Wellesley Bancorp 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 01, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
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		2,499,063

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 3,994	$ 3,607
Short-term investments	27,025	24,818
Total cash and cash equivalents	31,019	28,425
Certificates of deposit	100	100
Securities available for sale, at fair value	65,731	64,648
Federal Home Loan Bank of Boston stock, at cost	6,073	5,758
Loans held for sale	0	1,454
Loans	654,386	581,563
Less allowance for loan losses	(5,793)	(5,432)
Loans, net	648,593	576,131
Bank-owned life insurance	7,476	7,303
Premises and equipment, net	3,495	3,876
Accrued interest receivable	1,868	1,647
Net deferred tax asset	2,990	2,742
Other assets	2,504	3,199
Total assets	769,849	695,283
Deposits:
Non-interest-bearing	109,737	94,946
Interest-bearing	471,812	427,864
Total deposits	581,549	522,810
Short-term borrowings	27,000	21,250
Long-term debt	87,261	83,020
Subordinated debt	9,794	9,769
Accrued expenses and other liabilities	5,202	3,220
Total liabilities	710,806	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, 2,492,352 and 2,484,852 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	25	25
Additional paid-in capital	25,400	24,703
Retained earnings	34,634	31,999
Accumulated other comprehensive income (loss)	172	(229)
Unearned compensation - ESOP	(1,188)	(1,284)
Total stockholders' equity	59,043	55,214
Total liabilities and stockholders' equity	$ 769,849	$ 695,283

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Sep. 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	2,492,352	2,484,852
Common Stock, Shares, Outstanding	2,492,352	2,484,852

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Interest and dividend income:
Interest and fees on loans and loans held for sale	$ 6,747	$ 5,838	$ 19,079	$ 17,009
Debt securities:
Taxable	337	355	1,009	1,025
Tax-exempt	77	54	224	161
Short-term investments and certificates of deposit	78	17	163	57
FHLB stock	66	48	182	143
Total interest and dividend income	7,305	6,312	20,657	18,395
Interest expense:
Deposits	919	781	2,540	2,320
Short-term borrowings	95	29	175	69
Long-term debt	316	254	901	760
Subordinated debt	158	159	474	477
Total interest expense	1,488	1,223	4,090	3,626
Net interest income	5,817	5,089	16,567	14,769
Provision for loan losses	250	125	372	312
Net interest income, after provision for loan losses	5,567	4,964	16,195	14,457
Non-interest income:
Customer service fees	39	16	109	74
Mortgage banking activities	34	71	98	218
Gain on sale of securities, net	0	0	0	16
Income on bank-owned life insurance	59	58	173	173
Wealth management fees	314	260	917	709
Miscellaneous	58	10	177	80
Total non-interest income	504	415	1,474	1,270
Non-interest expenses:
Salaries and employee benefits	2,408	2,439	7,518	7,119
Occupancy and equipment	684	708	2,087	2,058
Data processing	230	201	651	574
FDIC insurance	150	122	447	281
Professional fees	192	244	547	713
Other general and administrative	500	447	1,532	1,389
Total non-interest expenses	4,164	4,161	12,782	12,134
Income before income taxes	1,907	1,218	4,887	3,593
Provision for income taxes	741	463	1,903	1,379
Net income	1,166	755	2,984	2,214
Other comprehensive income (loss) :
Net unrealized holding gains (losses) on available-for-sale securities	63	(214)	640	1,101
Reclassification adjustment for net gain on sale of securities recognized in non-interest income	0	0	0	(16)
Income tax expense (benefit)	25	(77)	239	410
Total other comprehensive income (loss)	38	(137)	401	675
Comprehensive income	$ 1,204	$ 618	$ 3,385	$ 2,889
Earnings per common share:
Basic (in dollars per share)	$ 0.49	$ 0.32	$ 1.26	$ 0.95
Diluted (in dollars per share)	$ 0.48	$ 0.32	$ 1.22	$ 0.94
Weighted average shares outstanding:
Basic (in shares)	2,370,623	2,325,356	2,364,449	2,322,147
Diluted (in shares)	2,454,198	2,364,437	2,448,558	2,352,110

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	2,889	$ 0	0	2,214	675	0
Dividends paid to common stockholders	(270)	0	0	(270)	0	0
Share-based compensation - equity incentive plan	381	0	381	0	0	0
Tax benefit from stock based compensation	2	0	2	0	0	0
ESOP shares committed to be allocated	191	0	95	0	0	96
Balance at Sep. 30, 2016	55,371	$ 25	24,470	31,355	837	(1,316)
Balance (in shares) at Sep. 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	3,385	$ 0	0	2,984	401	0
Dividends paid to common stockholders	(349)	0	0	(349)	0	0
Issuance of restricted stock	0	$ 0	0	0	0	0
Issuance of restricted stock (in shares)		5,000
Proceeds from exercises of stock options, net of cash	40	$ 0	40	0	0	0
Proceeds from exercises of stock options, net of cash (in shares)		2,500
Share-based compensation - equity incentive plan	2,493	$ 0	493	0	0	0
ESOP shares committed to be allocated	260	0	164	0	0	96
Balance at Sep. 30, 2017	$ 59,043	$ 25	$ 25,400	$ 34,634	$ 172	$ (1,188)
Balance (in shares) at Sep. 30, 2017		2,492,352

CONSOLIDATED STATEMENTS OF CHA6

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY [Parenthetical] - $ / shares	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Dividends paid to common stockholders, per share	$ 0.14	$ 0.11
ESOP shares committed to be allocated, Shares	9,629	9,629

