Wellesley Bancorp 10-K 29 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 15, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	Wellesley Bancorp, Inc.
Entity Central Index Key	1,526,952
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 68,968,900
Trading Symbol	WEBK
Entity Common Stock, Shares Outstanding		2,506,532

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 4,604	$ 3,607
Short-term investments	23,858	24,818
Total cash and cash equivalents	28,462	28,425
Certificates of deposit	100	100
Securities available for sale, at fair value	66,486	64,648
Federal Home Loan Bank of Boston stock, at cost	5,937	5,758
Loans held for sale	0	1,454
Loans	692,455	581,563
Less allowance for loan losses	(6,153)	(5,432)
Loans, net	686,302	576,131
Bank-owned life insurance	7,535	7,303
Premises and equipment, net	3,470	3,876
Accrued interest receivable	2,140	1,647
Net deferred tax asset	2,352	2,742
Other assets	2,611	3,199
Total assets	805,395	695,283
Deposits:
Noninterest-bearing	104,346	94,946
Interest-bearing	512,396	427,864
Total deposits	616,742	522,810
Short-term borrowings	38,000	21,250
Long-term debt	77,174	83,020
Subordinated debentures	9,802	9,769
Accrued expenses and other liabilities	4,432	3,220
Total liabilities	746,150	640,069
Commitments and contingencies (Notes 7, 13 and 14)
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, 2,506,532 and 2,484,852 shares issued and outstanding in 2017 and 2016, respectively	25	25
Additional paid-in capital	25,601	24,703
Retained earnings	34,736	31,999
Accumulated other comprehensive income (loss)	39	(229)
Unearned compensation - ESOP	(1,156)	(1,284)
Total stockholders' equity	59,245	55,214
Total liabilities and stockholders' equity	$ 805,395	$ 695,283

Consolidated Balance Sheets _Pa

Consolidated Balance Sheets [Parenthetical] - $ / shares	Dec. 31, 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	2,506,532	2,484,852
Common Stock, Shares, Outstanding	2,506,532	2,484,852

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Interest and dividend income:
Interest and fees on loans and loans held for sale	$ 26,251	$ 22,938
Interest on debt securities:
Taxable	1,338	1,369
Tax-exempt	305	219
Interest on short-term investments and certificates of deposit	220	83
Dividends on FHLB stock	252	195
Total interest and dividend income	28,366	24,804
Interest expense:
Deposits	3,581	3,111
Short-term borrowings	293	100
Long-term debt	1,182	1,053
Subordinated debentures	632	635
Total interest expense	5,688	4,899
Net interest income	22,678	19,905
Provision for loan losses	735	437
Net interest income, after provision for loan losses	21,943	19,468
Noninterest income:
Customer service fees	149	103
Gain on sales of securities, net	0	16
Mortgage banking activities	113	288
Income on bank-owned life insurance	232	230
Wealth management fees	1,257	982
Miscellaneous	236	91
Total noninterest income	1,987	1,710
Noninterest expenses:
Salaries and employee benefits	10,094	9,691
Occupancy and equipment	2,785	2,744
Data processing	892	778
FDIC insurance	609	404
Professional fees	761	884
Advertising and marketing	384	338
Other general and administrative	1,656	1,565
Total noninterest expenses	17,181	16,404
Income before income taxes	6,749	4,774
Provision for income taxes	3,564	1,838
Net income	3,185	2,936
Other comprehensive income (loss):
Net unrealized gains (losses) on available-for-sale securities	418	(608)
Reclassification adjustment for net gains on sales of securities recognized in noninterest income	0	(16)
Income tax (provision) benefit	(150)	233
Total other comprehensive income (loss), net of tax	268	(391)
Comprehensive income	$ 3,453	$ 2,545
Earnings per common share:
Basic	$ 1.34	$ 1.26
Diluted	$ 1.3	$ 1.24
Weighted average shares outstanding:
Basic	2,369,466	2,329,645
Diluted	2,454,580	2,367,038

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 (Loss) Income [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 (loss)	2,545	$ 0	0	2,936	(391)	0
Dividends paid to common stockholders	(348)	0	0	(348)	0	0
Share-based compensation - equity incentive plan	537	0	537	0	0	0
Restricted stock awards granted	0	$ 0	0	0	0	0
Restricted stock awards granted (in shares)		26,000
Stock options exercised	49	$ 0	49	0	0	0
Stock options exercised (in shares)		3,200
Tax effect of dividends on unvested restricted stock	2	$ 0	2	0	0	0
Excess tax benefit from vesting of restricted stock	45	0	45	0	0	0
Common stock repurchased in connection with restricted stock awards	(64)	$ 0	(64)	0	0	0
Common stock repurchased in connection with restricted stock awards (in shares)		(2,901)
ESOP shares committed to be allocated	270	$ 0	142	0	0	128
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 (loss)	3,453	$ 0	0	3,185	268	0
Dividends paid to common stockholders	(448)	0	0	(448)	0	0
Share-based compensation - equity incentive plan	614	0	614	0	0	0
Restricted stock awards granted	0	$ 0	0	0	0	0
Restricted stock awards granted (in shares)		15,000
Stock options exercised	157	$ 0	157	0	0	0
Stock options exercised (in shares)		10,100
Common stock repurchased in connection with restricted stock awards	(93)	$ 0	(93)	0	0	0
Common stock repurchased in connection with restricted stock awards (in shares)		(3,420)
ESOP shares committed to be allocated	348	$ 0	220	0	0	128
Balance at Dec. 31, 2017	$ 59,245	$ 25	$ 25,601	$ 34,736	$ 39	$ (1,156)
Balance (in shares) at Dec. 31, 2017		2,506,532

Consolidated Statements of Cha6

Consolidated Statements of Changes in Stockholders' Equity [Parenthetical] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Dividends paid to common stockholders, per share	$ 0.19	$ 0.15
ESOP shares committed to be allocated, Shares	12,838	12,838

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 3,185	$ 2,936
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	735	437
Depreciation and amortization	746	749
Net amortization of securities premiums and discounts	237	276
Gain on sales of securities, net	0	(16)
Principal balance of loans sold	11,747	30,739
Loans originated for sale	(10,293)	(31,061)
Accretion of net deferred loan fees	(570)	(524)
Income on bank-owned life insurance	(232)	(230)
Amortization of subordinated debt issuance costs	33	35
Deferred income tax provision (benefit)	240	(30)
ESOP expense	348	270
Share-based compensation	614	537
Excess tax benefits from share-based compensation	0	(45)
Net change in other assets and liabilities	1,264	(763)
Net cash provided by operating activities	8,054	3,310
Activity in securities available for sale:
Maturities, prepayments and calls	5,415	14,740
Purchases	(7,072)	(18,926)
Proceeds from sales	0	1,088
Purchase of Federal Home Loan Bank stock	(179)	(234)
Loan originations, net of principal payments	(110,336)	(68,738)
Additions to premises and equipment	(344)	(1,159)
Proceeds from sale of premises and equipment	47	0
Net cash used by investing activities	(112,469)	(73,229)
Cash flows from financing activities:
Net increase in deposits	93,932	59,072
Proceeds from issuance of long-term debt	39,000	26,085
Repayments of long-term debt	(44,846)	(15,925)
Increase in short-term borrowings	16,750	1,250
Stock options exercised	157	49
Common stock repurchased	(93)	(64)
Excess tax benefits from share-based compensation	0	45
Tax effect of dividends on unvested restricted stock	0	2
Cash dividends paid	(448)	(348)
Net cash provided by financing activities	104,452	70,166
Net change in cash and cash equivalents	37	247
Cash and cash equivalents at beginning of year	28,425	28,178
Cash and cash equivalents at end of year	28,462	28,425
Supplementary information:
Interest paid	5,250	4,816
Income taxes paid	$ 2,820	$ 2,019

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements include the accounts of the 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, formed 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. The Company provides a variety of financial services to individuals, non-profit organizations, small businesses and other entities within eastern Massachusetts. Its primary deposit products are checking, savings and term certificate accounts and its primary lending products are residential and commercial real estate loans, construction loans, commercial loans, and consumer loans. Management evaluates the Company’s performance and allocates resources based on a single segment concept. In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the realizability of deferred tax assets. Most of the Company’s lending activities are with customers located within the New England region of the country. The Company does not have any significant concentrations to any one industry or customer. Cash equivalents include amounts due from banks and short-term investments with original maturities of three months or less, primarily balances held at the Federal Reserve Bank of Boston. The Company maintains cash balances in excess of federally insured limits. Certificates of deposit are carried at cost, which approximates fair value. The Company groups its assets and liabilities 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 or 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 and liabilities include those 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. Securities classified as available for sale are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are amortized to earnings by methods which do not differ materially from the interest method. Discounts and, prior to January 1, 2017, premiums, are amortized over contractual lives of the securities. Effective January 1, 2017, premiums are amortized over the earlier of the estimated lives or the earliest call date of the securities. See “Recent Accounting Pronouncements”. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Each reporting period, the Company evaluates all securities with a fair value below amortized cost to determine whether other-than-temporary impairment (“OTTI”) exists. OTTI is required to be recognized if (1) the Company intends to sell the security; (2) it is “more likely than not” that the Company will be required to sell the security before recovery of its amortized cost basis; or (3) for debt securities, the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. For all impaired debt securities that the Company intends to sell, or more likely than not will be required to sell, the full amount of the depreciation is recognized as OTTI through earnings. Credit-related OTTI for all other impaired debt securities is recognized through earnings. Non-credit related OTTI for such debt securities is recognized in other comprehensive income, net of applicable taxes. The Bank, as a member of the Federal Home Loan Bank (“FHLB”) of Boston, is required to maintain an investment in capital stock of the FHLB. Based on redemption provisions of the FHLB, the stock has no quoted market value and is carried at cost. At its discretion, the FHLB may declare dividends on the stock. The Bank reviews for impairment based on the ultimate recoverability of the cost basis in the FHLB stock. As of December 31, 2017 and 2016, no impairment has been recognized. Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in its 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 economic 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. The allowance for loan losses is established through a provision for loan losses charged to earnings as losses are estimated to occur. Loan losses are charged against the allowance when management believes the uncollectibility of the loan balance is confirmed. Subsequent recoveries 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 3 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 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, may have an adverse 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, may have an effect on the credit quality of 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 uncertainties that could affect management’s estimate 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. Land is carried at cost. Buildings, leasehold improvements and equipment are stated at cost, less accumulated depreciation and amortization computed on the straight-line method over the estimated useful lives of the assets or the expected terms of the leases, if shorter. Expected terms include lease option periods to the extent that the exercise of such options is reasonably assured. Bank-owned life insurance policies are reflected on the consolidated balance sheets at cash surrender value. Changes in cash surrender value are reflected in noninterest income, and are not subject to income taxes. Transfers of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company; (2) the transferee obtains the right to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets. During the normal course of business, the Company may transfer a portion of a financial asset, for example, a participation loan. In order to be eligible for sales treatment, the transfer of the portion of the loan must meet the criteria of a participating interest. If it does not meet criteria of a participating interest, the transfer must be accounted for as a secured borrowing. In order to meet criteria for a participating interest, all cash flows from the loan must be divided proportionately, the rights of each loan holder must have the same priority, the loan holders must have no recourse to the transferor other than standard representations and warranties and no loan holder has the right to pledge or exchange the entire loan. Derivative financial instruments are recognized as assets and liabilities on the consolidated balance sheets and measured at fair value. Derivative Loan Commitments Mortgage loan commitments are referred to as derivative loan commitments if the loan that will result from exercise of the commitment will be held for sale upon funding. Loan commitments that are derivatives are recognized at fair value, including servicing values, on the consolidated balance sheet in other assets and other liabilities with changes in their fair values recorded in miscellaneous income. Fair values of the loan commitments are recognized based on changes in the fair value of the underlying mortgage due to interest rate changes, changes in the probability the derivative loan commitment will be exercised, and the passage of time. In estimating fair value, the Company assigns a probability to a loan commitment based on the expectation that it will be exercised and the loan will be funded. Forward Loan Sale Commitments To protect against the price risk inherent in derivative loan commitments, the Company utilizes “best efforts” forward loan sale commitments to mitigate the risk of potential decreases in the values of loans that would result from the exercise of the derivative loan commitments. Forward loan sale commitments are recognized at fair value on the consolidated balance sheet in other assets and other liabilities with changes in their fair values recorded in miscellaneous income. Fair values for forward loan sale commitments are based on changes in the fair values of the underlying loans. Advertising costs are expensed as incurred. Deferred tax assets and liabilities relate to temporary differences between the book and tax bases of certain assets and liabilities, and are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, as recently occurred with the Tax Cuts and Jobs Act (see Note 12), deferred tax assets and liabilities are adjusted through the provision for income taxes. A valuation allowance is established against deferred tax assets when, based upon the available evidence including historical and projected taxable income, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company does not have any uncertain tax positions at December 31, 2017 or 2016 which require accrual or disclosure. The Company records interest and penalties as part of income tax expense. No interest or penalties were recorded for the years ended December 31, 2017 and 2016. The Company measures and recognizes compensation cost relating to share-based payment transactions based on the grant date fair value of the equity instruments issued. Share-based compensation is recognized over the period the employee is required to provide services for the award. Reductions in compensation expense associated with forfeited options are estimated at the date of grant, and this estimated forfeiture rate is adjusted annually based on actual forfeiture experience. The Company uses the Black-Scholes option-pricing model to determine the fair value of stock options granted. Compensation expense for the Employee Stock Ownership Plan (“ESOP”) is recorded at an amount equal to the shares allocated by the ESOP multiplied by the average fair market value of the shares during the period. The Company recognizes compensation expense ratably over the year based on the number of shares expected to be allocated by the ESOP. Unearned compensation applicable to the ESOP is reflected as a reduction of stockholders’ equity in the consolidated balance sheet. The difference between the average fair market value and the cost of the shares allocated by the ESOP is recorded as an adjustment to stockholders’ equity. Accounting principles generally require that recognized revenue, expenses, 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. December 31, 2017 2016 (In thousands) Net unrealized gains (losses) on securities available for sale $ 44 $ (374) Tax effect 2 145 Net-of- tax amount 46 (229) Stranded effect of tax rate change (Note 12) (7) — $ 39 $ (229) Basic earnings per share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. Under the Company’s 2012 and 2016 Equity Incentive Plans, stock awards contain non-forfeitable dividend rights. Accordingly, these shares are considered outstanding for computation of basic earnings per share. Potential common shares that may be issued by the Company relate to outstanding stock options are determined using the treasury stock method. Years Ended December 31, 2017 2016 (In thousands, except per share data) Net income applicable to common stock $ 3,185 $ 2,936 Average number of common shares issued 2,491 2,465 Less: Average unallocated ESOP shares (122) (135) Average number of common shares outstanding used to calculate basic earnings per common share 2,369 2,330 Effect of dilutive stock options 86 37 Average number of common shares outstanding used to calculate diluted earnings per common share 2,455 2,367 Earnings per common share: Basic $ 1.34 $ 1.26 Diluted $ 1.30 $ 1.24 There were no anti-dilutive options for the years ended December 31, 2017 and 2016. Anti-dilutive shares are common stock equivalents with exercise prices in excess of the average market value of the Company’s stock for the periods presented. Effective January 1, 2017, the Company adopted Compensation-Stock Compensation (Topic 718). Effective January 1, 2017 the Company adopted 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) Recognition and Measurement of Financial Assets and Financial Liabilities, In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842 In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718) Topic 718, Compensation-Stock Compensation

