Wellesley Bancorp 10-Q 10 Aug 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 01, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Registrant Name	Wellesley Bancorp, Inc.
Entity Central Index Key	1,526,952
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	WEBK
Entity Common Stock, Shares Outstanding		2,489,852

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 3,455	$ 3,607
Short-term investments	18,818	24,818
Total cash and cash equivalents	22,273	28,425
Certificates of deposit	100	100
Securities available for sale, at fair value	66,471	64,648
Federal Home Loan Bank of Boston stock, at cost	6,436	5,758
Loans held for sale	1,057	1,454
Loans	623,133	581,563
Less allowance for loan losses	(5,543)	(5,432)
Loans, net	617,590	576,131
Bank-owned life insurance	7,417	7,303
Premises and equipment, net	3,665	3,876
Accrued interest receivable	1,626	1,647
Net deferred tax asset	2,674	2,742
Other assets	3,032	3,199
Total assets	732,341	695,283
Deposits:
Non-interest-bearing	96,017	94,946
Interest-bearing	439,217	427,864
Total deposits	535,234	522,810
Short-term borrowings	24,250	21,250
Long-term debt	100,848	83,020
Subordinated debt	9,786	9,769
Accrued expenses and other liabilities	4,557	3,220
Total liabilities	674,675	640,069
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value; 14,000,000 shares authorized, 2,489,852 and 2,484,852 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	25	25
Additional paid-in capital	25,134	24,703
Retained earnings	33,593	31,999
Accumulated other comprehensive income (loss)	134	(229)
Unearned compensation - ESOP	(1,220)	(1,284)
Total stockholders' equity	57,666	55,214
Total liabilities and stockholders' equity	$ 732,341	$ 695,283

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	14,000,000	14,000,000
Common Stock, Shares, Issued	2,489,852	2,484,852
Common Stock, Shares, Outstanding	2,489,852	2,484,852

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest and dividend income:
Interest and fees on loans and loans held for sale	$ 6,355	$ 5,614	$ 12,332	$ 11,171
Debt securities:
Taxable	333	340	672	670
Tax-exempt	78	54	147	107
Short-term investments and certificates of deposit	42	17	85	40
FHLB stock	59	49	116	95
Total interest and dividend income	6,867	6,074	13,352	12,083
Interest expense:
Deposits	828	758	1,621	1,539
Short-term borrowings	48	24	80	40
Long-term debt	299	261	585	506
Subordinated debt	158	159	316	318
Total interest expense	1,333	1,202	2,602	2,403
Net interest income	5,534	4,872	10,750	9,680
Provision for loan losses	122	125	122	187
Net interest income, after provision for loan losses	5,412	4,747	10,628	9,493
Non-interest income:
Customer service fees	36	32	70	58
Mortgage banking activities	21	108	64	140
Gain on sale of securities, net	0	16	0	16
Income on bank-owned life insurance	57	57	114	115
Wealth management fees	308	238	603	449
Miscellaneous	27	59	119	77
Total non-interest income	449	510	970	855
Non-interest expense:
Salaries and employee benefits	2,501	2,378	5,110	4,680
Occupancy and equipment	707	687	1,403	1,350
Data processing	220	177	421	373
FDIC insurance	150	82	297	159
Professional fees	182	278	355	469
Other general and administrative	565	465	1,032	942
Total non-interest expense	4,325	4,067	8,618	7,973
Income before income taxes	1,536	1,190	2,980	2,375
Provision for income taxes	599	463	1,162	916
Net income	937	727	1,818	1,459
Other comprehensive income :
Net unrealized holding gains on available-for-sale securities	340	526	577	1,316
Reclassification adjustment for net gain on sale of securities recognized in non-interest income	0	(16)	0	(16)
Income tax expense	(127)	(65)	(214)	(488)
Total other comprehensive income	213	445	363	812
Comprehensive income	$ 1,150	$ 1,172	$ 2,181	$ 2,271
Earnings per common share:
Basic (in dollars per share)	$ 0.40	$ 0.31	$ 0.77	$ 0.63
Diluted (in dollars per share)	$ 0.38	$ 0.31	$ 0.74	$ 0.62
Weighted average shares outstanding:
Basic (in shares)	2,364,581	2,322,147	2,361,336	2,320,542
Diluted (in shares)	2,449,413	2,352,092	2,445,712	2,345,946

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (loss) [Member]	Unearned Compensation - ESOP [Member]
Balance at Dec. 31, 2015	$ 52,178	$ 25	$ 23,992	$ 29,411	$ 162	$ (1,412)
Balance (in shares) at Dec. 31, 2015		2,458,553
Comprehensive income	2,271	$ 0	0	1,459	812	0
Dividends paid to common stockholders	(172)	0	0	(172)	0	0
Share-based compensation - equity incentive plan	254	0	254	0	0	0
Tax benefit from stock based compensation	1	0	1	0	0	0
ESOP shares committed to be allocated	124	0	60	0	0	64
Balance at Jun. 30, 2016	54,656	$ 25	24,307	30,698	974	(1,348)
Balance (in shares) at Jun. 30, 2016		2,458,553
Balance at Dec. 31, 2016	55,214	$ 25	24,703	31,999	(229)	(1,284)
Balance (in shares) at Dec. 31, 2016		2,484,852
Comprehensive income	2,181	$ 0	0	1,818	363	0
Dividends paid to common stockholders	(224)	0	0	(224)	0	0
Issuance of restricted stock	0	$ 0	0	0	0	0
Issuance of restricted stock (in shares)		5,000
Share-based compensation - equity incentive plan	321	$ 0	321	0	0	0
ESOP shares committed to be allocated	174	0	110	0	0	64
Balance at Jun. 30, 2017	$ 57,666	$ 25	$ 25,134	$ 33,593	$ 134	$ (1,220)
Balance (in shares) at Jun. 30, 2017		2,489,852

CONSOLIDATED STATEMENTS OF CHA6

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY [Parenthetical] - $ / shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Dividends paid to common stockholders, per share	$ 0.09	$ 0.07
ESOP shares committed to be allocated, Shares	6,419	6,419

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 1,818	$ 1,459
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	122	187
Depreciation and amortization	380	354
Net amortization of securities	115	179
Gain on sale of securities, net	0	(16)
Principal amount of loans sold	5,063	11,697
Loans originated for sale	(4,666)	(13,380)
Accretion of net deferred loan fees	(286)	(300)
Amortization of subordinated debt issuance costs	17	18
Income on bank-owned life insurance	(114)	(115)
Deferred income tax provision (benefit)	(146)	7
ESOP expense	174	124
Share-based compensation	321	254
Net change in other assets and liabilities	1,525	784
Net cash provided by operating activities	4,323	1,252
Activity in securities available for sale:
Maturities, prepayments and calls	1,652	11,381
Purchases	(3,013)	(14,726)
Proceeds from sales of securities, net	0	93
Redemption (purchase) of Federal Home Loan Bank stock	(678)	64
Loan originations, net of principal payments	(41,295)	(22,907)
Additions to premises and equipment	(169)	(839)
Net cash used by investing activities	(43,503)	(26,934)
Cash flows from financing activities:
Net increase in deposits	12,424	20,799
Proceeds from long-term debt	36,000	9,500
Repayments of long-term debt	(18,172)	(8,169)
Increase (decrease) in short-term borrowings	3,000	(750)
Excess tax benefits from share-based compensation	0	1
Cash dividends paid on common stock	(224)	(172)
Net cash provided by financing activities	33,028	21,209
Net change in cash and cash equivalents	(6,152)	(4,473)
Cash and cash equivalents at beginning period	28,425	28,178
Cash and cash equivalents at end of period	22,273	23,705
Supplementary information:
Interest paid	2,550	2,398
Income taxes paid	$ 1,483	$ 825

BASIS OF PRESENTATION AND CONSO

BASIS OF PRESENTATION AND CONSOLIDATION	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	NOTE 1 – BASIS OF PRESENTATION AND CONSOLIDATION The accompanying unaudited interim consolidated financial statements include the accounts of Wellesley Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Wellesley Bank (the “Bank”), the principal operating entity, and its wholly-owned subsidiaries: Wellesley Securities Corporation, which engages in the business of buying, selling and dealing in securities exclusively on its own behalf; Wellesley Investment Partners, LLC, formed to provide investment management services for individuals, not-for-profit entities and businesses; and Central Linden, LLC, to hold, manage and sell foreclosed real estate. All significant intercompany balances and transactions have been eliminated in consolidation. Assets under management at Wellesley Investment Partners, LLC are not included in these consolidated financial statements because they are not assets of the Company. These financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information, and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. The accompanying consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s 2016 Annual Report on Form 10-K. The results for the three and six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 or for any other period.

