ASB Bancorp (ASBB) 10-K 15 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 28, 2017	Jun. 30, 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 Public Float			$ 82,676,820
Entity Common Stock, Shares Outstanding		3,788,025
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 10,862	$ 9,563
Interest-earning deposits with banks	35,862	23,838
Total cash and cash equivalents	46,724	33,401
Securities available for sale (amortized cost of $102,482 at December 31, 2016 and $137,137 at December 31, 2015)	99,909	137,555
Securities held to maturity (estimated fair value of $3,875 at December 31, 2016 and $4,086 at December 31, 2015)	3,672	3,809
Investment in Federal Home Loan Bank stock, at cost	2,829	2,807
Loans held for sale	7,145	7,018
Loans receivable (net of deferred loan fees of $241 at December 31, 2016 and $476 at December 31, 2015)	603,582	576,087
Allowance for loan losses	(6,544)	(6,289)
Loans receivable, net	597,038	569,798
Premises and equipment, net	11,122	11,616
Foreclosed real estate	5,069	5,646
Deferred income tax assets, net	3,863	4,716
Bank owned life insurance	10,185	0
Other assets	8,267	6,487
Total assets	795,823	782,853
Liabilities
Noninterest-bearing deposits	123,999	113,745
Interest-bearing deposits	523,624	517,159
Total deposits	647,623	630,904
Overnight and short-term borrowings	392	327
Federal Home Loan Bank advances	50,000	50,000
Accounts payable and other liabilities	6,671	11,940
Total liabilities	704,686	693,171
Commitments and contingencies (Note 12)
Shareholder' 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; 3,788,025 shares issued at December 31, 2016 and 3,985,475 shares issued at December 31, 2015	38	40
Additional paid-in capital	20,170	24,056
Retained earnings	77,306	76,088
Accumulated other comprehensive loss, net of tax	(1,865)	(5,061)
Unearned Employee Stock Ownership Plan ("ESOP") shares	(2,824)	(3,138)
Unearned equity incentive plan shares	(1,310)	(1,960)
Stock-based deferral plan shares	(378)	(343)
Total shareholders' equity	91,137	89,682
Total liabilities and shareholders' equity	$ 795,823	$ 782,853

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Amortized cost of securities available for sale	$ 102,482	$ 137,137
Estimated fair value of securities held to maturity	3,875	4,086
Deferred loan fees on loans receivable	$ 241	$ 476
Shareholder' 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)	3,788,025	3,985,475

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest and dividend income
Loans, including fees	$ 24,769	$ 22,761	$ 20,518
Securities	2,263	2,411	2,646
Other earning assets	316	263	338
Total interest and dividend income	27,348	25,435	23,502
Interest expense
Deposits	1,472	1,520	1,570
Overnight and short-term borrowings	2	0	1
Federal Home Loan Bank advances	1,970	1,965	1,965
Total interest expense	3,444	3,485	3,536
Net interest income	23,904	21,950	19,966
Provision for (recovery of) loan losses	548	361	(998)
Net interest income after provision for (recovery of) loan losses	23,356	21,589	20,964
Noninterest income
Mortgage banking income	1,809	1,763	918
Deposit and other service charge income	2,839	2,598	2,488
Income from debit card services	1,813	1,781	1,640
Gain on sale of investment securities	1,321	575	211
Other noninterest income	974	792	1,076
Total noninterest income	8,756	7,509	6,333
Noninterest expenses
Salaries and employee benefits	13,088	13,510	13,041
Occupancy expense, net	1,786	1,781	1,900
Foreclosed property expenses	171	239	498
Data processing fees	2,630	2,444	2,354
Federal deposit insurance premiums	325	504	524
Advertising	535	537	614
Professional and outside services	1,134	1,066	1,207
Settlement of qualified pension plan	7,607	0	0
Other noninterest expenses	3,174	3,459	3,410
Total noninterest expenses	30,450	23,540	23,548
Income (loss) before income tax provision (benefit)	1,662	5,558	3,749
Income tax provision	444	1,983	1,260
Net income (loss)	$ 1,218	$ 3,575	$ 2,489
Net income per common share - Basic (in dollars per share)	$ 0.35	$ 0.92	$ 0.60
Net income per common share - Diluted (in dollars per share)	$ 0.33	$ 0.89	$ 0.59

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Comprehensive Income
Net income	$ 1,218	$ 3,575	$ 2,489
Unrealized holding gains (losses) on securities available for sale:
Reclassification of securities gains recognized in net income	(1,321)	(575)	(211)
Deferred income tax benefit	484	214	79
Gains (losses) arising during the period	(1,670)	797	5,139
Deferred income tax benefit (expense)	595	(295)	(1,931)
Unrealized holding gains (losses) adjustment, net of tax	(1,912)	141	3,076
Defined benefit pension plans [Abstract]
Reclassification of unrealized pension liability recognized in net income	7,607	0	0
Deferred income tax expense	(2,787)	0	0
Net periodic pension cost	(510)	(799)	(565)
Net pension gain (loss)	969	1,843	(1,799)
Deferred income tax benefit (expense)	(171)	(444)	859
Defined benefit pension plan adjustment, net of tax	5,108	600	(1,505)
Total other comprehensive income	3,196	741	1,571
Comprehensive income	$ 4,414	$ 4,316	$ 4,060

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - 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, 2013	$ 50	$ 46,097	$ 70,024	$ (7,373)	$ (3,766)	$ (3,601)	$ (343)	$ 101,088
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Issuance of common stock		25						25
Repurchase of common stock	(6)	(12,896)						(12,902)
Net income			2,489					2,489
Other comprehensive income				1,571				1,571
ESOP shares allocated		283			314			597
Stock-based compensation expense		1,484						1,484
Vesting of restricted stock		(991)				991
Tax benefit from exercise/vesting of stock awards		45						45
Stock-based deferral plan shares purchased							0	0
Ending balance at Dec. 31, 2014	44	34,047	72,513	(5,802)	(3,452)	(2,610)	(343)	94,397
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Issuance of common stock		722						722
Repurchase of common stock	(4)	(11,571)						(11,575)
Net income			3,575					3,575
Other comprehensive income				741				741
ESOP shares allocated		368			314			682
Stock-based compensation expense		1,082						1,082
Vesting of restricted stock		(650)				650
Tax benefit from exercise/vesting of stock awards		58						58
Stock-based deferral plan shares purchased							0	0
Ending balance at Dec. 31, 2015	40	24,056	76,088	(5,061)	(3,138)	(1,960)	(343)	89,682
Increase (Decrease) in Shareholders' Equity [Roll Forward]
Issuance of common stock		104						104
Repurchase of common stock	(2)	(5,035)						(5,037)
Net income			1,218					1,218
Other comprehensive income				3,196				3,196
ESOP shares allocated		478			314			792
Stock-based compensation expense		1,082						1,082
Vesting of restricted stock		(650)				650
Tax benefit from exercise/vesting of stock awards		135						135
Stock-based deferral plan shares purchased							(35)	(35)
Ending balance at Dec. 31, 2016	$ 38	$ 20,170	$ 77,306	$ (1,865)	$ (2,824)	$ (1,310)	$ (378)	$ 91,137

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Activities
Net income	$ 1,218	$ 3,575	$ 2,489
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for (recovery of) loan losses	548	361	(998)
Valuation adjustments of foreclosed real estate	21	9	150
Depreciation	780	816	914
Loss (gain) on sale of fixed and other assets	17	(25)	(4)
Loss (gain) on sale of foreclosed real estate	1	33	(57)
Increase in cash surrender value of bank owned life insurance	(185)	0	0
Deferred income tax expense (benefit)	(1,026)	347	1,160
Net amortization of premiums on securities	2,029	2,649	3,303
Gain on sale of investment securities	(1,321)	(575)	(211)
Net amortization (accretion) of deferred fees on loans	61	(55)	(120)
Mortgage loans originated for sale	(68,134)	(76,162)	(42,833)
Proceeds from sale of mortgage loans	69,814	76,144	42,655
Gain on sale of mortgage loans	(1,807)	(1,763)	(918)
ESOP compensation expense	792	682	597
Stock-based compensation expense	1,082	1,082	1,484
Excess tax benefits from equity awards	(135)	(58)	(45)
Decrease (increase) in income tax receivable	(942)	560	103
Decrease (increase) in interest receivable	128	(226)	297
Increase (decrease) in interest payable	(1)	6	0
Decrease in other liabilities - pension plan contribution	(5,465)	0	0
Net change in other assets and liabilities	7,415	1,988	142
Net cash provided by operating activities	4,890	9,388	8,108
Securities available for sale:
Purchases	(34,134)	(79,200)	(26,494)
Proceeds from sales	57,773	69,086	55,821
Proceeds from maturities	0	0	283
Principal repayments on mortgage-backed and asset-backed securities	10,445	12,359	16,335
Redemption (purchase) of FHLB stock	(22)	95	229
Net increase in loans receivable	(28,841)	(55,053)	(73,107)
Foreclosed real estate:
Capitalized cost	0	0	(242)
Net proceeds from sales	1,547	3,946	5,849
Purchases of premises and equipment	(303)	(500)	(355)
Net proceeds from sales of fixed and other assets	17	25	6
Purchases of bank owned life insurance	(10,000)	0	0
Net cash provided by (used in) investing activities	(3,518)	(49,242)	(21,675)
Financing Activities
Net increase in deposits	16,719	27,525	30,593
Net proceeds from (repayments of) repurchase agreements	65	(333)	(127)
Proceeds from the exercise of stock options	104	722	25
Stock-based deferral plan shares purchased	(35)	0	0
Excess tax benefits from equity awards	135	58	45
Common stock repurchased	(5,037)	(11,575)	(12,902)
Net cash provided by (used in) financing activities	11,951	16,397	17,634
Net increase (decrease) in cash and cash equivalents	13,323	(23,457)	4,067
Cash and cash equivalents:
Beginning of period	33,401	56,858	52,791
End of period	46,724	33,401	56,858
Cash paid (received) for:
Interest on deposits, advances and other borrowings	3,445	3,479	3,536
Income taxes	2,412	1,075	1
Non-cash investing and financing transactions:
Transfers from loans to foreclosed real estate	992	820	281
Increase (decrease) in unrealized gains and losses on securities available for sale	(2,991)	222	4,928
Increase (decrease) in deferred income taxes resulting from other comprehensive income	908	(525)	(993)
Increase (decrease) in deferred benefit pension plans	$ 459	$ 1,044	$ (2,364)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. 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. The Bank is regulated by the Office of the North Carolina Commissioner of Banks (“NCCoB”) and the Federal Deposit Insurance Corporation (“FDIC”). The Company is regulated by the Board of Governors of the Federal Reserve System (the “FRB”) and the NCCoB. Principles of Consolidation Use of Estimates Cash and Cash Equivalents 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 issues, (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. Investments Held at Cost 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 Commercial Mortgage and Commercial and Industrial 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 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 Loans Held for Sale 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 TDR’s 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. F oreclosed Real Estate and Repossessed Assets Premises and Equipment Depreciation of premises and equipment is provided over the estimated useful lives of the related assets on the straight-line method for financial statement purposes and on a combination of straight-line and accelerated methods for income tax purposes. Estimated lives are 10 to 40 years for buildings and building components; 5 to 10 years for furniture, fixtures and equipment; 3 years for computers; and leasehold improvements are over the lease term. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In performing the review for recoverability, the Bank estimates the future cash flows expected to result from the use of the asset and its eventual disposition, and recognizes an impairment loss if the expected future cash flows are less than the carrying amount of the asset. Deferred Loan Fees Commitment fees to originate or purchase loans are deferred and, if the commitment is exercised, recognized over the life of the loan as an adjustment of yield. If the commitment expires unexercised, commitment fees are recognized in income upon expiration of the commitment. Bank Owned Life Insurance 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 Year Ended December 31, 2016 Unrealized gain (loss) on securities $ 265 $ (1,075 ) $ (837 ) $ (1,912 ) $ (1,647 ) Benefit plan liability (5,326 ) 611 4,497 5,108 (218 ) Accumulated other comprehensive income (loss), net of tax $ (5,061 ) $ (464 ) $ 3,660 $ 3,196 $ (1,865 ) Year Ended December 31, 2015 Unrealized gain on securities $ 124 $ 502 $ (361 ) $ 141 $ 265 Benefit plan liability (5,926 ) 1,101 (501 ) 600 (5,326 ) Accumulated other comprehensive income (loss), net of tax $ (5,802 ) $ 1,603 $ (862 ) $ 741 $ (5,061 ) Year Ended December 31, 2014 Unrealized gain (loss) on securities $ (2,952 ) $ 3,208 $ (132 ) $ 3,076 $ 124 Benefit plan liability (4,421 ) (1,143 ) (362 ) (1,505 ) (5,926 ) Accumulated other comprehensive income (loss), net of tax $ (7,373 ) $ 2,065 $ (494 ) $ 1,571 $ (5,802 ) 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 Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Reclassification of securities gains recognized in net income $ (1,321 ) $ (575 ) $ (211 ) Gain on sale of investment securities Deferred income tax expense 484 214 79 Income tax provision Total reclassifications for the period $ (837 ) $ (361 ) $ (132 ) Net of tax Amortization of defined benefit pension items: Net loss $ (510 ) $ - $ - Settlement expense 7,607 - - Net periodic pension (cost) benefit 7,097 (799 ) (565 ) Salaries and employee benefits Deferred income tax (benefit) expense (2,600 ) 298 203 Income tax provision Total reclassifications for the period $ 4,497 $ (501 ) $ (362 ) Net of tax Income Taxes 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’s loss carry forward period under applicable North Carolina income tax laws is 15 years with a remaining loss carry forward period of 12 years. The Bank includes interest and penalties related to income tax liabilities in noninterest expense. The Bank’s tax filings for the years 2013 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”) 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 Company to the ESOP, the loan receivable by the Company 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 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: Year Ended December 31, (Dollars in thousands, except per share data) 2016 2015 2014 Numerator: Net income $ 1,218 $ 3,575 $ 2,489 Denominator: Weighted average common shares outstanding 3,888,809 4,339,806 4,687,699 Less: Weighted average unvested restricted shares (85,249 ) (125,555 ) (176,046 ) Less: Weighted average unallocated ESOP shares (298,173 ) (329,560 ) (360,947 ) Weighted average common shares used to compute net income per common share – Basic 3,505,387 3,884,691 4,150,706 Add: Effect of dilutive securities 154,188 119,694 46,983 Weighted average common shares used to compute net income per common share – Diluted 3,659,575 4,004,385 4,197,689 Net income per common share – Basic $ 0.35 $ 0.92 $ 0.60 Net income per common share – Diluted $ 0.33 $ 0.89 $ 0.59 For the year ended December 31, 2016, there were no options to purchase shares of common stock and there were no restricted stock shares excluded from the computation of net income per common share because their effect would be anti-dilutive. For the year ended December 31, 2015, options to purchase 2,274 shares of common stock were excluded from the computation of net income per common share because their effect would be anti-dilutive, and there were no restricted stock shares excluded from the computation of net income per common share. For the year ended December 31, 2014, options to purchase 7,727 shares of common stock and 273 restricted stock shares were excluded from the computation of net income per common share because their effect would be anti-dilutive. Reclassifications Recent Accounting Pronouncements Accounting Standards Update ASU 2016-01 Recognition and Measurement of Financial Assets and Financial Liabilities, Accounting Standards Update ASU 2016-02 Leases Accounting Standards Update ASU 2016-09 Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, Accounting Standards Update ASU 2016-13 Measurement of Credit Losses on Financial Instruments (Topic 326), Accounting Standards Update ASU 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, Accounting Standards Update ASU 2016-20 Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date,

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 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 December 31, 2016 U.S. Government Sponsored Entity (GSE) and agency securities due - Within 1 year $ 1,011 $ - $ - $ 1,011 After 1 year but within 5 years 1,085 - (7 ) $ 1,078 Asset-backed securities issued by the Small Business Administration (SBA) 4,407 17 (11 ) 4,413 Residential mortgage-backed securities issued by GSEs (1) 40,619 88 (733 ) 39,974 State and local government securities due - After 10 years 54,583 54 (1,967 ) 52,670 Mutual funds 777 - (14 ) 763 Total $ 102,482 $ 159 $ (2,732 ) $ 99,909 December 31, 2015 U.S. Government Sponsored Entity (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 entities 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, 2016 and December 31, 2015 or during the periods then ended. Securities Held to Maturity Type And Maturity Group (Dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value December 31, 2016 U.S. GSE and agency securities due - Within 1 year $ 1,009 $ 18 $ - $ 1,027 Residential mortgage-backed securities issued by GSEs (1) 223 17 - 240 State and local government securities due - After 5 years but within 10 years 2,440 168 - 2,608 Total $ 3,672 $ 203 $ - $ 3,875 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 entities 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, 2016 and December 31, 2015 or during the periods 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 December 31, 2016 and December 31, 2015. The total number of securities with unrealized losses at December 31, 2016 and December 31, 2015 were 56 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 ability and intent to hold securities with unrealized losses until a recovery of the market value occurs. Management intends to manage the Company’s liquidity so as to minimize the need to sell securities with unrealized losses prior to a recovery of market value sufficient to negate the unrealized loss. The key factors considered in evaluating the mortgaged-backed and municipal securities were cash flows of the investment and the assessment of other relative economic factors, such as credit risk. In addition to the effects of higher market interest rates, the security fair values are also affected by shifts in the demand to U.S. Treasury and governmental agency bonds from non-governmental securities and municipal bonds due to market concerns. None of the unrealized losses relate to the marketability of the securities or the issuer’s ability to honor redemption obligations. Management has analyzed the creditworthiness of the underlying issuers and determined it is more likely than not that the Company will collect the contractual cash flows, therefore impairment is considered to be temporary. (Dollars in thousands) December 31, 2016 Less Than 12 Months 12 Months Or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities Available For Sale: US GSE and agency $ 2,088 $ (7 ) $ - $ - $ 2,088 $ (7 ) Asset-backed SBA 1,647 (3 ) 1,049 (8 ) 2,696 (11 ) Residential mortgage-backed GSE (1) 15,274 (549 ) 18,352 (184 ) 33,626 (733 ) State and local government 46,333 (1,967 ) - - 46,333 (1,967 ) Mutual funds 776 (14 ) - - 776 (14 ) Total temporarily impaired securities $ 66,118 $ (2,540 ) $ 19,401 $ (192 ) $ 85,519 $ (2,732 ) (1) Residential mortgage-backed securities were issued by United States government sponsored entities 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, 2016 and December 31, 2015 or during the periods 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 entities 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, 2016 and December 31, 2015 or during the periods then ended. The fair value of investment securities pledged as collateral follows: December 31, (Dollars in thousands) 2016 2015 Pledged to Federal Reserve Discount Window $ 8,264 $ 14,533 Pledged to repurchase agreements for commercial customers 840 1,131 Interest income from taxable and tax-exempt securities recognized in interest and dividend income follow: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Interest income from taxable securities $ 796 $ 1,010 $ 1,447 Interest income from tax-exempt securities 1,467 1,401 1,199 Total interest income from securities $ 2,263 $ 2,411 $ 2,646 Gross proceeds and gross realized gains from sales of securities recognized in net income follow: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Proceeds from sales of securities $ 57,773 $ 69,086 $ 55,821 Gross realized gains from sales of securities 1,365 841 603 Gross realized losses from sales of securities (44 ) (266 ) (392 )

LOANS RECEIVABLE

LOANS RECEIVABLE	12 Months Ended
	Dec. 31, 2016
LOANS RECEIVABLE [Abstract]
LOANS RECEIVABLE	3. LOANS RECEIVABLE The composition of loans receivable by segment and class follow: December 31, (Dollars in thousands) 2016 2015 Commercial: Commercial construction and land development $ 27,813 $ 38,313 Commercial mortgage 241,125 209,397 Commercial and industrial 23,819 22,878 Total commercial 292,757 270,588 Non-commercial: Non-commercial construction and land development 20,801 16,587 Residential mortgage 200,590 186,839 Revolving mortgage 66,870 66,258 Consumer 22,805 36,291 Total non-commercial 311,066 305,975 Total loans receivable 603,823 576,563 Less: Deferred loan fees (241 ) (476 ) Total loans receivable net of deferred loan fees 603,582 576,087 Less: Allowance for loan losses (6,544 ) (6,289 ) Loans receivable, net $ 597,038 $ 569,798 Loans receivable by segment, class, and grade follow: (Dollars in thousands) Pass Special Mention Substandard Doubtful Loss Total Loans December 31, 2016 Commercial: Commercial construction and land development $ 27,677 $ 136 $ - $ - $ - $ 27,813 Commercial mortgage 229,571 10,954 600 - - 241,125 Commercial and industrial 22,872 735 212 - - 23,819 Total commercial 280,120 11,825 812 - - 292,757 Non-commercial: Non-commercial construction and land development 20,801 - - - - 20,801 Residential mortgage 193,235 6,200 1,155 - - 200,590 Revolving mortgage 63,479 2,829 562 - - 66,870 Consumer 22,360 393 52 - - 22,805 Total non-commercial 299,875 9,422 1,769 - - 311,066 Total loans receivable $ 579,995 $ 21,247 $ 2,581 $ - $ - $ 603,823 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 Total Current Total December 31, 2016 Commercial: Commercial construction and land development $ - $ - $ - $ 27,813 $ 27,813 Commercial mortgage - - - 241,125 241,125 Commercial and industrial - 63 63 23,756 23,819 Total commercial - 63 63 292,694 292,757 Non-commercial: Non-commercial construction and land development - - - 20,801 20,801 Residential mortgage 293 626 919 199,671 200,590 Revolving mortgage 156 240 396 66,474 66,870 Consumer 250 - 250 22,555 22,805 Total non-commercial 699 866 1,565 309,501 311,066 Total loans receivable $ 699 $ 929 $ 1,628 $ 602,195 $ 603,823 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 follow: December 31, 2016 December 31, 2015 (Dollars in thousands) Nonaccruing Past Due 90 Days Or More And Still Nonaccruing Past Due 90 Days Or More And Still Commercial: Commercial mortgage $ - $ - $ 818 $ - Commercial and industrial 63 - 227 - Total commercial 63 - 1,045 - Non-commercial: Residential mortgage 626 - 1,309 - Revolving mortgage 323 - 194 - Consumer - - - - Total non-commercial 949 - 1,503 - Total loans receivable $ 1,012 $ - $ 2,548 $ - 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: December 31, (Dollars in thousands) 2016 2015 At beginning of period $ 3,530 $ 4,022 New loans 191 718 Repayments of loans (365 ) (1,210 ) At end of period $ 3,356 $ 3,530 The Bank services loans for Habitat for Humanity of Western North Carolina as an in kind donation. The balances of these loans were $16.7 million and $15.8 million at December 31, 2016 and December 31, 2015, respectively.

