Wellesley Bancorp 10-Q 7 Nov 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 01, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Registrant Name	Wellesley Bancorp, Inc.
Entity Central Index Key	1,526,952
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	WEBK
Entity Common Stock, Shares Outstanding		2,525,730
Entity Emerging Growth Company	false
Entity Small Business	true

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 5,421	$ 4,604
Short-term investments	18,782	23,858
Total cash and cash equivalents	24,203	28,462
Certificates of deposit	100	100
Securities available for sale, at fair value	67,651	66,486
Federal Home Loan Bank of Boston stock, at cost	5,466	5,937
Loans held for sale	698	0
Loans	726,593	692,455
Less allowance for loan losses	(6,543)	(6,153)
Loans, net	720,050	686,302
Bank-owned life insurance	7,710	7,535
Premises and equipment, net	3,604	3,470
Accrued interest receivable	2,308	2,140
Net deferred tax asset	2,949	2,352
Other assets	2,132	2,611
Total assets	836,871	805,395
Deposits:
Non-interest-bearing	131,836	104,346
Interest-bearing	538,667	512,396
Total deposits	670,503	616,742
Short-term borrowings	27,500	38,000
Long-term borrowings	62,357	77,174
Subordinated debt	9,825	9,802
Accrued expenses and other liabilities	3,664	4,432
Total liabilities	773,849	746,150
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value; 14,000,000 shares authorized, 2,525,186 and 2,506,532 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	25	25
Additional paid-in capital	26,278	25,601
Retained earnings	38,740	34,736
Accumulated other comprehensive income (loss)	(962)	39
Unearned compensation – ESOP	(1,059)	(1,156)
Total stockholders' equity	63,022	59,245
Total liabilities and stockholders' equity	$ 836,871	$ 805,395

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Sep. 30, 2018	Dec. 31, 2017
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	2,525,186	2,506,532
Common Stock, Shares, Outstanding	2,525,186	2,506,532

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Interest and dividend income:
Interest and fees on loans and loans held for sale	$ 7,941	$ 6,747	$ 22,702	$ 19,079
Debt securities:
Taxable	364	337	1,050	1,009
Tax-exempt	82	77	246	224
Short-term investments and certificates of deposit	143	78	376	163
FHLB stock	86	66	244	182
Total interest and dividend income	8,616	7,305	24,618	20,657
Interest expense:
Deposits	1,668	919	4,318	2,540
Short-term borrowings	244	95	442	175
Long-term debt	273	316	1,004	901
Subordinated debt	158	158	474	474
Total interest expense	2,343	1,488	6,238	4,090
Net interest income	6,273	5,817	18,380	16,567
Provision for loan losses	130	250	390	372
Net interest income, after provision for loan losses	6,143	5,567	17,990	16,195
Non-interest income:
Customer service fees	42	39	130	109
Mortgage banking activities	35	34	72	98
Income on bank-owned life insurance	60	59	175	173
Wealth management fees	407	314	1,208	917
Miscellaneous	17	58	200	177
Total non-interest income	561	504	1,785	1,474
Non-interest expense:
Salaries and employee benefits	2,660	2,408	8,074	7,518
Occupancy and equipment	782	684	2,201	2,087
Data processing	265	230	734	651
FDIC insurance	150	150	486	447
Professional fees	159	192	572	547
Other general and administrative	566	500	1,666	1,532
Total non-interest expense	4,582	4,164	13,733	12,782
Income before income taxes	2,122	1,907	6,042	4,887
Provision for income taxes	565	741	1,628	1,903
Net income	1,557	1,166	4,414	2,984
Other comprehensive income:
Net unrealized holding (loss) gains on available-for-sale securities	(267)	63	(1,343)	640
Income tax benefit (expense)	54	(25)	335	(239)
Total other comprehensive (loss) gain income	(213)	38	(1,008)	401
Comprehensive income	$ 1,344	$ 1,204	$ 3,406	$ 3,385
Earnings per common share:
Basic	$ 0.65	$ 0.49	$ 1.84	$ 1.26
Diluted	$ 0.62	$ 0.48	$ 1.77	$ 1.22
Weighted average shares outstanding:
Basic	2,408,091	2,370,623	2,398,671	2,364,449
Diluted	2,511,241	2,454,198	2,499,093	2,448,558