LOAN POLICIES

LOAN POLICIES	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Loan Portfolio [Text Block]	NOTE 2 – LOAN POLICIES The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in our primary market areas in eastern Massachusetts. The ability of the Company’s debtors to honor their contracts is dependent upon the economy in general and the real estate and construction sectors within our markets. Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred loan origination fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Interest is generally not accrued on loans which are identified as impaired or loans which are ninety days or more past due. Past due status is based on the contractual terms of the loan. Interest income previously accrued on such loans is reversed against current period interest income. Interest income on non-accrual loans is recognized only to the extent of interest payments received and is first applied to the outstanding principal balance when collectibility of principal is in doubt. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured through sustained payment performance for at least six months. Allowance for loan losses The allowance for loan losses is established through a provision for loan losses charged to earnings as losses are estimated to have occurred. Loan losses are charged against the allowance when management believes the uncollectibility of the loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components. General component The general component is based on the following loan segments: residential real estate, commercial real estate, construction, commercial, home equity lines of credit and other consumer. Management considers a rolling average of historical losses for each segment based on a time frame appropriate to capture relevant loss data for each loan segment, generally three and 10 The qualitative factor adjustments are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate – The Company generally does not originate loans with a loan-to-value ratio greater than 80 Commercial real estate – Loans in this segment are primarily income-producing properties in the Company’s primary market areas in eastern Massachusetts. The underlying cash flows generated by the properties may be adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management typically obtains rent rolls annually and continually monitors the cash flows of these loans. Construction – Loans in this segment include speculative construction loans primarily on residential properties for which payment is derived from the sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions. Residential construction loans in this segment also include loans to build one-to-four family owner-occupied properties which are subject to the same credit quality factors as residential real estate. Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Home equity lines of credit – Loans in this segment are collateralized by one-to-four family residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Other consumer – Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the fair value of the loan or, if the loan is collateral dependent, by the fair value of the collateral, less estimated costs to sell. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify performing individual residential and consumer loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due, according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as 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 record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. Unallocated component An unallocated component is maintained to cover additional uncertainties in management’s estimation of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	NOTE 3 – COMPREHENSIVE INCOME Accounting principles generally require that recognized revenue, expenses, and gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the stockholders’ equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income/loss. June 30, December 31, 2017 2016 (In thousands) Unrealized holding gains (losses) on securities available for sale $ 203 $ (374) Tax effect (69) 145 Net-of tax amount $ 134 $ (229)

RECENT ACCOUNTING AND REGULATOR

RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2017
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 4 – RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS Effective January 1, 2017, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2016-09, Compensation-Stock Compensation (Topic 718). During the quarter ended March 31, 2017, the FASB issued ASU 2017-08, Receivables - Non-refundable Fees and Other Costs (Subtopic 310-20), In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) Topic 605, Revenue Recognition In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10), In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842 In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718) Topic 718, Compensation-Stock Compensation,

SECURITIES AVAILABLE FOR SALE

SECURITIES AVAILABLE FOR SALE	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 5 – SECURITIES AVAILABLE FOR SALE June 30, 2017 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Residential mortgage-backed securities: Government National Mortgage Association $ 3,619 $ 47 $ (35) $ 3,631 Government-sponsored enterprises 12,507 110 (77) 12,540 SBA and other asset-backed securities 11,882 122 (75) 11,929 State and municipal bonds 12,380 226 (46) 12,560 Government-sponsored enterprise obligations 8,000 — (131) 7,869 Corporate bonds 17,880 102 (40) 17,942 $ 66,268 $ 607 $ (404) $ 66,471 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Residential mortgage-backed securities: Government National Mortgage Association $ 3,876 $ 55 $ (33) $ 3,898 Government-sponsored enterprises 13,134 73 (97) 13,110 SBA and other asset-backed securities 12,571 70 (140) 12,501 State and municipal bonds 9,533 93 (156) 9,470 Government-sponsored enterprise obligations 8,000 — (197) 7,803 Corporate bonds 17,908 55 (97) 17,866 $ 65,022 $ 346 $ (720) $ 64,648 There were no proceeds from sales of available-for-sale securities for the three and six months ended June 30, 2017. For the three and six months ended June 30, 2016, proceeds from sales of available-for-sale securities amounted to $ 93 16 Amortized Fair Cost Value (In thousands) Within 1 year $ 3,019 $ 3,020 After 1 year to 5 years 12,627 12,642 After 5 years to 10 years 15,044 15,066 After 10 years 7,570 7,643 38,260 38,371 Mortgage- and asset-backed securities 28,008 28,100 $ 66,268 $ 66,471 Less Than Twelve Months Over Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value (In thousands) June 30, 2017 Residential mortgage-backed securities: Government National Mortgage Association $ (15) $ 941 $ (20) $ 851 Government-sponsored enterprises (56) 3,756 (21) 488 SBA and other asset-backed securities (75) 3,379 — — State and municipal bonds (45) 3,644 (1) 100 Government-sponsored enterprise obligations (131) 7,869 — — Corporate bonds (37) 2,718 (3) 994 $ (359) $ 22,307 $ (45) $ 2,433 December 31, 2016 Residential mortgage-backed securities: Government National Mortgage Association $ (11) $ 1,214 $ (22) $ 849 Government-sponsored enterprises (85) 6,771 (12) 540 SBA and other asset-backed securities (115) 6,109 (25) 1,608 State and municipal bonds (154) 5,257 (2) 396 Government-sponsored enterprise obligations (197) 7,803 — — Corporate bonds (93) 7,360 (4) 992 $ (655) $ 34,514 $ (65) $ 4,385 Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluations. At June 30, 2017, various debt securities have unrealized losses with aggregate depreciation of 1.6

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Jun. 30, 2017
Notes and Loans Payable, Current [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 6 – LOANS AND ALLOWANCE FOR LOAN LOSSES June 30, December 31, 2017 2016 (In thousands) Real estate loans: Residential – fixed $ 26,086 $ 18,573 Residential – variable 271,018 249,486 Commercial 123,882 121,134 Construction 118,320 110,390 539,306 499,583 Commercial loans: Secured 50,274 49,126 Unsecured 222 221 50,496 49,347 Consumer loans: Home equity lines of credit 33,015 32,437 Other 223 216 33,238 32,653 Total loans 623,040 581,583 Less: Allowance for loan losses (5,543) (5,432) Net deferred origination costs (fees) 93 (20) Loans, net $ 617,590 $ 576,131 Residential Commercial Home Other Real Estate Real Estate Construction Commercial Equity Consumer Unallocated Total (In thousands) Three Months Ended June 30, 2017 Allowance at March 31, 2017 $ 1,487 $ 1,134 $ 1,695 $ 710 $ 211 $ 3 $ 181 $ 5,421 Provision (credit) for loan losses 76 37 65 4 4 (1) (63) 122 Allowance at June 30, 2017 $ 1,563 $ 1,171 $ 1,760 $ 714 $ 215 $ 2 $ 118 $ 5,543 Three Months Ended June 30, 2016 Allowance at March 31, 2016 $ 1,520 $ 1,043 $ 1,587 $ 589 $ 221 $ 2 $ 212 $ 5,174 Provision (credit) for loan losses (45) (7) 117 54 39 1 (34) 125 Loans charged off (102) — — — (11) — — (113) Allowance at June 30, 2016 $ 1,373 $ 1,036 $ 1,704 $ 643 $ 249 $ 3 $ 178 $ 5,186 Six Months Ended June 30, 2017 Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Provision (credit) for loan losses 141 26 (67) 11 4 10 (3) 122 Loans charged off — — — — — (11) — (11) Allowance at June 30, 2017 $ 1,563 $ 1,171 $ 1,760 $ 714 $ 215 $ 2 $ 118 $ 5,543 Six Months Ended June 30, 2016 Allowance at December 31, 2014 $ 1,490 $ 1,025 $ 1,684 $ 509 $ 238 $ 2 $ 164 $ 5,112 Provision (credit) for loan losses (15) 11 20 134 22 1 14 187 Loans charged off (102) — — — (11) — — (113) Allowance at June 30, 2016 $ 1,373 $ 1,036 $ 1,704 $ 643 $ 249 $ 3 $ 178 $ 5,186 Residential Commercial Home Other Real Estate Real Estate Construction Commercial Equity Consumer Unallocated Total (In thousands) June 30, 2017 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 1,563 1,171 1,760 714 215 2 118 5,543 Total allowance $ 1,563 $ 1,171 $ 1,760 $ 714 $ 215 $ 2 $ 118 $ 5,543 Impaired loan balances $ 175 $ 582 $ — $ — $ — $ — $ — $ 757 Non-impaired loan balances 296,929 123,300 118,320 50,496 33,015 223 — 622,283 Total loans $ 297,104 $ 123,882 $ 118,320 $ 50,496 $ 33,015 $ 223 $ — $ 623,040 December 31, 2016 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 1,422 1,145 1,827 703 211 3 121 5,432 Total allowance $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Impaired loan balances $ 179 591 $ — $ — $ — $ — $ — $ 770 Non-impaired loan balances 267,880 120,543 110,390 49,347 32,437 216 — 580,813 Total loans $ 268,059 $ 121,134 $ 110,390 $ 49,347 $ 32,437 $ 216 $ — $ 581,583 Past Due 90 Past Due 90 Days or More 30-59 Days 60-89 Days Days or Total and Still Non-accrual Past Due Past Due More Past Due Accruing Loans (In thousands) June 30, 2017 Commercial real estate $ 964 $ — $ — $ 964 $ — $ 582 December 31, 2016 Commercial real estate $ — $ 979 $ 591 $ 1,570 $ — $ 591 Home equity lines of credit — 208 — 208 — — Total $ — $ 1,187 $ 591 $ 1,778 $ — $ 591 June 30, 2017 December 31, 2016 Unpaid Unpaid Recorded Principal Recorded Principal Investment Balance Investment Balance (In thousands) Impaired loans without a valuation allowance: Residential real estate $ 175 $ 193 $ 179 $ 196 Commercial real estate 582 714 591 646 Total impaired loans $ 757 $ 907 $ 770 $ 842 Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Interest Interest Average Interest Income Average Interest Income Recorded Income Recognized Recorded Income Recognized Investment Recognized on Cash Basis Investment Recognized on Cash Basis (In thousands) Residential real estate $ 176 $ 2 $ — $ 177 $ 3 $ — Commercial real estate 581 43 43 583 43 43 Total $ 757 $ 45 $ 43 $ 760 $ 46 $ 43 Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Interest Interest Average Interest Income Average Interest Income Recorded Income Recognized Recorded Income Recognized Investment Recognized on Cash Basis Investment Recognized on Cash Basis (In thousands) Residential real estate $ 468 $ 5 $ 3 $ 516 $ 11 $ 8 Commercial real estate 626 — — 633 — — Commercial 8 — — 9 — — Home equity lines of credit 32 — — 33 1 1 Total $ 1,134 $ 5 $ 3 $ 1,191 $ 12 $ 9 No additional funds are committed to be advanced in connection with impaired loans. Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment (In thousands) Commercial real estate $ 1 $ 572 $ 582 The Company recorded a TDR for one commercial borrower which capitalized past-due interest over the remaining term of the loan in accordance with their bankruptcy filing during the three and six months ended June 30, 2017. There were no TDRs recorded during the three and six months ended June 30, 2016. There were no TDRs that defaulted during the three and six months ended June 30, 2017 and 2016, and for which default was within one year of the restructure date. Credit Quality Information The Company utilizes an eleven-grade internal loan rating system for commercial real estate, construction and commercial loans. Loans rated 1-4: Loans in these categories are considered “pass” rated loans with low to average risk. Loans rated 5: Loans in this category are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management. Loans rated 6: Loans in this category are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected. Loans rated 7: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Loans rated 8: Loans in this category are considered “loss” or uncollectible and of such little value that their continuance as loans is not warranted. Loans rated 9: Loans in this category only include commercial loans under $ 25 Loans rated 10: Loans in this category include loans which otherwise require rating but which have not been rated, or loans for which the Company’s loan policy does not require rating. Loans rated 11: Loans in this category include credit commitments/relationships that cannot be rated due to a lack of financial information or inaccurate financial information. If, within 60 On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial real estate, construction and commercial loans. During each calendar year, the Company engages an independent third party to review a significant portion of loans within these segments. Management uses the results of these reviews as part of its annual review process. On a monthly basis, the Company reviews the residential real estate and consumer loan portfolio for credit quality primarily through the use of delinquency reports. June 30, 2017 December 31, 2016 Commercial Commercial Real Estate Construction Commercial Total Real Estate Construction Commercial Total (In thousands) Loans rated 1 -4 $ 119,111 $ 118,320 $ 49,473 $ 286,904 $ 115,110 $ 110,390 $ 46,820 $ 272,320 Loans rated 5 4,189 — 325 4,514 5,433 — 1,569 7,002 Loans rated 6 — — 698 698 — — 958 958 Loans rated 7 582 — — 582 591 — — 591 Total $ 123,882 $ 118,320 $ 50,496 $ 292,698 $ 121,134 $ 110,390 $ 49,347 $ 280,871