RESTRICTIONS ON CASH AND AMOUNT

RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS	12 Months Ended
	Dec. 31, 2017
Restricted Cash and Investments [Abstract]
Restricted Cash And Cash Equivalents [Text Block]	2. RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS The Bank is required to maintain average balances on hand or with the Federal Reserve Bank. The reserve balance amounted to $ 3.0 1.5

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS	12 Months Ended
	Dec. 31, 2017
Short-term Investments [Abstract]
Short Term Investments [Text Block]	SHORT-TERM INVESTMENTS December 31, 2017 2016 (In thousands) Federal Reserve Bank deposits $ 22,292 $ 23,664 Federal Home Loan Bank deposits 27 24 Money market accounts 1,539 1,130 $ 23,858 $ 24,818

CERTIFICATES OF DEPOSIT

CERTIFICATES OF DEPOSIT	12 Months Ended
	Dec. 31, 2017
Certificate Of Deposit [Abstract]
Other Assets Disclosure [Text Block]	CERTIFICATES OF DEPOSIT Certificates of deposit mature within one 1.48 0.73

SECURITIES AVAILABLE FOR SALE

SECURITIES AVAILABLE FOR SALE	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	SECURITIES AVAILABLE FOR SALE Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) December 31, 2017 Residential mortgage-backed securities: Government National Mortgage Association $ 3,358 $ 46 $ (53) $ 3,351 Government-sponsored enterprises 11,690 43 (84) 11,649 SBA and other asset-backed securities 11,961 89 (87) 11,963 State and municipal bonds 13,026 276 (15) 13,287 Government-sponsored enterprise obligations 8,000 — (166) 7,834 Corporate bonds 17,166 52 (57) 17,161 U.S. Treasury bonds 1,241 — — 1,241 $ 66,442 $ 506 $ (462) $ 66,486 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) December 31, 2016 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 For the year ended December 31, 2017 there were no sales of securities. For the year ended December 31, 2016, proceeds from sales of securities available for sale amounted to $ 1.1 16 Amortized Fair Cost Value (In thousands) Within 1 year $ 2,241 $ 2,240 After 1 year to 5 years 19,124 19,006 After 5 years to 10 years 9,541 9,580 After 10 years 8,527 8,697 39,433 39,523 Mortgage- and asset-backed securities 27,009 26,963 $ 66,442 $ 66,486 Less Than Twelve Months Over Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value (In thousands) December 31, 2017 Residential mortgage-backed securities: Government National Mortgage Association $ (3) $ 266 $ (50) $ 1,611 Government-sponsored enterprises (13) 3,578 (71) 3,110 SBA and other asset-backed securities (8) 2,267 (79) 2,434 State and municipal bonds (3) 571 (12) 871 Government-sponsored enterprise obligations (27) 1,973 (139) 5,860 Corporate bonds (21) 7,399 (36) 1,985 $ (75) $ 16,054 $ (387) $ 15,871 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 December 31, 2017, various debt securities have unrealized losses with aggregate depreciation of 1.4

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2017
Notes and Loans Payable, Current [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	LOANS AND ALLOWANCE FOR LOAN LOSSES December 31, 2017 2016 (In thousands) Real estate loans: Residential – fixed $ 31,433 $ 18,573 Residential – variable 297,593 249,486 Commercial 138,784 121,134 Construction 120,004 110,390 587,814 499,583 Commercial loans: Secured 62,333 49,126 Unsecured 5,638 221 67,971 49,347 Consumer loans: Home equity lines of credit 36,378 32,437 Other 214 216 36,592 32,653 Total loans 692,377 581,583 Less: Allowance for loan losses (6,153) (5,432) Net deferred origination costs (fees) 78 (20) Loans, net $ 686,302 $ 576,131 The Company has transferred a portion of its originated residential and commercial real estate loans to participating lenders. The amounts transferred have been accounted for as sales and are therefore not included in the Company’s accompanying consolidated balance sheets. The Company and participating lenders share ratably in any gains or losses that may result from the borrower’s lack of compliance with contractual terms of the loans. The Company continues to service the loans on behalf of the participating lenders and, as such, collects cash payments from the borrowers, remits payments (net of servicing fees) to participating lenders and disburses required escrow funds to relevant parties. At December 31, 2017 and 2016, the Company was servicing commercial real estate loans for participants aggregating $ 4.9 3.6 9.9 11.4 Whole mortgage loans sold and serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balance of mortgage loans serviced for others was $ 3.2 4.3 The Company has pledged certain residential and commercial real estate loans to secure FHLB advances and available lines of credit. (See Notes 9 and 10.) Residential Commercial Construction Commercial Home Other Unallocated Total (In thousands) Year Ended December 31, 2017 Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Provision (credit) for loan losses 300 375 (166) 214 37 2 (27) 735 Loans charged off — — — — (11) (3) — (14) Allowance at December 31, 2017 $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Year Ended December 31, 2016 Allowance at December 31, 2015 $ 1,490 $ 1,025 $ 1,684 $ 509 $ 238 $ 2 $ 164 $ 5,112 Provision (credit) for loan losses 38 120 143 194 (16) 1 (43) 437 Loans charged off (106) — — — (11) — — (117) Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Residential Commercial Construction Commercial Home Other Unallocated Total (In thousands) December 31, 2017 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 1,722 1,520 1,661 917 237 2 94 6,153 Total allowance $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Impaired loan balances $ 172 576 $ — $ — $ — $ — $ — $ 748 Non-impaired loan balances 328,854 138,208 120,004 67,971 36,378 214 — 691,629 Total loans $ 329,026 $ 138,784 $ 120,004 $ 67,971 $ 36,378 $ 214 $ — $ 692,377 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 The following is a summary of past due and non-accrual loans at December 31, 2017 and 2016: 30-59 60-89 Days Past Due 90 Total Past Due 90 Non- (In thousands) December 31, 2017 Residential real estate $ 598 $ 65 $ — $ 663 $ — $ — Commercial real estate — — 576 576 — 576 Total $ 598 $ 65 $ 576 $ 1,239 $ — $ 576 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 December 31, 2017 December 31, 2016 Recorded Unpaid Recorded Unpaid (In thousands) Impaired loans without a valuation allowance: Residential real estate $ 172 $ 189 $ 179 $ 196 Commercial real estate 576 710 591 646 Total impaired loans $ 748 $ 899 $ 770 $ 842 Year Ended December 31, 2017 Year Ended December 31, 2016 Average Interest Interest Average Interest Interest (In thousands) Residential real estate $ 175 $ 6 $ — $ 393 $ 14 $ 8 Commercial real estate 581 51 51 617 — — Commercial — — - 6 — - Home equity lines of credit — — — 19 1 1 Total $ 756 $ 57 $ 51 $ 1,035 $ 15 $ 9 No additional funds are committed to be advanced in connection with impaired loans. TDRs, which are included in impaired loans, totaled $ 748 179 576 Number of Pre- Post- (In thousands) Commercial real estate $ 1 $ 572 $ 582 During the year ended December 31, 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 year ended December 31, 2016. There were no TDRs that defaulted (90 days or more past due) during the years ended December 31, 2017 and 2016, and for which default was within one year of the restructure date. Credit Quality Information The Company utilizes an eleven-grade internal loan rating system for commercial real estate, construction and commercial loans. Loans rated 1-4: Loans in these categories are considered “pass” rated loans with low to average risk. Loans rated 5: Loans in this category are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management. Loans rated 6: Loans in this category are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected. Loans rated 7: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Loans rated 8: Loans in this category are considered uncollectible (“loss”) 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. December 31, 2017 December 31, 2016 Commercial Construction Commercial Total Commercial Construction Commercial Total (In thousands) Loans rated 1-4 $ 134,201 $ 120,004 $ 67,087 $ 321,292 $ 115,110 $ 110,390 $ 46,820 $ 272,320 Loans rated 5 1,476 — 301 1,777 5,433 — 1,569 7,002 Loans rated 6 2,531 — 583 3,114 — — 958 958 Loans rated 7 576 — — 576 591 — — 591 Total $ 138,784 $ 120,004 $ 67,971 $ 326,759 $ 121,134 $ 110,390 $ 49,347 $ 280,871

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	PREMISES AND EQUIPMENT December 31, Estimated 2017 2016 Years (In thousands) Premises: Land $ 50 $ 50 — Buildings 696 696 35-40 Leasehold improvements 3,420 3,374 5-15 Equipment 3,377 3,203 3-5 7,543 7,323 Less accumulated depreciation and amortization (4,073) (3,447) Premises and equipment, net $ 3,470 $ 3,876 Total depreciation and amortization expense for the years ended December 31, 2017 and 2016 amounted to $ 746 749 Year Ending Amount (In thousands) 2018 $ 1,130 2019 1,080 2020 1,086 2021 917 2022 466 Thereafter 647 $ 5,326 The leases contain options to extend for up to ten years. The cost of such options is not included above. Total rent expense amounted to $ 1.2