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (loss) [Member]	Unearned Compensation - ESOP [Member]
Balance at Dec. 31, 2016	$ 55,214	$ 25	$ 24,703	$ 31,999	$ (229)	$ (1,284)
Balance (in shares) at Dec. 31, 2016		2,484,852
Comprehensive income	3,385	$ 0	0	2,984	401	0
Dividends paid to common stockholders	(349)	0	0	(349)	0	0
Issuance of restricted stock	0	$ 0	0	0	0	0
Issuance of restricted stock (shares)		5,000
Stock options exercised	40	$ 0	40	0	0	0
Stock options exercised (shares)		2,500
Share-based compensation- equity incentive plan	493	$ 0	493	0	0	0
ESOP shares committed to be allocated (9,629)	260	0	164	0	0	96
Balance at Sep. 30, 2017	59,043	$ 25	25,400	34,634	172	(1,188)
Balance (in shares) at Sep. 30, 2017		2,492,352
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
Comprehensive income	3,406	$ 0	0	4,414	(1,008)	0
Reclassification related to Tax Cuts and Jobs Act	0	0	0	(7)	7	0
Dividends paid to common stockholders	(403)	0	0	(403)	0	0
Restricted stock forfeitures	0	$ 0	0	0	0	0
Restricted stock forfeitures (shares)		(400)
Stock options exercised	154	$ 0	154	0	0	0
Stock options exercised (shares)		19,054
Share-based compensation- equity incentive plan	313	$ 0	313	0	0	0
ESOP shares committed to be allocated (9,629)	307	0	210	0	0	97
Balance at Sep. 30, 2018	$ 63,022	$ 25	$ 26,278	$ 38,740	$ (962)	$ (1,059)
Balance (in shares) at Sep. 30, 2018		2,525,186

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Parenthetical] - $ / shares	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Dividends paid to common stockholders, per share	$ 0.16	$ 0.14
ESOP shares committed to be allocated, Shares	9,629	9,629

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income	$ 4,414	$ 2,984
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	390	372
Depreciation and amortization	574	556
Net amortization of securities	117	177
Principal balance of loans sold	5,857	10,449
Loans originated for sale	(6,555)	(8,995)
Accretion of net deferred loan fees	(435)	(438)
Amortization of subordinated debt issuance costs	23	25
Income on bank-owned life insurance	(175)	(173)
Deferred income tax provision	(262)	(487)
ESOP expense	307	260
Share-based compensation	313	493
Net change in other assets and liabilities	(500)	2,456
Net cash provided by operating activities	4,068	7,679
Cash flows from investing activities:
Maturities, prepayments and calls	8,289	3,393
Purchases	(10,914)	(4,013)
Redemption (purchase) of Federal Home Loan Bank stock	471	(315)
Net loan originations	(33,703)	(72,396)
Additions to premises and equipment	(728)	(175)
Proceeds from sale of premises and equipment	63	0
Net cash used by investing activities	(36,522)	(73,506)
Cash flows from financing activities:
Net increase in deposits	53,761	58,739
Proceeds from issuance of long-term debt	36,000	39,000
Repayments of long-term debt	(50,817)	(34,759)
Increase (decrease) in short-term borrowings	(10,500)	5,750
Stock options exercised	154	40
Cash dividends paid on common stock	(403)	(349)
Net cash provided by financing activities	28,195	68,421
Net change in cash and cash equivalents	(4,259)	2,594
Cash and cash equivalents at beginning period	28,462	28,425
Cash and cash equivalents at end of period	24,203	31,019
Supplementary information:
Interest paid	6,083	3,986
Income taxes paid	$ 2,086	$ 2,134

BASIS OF PRESENTATION AND CONSO

BASIS OF PRESENTATION AND CONSOLIDATION	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	NOTE 1 – BASIS OF PRESENTATION AND CONSOLIDATION The accompanying unaudited interim consolidated financial statements include the accounts of Wellesley Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Wellesley Bank (the “Bank”), the principal operating entity, and its wholly-owned subsidiaries: Wellesley Securities Corporation, which engages in the business of buying, selling and dealing in securities exclusively on its own behalf; Wellesley Investment Partners, LLC, formed to provide investment management services for individuals, not-for-profit entities and businesses; and Central Linden, LLC, to hold, manage and sell foreclosed real estate. All significant intercompany balances and transactions have been eliminated in consolidation. Assets under management at Wellesley Investment Partners, LLC are not included in these consolidated financial statements because they are not assets of the Company. These financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information, and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. The accompanying consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s 2017 Annual Report on Form 10-K. The results for the three and nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018 or for any other period.