FAIR VALUES OF FINANCIAL INSTRU

FAIR VALUES OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2017
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Instruments Disclosure [Text Block]	NOTE 7 – FAIR VALUES OF FINANCIAL INSTRUMENTS Fair value hierarchy The Company groups its assets generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted market prices in active exchange markets for identical assets and liabilities. Valuations are obtained from readily available pricing sources. Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets and 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 and liabilities. Valuations are obtained from readily available pricing sources. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. Level 3 assets include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as those for which the determination of fair value requires significant management judgment or estimation. Transfers between levels are recognized at the end of a reporting period, if applicable. Determination of fair value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The following methods and assumptions were used by the Company in estimating fair value disclosures: Cash, cash equivalents and certificates of deposit : The carrying amounts approximate fair values based on the short-term nature of the assets. Securities available for sale : Fair value measurements are obtained from a third-party pricing service and are not adjusted by management. All securities are measured at fair value in Level 2 based on valuation models that consider standard input factors such as observable market data, benchmark yields, interest rate volatilities, broker/dealer quotes, credit spreads and new issue data. Federal Home Loan Bank (“FHLB”) stock : The carrying value of FHLB stock is deemed to approximate fair value based on the redemption provisions of the FHLB of Boston. Loans held for sale : Fair values are based on commitments in effect from investors or prevailing market prices. Loans, net : For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Fair values for other loans are estimated using discounted cash flow analyses, using market interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Fair values for impaired loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable. Deposits : The fair values disclosed for non-certificate deposit accounts are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits. Short-term borrowings : The carrying amount of short-term borrowings approximates fair value, based on the short-term nature of the liabilities. Long-term debt : The fair values of long-term debt are estimated using discounted cash flow analyses based on the current incremental borrowing rates in the market for similar types of borrowing arrangements. Subordinated debt : The fair values reported for subordinated debentures are based on the discounted value of contractual cash flows. The discount rates used are representative of approximate rates currently offered on instruments with similar terms and maturities. Accrued interest : The carrying amounts of accrued interest approximate fair value. Forward loan sale commitments and derivative loan commitments : The fair value of forward loan sale commitments and derivative loan commitments are based on fair values of the underlying mortgage loans, including servicing values as applicable. The fair value of derivative loan commitments also considers the probability of such commitments being exercised. Off-balance sheet instruments : Fair values for off-balance-sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair values of these instruments are considered immaterial. Assets and liabilities measured at fair value on a recurring basis Total Level 1 Level 2 Level 3 Fair Value (In thousands) June 30, 2017 Assets Securities available for sale $ — $ 66,471 $ — $ 66,471 Forward loan sale commitments — 24 — 24 Total assets $ — $ 66,495 $ — $ 66,495 Liabilities Derivative loan commitments $ — $ 9 $ — $ 9 December 31, 2016 Assets Securities available for sale $ — $ 64,648 $ — $ 64,648 Forward loan sale commitments — 72 — 72 Total assets $ — $ 64,720 $ — $ 64,720 Liabilities Derivative loan commitments $ — $ 17 $ — $ 17 Assets measured at fair value on a non-recurring basis The Company may also be required, from time to time, to measure certain other financial assets at fair value on a non-recurring basis in accordance with generally accepted accounting principles. These adjustments to fair value usually result from application of lower-of-cost-or-market (“LOCOM”) accounting or write-downs of individual assets. June 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (In thousands) Loans held for sale $ — $ — $ 1,057 $ — $ — $ 1,454 Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (In thousands) Loans held for sale $ (5) $ (8) $ (5) $ (8) Impaired loans — (113) — (113) $ (5) $ (121) $ (5) $ (121) Loans held for sale (“LHFS”) are evaluated for losses associated with the application of LOCOM accounting. At June 30, 2017, a rise in market interest rates above contractual loan rates from the time LHFS were recorded is reflected as a reduction in the carrying value of the asset and a loss is recognized in current period earnings. Losses applicable to certain impaired loans are estimated using the appraised value of the underlying collateral considering discounting factors and adjusted for selling costs. The loss is not recorded directly as an adjustment to current earnings, but rather as a component in determining the overall adequacy of the allowance for loan losses. Adjustments to the estimated fair value of impaired loans may result in increases or decreases to the provision for loan losses. Summary of fair values of financial instruments The estimated fair values and related carrying amounts of the Company’s financial instruments are outlined in the table below. Certain financial instruments and all nonfinancial instruments are excluded from disclosure requirements. Fair Value Carrying Amount Level 1 Level 2 Level 3 Total (In thousands) June 30, 2017 Financial assets: Cash and cash equivalents $ 22,273 $ 22,273 $ — $ — $ 22,273 Certificates of deposit 100 100 — — 100 Securities available for sale 66,471 — 66,471 — 66,471 FHLB stock 6,436 — — 6,436 6,436 Loans held for sale 1,057 — — 1,057 1,057 Loans, net 617,590 — — 630,440 630,440 Accrued interest receivable 1,626 — — 1,626 1,626 Forward loan sale commitments 24 — — 24 24 Financial liabilities: Deposits $ 535,234 $ — $ — $ 536,311 $ 536,311 Short-term borrowings 24,250 — 24,250 — 24,250 Long-term debt 100,848 — 101,109 — 101,109 Subordinated debt 9,786 — — 9,552 9,552 Accrued interest payable 193 — — 193 193 Derivative loan commitments 9 — 9 — 9 December 31, 2016 Financial assets: Cash and cash equivalents $ 28,425 $ 28,425 $ — $ — $ 28,425 Certificate of deposit 100 100 — — 100 Securities available for sale 64,648 — 64,648 — 64,648 FHLB stock 5,758 — — 5,758 5,758 Loans held for sale 1,454 — — 1,454 1,454 Loans, net 576,131 — — 591,450 591,450 Accrued interest receivable 1,647 — — 1,647 1,647 Forward loan sale commitments 72 — 72 — 72 Financial liabilities: Deposits $ 522,810 $ — $ — $ 523,479 $ 523,479 Short-term borrowings 21,250 — 21,250 — 21,250 Long-term debt 83,020 — 83,254 — 83,254 Subordinated debt 9,769 — — 9,506 9,506 Accrued interest payable 140 — — 140 140 Derivative loan commitments 17 — 17 — 17