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 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: (Dollars in thousands) Commercial Non- Commercial Total Year Ended December 31, 2016 Balance at beginning of period $ 3,710 $ 2,579 $ 6,289 Provision for loan losses 471 77 548 Charge-offs (231 ) (147 ) (378 ) Recoveries 18 67 85 Balance at end of period $ 3,968 $ 2,576 $ 6,544 Year Ended December 31, 2015 Balance at beginning of period $ 3,409 $ 2,540 $ 5,949 Provision for loan losses 157 204 361 Charge-offs (80 ) (396 ) (476 ) Recoveries 224 231 455 Balance at end of period $ 3,710 $ 2,579 $ 6,289 Year Ended December 31, 2014 Balance at beginning of period $ 4,560 $ 2,747 $ 7,307 Provision for (recovery of) loan losses (1,080 ) 82 (998 ) Charge-offs (95 ) (409 ) (504 ) Recoveries 24 120 144 Balance at end of period $ 3,409 $ 2,540 $ 5,949 The ending balances of loans and the related allowance, by segment and class, follows: 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 December 31, 2016 Commercial: Commercial construction and land development $ - $ 295 $ 295 $ - $ 27,813 $ 27,813 Commercial mortgage 8 3,338 3,346 2,894 238,231 241,125 Commercial and industrial 6 321 327 212 23,607 23,819 Total commercial 14 3,954 3,968 3,106 289,651 292,757 Non-commercial: Non-commercial construction and land development - 177 177 - 20,801 20,801 Residential mortgage 22 1,309 1,331 2,172 198,418 200,590 Revolving mortgage 83 767 850 241 66,629 66,870 Consumer - 218 218 - 22,805 22,805 Total non-commercial 105 2,471 2,576 2,413 308,653 311,066 Total loans receivable $ 119 $ 6,425 $ 6,544 $ 5,519 $ 598,304 $ 603,823 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, follows: Recorded Investment (Dollars in thousands) Unpaid With A With No Total Related December 31, 2016 Commercial: Commercial mortgage $ 2,894 $ 2,894 $ - $ 2,894 $ 8 Commercial and industrial 697 149 63 212 6 Total commercial 3,591 3,043 63 3,106 14 Non-commercial: Residential mortgage 2,089 583 1,589 2,172 22 Revolving mortgage 255 83 158 241 83 Total non-commercial 2,344 666 1,747 2,413 105 Total impaired loans $ 5,935 $ 3,709 $ 1,810 $ 5,519 $ 119 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: Year Ended December 31, 2016 2015 2014 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial: Commercial construction and land development $ 72 $ - $ - $ - $ 23 $ 1 Commercial mortgage 3,269 293 3,879 131 4,056 148 Commercial and industrial 221 18 294 1 302 7 Total commercial 3,562 311 4,173 132 4,381 156 Non-commercial: Residential mortgage 2,768 61 3,116 77 3,039 71 Revolving mortgage 105 2 226 1 319 5 Total non-commercial 2,873 63 3,342 78 3,358 76 Total loans receivable $ 6,435 $ 374 $ 7,515 $ 210 $ 7,739 $ 232 The following table summarizes the Bank’s recorded investment in TDRs before and after their modifications during the periods indicated. The Bank did not restructure any loans during the year ending December 31, 2016. The payment terms on one loan was extended during the year ended December 31, 2015, and the Bank reduced the interest rate below market levels on two loans during the year ended December 31, 2015. Year Ended December 31, 2016 Year Ended December 31, 2015 (Dollars in thousands) Number Pre- Post- Number Pre- Post- Below market interest rate: Commercial: Commercial and industrial - $ - $ - 1 $ 153 $ 153 Total commercial - - - 1 153 153 Non-commercial: Residential mortgage - - - 1 45 45 Total non-commercial - - - 1 45 45 Total - $ - $ - 2 $ 198 $ 198 Extended payment terms: Non-commercial: Residential mortgage - $ - $ - 1 $ 29 $ 42 Total non-commercial - - - 1 29 42 Total - $ - $ - 1 $ 29 $ 42 Total - $ - $ - 3 $ 227 $ 240 During the years ended December 31, 2016 and 2015, no loans went into default that were modified as a TDR within the preceding 12 months. In the determination of the allowance for loan losses, management considers TDRs on commercial loans, and the subsequent nonperformance in accordance with their modified terms, by measuring impairment on a loan-by-loan basis 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 troubled debt restructurings follow: December 31, (Dollars in thousands) 2016 2015 Nonperforming restructured loans $ 13 $ 979 Performing restructured loans 4,543 4,552 Total $ 4,556 $ 5,531 As of December 31, 2016, the Bank had $496,000 of residential real estate loans in the process of foreclosure and $953,000 of foreclosed residential real estate property included in foreclosed real estate.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
PREMISES AND EQUIPMENT [Abstract]
PREMISES AND EQUIPMENT	5. PREMISES AND EQUIPMENT A summary of Bank premises and equipment, and related depreciation expense, follows: December 31, (Dollars in thousands) 2016 2015 Land $ 3,395 $ 3,395 Office buildings and improvements 15,553 15,552 Furniture, fixtures, equipment and auto 7,116 7,192 Total 26,064 26,139 Less - accumulated depreciation (14,942 ) (14,523 ) Premises and equipment, net $ 11,122 $ 11,616 Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Depreciation expense $ 780 $ 816 $ 914

DEPOSIT ACCOUNTS

DEPOSIT ACCOUNTS	12 Months Ended
	Dec. 31, 2016
DEPOSIT ACCOUNTS [Abstract]
DEPOSIT ACCOUNTS	6. DEPOSIT ACCOUNTS The Bank’s deposit accounts are summarized as follows: December 31, (Dollars in thousands) 2016 2015 Noninterest-bearing demand accounts $ 123,999 $ 113,745 NOW accounts 163,132 163,005 Money market accounts 169,612 170,921 Savings accounts 59,382 47,957 Certificate accounts 131,498 135,276 Total deposits $ 647,623 $ 630,904 The scheduled maturities of certificate of deposit accounts follow: December 31, (Dollars in thousands) 2016 2015 2016 $ - $ 76,188 2017 63,251 32,500 2018 49,359 20,818 2019 10,193 2,903 2020 5,023 2,854 2021 3,672 13 Total $ 131,498 $ 135,276 Additional certificate of deposit information: (Amounts included in the preceding tables) Aggregate certificate of deposit accounts of $250,000 or more $ 10,616 $ 9,413 Brokered certificate of deposit accounts $ 26,554 $ 20,506

OVERNIGHT AND SHORT-TERM BORROW

OVERNIGHT AND SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2016
OVERNIGHT AND SHORT-TERM BORROWINGS [ABSTRACT]
OVERNIGHT AND SHORT-TERM BORROWINGS	7. OVERNIGHT AND SHORT-TERM BORROWINGS Overnight and short-term borrowings follow: December 31, (Dollars in thousands) 2016 2015 Securities sold under agreements to repurchase $ 392 $ 327 Total available credit under federal funds borrowing agreements $ 73,351 $ 79,306 The Bank has a federal funds borrowing agreement with the Federal Reserve Bank whereby any borrowings under the agreement are secured by qualifying assets pledged by the Bank.

ADVANCES FROM THE FEDERAL HOME

ADVANCES FROM THE FEDERAL HOME LOAN BANK	12 Months Ended
	Dec. 31, 2016
ADVANCES FROM THE FEDERAL HOME LOAN BANK [Abstract]
ADVANCES FROM THE FEDERAL HOME LOAN BANK	8. ADVANCES FROM THE FEDERAL HOME LOAN BANK The Bank has established a line of credit borrowing arrangement with the FHLB of Atlanta. Available credit under this commitment was $96.9 million at December 31, 2016 and $77.9 million at December 31, 2015. All qualifying residential mortgages and FHLB stock are pledged as collateral to secure FHLB advances. Maturities, conversion dates, and interest rates on outstanding FHLB of Atlanta advances follow: (Dollars in thousands) Date Convertible By Interest December 31, Maturity Date FHLB To Variable Rate Rate 2016 2015 March 13, 2017 n/a 4.09 % $ 10,000 $ 10,000 March 13, 2017 n/a 4.20 % 10,000 10,000 March 20, 2017 n/a 3.99 % 10,000 10,000 September 11, 2017 March 13, 2017 (1) 3.45 % 10,000 10,000 September 17, 2018 n/a 3.65 % 10,000 10,000 Total FHLB advances $ 50,000 $ 50,000 (1) FHLB has the option to convert the advance to a variable rate each quarter until maturity. If the FHLB of Atlanta exercises its conversion option, the Bank can accept the new terms or repay the advance without any prepayment penalty. These advance agreements also contain prepayment penalty provisions for early repayments if current advance rates are lower than the interest rates on the advances being repaid. The Bank had outstanding irrevocable letters of credit totaling $7.5 million and $6.0 million from the FHLB of Atlanta at December 31, 2016 and December 31, 2015, respectively, used to secure uninsured deposits placed with the Bank by state and local governments and their political subdivisions, to the extent required by law.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
INCOME TAXES [Abstract]
INCOME TAXES	9. INCOME TAXES Components of the income tax provision follows: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Current: Federal $ 1,300 $ 1,464 $ 100 State 170 172 - Total current expense 1,470 1,636 100 Deferred: Federal (973 ) 210 1,120 State (53 ) 137 40 Total deferred expense (benefit) (1,026 ) 347 1,160 Total income tax provision $ 444 $ 1,983 $ 1,260 Increases (decreases) in deferred tax assets (liabilities) allocated to other comprehensive income related to: Unrealized (gains) losses on securities available for sale $ 1,079 $ (81 ) $ (1,852 ) Qualified and non-qualified pension plan liability adjustments (2,958 ) (444 ) 859 Total $ (1,879 ) $ (525 ) $ (993 ) The approximate tax effects of each type of temporary difference that gave rise to the Bank’s deferred income tax assets and liabilities follows: December 31, (Dollars in thousands) 2016 2015 Deferred tax assets relating to: Deferred loan fees $ 87 $ 174 Deferred compensation 515 500 Non-accrual interest, book versus tax 38 32 Accrued vacation 175 177 Allowance for loan losses 2,354 2,304 Nonqualified pension plan liability 334 335 Unrealized pension liability 122 3,080 Equity incentive plans 548 482 Loss reserve on foreclosed real estate 226 230 Deferred gain on sale of foreclosed real estate 4 4 Unrealized loss on securities available for sale 926 - Other 244 239 Total deferred tax assets 5,573 7,557 Deferred tax liabilities relating to: Original issue discount - loan fees (743 ) (680 ) Property (14 ) (62 ) Pension liabilities and prepayments - (997 ) FHLB stock (710 ) (723 ) Unrealized gain on securities available for sale - (153 ) Other (243 ) (226 ) Total deferred tax liabilities (1,710 ) (2,841 ) Net recorded deferred tax assets $ 3,863 $ 4,716 Income taxes computed by applying the federal statutory income tax rate of 34% to income before income taxes differs from the actual income tax provision because of the following: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Income tax provision at statutory rate $ 565 $ 1,890 $ 1,275 Increase (decrease) in income taxes resulting from: Tax exempt interest income, net of disallowed interest expense (380 ) (314 ) (408 ) Bank owned life insurance cash surrender value (64 ) - - State taxes, net of federal effect 54 181 158 Deferred tax revaluation from reduction in state tax rate 35 35 40 ESOP fair market value adjustment 163 125 96 Incentive stock options 67 67 103 Other, net 4 (1 ) (4 ) Total $ 444 $ 1,983 $ 1,260 Retained earnings include approximately $7.2 million representing pre-1988 tax bad debt reserve base year amounts for which no deferred income tax liability has been provided since these reserves are not expected to reverse and may never reverse. Circumstances that would require an accrual of a portion or all of this unrecorded tax liability are a reduction in qualifying loan levels relative to the end of 1987, failure to meet the definition of a bank, dividend payments in excess of accumulated tax earnings and profits, or other distributions, dissolution or liquidation of the Bank’s equity.

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2016
REGULATORY CAPITAL REQUIREMENTS [Abstract]
REGULATORY CAPITAL REQUIREMENTS	10. REGULATORY CAPITAL REQUIREMENTS Capital Levels Failure to meet minimum capital requirements can initiate certain mandatory – and possibly additional discretionary – actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Capital amounts and classification also are subject to qualitative judgments by the regulators about components, risk weightings and other factors. As of December 31, 2016, the most recent regulatory reporting period, the Bank was well capitalized under the current regulatory framework. To be categorized as well capitalized, the Bank must maintain minimum common equity Tier 1 capital, Tier 1 leverage capital, Tier 1 risk-based capital and total risk-based capital as set forth in the table below. The following tables set forth actual and required regulatory capital amounts as of the periods indicated: Regulatory Requirements Actual Minimum For Capital Minimum To Be (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio ASB Bancorp, Inc. December 31, 2016 Common equity Tier I capital $ 92,996 15.54 % $ 26,934 4.50 % $ 38,905 6.50 % Tier I leverage capital 92,996 11.58 % 32,111 4.00 % 40,139 5.00 % Tier I risk-based capital 92,996 15.54 % 35,913 6.00 % 47,884 8.00 % Total risk-based capital 99,540 16.63 % 47,884 8.00 % 59,854 10.00 % December 31, 2015 Common equity Tier I capital $ 94,743 16.66 % $ 25,587 4.50 % $ 36,960 6.50 % Tier I leverage capital 94,743 11.87 % 31,935 4.00 % 39,919 5.00 % Tier I risk-based capital 94,743 16.66 % 34,117 6.00 % 45,489 8.00 % Total risk-based capital 101,032 17.77 % 45,489 8.00 % 56,861 10.00 % Asheville Savings Bank, S.S.B. December 31, 2016 Common equity Tier I capital $ 87,670 14.65 % $ 26,924 4.50 % $ 38,890 6.50 % Tier I leverage capital 87,670 10.94 % 32,067 4.00 % 40,084 5.00 % Tier I risk-based capital 87,670 14.65 % 35,899 6.00 % 47,865 8.00 % Total risk-based capital 94,214 15.75 % 47,865 8.00 % 59,832 10.00 % NC Savings Bank capital 94,214 11.86 % 39,731 5.00 % n/a n/a December 31, 2015 Common equity Tier I capital $ 89,183 15.70 % $ 25,563 4.50 % $ 36,925 6.50 % Tier I leverage capital 89,183 11.20 % 31,848 4.00 % 39,810 5.00 % Tier I risk-based capital 89,183 15.70 % 34,084 6.00 % 45,446 8.00 % Total risk-based capital 95,472 16.81 % 45,446 8.00 % 56,807 10.00 % NC Savings Bank capital 95,472 12.21 % 39,087 5.00 % n/a n/a A reconciliation of GAAP equity and regulatory capital amounts follows: ASB Bancorp, Inc. Asheville Savings Bank, S.S.B. (Dollars in thousands) 2016 2015 2016 2015 Total GAAP equity $ 91,137 $ 89,682 $ 85,811 $ 84,122 Accumulated other comprehensive income, net of tax 1,865 5,061 1,865 5,061 Disallowed portion of net unrealized loss on available for sale equity securities (6 ) - (6 ) - Tier I capital 92,996 94,743 87,670 89,183 Allowable portion of allowance for loan losses 6,544 6,289 6,544 6,289 Total risk-based capital $ 99,540 $ 101,032 94,214 95,472 Disallowed portion of allowance for loan losses n/a n/a - - NC Savings Bank capital n/a n/a $ 94,214 $ 95,472 Dividend Restrictions A North Carolina stock savings bank may not declare or pay a cash dividend on, or repurchase any of, its capital stock if after making such distribution, the institution would become, or if it already is, “undercapitalized” (as such term is defined under applicable law and regulations) or such transaction would reduce the net worth of the institution to an amount which is less than the minimum amount required by applicable federal and state regulations. The FRB issued a policy statement regarding the payment of dividends by bank holding companies. In general, the FRB’s policies provide that dividends should be paid only out of current earnings and only if the prospective rate of earnings retention by the bank holding company appears consistent with the organization’s capital needs, asset quality and overall financial condition. The FRB’s policies also require that a bank holding company serve as a source of financial strength to its subsidiary banks by standing ready to use available resources to provide adequate capital funds to those banks during periods of financial stress or adversity and by maintaining the financial flexibility and capital-raising capacity to obtain additional resources for assisting its subsidiary banks where necessary. Under the prompt corrective action laws, the ability of a bank holding company to pay dividends may be restricted if a subsidiary bank becomes undercapitalized. These regulatory policies could affect the ability of the Company to pay dividends or otherwise engage in capital distributions. Liquidation Accounts