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income	$ 2,984	$ 2,214
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	372	312
Depreciation and amortization	556	555
Net amortization of securities	177	226
Gain on sale of securities, net	0	(16)
Principal balance of loans sold	10,449	21,453
Loans originated for sale	(8,995)	(22,539)
Accretion of net deferred loan fees	(438)	(418)
Amortization of subordinated debt issuance costs	25	27
Income on bank-owned life insurance	(173)	(173)
Deferred income tax benefit	(487)	(147)
ESOP expense	260	191
Share-based compensation	493	381
Net change in other assets and liabilities	2,456	(496)
Net cash provided by operating activities	7,679	1,570
Activity in securities available for sale:
Maturities, prepayments and calls	3,393	12,559
Purchases	(4,013)	(17,756)
Proceeds from sales of securities, net	0	1,088
Purchase of Federal Home Loan Bank stock	(315)	(115)
Loan originations, net of principal payments	(72,396)	(41,124)
Additions to premises and equipment	(175)	(1,063)
Net cash used by investing activities	(73,506)	(46,411)
Cash flows from financing activities:
Net increase in deposits	58,739	32,094
Proceeds from long-term debt	39,000	17,585
Repayments of long-term debt	(34,759)	(12,339)
Increase in short-term borrowings	5,750	4,250
Excess tax benefits from share-based compensation	0	2
Stock options exercised	40	0
Cash dividends paid on common stock	(349)	(270)
Net cash provided by financing activities	68,421	41,322
Net change in cash and cash equivalents	2,594	(3,519)
Cash and cash equivalents at beginning period	28,425	28,178
Cash and cash equivalents at end of period	31,019	24,659
Supplementary information:
Interest paid	3,986	3,609
Income taxes paid	$ 2,134	$ 1,210

BASIS OF PRESENTATION AND CONSO

BASIS OF PRESENTATION AND CONSOLIDATION	9 Months Ended
	Sep. 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 nine months ended September 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	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Loan Portfolio [Text Block]	NOTE 2 – 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	9 Months Ended
	Sep. 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. September 30, December 31, 2017 2016 (In thousands) Unrealized holding gains (losses) on securities available for sale $ 266 $ (374) Tax effect (94) 145 Net-of tax amount $ 172 $ (229)

RECENT ACCOUNTING AND REGULATOR

RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS	9 Months Ended
	Sep. 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 6.4 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	9 Months Ended
	Sep. 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 September 30, 2017 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Residential mortgage-backed securities: Government National Mortgage Association $ 3,480 $ 49 $ (41) $ 3,488 Government-sponsored enterprises 12,079 108 (55) 12,132 SBA and other asset-backed securities 11,394 116 (71) 11,439 State and municipal bonds 13,350 235 (41) 13,544 Government-sponsored enterprise obligations 8,000 — (130) 7,870 Corporate bonds 17,162 125 (29) 17,258 $ 65,465 $ 633 $ (367) $ 65,731 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 nine months ended September 30, 2017. For the three months ended September 30, 2016, proceeds from sales of available-for-sale securities amounted to $ 995 1.1 16 Amortized Fair Cost Value (In thousands) Within 1 year $ 3,303 $ 3,295 After 1 year to 5 years 19,072 19,177 After 5 years to 10 years 15,208 15,278 After 10 years 929 922 38,512 38,672 Mortgage- and asset-backed securities 26,953 27,059 $ 65,465 $ 65,731 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. Less Than Twelve Months Over Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value (In thousands) September 30, 2017 Residential mortgage-backed securities: Government National Mortgage Association $ (16) $ 912 $ (25) $ 846 Government-sponsored enterprises (36) 3,707 (19) 475 SBA and other asset-backed securities (33) 1,904 (38) 1,596 State and municipal bonds (23) 2,681 (18) 1,424 Government-sponsored enterprise obligations (38) 2,962 (92) 4,908 Corporate bonds — — (29) 1,992 $ (146) $ 12,166 $ (221) $ 11,241 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 September 30, 2017, various debt securities have unrealized losses with aggregate depreciation of 1.5