EMPLOYEE STOCK OWNERSHIP PLAN

EMPLOYEE STOCK OWNERSHIP PLAN	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation and Employee Benefit Plans [Text Block]	NOTE 8 – EMPLOYEE STOCK OWNERSHIP PLAN The Bank maintains an Employee Stock Ownership Plan (the “ESOP”) to provide eligible employees the opportunity to own Company stock. This plan is a tax-qualified retirement plan for the benefit of all Company employees. Contributions are allocated to eligible participants on the basis of compensation, subject to federal tax limits. The Company granted a loan to the ESOP for the purchase shares of the Company’s common stock on the closing date of the Company’s mutual to stock conversion in 2012. As of June 30, 2017, the ESOP held 182,526 7.30 . 15 3.25 Allocated 54,144 Committed to be allocated 6,419 Unallocated 121,963 182,526 The fair value of unallocated shares was $ 3.4 Total compensation expense recognized in connection with the ESOP for the three and six month periods ended June 30, 2017 was $ 87 174

EQUITY INCENTIVE PLANS

EQUITY INCENTIVE PLANS	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 9 – EQUITY INCENTIVE PLANS Under the Company’s 2016 Equity Incentive Plan (the “2016 Equity Incentive Plan”), effective July 27, 2016, the Company may grant restricted stock awards to its employees and directors for up to 75,000 Under the Company’s 2012 Equity Incentive Plan (the “2012 Equity Incentive Plan”), the Company granted stock options to its employees and directors in the form of incentive stock options and non-qualified stock options totaling 231,894 10 20 Under the 2012 Equity Incentive Plan, the Company also granted stock awards to management, employees and directors. Awarded shares are held in reserve for each grantee by the Company’s transfer agent, and will be issued from previously authorized but unissued shares upon vesting. The fair value of the stock awards, based on the market price at the grant date, is recognized over the five-year vesting period. The Company’s 2012 Equity Incentive Plan was terminated upon approval of the 2016 Equity Incentive Plan. Stock Options Weighted Average Weighted Remaining Number of Average Contractual Aggregate Options Shares Exercise Price Term Intrinsic Value (In thousands) (In years) (In thousands) Outstanding at beginning of period 222 $ 16.02 5.92 Granted — — — Exercised — — — Forfeited — — — Outstanding at end of period 222 $ 16.02 5.67 $ 2,597 Options exercisable at end of period 158 $ 15.40 5.32 $ 1,879 For the three months ended June 30, 2017 and 2016, compensation expense applicable to the stock options was $ 53 9 For the six months ended June 30, 2017 and 2016, compensation expense applicable to the stock options was $ 106 19 Unrecognized compensation expense for non-vested stock options totaled $ 133 0.67 Stock Awards Number of Grant-date Shares Fair Value (In thousands) Non-vested stock awards at beginning of year 51 $ 19.38 Restricted shares granted 5 27.65 Non-vested stock awards at end of period 56 $ 20.11 For the three months ended June 30, 2017 and 2016, compensation expense applicable to the stock awards was $ 113 74 45 28 For the six months ended June 30, 2017 and 2016, compensation expense applicable to the stock awards was $ 214 148 86 59 Unrecognized compensation expense for non-vested restricted stock totaled $813 thousand as of June 30, 2017, which will be recognized over the remaining weighted average vesting period of 2.88

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 10 – EARNINGS PER COMMON SHARE Basic earnings per share represents net income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. Under the Company’s 2012 and 2016 Equity Incentive Plans, stock awards contain non-forfeitable dividend rights. Accordingly, these shares are considered outstanding for computation of basic earnings per share. Potential common shares that may be issued by the Company relate to outstanding stock options and are determined using the treasury stock method. Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (In thousands, except per share data) Net income applicable to common stock $ 937 $ 727 $ 1,818 $ 1,459 Average number of common shares issued 2,488 2,458 2,486 2,458 Less: Average unallocated ESOP shares (123) (136) (125) (138) Average number of common shares outstanding used to calculate basic earnings per common share 2,365 2,322 2,361 2,320 Effect of dilutive stock options 85 30 85 26 Average number of common shares outstanding used to calculate diluted earnings per share 2,450 2,352 2,446 2,346 Earnings per common share: Basic $ 0.40 $ 0.31 $ 0.77 $ 0.63 Diluted $ 0.38 $ 0.31 $ 0.74 $ 0.62 All options were included in the computations of diluted earnings per share for the three and six months ended at June 30, 2017. For the three and six months ended June 30, 2016, options for 43,400

LOAN POLICIES (Policies)

LOAN POLICIES (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	LOAN POLICIES The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in our primary market areas in eastern Massachusetts. The ability of the Company’s debtors to honor their contracts is dependent upon the economy in general and the real estate and construction sectors within our markets. Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred loan origination fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Interest is generally not accrued on loans which are identified as impaired or loans which are ninety days or more past due. Past due status is based on the contractual terms of the loan. Interest income previously accrued on such loans is reversed against current period interest income. Interest income on non-accrual loans is recognized only to the extent of interest payments received and is first applied to the outstanding principal balance when collectibility of principal is in doubt. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured through sustained payment performance for at least six months. Allowance for loan losses The allowance for loan losses is established through a provision for loan losses charged to earnings as losses are estimated to have occurred. Loan losses are charged against the allowance when management believes the uncollectibility of the loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components. General component The general component is based on the following loan segments: residential real estate, commercial real estate, construction, commercial, home equity lines of credit and other consumer. Management considers a rolling average of historical losses for each segment based on a time frame appropriate to capture relevant loss data for each loan segment, generally three and 10 The qualitative factor adjustments are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate – The Company generally does not originate loans with a loan-to-value ratio greater than 80 Commercial real estate – Loans in this segment are primarily income-producing properties in the Company’s primary market areas in eastern Massachusetts. The underlying cash flows generated by the properties may be adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management typically obtains rent rolls annually and continually monitors the cash flows of these loans. Construction – Loans in this segment include speculative construction loans primarily on residential properties for which payment is derived from the sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions. Residential construction loans in this segment also include loans to build one-to-four family owner-occupied properties which are subject to the same credit quality factors as residential real estate. Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Home equity lines of credit – Loans in this segment are collateralized by one-to-four family residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Other consumer – Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the fair value of the loan or, if the loan is collateral dependent, by the fair value of the collateral, less estimated costs to sell. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify performing individual residential and consumer loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due, according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as 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 record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. Unallocated component An unallocated component is maintained to cover additional uncertainties in management’s estimation of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive income (loss) and related tax effects are as follows: June 30, December 31, 2017 2016 (In thousands) Unrealized holding gains (losses) on securities available for sale $ 203 $ (374) Tax effect (69) 145 Net-of tax amount $ 134 $ (229)

SECURITIES AVAILABLE FOR SALE (

SECURITIES AVAILABLE FOR SALE (Tables)	6 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities [Table Text Block]	The amortized cost and fair value of securities available for sale, with gross unrealized gains and losses, follows: June 30, 2017 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Residential mortgage-backed securities: Government National Mortgage Association $ 3,619 $ 47 $ (35) $ 3,631 Government-sponsored enterprises 12,507 110 (77) 12,540 SBA and other asset-backed securities 11,882 122 (75) 11,929 State and municipal bonds 12,380 226 (46) 12,560 Government-sponsored enterprise obligations 8,000 — (131) 7,869 Corporate bonds 17,880 102 (40) 17,942 $ 66,268 $ 607 $ (404) $ 66,471 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Residential mortgage-backed securities: Government National Mortgage Association $ 3,876 $ 55 $ (33) $ 3,898 Government-sponsored enterprises 13,134 73 (97) 13,110 SBA and other asset-backed securities 12,571 70 (140) 12,501 State and municipal bonds 9,533 93 (156) 9,470 Government-sponsored enterprise obligations 8,000 — (197) 7,803 Corporate bonds 17,908 55 (97) 17,866 $ 65,022 $ 346 $ (720) $ 64,648
Investments Classified by Contractual Maturity Date [Table Text Block]	The amortized cost and fair value of debt securities by contractual maturity at June 30, 2017 are as follows. Expected maturities may differ from contractual maturities because the issuer, in certain instances, has the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Cost Value (In thousands) Within 1 year $ 3,019 $ 3,020 After 1 year to 5 years 12,627 12,642 After 5 years to 10 years 15,044 15,066 After 10 years 7,570 7,643 38,260 38,371 Mortgage- and asset-backed securities 28,008 28,100 $ 66,268 $ 66,471
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows: Less Than Twelve Months Over Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value (In thousands) June 30, 2017 Residential mortgage-backed securities: Government National Mortgage Association $ (15) $ 941 $ (20) $ 851 Government-sponsored enterprises (56) 3,756 (21) 488 SBA and other asset-backed securities (75) 3,379 — — State and municipal bonds (45) 3,644 (1) 100 Government-sponsored enterprise obligations (131) 7,869 — — Corporate bonds (37) 2,718 (3) 994 $ (359) $ 22,307 $ (45) $ 2,433 December 31, 2016 Residential mortgage-backed securities: Government National Mortgage Association $ (11) $ 1,214 $ (22) $ 849 Government-sponsored enterprises (85) 6,771 (12) 540 SBA and other asset-backed securities (115) 6,109 (25) 1,608 State and municipal bonds (154) 5,257 (2) 396 Government-sponsored enterprise obligations (197) 7,803 — — Corporate bonds (93) 7,360 (4) 992 $ (655) $ 34,514 $ (65) $ 4,385