BENEFIT PLANS

BENEFIT PLANS	12 Months Ended
	Dec. 31, 2016
BENEFIT PLANS [Abstract]
BENEFIT PLANS	11. BENEFIT PLANS Defined Benefit Plans The Bank settled its Qualified pension plan liability in November 2016 for all participants The settlement was recognized in the fourth quarter of 2016 when participants received annuities or lump sum payments of their accrued benefit balances. The one-time settlement charge was $7.6 million before income taxes, or $4.8 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. The Bank contributed $5.5 million to the Qualified pension plan during 2016. In July 2016, the Bank decided to settle its Non-Qualified pension plan for all participants effective August 15, 2016. The settlement is expected to be recognized in the third quarter of 2017. In June 2015, the Board of Directors amended the Bank’s Qualified and Non-Qualified Pension Plans (the “Plans”), effective September 1, 2015, to offer immediate lump sum payments to inactive vested participants, determined as of October 31, 2015, as available. The election deadline for the inactive participant to make the lump sum selection was October 19, 2015. The total of immediate aggregate lump sum payments to all inactive participants making this selection was approximately $846,000 for 2015. In June 2014, the Board of Directors 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 election deadline for the inactive participant to make the lump sum selection was October 17, 2014. The total of immediate aggregate lump sum payments to all inactive participants making this selection was approximately $544,000 for 2014. Effective December 17, 2013, the Board of Directors amended the Bank’s Plans to adopt a technical amendment required by IRS regulations that place restrictions on forms of payment and benefit accruals in the event the “adjusted funding target attainment percentage” (or “AFTAP”) of the Pension Plan is ever less than 80%. Effective March 31, 2013, the Board of Directors amended the Bank’s Plans to curtail or eliminate benefits under the plans for services to be performed in future periods. During the year ended December 31, 2013, pension expense was decreased by a $499,000 one-time credit recognized in the first quarter of 2013 that resulted from the curtailment of benefits for future services. Effective January 1, 2010, the Board of Directors amended the Bank’s Plans to reduce the projected benefit obligations under the plans for services to be performed in future periods. Effective December 31, 2009, benefits under the Bank’s Plans were reduced with respect to existing employees and no new participants were allowed to enter the Plans after the effective date. The following tables set forth the status of both the Qualified and the Non-Qualified Pension Plans using measurement dates of December 31, 2016 and 2015: Non-Qualified Qualified (Dollars in thousands) 2016 2015 2016 2015 Change In Benefit Obligation: Projected benefit obligation at beginning of year $ 1,311 $ 1,397 $ 21,389 $ 23,764 Interest cost 56 55 805 991 Actuarial loss (gain) (17 ) (71 ) 711 (1,707 ) Benefits paid (70 ) (70 ) (22,905 ) (1,659 ) Projected benefit obligation at end of year $ 1,280 $ 1,311 $ - $ 21,389 Change In Plan Assets: Fair value of plan assets at beginning of year $ - $ - $ 16,109 $ 18,353 Actual return (loss) on plan assets - - 1,331 (585 ) Employer contribution 70 70 5,465 - Benefits paid (70 ) (70 ) (22,905 ) (1,659 ) Fair value of plan assets at end of year $ - $ - $ - $ 16,109 Non-Qualified Qualified (Dollars in thousands) 2016 2015 2016 2015 Net Amount Recognized: Funded status $ (1,280 ) $ (1,311 ) $ - $ (5,281 ) Unrecognized net actuarial loss 341 404 - 8,003 Net amount recognized $ (939 ) $ (907 ) $ - $ 2,722 Amounts Recognized In Balance Sheets: Pension obligation $ (1,280 ) $ (1,311 ) $ - $ (5,281 ) Amounts Recognized In Accumulated Other Comprehensive Loss: Net actuarial loss $ 341 $ 404 $ - $ 8,003 Accumulated other comprehensive loss $ 341 $ 404 $ - $ 8,003 Expected To Be Amortized From Accumulated Other Comprehensive Loss Over Next Twelve Months: Net actuarial loss $ 142 $ 46 $ - $ 666 Net periodic benefit cost related to defined benefit plans included the following components for the periods indicated: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Non-Qualified Defined Benefit Plan Components of Net Periodic Benefit Costs: Interest cost $ 56 $ 55 $ 56 Amortization of net loss 46 57 29 Net periodic benefit cost $ 102 $ 112 $ 85 Qualified Defined Benefit Plan Components of Net Periodic Benefit Costs: Interest cost $ 805 $ 991 $ 990 Expected return on plan assets (689 ) (946 ) (975 ) Amortization of net loss 464 742 536 Settlement expense 7,607 - - Net periodic benefit cost $ 8,187 $ 787 $ 551 Non-Qualified Qualified (Dollars in thousands) 2016 2015 2016 2015 Additional Information: Accumulated benefit obligation $ 1,280 $ 1,311 $ - $ 21,389 Increase in minimum liability included in other comprehensive income $ - $ - $ - $ - Assumptions used in accounting for the defined benefit plans follow: Non-Qualified Qualified 2016 2015 2016 2015 Weighted Average Assumptions Used to Determine Benefit Obligations at Year-End: Discount rate 1.78 % 4.40 % n/a 4.63 % Expected long-term return on plan assets n/a n/a n/a 5.28 % Weighted Average Assumptions Used to Determine Net Period Benefit Cost for The Year: Discount rate 4.40 % 4.06 % 4.63 % 4.25 % Expected long-term return on plan assets n/a n/a 5.28 % 5.28 % Rate of compensation increase n/a n/a n/a n/a Qualified 2016 2015 Asset Allocation: Actual Percentage of Plan Assets: Equity securities - 20 % Debt securities - 75 % Cash and equivalents - 5 % Total - 100 % Target Allocation: Equity securities - 20 % Debt securities - 80 % Total - 100 % Cash Flows The expected contribution to the Non-Qualified Plan for the year ending December 31, 2017 is $1,295,045. The following benefit payments reflecting expected future service are expected to be paid as follows: (Dollars in thousands) Non- Qualified Fiscal Year Ending December 31, 2017 $ 1,295 n/a 401(k) Plan Matching contributions to the Bank’s defined contribution plan under Section 401(k) of the Internal Revenue Code were as follows for the periods indicated: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Contributions to defined contribution plan $ 236 $ 228 $ 215 Deferred Compensation Plan Stock-Based Deferral Plan Employee Stock Ownership Plan At December 31, 2016, the remaining principal balance on the ESOP debt is payable as follows: (Dollars in thousands) Amount Principal amounts due on December 31, 2017 $ 298 2018 307 2019 317 2020 327 2021 338 Thereafter 1,467 Total $ 3,054 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 Company. 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 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 Company 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: December 31, (Dollars in thousands) 2016 2015 Allocated ESOP shares, beginning of year 118,694 98,624 ESOP shares committed to be released during the year 31,387 31,387 ESOP shares withdrawn during the year (8,371 ) (11,317 ) Unallocated ESOP shares 282,479 313,866 Total ESOP shares, end of year 424,189 432,560 Fair value of unallocated ESOP shares $ 8,404 $ 8,147 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 was as follows: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 ESOP expense $ 792 $ 682 $ 597 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 the 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 years ended December 31, 2016, 2015 and 2014 were $1.1 million, $1.1 million and $1.5 million, respectively. The table below presents restricted stock award activity for the years ended December 31, 2016, 2015 and 2014. Restricted Weighted Unvested restricted shares at December 31, 2013 223,382 $ 15.71 Granted 3,600 17.51 Vested (61,476 ) 15.71 Forfeited (3,600 ) 15.71 Unvested restricted shares at December 31, 2014 161,906 15.75 Vested (40,296 ) 15.74 Unvested restricted shares at December 31, 2015 121,610 15.75 Vested (40,297 ) 15.74 Unvested restricted shares at December 31, 2016 81,313 $ 15.76 At December 31, 2016, unrecognized compensation expense adjusted for expected forfeitures was $668 thousand related to restricted stock. The weighted-average period over which compensation cost related to unvested awards is expected to be recognized was 1.14 years at December 31, 2016. The table below presents stock option award activity for the years ended December 31, 2016, 2015 and 2014. (Dollars in thousands, Stock Stock Weighted Remaining Aggregate Outstanding at December 31, 2013 99,455 459,000 $ 15.71 9.10 $ 706 Granted (45,500 ) 45,500 18.85 Exercised - (1,600 ) 15.71 Forfeited 6,400 (6,400 ) 15.71 Outstanding at December 31, 2014 60,355 496,500 16.00 7.61 $ 2,731 Exercised - (46,000 ) 15.71 Outstanding at December 31, 2015 60,355 450,500 16.03 7.24 $ 4,473 Exercised - (6,600 ) 15.71 Outstanding at December 31, 2016 60,355 443,900 $ 16.04 6.24 $ 6,089 Options exercisable at December 31, 2016 252,600 $ 15.93 6.20 $ 3,489 The fair value of each option award is estimated on the date of the grant using the Black-Scholes option pricing model. The following table illustrates the weighted-average assumptions for the Black-Scholes model used in determining the fair value of options granted to directors and officers in the year ended December 31, 2014. There were 6,600 stock options exercised during 2016 and 46,000 stock options exercised during 2015. There were no stock options granted or forfeited in 2016 or 2015. Year Ended December 31, Fair value per option award $ 6.00 Expected life in years 6.5 years Expected stock price volatility 26.89% Expected dividend yield 0.00% Risk-free interest rate 2.05% Expected forfeiture rate 4.91% At December 31, 2016, the Company had $533 thousand of unrecognized compensation expense, adjusted for expected forfeitures, related to stock options. The period over which compensation cost related to unvested stock options was 1.44 years at December 31, 2016. There were 252,600 options vested and exercisable at December 31, 2016.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	12. 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: December 31, (Dollars in thousands) 2016 2015 Financial instruments whose contract amounts represent credit risk: Commitments to extend or originate credit $ 190,213 $ 171,339 Commitments under standby letters of credit 604 120 Total $ 190,817 $ 171,459 The Bank renegotiated the operating lease for the operations center location to include additional space. This lease will commence on May 1, 2017 with an original term of ten years. The lease has four five-year renewal options with predetermined rates per square foot rented. A new lease for land in Fletcher, North Carolina commenced on February 1, 2007 with an initial term of 20 years. The lease has renewal options of four consecutive renewal periods of five years each. The monthly payments are subject to adjustment every 60 months based on the increase of the Consumer Price Index. Future minimum lease payments under these leases are as follows: (Dollars in thousands) December 31, 2016 2017 $ 281 2018 239 2019 239 2020 239 2021 239 Thereafter 386 Total $ 1,623 Total rental expense related to operating leases follows: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Rental expense $ 362 $ 362 $ 362 Concentrations of Credit Risk Interest Rate Risk Litigation Investment Commitments

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2016
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	13. 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 December 31, 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 FHLB advances. The methodologies for estimating fair values of financial assets and financial liabilities were 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 December 31, 2016 Financial assets: Cash and cash equivalents $ 46,724 $ - $ - $ 46,724 $ 46,724 Securities available for sale 763 99,146 - 99,909 99,909 Securities held to maturity - 3,875 - 3,875 3,672 Investments in FHLB stock - - 2,829 2,829 2,829 Loans held for sale - 7,299 - 7,299 7,145 Loans receivable, net - - 595,305 595,305 597,038 Accrued interest receivable - - 2,328 2,328 2,328 Deferred compensation assets 1,426 - - 1,426 1,426 Financial liabilities: Demand deposits - - 516,125 516,125 516,125 Time deposits - - 130,397 130,397 131,498 Repurchase agreements - - 392 392 392 Federal Home Loan Bank Advances - - 50,717 50,717 50,000 Deferred compensation liabilities 1,430 - - 1,430 1,430 Accrued interest payable - - 120 120 120 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 years ended December 31, 2016 and December 31, 2015. (Dollars in thousands) Fair Value Measurement Using Description Level 1 Level 2 Level 3 Total Carrying Amount In Balance Sheets Assets/ Liabilities Measured At Fair Value December 31, 2016 Securities available for sale: U.S. GSE and agency securities $ - $ 2,089 $ - $ 2,089 $ 2,089 Asset-backed SBA securities - 4,413 - 4,413 4,413 Residential mortgage-backed securities issued by GSEs - 39,974 - 39,974 39,974 State and local government securities - 52,670 - 52,670 52,670 Mutual funds 763 - - 763 763 Total $ 763 $ 99,146 $ - $ 99,909 $ 99,909 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 Description Level 1 Level 2 Level 3 Total Carrying Amount In Balance Sheets (1) Assets/ Liabilities Measured At Fair Value (1) December 31, 2016 Impaired loans $ - $ - $ 595 $ 595 $ 595 Foreclosed properties - - 1,806 1,806 1,806 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 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: (Dollars in thousands) Fair Value (1) Valuation Technique Unobservable Input Discount Range (Weighted Average) December 31, 2016 Impaired loans $ 595 Discounted appraisals (2) Collateral discounts (3) 0%-36% (23 %) Foreclosed properties 1,806 Discounted appraisals (2) Collateral discounts (3) 0%-22% (6 %) 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.

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	12 Months Ended
	Dec. 31, 2016
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY [Abstract]
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY	14. CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY The following financial information pertains to ASB Bancorp, Inc. (parent company only), and should be read in conjunction with the consolidated financial statements of the Company. Condensed Balance Sheets December 31, (Dollars in thousands) 2016 2015 Assets Cash on deposit with bank subsidiary $ 857 $ 711 Interest-earning deposits with other financial institutions 1,443 1,040 Total cash and cash equivalents 2,300 1,751 ESOP loan receivable 3,054 3,342 Investment in bank subsidiary 85,811 84,122 Other assets 41 535 Total assets $ 91,206 $ 89,750 Liabilities and Shareholders’ Equity Other liabilities $ 69 $ 68 Total liabilities 69 68 Total shareholders’ equity 91,137 89,682 Total liabilities and shareholders’ equity $ 91,206 $ 89,750 Condensed Statements of Net Income Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Dividend distributions from bank subsidiary $ 3,910 $ 8,500 $ 5,000 Other interest and dividend income 115 125 150 Other noninterest income - - (5 ) Total income 4,025 8,625 5,145 Noninterest expenses 559 615 566 Total expenses 559 615 566 Income before income taxes and equity in income of bank subsidiary net of dividend distributions 3,466 8,010 4,579 Income tax benefit (151 ) (166 ) (143 ) Net income before equity in income of bank subsidiary net of dividend distributions 3,617 8,176 4,722 Equity in income of bank subsidiary net of dividend distributions (2,399 ) (4,601 ) (2,233 ) Net income $ 1,218 $ 3,575 $ 2,489 Condensed Statements of Cash Flows Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Operating Activities Net income $ 1,218 $ 3,575 $ 2,489 Adjustments to reconcile net income to net cash provided by operating activities: Equity in income of bank subsidiary net of dividend distributions 2,399 4,601 2,233 Net amortization of premiums on securities - - 32 Loss on sale of securities - - 5 Decrease (increase) in income tax receivable 507 (168 ) (144 ) Decrease in interest receivable - - 13 Net change in other assets and liabilities (12 ) 11 31 Net cash provided by operating activities 4,112 8,019 4,659 Investing Activities Securities available for sale: Proceeds from sales - - 3,755 Principal repayments on mortgage-backed and asset-backed securities - - 412 ESOP principal payments received 288 279 271 Net cash provided by investing activities 288 279 4,438 Financing Activities Proceeds from exercise of stock options 104 722 25 Proceeds from bank subsidiary for stock-based compensation expense 1,082 1,082 1,484 Common stock repurchased (5,037 ) (11,575 ) (12,902 ) Net cash used in financing activities (3,851 ) (9,771 ) (11,393 ) Net increase (decrease) in cash and cash equivalents 549 (1,473 ) (2,296 ) Cash and cash equivalents: Beginning of period 1,751 3,224 5,520 End of period $ 2,300 $ 1,751 $ 3,224 SUPPLEMENTAL DISCLOSURES: Non-cash investing and financing transactions: Change in unrealized gain on securities available for sale $ - $ - $ 28 Change in deferred income taxes resulting from other comprehensive income - - (11 )

UNAUDITED INTERIM FINANCIAL INF

UNAUDITED INTERIM FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2016
UNAUDITED INTERIM FINANCIAL INFORMATION [Abstract]
UNAUDITED INTERIM FINANCIAL INFORMATION	15. UNAUDITED INTERIM FINANCIAL INFORMATION The unaudited condensed statements of income (loss) for each of the quarters are summarized below for the periods indicated. Three Months Ended (Dollars in thousands except per share data) December 31, September 30, June 30, March 31, Interest and dividend income $ 6,934 $ 6,982 $ 6,755 $ 6,677 Interest expense 875 871 854 844 Net interest income 6,059 6,111 5,901 5,833 Provision for (recovery of) loan losses 137 (92 ) 104 399 Net interest income after provision for (recovery of) loan losses 5,922 6,203 5,797 5,434 Noninterest income 1,941 2,290 2,476 2,049 Noninterest expenses 13,191 5,861 5,637 5,761 Income (loss) before income tax provision (benefit) (5,328 ) 2,632 2,636 1,722 Income tax provision (benefit) (2,004 ) 907 940 601 Net income (loss) $ (3,324 ) $ 1,725 $ 1,696 $ 1,121 Net income (loss) per common share – Basic $ (0.97 ) $ 0.51 $ 0.47 $ 0.31 Net income (loss) per common share – Diluted $ (0.97 ) $ 0.48 $ 0.45 $ 0.30 Three Months Ended (Dollars in thousands except per share data) December 31, September 30, June 30, March 31, Interest and dividend income $ 6,533 $ 6,459 $ 6,289 $ 6,154 Interest expense 867 877 880 861 Net interest income 5,666 5,582 5,409 5,293 Provision for (recovery of) loan losses (89 ) 191 65 194 Net interest income after provision for (recovery of) loan losses 5,755 5,391 5,344 5,099 Noninterest income 1,847 2,084 1,968 1,610 Noninterest expenses 5,921 5,837 6,010 5,772 Income before income tax provision 1,681 1,638 1,302 937 Income tax provision 735 496 437 315 Net income $ 946 $ 1,142 $ 865 $ 622 Net income per common share – Basic $ 0.25 $ 0.29 $ 0.22 $ 0.16 Net income per common share – Diluted $ 0.24 $ 0.28 $ 0.21 $ 0.16

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Organization	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. The Bank is regulated by the Office of the North Carolina Commissioner of Banks (“NCCoB”) and the Federal Deposit Insurance Corporation (“FDIC”). The Company is regulated by the Board of Governors of the Federal Reserve System (the “FRB”) and the NCCoB.
Principles of Consolidation	Principles of Consolidation
Use of Estimates	Use of Estimates
Cash and Cash Equivalents	Cash and Cash Equivalents
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 issues, (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.
Investments Held at Cost	Investments Held at Cost
Loans	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 Commercial Mortgage and Commercial and Industrial 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 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
Loans Held for Sale	Loans Held for Sale
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 TDR’s 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. F oreclosed Real Estate and Repossessed Assets
Premises and Equipment	Premises and Equipment Depreciation of premises and equipment is provided over the estimated useful lives of the related assets on the straight-line method for financial statement purposes and on a combination of straight-line and accelerated methods for income tax purposes. Estimated lives are 10 to 40 years for buildings and building components; 5 to 10 years for furniture, fixtures and equipment; 3 years for computers; and leasehold improvements are over the lease term. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In performing the review for recoverability, the Bank estimates the future cash flows expected to result from the use of the asset and its eventual disposition, and recognizes an impairment loss if the expected future cash flows are less than the carrying amount of the asset.
Deferred Loan Fees	Deferred Loan Fees Commitment fees to originate or purchase loans are deferred and, if the commitment is exercised, recognized over the life of the loan as an adjustment of yield. If the commitment expires unexercised, commitment fees are recognized in income upon expiration of the commitment.
Bank Owned Life Insurance	Bank Owned Life Insurance
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 Year Ended December 31, 2016 Unrealized gain (loss) on securities $ 265 $ (1,075 ) $ (837 ) $ (1,912 ) $ (1,647 ) Benefit plan liability (5,326 ) 611 4,497 5,108 (218 ) Accumulated other comprehensive income (loss), net of tax $ (5,061 ) $ (464 ) $ 3,660 $ 3,196 $ (1,865 ) Year Ended December 31, 2015 Unrealized gain on securities $ 124 $ 502 $ (361 ) $ 141 $ 265 Benefit plan liability (5,926 ) 1,101 (501 ) 600 (5,326 ) Accumulated other comprehensive income (loss), net of tax $ (5,802 ) $ 1,603 $ (862 ) $ 741 $ (5,061 ) Year Ended December 31, 2014 Unrealized gain (loss) on securities $ (2,952 ) $ 3,208 $ (132 ) $ 3,076 $ 124 Benefit plan liability (4,421 ) (1,143 ) (362 ) (1,505 ) (5,926 ) Accumulated other comprehensive income (loss), net of tax $ (7,373 ) $ 2,065 $ (494 ) $ 1,571 $ (5,802 ) 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 Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Reclassification of securities gains recognized in net income $ (1,321 ) $ (575 ) $ (211 ) Gain on sale of investment securities Deferred income tax expense 484 214 79 Income tax provision Total reclassifications for the period $ (837 ) $ (361 ) $ (132 ) Net of tax Amortization of defined benefit pension items: Net loss $ (510 ) $ - $ - Settlement expense 7,607 - - Net periodic pension (cost) benefit 7,097 (799 ) (565 ) Salaries and employee benefits Deferred income tax (benefit) expense (2,600 ) 298 203 Income tax provision Total reclassifications for the period $ 4,497 $ (501 ) $ (362 ) Net of tax
Income Taxes	Income Taxes 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’s loss carry forward period under applicable North Carolina income tax laws is 15 years with a remaining loss carry forward period of 12 years. The Bank includes interest and penalties related to income tax liabilities in noninterest expense. The Bank’s tax filings for the years 2013 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”) 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 Company to the ESOP, the loan receivable by the Company 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 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: Year Ended December 31, (Dollars in thousands, except per share data) 2016 2015 2014 Numerator: Net income $ 1,218 $ 3,575 $ 2,489 Denominator: Weighted average common shares outstanding 3,888,809 4,339,806 4,687,699 Less: Weighted average unvested restricted shares (85,249 ) (125,555 ) (176,046 ) Less: Weighted average unallocated ESOP shares (298,173 ) (329,560 ) (360,947 ) Weighted average common shares used to compute net income per common share – Basic 3,505,387 3,884,691 4,150,706 Add: Effect of dilutive securities 154,188 119,694 46,983 Weighted average common shares used to compute net income per common share – Diluted 3,659,575 4,004,385 4,197,689 Net income per common share – Basic $ 0.35 $ 0.92 $ 0.60 Net income per common share – Diluted $ 0.33 $ 0.89 $ 0.59 For the year ended December 31, 2016, there were no options to purchase shares of common stock and there were no restricted stock shares excluded from the computation of net income per common share because their effect would be anti-dilutive. For the year ended December 31, 2015, options to purchase 2,274 shares of common stock were excluded from the computation of net income per common share because their effect would be anti-dilutive, and there were no restricted stock shares excluded from the computation of net income per common share. For the year ended December 31, 2014, options to purchase 7,727 shares of common stock and 273 restricted stock shares were excluded from the computation of net income per common share because their effect would be anti-dilutive.
Reclassifications	Reclassifications
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Update ASU 2016-01 Recognition and Measurement of Financial Assets and Financial Liabilities, Accounting Standards Update ASU 2016-02 Leases Accounting Standards Update ASU 2016-09 Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, Accounting Standards Update ASU 2016-13 Measurement of Credit Losses on Financial Instruments (Topic 326), Accounting Standards Update ASU 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, Accounting Standards Update ASU 2016-20 Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date,