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 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 September 30, December 31, 2017 2016 (In thousands) Real estate loans: Residential – fixed $ 30,570 $ 18,573 Residential – variable 280,403 249,486 Commercial 130,086 121,134 Construction 123,576 110,390 564,635 499,583 Commercial loans: Secured 56,137 49,126 Unsecured 20 221 56,157 49,347 Consumer loans: Home equity lines of credit 33,271 32,437 Other 212 216 33,483 32,653 Total loans 654,275 581,583 Less: Allowance for loan losses (5,793) (5,432) Net deferred origination costs (fees) 111 (20) Loans, net $ 648,593 $ 576,131 The following table summarizes the changes in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2017 and 2016: Residential Commercial Home Other Real Estate Real Estate Construction Commercial Equity Consumer Unallocated Total (In thousands) Three Months Ended September 30, 2017 Allowance at June 30, 2017 $ 1,563 $ 1,171 $ 1,760 $ 714 $ 215 $ 2 $ 118 $ 5,543 Provision (credit) for loan losses 73 59 86 115 1 — (84) 250 Allowance at September 30, 2017 $ 1,636 $ 1,230 $ 1,846 $ 829 $ 216 $ 2 $ 34 $ 5,793 Three Months Ended September 30, 2016 Allowance at June 30, 2016 $ 1,373 $ 1,036 $ 1,704 $ 643 $ 249 $ 3 $ 178 $ 5,186 Provision (credit) for loan losses 46 30 (8) 92 3 — (38) 125 Loans charged off (4) — — — — — — (4) Allowance at September 30, 2016 $ 1,415 $ 1,066 $ 1,696 $ 735 $ 252 $ 3 $ 140 $ 5,307 Nine Months Ended September 30, 2017 Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Provision (credit) for loan losses 214 85 19 126 5 10 (87) 372 Loans charged off — — — — — (11) — (11) Allowance at September 30, 2017 $ 1,636 $ 1,230 $ 1,846 $ 829 $ 216 $ 2 $ 34 $ 5,793 Nine Months Ended September 30, 2016 Allowance at December 31, 2015 $ 1,490 $ 1,025 $ 1,684 $ 509 $ 238 $ 2 $ 164 $ 5,112 Provision (credit) for loan losses 31 41 12 226 25 1 (24) 312 Loans charged off (106) — — (11) — — (117) Allowance at September 30, 2016 $ 1,415 $ 1,066 $ 1,696 $ 735 $ 252 $ 3 $ 140 $ 5,307 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) September 30, 2017 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 1,636 1,230 1,846 829 216 2 34 5,793 Total allowance $ 1,636 $ 1,230 $ 1,846 $ 829 $ 216 $ 2 $ 34 $ 5,793 Impaired loan balances $ 174 $ 580 $ — $ — $ — $ — $ — $ 754 Non-impaired loan balances 310,799 129,506 123,576 56,157 33,271 212 — 653,521 Total loans $ 310,973 $ 130,086 $ 123,576 $ 56,157 $ 33,271 $ 212 $ — $ 654,275 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 30-59 Past Due 90 Days or More Non- Days 60-89 Days Days or Total and Still accrual Past Due Past Due More Past Due Accruing Loans (In thousands) September 30, 2017 Commercial real estate $ 956 $ 580 $ — $ 1,536 $ — $ 580 Home equity lines of credit 142 — — 142 — — Total $ 1,098 $ 580 $ — $ 1,678 $ — $ 580 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 September 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 $ 174 $ 192 $ 179 $ 196 Commercial real estate 580 712 591 646 Total impaired loans $ 754 $ 904 $ 770 $ 842 Three Months Ended September 30, 2017 Nine Months Ended September 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 $ 175 $ 2 $ — $ 176 $ 5 $ — Commercial real estate 582 5 5 583 48 48 Total $ 757 $ 7 $ 5 $ 759 $ 53 $ 48 Three Months Ended September 30, 2016 Nine Months Ended September 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 $ 285 $ 2 $ — $ 394 $ 13 $ 8 Commercial real estate 610 — — 625 — — Commercial 5 — — 8 — — Home equity lines of credit 12 — — 19 1 1 Total $ 912 $ 2 $ — $ 1,046 $ 14 $ 9 No additional funds are committed to be advanced in connection with impaired loans. There were no troubled debt restructurings during the three months ended September 30, 2017. Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment (In thousands) Commercial real estate $ 1 $ 572 $ 582 During the nine months ended September 30, 2017, the Company recorded a TDR for one commercial real estate loan which capitalized past-due interest over the remaining term of the loan in accordance with their bankruptcy filing. There were no TDRs recorded during the three and nine months ended September 30, 2016. There were no TDRs that defaulted, generally considered 90 days past due or longer, during the three and nine months ended September 30, 2017 and 2016, and for which default was within one year of the restructure date. TDRs did not have a material impact on the allowance for loan losses for the three and nine months ended September 30, 2017 and 2016. 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. September 30, 2017 December 31, 2016 Commercial Commercial Real Estate Construction Commercial Total Real Estate Construction Commercial Total (In thousands) Loans rated 1 -4 $ 125,417 $ 123,576 $ 55,203 $ 304,196 $ 115,110 $ 110,390 $ 46,820 $ 272,320 Loans rated 5 1,493 — 314 1,807 5,433 — 1,569 7,002 Loans rated 6 2,596 — 640 3,236 — — 958 958 Loans rated 7 580 — — 580 591 — — 591 Total $ 130,086 $ 123,576 $ 56,157 $ 309,819 $ 121,134 $ 110,390 $ 49,347 $ 280,871

FAIR VALUES OF FINANCIAL INSTRU

FAIR VALUES OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 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 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 assets and liabilities. 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 assets and liabilities. 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) September 30, 2017 Assets Securities available for sale $ — $ 65,731 $ — $ 65,731 Forward loan sale commitments — 5 — 5 Total assets $ — $ 65,736 $ — $ 65,736 Liabilities Derivative loan commitments $ — $ 3 $ — $ 3 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. September 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (In thousands) Loans held for sale $ — $ — $ — $ — $ — $ 1,454 There are no liabilities measured at fair value on a non-recurring basis at September 30, 2017 and December 31, 2016 . Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 (In thousands) Loans held for sale $ — $ (18) $ — $ (18) Impaired loans — (4) — (118) $ — $ (22) $ — $ (136) Loans held for sale (“LHFS”) are evaluated for losses associated with the application of LOCOM accounting. 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) September 30, 2017 Financial assets: Cash and cash equivalents $ 31,019 $ 31,019 $ — $ — $ 31,019 Certificates of deposit 100 100 — — 100 Securities available for sale 65,731 — 65,731 — 65,731 FHLB stock 6,073 — — 6,073 6,073 Loans held for sale — — — — — Loans, net 648,593 — — 658,627 658,627 Accrued interest receivable 1,868 — — 1,868 1,868 Forward loan sale commitments 5 — — 5 5 Financial liabilities: Deposits $ 581,549 $ — $ — $ 581,269 $ 581,269 Short-term borrowings 27,000 — 27,000 — 27,000 Long-term debt 87,261 — 87,524 — 87,524 Subordinated debt 9,794 — — 9,575 9,575 Accrued interest payable 244 — — 244 244 Derivative loan commitments 3 — 3 — 3 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	9 Months Ended
	Sep. 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 September 30, 2017, the ESOP held 181,508 7.28 15 3.25 Allocated 53,126 Committed to be allocated 9,629 Unallocated 118,753 181,508 The fair value of unallocated shares was $ 3.2 Total compensation expense recognized in connection with the ESOP for the three and nine month periods ended September 30, 2017 was $ 86 260 Total compensation expense recognized in connection with the ESOP for the three and nine month periods ended September 30, 2016 was $ 68 191

EQUITY INCENTIVE PLANS

EQUITY INCENTIVE PLANS	9 Months Ended
	Sep. 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 (3) $ 15.77 — Forfeited — — — Outstanding at end of period 219 $ 16.02 5.42 $ 2,410 Options exercisable at end of period 155 $ 15.39 5.07 $ 1,737 For the three months ended September 30, 2017 and 2016, compensation expense applicable to the stock options was $ 54 53 10 For the nine months ended September 30, 2017 and 2016, compensation expense applicable to the stock options was $ 159 28 Unrecognized compensation expense for non-vested stock options totaled $ 79 0.42 Stock Awards Number of Grant-date Shares Fair Value (In thousands) Non-vested stock awards at beginning of period 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 September 30, 2017 and 2016, compensation expense applicable to the stock awards was $ 121 74 134 30 For the nine months ended September 30, 2017 and 2016, compensation expense applicable to the stock awards was $ 334 222 134 89 Unrecognized compensation expense for non-vested restricted stock totaled $ 692 2.65