LOANS AND ALLOWANCE FOR LOAN 21

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Jun. 30, 2017
Notes and Loans Payable, Current [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	A summary of the ending balances of loans is as follows: June 30, December 31, 2017 2016 (In thousands) Real estate loans: Residential – fixed $ 26,086 $ 18,573 Residential – variable 271,018 249,486 Commercial 123,882 121,134 Construction 118,320 110,390 539,306 499,583 Commercial loans: Secured 50,274 49,126 Unsecured 222 221 50,496 49,347 Consumer loans: Home equity lines of credit 33,015 32,437 Other 223 216 33,238 32,653 Total loans 623,040 581,583 Less: Allowance for loan losses (5,543) (5,432) Net deferred origination costs (fees) 93 (20) Loans, net $ 617,590 $ 576,131
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]	The following table summarizes the changes in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2017 and 2016: Residential Commercial Home Other Real Estate Real Estate Construction Commercial Equity Consumer Unallocated Total (In thousands) Three Months Ended June 30, 2017 Allowance at March 31, 2017 $ 1,487 $ 1,134 $ 1,695 $ 710 $ 211 $ 3 $ 181 $ 5,421 Provision (credit) for loan losses 76 37 65 4 4 (1) (63) 122 Allowance at June 30, 2017 $ 1,563 $ 1,171 $ 1,760 $ 714 $ 215 $ 2 $ 118 $ 5,543 Three Months Ended June 30, 2016 Allowance at March 31, 2016 $ 1,520 $ 1,043 $ 1,587 $ 589 $ 221 $ 2 $ 212 $ 5,174 Provision (credit) for loan losses (45) (7) 117 54 39 1 (34) 125 Loans charged off (102) — — — (11) — — (113) Allowance at June 30, 2016 $ 1,373 $ 1,036 $ 1,704 $ 643 $ 249 $ 3 $ 178 $ 5,186 Six Months Ended June 30, 2017 Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Provision (credit) for loan losses 141 26 (67) 11 4 10 (3) 122 Loans charged off — — — — — (11) — (11) Allowance at June 30, 2017 $ 1,563 $ 1,171 $ 1,760 $ 714 $ 215 $ 2 $ 118 $ 5,543 Six Months Ended June 30, 2016 Allowance at December 31, 2014 $ 1,490 $ 1,025 $ 1,684 $ 509 $ 238 $ 2 $ 164 $ 5,112 Provision (credit) for loan losses (15) 11 20 134 22 1 14 187 Loans charged off (102) — — — (11) — — (113) Allowance at June 30, 2016 $ 1,373 $ 1,036 $ 1,704 $ 643 $ 249 $ 3 $ 178 $ 5,186
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Additional information pertaining to the allowance for loan losses is as follows: Residential Commercial Home Other Real Estate Real Estate Construction Commercial Equity Consumer Unallocated Total (In thousands) June 30, 2017 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 1,563 1,171 1,760 714 215 2 118 5,543 Total allowance $ 1,563 $ 1,171 $ 1,760 $ 714 $ 215 $ 2 $ 118 $ 5,543 Impaired loan balances $ 175 $ 582 $ — $ — $ — $ — $ — $ 757 Non-impaired loan balances 296,929 123,300 118,320 50,496 33,015 223 — 622,283 Total loans $ 297,104 $ 123,882 $ 118,320 $ 50,496 $ 33,015 $ 223 $ — $ 623,040 December 31, 2016 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 1,422 1,145 1,827 703 211 3 121 5,432 Total allowance $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Impaired loan balances $ 179 591 $ — $ — $ — $ — $ — $ 770 Non-impaired loan balances 267,880 120,543 110,390 49,347 32,437 216 — 580,813 Total loans $ 268,059 $ 121,134 $ 110,390 $ 49,347 $ 32,437 $ 216 $ — $ 581,583
Past Due Financing Receivables [Table Text Block]	The following is a summary of past due and non-accrual loans: Past Due 90 Past Due 90 Days or More 30-59 Days 60-89 Days Days or Total and Still Non-accrual Past Due Past Due More Past Due Accruing Loans (In thousands) June 30, 2017 Commercial real estate $ 964 $ — $ — $ 964 $ — $ 582 December 31, 2016 Commercial real estate $ — $ 979 $ 591 $ 1,570 $ — $ 591 Home equity lines of credit — 208 — 208 — — Total $ — $ 1,187 $ 591 $ 1,778 $ — $ 591
Impaired Financing Receivables [Table Text Block]	The following is a summary of impaired loans: June 30, 2017 December 31, 2016 Unpaid Unpaid Recorded Principal Recorded Principal Investment Balance Investment Balance (In thousands) Impaired loans without a valuation allowance: Residential real estate $ 175 $ 193 $ 179 $ 196 Commercial real estate 582 714 591 646 Total impaired loans $ 757 $ 907 $ 770 $ 842
Impaired Financing Receivables By Class Of Loans [Table Text Block]	Additional information pertaining to impaired loans follows: Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Interest Interest Average Interest Income Average Interest Income Recorded Income Recognized Recorded Income Recognized Investment Recognized on Cash Basis Investment Recognized on Cash Basis (In thousands) Residential real estate $ 176 $ 2 $ — $ 177 $ 3 $ — Commercial real estate 581 43 43 583 43 43 Total $ 757 $ 45 $ 43 $ 760 $ 46 $ 43 Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Interest Interest Average Interest Income Average Interest Income Recorded Income Recognized Recorded Income Recognized Investment Recognized on Cash Basis Investment Recognized on Cash Basis (In thousands) Residential real estate $ 468 $ 5 $ 3 $ 516 $ 11 $ 8 Commercial real estate 626 — — 633 — — Commercial 8 — — 9 — — Home equity lines of credit 32 — — 33 1 1 Total $ 1,134 $ 5 $ 3 $ 1,191 $ 12 $ 9
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment (In thousands) Commercial real estate $ 1 $ 572 $ 582
Financing Receivable Credit Quality Indicators [Table Text Block]	The following table presents the Company’s loans by risk rating: June 30, 2017 December 31, 2016 Commercial Commercial Real Estate Construction Commercial Total Real Estate Construction Commercial Total (In thousands) Loans rated 1 -4 $ 119,111 $ 118,320 $ 49,473 $ 286,904 $ 115,110 $ 110,390 $ 46,820 $ 272,320 Loans rated 5 4,189 — 325 4,514 5,433 — 1,569 7,002 Loans rated 6 — — 698 698 — — 958 958 Loans rated 7 582 — — 582 591 — — 591 Total $ 123,882 $ 118,320 $ 50,496 $ 292,698 $ 121,134 $ 110,390 $ 49,347 $ 280,871