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 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 Year Ended December 31, 2016 Unrealized gain (loss) on securities $ 265 $ (1,075 ) $ (837 ) $ (1,912 ) $ (1,647 ) Benefit plan liability (5,326 ) 611 4,497 5,108 (218 ) Accumulated other comprehensive income (loss), net of tax $ (5,061 ) $ (464 ) $ 3,660 $ 3,196 $ (1,865 ) Year Ended December 31, 2015 Unrealized gain on securities $ 124 $ 502 $ (361 ) $ 141 $ 265 Benefit plan liability (5,926 ) 1,101 (501 ) 600 (5,326 ) Accumulated other comprehensive income (loss), net of tax $ (5,802 ) $ 1,603 $ (862 ) $ 741 $ (5,061 ) Year Ended December 31, 2014 Unrealized gain (loss) on securities $ (2,952 ) $ 3,208 $ (132 ) $ 3,076 $ 124 Benefit plan liability (4,421 ) (1,143 ) (362 ) (1,505 ) (5,926 ) Accumulated other comprehensive income (loss), net of tax $ (7,373 ) $ 2,065 $ (494 ) $ 1,571 $ (5,802 )
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 Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Reclassification of securities gains recognized in net income $ (1,321 ) $ (575 ) $ (211 ) Gain on sale of investment securities Deferred income tax expense 484 214 79 Income tax provision Total reclassifications for the period $ (837 ) $ (361 ) $ (132 ) Net of tax Amortization of defined benefit pension items: Net loss $ (510 ) $ - $ - Settlement expense 7,607 - - Net periodic pension (cost) benefit 7,097 (799 ) (565 ) Salaries and employee benefits Deferred income tax (benefit) expense (2,600 ) 298 203 Income tax provision Total reclassifications for the period $ 4,497 $ (501 ) $ (362 ) Net of tax
Net Income Per Common Share	Net income per common share has been computed based on the following: Year Ended December 31, (Dollars in thousands, except per share data) 2016 2015 2014 Numerator: Net income $ 1,218 $ 3,575 $ 2,489 Denominator: Weighted average common shares outstanding 3,888,809 4,339,806 4,687,699 Less: Weighted average unvested restricted shares (85,249 ) (125,555 ) (176,046 ) Less: Weighted average unallocated ESOP shares (298,173 ) (329,560 ) (360,947 ) Weighted average common shares used to compute net income per common share – Basic 3,505,387 3,884,691 4,150,706 Add: Effect of dilutive securities 154,188 119,694 46,983 Weighted average common shares used to compute net income per common share – Diluted 3,659,575 4,004,385 4,197,689 Net income per common share – Basic $ 0.35 $ 0.92 $ 0.60 Net income per common share – Diluted $ 0.33 $ 0.89 $ 0.59

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2016
INVESTMENT SECURITIES [Abstract]
Securities Available for Sale	Securities Available for Sale Type And Maturity Group (Dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value December 31, 2016 U.S. Government Sponsored Entity (GSE) and agency securities due - Within 1 year $ 1,011 $ - $ - $ 1,011 After 1 year but within 5 years 1,085 - (7 ) $ 1,078 Asset-backed securities issued by the Small Business Administration (SBA) 4,407 17 (11 ) 4,413 Residential mortgage-backed securities issued by GSEs (1) 40,619 88 (733 ) 39,974 State and local government securities due - After 10 years 54,583 54 (1,967 ) 52,670 Mutual funds 777 - (14 ) 763 Total $ 102,482 $ 159 $ (2,732 ) $ 99,909 December 31, 2015 U.S. Government Sponsored Entity (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 entities 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, 2016 and December 31, 2015 or during the periods then ended.
Securities Held to Maturity	Securities Held to Maturity Type And Maturity Group (Dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value December 31, 2016 U.S. GSE and agency securities due - Within 1 year $ 1,009 $ 18 $ - $ 1,027 Residential mortgage-backed securities issued by GSEs (1) 223 17 - 240 State and local government securities due - After 5 years but within 10 years 2,440 168 - 2,608 Total $ 3,672 $ 203 $ - $ 3,875 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 entities 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, 2016 and December 31, 2015 or during the periods 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 December 31, 2016 and December 31, 2015. The total number of securities with unrealized losses at December 31, 2016 and December 31, 2015 were 56 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 ability and intent to hold securities with unrealized losses until a recovery of the market value occurs. Management intends to manage the Company’s liquidity so as to minimize the need to sell securities with unrealized losses prior to a recovery of market value sufficient to negate the unrealized loss. The key factors considered in evaluating the mortgaged-backed and municipal securities were cash flows of the investment and the assessment of other relative economic factors, such as credit risk. In addition to the effects of higher market interest rates, the security fair values are also affected by shifts in the demand to U.S. Treasury and governmental agency bonds from non-governmental securities and municipal bonds due to market concerns. None of the unrealized losses relate to the marketability of the securities or the issuer’s ability to honor redemption obligations. Management has analyzed the creditworthiness of the underlying issuers and determined it is more likely than not that the Company will collect the contractual cash flows, therefore impairment is considered to be temporary. (Dollars in thousands) December 31, 2016 Less Than 12 Months 12 Months Or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities Available For Sale: US GSE and agency $ 2,088 $ (7 ) $ - $ - $ 2,088 $ (7 ) Asset-backed SBA 1,647 (3 ) 1,049 (8 ) 2,696 (11 ) Residential mortgage-backed GSE (1) 15,274 (549 ) 18,352 (184 ) 33,626 (733 ) State and local government 46,333 (1,967 ) - - 46,333 (1,967 ) Mutual funds 776 (14 ) - - 776 (14 ) Total temporarily impaired securities $ 66,118 $ (2,540 ) $ 19,401 $ (192 ) $ 85,519 $ (2,732 ) (1) Residential mortgage-backed securities were issued by United States government sponsored entities 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, 2016 and December 31, 2015 or during the periods 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 entities 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, 2016 and December 31, 2015 or during the periods then ended.
Investment Securities Pledged as Collateral	The fair value of investment securities pledged as collateral follows: December 31, (Dollars in thousands) 2016 2015 Pledged to Federal Reserve Discount Window $ 8,264 $ 14,533 Pledged to repurchase agreements for commercial customers 840 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 follow: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Interest income from taxable securities $ 796 $ 1,010 $ 1,447 Interest income from tax-exempt securities 1,467 1,401 1,199 Total interest income from securities $ 2,263 $ 2,411 $ 2,646
Proceeds and Realized Gains and Losses from Sales of Securities Recognized in Net Income	Gross proceeds and gross realized gains from sales of securities recognized in net income follow: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Proceeds from sales of securities $ 57,773 $ 69,086 $ 55,821 Gross realized gains from sales of securities 1,365 841 603 Gross realized losses from sales of securities (44 ) (266 ) (392 )

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2016
LOANS RECEIVABLE [Abstract]
Loans Receivable by Segment and Class	The composition of loans receivable by segment and class follow: December 31, (Dollars in thousands) 2016 2015 Commercial: Commercial construction and land development $ 27,813 $ 38,313 Commercial mortgage 241,125 209,397 Commercial and industrial 23,819 22,878 Total commercial 292,757 270,588 Non-commercial: Non-commercial construction and land development 20,801 16,587 Residential mortgage 200,590 186,839 Revolving mortgage 66,870 66,258 Consumer 22,805 36,291 Total non-commercial 311,066 305,975 Total loans receivable 603,823 576,563 Less: Deferred loan fees (241 ) (476 ) Total loans receivable net of deferred loan fees 603,582 576,087 Less: Allowance for loan losses (6,544 ) (6,289 ) Loans receivable, net $ 597,038 $ 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 December 31, 2016 Commercial: Commercial construction and land development $ 27,677 $ 136 $ - $ - $ - $ 27,813 Commercial mortgage 229,571 10,954 600 - - 241,125 Commercial and industrial 22,872 735 212 - - 23,819 Total commercial 280,120 11,825 812 - - 292,757 Non-commercial: Non-commercial construction and land development 20,801 - - - - 20,801 Residential mortgage 193,235 6,200 1,155 - - 200,590 Revolving mortgage 63,479 2,829 562 - - 66,870 Consumer 22,360 393 52 - - 22,805 Total non-commercial 299,875 9,422 1,769 - - 311,066 Total loans receivable $ 579,995 $ 21,247 $ 2,581 $ - $ - $ 603,823 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 Total Current Total December 31, 2016 Commercial: Commercial construction and land development $ - $ - $ - $ 27,813 $ 27,813 Commercial mortgage - - - 241,125 241,125 Commercial and industrial - 63 63 23,756 23,819 Total commercial - 63 63 292,694 292,757 Non-commercial: Non-commercial construction and land development - - - 20,801 20,801 Residential mortgage 293 626 919 199,671 200,590 Revolving mortgage 156 240 396 66,474 66,870 Consumer 250 - 250 22,555 22,805 Total non-commercial 699 866 1,565 309,501 311,066 Total loans receivable $ 699 $ 929 $ 1,628 $ 602,195 $ 603,823 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 Still 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 follow: December 31, 2016 December 31, 2015 (Dollars in thousands) Nonaccruing Past Due 90 Days Or More And Still Nonaccruing Past Due 90 Days Or More And Still Commercial: Commercial mortgage $ - $ - $ 818 $ - Commercial and industrial 63 - 227 - Total commercial 63 - 1,045 - Non-commercial: Residential mortgage 626 - 1,309 - Revolving mortgage 323 - 194 - Consumer - - - - Total non-commercial 949 - 1,503 - Total loans receivable $ 1,012 $ - $ 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: December 31, (Dollars in thousands) 2016 2015 At beginning of period $ 3,530 $ 4,022 New loans 191 718 Repayments of loans (365 ) (1,210 ) At end of period $ 3,356 $ 3,530

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2016
ALLOWANCE FOR LOAN LOSSES [Abstract]
Allowance for Loan Losses by Segment	An analysis of the allowance for loan losses by segment follows: (Dollars in thousands) Commercial Non- Commercial Total Year Ended December 31, 2016 Balance at beginning of period $ 3,710 $ 2,579 $ 6,289 Provision for loan losses 471 77 548 Charge-offs (231 ) (147 ) (378 ) Recoveries 18 67 85 Balance at end of period $ 3,968 $ 2,576 $ 6,544 Year Ended December 31, 2015 Balance at beginning of period $ 3,409 $ 2,540 $ 5,949 Provision for loan losses 157 204 361 Charge-offs (80 ) (396 ) (476 ) Recoveries 224 231 455 Balance at end of period $ 3,710 $ 2,579 $ 6,289 Year Ended December 31, 2014 Balance at beginning of period $ 4,560 $ 2,747 $ 7,307 Provision for (recovery of) loan losses (1,080 ) 82 (998 ) Charge-offs (95 ) (409 ) (504 ) Recoveries 24 120 144 Balance at end of period $ 3,409 $ 2,540 $ 5,949
Ending Balances of Loans and Related Allowance	The ending balances of loans and the related allowance, by segment and class, follows: 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 December 31, 2016 Commercial: Commercial construction and land development $ - $ 295 $ 295 $ - $ 27,813 $ 27,813 Commercial mortgage 8 3,338 3,346 2,894 238,231 241,125 Commercial and industrial 6 321 327 212 23,607 23,819 Total commercial 14 3,954 3,968 3,106 289,651 292,757 Non-commercial: Non-commercial construction and land development - 177 177 - 20,801 20,801 Residential mortgage 22 1,309 1,331 2,172 198,418 200,590 Revolving mortgage 83 767 850 241 66,629 66,870 Consumer - 218 218 - 22,805 22,805 Total non-commercial 105 2,471 2,576 2,413 308,653 311,066 Total loans receivable $ 119 $ 6,425 $ 6,544 $ 5,519 $ 598,304 $ 603,823 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, follows: Recorded Investment (Dollars in thousands) Unpaid With A With No Total Related December 31, 2016 Commercial: Commercial mortgage $ 2,894 $ 2,894 $ - $ 2,894 $ 8 Commercial and industrial 697 149 63 212 6 Total commercial 3,591 3,043 63 3,106 14 Non-commercial: Residential mortgage 2,089 583 1,589 2,172 22 Revolving mortgage 255 83 158 241 83 Total non-commercial 2,344 666 1,747 2,413 105 Total impaired loans $ 5,935 $ 3,709 $ 1,810 $ 5,519 $ 119 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: Year Ended December 31, 2016 2015 2014 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial: Commercial construction and land development $ 72 $ - $ - $ - $ 23 $ 1 Commercial mortgage 3,269 293 3,879 131 4,056 148 Commercial and industrial 221 18 294 1 302 7 Total commercial 3,562 311 4,173 132 4,381 156 Non-commercial: Residential mortgage 2,768 61 3,116 77 3,039 71 Revolving mortgage 105 2 226 1 319 5 Total non-commercial 2,873 63 3,342 78 3,358 76 Total loans receivable $ 6,435 $ 374 $ 7,515 $ 210 $ 7,739 $ 232
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. The Bank did not restructure any loans during the year ending December 31, 2016. The payment terms on one loan was extended during the year ended December 31, 2015, and the Bank reduced the interest rate below market levels on two loans during the year ended December 31, 2015. Year Ended December 31, 2016 Year Ended December 31, 2015 (Dollars in thousands) Number Pre- Post- Number Pre- Post- Below market interest rate: Commercial: Commercial and industrial - $ - $ - 1 $ 153 $ 153 Total commercial - - - 1 153 153 Non-commercial: Residential mortgage - - - 1 45 45 Total non-commercial - - - 1 45 45 Total - $ - $ - 2 $ 198 $ 198 Extended payment terms: Non-commercial: Residential mortgage - $ - $ - 1 $ 29 $ 42 Total non-commercial - - - 1 29 42 Total - $ - $ - 1 $ 29 $ 42 Total - $ - $ - 3 $ 227 $ 240
Loans Considered to be TDRs	The Bank’s loans that were considered to be troubled debt restructurings follow: December 31, (Dollars in thousands) 2016 2015 Nonperforming restructured loans $ 13 $ 979 Performing restructured loans 4,543 4,552 Total $ 4,556 $ 5,531

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2016
PREMISES AND EQUIPMENT [Abstract]
Summary of Bank Premises and Equipment, and Related Depreciation Expense	A summary of Bank premises and equipment, and related depreciation expense, follows: December 31, (Dollars in thousands) 2016 2015 Land $ 3,395 $ 3,395 Office buildings and improvements 15,553 15,552 Furniture, fixtures, equipment and auto 7,116 7,192 Total 26,064 26,139 Less - accumulated depreciation (14,942 ) (14,523 ) Premises and equipment, net $ 11,122 $ 11,616 Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Depreciation expense $ 780 $ 816 $ 914

DEPOSIT ACCOUNTS (Tables)

DEPOSIT ACCOUNTS (Tables)	12 Months Ended
	Dec. 31, 2016
DEPOSIT ACCOUNTS [Abstract]
Bank's Deposit Accounts	The Bank’s deposit accounts are summarized as follows: December 31, (Dollars in thousands) 2016 2015 Noninterest-bearing demand accounts $ 123,999 $ 113,745 NOW accounts 163,132 163,005 Money market accounts 169,612 170,921 Savings accounts 59,382 47,957 Certificate accounts 131,498 135,276 Total deposits $ 647,623 $ 630,904
Maturities of Certificate of Deposit Accounts	The scheduled maturities of certificate of deposit accounts follow: December 31, (Dollars in thousands) 2016 2015 2016 $ - $ 76,188 2017 63,251 32,500 2018 49,359 20,818 2019 10,193 2,903 2020 5,023 2,854 2021 3,672 13 Total $ 131,498 $ 135,276 Additional certificate of deposit information: (Amounts included in the preceding tables) Aggregate certificate of deposit accounts of $250,000 or more $ 10,616 $ 9,413 Brokered certificate of deposit accounts $ 26,554 $ 20,506

OVERNIGHT AND SHORT-TERM BORR30

OVERNIGHT AND SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2016
OVERNIGHT AND SHORT-TERM BORROWINGS [ABSTRACT]
Overnight and Short-Term Borrowings	Overnight and short-term borrowings follow: December 31, (Dollars in thousands) 2016 2015 Securities sold under agreements to repurchase $ 392 $ 327 Total available credit under federal funds borrowing agreements $ 73,351 $ 79,306

ADVANCES FROM THE FEDERAL HOM31

ADVANCES FROM THE FEDERAL HOME LOAN BANK (Tables)	12 Months Ended
	Dec. 31, 2016
ADVANCES FROM THE FEDERAL HOME LOAN BANK [Abstract]
Maturities, Conversion Dates, and Interest Rates on Outstanding FHLB of Atlanta Advances	Maturities, conversion dates, and interest rates on outstanding FHLB of Atlanta advances follow: (Dollars in thousands) Date Convertible By Interest December 31, Maturity Date FHLB To Variable Rate Rate 2016 2015 March 13, 2017 n/a 4.09 % $ 10,000 $ 10,000 March 13, 2017 n/a 4.20 % 10,000 10,000 March 20, 2017 n/a 3.99 % 10,000 10,000 September 11, 2017 March 13, 2017 (1) 3.45 % 10,000 10,000 September 17, 2018 n/a 3.65 % 10,000 10,000 Total FHLB advances $ 50,000 $ 50,000 (1) FHLB has the option to convert the advance to a variable rate each quarter until maturity.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
INCOME TAXES [Abstract]
Components of Income Tax Provision	Components of the income tax provision follows: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Current: Federal $ 1,300 $ 1,464 $ 100 State 170 172 - Total current expense 1,470 1,636 100 Deferred: Federal (973 ) 210 1,120 State (53 ) 137 40 Total deferred expense (benefit) (1,026 ) 347 1,160 Total income tax provision $ 444 $ 1,983 $ 1,260 Increases (decreases) in deferred tax assets (liabilities) allocated to other comprehensive income related to: Unrealized (gains) losses on securities available for sale $ 1,079 $ (81 ) $ (1,852 ) Qualified and non-qualified pension plan liability adjustments (2,958 ) (444 ) 859 Total $ (1,879 ) $ (525 ) $ (993 )
Deferred Income Tax Assets and Liabilities	The approximate tax effects of each type of temporary difference that gave rise to the Bank’s deferred income tax assets and liabilities follows: December 31, (Dollars in thousands) 2016 2015 Deferred tax assets relating to: Deferred loan fees $ 87 $ 174 Deferred compensation 515 500 Non-accrual interest, book versus tax 38 32 Accrued vacation 175 177 Allowance for loan losses 2,354 2,304 Nonqualified pension plan liability 334 335 Unrealized pension liability 122 3,080 Equity incentive plans 548 482 Loss reserve on foreclosed real estate 226 230 Deferred gain on sale of foreclosed real estate 4 4 Unrealized loss on securities available for sale 926 - Other 244 239 Total deferred tax assets 5,573 7,557 Deferred tax liabilities relating to: Original issue discount - loan fees (743 ) (680 ) Property (14 ) (62 ) Pension liabilities and prepayments - (997 ) FHLB stock (710 ) (723 ) Unrealized gain on securities available for sale - (153 ) Other (243 ) (226 ) Total deferred tax liabilities (1,710 ) (2,841 ) Net recorded deferred tax assets $ 3,863 $ 4,716
Income Taxes Computed by Applying Federal Statutory Income Tax Rate	Income taxes computed by applying the federal statutory income tax rate of 34% to income before income taxes differs from the actual income tax provision because of the following: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Income tax provision at statutory rate $ 565 $ 1,890 $ 1,275 Increase (decrease) in income taxes resulting from: Tax exempt interest income, net of disallowed interest expense (380 ) (314 ) (408 ) Bank owned life insurance cash surrender value (64 ) - - State taxes, net of federal effect 54 181 158 Deferred tax revaluation from reduction in state tax rate 35 35 40 ESOP fair market value adjustment 163 125 96 Incentive stock options 67 67 103 Other, net 4 (1 ) (4 ) Total $ 444 $ 1,983 $ 1,260