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 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. Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 (In thousands, except per share data) Net income applicable to common stock $ 1,166 $ 755 $ 2,984 $ 2,214 Average number of common shares issued 2,490 2,458 2,488 2,458 Less: Average unallocated ESOP shares (120) (133) (124) (136) Average number of common shares outstanding used to calculate basic earnings per common share 2,370 2,325 2,364 2,322 Effect of dilutive stock options 84 39 85 30 Average number of common shares outstanding used to calculate diluted earnings per share 2,454 2,364 2,449 2,352 Earnings per common share: Basic $ 0.49 $ 0.32 $ 1.26 $ 0.95 Diluted $ 0.48 $ 0.32 $ 1.22 $ 0.94 All options were included in the computations of diluted earnings per share for the three and nine months ended September 30, 2017. For the three and nine months ended September 30, 2016, options for 37,000

LOAN POLICIES (Policies)

LOAN POLICIES (Policies)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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: September 30, December 31, 2017 2016 (In thousands) Unrealized holding gains (losses) on securities available for sale $ 266 $ (374) Tax effect (94) 145 Net-of tax amount $ 172 $ (229)

SECURITIES AVAILABLE FOR SALE (

SECURITIES AVAILABLE FOR SALE (Tables)	9 Months Ended
	Sep. 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: September 30, 2017 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Residential mortgage-backed securities: Government National Mortgage Association $ 3,480 $ 49 $ (41) $ 3,488 Government-sponsored enterprises 12,079 108 (55) 12,132 SBA and other asset-backed securities 11,394 116 (71) 11,439 State and municipal bonds 13,350 235 (41) 13,544 Government-sponsored enterprise obligations 8,000 — (130) 7,870 Corporate bonds 17,162 125 (29) 17,258 $ 65,465 $ 633 $ (367) $ 65,731 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 September 30, 2017 are as follows: Amortized Fair Cost Value (In thousands) Within 1 year $ 3,303 $ 3,295 After 1 year to 5 years 19,072 19,177 After 5 years to 10 years 15,208 15,278 After 10 years 929 922 38,512 38,672 Mortgage- and asset-backed securities 26,953 27,059 $ 65,465 $ 65,731
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) September 30, 2017 Residential mortgage-backed securities: Government National Mortgage Association $ (16) $ 912 $ (25) $ 846 Government-sponsored enterprises (36) 3,707 (19) 475 SBA and other asset-backed securities (33) 1,904 (38) 1,596 State and municipal bonds (23) 2,681 (18) 1,424 Government-sponsored enterprise obligations (38) 2,962 (92) 4,908 Corporate bonds — — (29) 1,992 $ (146) $ 12,166 $ (221) $ 11,241 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)	9 Months Ended
	Sep. 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: September 30, December 31, 2017 2016 (In thousands) Real estate loans: Residential – fixed $ 30,570 $ 18,573 Residential – variable 280,403 249,486 Commercial 130,086 121,134 Construction 123,576 110,390 564,635 499,583 Commercial loans: Secured 56,137 49,126 Unsecured 20 221 56,157 49,347 Consumer loans: Home equity lines of credit 33,271 32,437 Other 212 216 33,483 32,653 Total loans 654,275 581,583 Less: Allowance for loan losses (5,793) (5,432) Net deferred origination costs (fees) 111 (20) Loans, net $ 648,593 $ 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 nine months ended September 30, 2017 and 2016: Residential Commercial Home Other Real Estate Real Estate Construction Commercial Equity Consumer Unallocated Total (In thousands) Three Months Ended September 30, 2017 Allowance at June 30, 2017 $ 1,563 $ 1,171 $ 1,760 $ 714 $ 215 $ 2 $ 118 $ 5,543 Provision (credit) for loan losses 73 59 86 115 1 — (84) 250 Allowance at September 30, 2017 $ 1,636 $ 1,230 $ 1,846 $ 829 $ 216 $ 2 $ 34 $ 5,793 Three Months Ended September 30, 2016 Allowance at June 30, 2016 $ 1,373 $ 1,036 $ 1,704 $ 643 $ 249 $ 3 $ 178 $ 5,186 Provision (credit) for loan losses 46 30 (8) 92 3 — (38) 125 Loans charged off (4) — — — — — — (4) Allowance at September 30, 2016 $ 1,415 $ 1,066 $ 1,696 $ 735 $ 252 $ 3 $ 140 $ 5,307 Nine Months Ended September 30, 2017 Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Provision (credit) for loan losses 214 85 19 126 5 10 (87) 372 Loans charged off — — — — — (11) — (11) Allowance at September 30, 2017 $ 1,636 $ 1,230 $ 1,846 $ 829 $ 216 $ 2 $ 34 $ 5,793 Nine Months Ended September 30, 2016 Allowance at December 31, 2015 $ 1,490 $ 1,025 $ 1,684 $ 509 $ 238 $ 2 $ 164 $ 5,112 Provision (credit) for loan losses 31 41 12 226 25 1 (24) 312 Loans charged off (106) — — (11) — — (117) Allowance at September 30, 2016 $ 1,415 $ 1,066 $ 1,696 $ 735 $ 252 $ 3 $ 140 $ 5,307
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) September 30, 2017 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 1,636 1,230 1,846 829 216 2 34 5,793 Total allowance $ 1,636 $ 1,230 $ 1,846 $ 829 $ 216 $ 2 $ 34 $ 5,793 Impaired loan balances $ 174 $ 580 $ — $ — $ — $ — $ — $ 754 Non-impaired loan balances 310,799 129,506 123,576 56,157 33,271 212 — 653,521 Total loans $ 310,973 $ 130,086 $ 123,576 $ 56,157 $ 33,271 $ 212 $ — $ 654,275 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 30-59 Past Due 90 Days or More Non- Days 60-89 Days Days or Total and Still accrual Past Due Past Due More Past Due Accruing Loans (In thousands) September 30, 2017 Commercial real estate $ 956 $ 580 $ — $ 1,536 $ — $ 580 Home equity lines of credit 142 — — 142 — — Total $ 1,098 $ 580 $ — $ 1,678 $ — $ 580 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: September 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 $ 174 $ 192 $ 179 $ 196 Commercial real estate 580 712 591 646 Total impaired loans $ 754 $ 904 $ 770 $ 842
Impaired Financing Receivables By Class Of Loans [Table Text Block]	Additional information pertaining to impaired loans follows: Three Months Ended September 30, 2017 Nine Months Ended September 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 $ 175 $ 2 $ — $ 176 $ 5 $ — Commercial real estate 582 5 5 583 48 48 Total $ 757 $ 7 $ 5 $ 759 $ 53 $ 48 Three Months Ended September 30, 2016 Nine Months Ended September 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 $ 285 $ 2 $ — $ 394 $ 13 $ 8 Commercial real estate 610 — — 625 — — Commercial 5 — — 8 — — Home equity lines of credit 12 — — 19 1 1 Total $ 912 $ 2 $ — $ 1,046 $ 14 $ 9
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	The following is a summary of troubled debt restructurings recorded for the nine months ended September 30, 2017. 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: September 30, 2017 December 31, 2016 Commercial Commercial Real Estate Construction Commercial Total Real Estate Construction Commercial Total (In thousands) Loans rated 1 -4 $ 125,417 $ 123,576 $ 55,203 $ 304,196 $ 115,110 $ 110,390 $ 46,820 $ 272,320 Loans rated 5 1,493 — 314 1,807 5,433 — 1,569 7,002 Loans rated 6 2,596 — 640 3,236 — — 958 958 Loans rated 7 580 — — 580 591 — — 591 Total $ 130,086 $ 123,576 $ 56,157 $ 309,819 $ 121,134 $ 110,390 $ 49,347 $ 280,871