FAIR VALUES OF FINANCIAL INST22

FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2017
Financial Liabilities Fair Value Disclosure [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Assets and liabilities measured at fair value on a recurring basis at June 30, 2017 and December 31, 2016 are summarized below. Total Level 1 Level 2 Level 3 Fair Value (In thousands) June 30, 2017 Assets Securities available for sale $ — $ 66,471 $ — $ 66,471 Forward loan sale commitments — 24 — 24 Total assets $ — $ 66,495 $ — $ 66,495 Liabilities Derivative loan commitments $ — $ 9 $ — $ 9 December 31, 2016 Assets Securities available for sale $ — $ 64,648 $ — $ 64,648 Forward loan sale commitments — 72 — 72 Total assets $ — $ 64,720 $ — $ 64,720 Liabilities Derivative loan commitments $ — $ 17 $ — $ 17
Fair Value Measurements, Nonrecurring [Table Text Block]	The following table summarizes the fair value hierarchy used to determine each adjustment and the carrying value of the related individual assets. June 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (In thousands) Loans held for sale $ — $ — $ 1,057 $ — $ — $ 1,454
Gain Loss On Assets And Liabilities Measured At Fair Value On Nonrecurring Basis [Table Text Block]	The following table presents the total losses on loans held for sale and impaired loans for the three and six month periods ended June 30, 2017 and 2016. Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (In thousands) Loans held for sale $ (5) $ (8) $ (5) $ (8) Impaired loans — (113) — (113) $ (5) $ (121) $ (5) $ (121)
Fair Value, by Balance Sheet Grouping [Table Text Block]	Accordingly, the aggregate fair value amounts presented herein may not necessarily represent the underlying fair value of the Company. Fair Value Carrying Amount Level 1 Level 2 Level 3 Total (In thousands) June 30, 2017 Financial assets: Cash and cash equivalents $ 22,273 $ 22,273 $ — $ — $ 22,273 Certificates of deposit 100 100 — — 100 Securities available for sale 66,471 — 66,471 — 66,471 FHLB stock 6,436 — — 6,436 6,436 Loans held for sale 1,057 — — 1,057 1,057 Loans, net 617,590 — — 630,440 630,440 Accrued interest receivable 1,626 — — 1,626 1,626 Forward loan sale commitments 24 — — 24 24 Financial liabilities: Deposits $ 535,234 $ — $ — $ 536,311 $ 536,311 Short-term borrowings 24,250 — 24,250 — 24,250 Long-term debt 100,848 — 101,109 — 101,109 Subordinated debt 9,786 — — 9,552 9,552 Accrued interest payable 193 — — 193 193 Derivative loan commitments 9 — 9 — 9 December 31, 2016 Financial assets: Cash and cash equivalents $ 28,425 $ 28,425 $ — $ — $ 28,425 Certificate of deposit 100 100 — — 100 Securities available for sale 64,648 — 64,648 — 64,648 FHLB stock 5,758 — — 5,758 5,758 Loans held for sale 1,454 — — 1,454 1,454 Loans, net 576,131 — — 591,450 591,450 Accrued interest receivable 1,647 — — 1,647 1,647 Forward loan sale commitments 72 — 72 — 72 Financial liabilities: Deposits $ 522,810 $ — $ — $ 523,479 $ 523,479 Short-term borrowings 21,250 — 21,250 — 21,250 Long-term debt 83,020 — 83,254 — 83,254 Subordinated debt 9,769 — — 9,506 9,506 Accrued interest payable 140 — — 140 140 Derivative loan commitments 17 — 17 — 17

EMPLOYEE STOCK OWNERSHIP PLAN (

EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Employee Stock Ownership Plan ESOP Status Of Entity Shares Held [Table Text Block]	Shares held by the ESOP at June 30, 2017 include the following: Allocated 54,144 Committed to be allocated 6,419 Unallocated 121,963 182,526

EQUITY INCENTIVE PLANS (Tables)

EQUITY INCENTIVE PLANS (Tables)	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of option activity under the 2012 Equity Incentive Plan for the six months ended June 30, 2017 is presented below: Weighted Average Weighted Remaining Number of Average Contractual Aggregate Options Shares Exercise Price Term Intrinsic Value (In thousands) (In years) (In thousands) Outstanding at beginning of period 222 $ 16.02 5.92 Granted — — — Exercised — — — Forfeited — — — Outstanding at end of period 222 $ 16.02 5.67 $ 2,597 Options exercisable at end of period 158 $ 15.40 5.32 $ 1,879
Schedule of Nonvested Share Activity [Table Text Block]	The following table presents the activity in non-vested stock awards under the Equity Incentive Plans for the six months ended June 30, 2017: Number of Grant-date Shares Fair Value (In thousands) Non-vested stock awards at beginning of year 51 $ 19.38 Restricted shares granted 5 27.65 Non-vested stock awards at end of period 56 $ 20.11

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Earnings per common share have been computed as follows: Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (In thousands, except per share data) Net income applicable to common stock $ 937 $ 727 $ 1,818 $ 1,459 Average number of common shares issued 2,488 2,458 2,486 2,458 Less: Average unallocated ESOP shares (123) (136) (125) (138) Average number of common shares outstanding used to calculate basic earnings per common share 2,365 2,322 2,361 2,320 Effect of dilutive stock options 85 30 85 26 Average number of common shares outstanding used to calculate diluted earnings per share 2,450 2,352 2,446 2,346 Earnings per common share: Basic $ 0.40 $ 0.31 $ 0.77 $ 0.63 Diluted $ 0.38 $ 0.31 $ 0.74 $ 0.62

LOAN POLICIES (Details Textual)

LOAN POLICIES (Details Textual)	6 Months Ended
	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan Payments Delinquency Period Beyond Which Loans Considered Non Accrual	90 days
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan To Value Ratio	80.00%
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Time Period To Capture Relevant Loan Loss Data	10 years
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Time Period To Capture Relevant Loan Loss Data	3 years

COMPREHENSIVE INCOME (Details)

COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized holding gains (losses) on securities available for sale	$ 203	$ (374)
Tax effect	(69)	145
Net-of tax amount	$ 134	$ (229)

SECURITIES AVAILABLE FOR SALE28

SECURITIES AVAILABLE FOR SALE (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 66,268	$ 65,022
Gross Unrealized Gains	607	346
Gross Unrealized Losses	(404)	(720)
Fair Value	66,471	64,648
SBA and other asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,882	12,571
Gross Unrealized Gains	122	70
Gross Unrealized Losses	(75)	(140)
Fair Value	11,929	12,501
State and municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,380	9,533
Gross Unrealized Gains	226	93
Gross Unrealized Losses	(46)	(156)
Fair Value	12,560	9,470
Government-sponsored enterprise obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	8,000	8,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(131)	(197)
Fair Value	7,869	7,803
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	17,880	17,908
Gross Unrealized Gains	102	55
Gross Unrealized Losses	(40)	(97)
Fair Value	17,942	17,866
Residential mortgage-backed securities [Member] | Government National Mortgage Association [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,619	3,876
Gross Unrealized Gains	47	55
Gross Unrealized Losses	(35)	(33)
Fair Value	3,631	3,898
Residential mortgage-backed securities [Member] | Government-sponsored enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,507	13,134
Gross Unrealized Gains	110	73
Gross Unrealized Losses	(77)	(97)
Fair Value	$ 12,540	$ 13,110

SECURITIES AVAILABLE FOR SALE29

SECURITIES AVAILABLE FOR SALE (Details 1) $ in Thousands	Jun. 30, 2017USD ($)
Available-for-sale Securities, Debt Maturities, Amortized Cost
Within 1 year	$ 3,019
After 1 year to 5 years	12,627
After 5 years to 10 years	15,044
After 10 years	7,570
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	38,260
Mortgage- and asset-backed securities	28,008
Available-for-sale Debt Securities, Amortized Cost Basis, Total	66,268
Available-for-sale Securities, Debt Maturities, Fair Value
Within 1 year	3,020
After 1 year to 5 years	12,642
After 5 years to 10 years	15,066
After 10 years	7,643
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Fair Value Total	38,371
Mortgage- and asset-backed securities	28,100
Available-for-sale Securities, Debt Securities, Fair Value Total	$ 66,471

SECURITIES AVAILABLE FOR SALE30

SECURITIES AVAILABLE FOR SALE (Details 2) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	$ (359)	$ (655)
Less Than Twelve Months Fair Value	22,307	34,514
Over Twelve Months Gross Unrealized Losses	(45)	(65)
Over Twelve Months Fair Value	2,433	4,385
SBA and other asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(75)	(115)
Less Than Twelve Months Fair Value	3,379	6,109
Over Twelve Months Gross Unrealized Losses	0	(25)
Over Twelve Months Fair Value	0	1,608
State and municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(45)	(154)
Less Than Twelve Months Fair Value	3,644	5,257
Over Twelve Months Gross Unrealized Losses	(1)	(2)
Over Twelve Months Fair Value	100	396
Government-sponsored enterprise obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(131)	(197)
Less Than Twelve Months Fair Value	7,869	7,803
Over Twelve Months Gross Unrealized Losses	0	0
Over Twelve Months Fair Value	0	0
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(37)	(93)
Less Than Twelve Months Fair Value	2,718	7,360
Over Twelve Months Gross Unrealized Losses	(3)	(4)
Over Twelve Months Fair Value	994	992
Residential mortgage-backed securities [Member] | Government National Mortgage Association [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(15)	(11)
Less Than Twelve Months Fair Value	941	1,214
Over Twelve Months Gross Unrealized Losses	(20)	(22)
Over Twelve Months Fair Value	851	849
Residential mortgage-backed securities [Member] | Government-sponsored enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(56)	(85)
Less Than Twelve Months Fair Value	3,756	6,771
Over Twelve Months Gross Unrealized Losses	(21)	(12)
Over Twelve Months Fair Value	$ 488	$ 540

SECURITIES AVAILABLE FOR SALE31

SECURITIES AVAILABLE FOR SALE (Details Textual) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Schedule of Available-for-sale Securities [Line Items]
Unrealized Losses Debt Securities Aggregate Depreciation Percentage		1.60%
Proceeds from Sale of Available-for-sale Securities	$ 93	$ 0	$ 93
Available-for-sale Securities, Gross Realized Gains	16		16
Available-for-sale Securities, Gross Realized Losses	$ 0		$ 0