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2017
Deposits [Abstract]
Deposit Liabilities Disclosures [Text Block]	DEPOSITS Years Ended December 31, 2017 2016 (In thousands) Demand $ 104,346 $ 94,946 NOW 37,481 35,581 Money market 143,031 99,964 Regular and other savings 98,565 97,310 Total non-certificate accounts 383,423 327,801 Term certificates of $250 thousand and greater 84,299 103,717 Term certificates less than $250 thousand 149,020 91,292 Total term certificates 233,319 195,009 Total deposits $ 616,742 $ 522,810 Term certificates include brokered deposits amounting to $ 65.0 29.0 December 31, 2017 December 31, 2016 Weighted Weighted Amount Rate Amount Rate (Dollars in thousands) Within 1 year $ 175,204 1.27 % $ 123,009 1.03 % Over 1 year to 2 years 43,464 1.44 50,164 1.14 Over 2 years to 3 years 12,016 1.78 17,961 1.44 Over 3 years to 4 years 2,635 1.46 3,875 1.41 $ 233,319 1.33 % $ 195,009 1.11 %

SHORT-TERM BORROWINGS AND AVAIL

SHORT-TERM BORROWINGS AND AVAILABLE LINES OF CREDIT	12 Months Ended
	Dec. 31, 2017
Short-term Debt [Abstract]
Short-term Debt [Text Block]	SHORT-TERM BORROWINGS AND AVAILABLE LINES OF CREDIT At December 31, 2017 1.53 0.74 Borrowings available under an available FHLB variable-rate line of credit amounted to $ 1.3 At December 31, 2017 and 2016, the Company has pledged commercial real estate loans of $ 19.8 22.5 8.9 10.1 The Company has $ 5.0 5.0

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2017
Long-term Debt, Unclassified [Abstract]
Long-term Debt [Text Block]	LONG-TERM DEBT Amount Weighted Average Rates 2017 2016 2017 2016 (In thousands) 2017 $ — $ 44,500 — % 1.18 % 2018 43,500 25,500 1.32 1.31 2019 10,000 7,000 1.60 1.58 2020 12,000 4,000 1.83 1.86 2022* 11,674 2,020 0.55 1.84 $ 77,174 $ 83,020 1.32 % 1.30 % *At December 31, 2017 and 2016, includes an amortizing advance amounting $ 1.7 2.0 32 All borrowings from the FHLB are secured by a blanket lien on qualified collateral, defined principally as 75

SUBORDINATED DEBT

SUBORDINATED DEBT	12 Months Ended
	Dec. 31, 2017
Subordinated Borrowings [Abstract]
Subordinated Borrowings Disclosure [Text Block]	SUBORDINATED DEBT On December 17, 2015, the Company closed its private offering of $ 10.0 6.00 266 9.8 These Notes bear a fixed rate of interest of 6.00

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES Years Ended December 31, 2017 2016 (In thousands) Current tax provision: Federal $ 2,608 $ 1,459 State 716 409 3,324 1,868 Deferred tax provision (benefit): Federal (572) (25) State (167) (5) Effect of federal tax rate change 979 — 240 (30) Total tax provision $ 3,564 $ 1,838 Years Ended December 31, 2017 2016 Statutory tax rate 34.0 % 34.0 % Increase (decrease) resulting from: State taxes, net of federal tax benefit 5.4 5.6 Income on bank-owned life insurance (1.2) (1.6) Tax exempt bond income (1.5) (1.6) Share-based compensation 0.3 1.7 Effect of federal tax rate change 14.5 — Other, net 1.3 0.4 Effective tax rates 52.8 % 38.5 % On December 22, 2017, the President signed into law the Tax Cuts and Jobs Act (the “Act”). The Act includes a number of changes in existing tax law impacting businesses including, among other things, a reduction in the corporate income tax rate from 34 21 979 The $979 thousand in income tax provision includes a tax provision of $7 thousand relating to the impact of the rate change on deferred tax items originally recorded through other comprehensive income. This accounting treatment effectively stranded $ 7 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income 7 December 31, 2017 2016 (In thousands) Deferred tax assets: Allowance for loan losses $ 1,730 $ 2,169 Employee benefit plans 847 967 Partnerships and other investments 3 — Deferred loan fees — 5 Net unrealized gain/loss on securities available for sale 2 145 Other, net 15 — 2,597 3,286 Deferred tax liabilities: Depreciation and amortization (194) (463) Mortgage servicing rights (29) (49) Partnerships and other investments — (14) Deferred loan fees (22) — Other, net — (18) (245) (544) Net deferred tax asset $ 2,352 $ 2,742 The federal income tax reserve for loan losses at the Company’s base year amounted to $ 820 150 231 The Company’s income tax returns are subject to review and examination by federal and state taxing authorities. The Company is currently open to audit under the applicable statutes of limitations by the Internal Revenue Service for the years ended December 31, 2014 through 2017 2014

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	12 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	DERIVATIVE INSTRUMENTS Certain derivative instruments do not meet the requirements to be accounted for as hedging instruments. These undesignated derivative instruments are recognized on the consolidated balance sheet at fair value, with changes in the fair value recorded in miscellaneous income. Derivative Loan Commitments Mortgage loan commitments are referred to as derivative loan commitments if the loan that will result from exercise of the commitment will be held for sale upon funding. The Company enters into commitments to fund residential mortgage loans at specified rates and times in the future, with the intention that these loans will subsequently be sold in the secondary market. Outstanding derivative loan commitments expose the Company to the potential for changes in the fair value of the underlying loans as interest rates change, along with the value of the loan commitment. If interest rates increase, the value of these loan commitments will decrease. Conversely, if interest rates decrease, the value of these loan commitments will increase. There were no outstanding derivative loan commitments at December 31, 2017. The notional amount of undesignated derivative loan commitments was $ 700 17 Forward Loan Sale Commitments To protect against the price risk inherent in derivative loan commitments, the Company utilizes “best efforts” forward loan sale commitments to mitigate the risk of potential decreases in the values of loans that would result from the exercise of the derivative loan commitments. With a “best efforts” contract, the Company commits to deliver an individual mortgage loan of a specified principal amount and quality to an investor if the loan to the underlying borrower closes. Generally, the price the investor will pay the seller for an individual loan is specified prior to the loan being funded. The Company expects that these forward loan sale commitments will experience changes in fair value opposite to the change in fair value of derivative loan commitments. There were no undesignated forward loan sale commitments at December 31, 2017. The notional amount of undesignated forward loan sale commitments was $ 2.2 72

OTHER COMMITMENTS AND CONTINGEN

OTHER COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	OTHER COMMITMENTS AND CONTINGENCIES Credit-related financial instruments The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit which involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the accompanying consolidated balance sheets. December 31, 2017 2016 (In thousands) Commitments to grant loans $ 6,597 $ 11,416 Unadvanced funds on home equity lines of credit 35,759 27,611 Unadvanced funds on commercial lines of credit 30,368 29,358 Unadvanced funds on construction loans 51,409 38,522 Standby letters of credit 1,176 320 Overdraft lines of credit 503 483 Commitments to grant loans are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for home equity and commercial lines of credit may expire without being drawn upon, therefore, the total commitment amounts do not necessarily represent future cash requirements. Home equity and certain commercial lines of credit are generally collateralized by real estate or business assets. Commitments to grant loans and unadvanced funds on construction loans are also secured by real estate. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. All letters of credit have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company collateralizes those commitments for which collateral is deemed necessary. Employment agreements The Company has entered into employment agreements with certain executives for periods up to three years. The agreements generally provide for specified minimum levels of annual compensation and benefits. In addition, the agreements provide for specified lump sum payments and the continuation of benefits upon certain events of termination, as defined, including a change in control of the Company. Contingencies Various legal claims arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the consolidated financial position of the Company.

MINIMUM REGULATORY CAPITAL REQU

MINIMUM REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Regulatory Capital Requirements under Banking Regulations [Text Block]	MINIMUM REGULATORY CAPITAL REQUIREMENTS The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Federal banking regulations require a minimum ratio of common equity Tier 1 capital to risk-weighted assets of 4.5%, a minimum ratio of Tier 1 capital to risk-weighted assets of 6%, a minimum ratio of total capital to risk-weighted assets of 8% and a minimum leverage ratio of 4% for all banking organizations. Additionally, community banking institutions must maintain a capital conservation buffer of common equity Tier 1 capital in an amount greater than 2.5% of total risk-weighted assets to avoid being subject to limitations on capital distributions and discretionary bonuses. The capital conservation buffer and certain deductions from and adjustments to regulatory capital and risk-weighted assets are being phased in over several years. The required minimum conservation buffer was 1.25% as of December 31, 2017 and will increase to 1.875% on January 1, 2018 and 2.5% on January 1, 2019. An institution is subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the buffer amount. These limitations establish a maximum percentage of eligible retained income that could be utilized for such actions. Management believes that the Company’s capital levels will remain characterized as “well-capitalized” throughout the phase-in periods. As of December 31, 2017, the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, common equity Tier 1 risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since the recent notification that management believes have changed the Bank’s category. Minimum to be Well Capitalized Under Minimum Capital Prompt Corrective Actual Requirements Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2017 Total capital to risk-weighted assets $ 71,795 11.7 % $ 49,009 8.0 % $ 61,262 10.0 % Common equity Tier 1 capital to risk-weighted assets 65,642 10.7 27,568 4.5 39,820 6.5 Tier 1 capital to risk-weighted assets 65,642 10.7 36,757 6.0 49,009 8.0 Tier 1 capital to average assets 65,642 8.4 31,382 4.0 39,228 5.0 December 31, 2016 Total capital to risk-weighted assets $ 66,585 12.6 % $ 42,337 8.0 % $ 52,921 10.0 % Common equity Tier 1 capital to risk-weighted assets 61,152 11.6 23,815 4.5 34,399 6.5 Tier 1 capital to risk-weighted assets 61,152 11.6 31,753 6.0 42,337 8.0 Tier 1 capital to average assets 61,152 9.1 27,001 4.0 33,752 5.0

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Compensation and Employee Benefit Plans [Text Block]	EMPLOYEE BENEFIT PLANS 401(k) plan The Company has a 401(k) plan which provides for voluntary contributions by participating employees subject to IRS limitations. In 2017 the Company matched the employee’s voluntary contribution at a level of 100 7 150 7 353 506 Supplemental retirement agreement The Company has entered into a supplemental retirement agreement with a current officer, which provides for payments upon attaining the retirement age specified in the agreements. The present value of these future payments is accrued over the remaining service term and at December 31, 2017 and 2016, amounted to $ 1.3 1.1 224 240 Endorsement split-dollar life insurance arrangements The Company is the sole owner of life insurance policies pertaining to certain of the Company’s executives. The Company has entered into agreements with these executives whereby the Company has agreed to maintain a life insurance policy in effect during the executives’ retirement, which will pay to the executives’ estates or beneficiaries a portion of the death benefit that the Company will receive as beneficiary of such policies. Total split-dollar insurance expense totaled $ 9 Employee bonus program The Company has established an employee bonus program whereby approximately 10 20 1.2 861 Equity incentive plan Under the Company’s 2016 Equity Incentive Plan, the Company may grant restricted stock awards to its employees and directors for up to 75,000 . During 2017, the Board of Directors granted stock awards of 15,000 Under the Company’s 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 Shares Weighted Weighted Average Aggregate (In thousands) (In years) (In thousands) Outstanding at beginning of year 222 $ 16.02 Granted — — Exercised (10) 15.45 Outstanding at end of year 212 $ 16.05 5.18 $ 2,893 Exercisable at end of year 194 $ 15.30 5.05 $ 2,645 For the years ended December 31, 2017 and 2016, share-based compensation expense applicable to the stock options was $ 169 212 28 38 Unrecognized compensation expense for non-vested stock options totaled $ 69 1.91 Stock Awards For the years ended December 31, 2017 and 2016, respectively, 15,000 26,000 27.22 21.94 Number of Grant-date (In thousands) Non-vested stock awards at beginning of year 51 $ 19.38 Restricted shares granted 15 27.22 Shares vested (25) 17.39 Non-vested stock awards at end of year 41 $ 23.20 For the year ended December 31, 2017 and 2016, compensation expense applicable to the stock awards was $ 445 325 178 130 852 3.8 Employee stock ownership plan The Company maintains an Employee Stock Ownership Plan (“ESOP”) to provide eligible employees the opportunity to own Company stock. The ESOP 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 of shares of the Company’s common stock on the closing date of the Company’s mutual to stock conversion in 2012. As of December 31, 2017, the ESOP holds 180,794 7.2 15 3.25 Year Ending Amount (In thousands) 2018 $ 123 2019 127 2020 131 2021 135 2022 140 Thereafter 605 $ 1,261 December 31, 2017 2016 Allocated 65,250 57,955 Unallocated 115,543 128,382 180,793 186,337 The fair value of unallocated shares was $ 3.4 3.6 Total compensation expense recognized in connection with the ESOP for the years ended December 31, 2017 and 2016 was $ 348 270