FAIR VALUES OF FINANCIAL INST22

FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 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 September 30, 2017 and December 31, 2016 are summarized below. Total Level 1 Level 2 Level 3 Fair Value (In thousands) September 30, 2017 Assets Securities available for sale $ — $ 65,731 $ — $ 65,731 Forward loan sale commitments — 5 — 5 Total assets $ — $ 65,736 $ — $ 65,736 Liabilities Derivative loan commitments $ — $ 3 $ — $ 3 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. September 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (In thousands) Loans held for sale $ — $ — $ — $ — $ — $ 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 nine month periods ended September 30, 2017 and 2016. Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 (In thousands) Loans held for sale $ — $ (18) $ — $ (18) Impaired loans — (4) — (118) $ — $ (22) $ — $ (136)
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) September 30, 2017 Financial assets: Cash and cash equivalents $ 31,019 $ 31,019 $ — $ — $ 31,019 Certificates of deposit 100 100 — — 100 Securities available for sale 65,731 — 65,731 — 65,731 FHLB stock 6,073 — — 6,073 6,073 Loans held for sale — — — — — Loans, net 648,593 — — 658,627 658,627 Accrued interest receivable 1,868 — — 1,868 1,868 Forward loan sale commitments 5 — — 5 5 Financial liabilities: Deposits $ 581,549 $ — $ — $ 581,269 $ 581,269 Short-term borrowings 27,000 — 27,000 — 27,000 Long-term debt 87,261 — 87,524 — 87,524 Subordinated debt 9,794 — — 9,575 9,575 Accrued interest payable 244 — — 244 244 Derivative loan commitments 3 — 3 — 3 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)	9 Months Ended
	Sep. 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 September 30, 2017 include the following: Allocated 53,126 Committed to be allocated 9,629 Unallocated 118,753 181,508

EQUITY INCENTIVE PLANS (Tables)

EQUITY INCENTIVE PLANS (Tables)	9 Months Ended
	Sep. 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 nine months ended September 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 (3) $ 15.77 — Forfeited — — — Outstanding at end of period 219 $ 16.02 5.42 $ 2,410 Options exercisable at end of period 155 $ 15.39 5.07 $ 1,737
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 nine months ended September 30, 2017: Number of Grant-date Shares Fair Value (In thousands) Non-vested stock awards at beginning of period 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)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	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 Nine Months Ended September 30, September 30, 2017 2016 2017 2016 (In thousands, except per share data) Net income applicable to common stock $ 1,166 $ 755 $ 2,984 $ 2,214 Average number of common shares issued 2,490 2,458 2,488 2,458 Less: Average unallocated ESOP shares (120) (133) (124) (136) Average number of common shares outstanding used to calculate basic earnings per common share 2,370 2,325 2,364 2,322 Effect of dilutive stock options 84 39 85 30 Average number of common shares outstanding used to calculate diluted earnings per share 2,454 2,364 2,449 2,352 Earnings per common share: Basic $ 0.49 $ 0.32 $ 1.26 $ 0.95 Diluted $ 0.48 $ 0.32 $ 1.22 $ 0.94

LOAN POLICIES (Details Textual)

LOAN POLICIES (Details Textual)	9 Months Ended
	Sep. 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	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized holding gains (losses) on securities available for sale	$ 266	$ (374)
Tax effect	(94)	145
Net-of tax amount	$ 172	$ (229)

RECENT ACCOUNTING AND REGULAT28

RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS (Details Textual) $ in Millions	Dec. 31, 2016USD ($)
Operating Leases, Future Minimum Payments Due	$ 6.4

SECURITIES AVAILABLE FOR SALE29

SECURITIES AVAILABLE FOR SALE (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 65,465	$ 65,022
Gross Unrealized Gains	633	346
Gross Unrealized Losses	(367)	(720)
Fair Value	65,731	64,648
SBA and other asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,394	12,571
Gross Unrealized Gains	116	70
Gross Unrealized Losses	(71)	(140)
Fair Value	11,439	12,501
State and municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,350	9,533
Gross Unrealized Gains	235	93
Gross Unrealized Losses	(41)	(156)
Fair Value	13,544	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	(130)	(197)
Fair Value	7,870	7,803
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	17,162	17,908
Gross Unrealized Gains	125	55
Gross Unrealized Losses	(29)	(97)
Fair Value	17,258	17,866
Residential mortgage-backed securities [Member] | Government National Mortgage Association [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,480	3,876
Gross Unrealized Gains	49	55
Gross Unrealized Losses	(41)	(33)
Fair Value	3,488	3,898
Residential mortgage-backed securities [Member] | Government-sponsored enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,079	13,134
Gross Unrealized Gains	108	73
Gross Unrealized Losses	(55)	(97)
Fair Value	$ 12,132	$ 13,110