REGULATORY CAPITAL REQUIREMEN33

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
REGULATORY CAPITAL REQUIREMENTS [Abstract]
Actual and Required Regulatory Capital Amounts	The following tables set forth actual and required regulatory capital amounts as of the periods indicated: Regulatory Requirements Actual Minimum For Capital Minimum To Be (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio ASB Bancorp, Inc. December 31, 2016 Common equity Tier I capital $ 92,996 15.54 % $ 26,934 4.50 % $ 38,905 6.50 % Tier I leverage capital 92,996 11.58 % 32,111 4.00 % 40,139 5.00 % Tier I risk-based capital 92,996 15.54 % 35,913 6.00 % 47,884 8.00 % Total risk-based capital 99,540 16.63 % 47,884 8.00 % 59,854 10.00 % December 31, 2015 Common equity Tier I capital $ 94,743 16.66 % $ 25,587 4.50 % $ 36,960 6.50 % Tier I leverage capital 94,743 11.87 % 31,935 4.00 % 39,919 5.00 % Tier I risk-based capital 94,743 16.66 % 34,117 6.00 % 45,489 8.00 % Total risk-based capital 101,032 17.77 % 45,489 8.00 % 56,861 10.00 % Asheville Savings Bank, S.S.B. December 31, 2016 Common equity Tier I capital $ 87,670 14.65 % $ 26,924 4.50 % $ 38,890 6.50 % Tier I leverage capital 87,670 10.94 % 32,067 4.00 % 40,084 5.00 % Tier I risk-based capital 87,670 14.65 % 35,899 6.00 % 47,865 8.00 % Total risk-based capital 94,214 15.75 % 47,865 8.00 % 59,832 10.00 % NC Savings Bank capital 94,214 11.86 % 39,731 5.00 % n/a n/a December 31, 2015 Common equity Tier I capital $ 89,183 15.70 % $ 25,563 4.50 % $ 36,925 6.50 % Tier I leverage capital 89,183 11.20 % 31,848 4.00 % 39,810 5.00 % Tier I risk-based capital 89,183 15.70 % 34,084 6.00 % 45,446 8.00 % Total risk-based capital 95,472 16.81 % 45,446 8.00 % 56,807 10.00 % NC Savings Bank capital 95,472 12.21 % 39,087 5.00 % n/a n/a
Reconciliation of Equity and Regulatory Capital Amounts	A reconciliation of GAAP equity and regulatory capital amounts follows: ASB Bancorp, Inc. Asheville Savings Bank, S.S.B. (Dollars in thousands) 2016 2015 2016 2015 Total GAAP equity $ 91,137 $ 89,682 $ 85,811 $ 84,122 Accumulated other comprehensive income, net of tax 1,865 5,061 1,865 5,061 Disallowed portion of net unrealized loss on available for sale equity securities (6 ) - (6 ) - Tier I capital 92,996 94,743 87,670 89,183 Allowable portion of allowance for loan losses 6,544 6,289 6,544 6,289 Total risk-based capital $ 99,540 $ 101,032 94,214 95,472 Disallowed portion of allowance for loan losses n/a n/a - - NC Savings Bank capital n/a n/a $ 94,214 $ 95,472

BENEFIT PLANS (Tables)

BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2016
BENEFIT PLANS [Abstract]
Status of Qualified and Non-Qualified Plans	The following tables set forth the status of both the Qualified and the Non-Qualified Pension Plans using measurement dates of December 31, 2016 and 2015: Non-Qualified Qualified (Dollars in thousands) 2016 2015 2016 2015 Change In Benefit Obligation: Projected benefit obligation at beginning of year $ 1,311 $ 1,397 $ 21,389 $ 23,764 Interest cost 56 55 805 991 Actuarial loss (gain) (17 ) (71 ) 711 (1,707 ) Benefits paid (70 ) (70 ) (22,905 ) (1,659 ) Projected benefit obligation at end of year $ 1,280 $ 1,311 $ - $ 21,389 Change In Plan Assets: Fair value of plan assets at beginning of year $ - $ - $ 16,109 $ 18,353 Actual return (loss) on plan assets - - 1,331 (585 ) Employer contribution 70 70 5,465 - Benefits paid (70 ) (70 ) (22,905 ) (1,659 ) Fair value of plan assets at end of year $ - $ - $ - $ 16,109 Non-Qualified Qualified (Dollars in thousands) 2016 2015 2016 2015 Net Amount Recognized: Funded status $ (1,280 ) $ (1,311 ) $ - $ (5,281 ) Unrecognized net actuarial loss 341 404 - 8,003 Net amount recognized $ (939 ) $ (907 ) $ - $ 2,722 Amounts Recognized In Balance Sheets: Pension obligation $ (1,280 ) $ (1,311 ) $ - $ (5,281 ) Amounts Recognized In Accumulated Other Comprehensive Loss: Net actuarial loss $ 341 $ 404 $ - $ 8,003 Accumulated other comprehensive loss $ 341 $ 404 $ - $ 8,003 Expected To Be Amortized From Accumulated Other Comprehensive Loss Over Next Twelve Months: Net actuarial loss $ 142 $ 46 $ - $ 666
Net Periodic Benefit Cost Related to Defined Benefit Plans	Net periodic benefit cost related to defined benefit plans included the following components for the periods indicated: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Non-Qualified Defined Benefit Plan Components of Net Periodic Benefit Costs: Interest cost $ 56 $ 55 $ 56 Amortization of net loss 46 57 29 Net periodic benefit cost $ 102 $ 112 $ 85 Qualified Defined Benefit Plan Components of Net Periodic Benefit Costs: Interest cost $ 805 $ 991 $ 990 Expected return on plan assets (689 ) (946 ) (975 ) Amortization of net loss 464 742 536 Settlement expense 7,607 - - Net periodic benefit cost $ 8,187 $ 787 $ 551 Non-Qualified Qualified (Dollars in thousands) 2016 2015 2016 2015 Additional Information: Accumulated benefit obligation $ 1,280 $ 1,311 $ - $ 21,389 Increase in minimum liability included in other comprehensive income $ - $ - $ - $ -
Assumptions Used in Accounting for Defined Benefit Plans	Assumptions used in accounting for the defined benefit plans follow: Non-Qualified Qualified 2016 2015 2016 2015 Weighted Average Assumptions Used to Determine Benefit Obligations at Year-End: Discount rate 1.78 % 4.40 % n/a 4.63 % Expected long-term return on plan assets n/a n/a n/a 5.28 % Weighted Average Assumptions Used to Determine Net Period Benefit Cost for The Year: Discount rate 4.40 % 4.06 % 4.63 % 4.25 % Expected long-term return on plan assets n/a n/a 5.28 % 5.28 % Rate of compensation increase n/a n/a n/a n/a
Allocation of Plan Assets	Qualified 2016 2015 Asset Allocation: Actual Percentage of Plan Assets: Equity securities - 20 % Debt securities - 75 % Cash and equivalents - 5 % Total - 100 % Target Allocation: Equity securities - 20 % Debt securities - 80 % Total - 100 %
Expected Future Benefit Payments	The following benefit payments reflecting expected future service are expected to be paid as follows: (Dollars in thousands) Non- Qualified Fiscal Year Ending December 31, 2017 $ 1,295 n/a
Matching Contributions to Defined Contribution Plan	Matching contributions to the Bank’s defined contribution plan under Section 401(k) of the Internal Revenue Code were as follows for the periods indicated: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Contributions to defined contribution plan $ 236 $ 228 $ 215
Remaining Principal Balance on Employee Stock Ownership Plan Debt	At December 31, 2016, the remaining principal balance on the ESOP debt is payable as follows: (Dollars in thousands) Amount Principal amounts due on December 31, 2017 $ 298 2018 307 2019 317 2020 327 2021 338 Thereafter 1,467 Total $ 3,054
Employee Stock Ownership Plan	Shares held by the ESOP include the following: December 31, (Dollars in thousands) 2016 2015 Allocated ESOP shares, beginning of year 118,694 98,624 ESOP shares committed to be released during the year 31,387 31,387 ESOP shares withdrawn during the year (8,371 ) (11,317 ) Unallocated ESOP shares 282,479 313,866 Total ESOP shares, end of year 424,189 432,560 Fair value of unallocated ESOP shares $ 8,404 $ 8,147
Total Expense Recognized in Connection with Employee Stock Ownership Plan	Total expense recognized in connection with the ESOP was as follows: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 ESOP expense $ 792 $ 682 $ 597
Restricted Stock Award Activity	The table below presents restricted stock award activity for the years ended December 31, 2016, 2015 and 2014. Restricted Weighted Unvested restricted shares at December 31, 2013 223,382 $ 15.71 Granted 3,600 17.51 Vested (61,476 ) 15.71 Forfeited (3,600 ) 15.71 Unvested restricted shares at December 31, 2014 161,906 15.75 Vested (40,296 ) 15.74 Unvested restricted shares at December 31, 2015 121,610 15.75 Vested (40,297 ) 15.74 Unvested restricted shares at December 31, 2016 81,313 $ 15.76
Stock Option Activity	The table below presents stock option award activity for the years ended December 31, 2016, 2015 and 2014. (Dollars in thousands, Stock Stock Weighted Remaining Aggregate Outstanding at December 31, 2013 99,455 459,000 $ 15.71 9.10 $ 706 Granted (45,500 ) 45,500 18.85 Exercised - (1,600 ) 15.71 Forfeited 6,400 (6,400 ) 15.71 Outstanding at December 31, 2014 60,355 496,500 16.00 7.61 $ 2,731 Exercised - (46,000 ) 15.71 Outstanding at December 31, 2015 60,355 450,500 16.03 7.24 $ 4,473 Exercised - (6,600 ) 15.71 Outstanding at December 31, 2016 60,355 443,900 $ 16.04 6.24 $ 6,089 Options exercisable at December 31, 2016 252,600 $ 15.93 6.20 $ 3,489
Assumptions Used in Determining Fair Value of Options Granted	The following table illustrates the weighted-average assumptions for the Black-Scholes model used in determining the fair value of options granted to directors and officers in the year ended December 31, 2014. There were 6,600 stock options exercised during 2016 and 46,000 stock options exercised during 2015. There were no stock options granted or forfeited in 2016 or 2015. Year Ended December 31, Fair value per option award $ 6.00 Expected life in years 6.5 years Expected stock price volatility 26.89% Expected dividend yield 0.00% Risk-free interest rate 2.05% Expected forfeiture rate 4.91%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 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: December 31, (Dollars in thousands) 2016 2015 Financial instruments whose contract amounts represent credit risk: Commitments to extend or originate credit $ 190,213 $ 171,339 Commitments under standby letters of credit 604 120 Total $ 190,817 $ 171,459
Future Minimum Lease Payments	Future minimum lease payments under these leases are as follows: (Dollars in thousands) December 31, 2016 2017 $ 281 2018 239 2019 239 2020 239 2021 239 Thereafter 386 Total $ 1,623
Rental Expense Related to Operating Leases	Total rental expense related to operating leases follows: Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Rental expense $ 362 $ 362 $ 362

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2016 Financial assets: Cash and cash equivalents $ 46,724 $ - $ - $ 46,724 $ 46,724 Securities available for sale 763 99,146 - 99,909 99,909 Securities held to maturity - 3,875 - 3,875 3,672 Investments in FHLB stock - - 2,829 2,829 2,829 Loans held for sale - 7,299 - 7,299 7,145 Loans receivable, net - - 595,305 595,305 597,038 Accrued interest receivable - - 2,328 2,328 2,328 Deferred compensation assets 1,426 - - 1,426 1,426 Financial liabilities: Demand deposits - - 516,125 516,125 516,125 Time deposits - - 130,397 130,397 131,498 Repurchase agreements - - 392 392 392 Federal Home Loan Bank Advances - - 50,717 50,717 50,000 Deferred compensation liabilities 1,430 - - 1,430 1,430 Accrued interest payable - - 120 120 120 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 years ended December 31, 2016 and December 31, 2015. (Dollars in thousands) Fair Value Measurement Using Description Level 1 Level 2 Level 3 Total Carrying Amount In Balance Sheets Assets/ Liabilities Measured At Fair Value December 31, 2016 Securities available for sale: U.S. GSE and agency securities $ - $ 2,089 $ - $ 2,089 $ 2,089 Asset-backed SBA securities - 4,413 - 4,413 4,413 Residential mortgage-backed securities issued by GSEs - 39,974 - 39,974 39,974 State and local government securities - 52,670 - 52,670 52,670 Mutual funds 763 - - 763 763 Total $ 763 $ 99,146 $ - $ 99,909 $ 99,909 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 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 Description Level 1 Level 2 Level 3 Total Carrying Amount In Balance Sheets (1) Assets/ Liabilities Measured At Fair Value (1) December 31, 2016 Impaired loans $ - $ - $ 595 $ 595 $ 595 Foreclosed properties - - 1,806 1,806 1,806 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: (Dollars in thousands) Fair Value (1) Valuation Technique Unobservable Input Discount Range (Weighted Average) December 31, 2016 Impaired loans $ 595 Discounted appraisals (2) Collateral discounts (3) 0%-36% (23 %) Foreclosed properties 1,806 Discounted appraisals (2) Collateral discounts (3) 0%-22% (6 %) 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.

CONDENSED FINANCIAL STATEMENT37

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY (Tables)	12 Months Ended
	Dec. 31, 2016
CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY [Abstract]
Condensed Balance Sheets	The following financial information pertains to ASB Bancorp, Inc. (parent company only), and should be read in conjunction with the consolidated financial statements of the Company. Condensed Balance Sheets December 31, (Dollars in thousands) 2016 2015 Assets Cash on deposit with bank subsidiary $ 857 $ 711 Interest-earning deposits with other financial institutions 1,443 1,040 Total cash and cash equivalents 2,300 1,751 ESOP loan receivable 3,054 3,342 Investment in bank subsidiary 85,811 84,122 Other assets 41 535 Total assets $ 91,206 $ 89,750 Liabilities and Shareholders’ Equity Other liabilities $ 69 $ 68 Total liabilities 69 68 Total shareholders’ equity 91,137 89,682 Total liabilities and shareholders’ equity $ 91,206 $ 89,750
Condensed Statements of Net Income	Condensed Statements of Net Income Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Dividend distributions from bank subsidiary $ 3,910 $ 8,500 $ 5,000 Other interest and dividend income 115 125 150 Other noninterest income - - (5 ) Total income 4,025 8,625 5,145 Noninterest expenses 559 615 566 Total expenses 559 615 566 Income before income taxes and equity in income of bank subsidiary net of dividend distributions 3,466 8,010 4,579 Income tax benefit (151 ) (166 ) (143 ) Net income before equity in income of bank subsidiary net of dividend distributions 3,617 8,176 4,722 Equity in income of bank subsidiary net of dividend distributions (2,399 ) (4,601 ) (2,233 ) Net income $ 1,218 $ 3,575 $ 2,489
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Year Ended December 31, (Dollars in thousands) 2016 2015 2014 Operating Activities Net income $ 1,218 $ 3,575 $ 2,489 Adjustments to reconcile net income to net cash provided by operating activities: Equity in income of bank subsidiary net of dividend distributions 2,399 4,601 2,233 Net amortization of premiums on securities - - 32 Loss on sale of securities - - 5 Decrease (increase) in income tax receivable 507 (168 ) (144 ) Decrease in interest receivable - - 13 Net change in other assets and liabilities (12 ) 11 31 Net cash provided by operating activities 4,112 8,019 4,659 Investing Activities Securities available for sale: Proceeds from sales - - 3,755 Principal repayments on mortgage-backed and asset-backed securities - - 412 ESOP principal payments received 288 279 271 Net cash provided by investing activities 288 279 4,438 Financing Activities Proceeds from exercise of stock options 104 722 25 Proceeds from bank subsidiary for stock-based compensation expense 1,082 1,082 1,484 Common stock repurchased (5,037 ) (11,575 ) (12,902 ) Net cash used in financing activities (3,851 ) (9,771 ) (11,393 ) Net increase (decrease) in cash and cash equivalents 549 (1,473 ) (2,296 ) Cash and cash equivalents: Beginning of period 1,751 3,224 5,520 End of period $ 2,300 $ 1,751 $ 3,224 SUPPLEMENTAL DISCLOSURES: Non-cash investing and financing transactions: Change in unrealized gain on securities available for sale $ - $ - $ 28 Change in deferred income taxes resulting from other comprehensive income - - (11 )

UNAUDITED INTERIM FINANCIAL I38

UNAUDITED INTERIM FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2016
UNAUDITED INTERIM FINANCIAL INFORMATION [Abstract]
Unaudited Condensed Statements of Income (Loss) for Each of Quarters	The unaudited condensed statements of income (loss) for each of the quarters are summarized below for the periods indicated. Three Months Ended (Dollars in thousands except per share data) December 31, September 30, June 30, March 31, Interest and dividend income $ 6,934 $ 6,982 $ 6,755 $ 6,677 Interest expense 875 871 854 844 Net interest income 6,059 6,111 5,901 5,833 Provision for (recovery of) loan losses 137 (92 ) 104 399 Net interest income after provision for (recovery of) loan losses 5,922 6,203 5,797 5,434 Noninterest income 1,941 2,290 2,476 2,049 Noninterest expenses 13,191 5,861 5,637 5,761 Income (loss) before income tax provision (benefit) (5,328 ) 2,632 2,636 1,722 Income tax provision (benefit) (2,004 ) 907 940 601 Net income (loss) $ (3,324 ) $ 1,725 $ 1,696 $ 1,121 Net income (loss) per common share – Basic $ (0.97 ) $ 0.51 $ 0.47 $ 0.31 Net income (loss) per common share – Diluted $ (0.97 ) $ 0.48 $ 0.45 $ 0.30 Three Months Ended (Dollars in thousands except per share data) December 31, September 30, June 30, March 31, Interest and dividend income $ 6,533 $ 6,459 $ 6,289 $ 6,154 Interest expense 867 877 880 861 Net interest income 5,666 5,582 5,409 5,293 Provision for (recovery of) loan losses (89 ) 191 65 194 Net interest income after provision for (recovery of) loan losses 5,755 5,391 5,344 5,099 Noninterest income 1,847 2,084 1,968 1,610 Noninterest expenses 5,921 5,837 6,010 5,772 Income before income tax provision 1,681 1,638 1,302 937 Income tax provision 735 496 437 315 Net income $ 946 $ 1,142 $ 865 $ 622 Net income per common share – Basic $ 0.25 $ 0.29 $ 0.22 $ 0.16 Net income per common share – Diluted $ 0.24 $ 0.28 $ 0.21 $ 0.16

SUMMARY OF SIGNIFICANT ACCOUN39

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Dec. 31, 2016Subsidiary
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Number of wholly owned subsidiaries	2

SUMMARY OF SIGNIFICANT ACCOUN40

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Investment Securities (Details)	Dec. 31, 2016
Outstanding Loan Balance [Member]
Schedule of Cost-method Investments [Line Items]
Required percentage of investment in capital stock	1.00%
Federal Home Loan Bank Advances [Member]
Schedule of Cost-method Investments [Line Items]
Required percentage of investment in capital stock	5.00%

SUMMARY OF SIGNIFICANT ACCOUN41

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Allowance for Loan Losses (Details)	12 Months Ended
	Dec. 31, 2016Methodology
Allowance for Loan Losses [Abstract]
Number of allowance methodologies used to determine whether or not a loan is considered to be impaired	2
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 Loan [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 Loan [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 ACCOUN42

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Premises and Equipment (Details)	12 Months Ended
	Dec. 31, 2016
Building and Building Components [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	10 years
Building and Building Components [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	40 years
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	5 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	10 years
Computer [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	3 years

SUMMARY OF SIGNIFICANT ACCOUN43

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Changes in Components of Company's Accumulated Other Comprehensive Loss, Net of Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 89,682	$ 94,397	$ 101,088
Net OCI	3,196	741	1,571
Ending balance	91,137	89,682	94,397
Accumulated Other Comprehensive Income (Loss), Net of Tax [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(5,061)	(5,802)	(7,373)
OCI before reclassification	(464)	1,603	2,065
Amount reclassified	3,660	(862)	(494)
Net OCI	3,196	741	1,571
Ending balance	(1,865)	(5,061)	(5,802)
Unrealized Gain (Loss) on Securities [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	265	124	(2,952)
OCI before reclassification	(1,075)	502	3,208
Amount reclassified	(837)	(361)	(132)
Net OCI	(1,912)	141	3,076
Ending balance	(1,647)	265	124
Benefit Plan Liability [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(5,326)	(5,926)	(4,421)
OCI before reclassification	611	1,101	(1,143)
Amount reclassified	4,497	(501)	(362)
Net OCI	5,108	600	(1,505)
Ending balance	$ (218)	$ (5,326)	$ (5,926)