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	RELATED PARTY TRANSACTIONS 60 Years Ended December 31, 2017 2016 (In thousands) Balance at beginning of year $ 3,356 $ 3,880 Principal additions 1,097 121 Principal payments (993) (645) Balance at end of year $ 3,460 $ 3,356 Such loans are made in the ordinary course of business at the Company’s normal credit terms, except for certain loans, which were granted with an interest rate discount of 0.50 Deposits from related parties held by the Bank at December 31, 2017 and 2016 amounted to $ 7.8 6.7

RESTRICTIONS ON DIVIDENDS, LOAN

RESTRICTIONS ON DIVIDENDS, LOANS AND ADVANCES	12 Months Ended
	Dec. 31, 2017
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract]
Restrictions on Dividends, Loans and Advances [Text Block]	18. RESTRICTIONS ON DIVIDENDS, LOANS AND ADVANCES Federal and state banking regulations place certain restrictions on dividends paid and loans or advances made by the Bank to the Company. The total amount of dividends which may be paid in any calendar year cannot exceed the Bank’s net income for the current year, plus the Bank’s net income retained for the previous two years, without regulatory approval. Loans or advances are limited to 10

FAIR VALUES OF ASSETS AND LIABI

FAIR VALUES OF ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2017
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Instruments Disclosure [Text Block]	FAIR VALUES OF ASSETS AND LIABILITIES 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 Securities available for sale Federal Home Loan Bank stock Loans held for sale Loans, net Deposits i.e. Short-term borrowings Long-term debt Subordinated debt Accrued interest Forward loan sale commitments and derivative loan commitments Off-balance sheet instruments Assets and liabilities measured at fair value on a recurring basis Level 1 Level 2 Level 3 Total (In thousands) December 31, 2017 Assets Securities available for sale $ — $ 66,486 $ — $ 66,486 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 and liabilities measured at fair value on a non-recurring basis The Company may also be required, from time to time, to measure certain other 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. Level 1 Level 2 Level 3 (In thousands) Loans held for sale $ — $ — $ 1,454 Total losses on loans held for sale held at December 31, 2016, for the year ended December 31, 2016, amounted to $ 51 Loans held for sale (LHFS) are evaluated for losses associated with the application of lower-of-cost-of-market accounting. At December 31, 2016, 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. There are no assets at December 31, 2017 or liabilities at December 31, 2017 or 2016 measured at fair value on a non-recurring basis. Summary of fair values of financial instruments Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In thousands) December 31, 2017 Financial assets: Cash and cash equivalents $ 28,462 $ 28,462 $ — $ — $ 28,462 Certificates of deposit 100 100 — — 100 Securities available for sale 66,486 — 66,486 — 66,486 FHLB stock 5,937 — — 5,937 5,937 Loans, net 686,302 — — 694,614 694,614 Accrued interest receivable 2,140 — — 2,140 2,140 Financial liabilities: Deposits $ 616,742 $ — $ — $ 615,653 $ 615,653 Short-term borrowings 38,000 — 38,000 — 38,000 Long-term debt 77,174 — 76,906 — 76,906 Subordinated debt 9,802 — — 9,598 9,598 Accrued interest payable 286 — — 286 286 December 31, 2016 Financial assets: Cash and cash equivalents $ 28,425 $ 28,425 $ — $ — $ 28,425 Certificates 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 — — 591,450 591,451 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

SUMMARY OF SIGNIFICANT ACCOUN27

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of presentation and consolidation The consolidated financial statements include the accounts of the 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, formed 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.
Segment Reporting, Policy [Policy Text Block]	Business and operating segments The Company provides a variety of financial services to individuals, non-profit organizations, small businesses and other entities within eastern Massachusetts. Its primary deposit products are checking, savings and term certificate accounts and its primary lending products are residential and commercial real estate loans, construction loans, commercial loans, and consumer loans. Management evaluates the Company’s performance and allocates resources based on a single segment concept.
Use of Estimates, Policy [Policy Text Block]	Use of estimates In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the realizability of deferred tax assets.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Significant Group Concentrations of Credit Risk Most of the Company’s lending activities are with customers located within the New England region of the country. The Company does not have any significant concentrations to any one industry or customer.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash equivalents Cash equivalents include amounts due from banks and short-term investments with original maturities of three months or less, primarily balances held at the Federal Reserve Bank of Boston. The Company maintains cash balances in excess of federally insured limits.
Certificates Of Deposit Policy [Policy Text Block]	Certificates of deposit Certificates of deposit are carried at cost, which approximates fair value.
Fair Value Measurement, Policy [Policy Text Block]	Fair value hierarchy The Company groups its assets and liabilities 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 or 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 and liabilities include those 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.
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block]	Securities available for sale Securities classified as available for sale are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are amortized to earnings by methods which do not differ materially from the interest method. Discounts and, prior to January 1, 2017, premiums, are amortized over contractual lives of the securities. Effective January 1, 2017, premiums are amortized over the earlier of the estimated lives or the earliest call date of the securities. See “Recent Accounting Pronouncements”. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Each reporting period, the Company evaluates all securities with a fair value below amortized cost to determine whether other-than-temporary impairment (“OTTI”) exists. OTTI is required to be recognized if (1) the Company intends to sell the security; (2) it is “more likely than not” that the Company will be required to sell the security before recovery of its amortized cost basis; or (3) for debt securities, the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. For all impaired debt securities that the Company intends to sell, or more likely than not will be required to sell, the full amount of the depreciation is recognized as OTTI through earnings. Credit-related OTTI for all other impaired debt securities is recognized through earnings. Non-credit related OTTI for such debt securities is recognized in other comprehensive income, net of applicable taxes.
Equity and Cost Method Investments, Policy [Policy Text Block]	Federal Home Loan Bank stock The Bank, as a member of the Federal Home Loan Bank (“FHLB”) of Boston, is required to maintain an investment in capital stock of the FHLB. Based on redemption provisions of the FHLB, the stock has no quoted market value and is carried at cost. At its discretion, the FHLB may declare dividends on the stock. The Bank reviews for impairment based on the ultimate recoverability of the cost basis in the FHLB stock. As of December 31, 2017 and 2016, no impairment has been recognized.
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block]	Loans held for sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income.
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block]	Loans The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in its 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 economic 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.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	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 occur. Loan losses are charged against the allowance when management believes the uncollectibility of the loan balance is confirmed. Subsequent recoveries 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 3 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 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, may have an adverse 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, may have an effect on the credit quality of 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 uncertainties that could affect management’s estimate 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.
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and equipment Land is carried at cost. Buildings, leasehold improvements and equipment are stated at cost, less accumulated depreciation and amortization computed on the straight-line method over the estimated useful lives of the assets or the expected terms of the leases, if shorter. Expected terms include lease option periods to the extent that the exercise of such options is reasonably assured.
Bank Owned Life Insurance [Policy Text Block]	Bank-owned life insurance Bank-owned life insurance policies are reflected on the consolidated balance sheets at cash surrender value. Changes in cash surrender value are reflected in noninterest income, and are not subject to income taxes.
Transfers and Servicing of Financial Assets, Policy [Policy Text Block]	Transfers of financial assets Transfers of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company; (2) the transferee obtains the right to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets. During the normal course of business, the Company may transfer a portion of a financial asset, for example, a participation loan. In order to be eligible for sales treatment, the transfer of the portion of the loan must meet the criteria of a participating interest. If it does not meet criteria of a participating interest, the transfer must be accounted for as a secured borrowing. In order to meet criteria for a participating interest, all cash flows from the loan must be divided proportionately, the rights of each loan holder must have the same priority, the loan holders must have no recourse to the transferor other than standard representations and warranties and no loan holder has the right to pledge or exchange the entire loan.
Derivatives, Policy [Policy Text Block]	Derivative financial instruments Derivative financial instruments are recognized as assets and liabilities on the consolidated balance sheets and measured at fair value. Derivative Loan Commitments Mortgage loan commitments are referred to as derivative loan commitments if the loan that will result from exercise of the commitment will be held for sale upon funding. Loan commitments that are derivatives are recognized at fair value, including servicing values, on the consolidated balance sheet in other assets and other liabilities with changes in their fair values recorded in miscellaneous income. Fair values of the loan commitments are recognized based on changes in the fair value of the underlying mortgage due to interest rate changes, changes in the probability the derivative loan commitment will be exercised, and the passage of time. In estimating fair value, the Company assigns a probability to a loan commitment based on the expectation that it will be exercised and the loan will be funded. Forward Loan Sale Commitments To protect against the price risk inherent in derivative loan commitments, the Company utilizes “best efforts” forward loan sale commitments to mitigate the risk of potential decreases in the values of loans that would result from the exercise of the derivative loan commitments. Forward loan sale commitments are recognized at fair value on the consolidated balance sheet in other assets and other liabilities with changes in their fair values recorded in miscellaneous income. Fair values for forward loan sale commitments are based on changes in the fair values of the underlying loans.
Advertising Cost, Policy, Expensed Advertising Cost [Policy Text Block]	Advertising costs Advertising costs are expensed as incurred.
Income Tax, Policy [Policy Text Block]	Income taxes Deferred tax assets and liabilities relate to temporary differences between the book and tax bases of certain assets and liabilities, and are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, as recently occurred with the Tax Cuts and Jobs Act (see Note 12), deferred tax assets and liabilities are adjusted through the provision for income taxes. A valuation allowance is established against deferred tax assets when, based upon the available evidence including historical and projected taxable income, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company does not have any uncertain tax positions at December 31, 2017 or 2016 which require accrual or disclosure. The Company records interest and penalties as part of income tax expense. No interest or penalties were recorded for the years ended December 31, 2017 and 2016.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share-based compensation plans The Company measures and recognizes compensation cost relating to share-based payment transactions based on the grant date fair value of the equity instruments issued. Share-based compensation is recognized over the period the employee is required to provide services for the award. Reductions in compensation expense associated with forfeited options are estimated at the date of grant, and this estimated forfeiture rate is adjusted annually based on actual forfeiture experience. The Company uses the Black-Scholes option-pricing model to determine the fair value of stock options granted.
Employee Stock Ownership Plan (ESOP), Policy [Policy Text Block]	Employee stock ownership plan Compensation expense for the Employee Stock Ownership Plan (“ESOP”) is recorded at an amount equal to the shares allocated by the ESOP multiplied by the average fair market value of the shares during the period. The Company recognizes compensation expense ratably over the year based on the number of shares expected to be allocated by the ESOP. Unearned compensation applicable to the ESOP is reflected as a reduction of stockholders’ equity in the consolidated balance sheet. The difference between the average fair market value and the cost of the shares allocated by the ESOP is recorded as an adjustment to stockholders’ equity.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive income Accounting principles generally require that recognized revenue, expenses, 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. December 31, 2017 2016 (In thousands) Net unrealized gains (losses) on securities available for sale $ 44 $ (374) Tax effect 2 145 Net-of- tax amount 46 (229) Stranded effect of tax rate change (Note 12) (7) — $ 39 $ (229)
Earnings Per Share, Policy [Policy Text Block]	Earnings per share Basic earnings per share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. Under the Company’s 2012 and 2016 Equity Incentive Plans, stock awards contain non-forfeitable dividend rights. Accordingly, these shares are considered outstanding for computation of basic earnings per share. Potential common shares that may be issued by the Company relate to outstanding stock options are determined using the treasury stock method. Years Ended December 31, 2017 2016 (In thousands, except per share data) Net income applicable to common stock $ 3,185 $ 2,936 Average number of common shares issued 2,491 2,465 Less: Average unallocated ESOP shares (122) (135) Average number of common shares outstanding used to calculate basic earnings per common share 2,369 2,330 Effect of dilutive stock options 86 37 Average number of common shares outstanding used to calculate diluted earnings per common share 2,455 2,367 Earnings per common share: Basic $ 1.34 $ 1.26 Diluted $ 1.30 $ 1.24 There were no anti-dilutive options for the years ended December 31, 2017 and 2016. Anti-dilutive shares are common stock equivalents with exercise prices in excess of the average market value of the Company’s stock for the periods presented.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent accounting pronouncements Effective January 1, 2017, the Company adopted Compensation-Stock Compensation (Topic 718). Effective January 1, 2017 the Company adopted 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) Recognition and Measurement of Financial Assets and Financial Liabilities, In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842 In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718) Topic 718, Compensation-Stock Compensation