SECURITIES AVAILABLE FOR SALE30

SECURITIES AVAILABLE FOR SALE (Details 1) $ in Thousands	Sep. 30, 2017USD ($)
Available-for-sale Securities, Debt Maturities, Amortized Cost
Within 1 year	$ 3,303
After 1 year to 5 years	19,072
After 5 years to 10 years	15,208
After 10 years	929
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	38,512
Mortgage- and asset-backed securities	26,953
Available-for-sale Debt Securities, Amortized Cost Basis, Total	65,465
Available-for-sale Securities, Debt Maturities, Fair Value
Within 1 year	3,295
After 1 year to 5 years	19,177
After 5 years to 10 years	15,278
After 10 years	922
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Fair Value Total	38,672
Mortgage- and asset-backed securities	27,059
Available-for-sale Securities, Debt Securities, Fair Value Total	$ 65,731

SECURITIES AVAILABLE FOR SALE31

SECURITIES AVAILABLE FOR SALE (Details 2) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	$ (146)	$ (655)
Less Than Twelve Months Fair Value	12,166	34,514
Over Twelve Months Gross Unrealized Losses	(221)	(65)
Over Twelve Months Fair Value	11,241	4,385
SBA and other asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(33)	(115)
Less Than Twelve Months Fair Value	1,904	6,109
Over Twelve Months Gross Unrealized Losses	(38)	(25)
Over Twelve Months Fair Value	1,596	1,608
State and municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(23)	(154)
Less Than Twelve Months Fair Value	2,681	5,257
Over Twelve Months Gross Unrealized Losses	(18)	(2)
Over Twelve Months Fair Value	1,424	396
Government-sponsored enterprise obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(38)	(197)
Less Than Twelve Months Fair Value	2,962	7,803
Over Twelve Months Gross Unrealized Losses	(92)	0
Over Twelve Months Fair Value	4,908	0
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	0	(93)
Less Than Twelve Months Fair Value	0	7,360
Over Twelve Months Gross Unrealized Losses	(29)	(4)
Over Twelve Months Fair Value	1,992	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	(16)	(11)
Less Than Twelve Months Fair Value	912	1,214
Over Twelve Months Gross Unrealized Losses	(25)	(22)
Over Twelve Months Fair Value	846	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	(36)	(85)
Less Than Twelve Months Fair Value	3,707	6,771
Over Twelve Months Gross Unrealized Losses	(19)	(12)
Over Twelve Months Fair Value	$ 475	$ 540

SECURITIES AVAILABLE FOR SALE32

SECURITIES AVAILABLE FOR SALE (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule of Available-for-sale Securities [Line Items]
Unrealized Losses Debt Securities Aggregate Depreciation Percentage	1.50%		1.50%
Proceeds from Sale of Available-for-sale Securities	$ 0	$ 995,000	$ 0	$ 1,088,000
Available-for-sale Securities, Gross Realized Gains				16,000
Available-for-sale Securities, Gross Realized Losses				$ 0

LOANS AND ALLOWANCE FOR LOAN 33

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Total loans	$ 654,275	$ 581,583
Less: Allowance for loan losses	(5,793)	(5,432)
Net deferred origination costs (fees)	111	(20)
Loans, net	648,593	576,131
Commercial loan [Member]
Total loans	56,157	49,347
Consumer loan [Member]
Total loans	33,483	32,653
Residential - fixed [Member]
Total loans	30,570	18,573
Residential - variable [Member]
Total loans	280,403	249,486
Commercial Real Estate [Member]
Total loans	130,086	121,134
Construction [Member]
Total loans	123,576	110,390
Secured [Member]
Total loans	56,137	49,126
Unsecured [Member]
Total loans	20	221
Home equity lines of credit [Member]
Total loans	33,271	32,437
Other Consumer [Member]
Total loans	212	216
Real estate loans [Member]
Total loans	$ 564,635	$ 499,583

LOANS AND ALLOWANCE FOR LOAN 34

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Allowance Beginning Balance	$ 5,543	$ 5,186	$ 5,432	$ 5,112
Provision (credit) for loan losses	250	125	372	312
Loans charged off		(4)	(11)	(117)
Allowance Ending Balance	5,793	5,307	5,793	5,307
Commercial [Member]
Allowance Beginning Balance	714	643	703	509
Provision (credit) for loan losses	115	92	126	226
Loans charged off		0	0	0
Allowance Ending Balance	829	735	829	735
Residential Real Estate [Member]
Allowance Beginning Balance	1,563	1,373	1,422	1,490
Provision (credit) for loan losses	73	46	214	31
Loans charged off		(4)	0	(106)
Allowance Ending Balance	1,636	1,415	1,636	1,415
Commercial Real Estate [Member]
Allowance Beginning Balance	1,171	1,036	1,145	1,025
Provision (credit) for loan losses	59	30	85	41
Loans charged off		0	0	0
Allowance Ending Balance	1,230	1,066	1,230	1,066
Construction [Member]
Allowance Beginning Balance	1,760	1,704	1,827	1,684
Provision (credit) for loan losses	86	(8)	19	12
Loans charged off		0	0	0
Allowance Ending Balance	1,846	1,696	1,846	1,696
Home equity lines of credit [Member]
Allowance Beginning Balance	215	249	211	238
Provision (credit) for loan losses	1	3	5	25
Loans charged off		0	0	(11)
Allowance Ending Balance	216	252	216	252
Other Consumer [Member]
Allowance Beginning Balance	2	3	3	2
Provision (credit) for loan losses	0	0	10	1
Loans charged off		0	(11)	0
Allowance Ending Balance	2	3	2	3
Unallocated [Member]
Allowance Beginning Balance	118	178	121	164
Provision (credit) for loan losses	(84)	(38)	(87)	(24)
Loans charged off		0	0	0
Allowance Ending Balance	$ 34	$ 140	$ 34	$ 140