SUMMARY OF SIGNIFICANT ACCOUN44

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Reclassifications of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain on sale of investment securities									$ (1,321)	$ (575)	$ (211)
Amortization of defined benefit pension items [Abstract]
Settlement expense									7,607	0	0
Salaries and employee benefits									13,088	13,510	13,041
Income tax provision	$ (2,004)	$ 907	$ 940	$ 601	$ 735	$ 496	$ 437	$ 315	444	1,983	1,260
Net of tax	$ 3,324	$ (1,725)	$ (1,696)	$ (1,121)	$ (946)	$ (1,142)	$ (865)	$ (622)	(1,218)	(3,575)	(2,489)
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									(1,321)	(575)	(211)
Amortization of defined benefit pension items [Abstract]
Income tax provision									484	214	79
Net of tax									(837)	(361)	(132)
Net Periodic Pension (Cost) Benefit [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Amortization of defined benefit pension items [Abstract]
Net loss									(510)	0	0
Settlement expense									7,607	0	0
Salaries and employee benefits									7,097	(799)	(565)
Income tax provision									(2,600)	298	203
Net of tax									$ 4,497	$ (501)	$ (362)

SUMMARY OF SIGNIFICANT ACCOUN45

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Income Taxes (Details) - North Carolina [Member]	12 Months Ended
	Dec. 31, 2016
Operating Loss Carryforwards [Line Items]
Loss carry forward period	15 years
Remaining loss carry forward period	12 years

SUMMARY OF SIGNIFICANT ACCOUN46

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Employee Stock Ownership Plan ("ESOP") and Equity Incentive Plan (Details) - shares	12 Months Ended
	Dec. 31, 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
Period used in determination of service hours of full-time employees for participation in ESOP	12 months
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 ACCOUN47

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Net Income per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Numerator [Abstract]
Net income	$ (3,324)	$ 1,725	$ 1,696	$ 1,121	$ 946	$ 1,142	$ 865	$ 622	$ 1,218	$ 3,575	$ 2,489
Denominator [Abstract]
Weighted average common shares outstanding (in shares)									3,888,809	4,339,806	4,687,699
Less: Weighted average unvested restricted shares (in shares)									(85,249)	(125,555)	(176,046)
Less: Weighted average unallocated ESOP shares (in shares)									(298,173)	(329,560)	(360,947)
Weighted average common shares used to compute net income per common share - Basic (in shares)									3,505,387	3,884,691	4,150,706
Add: Effect of dilutive securities (in shares)									154,188	119,694	46,983
Weighted average common shares used to compute net income per common share - Diluted (in shares)									3,659,575	4,004,385	4,197,689
Net income per common share - Basic (in dollars per share)	$ (0.97)	$ 0.51	$ 0.47	$ 0.31	$ 0.25	$ 0.29	$ 0.22	$ 0.16	$ 0.35	$ 0.92	$ 0.60
Net income per common share - Diluted (in dollars per share)	$ (0.97)	$ 0.48	$ 0.45	$ 0.30	$ 0.24	$ 0.28	$ 0.21	$ 0.16	$ 0.33	$ 0.89	$ 0.59
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	2,274	7,727
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	273

INVESTMENT SECURITIES, Securiti

INVESTMENT SECURITIES, Securities Available For Sale (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		$ 102,482	$ 137,137
Unrealized gains		159	1,277
Unrealized losses		(2,732)	(859)
Fair value		99,909	137,555
U.S. Government Sponsored Entity (GSE) and Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Within 1 year, amortized cost		1,011
Within 1 year, unrealized gains		0
Within 1 year, unrealized losses		0
Within 1 year, fair value		1,011
After 1 year but within 5 years, amortized cost		1,085	2,135
After 1 year but within 5 years, unrealized gains		0	0
After 1 year but within 5 years, unrealized losses		(7)	(21)
After 1 year but within 5 years, fair value		1,078	2,114
Asset-backed Securities Issued by the Small Business Administration (SBA) [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		4,407	16,974
Unrealized gains		17	187
Unrealized losses		(11)	(17)
Fair value		4,413	17,144
Residential Mortgage-backed Securities Issued by GSEs [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	[1]	40,619	51,726
Unrealized gains	[1]	88	29
Unrealized losses	[1]	(733)	(807)
Fair value	[1]	39,974	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		54,583	56,146
After 10 years, unrealized gains		54	835
After 10 years, unrealized losses		(1,967)	(12)
After 10 years, fair value		52,670	56,969
Mutual Funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		777	760
Unrealized gains		0	0
Unrealized losses		(14)	(2)
Fair value		$ 763	$ 758
[1]	Residential mortgage-backed securities were issued by United States government sponsored entities 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, 2016 and December 31, 2015 or during the periods then ended.

INVESTMENT SECURITIES, Securi49

INVESTMENT SECURITIES, Securities Held to Maturity (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost		$ 3,672	$ 3,809
Unrealized gains		203	277
Unrealized losses		0	0
Fair value		3,875	4,086
U.S. Government Sponsored Enterprise (GSE) and Agency Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Within 1 year, amortized cost		1,009
Within 1 year, unrealized gains		18
Within 1 year, unrealized losses		0
Within 1 year, fair value		1,027
After 1 year but within 5 years, amortized cost			1,024
After 1 year but within 5 years, unrealized gains			46
After 1 year but within 5 years, unrealized losses			0
After 1 year but within 5 years, fair value			1,070
Residential Mortgage-backed Securities Issued by GSEs [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	[1]	223	351
Unrealized gains	[1]	17	25
Unrealized losses	[1]	0	0
Fair value	[1]	240	376
State and Local Government Securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
After 5 years but within 10 years, amortized cost		2,440	965
After 5 years but within 10 years, unrealized gains		168	89
After 5 years but within 10 years, unrealized losses		0	0
After 5 years but within 10 years, fair value		$ 2,608	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]	Residential mortgage-backed securities were issued by United States government sponsored entities 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, 2016 and December 31, 2015 or during the periods then ended.

INVESTMENT SECURITIES, Investme

INVESTMENT SECURITIES, Investment Gross Unrealized Losses and Fair Value (Details) $ in Thousands		Dec. 31, 2016USD ($)Security	Dec. 31, 2015USD ($)Security
Schedule of Available-for-sale Securities [Line Items]
Total number of securities with unrealized losses | Security		56	34
Less than 12 months, fair value		$ 66,118	$ 43,082
Less than 12 months, unrealized losses		(2,540)	(686)
12 months or more, fair value		19,401	13,065
12 months or more, unrealized losses		(192)	(173)
Total, fair value		85,519	56,147
Total, unrealized losses		(2,732)	(859)
U.S. Government Sponsored Enterprise (GSE) and Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		2,088	1,018
Less than 12 months, unrealized losses		(7)	(6)
12 months or more, fair value		0	1,096
12 months or more, unrealized losses		0	(15)
Total, fair value		2,088	2,114
Total, unrealized losses		(7)	(21)
Asset-backed Securities Issued by the Small Business Administration (SBA) [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		1,647	623
Less than 12 months, unrealized losses		(3)	(1)
12 months or more, fair value		1,049	1,821
12 months or more, unrealized losses		(8)	(16)
Total, fair value		2,696	2,444
Total, unrealized losses		(11)	(17)
Residential mortgage- backed GSE [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value	[1]	15,274	36,960
Less than 12 months, unrealized losses	[1]	(549)	(672)
12 months or more, fair value	[1]	18,352	9,591
12 months or more, unrealized losses	[1]	(184)	(135)
Total, fair value	[1]	33,626	46,551
Total, unrealized losses	[1]	(733)	(807)
State and Local Government Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		46,333	3,721
Less than 12 months, unrealized losses		(1,967)	(5)
12 months or more, fair value		0	557
12 months or more, unrealized losses		0	(7)
Total, fair value		46,333	4,278
Total, unrealized losses		(1,967)	(12)
Mutual Funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, fair value		776	760
Less than 12 months, unrealized losses		(14)	(2)
12 months or more, fair value		0	0
12 months or more, unrealized losses		0	0
Total, fair value		776	760
Total, unrealized losses		$ (14)	$ (2)
[1]	Residential mortgage-backed securities were issued by United States government sponsored entities 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, 2016 and December 31, 2015 or during the periods then ended.

INVESTMENT SECURITIES, Invest51

INVESTMENT SECURITIES, Investment Securities Pledged as Collateral (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair value of investment securities pledged as collateral [Abstract]
Pledged to Federal Reserve Discount Window	$ 8,264	$ 14,533
Pledged to repurchase agreements for commercial customers	$ 840	$ 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	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest income from taxable and tax-exempt securities recognized in interest and dividend income [Abstract]
Interest income from taxable securities	$ 796	$ 1,010	$ 1,447
Interest income from tax-exempt securities	1,467	1,401	1,199
Total interest income from securities	$ 2,263	$ 2,411	$ 2,646

INVESTMENT SECURITIES, Proceeds

INVESTMENT SECURITIES, Proceeds and Realized Gains and Losses from Sales of Securities Recognized in Net Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Proceeds and gross realized gains from sales of securities recognized in net income [Abstract]
Proceeds from sales of securities	$ 57,773	$ 69,086	$ 55,821
Gross realized gains from sales of securities	1,365	841	603
Gross realized losses from sales of securities	$ (44)	$ (266)	$ (392)

LOANS RECEIVABLE, by Segment an

LOANS RECEIVABLE, by Segment and Class (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 603,823	$ 576,563
Less: Deferred loan fees	(241)	(476)
Total loans receivable net of deferred loan fees	603,582	576,087
Less: Allowance for loan losses	(6,544)	(6,289)	$ (5,949)	$ (7,307)
Loans receivable, net	597,038	569,798
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	292,757	270,588
Less: Allowance for loan losses	(3,968)	(3,710)	(3,409)	(4,560)
Commercial [Member] | Commercial Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	27,813	38,313
Less: Allowance for loan losses	(295)	(385)
Commercial [Member] | Commercial Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	241,125	209,397
Less: Allowance for loan losses	(3,346)	(3,021)
Commercial [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	23,819	22,878
Less: Allowance for loan losses	(327)	(304)
Non-Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	311,066	305,975
Less: Allowance for loan losses	(2,576)	(2,579)	$ (2,540)	$ (2,747)
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	20,801	16,587
Less: Allowance for loan losses	(177)	(139)
Non-Commercial [Member] | Residential Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	200,590	186,839
Less: Allowance for loan losses	(1,331)	(1,182)
Non-Commercial [Member] | Revolving Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	66,870	66,258
Less: Allowance for loan losses	(850)	(874)
Non-Commercial [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	22,805	36,291
Less: Allowance for loan losses	$ (218)	$ (384)

LOANS RECEIVABLE, by Segment, C

LOANS RECEIVABLE, by Segment, Class, and Grade (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	$ 603,823	$ 576,563
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	579,995	549,187
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	21,247	23,400
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	2,581	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	292,757	270,588
Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	280,120	255,428
Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	11,825	13,499
Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	812	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	27,813	38,313
Commercial [Member] | Commercial Construction and Land Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	27,677	38,168
Commercial [Member] | Commercial Construction and Land Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	136	145
Commercial [Member] | Commercial Construction and Land Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	0	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	241,125	209,397
Commercial [Member] | Commercial Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	229,571	195,551
Commercial [Member] | Commercial Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	10,954	12,412
Commercial [Member] | Commercial Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	600	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	23,819	22,878
Commercial [Member] | Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	22,872	21,709
Commercial [Member] | Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	735	942
Commercial [Member] | Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	212	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	311,066	305,975
Non-Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	299,875	293,759
Non-Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	9,422	9,901
Non-Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	1,769	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	20,801	16,587
Non-Commercial [Member] | Non-Commercial Construction and Land Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	20,801	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	200,590	186,839
Non-Commercial [Member] | Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	193,235	178,403
Non-Commercial [Member] | Residential Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	6,200	6,674
Non-Commercial [Member] | Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	1,155	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	66,870	66,258
Non-Commercial [Member] | Revolving Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	63,479	62,922
Non-Commercial [Member] | Revolving Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	2,829	2,812
Non-Commercial [Member] | Revolving Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	562	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	22,805	36,291
Non-Commercial [Member] | Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	22,360	35,847
Non-Commercial [Member] | Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	393	415
Non-Commercial [Member] | Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans receivable	52	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,56

LOANS RECEIVABLE, by Segment, Class, and Delinquency (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	$ 1,628	$ 2,814
Current	602,195	573,749
Total loans receivable	603,823	576,563
Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	699	940
Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	929	1,874
Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	63	583
Current	292,694	270,005
Total loans receivable	292,757	270,588
Commercial [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Commercial [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	63	583
Commercial [Member] | Commercial Construction and Land Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Current	27,813	38,313
Total loans receivable	27,813	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	0	0
Commercial [Member] | Commercial Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	496
Current	241,125	208,901
Total loans receivable	241,125	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	63	87
Current	23,756	22,791
Total loans receivable	23,819	22,878
Commercial [Member] | Commercial and Industrial [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	0	0
Commercial [Member] | Commercial and Industrial [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	63	87
Non-Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	1,565	2,231
Current	309,501	303,744
Total loans receivable	311,066	305,975
Non-Commercial [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	699	940
Non-Commercial [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	866	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	20,801	16,587
Total loans receivable	20,801	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	919	1,878
Current	199,671	184,961
Total loans receivable	200,590	186,839
Non-Commercial [Member] | Residential Mortgage [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	293	685
Non-Commercial [Member] | Residential Mortgage [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	626	1,193
Non-Commercial [Member] | Revolving Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	396	202
Current	66,474	66,056
Total loans receivable	66,870	66,258
Non-Commercial [Member] | Revolving Mortgage [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	156	104
Non-Commercial [Member] | Revolving Mortgage [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	240	98
Non-Commercial [Member] | Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	250	151
Current	22,555	36,140
Total loans receivable	22,805	36,291
Non-Commercial [Member] | Consumer [Member] | Past Due 31-89 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	250	151
Non-Commercial [Member] | Consumer [Member] | Past Due 90 Days or More [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due	$ 0	$ 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	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	$ 1,012	$ 2,548
Past due 90 days or more and still accruing	0	0
Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	63	1,045
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	0	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	63	227
Past due 90 days or more and still accruing	0	0
Non-Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccruing	949	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	626	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	323	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	0	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	12 Months Ended
	Dec. 31, 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	191	718
Repayments of loans	(365)	(1,210)
Director and executive officer loans, end of period	3,356	3,530
Loans serviced for Habitat for Humanity of Western North Carolina	$ 16,700	$ 15,800

ALLOWANCE FOR LOAN LOSSES, Anal

ALLOWANCE FOR LOAN LOSSES, Analysis of Allowance for Loan Losses by Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Analysis of allowance for loan losses by segment [Roll Forward]
Balance at beginning of period				$ 6,289				$ 5,949	$ 6,289	$ 5,949	$ 7,307
Provision for (recovery of) loan losses	$ 137	$ (92)	$ 104	399	$ (89)	$ 191	$ 65	194	548	361	(998)
Charge-offs									(378)	(476)	(504)
Recoveries									85	455	144
Balance at end of period	6,544				6,289				6,544	6,289	5,949
Commercial [Member]
Analysis of allowance for loan losses by segment [Roll Forward]
Balance at beginning of period				3,710				3,409	3,710	3,409	4,560
Provision for (recovery of) loan losses									471	157	(1,080)
Charge-offs									(231)	(80)	(95)
Recoveries									18	224	24
Balance at end of period	3,968				3,710				3,968	3,710	3,409
Non-Commercial [Member]
Analysis of allowance for loan losses by segment [Roll Forward]
Balance at beginning of period				$ 2,579				$ 2,540	2,579	2,540	2,747
Provision for (recovery of) loan losses									77	204	82
Charge-offs									(147)	(396)	(409)
Recoveries									67	231	120
Balance at end of period	$ 2,576				$ 2,579				$ 2,576	$ 2,579	$ 2,540

ALLOWANCE FOR LOAN LOSSES, Endi

ALLOWANCE FOR LOAN LOSSES, Ending Balances of Loans and Related Allowance by Segment and Class (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	$ 119	$ 180
Allowance for loan losses, loans collectively evaluated	6,425	6,109
Allowance for loan losses, total	6,544	6,289	$ 5,949	$ 7,307
Total loans receivable, loans individually evaluated for impairment	5,519	7,055
Total loans receivable, loans collectively evaluated	598,304	569,508
Total loans receivable	603,823	576,563
Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	14	52
Allowance for loan losses, loans collectively evaluated	3,954	3,658
Allowance for loan losses, total	3,968	3,710	3,409	4,560
Total loans receivable, loans individually evaluated for impairment	3,106	4,063
Total loans receivable, loans collectively evaluated	289,651	266,525
Total loans receivable	292,757	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	295	385
Allowance for loan losses, total	295	385
Total loans receivable, loans individually evaluated for impairment	0	0
Total loans receivable, loans collectively evaluated	27,813	38,313
Total loans receivable	27,813	38,313
Commercial [Member] | Commercial Mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	8	39
Allowance for loan losses, loans collectively evaluated	3,338	2,982
Allowance for loan losses, total	3,346	3,021
Total loans receivable, loans individually evaluated for impairment	2,894	3,811
Total loans receivable, loans collectively evaluated	238,231	205,586
Total loans receivable	241,125	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	6	13
Allowance for loan losses, loans collectively evaluated	321	291
Allowance for loan losses, total	327	304
Total loans receivable, loans individually evaluated for impairment	212	252
Total loans receivable, loans collectively evaluated	23,607	22,626
Total loans receivable	23,819	22,878
Non-Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, loans individually evaluated for impairment	105	128
Allowance for loan losses, loans collectively evaluated	2,471	2,451
Allowance for loan losses, total	2,576	2,579	$ 2,540	$ 2,747
Total loans receivable, loans individually evaluated for impairment	2,413	2,992
Total loans receivable, loans collectively evaluated	308,653	302,983
Total loans receivable	311,066	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	177	139
Allowance for loan losses, total	177	139
Total loans receivable, loans individually evaluated for impairment	0	0
Total loans receivable, loans collectively evaluated	20,801	16,587
Total loans receivable	20,801	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	22	42
Allowance for loan losses, loans collectively evaluated	1,309	1,140
Allowance for loan losses, total	1,331	1,182
Total loans receivable, loans individually evaluated for impairment	2,172	2,895
Total loans receivable, loans collectively evaluated	198,418	183,944
Total loans receivable	200,590	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	83	86
Allowance for loan losses, loans collectively evaluated	767	788
Allowance for loan losses, total	850	874
Total loans receivable, loans individually evaluated for impairment	241	97
Total loans receivable, loans collectively evaluated	66,629	66,161
Total loans receivable	66,870	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	218	384
Allowance for loan losses, total	218	384
Total loans receivable, loans individually evaluated for impairment	0	0
Total loans receivable, loans collectively evaluated	22,805	36,291
Total loans receivable	$ 22,805	$ 36,291

ALLOWANCE FOR LOAN LOSSES, Impa

ALLOWANCE FOR LOAN LOSSES, Impaired Loans and Related Allowance by Segment and Class (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	$ 5,935	$ 7,728
Recorded investment, with a recorded allowance	3,709	5,666
Recorded investment, with no recorded allowance	1,810	1,389
Recorded investment, total	5,519	7,055
Related recorded allowance	119	180
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	3,591	4,656
Recorded investment, with a recorded allowance	3,043	3,455
Recorded investment, with no recorded allowance	63	608
Recorded investment, total	3,106	4,063
Related recorded allowance	14	52
Commercial [Member] | Commercial Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	2,894	3,934
Recorded investment, with a recorded allowance	2,894	3,315
Recorded investment, with no recorded allowance	0	496
Recorded investment, total	2,894	3,811
Related recorded allowance	8	39
Commercial [Member] | Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	697	722
Recorded investment, with a recorded allowance	149	140
Recorded investment, with no recorded allowance	63	112
Recorded investment, total	212	252
Related recorded allowance	6	13
Non-Commercial [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	2,344	3,072
Recorded investment, with a recorded allowance	666	2,211
Recorded investment, with no recorded allowance	1,747	781
Recorded investment, total	2,413	2,992
Related recorded allowance	105	128
Non-Commercial [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	2,089	2,965
Recorded investment, with a recorded allowance	583	2,125
Recorded investment, with no recorded allowance	1,589	770
Recorded investment, total	2,172	2,895
Related recorded allowance	22	42
Non-Commercial [Member] | Revolving Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Unpaid principal balance	255	107
Recorded investment, with a recorded allowance	83	86
Recorded investment, with no recorded allowance	158	11
Recorded investment, total	241	97
Related recorded allowance	$ 83	$ 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	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Average recorded investment	$ 6,435	$ 7,515	$ 7,739
Interest income recognized	374	210	232
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	3,562	4,173	4,381
Interest income recognized	311	132	156
Commercial [Member] | Commercial Construction and Land Development [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	72	0	23
Interest income recognized	0	0	1
Commercial [Member] | Commercial Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	3,269	3,879	4,056
Interest income recognized	293	131	148
Commercial [Member] | Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	221	294	302
Interest income recognized	18	1	7
Non-Commercial [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	2,873	3,342	3,358
Interest income recognized	63	78	76
Non-Commercial [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	2,768	3,116	3,039
Interest income recognized	61	77	71
Non-Commercial [Member] | Revolving Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average recorded investment	105	226	319
Interest income recognized	$ 2	$ 1	$ 5