SUMMARY OF SIGNIFICANT ACCOUN28

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [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: December 31, 2017 2016 (In thousands) Net unrealized gains (losses) on securities available for sale $ 44 $ (374) Tax effect 2 145 Net-of- tax amount 46 (229) Stranded effect of tax rate change (Note 12) (7) — $ 39 $ (229)
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Earnings per common share have been computed based on the following: Years Ended December 31, 2017 2016 (In thousands, except per share data) Net income applicable to common stock $ 3,185 $ 2,936 Average number of common shares issued 2,491 2,465 Less: Average unallocated ESOP shares (122) (135) Average number of common shares outstanding used to calculate basic earnings per common share 2,369 2,330 Effect of dilutive stock options 86 37 Average number of common shares outstanding used to calculate diluted earnings per common share 2,455 2,367 Earnings per common share: Basic $ 1.34 $ 1.26 Diluted $ 1.30 $ 1.24

SHORT-TERM INVESTMENTS (Tables)

SHORT-TERM INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Short-term Investments [Abstract]
Cash, Cash Equivalents and Investments [Table Text Block]	Short-term investments are comprised of the following: December 31, 2017 2016 (In thousands) Federal Reserve Bank deposits $ 22,292 $ 23,664 Federal Home Loan Bank deposits 27 24 Money market accounts 1,539 1,130 $ 23,858 $ 24,818

SECURITIES AVAILABLE FOR SALE (

SECURITIES AVAILABLE FOR SALE (Tables)	12 Months Ended
	Dec. 31, 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: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) December 31, 2017 Residential mortgage-backed securities: Government National Mortgage Association $ 3,358 $ 46 $ (53) $ 3,351 Government-sponsored enterprises 11,690 43 (84) 11,649 SBA and other asset-backed securities 11,961 89 (87) 11,963 State and municipal bonds 13,026 276 (15) 13,287 Government-sponsored enterprise obligations 8,000 — (166) 7,834 Corporate bonds 17,166 52 (57) 17,161 U.S. Treasury bonds 1,241 — — 1,241 $ 66,442 $ 506 $ (462) $ 66,486 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) December 31, 2016 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 December 31, 2017 are as follows below. Expected maturities may differ from contractual maturities because the issuers, in certain instances, have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Cost Value (In thousands) Within 1 year $ 2,241 $ 2,240 After 1 year to 5 years 19,124 19,006 After 5 years to 10 years 9,541 9,580 After 10 years 8,527 8,697 39,433 39,523 Mortgage- and asset-backed securities 27,009 26,963 $ 66,442 $ 66,486
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) December 31, 2017 Residential mortgage-backed securities: Government National Mortgage Association $ (3) $ 266 $ (50) $ 1,611 Government-sponsored enterprises (13) 3,578 (71) 3,110 SBA and other asset-backed securities (8) 2,267 (79) 2,434 State and municipal bonds (3) 571 (12) 871 Government-sponsored enterprise obligations (27) 1,973 (139) 5,860 Corporate bonds (21) 7,399 (36) 1,985 $ (75) $ 16,054 $ (387) $ 15,871 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 31

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2017
Notes and Loans Payable, Current [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	A summary of the balances of loans is as follows: December 31, 2017 2016 (In thousands) Real estate loans: Residential – fixed $ 31,433 $ 18,573 Residential – variable 297,593 249,486 Commercial 138,784 121,134 Construction 120,004 110,390 587,814 499,583 Commercial loans: Secured 62,333 49,126 Unsecured 5,638 221 67,971 49,347 Consumer loans: Home equity lines of credit 36,378 32,437 Other 214 216 36,592 32,653 Total loans 692,377 581,583 Less: Allowance for loan losses (6,153) (5,432) Net deferred origination costs (fees) 78 (20) Loans, net $ 686,302 $ 576,131
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]	The following table summarizes the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2017 and 2016: Residential Commercial Construction Commercial Home Other Unallocated Total (In thousands) Year Ended December 31, 2017 Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Provision (credit) for loan losses 300 375 (166) 214 37 2 (27) 735 Loans charged off — — — — (11) (3) — (14) Allowance at December 31, 2017 $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Year Ended December 31, 2016 Allowance at December 31, 2015 $ 1,490 $ 1,025 $ 1,684 $ 509 $ 238 $ 2 $ 164 $ 5,112 Provision (credit) for loan losses 38 120 143 194 (16) 1 (43) 437 Loans charged off (106) — — — (11) — — (117) Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Further information pertaining to the allowance for loan losses at December 31, 2017 and 2016 is as follows: Residential Commercial Construction Commercial Home Other Unallocated Total (In thousands) December 31, 2017 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 1,722 1,520 1,661 917 237 2 94 6,153 Total allowance $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Impaired loan balances $ 172 576 $ — $ — $ — $ — $ — $ 748 Non-impaired loan balances 328,854 138,208 120,004 67,971 36,378 214 — 691,629 Total loans $ 329,026 $ 138,784 $ 120,004 $ 67,971 $ 36,378 $ 214 $ — $ 692,377 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]	30-59 60-89 Days Past Due 90 Total Past Due 90 Non- (In thousands) December 31, 2017 Residential real estate $ 598 $ 65 $ — $ 663 $ — $ — Commercial real estate — — 576 576 — 576 Total $ 598 $ 65 $ 576 $ 1,239 $ — $ 576 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 at December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Recorded Unpaid Recorded Unpaid (In thousands) Impaired loans without a valuation allowance: Residential real estate $ 172 $ 189 $ 179 $ 196 Commercial real estate 576 710 591 646 Total impaired loans $ 748 $ 899 $ 770 $ 842
Impaired Financing Receivables By Class Of Loans [Table Text Block]	Further information pertaining to impaired loans follows: Year Ended December 31, 2017 Year Ended December 31, 2016 Average Interest Interest Average Interest Interest (In thousands) Residential real estate $ 175 $ 6 $ — $ 393 $ 14 $ 8 Commercial real estate 581 51 51 617 — — Commercial — — - 6 — - Home equity lines of credit — — — 19 1 1 Total $ 756 $ 57 $ 51 $ 1,035 $ 15 $ 9
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	The following is a summary of troubled debt restructurings recorded for the year ended December 31, 2017. Number of Pre- Post- (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: December 31, 2017 December 31, 2016 Commercial Construction Commercial Total Commercial Construction Commercial Total (In thousands) Loans rated 1-4 $ 134,201 $ 120,004 $ 67,087 $ 321,292 $ 115,110 $ 110,390 $ 46,820 $ 272,320 Loans rated 5 1,476 — 301 1,777 5,433 — 1,569 7,002 Loans rated 6 2,531 — 583 3,114 — — 958 958 Loans rated 7 576 — — 576 591 — — 591 Total $ 138,784 $ 120,004 $ 67,971 $ 326,759 $ 121,134 $ 110,390 $ 49,347 $ 280,871

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	December 31, Estimated 2017 2016 Years (In thousands) Premises: Land $ 50 $ 50 — Buildings 696 696 35-40 Leasehold improvements 3,420 3,374 5-15 Equipment 3,377 3,203 3-5 7,543 7,323 Less accumulated depreciation and amortization (4,073) (3,447) Premises and equipment, net $ 3,470 $ 3,876
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Pursuant to terms of non-cancelable lease agreements in effect at December 31, 2017, future minimum rent commitments are as follows: Year Ending Amount (In thousands) 2018 $ 1,130 2019 1,080 2020 1,086 2021 917 2022 466 Thereafter 647 $ 5,326

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2017
Deposits [Abstract]
Schedule Of Deposits By Type [Table Text Block]	A summary of deposit balances, by type, is as follows: Years Ended December 31, 2017 2016 (In thousands) Demand $ 104,346 $ 94,946 NOW 37,481 35,581 Money market 143,031 99,964 Regular and other savings 98,565 97,310 Total non-certificate accounts 383,423 327,801 Term certificates of $250 thousand and greater 84,299 103,717 Term certificates less than $250 thousand 149,020 91,292 Total term certificates 233,319 195,009 Total deposits $ 616,742 $ 522,810
Schedule Of Time Deposit Contractual Maturities [Table Text Block]	A summary of term certificates by maturity is as follows: December 31, 2017 December 31, 2016 Weighted Weighted Amount Rate Amount Rate (Dollars in thousands) Within 1 year $ 175,204 1.27 % $ 123,009 1.03 % Over 1 year to 2 years 43,464 1.44 50,164 1.14 Over 2 years to 3 years 12,016 1.78 17,961 1.44 Over 3 years to 4 years 2,635 1.46 3,875 1.41 $ 233,319 1.33 % $ 195,009 1.11 %

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2017
Long-term Debt, Unclassified [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt, and related maturities, at December 31, 2017 and 2016 consists of fixed-rate FHLB advances, as follows: Amount Weighted Average Rates 2017 2016 2017 2016 (In thousands) 2017 $ — $ 44,500 — % 1.18 % 2018 43,500 25,500 1.32 1.31 2019 10,000 7,000 1.60 1.58 2020 12,000 4,000 1.83 1.86 2022* 11,674 2,020 0.55 1.84 $ 77,174 $ 83,020 1.32 % 1.30 % *At December 31, 2017 and 2016, includes an amortizing advance amounting $ 1.7 2.0 32

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Allocation of federal and state income taxes between current and deferred portions is as follows: Years Ended December 31, 2017 2016 (In thousands) Current tax provision: Federal $ 2,608 $ 1,459 State 716 409 3,324 1,868 Deferred tax provision (benefit): Federal (572) (25) State (167) (5) Effect of federal tax rate change 979 — 240 (30) Total tax provision $ 3,564 $ 1,838
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The reasons for the differences between the statutory federal income tax rate and the effective tax rates are summarized as follows: Years Ended December 31, 2017 2016 Statutory tax rate 34.0 % 34.0 % Increase (decrease) resulting from: State taxes, net of federal tax benefit 5.4 5.6 Income on bank-owned life insurance (1.2) (1.6) Tax exempt bond income (1.5) (1.6) Share-based compensation 0.3 1.7 Effect of federal tax rate change 14.5 — Other, net 1.3 0.4 Effective tax rates 52.8 % 38.5 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The tax effects of each item that gives rise to deferred tax assets (liabilities) are as follows: December 31, 2017 2016 (In thousands) Deferred tax assets: Allowance for loan losses $ 1,730 $ 2,169 Employee benefit plans 847 967 Partnerships and other investments 3 — Deferred loan fees — 5 Net unrealized gain/loss on securities available for sale 2 145 Other, net 15 — 2,597 3,286 Deferred tax liabilities: Depreciation and amortization (194) (463) Mortgage servicing rights (29) (49) Partnerships and other investments — (14) Deferred loan fees (22) — Other, net — (18) (245) (544) Net deferred tax asset $ 2,352 $ 2,742

OTHER COMMITMENTS AND CONTING36

OTHER COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	At December 31, 2017 and 2016, the following financial instruments were outstanding whose contract amounts represent credit risk. December 31, 2017 2016 (In thousands) Commitments to grant loans $ 6,597 $ 11,416 Unadvanced funds on home equity lines of credit 35,759 27,611 Unadvanced funds on commercial lines of credit 30,368 29,358 Unadvanced funds on construction loans 51,409 38,522 Standby letters of credit 1,176 320 Overdraft lines of credit 503 483

MINIMUM REGULATORY CAPITAL RE37

MINIMUM REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	The Bank’s capital amounts and ratios as of December 31, 2017 and 2016 are presented in the following tables. Minimum to be Well Capitalized Under Minimum Capital Prompt Corrective Actual Requirements Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2017 Total capital to risk-weighted assets $ 71,795 11.7 % $ 49,009 8.0 % $ 61,262 10.0 % Common equity Tier 1 capital to risk-weighted assets 65,642 10.7 27,568 4.5 39,820 6.5 Tier 1 capital to risk-weighted assets 65,642 10.7 36,757 6.0 49,009 8.0 Tier 1 capital to average assets 65,642 8.4 31,382 4.0 39,228 5.0 December 31, 2016 Total capital to risk-weighted assets $ 66,585 12.6 % $ 42,337 8.0 % $ 52,921 10.0 % Common equity Tier 1 capital to risk-weighted assets 61,152 11.6 23,815 4.5 34,399 6.5 Tier 1 capital to risk-weighted assets 61,152 11.6 31,753 6.0 42,337 8.0 Tier 1 capital to average assets 61,152 9.1 27,001 4.0 33,752 5.0