LOANS AND ALLOWANCE FOR LOAN 35

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 2) - USD ($) $ in Thousands	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Allowance related to impaired loans	$ 0		$ 0
Allowance related to non-impaired loans	5,793		5,432
Total allowance	5,793	$ 5,543	5,432	$ 5,307	$ 5,186	$ 5,112
Impaired loan balances	754		770
Non-impaired loan balances	653,521		580,813
Total loans	654,275		581,583
Commercial [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	829		703
Total allowance	829	714	703	735	643	509
Impaired loan balances	0		0
Non-impaired loan balances	56,157		49,347
Total loans	56,157		49,347
Residential Real Estate [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	1,636		1,422
Total allowance	1,636	1,563	1,422	1,415	1,373	1,490
Impaired loan balances	174		179
Non-impaired loan balances	310,799		267,880
Total loans	310,973		268,059
Commercial Real Estate [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	1,230		1,145
Total allowance	1,230	1,171	1,145	1,066	1,036	1,025
Impaired loan balances	580		591
Non-impaired loan balances	129,506		120,543
Total loans	130,086		121,134
Construction [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	1,846		1,827
Total allowance	1,846	1,760	1,827	1,696	1,704	1,684
Impaired loan balances	0		0
Non-impaired loan balances	123,576		110,390
Total loans	123,576		110,390
Home equity lines of credit [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	216		211
Total allowance	216	215	211	252	249	238
Impaired loan balances	0		0
Non-impaired loan balances	33,271		32,437
Total loans	33,271		32,437
Other Consumer [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	2		3
Total allowance	2	2	3	3	3	2
Impaired loan balances	0		0
Non-impaired loan balances	212		216
Total loans	212		216
Unallocated [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	34		121
Total allowance	34	$ 118	121	$ 140	$ 178	$ 164
Impaired loan balances	0		0
Non-impaired loan balances	0		0
Total loans	$ 0		$ 0

LOANS AND ALLOWANCE FOR LOAN 36

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 3) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Total Past Due	$ 1,678	$ 1,778
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	580	591
Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	1,098	0
Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	580	1,187
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	0	591
Commercial Real Estate [Member]
Total Past Due	1,536	1,570
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	580	591
Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	956	0
Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	580	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	142	208
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	0	0
Home equity lines of credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	142	0
Home equity lines of credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	0	208
Home equity lines of credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 37

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Total impaired loans Recorded Investment	$ 754	$ 770
Total impaired loans Unpaid Principal Balance	904	842
Residential Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	174	179
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	192	196
Commercial Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	580	591
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	$ 712	$ 646

LOANS AND ALLOWANCE FOR LOAN 38

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Average Recorded Investment	$ 757	$ 912	$ 759	$ 1,046
Interest Income Recognized	7	2	53	14
Interest Income Recognized on Cash Basis	5	0	48	9
Commercial [Member]
Average Recorded Investment		5		8
Interest Income Recognized		0		0
Interest Income Recognized on Cash Basis		0		0
Residential real estate [Member]
Average Recorded Investment	175	285	176	394
Interest Income Recognized	2	2	5	13
Interest Income Recognized on Cash Basis	0	0	0	8
Commercial real estate [Member]
Average Recorded Investment	582	610	583	625
Interest Income Recognized	5	0	48	0
Interest Income Recognized on Cash Basis	$ 5	0	$ 48	0
Home equity lines of credit [Member]
Average Recorded Investment		12		19
Interest Income Recognized		0		1
Interest Income Recognized on Cash Basis		$ 0		$ 1

LOANS AND ALLOWANCE FOR LOAN 39

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 6) - Commercial Real Estate Portfolio Segment [Member] $ in Thousands	9 Months Ended
	Sep. 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 40

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 7) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Loans	$ 309,819	$ 280,871
Loans rated 1-4 [Member]
Loans	304,196	272,320
Loans rated 5 [Member]
Loans	1,807	7,002
Loans rated 6 [Member]
Loans	3,236	958
Loans rated 7 [Member]
Loans	580	591
Commercial Real Estate [Member]
Loans	130,086	121,134
Commercial Real Estate [Member] | Loans rated 1-4 [Member]
Loans	125,417	115,110
Commercial Real Estate [Member] | Loans rated 5 [Member]
Loans	1,493	5,433
Commercial Real Estate [Member] | Loans rated 6 [Member]
Loans	2,596	0
Commercial Real Estate [Member] | Loans rated 7 [Member]
Loans	580	591
Construction [Member]
Loans	123,576	110,390
Construction [Member] | Loans rated 1-4 [Member]
Loans	123,576	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	56,157	49,347
Commercial [Member] | Loans rated 1-4 [Member]
Loans	55,203	46,820
Commercial [Member] | Loans rated 5 [Member]
Loans	314	1,569
Commercial [Member] | Loans rated 6 [Member]
Loans	640	958
Commercial [Member] | Loans rated 7 [Member]
Loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 41

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Loans and Leases Receivable, Gross	$ 654,275	$ 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 INST42

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 65,736	$ 64,720
Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities	3	17
Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	5
Total liabilities		72
Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	65,731	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	65,736	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	3	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	5
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	65,731	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 INST43

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details 1) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Loans held for sale	$ 0	$ 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	$ 0	$ 1,454

FAIR VALUES OF FINANCIAL INST44

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Non Recurring Basis [Line Items]
Total gain (Loss)	$ 0	$ (22)	$ 0	$ (136)
Loans Held For Sale [Member]
Fair Value, Assets and Liabilities Measured on Non Recurring Basis [Line Items]
Total gain (Loss)	0	(18)	0	(18)
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Non Recurring Basis [Line Items]
Total gain (Loss)	$ 0	$ (4)	$ 0	$ (118)