LOANS AND ALLOWANCE FOR LOAN 32

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Total loans	$ 623,040	$ 581,583
Less: Allowance for loan losses	(5,543)	(5,432)
Net deferred origination costs (fees)	93	(20)
Loans, net	617,590	576,131
Commercial loan [Member]
Total loans	50,496	49,347
Consumer loan [Member]
Total loans	33,238	32,653
Residential - fixed [Member]
Total loans	26,086	18,573
Residential - variable [Member]
Total loans	271,018	249,486
Commercial Real Estate [Member]
Total loans	123,882	121,134
Construction [Member]
Total loans	118,320	110,390
Secured [Member]
Total loans	50,274	49,126
Unsecured [Member]
Total loans	222	221
Home equity lines of credit [Member]
Total loans	33,015	32,437
Other Consumer [Member]
Total loans	223	216
Real estate loans [Member]
Total loans	$ 539,306	$ 499,583

LOANS AND ALLOWANCE FOR LOAN 33

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Allowance Beginning Balance	$ 5,421	$ 5,174	$ 5,432	$ 5,112
Provision (credit) for loan losses	122	125	122	187
Loans charged off		(113)	(11)	(113)
Allowance Ending Balance	5,543	5,186	5,543	5,186
Commercial [Member]
Allowance Beginning Balance	710	589	703	509
Provision (credit) for loan losses	4	54	11	134
Loans charged off		0	0	0
Allowance Ending Balance	714	643	714	643
Residential Real Estate [Member]
Allowance Beginning Balance	1,487	1,520	1,422	1,490
Provision (credit) for loan losses	76	(45)	141	(15)
Loans charged off		(102)	0	(102)
Allowance Ending Balance	1,563	1,373	1,563	1,373
Commercial Real Estate [Member]
Allowance Beginning Balance	1,134	1,043	1,145	1,025
Provision (credit) for loan losses	37	(7)	26	11
Loans charged off		0	0	0
Allowance Ending Balance	1,171	1,036	1,171	1,036
Construction [Member]
Allowance Beginning Balance	1,695	1,587	1,827	1,684
Provision (credit) for loan losses	65	117	(67)	20
Loans charged off		0	0	0
Allowance Ending Balance	1,760	1,704	1,760	1,704
Home equity lines of credit [Member]
Allowance Beginning Balance	211	221	211	238
Provision (credit) for loan losses	4	39	4	22
Loans charged off		(11)	0	(11)
Allowance Ending Balance	215	249	215	249
Other Consumer [Member]
Allowance Beginning Balance	3	2	3	2
Provision (credit) for loan losses	(1)	1	10	1
Loans charged off		0	(11)	0
Allowance Ending Balance	2	3	2	3
Unallocated [Member]
Allowance Beginning Balance	181	212	121	164
Provision (credit) for loan losses	(63)	(34)	(3)	14
Loans charged off		0	0	0
Allowance Ending Balance	$ 118	$ 178	$ 118	$ 178

LOANS AND ALLOWANCE FOR LOAN 34

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Allowance related to impaired loans	$ 0		$ 0
Allowance related to non-impaired loans	5,543		5,432
Total allowance	5,543	$ 5,421	5,432	$ 5,186	$ 5,174	$ 5,112
Impaired loan balances	757		770
Non-impaired loan balances	622,283		580,813
Total loans	623,040		581,583
Commercial [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	714		703
Total allowance	714	710	703	643	589	509
Impaired loan balances	0		0
Non-impaired loan balances	50,496		49,347
Total loans	50,496		49,347
Residential Real Estate [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	1,563		1,422
Total allowance	1,563	1,487	1,422	1,373	1,520	1,490
Impaired loan balances	175		179
Non-impaired loan balances	296,929		267,880
Total loans	297,104		268,059
Commercial Real Estate [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	1,171		1,145
Total allowance	1,171	1,134	1,145	1,036	1,043	1,025
Impaired loan balances	582		591
Non-impaired loan balances	123,300		120,543
Total loans	123,882		121,134
Construction [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	1,760		1,827
Total allowance	1,760	1,695	1,827	1,704	1,587	1,684
Impaired loan balances	0		0
Non-impaired loan balances	118,320		110,390
Total loans	118,320		110,390
Home equity lines of credit [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	215		211
Total allowance	215	211	211	249	221	238
Impaired loan balances	0		0
Non-impaired loan balances	33,015		32,437
Total loans	33,015		32,437
Other Consumer [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	2		3
Total allowance	2	3	3	3	2	2
Impaired loan balances	0		0
Non-impaired loan balances	223		216
Total loans	223		216
Unallocated [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	118		121
Total allowance	118	$ 181	121	$ 178	$ 212	$ 164
Impaired loan balances	0		0
Non-impaired loan balances	0		0
Total loans	$ 0		$ 0

LOANS AND ALLOWANCE FOR LOAN 35

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 3) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Total Past Due		$ 1,778
Past Due 90 Days or More and Still Accruing		0
Non-accrual Loans		591
Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due		0
Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due		1,187
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due		591
Commercial Real Estate [Member]
Total Past Due	$ 964	1,570
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	582	591
Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	964	0
Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	0	979
Commercial Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	$ 0	591
Home equity lines of credit [Member]
Total Past Due		208
Past Due 90 Days or More and Still Accruing		0
Non-accrual Loans		0
Home equity lines of credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due		0
Home equity lines of credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due		208
Home equity lines of credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due		$ 0

LOANS AND ALLOWANCE FOR LOAN 36

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Total impaired loans Recorded Investment	$ 757	$ 770
Total impaired loans Unpaid Principal Balance	907	842
Residential Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	175	179
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	193	196
Commercial Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	582	591
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	$ 714	$ 646

LOANS AND ALLOWANCE FOR LOAN 37

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Average Recorded Investment	$ 757	$ 1,134	$ 760	$ 1,191
Interest Income Recognized	45	5	46	12
Interest Income Recognized on Cash Basis	43	3	43	9
Commercial [Member]
Average Recorded Investment		8		9
Interest Income Recognized		0		0
Interest Income Recognized on Cash Basis		0		0
Residential real estate [Member]
Average Recorded Investment	176	468	177	516
Interest Income Recognized	2	5	3	11
Interest Income Recognized on Cash Basis	0	3	0	8
Commercial real estate [Member]
Average Recorded Investment	581	626	583	633
Interest Income Recognized	43	0	43	0
Interest Income Recognized on Cash Basis	$ 43	0	$ 43	0
Home equity lines of credit [Member]
Average Recorded Investment		32		33
Interest Income Recognized		0		1
Interest Income Recognized on Cash Basis		$ 0		$ 1

LOANS AND ALLOWANCE FOR LOAN 38

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 6) - Commercial Real Estate Portfolio Segment [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)
Financing Receivable, Modifications [Line Items]
Number of Contracts	1
Pre-Modification Outstanding Recorded Investment	$ 572
Post-Modification Outstanding Recorded Investment	$ 582

LOANS AND ALLOWANCE FOR LOAN 39

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 7) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Loans	$ 292,698	$ 280,871
Loans rated 1-4 [Member]
Loans	286,904	272,320
Loans rated 5 [Member]
Loans	4,514	7,002
Loans rated 6 [Member]
Loans	698	958
Loans rated 7 [Member]
Loans	582	591
Commercial Real Estate [Member]
Loans	123,882	121,134
Commercial Real Estate [Member] | Loans rated 1-4 [Member]
Loans	119,111	115,110
Commercial Real Estate [Member] | Loans rated 5 [Member]
Loans	4,189	5,433
Commercial Real Estate [Member] | Loans rated 6 [Member]
Loans	0	0
Commercial Real Estate [Member] | Loans rated 7 [Member]
Loans	582	591
Construction [Member]
Loans	118,320	110,390
Construction [Member] | Loans rated 1-4 [Member]
Loans	118,320	110,390
Construction [Member] | Loans rated 5 [Member]
Loans	0	0
Construction [Member] | Loans rated 6 [Member]
Loans	0	0
Construction [Member] | Loans rated 7 [Member]
Loans	0	0
Commercial [Member]
Loans	50,496	49,347
Commercial [Member] | Loans rated 1-4 [Member]
Loans	49,473	46,820
Commercial [Member] | Loans rated 5 [Member]
Loans	325	1,569
Commercial [Member] | Loans rated 6 [Member]
Loans	698	958
Commercial [Member] | Loans rated 7 [Member]
Loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 40

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Loans and Leases Receivable, Gross	$ 623,040	$ 581,583
Loan rated 9 [Member] | Maximum [Member] | Commercial Loan [Member]
Loans and Leases Receivable, Gross	$ 25
Credit Rating Eleven [Member] | Maximum [Member]
Period After Credit Rating Assignment	60 days

FAIR VALUES OF FINANCIAL INST41

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 66,495	$ 64,720
Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	9	17
Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	24
Total liabilities		72
Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	66,471	64,648
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Fair Value, Inputs, Level 1 [Member] | Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	0	0
Fair Value, Inputs, Level 1 [Member] | Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0
Total liabilities		0
Fair Value, Inputs, Level 1 [Member] | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	66,495	64,720
Fair Value, Inputs, Level 2 [Member] | Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	9	17
Fair Value, Inputs, Level 2 [Member] | Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	24
Total liabilities		72
Fair Value, Inputs, Level 2 [Member] | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	66,471	64,648
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Fair Value, Inputs, Level 3 [Member] | Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	0	0
Fair Value, Inputs, Level 3 [Member] | Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0
Total liabilities		0
Fair Value, Inputs, Level 3 [Member] | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 0	$ 0