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2017
Compensation and Retirement Disclosure [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 year ended December 31, 2017 is presented below: Shares Weighted Weighted Average Aggregate (In thousands) (In years) (In thousands) Outstanding at beginning of year 222 $ 16.02 Granted — — Exercised (10) 15.45 Outstanding at end of year 212 $ 16.05 5.18 $ 2,893 Exercisable at end of year 194 $ 15.30 5.05 $ 2,645
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 year ended December 31, 2017: Number of Grant-date (In thousands) Non-vested stock awards at beginning of year 51 $ 19.38 Restricted shares granted 15 27.22 Shares vested (25) 17.39 Non-vested stock awards at end of year 41 $ 23.20
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	At December 31, 2017, the remaining principal balance on the ESOP debt is payable as follows: Year Ending Amount (In thousands) 2018 $ 123 2019 127 2020 131 2021 135 2022 140 Thereafter 605 $ 1,261
Employee Stock Ownership Plan ESOP Status Of Entity Shares Held [Table Text Block]	Shares held by the ESOP include the following: December 31, 2017 2016 Allocated 65,250 57,955 Unallocated 115,543 128,382 180,793 186,337

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	Information pertaining to loans to directors, executive officers and their affiliates (exclusive of loans to any such persons which in the aggregate do not exceed $ 60 Years Ended December 31, 2017 2016 (In thousands) Balance at beginning of year $ 3,356 $ 3,880 Principal additions 1,097 121 Principal payments (993) (645) Balance at end of year $ 3,460 $ 3,356

FAIR VALUES OF ASSETS AND LIA40

FAIR VALUES OF ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2017 and 2016 are summarized below. Level 1 Level 2 Level 3 Total (In thousands) December 31, 2017 Assets Securities available for sale $ — $ 66,486 $ — $ 66,486 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 summarized the fair value hierarchy used to determine each adjustment and the carrying value of the related individual assets at December 31, 2016. Level 1 Level 2 Level 3 (In thousands) Loans held for sale $ — $ — $ 1,454
Fair Value, by Balance Sheet Grouping [Table Text Block]	The estimated fair values, and related carrying amounts of the Company’s financial instruments are outlined in the tables below. Certain financial instruments and all nonfinancial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein do not represent the underlying fair value of the Company. Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In thousands) December 31, 2017 Financial assets: Cash and cash equivalents $ 28,462 $ 28,462 $ — $ — $ 28,462 Certificates of deposit 100 100 — — 100 Securities available for sale 66,486 — 66,486 — 66,486 FHLB stock 5,937 — — 5,937 5,937 Loans, net 686,302 — — 694,614 694,614 Accrued interest receivable 2,140 — — 2,140 2,140 Financial liabilities: Deposits $ 616,742 $ — $ — $ 615,653 $ 615,653 Short-term borrowings 38,000 — 38,000 — 38,000 Long-term debt 77,174 — 76,906 — 76,906 Subordinated debt 9,802 — — 9,598 9,598 Accrued interest payable 286 — — 286 286 December 31, 2016 Financial assets: Cash and cash equivalents $ 28,425 $ 28,425 $ — $ — $ 28,425 Certificates 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 — — 591,450 591,451 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

SUMMARY OF SIGNIFICANT ACCOUN41

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrealized gains (losses) on securities available for sale	$ 44	$ (374)
Tax effect	2	145
Net-of- tax amount	46	(229)
Stranded effect of tax rate change (Note 12)	(7)	0
After net of standard tax amount	$ 39	$ (229)

SUMMARY OF SIGNIFICANT ACCOUN42

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income applicable to common stock	$ 3,185	$ 2,936
Average number of common shares issued	2,491,000	2,465,000
Less: Average unallocated ESOP shares	(122,000)	(135,000)
Average number of common shares outstanding used to calculate basic earnings per common share	2,369,466	2,329,645
Effect of dilutive stock options	86,000	37,000
Average number of common shares outstanding used to calculate diluted earnings per common share	2,454,580	2,367,038
Earnings per common share:
Basic	$ 1.34	$ 1.26
Diluted	$ 1.3	$ 1.24

SUMMARY OF SIGNIFICANT ACCOUN43

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	12 Months Ended
	Dec. 31, 2017
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

RESTRICTIONS ON CASH AND AMOU44

RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS (Details Textual) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and Securities Segregated under Federal and Other Regulations, Total	$ 3	$ 1.5

SHORT-TERM INVESTMENTS (Details

SHORT-TERM INVESTMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Schedule of Investments [Line Items]
Interest-bearing Deposits in Banks and Other Financial Institutions	$ 23,858	$ 24,818
Federal Reserve Bank deposits [Member]
Schedule of Investments [Line Items]
Interest-bearing Deposits in Banks and Other Financial Institutions	22,292	23,664
Federal Home Loan Bank deposits [Member]
Schedule of Investments [Line Items]
Interest-bearing Deposits in Banks and Other Financial Institutions	27	24
Money market accounts [Member]
Schedule of Investments [Line Items]
Interest-bearing Deposits in Banks and Other Financial Institutions	$ 1,539	$ 1,130

CERTIFICATES OF DEPOSIT (Detail

CERTIFICATES OF DEPOSIT (Details Textual)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of Investments [Line Items]
Certificates Of Deposit Maturity Period	1 year	1 year
Percentage Of Return On Investment	1.48%	0.73%

SECURITIES AVAILABLE FOR SALE47

SECURITIES AVAILABLE FOR SALE (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 66,442	$ 65,022
Gross Unrealized Gains	506	346
Gross Unrealized Losses	(462)	(720)
Fair Value	66,486	64,648
SBA and other asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,961	12,571
Gross Unrealized Gains	89	70
Gross Unrealized Losses	(87)	(140)
Fair Value	11,963	12,501
State and municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,026	9,533
Gross Unrealized Gains	276	93
Gross Unrealized Losses	(15)	(156)
Fair Value	13,287	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	(166)	(197)
Fair Value	7,834	7,803
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	17,166	17,908
Gross Unrealized Gains	52	55
Gross Unrealized Losses	(57)	(97)
Fair Value	17,161	17,866
US Treasury Bond Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,241
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Fair Value	1,241
Residential mortgage-backed securities [Member] | Government National Mortgage Association [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,358	3,876
Gross Unrealized Gains	46	55
Gross Unrealized Losses	(53)	(33)
Fair Value	3,351	3,898
Residential mortgage-backed securities [Member] | Government-sponsored enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,690	13,134
Gross Unrealized Gains	43	73
Gross Unrealized Losses	(84)	(97)
Fair Value	$ 11,649	$ 13,110

SECURITIES AVAILABLE FOR SALE48

SECURITIES AVAILABLE FOR SALE (Details 1) $ in Thousands	Dec. 31, 2017USD ($)
Available-for-sale Securities, Debt Maturities, Amortized Cost
Within 1 year	$ 2,241
After 1 year to 5 years	19,124
After 5 years to 10 years	9,541
After 10 years	8,527
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	39,433
Mortgage- and asset-backed securities	27,009
Available-for-sale Debt Securities, Amortized Cost Basis, Total	66,442
Available-for-sale Securities, Debt Maturities, Fair Value
Within 1 year	2,240
After 1 year to 5 years	19,006
After 5 years to 10 years	9,580
After 10 years	8,697
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Fair Value Total	39,523
Mortgage- and asset-backed securities	26,963
Available-for-sale Securities, Debt Securities, Fair Value Total	$ 66,486

SECURITIES AVAILABLE FOR SALE49

SECURITIES AVAILABLE FOR SALE (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	$ (75)	$ (655)
Less Than Twelve Months Fair Value	16,054	34,514
Over Twelve Months Gross Unrealized Losses	(387)	(65)
Over Twelve Months Fair Value	15,871	4,385
SBA and other asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(8)	(115)
Less Than Twelve Months Fair Value	2,267	6,109
Over Twelve Months Gross Unrealized Losses	(79)	(25)
Over Twelve Months Fair Value	2,434	1,608
State and municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(3)	(154)
Less Than Twelve Months Fair Value	571	5,257
Over Twelve Months Gross Unrealized Losses	(12)	(2)
Over Twelve Months Fair Value	871	396
Government-sponsored enterprise obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(27)	(197)
Less Than Twelve Months Fair Value	1,973	7,803
Over Twelve Months Gross Unrealized Losses	(139)	0
Over Twelve Months Fair Value	5,860	0
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(21)	(93)
Less Than Twelve Months Fair Value	7,399	7,360
Over Twelve Months Gross Unrealized Losses	(36)	(4)
Over Twelve Months Fair Value	1,985	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	(3)	(11)
Less Than Twelve Months Fair Value	266	1,214
Over Twelve Months Gross Unrealized Losses	(50)	(22)
Over Twelve Months Fair Value	1,611	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	(13)	(85)
Less Than Twelve Months Fair Value	3,578	6,771
Over Twelve Months Gross Unrealized Losses	(71)	(12)
Over Twelve Months Fair Value	$ 3,110	$ 540

SECURITIES AVAILABLE FOR SALE50

SECURITIES AVAILABLE FOR SALE (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Unrealized Losses Debt Securities Aggregate Depreciation Percentage	1.40%
Proceeds from Sale of Available-for-sale Securities	$ 0	$ 1,088
Available-for-sale Securities, Gross Realized Gains		$ 16

LOANS AND ALLOWANCE FOR LOAN 51

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Total loans	$ 692,377	$ 581,583
Less: Allowance for loan losses	(6,153)	(5,432)
Net deferred origination costs (fees)	78	(20)
Loans, net	686,302	576,131
Commercial loan [Member]
Total loans	67,971	49,347
Consumer loan [Member]
Total loans	36,592	32,653
Residential - fixed [Member]
Total loans	31,433	18,573
Residential - variable [Member]
Total loans	297,593	249,486
Commercial Real Estate [Member]
Total loans	138,784	121,134
Construction [Member]
Total loans	120,004	110,390
Secured [Member]
Total loans	62,333	49,126
Unsecured [Member]
Total loans	5,638	221
Home equity lines of credit [Member]
Total loans	36,378	32,437
Other Consumer [Member]
Total loans	214	216
Real estate loans [Member]
Total loans	$ 587,814	$ 499,583

LOANS AND ALLOWANCE FOR LOAN 52

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Allowance Beginning Balance	$ 5,432	$ 5,112
Provision (credit) for loan losses	735	437
Loans charged off	(14)	(117)
Allowance Ending Balance	6,153	5,432
Commercial [Member]
Allowance Beginning Balance	703	509
Provision (credit) for loan losses	214	194
Loans charged off	0	0
Allowance Ending Balance	917	703
Residential Real Estate [Member]
Allowance Beginning Balance	1,422	1,490
Provision (credit) for loan losses	300	38
Loans charged off	0	(106)
Allowance Ending Balance	1,722	1,422
Commercial Real Estate [Member]
Allowance Beginning Balance	1,145	1,025
Provision (credit) for loan losses	375	120
Loans charged off	0	0
Allowance Ending Balance	1,520	1,145
Construction [Member]
Allowance Beginning Balance	1,827	1,684
Provision (credit) for loan losses	(166)	143
Loans charged off	0	0
Allowance Ending Balance	1,661	1,827
Home equity lines of credit [Member]
Allowance Beginning Balance	211	238
Provision (credit) for loan losses	37	(16)
Loans charged off	(11)	(11)
Allowance Ending Balance	237	211
Other Consumer [Member]
Allowance Beginning Balance	3	2
Provision (credit) for loan losses	2	1
Loans charged off	(3)	0
Allowance Ending Balance	2	3
Unallocated [Member]
Allowance Beginning Balance	121	164
Provision (credit) for loan losses	(27)	(43)
Loans charged off	0	0
Allowance Ending Balance	$ 94	$ 121