LOAN POLICIES

LOAN POLICIES	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Loan Portfolio [Text Block]	NOTE 2 – LOAN POLICIES The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in our primary market areas in eastern Massachusetts. The ability of the Company’s debtors to honor their contracts is dependent upon the economy in general and the state of real estate and construction sectors within our markets. Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred loan origination fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Interest is generally not accrued on loans which are identified as impaired or loans which are ninety days or more past due. Past due status is based on the contractual terms of the loan. Interest income previously accrued on such loans is reversed against current period interest income. Interest income on non-accrual loans is recognized only to the extent of interest payments received and is first applied to the outstanding principal balance when collectibility of principal is in doubt. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured through sustained payment performance for at least six months. Allowance for loan losses The allowance for loan losses is established through a provision for loan losses charged to earnings as losses are estimated to 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 three and 10 years. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume, concentrations and terms of loans; level of collateral protection; effects of changes in risk selection and underwriting standards; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no significant changes to the Company’s policies or methodology pertaining to the general component of the allowance during 2018 or 2017. 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 percent and does not originate subprime loans. Most loans in this segment are collateralized by one-to-four family residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Commercial real estate – Loans in this segment are primarily income-producing properties in the Company’s primary market areas in eastern Massachusetts. The underlying cash flows generated by the properties may be adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which, in turn, will have an effect on the credit quality in this segment. Management typically obtains rent rolls annually and continually monitors the cash flows of these loans. Construction – Loans in this segment include speculative construction loans primarily on residential properties for which payment is derived from the sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions. Residential construction loans in this segment also include loans to build one-to-four family owner-occupied properties which are subject to the same credit quality factors as residential real estate. Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Home equity lines of credit – Loans in this segment are collateralized by one-to-four family residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Other consumer – Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the fair value of the loan or, if the loan is collateral dependent, by the fair value of the collateral, less estimated costs to sell. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify performing individual residential and consumer loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due, according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. Unallocated component An unallocated component is maintained to cover additional uncertainties in management’s estimation of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	9 Months Ended
	Sep. 30, 2018
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	NOTE 3 – COMPREHENSIVE INCOME Accounting principles generally require that recognized revenue, expenses, and gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the stockholders’ equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income/loss. The components of accumulated other comprehensive income (loss) and related tax effects are as follows: September 30, December 31, 2018 2017 (In thousands) Unrealized holding gains (losses) on securities available for sale $ (1,299 ) $ 44 Tax effect 337 (5 ) Net-of tax amount $ (962 ) $ 39

RECENT ACCOUNTING AND REGULATOR

RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2018
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 4 – RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS Effective January 1, 2018, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) . The amendments in this update supersede the revenue recognition requirements in Topic 605, Revenue Recognition , including most industry-specific revenue recognition guidance throughout the Industry Topics of the Codification. The core principle of Topic 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company's primary source of revenue is interest income on financial assets, which is explicitly excluded from the scope of the new guidance. In addition, management determined that the timing of the Company’s recognition of wealth management fees did not change materially. The adoption of this update did not have a significant impact on the Company’s consolidated financial statements. Effective January 1, 2018, the Company adopted ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities, to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The key provision included in the ASU is that equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) will be measured at fair value with changes in fair value recognized in net income and the elimination of the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value for financial instruments measured at amortized cost. This ASU also requires companies to use an “exit price” fair value when measuring the fair values of financial instruments. The adoption of this update did not have a significant impact on the consolidated financial statements, as the Company does not currently invest in equity securities. Effective January 1, 2018, the Company adopted ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments . The amendments in this ASU provide cash flow statement classification guidance for certain areas where diversification existed in practice. The adoption of this update did not have an impact on the Company’s consolidated financial statements. Effective January 1, 2018, the Company adopted ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash . The amendments in this update require that in the statement of cash flows, amounts generally described as restricted cash and restricted cash equivalents are included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts. The adoption of this update did not have a significant impact on the Company’s consolidated financial statements. Effective January 1, 2018, the Company adopted ASU 2017-09, Compensation-Stock Compensation (Topic 718) to provide clarity and reduce both (1) diversity in practice and (2) cost and complexity when applying the guidance in Topic 718, Compensation-Stock Compensation , to a change in terms or conditions of a share-based payment award. The adoption of this update did not have a significant impact on the Company’s consolidated financial statements. Effective January 1, 2018, the Company adopted ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . The purpose of this ASU is to eliminate the stranded tax effects resulting from the Tax Cuts and Jobs Reform Act of 2017. Upon adoption of this update, the Company recorded a reclassification of $7 thousand to increase accumulated other comprehensive income and decrease retained earnings. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820), which amends the disclosure requirements by adding, changing, or removing certain disclosures about recurring or non-recurring fair value measurements. This ASU will be effective for public business entities for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The adoption of this update will not have a significant impact on the consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842 ), which requires a lessee to record a right-to-use asset and liability representing the obligation to make lease payments for long-term leases. This ASU will be effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. It is expected that assets and liabilities will increase based on the present value of remaining lease payments for leases in place at the adoption date; however, this is not expected to be material to the Company's results of operations or financial position. Management continues to evaluate the extent of potential impact the new guidance will have on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to measure expected credit losses based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. Credit losses on available-for-sale debt securities should be measured in a manner similar to current GAAP; however, recognized credit losses will be presented as an allowance rather than as a write-down. This ASU will be effective for fiscal years beginning after December 15, 2019, including interim periods. Management is evaluating the provisions of the update, and will closely monitor developments and additional guidance to determine the potential impact on the Company's consolidated financial statements. Management is currently in the process of developing an internal solution.