FAIR VALUES OF FINANCIAL INST42

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Loans held for sale	$ 1,057	$ 1,454
Fair Value, Inputs, Level 1 [Member]
Loans held for sale	0	0
Fair Value, Inputs, Level 2 [Member]
Loans held for sale	0	0
Fair Value, Inputs, Level 3 [Member]
Loans held for sale	$ 1,057	$ 1,454

FAIR VALUES OF FINANCIAL INST43

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Fair Value, Assets and Liabilities Measured on Non Recurring Basis [Line Items]
Total gain (Loss)	$ (5)	$ (121)	$ (5)	$ (121)
Loans Held For Sale [Member]
Fair Value, Assets and Liabilities Measured on Non Recurring Basis [Line Items]
Total gain (Loss)	(5)	(8)	(5)	(8)
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Non Recurring Basis [Line Items]
Total gain (Loss)	$ 0	$ (113)	$ 0	$ (113)

FAIR VALUES OF FINANCIAL INST44

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details 3) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Financial assets:
Cash and cash equivalents, Carrying Amount	$ 22,273	$ 28,425	$ 23,705	$ 28,178
Certificate of deposit, Carrying Amount	100	100
Securities available for sale, Carrying Amount	66,471	64,648
FHLB stock, Carrying Amount	6,436	5,758
Loans held for sale, Carrying Amount	1,057	1,454
Loans, net, Carrying Amount	617,590	576,131
Accrued interest receivable, Carrying Amount	1,626	1,647
Forward loan sale commitments, Carrying Amount	24	72
Cash and cash equivalents, Fair Value	22,273	28,425
Certificates of deposit, Fair Value	100	100
Securities available for sale, Fair Value	66,471	64,648
FHLB stock, Fair Value	6,436	5,758
Loans held for sale, Fair Value	1,057	1,454
Loans, net, Fair Value	630,440	591,450
Accrued interest receivable, Fair Value	1,626	1,647
Forward loan sale commitments, Fair Value	24	72
Financial liabilities:
Deposits, Carrying Amount	535,234	522,810
Short-term borrowings, Carrying Amount	24,250	21,250
Long-term debt, Carrying Amount	100,848	83,020
Subordinated debt, Carrying Amount	9,786	9,769
Accrued interest payable, Carrying Amount	193	140
Derivative loan commitments, Carrying Amount	9	17
Deposits, Fair Value	536,311	523,479
Short-term borrowings, Fair Value	24,250	21,250
Long-term debt, Fair Value	101,109	83,254
Subordinated debt, Fair Value	9,552	9,506
Accrued interest payable, Fair Value	193	140
Derivative loan commitments, Fair Value	9	17
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Securities available for sale, Carrying Amount	0	0
Cash and cash equivalents, Fair Value	22,273	28,425
Certificates of deposit, Fair Value	100	100
Securities available for sale, Fair Value	0	0
FHLB stock, Fair Value	0	0
Loans held for sale, Fair Value	0	0
Loans, net, Fair Value	0	0
Accrued interest receivable, Fair Value	0	0
Forward loan sale commitments, Fair Value	0	0
Financial liabilities:
Derivative loan commitments, Carrying Amount	0	0
Deposits, Fair Value	0	0
Short-term borrowings, Fair Value	0	0
Long-term debt, Fair Value	0	0
Subordinated debt, Fair Value	0	0
Accrued interest payable, Fair Value	0	0
Derivative loan commitments, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Securities available for sale, Carrying Amount	66,471	64,648
Cash and cash equivalents, Fair Value	0	0
Certificates of deposit, Fair Value	0	0
Securities available for sale, Fair Value	66,471	64,648
FHLB stock, Fair Value	0	0
Loans held for sale, Fair Value	0	0
Loans, net, Fair Value	0	0
Accrued interest receivable, Fair Value	0	0
Forward loan sale commitments, Fair Value	0	72
Financial liabilities:
Derivative loan commitments, Carrying Amount	9	17
Deposits, Fair Value	0	0
Short-term borrowings, Fair Value	24,250	21,250
Long-term debt, Fair Value	101,109	83,254
Subordinated debt, Fair Value	0	0
Accrued interest payable, Fair Value	0	0
Derivative loan commitments, Fair Value	9	17
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Securities available for sale, Carrying Amount	0	0
Cash and cash equivalents, Fair Value	0	0
Certificates of deposit, Fair Value	0	0
Securities available for sale, Fair Value	0	0
FHLB stock, Fair Value	6,436	5,758
Loans held for sale, Fair Value	1,057	1,454
Loans, net, Fair Value	630,440	591,450
Accrued interest receivable, Fair Value	1,626	1,647
Forward loan sale commitments, Fair Value	24	0
Financial liabilities:
Derivative loan commitments, Carrying Amount	0	0
Deposits, Fair Value	536,311	523,479
Short-term borrowings, Fair Value	0	0
Long-term debt, Fair Value	0	0
Subordinated debt, Fair Value	9,552	9,506
Accrued interest payable, Fair Value	193	140
Derivative loan commitments, Fair Value	$ 0	$ 0

EMPLOYEE STOCK OWNERSHIP PLAN45

EMPLOYEE STOCK OWNERSHIP PLAN (Details) - shares	Jun. 30, 2017	Jun. 30, 2016
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Allocated	54,144
Committed to be allocated	6,419	6,419
Unallocated	121,963
Employee Stock Ownership Plan (ESOP), Shares in ESOP	182,526

EMPLOYEE STOCK OWNERSHIP PLAN46

EMPLOYEE STOCK OWNERSHIP PLAN (Details Textual) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan ESOP Percent Of Shares Authorized To Be Purchased		7.30%
Employee Stock Ownership Plan ESOP Debt Structure Direct Loan Term		15 years
Employee Stock Ownership Plan ESOP Debt Structure Direct Loan Interest Rate		3.25%
Employee Stock Ownership Plan ESOP Cost Of Committed To Be Released Shares		$ 3,400
Employee Stock Ownership Plan (ESOP), Shares in ESOP	182,526	182,526
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 87	$ 174	$ 124

EQUITY INCENTIVE PLANS (Details

EQUITY INCENTIVE PLANS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Options
Outstanding at beginning of period	222
Granted	0
Exercised	0
Forfeited	0
Outstanding at end of period	222	222
Options exercisable at end of period	158
Weighted Average Exercise Price
Outstanding at beginning of period	$ 16.02
Outstanding at end of period	16.02	$ 16.02
Options exercisable at end of period	$ 15.40
Weighted Average Remaining Contractual Term
Outstanding at beginning of period	5 years 8 months 1 day	5 years 11 months 1 day
Options exercisable at end of period	5 years 3 months 25 days
Aggregate intrinsic value
Aggregate intrinsic value	$ 2,597
Options exercisable at end of period	$ 1,879

EQUITY INCENTIVE PLANS (Detai48

EQUITY INCENTIVE PLANS (Details 1) shares in Thousands	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested stock awards at beginning of year | shares	51
Restricted shares granted | shares	5
Non-vested stock awards at end of year | shares	56
Non-vested stock awards at beginning of year | $ / shares	$ 19.38
Restricted shares granted | $ / shares	27.65
Non-vested stock awards at end of year | $ / shares	$ 20.11

EQUITY INCENTIVE PLANS (Detai49

EQUITY INCENTIVE PLANS (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense for non-vested stock options	$ 133		$ 133
Unrecognized compensation expense, recognition period			8 months 1 day
Compensation expense for stock award plan	113	$ 74	$ 214	$ 148
Recognize tax Benefit	45	28	86	59
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense for non-vested stock options	86		$ 86
Unrecognized compensation expense, recognition period			2 years 10 months 17 days
Recognize tax Benefit	9	9	$ 19	19
Share base compensation expenses applicable to stock option plan	$ 53	$ 53	$ 106	$ 106
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, options granted	231,894		231,894
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			20.00%
2016 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, options granted	75,000		75,000

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income applicable to common stock	$ 937	$ 727	$ 1,818	$ 1,459
Average number of common shares issued	2,488,000	2,458,000	2,486,000	2,458,000
Less: Average unallocated ESOP shares	(123,000)	(136,000)	(125,000)	(138,000)
Average number of common shares outstanding used to calculate basic earnings per common share	2,364,581	2,322,147	2,361,336	2,320,542
Effect of dilutive stock options	85,000	30,000	85,000	26,000
Average number of common shares outstanding used to calculate diluted earnings per share	2,449,413	2,352,092	2,445,712	2,345,946
Earnings per common share:
Basic	$ 0.40	$ 0.31	$ 0.77	$ 0.63
Diluted	$ 0.38	$ 0.31	$ 0.74	$ 0.62

EARNINGS PER COMMON SHARE (De51

EARNINGS PER COMMON SHARE (Details Textual) - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	43,400	43,400