FAIR VALUES OF FINANCIAL INST45

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details 3) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Financial assets:
Cash and cash equivalents, Carrying Amount	$ 31,019	$ 28,425	$ 24,659	$ 28,178
Certificate of deposit, Carrying Amount	100	100
Securities available for sale, Carrying Amount	65,731	64,648
FHLB stock, Carrying Amount	6,073	5,758
Loans held for sale, Carrying Amount	0	1,454
Loans, net, Carrying Amount	648,593	576,131
Accrued interest receivable, Carrying Amount	1,868	1,647
Forward loan sale commitments, Carrying Amount	5	72
Cash and cash equivalents, Fair Value	31,019	28,425
Certificates of deposit, Fair Value	100	100
Securities available for sale, Fair Value	65,731	64,648
FHLB stock, Fair Value	6,073	5,758
Loans held for sale, Fair Value	0	1,454
Loans, net, Fair Value	658,627	591,450
Accrued interest receivable, Fair Value	1,868	1,647
Forward loan sale commitments, Fair Value	5	72
Financial liabilities:
Deposits, Carrying Amount	581,549	522,810
Short-term borrowings, Carrying Amount	27,000	21,250
Long-term debt, Carrying Amount	87,261	83,020
Subordinated debt, Carrying Amount	9,794	9,769
Accrued interest payable, Carrying Amount	244	140
Derivative loan commitments, Carrying Amount	3	17
Deposits, Fair Value	581,269	523,479
Short-term borrowings, Fair Value	27,000	21,250
Long-term debt, Fair Value	87,524	83,254
Subordinated debt, Fair Value	9,575	9,506
Accrued interest payable, Fair Value	244	140
Derivative loan commitments, Fair Value	3	17
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Securities available for sale, Carrying Amount	0	0
Cash and cash equivalents, Fair Value	31,019	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	65,731	64,648
Cash and cash equivalents, Fair Value	0	0
Certificates of deposit, Fair Value	0	0
Securities available for sale, Fair Value	65,731	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	3	17
Deposits, Fair Value	0	0
Short-term borrowings, Fair Value	27,000	21,250
Long-term debt, Fair Value	87,524	83,254
Subordinated debt, Fair Value	0	0
Accrued interest payable, Fair Value	0	0
Derivative loan commitments, Fair Value	3	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	6,073	5,758
Loans held for sale, Fair Value	0	1,454
Loans, net, Fair Value	658,627	591,450
Accrued interest receivable, Fair Value	1,868	1,647
Forward loan sale commitments, Fair Value	5	0
Financial liabilities:
Derivative loan commitments, Carrying Amount	0	0
Deposits, Fair Value	581,269	523,479
Short-term borrowings, Fair Value	0	0
Long-term debt, Fair Value	0	0
Subordinated debt, Fair Value	9,575	9,506
Accrued interest payable, Fair Value	244	140
Derivative loan commitments, Fair Value	$ 0	$ 0

EMPLOYEE STOCK OWNERSHIP PLAN46

EMPLOYEE STOCK OWNERSHIP PLAN (Details) - shares	Sep. 30, 2017	Sep. 30, 2016
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Allocated	53,126
Committed to be allocated	9,629	9,629
Unallocated	118,753
Employee Stock Ownership Plan (ESOP), Shares in ESOP	181,508

EMPLOYEE STOCK OWNERSHIP PLAN47

EMPLOYEE STOCK OWNERSHIP PLAN (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan ESOP Percent Of Shares Authorized To Be Purchased			7.28%
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			$ 3,200
Employee Stock Ownership Plan (ESOP), Shares in ESOP	181,508		181,508
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 86	$ 68	$ 260	$ 191

EQUITY INCENTIVE PLANS (Details

EQUITY INCENTIVE PLANS (Details) - 2012 Equity Incentive Plan [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Options
Outstanding at beginning of period	222
Granted	0
Exercised	(3)
Forfeited	0
Outstanding at end of period	219	222
Options exercisable at end of period	155
Weighted Average Exercise Price
Outstanding at beginning of period	$ 16.02
Granted	0
Exercised	15.77
Forfeited	0
Outstanding at end of period	16.02	$ 16.02
Options exercisable at end of period	$ 15.39
Weighted Average Remaining Contractual Term
Outstanding at beginning of period	5 years 5 months 1 day	5 years 11 months 1 day
Options exercisable at end of period	5 years 25 days
Aggregate intrinsic value
Outstanding	$ 2,410
Options exercisable at end of period	$ 1,737

EQUITY INCENTIVE PLANS (Detai49

EQUITY INCENTIVE PLANS (Details 1) shares in Thousands	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested stock awards, Number of Shares | shares	51
Restricted shares granted, Number of Shares | shares	5
Non-vested stock awards, Number of Shares | shares	56
Non-vested stock awards, Grant-date Fair Value | $ / shares	$ 19.38
Restricted shares granted, Grant-date Fair Value | $ / shares	27.65
Non-vested stock awards, Grant-date Fair Value | $ / shares	$ 20.11

EQUITY INCENTIVE PLANS (Detai50

EQUITY INCENTIVE PLANS (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense for non-vested stock options	$ 79		$ 79
Unrecognized compensation expense, recognition period			5 months 1 day
Compensation expense for stock award plan	121	$ 74	$ 334	$ 222
Recognize tax Benefit	134	30	134	89
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense for non-vested stock options	692		$ 692
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense, recognition period			2 years 7 months 24 days
Recognize tax Benefit	10	10	$ 28	28
Share base compensation expenses applicable to stock option plan	$ 54	$ 53	$ 159	$ 159
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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income applicable to common stock	$ 1,166	$ 755	$ 2,984	$ 2,214
Average number of common shares issued	2,490,000	2,458,000	2,488,000	2,458,000
Less: Average unallocated ESOP shares	(120,000)	(133,000)	(124,000)	(136,000)
Average number of common shares outstanding used to calculate basic earnings per common share	2,370,623	2,325,356	2,364,449	2,322,147
Effect of dilutive stock options	84,000	39,000	85,000	30,000
Average number of common shares outstanding used to calculate diluted earnings per share	2,454,198	2,364,437	2,448,558	2,352,110
Earnings per common share:
Basic	$ 0.49	$ 0.32	$ 1.26	$ 0.95
Diluted	$ 0.48	$ 0.32	$ 1.22	$ 0.94

EARNINGS PER COMMON SHARE (De52

EARNINGS PER COMMON SHARE (Details Textual) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	37,000	37,000