LOANS AND ALLOWANCE FOR LOAN 53

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Allowance related to impaired loans	$ 0	$ 0
Allowance related to non-impaired loans	6,153	5,432
Total allowance	6,153	5,432	$ 5,112
Impaired loan balances	748	770
Non-impaired loan balances	691,629	580,813
Total loans	692,377	581,583
Commercial [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	917	703
Total allowance	917	703	509
Impaired loan balances	0	0
Non-impaired loan balances	67,971	49,347
Total loans	67,971	49,347
Residential Real Estate [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	1,722	1,422
Total allowance	1,722	1,422	1,490
Impaired loan balances	172	179
Non-impaired loan balances	328,854	267,880
Total loans	329,026	268,059
Commercial Real Estate [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	1,520	1,145
Total allowance	1,520	1,145	1,025
Impaired loan balances	576	591
Non-impaired loan balances	138,208	120,543
Total loans	138,784	121,134
Construction [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	1,661	1,827
Total allowance	1,661	1,827	1,684
Impaired loan balances	0	0
Non-impaired loan balances	120,004	110,390
Total loans	120,004	110,390
Home equity lines of credit [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	237	211
Total allowance	237	211	238
Impaired loan balances	0	0
Non-impaired loan balances	36,378	32,437
Total loans	36,378	32,437
Other Consumer [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	2	3
Total allowance	2	3	2
Impaired loan balances	0	0
Non-impaired loan balances	214	216
Total loans	214	216
Unallocated [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	94	121
Total allowance	94	121	$ 164
Impaired loan balances	0	0
Non-impaired loan balances	0	0
Total loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 54

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Total Past Due	$ 1,239	$ 1,778
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	576	591
Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	598	0
Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	65	1,187
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	576	591
Residential Real Estate [Member]
Total Past Due	663
Past Due 90 Days or More and Still Accruing	0
Non-accrual Loans	0
Residential Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	598
Residential Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	65
Residential Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	0
Commercial Real Estate [Member]
Total Past Due	576	1,570
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	576	591
Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	0	0
Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	0	979
Commercial Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	$ 576	591
Home equity lines of credit [Member]
Total Past Due		208
Past Due 90 Days or More and Still Accruing		0
Non-accrual Loans		0
Home equity lines of credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due		0
Home equity lines of credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due		208
Home equity lines of credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due		$ 0

LOANS AND ALLOWANCE FOR LOAN 55

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Total impaired loans Recorded Investment	$ 748	$ 770
Total impaired loans Unpaid Principal Balance	899	842
Residential Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	172	179
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	189	196
Commercial Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	576	591
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	$ 710	$ 646

LOANS AND ALLOWANCE FOR LOAN 56

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Average Recorded Investment	$ 756	$ 1,035
Interest Income Recognized	57	15
Interest Income Recognized on Cash Basis	51	9
Commercial [Member]
Average Recorded Investment	0	6
Interest Income Recognized	0	0
Interest Income Recognized on Cash Basis	0	0
Residential real estate [Member]
Average Recorded Investment	175	393
Interest Income Recognized	6	14
Interest Income Recognized on Cash Basis	0	8
Commercial real estate [Member]
Average Recorded Investment	581	617
Interest Income Recognized	51	0
Interest Income Recognized on Cash Basis	51	0
Home equity lines of credit [Member]
Average Recorded Investment	0	19
Interest Income Recognized	0	1
Interest Income Recognized on Cash Basis	$ 0	$ 1

LOANS AND ALLOWANCE FOR LOAN 57

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 6) - Commercial Real Estate Portfolio Segment [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)Number
Number of Contracts | Number	1
Pre-Modification Outstanding Recorded Investment	$ 572
Post-Modification Outstanding Recorded Investment	$ 582

LOANS AND ALLOWANCE FOR LOAN 58

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 7) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Loans	$ 326,759	$ 280,871
Loans rated 1-4 [Member]
Loans	321,292	272,320
Loans rated 5 [Member]
Loans	1,777	7,002
Loans rated 6 [Member]
Loans	3,114	958
Loans rated 7 [Member]
Loans	576	591
Commercial Real Estate [Member]
Loans	138,784	121,134
Commercial Real Estate [Member] | Loans rated 1-4 [Member]
Loans	134,201	115,110
Commercial Real Estate [Member] | Loans rated 5 [Member]
Loans	1,476	5,433
Commercial Real Estate [Member] | Loans rated 6 [Member]
Loans	2,531	0
Commercial Real Estate [Member] | Loans rated 7 [Member]
Loans	576	591
Construction [Member]
Loans	120,004	110,390
Construction [Member] | Loans rated 1-4 [Member]
Loans	120,004	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	67,971	49,347
Commercial [Member] | Loans rated 1-4 [Member]
Loans	67,087	46,820
Commercial [Member] | Loans rated 5 [Member]
Loans	301	1,569
Commercial [Member] | Loans rated 6 [Member]
Loans	583	958
Commercial [Member] | Loans rated 7 [Member]
Loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN 59

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable, Gross	$ 692,377	$ 581,583
Servicing Asset, Total	4,900	3,600
Impaired Financing Receivable, Unpaid Principal Balance	899	842
Troubled Debt Restructuring [Member]
Financing Receivable, Modifications, Recorded Investment	748	179
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	576
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
Participants [Member] | Residential Real Estate [Member]
Impaired Financing Receivable, Unpaid Principal Balance	$ 9,900	11,400
Others [Member] | Residential Real Estate [Member]
Impaired Financing Receivable, Unpaid Principal Balance	$ 3,200	$ 4,300

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Land	$ 50	$ 50
Buildings	696	696
Leasehold improvements	3,420	3,374
Equipment	3,377	3,203
Property, Plant and Equipment, Gross, Total	7,543	7,323
Less accumulated depreciation and amortization	(4,073)	(3,447)
Premises and equipment, net	$ 3,470	$ 3,876
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	0 years
Buildings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	35 years
Buildings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	40 years
Leasehold improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	5 years
Leasehold improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	15 years
Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	3 years
Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	5 years

PREMISES AND EQUIPMENT (Detai61

PREMISES AND EQUIPMENT (Details 1) $ in Thousands	Dec. 31, 2017USD ($)
Schedule of Operating Leases [Line Items]
2,018	$ 1,130
2,019	1,080
2,020	1,086
2,021	917
2,022	466
Thereafter	647
Operating Leases, Future Minimum Payments Due, Total	$ 5,326

PREMISES AND EQUIPMENT (Detai62

PREMISES AND EQUIPMENT (Details Textual) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 16, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization, Nonproduction		$ 746	$ 749
Operating Leases, Rent Expense, Net, Total		$ 1,200	$ 1,200
Subsequent Event [Member]
Property, Plant and Equipment [Line Items]
Operating Leases, Rent Expense, Minimum Rentals	$ 4,200
Lessee, Operating Lease, Term of Contract	7 years

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deposits By Type [Line Items]
Demand	$ 104,346	$ 94,946
NOW	37,481	35,581
Money market	143,031	99,964
Regular and other savings	98,565	97,310
Total non-certificate accounts	383,423	327,801
Term certificates of $250 thousand and greater	84,299	103,717
Term certificates less than $250 thousand	149,020	91,292
Total term certificates	233,319	195,009
Total deposits	$ 616,742	$ 522,810

DEPOSITS (Details 1)

DEPOSITS (Details 1) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Amount
Within 1 year	$ 175,204	$ 123,009
Over 1 year to 2 years	43,464	50,164
Over 2 years to 3 years	12,016	17,961
Over 3 years to 4 years	2,635	3,875
Total term certificates	$ 233,319	$ 195,009
Weighted Average Rate
Within 1 year	1.27%	1.03%
Over 1 year to 2 years	1.44%	1.14%
Over 2 years to 3 years	1.78%	1.44%
Over 3 years to 4 years	1.46%	1.41%
Time Deposits Weighted Average Interest Rate	1.33%	1.11%

DEPOSITS (Details Textual)

DEPOSITS (Details Textual) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Deposits [Member]
Time Deposits [Line Items]
Deposits Received for Securities Loaned, at Carrying Value	$ 65	$ 29

SHORT-TERM BORROWINGS AND AVA66

SHORT-TERM BORROWINGS AND AVAILABLE LINES OF CREDIT (Details Textual) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Short-term Debt [Line Items]
Secured borrowing, weighted average interest rate	1.53%	0.74%
Commercial real estate loans pledged to access federal reserve bank discount window	$ 19.8	$ 22.5
Co-operative Central Bank [Member]
Short-term Debt [Line Items]
Unsecured line of credit, outstanding	0	0
Debt Instrument, Unused Borrowing Capacity, Amount	5
Federal Reserve Bank Advances [Member]
Short-term Debt [Line Items]
Borrowings available under line of credit	1.3	312,017
Line of Credit [Member]
Short-term Debt [Line Items]
Borrowings available under line of credit	5
Unsecured line of credit, outstanding	0	0
Federal Reserve Discount Window [Member]
Short-term Debt [Line Items]
Borrowings available under line of credit	$ 8.9	$ 10.1

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount		$ 77,174	$ 83,020
Weighted Average Rate		1.32%	1.30%
FHLB Maturity Year, 2017 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount		$ 0	$ 44,500
Weighted Average Rate		0.00%	1.18%
FHLB Maturity Year, 2018 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount		$ 43,500	$ 25,500
Weighted Average Rate		1.32%	1.31%
FHLB Maturity Year, 2019 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount		$ 10,000	$ 7,000
Weighted Average Rate		1.60%	1.58%
FHLB Maturity Year, 2020 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount		$ 12,000	$ 4,000
Weighted Average Rate		1.83%	1.86%
FHLB Maturity Year, 2022 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount	[1]	$ 11,674	$ 2,020
Weighted Average Rate	[1]	0.55%	1.84%
[1]	At December 31, 2017 and 2016, includes an amortizing advance amounting $1.7 million and $2.0 million, respectively, requiring monthly principal and interest of $32 thousand.

LONG-TERM DEBT (Details Textual

LONG-TERM DEBT (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Percentage of carry value of first mortgage loan on owners occupied property	75.00%
Debt Instrument, Periodic Payment	$ 32	$ 32
Amortization of Advances from Federal Home Loan Banks	$ 1,700	$ 2,000

SUBORDINATED DEBT (Details Text

SUBORDINATED DEBT (Details Textual) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 17, 2015	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Subordinated Long-term Debt, Noncurrent		$ 9,598	$ 9,506
Subordinated Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 10,000
Debt Instrument, Interest Rate, Stated Percentage	6.00%	6.00%
Debt Instrument, Maturity Date	Dec. 30, 2025
Subordinated Long-term Debt, Noncurrent		$ 9,800	$ 9,800
Unamortized Debt Issuance Expense		$ 266
Debt Instrument, Interest Rate Terms		3-month LIBOR rate plus 435.5 basis points.

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Current tax provision:
Federal	$ 2,608	$ 1,459
State	716	409
Current Income Tax Expense (Benefit), Total	3,324	1,868
Deferred tax provision (benefit):
Federal	(572)	(25)
State	(167)	(5)
Effect of federal tax rate change	979	0
Deferred Income Tax Expense (Benefit), Total	240	(30)
Total tax provision	$ 3,564	$ 1,838

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Reconciliation Of Effective Income Tax Rate [Line Items]
Statutory tax rate	34.00%	34.00%
Increase (decrease) resulting from:
State taxes, net of federal tax benefit	5.40%	5.60%
Income on bank-owned life insurance	(1.20%)	(1.60%)
Tax exempt bond income	(1.50%)	(1.60%)
Share-based compensation	0.30%	1.70%
Effect of federal tax rate change	14.50%	0.00%
Other, net	1.30%	0.40%
Effective tax rates	52.80%	38.50%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Allowance for loan losses	$ 1,730	$ 2,169
Employee benefit plans	847	967
Partnerships and other investments	3	0
Deferred loan fees	0	5
Net unrealized gain/loss on securities available for sale	2	145
Other, net	15	0
Deferred Tax Assets, Net of Valuation Allowance, Total	2,597	3,286
Deferred tax liabilities:
Depreciation and amortization	(194)	(463)
Mortgage servicing rights	(29)	(49)
Deferred loan fees	(22)	0
Partnerships and other investments	0	(14)
Other, net	0	(18)
Deferred Tax Liabilities, Net, Total	(245)	(544)
Net deferred tax asset	$ 2,352	$ 2,742

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Jan. 02, 2018
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Provision for Loan Losses		$ 1,730	$ 2,169
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		34.00%	34.00%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount		$ 979	$ 0
Available for sale Securities Change In Tax Rate		$ 7	$ 0
Accounting Standards Update 2018-02 [Member] | Subsequent Event [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets				$ 7
Scenario, Plan [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Earliest Year Open To Audit [Member]
Years open to audit		2,014
Latest Year Open To Audit [Member]
Years open to audit		2,017
Domestic Tax Authority [Member]
Deferred Tax Liability Not Recognized Temporary Difference Percentage Taxable If Certain Events Occur		150.00%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Provision for Loan Losses		$ 820
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Policyholders' Surplus		$ 231