ALLOWANCE FOR LOAN LOSSES, Summ

ALLOWANCE FOR LOAN LOSSES, Summary of Recorded Investment in TDRs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Loan	Dec. 31, 2015USD ($)Loan
Financing Receivable, Modifications [Line Items]
Number of loans | Loan	0	3
Pre-modification outstanding recorded investment	$ 0	$ 227
Post-modification outstanding recorded investment	$ 0	$ 240
Loans modified as TDRs within the preceding 12 months that stopped performing during the period | Loan	0	0
Below Market Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan	0	2
Pre-modification outstanding recorded investment	$ 0	$ 198
Post-modification outstanding recorded investment	$ 0	$ 198
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] | Below Market Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan	0	1
Pre-modification outstanding recorded investment	$ 0	$ 45
Post-modification outstanding recorded investment	$ 0	$ 45
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] | Below Market Interest Rate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans | Loan	0	1
Pre-modification outstanding recorded investment	$ 0	$ 45
Post-modification outstanding recorded investment	$ 0	$ 45
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 ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Restructured loans	$ 4,556	$ 5,531
Residential real estate loans in process of foreclosure	496
Foreclosed residential real estate property included in foreclosed real estate	953
Nonperforming [Member]
Financing Receivable, Modifications [Line Items]
Restructured loans	13	979
Performing [Member]
Financing Receivable, Modifications [Line Items]
Restructured loans	$ 4,543	$ 4,552

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 26,064	$ 26,139
Less - accumulated depreciation	(14,942)	(14,523)
Premises and equipment, net	11,122	11,616
Depreciation expense	780	816	$ 914
Land [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	3,395	3,395
Office Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	15,553	15,552
Furniture, Fixtures, Equipment and Auto [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 7,116	$ 7,192

DEPOSIT ACCOUNTS, Bank's Deposi

DEPOSIT ACCOUNTS, Bank's Deposit Accounts (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Summary of deposit accounts [Abstract]
Noninterest-bearing demand accounts	$ 123,999	$ 113,745
NOW accounts	163,132	163,005
Money market accounts	169,612	170,921
Savings accounts	59,382	47,957
Certificate accounts	131,498	135,276
Total deposits	$ 647,623	$ 630,904

DEPOSIT ACCOUNTS, Maturities of

DEPOSIT ACCOUNTS, Maturities of Certificate of Deposit Accounts (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Scheduled maturities of certificate of deposit accounts [Abstract]
2,016	$ 0	$ 76,188
2,017	63,251	32,500
2,018	49,359	20,818
2,019	10,193	2,903
2,020	5,023	2,854
2,021	3,672	13
Total	131,498	135,276
Additional certificate of deposit information (Amounts included in the preceding tables) [Abstract]
Aggregate certificate of deposit accounts of $250,000 or more	10,616	9,413
Brokered certificate of deposit accounts	$ 26,554	$ 20,506

OVERNIGHT AND SHORT-TERM BORR68

OVERNIGHT AND SHORT-TERM BORROWINGS, Overnight and Short-Term Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
OVERNIGHT AND SHORT-TERM BORROWINGS [ABSTRACT]
Securities sold under agreements to repurchase	$ 392	$ 327
Total available credit under federal funds borrowing agreements	$ 73,351	$ 79,306

ADVANCES FROM THE FEDERAL HOM69

ADVANCES FROM THE FEDERAL HOME LOAN BANK (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
FHLB advances		$ 50,000	$ 50,000
Federal Home Loan Bank of Atlanta [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Available credit under credit borrowing arrangement with FHLB		96,900	77,900
FHLB advances		50,000	50,000
Outstanding irrevocable letters of credit		$ 7,500	6,000
Federal Home Loan Bank of Atlanta [Member] | Outstanding FHLB Advance One [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maturity date		Mar. 13, 2017
Interest rate		4.09%
FHLB advances		$ 10,000	10,000
Federal Home Loan Bank of Atlanta [Member] | Outstanding FHLB Advance Two [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maturity date		Mar. 13, 2017
Interest rate		4.20%
FHLB advances		$ 10,000	10,000
Federal Home Loan Bank of Atlanta [Member] | Outstanding FHLB Advance Three [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maturity date		Mar. 20, 2017
Interest rate		3.99%
FHLB advances		$ 10,000	10,000
Federal Home Loan Bank of Atlanta [Member] | Outstanding FHLB Advance Four [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maturity date		Sep. 11, 2017
Date convertible by FHLB to variable rate	[1]	Mar. 13, 2017
Interest rate		3.45%
FHLB advances		$ 10,000	10,000
Federal Home Loan Bank of Atlanta [Member] | Outstanding FHLB Advance Five [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maturity date		Sep. 17, 2018
Interest rate		3.65%
FHLB advances		$ 10,000	$ 10,000
[1]	FHLB has the option to convert the advance to a variable rate each quarter until maturity.

INCOME TAXES, Components of Inc

INCOME TAXES, Components of Income Tax Provision (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current [Abstract]
Federal									$ 1,300	$ 1,464	$ 100
State									170	172	0
Total current expense									1,470	1,636	100
Deferred [Abstract]
Federal									(973)	210	1,120
State									(53)	137	40
Total deferred expense (benefit)									(1,026)	347	1,160
Total income tax provision	$ (2,004)	$ 907	$ 940	$ 601	$ 735	$ 496	$ 437	$ 315	444	1,983	1,260
Increases (decreases) in deferred tax assets (liabilities) allocated to other comprehensive income related to [Abstract]
Unrealized (gains) losses on securities available for sale									1,079	(81)	(1,852)
Qualified and non-qualified pension plan liability adjustments									(2,958)	(444)	859
Total									$ (1,879)	$ (525)	$ (993)

INCOME TAXES, Deferred Income T

INCOME TAXES, Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets relating to [Abstract]
Deferred loan fees	$ 87	$ 174
Deferred compensation	515	500
Non-accrual interest, book versus tax	38	32
Accrued vacation	175	177
Allowance for loan losses	2,354	2,304
Nonqualified pension plan liability	334	335
Unrealized pension liability	122	3,080
Equity incentive plans	548	482
Loss reserve on foreclosed real estate	226	230
Deferred gain on sale of foreclosed real estate	4	4
Unrealized loss on securities available for sale	926	0
Other	244	239
Total deferred tax assets	5,573	7,557
Deferred tax liabilities relating to [Abstract]
Original issue discount - loan fees	(743)	(680)
Property	(14)	(62)
Pension liabilities and prepayments	0	(997)
FHLB stock	(710)	(723)
Unrealized gain on securities available for sale	0	(153)
Other	(243)	(226)
Total deferred tax liabilities	(1,710)	(2,841)
Net recorded deferred tax assets	$ 3,863	$ 4,716

INCOME TAXES, Effective Income

INCOME TAXES, Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
INCOME TAXES [Abstract]
Federal statutory income tax rate									34.00%
Effective income tax rate reconciliation, amount [Abstract]
Income tax provision at statutory rate									$ 565	$ 1,890	$ 1,275
Increase (decrease) in income taxes resulting from [Abstract]
Tax exempt interest income, net of disallowed interest expense									(380)	(314)	(408)
Bank owned life insurance cash surrender value									(64)	0	0
State taxes, net of federal effect									54	181	158
Deferred tax revaluation from reduction in state tax rate									35	35	40
ESOP fair market value adjustment									163	125	96
Incentive stock options									67	67	103
Other, net									4	(1)	(4)
Total income tax provision	$ (2,004)	$ 907	$ 940	$ 601	$ 735	$ 496	$ 437	$ 315	444	$ 1,983	$ 1,260
Pre-1988 tax bad debt reserve included in retained earnings	$ 7,200								$ 7,200

REGULATORY CAPITAL REQUIREMEN73

REGULATORY CAPITAL REQUIREMENTS, Actual and Required Regulatory Capital Amounts (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier 1 capital, actual amount	$ 92,996	$ 94,743
Tier I leverage capital, actual amount	92,996	94,743
Tier I risk-based capital, actual amount	92,996	94,743
Total risk-based capital, actual amount	$ 99,540	$ 101,032
Common Equity Tier 1 capital, actual ratio	15.54%	16.66%
Tier I leverage capital, actual ratio	11.58%	11.87%
Tier I risk-based capital, actual ratio	15.54%	16.66%
Total risk-based capital, actual ratio	16.63%	17.77%
Common Equity Tier 1 capital, regulatory requirements minimum for capital adequacy purposes, amount	$ 26,934	$ 25,587
Tier I leverage capital, regulatory requirements minimum for capital adequacy purposes, amount	32,111	31,935
Tier I risk-based capita, regulatory requirements minimum for capital adequacy purposes, amount	35,913	34,117
Total risk-based capital, regulatory requirements minimum for capital adequacy purposes, amount	$ 47,884	$ 45,489
Common Equity Tier 1 capital, regulatory requirements minimum for capital adequacy purposes, ratio	4.50%	4.50%
Tier I leverage capital, regulatory requirements minimum for capital adequacy purposes, ratio	4.00%	4.00%
Tier I risk-based capital, regulatory requirements minimum for capital adequacy purposes, ratio	6.00%	6.00%
Total risk-based capital, regulatory requirements minimum for capital adequacy purposes, ratio	8.00%	8.00%
Common Equity Tier 1 capital, regulatory requirements minimum to be well capitalized, amount	$ 38,905	$ 36,960
Tier I leverage capital, regulatory requirements minimum to be well capitalized, amount	40,139	39,919
Tier I risk-based capital, regulatory requirements minimum to be well capitalized, amount	47,884	45,489
Total risk-based capital, regulatory requirements minimum to be well capitalized, amount	$ 59,854	$ 56,861
Common Equity Tier 1 capital, regulatory requirements minimum to be well capitalized, ratio	6.50%	6.50%
Tier I leverage capital, regulatory requirements minimum to be well capitalized, ratio	5.00%	5.00%
Tier I risk-based capital, regulatory requirements minimum to be well capitalized, ratio	8.00%	8.00%
Total risk-based capital, regulatory requirements minimum to be well capitalized, ratio	10.00%	10.00%
Asheville Savings Bank, S.S.B. [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier 1 capital, actual amount	$ 87,670	$ 89,183
Tier I leverage capital, actual amount	87,670	89,183
Tier I risk-based capital, actual amount	87,670	89,183
Total risk-based capital, actual amount	94,214	95,472
NC Savings Bank capital, actual amount	$ 94,214	$ 95,472
Common Equity Tier 1 capital, actual ratio	14.65%	15.70%
Tier I leverage capital, actual ratio	10.94%	11.20%
Tier I risk-based capital, actual ratio	14.65%	15.70%
Total risk-based capital, actual ratio	15.75%	16.81%
NC Savings Bank capital, actual ratio	11.86%	12.21%
Common Equity Tier 1 capital, regulatory requirements minimum for capital adequacy purposes, amount	$ 26,924	$ 25,563
Tier I leverage capital, regulatory requirements minimum for capital adequacy purposes, amount	32,067	31,848
Tier I risk-based capita, regulatory requirements minimum for capital adequacy purposes, amount	35,899	34,084
Total risk-based capital, regulatory requirements minimum for capital adequacy purposes, amount	47,865	45,446
NC Savings Bank capital, regulatory requirements minimum for capital adequacy purposes, amount	$ 39,731	$ 39,087
Common Equity Tier 1 capital, regulatory requirements minimum for capital adequacy purposes, ratio	4.50%	4.50%
Tier I leverage capital, regulatory requirements minimum for capital adequacy purposes, ratio	4.00%	4.00%
Tier I risk-based capital, regulatory requirements minimum for capital adequacy purposes, ratio	6.00%	6.00%
Total risk-based capital, regulatory requirements minimum for capital adequacy purposes, ratio	8.00%	8.00%
NC Saving Bank Capital, regulatory requirements minimum for capital adequacy purposes, ratio	5.00%	5.00%
Common Equity Tier 1 capital, regulatory requirements minimum to be well capitalized, amount	$ 38,890	$ 36,925
Tier I leverage capital, regulatory requirements minimum to be well capitalized, amount	40,084	39,810
Tier I risk-based capital, regulatory requirements minimum to be well capitalized, amount	47,865	45,446
Total risk-based capital, regulatory requirements minimum to be well capitalized, amount	$ 59,832	$ 56,807
Common Equity Tier 1 capital, regulatory requirements minimum to be well capitalized, ratio	6.50%	6.50%
Tier I leverage capital, regulatory requirements minimum to be well capitalized, ratio	5.00%	5.00%
Tier I risk-based capital, regulatory requirements minimum to be well capitalized, ratio	8.00%	8.00%
Total risk-based capital, regulatory requirements minimum to be well capitalized, ratio	10.00%	10.00%

REGULATORY CAPITAL REQUIREMEN74

REGULATORY CAPITAL REQUIREMENTS, Reconciliation of Equity and Regulatory Capital Amounts (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of GAAP Equity to Regulatory Capital [Line Items]
Total shareholders' equity	$ 91,137	$ 89,682	$ 94,397	$ 101,088
Accumulated other comprehensive income, net of tax	1,865	5,061
Disallowed portion of net unrealized loss on available for sale equity securities	(6)	0
Tier I capital	92,996	94,743
Allowable portion of allowance for loan losses	6,544	6,289
Total risk-based capital	99,540	101,032
Asheville Savings Bank, S.S.B. [Member]
Reconciliation of GAAP Equity to Regulatory Capital [Line Items]
Total shareholders' equity	85,811	84,122
Accumulated other comprehensive income, net of tax	1,865	5,061
Disallowed portion of net unrealized loss on available for sale equity securities	(6)	0
Tier I capital	87,670	89,183
Allowable portion of allowance for loan losses	6,544	6,289
Total risk-based capital	94,214	95,472
Disallowed portion of allowance for loan losses	0	0
NC Savings Bank capital	$ 94,214	$ 95,472

BENEFIT PLANS, Status of Qualif

BENEFIT PLANS, Status of Qualified and Non-Qualified Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Nov. 01, 2014
Defined Benefit Plan Disclosure [Line Items]
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
Aggregate immediate lump sum payments to inactive participants		846,000	$ 544,000
Plan asset annual target to outperform benchmark return				80.00%
One-time credit from curtailment of benefits for future services				$ 499,000
Amounts Recognized In Accumulated Other Comprehensive Loss [Abstract]
Accumulated other comprehensive loss		8,000,000
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]
Defined Benefit Plan Disclosure [Line Items]
Accrued pension benefit recognized in accumulated other comprehensive income, before tax	$ 341,000	404,000
Change In Benefit Obligation [Roll Forward]
Projected benefit obligation at beginning of year	1,311,000	1,397,000
Interest cost	56,000	55,000	56,000
Actuarial loss (gain)	(17,000)	(71,000)
Benefits paid	(70,000)	(70,000)
Projected benefit obligation at end of year	1,280,000	1,311,000	1,397,000
Change In Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	0	0
Actual return (loss) on plan assets	0	0
Employer contribution	70,000	70,000
Benefits paid	(70,000)	(70,000)
Fair value of plan assets at end of year	0	0	0
Net Amount Recognized [Abstract]
Funded status	(1,280,000)	(1,311,000)
Unrecognized net actuarial loss	341,000	404,000
Net amount recognized	(939,000)	(907,000)
Amounts Recognized In Balance Sheets Pension obligation	(1,280,000)	(1,311,000)
Amounts Recognized In Accumulated Other Comprehensive Loss [Abstract]
Net actuarial loss	341,000	404,000
Accumulated other comprehensive loss	341,000	404,000
Expected To Be Amortized From Accumulated Other Comprehensive Loss Over Next Twelve Months [Abstract]
Net actuarial loss	142,000	46,000
Qualified Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated one-time settlement charge before income taxes	7,600,000
Estimated one-time settlement charge after income taxes	4,800,000
Accrued pension benefit recognized in accumulated other comprehensive income, before tax	0	8,003,000
Contribution to the qualified pension plan	5,500,000
Change In Benefit Obligation [Roll Forward]
Projected benefit obligation at beginning of year	21,389,000	23,764,000
Interest cost	805,000	991,000	990,000
Actuarial loss (gain)	711,000	(1,707,000)
Benefits paid	(22,905,000)	(1,659,000)
Projected benefit obligation at end of year	0	21,389,000	23,764,000
Change In Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	16,109,000	18,353,000
Actual return (loss) on plan assets	1,331,000	(585,000)
Employer contribution	5,465,000	0
Benefits paid	(22,905,000)	(1,659,000)
Fair value of plan assets at end of year	0	16,109,000	$ 18,353,000
Net Amount Recognized [Abstract]
Funded status	0	(5,281,000)
Unrecognized net actuarial loss	0	8,003,000
Net amount recognized	0	2,722,000
Amounts Recognized In Balance Sheets Pension obligation	0	(5,281,000)
Amounts Recognized In Accumulated Other Comprehensive Loss [Abstract]
Net actuarial loss	0	8,003,000
Accumulated other comprehensive loss	0	8,003,000
Expected To Be Amortized From Accumulated Other Comprehensive Loss Over Next Twelve Months [Abstract]
Net actuarial loss	$ 0	$ 666,000

BENEFIT PLANS, Net Periodic Ben

BENEFIT PLANS, Net Periodic Benefit Cost Related to Defined Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Components of Net Periodic Benefit Costs [Abstract]
Settlement expense	$ 7,607	$ 0	$ 0
Non-Qualified Defined Benefit Plan [Member]
Components of Net Periodic Benefit Costs [Abstract]
Interest cost	56	55	56
Amortization of net loss	46	57	29
Net periodic benefit cost	102	112	85
Accumulated benefit obligation	1,280	1,311
Increase in minimum liability included in other comprehensive income	0	0
Qualified Defined Benefit Plan [Member]
Components of Net Periodic Benefit Costs [Abstract]
Interest cost	805	991	990
Expected return on plan assets	(689)	(946)	(975)
Amortization of net loss	464	742	536
Settlement expense	7,607	0	0
Net periodic benefit cost	8,187	787	$ 551
Accumulated benefit obligation	0	21,389
Increase in minimum liability included in other comprehensive income	$ 0	$ 0

BENEFIT PLANS, Assumptions Used

BENEFIT PLANS, Assumptions Used in Accounting for Defined Benefit Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Non-Qualified Defined Benefit Plan [Member]
Weighted Average Assumptions Used to Determine Benefit Obligations at Year-End [Abstract]
Discount rate	1.78%	4.40%
Weighted Average Assumptions Used to Determine Net Period Benefit Cost for The Year [Abstract]
Discount rate	4.40%	4.06%
Target Allocation [Abstract]
Expected contribution to the Non-qualified Plan	$ 1,295,045
Qualified Defined Benefit Plan [Member]
Weighted Average Assumptions Used to Determine Benefit Obligations at Year-End [Abstract]
Discount rate		4.63%
Expected long-term return on plan assets		5.28%
Weighted Average Assumptions Used to Determine Net Period Benefit Cost for The Year [Abstract]
Discount rate	4.63%	4.25%
Expected long-term return on plan assets	5.28%	5.28%
Asset Allocation [Abstract]
Asset allocation	0.00%	100.00%
Target Allocation [Abstract]
Target allocation	0.00%	100.00%
Qualified Defined Benefit Plan [Member] | Equity Securities [Member]
Asset Allocation [Abstract]
Asset allocation	0.00%	20.00%
Target Allocation [Abstract]
Target allocation	0.00%	20.00%
Qualified Defined Benefit Plan [Member] | Debt Securities [Member]
Asset Allocation [Abstract]
Asset allocation	0.00%	75.00%
Target Allocation [Abstract]
Target allocation	0.00%	80.00%
Qualified Defined Benefit Plan [Member] | Cash and Equivalents [Member]
Asset Allocation [Abstract]
Asset allocation	0.00%	5.00%

BENEFIT PLANS, Expected Future

BENEFIT PLANS, Expected Future Benefit Payments (Details) $ in Thousands	Dec. 31, 2016USD ($)
Non-Qualified Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Fiscal Year Ending December 31, 2017	$ 1,295