DERIVATIVE INSTRUMENTS (Details

DERIVATIVE INSTRUMENTS (Details Textual) $ in Thousands	Dec. 31, 2016USD ($)
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 72
Derivative Asset	17
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	72
Not Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Notional Amount	700
Derivative Asset	17
Not Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 2,200

OTHER COMMITMENTS AND CONTING75

OTHER COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Standby letters of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	$ 1,176	$ 320
Unadvanced funds on home equity lines of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	35,759	27,611
Unadvanced funds on home equity lines of credit [Member] | Unadvanced funds on construction loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	51,409	38,522
Unadvanced funds on home equity lines of credit [Member] | Unadvanced funds on commercial lines of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	30,368	29,358
Overdraft lines of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	503	483
Commitments to grant loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	$ 6,597	$ 11,416

MINIMUM REGULATORY CAPITAL RE76

MINIMUM REGULATORY CAPITAL REQUIREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Total Capital to Risk-Weighted Assets, Actual Amount	$ 71,795	$ 66,585
Total Capital to Risk-Weighted Assets, Actual Ratio	11.70%	12.60%
Total Capital to Risk-Weighted Assets, Minimum Capital Requirements Amount	$ 49,009	$ 42,337
Total Capital to Risk-Weighted Assets, Minimum Capital Requirements Ratio	8.00%	8.00%
Total Capital to Risk-Weighted Assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 61,262	$ 52,921
Total Capital to Risk-Weighted Assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Common Equity Tier 1 Capital to Risk-Weighted Assets Actual Amount	$ 65,642	$ 61,152
Common Equity Tier 1 Capital to Risk-Weighted Assets Actual Ratio	10.70%	11.60%
Common Equity Tier 1 Capital to Risk-Weighted Assets Minimum Capital Requirements	$ 27,568	$ 23,815
Common Equity Tier 1 Capital to Risk-Weighted Assets Minimum Capital Requirements Ratio	4.50%	4.50%
Common Equity Tier 1 Capital to Risk-Weighted Assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions	$ 39,820	$ 34,399
Common Equity Tier 1 Capital to Risk-Weighted Assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier I Capital to Risk-Weighted Assets, Actual Amount	$ 65,642	$ 61,152
Tier I Capital to Risk-Weighted Assets, Actual Ratio	10.70%	11.60%
Tier I Capital to Risk-weighted Assets, Minimum Capital Requirements Amount	$ 36,757	$ 31,753
Tier I Capital to Risk-weighted Assets, Minimum Capital Requirements Ratio	6.00%	6.00%
Tier I Capital to Risk-Weighted Assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 49,009	$ 42,337
Tier I Capital to Risk-Weighted Assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Tier I Capital to average assets, Actual Amount	$ 65,642	$ 61,152
Tier I Capital to average assets, Actual Ratio	8.40%	9.10%
Tier I Capital to average assets, Minimum Capital Requirements Amount	$ 31,382	$ 27,001
Tier I Capital to average assets, Minimum Capital Requirements Ratio	4.00%	4.00%
Tier I Capital to average assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 39,228	$ 33,752
Tier I Capital to average assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

MINIMUM REGULATORY CAPITAL RE77

MINIMUM REGULATORY CAPITAL REQUIREMENTS (Details Textual)	Jan. 01, 2019	Jan. 02, 2018	Dec. 31, 2017	Dec. 31, 2016
Tier One Risk Based Capital to Risk Weighted Assets			10.70%	11.60%
Tier One Leverage Capital to Average Assets			8.40%	9.10%
Required Capital Conservation buffer Rate			1.25%
Scenario, Forecast [Member]
Required Capital Conservation buffer Rate	2.50%
Subsequent Event [Member]
Required Capital Conservation buffer Rate		1.875%
Maximum [Member]
Tier One Risk Based Capital to Risk Weighted Assets			6.00%
Tier One Leverage Capital to Average Assets			8.00%
Minimum [Member]
Tier One Leverage Capital to Average Assets			4.00%
Common Stock [Member]
Tier One Risk Based Capital to Risk Weighted Assets			4.50%
Tier 1 capital One [Member] | Common Stock [Member]
Tier One Risk Based Capital to Risk Weighted Assets			2.50%

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - Employee Stock Option [Member] $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares
Shares
Outstanding at beginning of period | shares	222
Granted | shares	0
Exercised | shares	(10)
Outstanding at end of period | shares	212
Exercisable at end of year | shares	194
Weighted Average Exercise Price
Outstanding at beginning of period | $ / shares	$ 16.02
Granted | $ / shares	0
Exercised | $ / shares	15.45
Outstanding at end of period | $ / shares	16.05
Exercisable at end of year | $ / shares	$ 15.30
Weighted Average Remaining Contractual Term
Outstanding at end of year	5 years 2 months 5 days
Exercisable at end of year	5 years 18 days
Aggregate Intrinsic value:
Outstanding at end of year | $	$ 2,893
Exercisable at end of year | $	$ 2,645

EMPLOYEE BENEFIT PLANS (Detai79

EMPLOYEE BENEFIT PLANS (Details 1) shares in Thousands	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Number of Shares
Non-vested stock awards at beginning of year | shares	51
Restricted shares granted | shares	15
Shares vested | shares	(25)
Non-vested stock awards at end of year | shares	41
Grant-date Fair Value
Non-vested stock awards at beginning of year | $ / shares	$ 19.38
Restricted shares granted | $ / shares	27.22
Shares vested | $ / shares	17.39
Non-vested stock awards at end of year | $ / shares	$ 23.2

EMPLOYEE BENEFIT PLANS (Detai80

EMPLOYEE BENEFIT PLANS (Details 2) $ in Thousands	Dec. 31, 2017USD ($)
2,018	$ 123
2,019	127
2,020	131
2,021	135
2,022	140
Thereafter	605
Employee Stock Ownership Plan (ESOP), Debt Structure, Indirect Loan, Amount	$ 1,261

EMPLOYEE BENEFIT PLANS (Detai81

EMPLOYEE BENEFIT PLANS (Details 3) - shares	Dec. 31, 2017	Dec. 31, 2016
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Allocated	65,250	57,955
Unallocated	115,543	128,382
Employee Stock Ownership Plan (ESOP), Shares in ESOP	180,793	186,337

EMPLOYEE BENEFIT PLANS (Detai82

EMPLOYEE BENEFIT PLANS (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan ESOP Percent Of Shares Authorized To Be Purchased	7.20%
Employee Stock Ownership Plan ESOP Debt Structure Direct Loan Term	15 years
Employee Stock Ownership Plan ESOP Debt Structure Direct Loan Interest Rate	3.25%
Employee Stock Ownership Plan ESOP Cost Of Committed To Be Released Shares	$ 3,400	$ 3,600
Employee Stock Ownership Plan (ESOP), Shares in ESOP	180,793	186,337
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 348	$ 270
Defined Contribution Plan Employer Contribution Maximum	7.00%	7.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	100.00%	150.00%
Defined Contribution Plan, Cost Recognized	$ 353	$ 506
Defined Benefit Plan, Other Costs	9	9
Incentive Compensation Expenses	1,200	861
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 69
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	15,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 10 months 28 days
Employee Stock Option [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Stock or Unit Option Plan Expense	$ 169	212
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	28	38
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 852
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years 9 months 18 days
Stock Award [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Stock or Unit Option Plan Expense	$ 445	325
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 178	$ 130
Restricted Stock [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	15,000	26,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 27.22	$ 21.94
Minimum [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Percentage Of Income Before Income Taxes And Certain Compensation Available For Profit Sharing Plan	10.00%
Maximum [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Percentage Of Income Before Income Taxes And Certain Compensation Available For Profit Sharing Plan	20.00%
2012 Equity Incentive Plan [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	231,894
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Equity Incentive Plan 2016 [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	75,000
Equity Incentive Plan 2016 [Member] | Restricted Stock [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	15,000
Supplemental Employee Retirement Plan [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Total	$ 1,300	$ 1,100
Defined Benefit Plan, Net Periodic Benefit Cost, Total	$ 224	$ 240

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Balance at beginning of year	$ 3,356	$ 3,880
Principal additions	1,097	121
Principal payments	(993)	(645)
Balance at end of year	$ 3,460	$ 3,356

RELATED PARTY TRANSACTIONS (D84

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Loans and Leases Receivable, Related Parties	$ 3,460	$ 3,356	$ 3,880
Related Party Transaction, Rate	0.50%
Related Party Deposit Liabilities	$ 7,800	$ 6,700
Maximum [Member]
Loans and Leases Receivable, Related Parties	$ 60

RESTRICTIONS ON DIVIDENDS, LO85

RESTRICTIONS ON DIVIDENDS, LOANS AND ADVANCES (Details Textual)	Dec. 31, 2017
Federal Home Loan Bank Advances As Percentage Of Total Assets	10.00%

FAIR VALUES OF ASSETS AND LIA86

FAIR VALUES OF ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		$ 64,720
Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		17
Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		72
Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 66,486	64,648
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		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
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
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		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		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		72
Fair Value, Inputs, Level 2 [Member] | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	66,486	64,648
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		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
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
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 ASSETS AND LIA87

FAIR VALUES OF ASSETS AND LIABILITIES (Details 1) $ in Thousands	Dec. 31, 2016USD ($)
Loans held for sale	$ 1,454
Fair Value, Inputs, Level 1 [Member]
Loans held for sale	0
Fair Value, Inputs, Level 2 [Member]
Loans held for sale	0
Fair Value, Inputs, Level 3 [Member]
Loans held for sale	$ 1,454

FAIR VALUES OF ASSETS AND LIA88

FAIR VALUES OF ASSETS AND LIABILITIES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Financial assets:
Cash and cash equivalents	$ 28,462	$ 28,425
Certificates of deposit	100	100
Securities available for sale	66,486	64,648
FHLB stock	5,937	5,758
Loans held for sale		1,454
Loans, net	694,614	591,451
Accrued interest receivable	2,140	1,647
Derivative loan commitments		17
Forward loan sale commitments		72
Financial liabilities:
Deposits	615,653	523,479
Short-term borrowings	38,000	21,250
Long-term debt	76,906	83,254
Subordinated debt	9,598	9,506
Accrued interest payable	286	140
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	28,462	28,425
Certificates of deposit	100	100
Securities available for sale	0	0
FHLB stock	0	0
Loans held for sale		0
Loans, net	0	0
Accrued interest receivable	0	0
Derivative loan commitments		0
Forward loan sale commitments		0
Financial liabilities:
Deposits	0	0
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated debt	0	0
Accrued interest payable	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents	0	0
Certificates of deposit	0	0
Securities available for sale	66,486	64,648
FHLB stock	0	0
Loans held for sale		0
Loans, net	0	0
Accrued interest receivable	0	0
Derivative loan commitments		17
Forward loan sale commitments		72
Financial liabilities:
Deposits	0	0
Short-term borrowings	38,000	21,250
Long-term debt	76,906	83,254
Subordinated debt	0	0
Accrued interest payable	0	0
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and cash equivalents	0	0
Certificates of deposit	0	0
Securities available for sale	0	0
FHLB stock	5,937	5,758
Loans held for sale		1,454
Loans, net	694,614	591,450
Accrued interest receivable	2,140	1,647
Derivative loan commitments		0
Forward loan sale commitments		0
Financial liabilities:
Deposits	615,653	523,479
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated debt	9,598	9,506
Accrued interest payable	286	140
Reported Carrying Amount Measurement [Member]
Financial assets:
Cash and cash equivalents	28,462	28,425
Certificates of deposit	100	100
Securities available for sale	66,486	64,648
FHLB stock	5,937	5,758
Loans held for sale		1,454
Loans, net	686,302	576,131
Accrued interest receivable	2,140	1,647
Derivative loan commitments		17
Forward loan sale commitments		72
Financial liabilities:
Deposits	616,742	522,810
Short-term borrowings	38,000	21,250
Long-term debt	77,174	83,020
Subordinated debt	9,802	9,769
Accrued interest payable	$ 286	$ 140

FAIR VALUES OF ASSETS AND LIA89

FAIR VALUES OF ASSETS AND LIABILITIES (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Loans Held For Sale [Member]
Fair Value, Assets and Liabilities Measured on Non Recurring Basis [Line Items]
Total gain (Loss)	$ 51