BENEFIT PLANS, 401(k) Plan (Det

BENEFIT PLANS, 401(k) Plan (Details) - Savings Plan 401k [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution percentage for first 3% of employee's compensation	100.00%
Employer matching contribution percentage for additional contributions in excess of first 3% and up to 5% of employee's compensation	50.00%
Contributions to defined contribution plan	$ 236	$ 228	$ 215
Minimum [Member]
Defined Contribution Plan Disclosure [Line Items]
Additional contribution percentage of employee's compensation matched by employer	3.00%
Maximum [Member]
Defined Contribution Plan Disclosure [Line Items]
First contribution percentage of employee's compensation matched by employer	3.00%
Additional contribution percentage of employee's compensation matched by employer	5.00%

BENEFIT PLANS, Deferred Compens

BENEFIT PLANS, Deferred Compensation Plan (Details) - Directors and Officers Deferral Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Deferred compensation plan, percentage vested	100.00%
Deferred compensation plan, total assets	$ 1,426,000	$ 1,359,000
Minimum [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Deferred compensation plan, deferred percentage	5.00%
Maximum [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Deferred compensation plan, deferred percentage	100.00%

BENEFIT PLANS, Employee Stock O

BENEFIT PLANS, Employee Stock Ownership Plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Shares held by ESOP [Abstract]
Allocated ESOP shares, beginning of year (in shares)	118,694	98,624
ESOP shares committed to be released during the year (in shares)	31,387	31,387
ESOP shares withdrawn during the year (in shares)	(8,371)	(11,317)
Unallocated ESOP shares (in shares)	282,479	313,866
Total ESOP shares, end of year (in shares)	424,189	432,560
Fair value of unallocated ESOP shares	$ 8,404,000	$ 8,147,000
ESOP expense	792,000	$ 682,000	$ 597,000
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%
Term of loan	15 years
Remaining principal balance on ESOP debt [Abstract]
2,017	$ 298,000
2,018	307,000
2,019	317,000
2,020	327,000
2,021	338,000
Thereafter	1,467,000
Total	$ 3,054,000

BENEFIT PLANS, 2012 Equity Ince

BENEFIT PLANS, 2012 Equity Incentive Plan (Details) - 2012 Equity Incentive Plan [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	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
Total share-based compensation expense for the year	$ 1.1	$ 1.1	$ 1.5
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares purchased (in shares)				223,382
Total cost of shares purchased				$ 3.6
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
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

BENEFIT PLANS, Restricted Stock

BENEFIT PLANS, Restricted Stock Award Activity (Details) - Restricted Stock [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restricted Stock Awards, Number of Shares [Roll Forward]
Unvested restricted shares, beginning of period (in shares)	121,610	161,906	223,382
Granted (in shares)			3,600
Vested (in shares)	(40,297)	(40,296)	(61,476)
Forfeited (in shares)			(3,600)
Unvested restricted shares, end of period (in shares)	81,313	121,610	161,906
Restricted Stock Awards, Weighted Average Grant Date Fair Value [Abstract]
Unvested restricted shares, beginning of period (in dollars per share)	$ 15.75	$ 15.75	$ 15.71
Granted (in dollars per share)			17.51
Vested (in dollars per share)	15.74	15.74	15.71
Forfeited (in dollars per share)			15.71
Unvested restricted shares, end of period (in dollars per share)	$ 15.76	$ 15.75	$ 15.75
Compensation Cost Not Yet Recognized [Abstract]
Unrecognized compensation expense, adjusted for expected forfeitures	$ 668
Weighted-average period over which compensation cost related to unvested awards is expected to be recognized	1 year 1 month 20 days

BENEFIT PLANS, Stock Option Act

BENEFIT PLANS, Stock Option Activity (Details) - Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock Options Available for Granting [Roll Forward]
Outstanding, beginning of period (in shares)	60,355	60,355	99,455
Granted (in shares)			(45,500)
Exercised (in shares)	0	0	0
Forfeited (in shares)			6,400
Outstanding, end of period (in shares)	60,355	60,355	60,355	99,455
Stock Options Outstanding [Roll Forward]
Outstanding, beginning of period (in shares)	450,500	496,500	459,000
Granted (in shares)			45,500
Exercised (in shares)	(6,600)	(46,000)	(1,600)
Forfeited (in shares)			(6,400)
Outstanding, end of period (in shares)	443,900	450,500	496,500	459,000
Options exercisable, end of period (in shares)	252,600
Stock Options Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, beginning of period (in dollars per share)	$ 16.03	$ 16	$ 15.71
Granted (in dollars per share)			18.85
Exercised (in dollars per share)	15.71	15.71	15.71
Forfeited (in dollars per share)			15.71
Outstanding, end of period (in dollars per share)	16.04	$ 16.03	$ 16	$ 15.71
Options exercisable, end of period (in dollars per share)	$ 15.93
Stock Options Outstanding, Remaining Contractual Life [Abstract]
Outstanding	6 years 2 months 26 days	7 years 2 months 26 days	7 years 7 months 10 days	9 years 1 month 6 days
Options exercisable	6 years 2 months 12 days
Stock Options Outstanding, Aggregate Intrinsic Value [Abstract]
Outstanding	$ 6,089	$ 4,473	$ 2,731	$ 706
Options exercisable	3,489
Compensation Cost Not Yet Recognized [Abstract]
Unrecognized compensation expense, adjusted for expected forfeitures	$ 533
Weighted-average period over which compensation cost related to unvested awards is expected to be recognized	1 year 5 months 8 days

BENEFIT PLANS, Assumptions Us85

BENEFIT PLANS, Assumptions Used in Determining Fair Value of Options Granted (Details) - Directors and Officers [Member]	12 Months Ended
	Dec. 31, 2014$ / shares
Weighted-average assumptions for the Black-Scholes model used in determining the fair value of options granted [Abstract]
Fair value per option award (in dollars per share)	$ 6
Expected life	6 years 6 months
Expected stock price volatility	26.89%
Expected dividend yield	0.00%
Risk-free interest rate	2.05%
Expected forfeiture rate	4.91%

COMMITMENTS AND CONTINGENCIES,

COMMITMENTS AND CONTINGENCIES, Commitments to Extend or Originate Credit and Under Standby Letters of Credit (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	$ 190,817	$ 171,459
Commitments to Extend or Originate Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	190,213	171,339
Commitments under Standby Letters of Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	$ 604	$ 120

COMMITMENTS AND CONTINGENCIES87

COMMITMENTS AND CONTINGENCIES, Operating Lease (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Option	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Future minimum lease payments under operating leases [Abstract]
2,017	$ 281
2,018	239
2,019	239
2,020	239
2,021	239
Thereafter	386
Total	1,623
Rental expense	$ 362	$ 362	$ 362
Operations Center Location [Member]
Operating Leased Assets [Line Items]
Lease commenced date	May 1, 2007
Initial term of lease	10 years
Number of renewal options | Option	4
Term of renewal options	5 years
Land [Member]
Operating Leased Assets [Line Items]
Lease commenced date	Feb. 1, 2007
Initial term of lease	20 years
Number of renewal options | Option	4
Term of renewal options	5 years
Monthly lease payments adjustment period	60 months

COMMITMENTS AND CONTINGENCIES88

COMMITMENTS AND CONTINGENCIES, Concentrations of Credit Risk and Investment Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Concentration Risk [Line Items]
Investment commitments					$ 2,000
Investment	$ 300	$ 200	$ 250	$ 350
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	Dec. 31, 2016	Dec. 31, 2015
Financial assets [Abstract]
Securities available for sale	$ 99,909	$ 137,555
Securities held to maturity	3,672	3,809
Estimated Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	46,724	33,401
Securities available for sale	99,909	137,555
Securities held to maturity	3,875	4,086
Investments in FHLB stock	2,829	2,807
Loans held for sale	7,299	7,169
Loans receivable, net	595,305	572,286
Accrued interest receivable	2,328	2,456
Deferred compensation assets	1,426	1,359
Financial liabilities [Abstract]
Demand deposits	516,125	495,628
Time deposits	130,397	135,212
Repurchase agreements	392	324
Federal Home Loan Bank Advances	50,717	52,116
Deferred compensation liabilities	1,430	1,365
Accrued interest payable	120	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	46,724	33,401
Securities available for sale	763	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	1,426	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	1,430	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	99,146	136,797
Securities held to maturity	3,875	4,086
Investments in FHLB stock	0	0
Loans held for sale	7,299	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	595,305	572,286
Accrued interest receivable	2,328	2,456
Deferred compensation assets	0	0
Financial liabilities [Abstract]
Demand deposits	516,125	495,628
Time deposits	130,397	135,212
Repurchase agreements	392	324
Federal Home Loan Bank Advances	50,717	52,116
Deferred compensation liabilities	0	0
Accrued interest payable	120	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 Sheets [Member]
Financial assets [Abstract]
Cash and cash equivalents	46,724	33,401
Securities available for sale	99,909	137,555
Securities held to maturity	3,672	3,809
Investments in FHLB stock	2,829	2,807
Loans held for sale	7,145	7,018
Loans receivable, net	597,038	569,798
Accrued interest receivable	2,328	2,456
Deferred compensation assets	1,426	1,359
Financial liabilities [Abstract]
Demand deposits	516,125	495,628
Time deposits	131,498	135,276
Repurchase agreements	392	327
Federal Home Loan Bank Advances	50,000	50,000
Deferred compensation liabilities	1,430	1,365
Accrued interest payable	120	121
Total Carrying Amount in Balance Sheets [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 Sheets [Member] | Commitments under Standby Letters of Credit [Member]
Financial instruments whose contract amounts represent credit risk [Abstract]
Commitments	$ 0	$ 0

FAIR VALUE MEASUREMENTS, Assets

FAIR VALUE MEASUREMENTS, Assets and Liabilities Recorded at Fair Value On a Recurring Basis (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Securities available for sale [Abstract]
Securities available for sale		$ 99,909	$ 137,555
Asset-backed Securities Issued by the Small Business Administration (SBA) [Member]
Securities available for sale [Abstract]
Securities available for sale		4,413	17,144
Residential Mortgage-backed Securities Issued by GSEs [Member]
Securities available for sale [Abstract]
Securities available for sale	[1]	39,974	50,948
Mutual Funds [Member]
Securities available for sale [Abstract]
Securities available for sale		763	758
Assets/ Liabilities Measured at Fair Value [Member]
Securities available for sale [Abstract]
Securities available for sale		99,909	137,555
Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member]
Securities available for sale [Abstract]
Securities available for sale		763	758
Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member]
Securities available for sale [Abstract]
Securities available for sale		99,146	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		99,909	137,555
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member]
Securities available for sale [Abstract]
Securities available for sale		99,909	137,555
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | U.S. Government Sponsored Enterprise (GSE) and Agency Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		2,089	2,114
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Asset-backed Securities Issued by the Small Business Administration (SBA) [Member]
Securities available for sale [Abstract]
Securities available for sale		4,413	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		39,974	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		52,670	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		763	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		763	758
Defined benefit plan assets [Abstract]
Total assets, net of liabilities			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			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			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			12,089
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 1 [Member] | Equity Securities 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. Government Sponsored Enterprise (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 Securities Issued by the Small Business Administration (SBA) [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		763	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		99,146	136,797
Defined benefit plan assets [Abstract]
Total assets, net of liabilities			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
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
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
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | Equity Securities 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. Government Sponsored Enterprise (GSE) and Agency Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		2,089	2,114
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 2 [Member] | Asset-backed Securities Issued by the Small Business Administration (SBA) [Member]
Securities available for sale [Abstract]
Securities available for sale		4,413	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		39,974	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		52,670	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]
Total assets, net of liabilities			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
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
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
Fair Value, Measurements, Recurring [Member] | Assets/ Liabilities Measured at Fair Value [Member] | Level 3 [Member] | Equity Securities 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. Government Sponsored Enterprise (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 Securities Issued by the Small Business Administration (SBA) [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		99,909	137,555
Fair Value, Measurements, Recurring [Member] | Total Carrying Amount in Balance Sheets [Member] | U.S. Government Sponsored Enterprise (GSE) and Agency Securities [Member]
Securities available for sale [Abstract]
Securities available for sale		2,089	2,114
Fair Value, Measurements, Recurring [Member] | Total Carrying Amount in Balance Sheets [Member] | Asset-backed Securities Issued by the Small Business Administration (SBA) [Member]
Securities available for sale [Abstract]
Securities available for sale		4,413	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		39,974	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		52,670	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		$ 763	$ 758
[1]	Residential mortgage-backed securities were issued by United States government sponsored entities 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, 2016 and December 31, 2015 or during the periods then ended.

FAIR VALUE MEASUREMENTS, Asse91

FAIR VALUE MEASUREMENTS, Assets and Liabilities Recorded at Fair Value on Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Assets/ Liabilities Measured at Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired loans	[1]	$ 595	$ 1,876
Foreclosed properties	[1]	1,806	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		595	1,876
Foreclosed properties		1,806	1,682
Total Carrying Amount in Balance Sheets [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired loans	[1]	595	1,876
Foreclosed properties	[1]	$ 1,806	$ 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		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value	[1]	$ 595	$ 1,876
Foreclosed Properties [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value	[1]	$ 1,806	$ 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]	23.00%	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]	6.00%	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.

CONDENSED FINANCIAL STATEMENT93

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY, Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets [Abstract]
Cash on deposit with bank subsidiary	$ 10,862	$ 9,563
Interest-earning deposits with other financial institutions	35,862	23,838
Total cash and cash equivalents	46,724	33,401	$ 56,858	$ 52,791
Other assets	8,267	6,487
Total assets	795,823	782,853
Liabilities and Shareholders' Equity [Abstract]
Total liabilities	704,686	693,171
Total shareholders' equity	91,137	89,682	94,397	101,088
Total liabilities and shareholders' equity	795,823	782,853
ASB Bancorp, Inc. [Member]
Assets [Abstract]
Cash on deposit with bank subsidiary	857	711
Interest-earning deposits with other financial institutions	1,443	1,040
Total cash and cash equivalents	2,300	1,751	$ 3,224	$ 5,520
ESOP loan receivable	3,054	3,342
Investment in bank subsidiary	85,811	84,122
Other assets	41	535
Total assets	91,206	89,750
Liabilities and Shareholders' Equity [Abstract]
Other liabilities	69	68
Total liabilities	69	68
Total shareholders' equity	91,137	89,682
Total liabilities and shareholders' equity	$ 91,206	$ 89,750

CONDENSED FINANCIAL STATEMENT94

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY, Condensed Statements of Net Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Condensed Financial Statements, Captions [Line Items]
Other interest and dividend income									$ 316	$ 263	$ 338
Noninterest expenses	$ 13,191	$ 5,861	$ 5,637	$ 5,761	$ 5,921	$ 5,837	$ 6,010	$ 5,772	30,450	23,540	23,548
Income tax benefit	(2,004)	907	940	601	735	496	437	315	444	1,983	1,260
Net income (loss)	$ (3,324)	$ 1,725	$ 1,696	$ 1,121	$ 946	$ 1,142	$ 865	$ 622	1,218	3,575	2,489
ASB Bancorp, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Dividend distributions from bank subsidiary									3,910	8,500	5,000
Other interest and dividend income									115	125	150
Other noninterest income									0	0	(5)
Total income									4,025	8,625	5,145
Noninterest expenses									559	615	566
Total expenses									559	615	566
Income before income taxes and equity in income of bank subsidiary net of dividend distributions									3,466	8,010	4,579
Income tax benefit									(151)	(166)	(143)
Net income before equity in income of bank subsidiary net of dividend distributions									3,617	8,176	4,722
Equity in income of bank subsidiary net of dividend distributions									(2,399)	(4,601)	(2,233)
Net income (loss)									$ 1,218	$ 3,575	$ 2,489

CONDENSED FINANCIAL STATEMENT95

CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY, Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Activities [Abstract]
Net income	$ (3,324)	$ 1,725	$ 1,696	$ 1,121	$ 946	$ 1,142	$ 865	$ 622	$ 1,218	$ 3,575	$ 2,489
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]
Net amortization of premiums on securities									2,029	2,649	3,303
Loss on sale of securities									(1,321)	(575)	(211)
Decrease (increase) in income tax receivable									(942)	560	103
Decrease in interest receivable									128	(226)	297
Net change in other assets and liabilities									7,415	1,988	142
Net cash provided by operating activities									4,890	9,388	8,108
Securities available for sale [Abstract]
Proceeds from sales									57,773	69,086	55,821
Principal repayments on mortgage-backed and asset-backed securities									10,445	12,359	16,335
Net cash provided by (used in) investing activities									(3,518)	(49,242)	(21,675)
Financing Activities [Abstract]
Common stock repurchased									(5,037)	(11,575)	(12,902)
Net cash provided by (used in) financing activities									11,951	16,397	17,634
Net increase (decrease) in cash and cash equivalents									13,323	(23,457)	4,067
Cash and cash equivalents [Abstract]
Beginning of period				33,401				56,858	33,401	56,858	52,791
End of period	46,724				33,401				46,724	33,401	56,858
Non-cash investing and financing transactions [Abstract]
Change in unrealized gain on securities available for sale									(2,991)	222	4,928
Change in deferred income taxes resulting from other comprehensive income									908	(525)	(993)
ASB Bancorp, Inc. [Member]
Operating Activities [Abstract]
Net income									1,218	3,575	2,489
Adjustments to reconcile net income to net cash provided by operating activities [Abstract]
Equity in income of bank subsidiary net of dividend distributions									2,399	4,601	2,233
Net amortization of premiums on securities									0	0	32
Loss on sale of securities									0	0	5
Decrease (increase) in income tax receivable									507	(168)	(144)
Decrease in interest receivable									0	0	13
Net change in other assets and liabilities									(12)	11	31
Net cash provided by operating activities									4,112	8,019	4,659
Securities available for sale [Abstract]
Proceeds from sales									0	0	3,755
Principal repayments on mortgage-backed and asset-backed securities									0	0	412
ESOP principal payments received									288	279	271
Net cash provided by (used in) investing activities									288	279	4,438
Financing Activities [Abstract]
Proceeds from exercise of stock options									104	722	25
Proceeds from bank subsidiary for stock-based compensation expense									1,082	1,082	1,484
Common stock repurchased									(5,037)	(11,575)	(12,902)
Net cash provided by (used in) financing activities									(3,851)	(9,771)	(11,393)
Net increase (decrease) in cash and cash equivalents									549	(1,473)	(2,296)
Cash and cash equivalents [Abstract]
Beginning of period				$ 1,751				$ 3,224	1,751	3,224	5,520
End of period	$ 2,300				$ 1,751				2,300	1,751	3,224
Non-cash investing and financing transactions [Abstract]
Change in unrealized gain on securities available for sale									0	0	28
Change in deferred income taxes resulting from other comprehensive income									$ 0	$ 0	$ (11)

UNAUDITED INTERIM FINANCIAL I96

UNAUDITED INTERIM FINANCIAL INFORMATION, Unaudited Condensed Statements of Income (Loss) for Each of Quarters (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
UNAUDITED INTERIM FINANCIAL INFORMATION [Abstract]
Interest and dividend income	$ 6,934	$ 6,982	$ 6,755	$ 6,677	$ 6,533	$ 6,459	$ 6,289	$ 6,154	$ 27,348	$ 25,435	$ 23,502
Interest expense	875	871	854	844	867	877	880	861	3,444	3,485	3,536
Net interest income	6,059	6,111	5,901	5,833	5,666	5,582	5,409	5,293	23,904	21,950	19,966
Provision for (recovery of) loan losses	137	(92)	104	399	(89)	191	65	194	548	361	(998)
Net interest income after provision for (recovery of) loan losses	5,922	6,203	5,797	5,434	5,755	5,391	5,344	5,099	23,356	21,589	20,964
Noninterest income	1,941	2,290	2,476	2,049	1,847	2,084	1,968	1,610	8,756	7,509	6,333
Noninterest expenses	13,191	5,861	5,637	5,761	5,921	5,837	6,010	5,772	30,450	23,540	23,548
Income (loss) before income tax provision (benefit)	(5,328)	2,632	2,636	1,722	1,681	1,638	1,302	937	1,662	5,558	3,749
Income tax provision (benefit)	(2,004)	907	940	601	735	496	437	315	444	1,983	1,260
Net income (loss)	$ (3,324)	$ 1,725	$ 1,696	$ 1,121	$ 946	$ 1,142	$ 865	$ 622	$ 1,218	$ 3,575	$ 2,489
Net income (loss) per common share - Basic (in dollars per share)	$ (0.97)	$ 0.51	$ 0.47	$ 0.31	$ 0.25	$ 0.29	$ 0.22	$ 0.16	$ 0.35	$ 0.92	$ 0.60
Net income (loss) per common share - Diluted (in dollars per share)	$ (0.97)	$ 0.48	$ 0.45	$ 0.30	$ 0.24	$ 0.28	$ 0.21	$ 0.16	$ 0.33	$ 0.89	$ 0.59