SECURITIES AVAILABLE FOR SALE

SECURITIES AVAILABLE FOR SALE	9 Months Ended
	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 5 – SECURITIES AVAILABLE FOR SALE The amortized cost and fair value of securities available for sale, with gross unrealized gains and losses, follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) September 30, 2018 Residential mortgage-backed securities: Government National Mortgage Association $ 3,953 $ 34 $ (64 ) $ 3,923 Government-sponsored enterprises 11,787 15 (346 ) 11,456 SBA and other asset-backed securities 12,067 32 (299 ) 11,800 State and municipal bonds 12,937 58 (205 ) 12,790 Government-sponsored enterprise obligations 8,000 — (306 ) 7,694 Corporate bonds 16,155 18 (235 ) 15,938 U.S. Treasury bills 4,051 — (1 ) 4,050 $ 68,950 $ 157 $ (1,456 ) $ 67,651 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair 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 bills 1,241 — — 1,241 $ 66,442 $ 506 $ (462 ) $ 66,486 There were no sales of available-for-sale securities for the three and nine months ended September 30, 2018 and 2017. The amortized cost and fair value of debt securities by contractual maturity at September 30, 2018 are as follows: Amortized Cost Fair Value (In thousands) Within 1 year $ 5,052 $ 5,050 After 1 year to 5 years 22,418 21,899 After 5 years to 10 years 5,678 5,652 After 10 years 7,995 7,871 41,143 40,472 Mortgage- and asset-backed securities 27,807 27,179 $ 68,950 $ 67,651 Expected maturities may differ from contractual maturities because the issuer, in certain instances, has the right to call or prepay obligations with or without call or prepayment penalties. 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 Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (In thousands) September 30, 2018 Residential mortgage-backed securities: Government National Mortgage Association $ — $ — $ (64 ) $ 1,765 Government-sponsored enterprises (146 ) 6,077 (200 ) 3,718 SBA and other asset-backed securities (156 ) 7,267 (143 ) 2,136 State and municipal bonds (178 ) 8,280 (27 ) 849 Government-sponsored enterprise obligations — — (306 ) 7,693 Corporate bonds (141 ) 10,998 (94 ) 1,944 U.S. Treasury bills (1 ) 4,050 — — $ (622 ) $ 36,672 $ (834 ) $ 18,105 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 Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluations. At September 30, 2018, various debt securities have unrealized losses with aggregate depreciation of 2.6% from their aggregate amortized cost basis. These unrealized losses relate principally to the effect of interest rate changes on the fair value of debt securities and not an increase in credit risk of the issuers. As the Company does not intend to sell the securities and it is more likely than not that the Company will not be required to sell the securities before recovery of their amortized cost, which may be maturity, the Company does not consider these securities to be other-than-temporarily impaired at September 30, 2018.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2018
Notes and Loans Payable, Current [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 6 – LOANS AND ALLOWANCE FOR LOAN LOSSES A summary of the ending balances of loans is as follows: September 30, December 31, 2018 2017 (In thousands) Real estate loans: Residential – fixed $ 54,006 $ 31,433 Residential – variable 317,630 297,593 Commercial 149,823 138,784 Construction 109,478 120,004 630,937 587,814 Commercial loans: Secured 51,410 62,333 Unsecured 5,413 5,638 56,823 67,971 Consumer loans: Home equity lines of credit 38,631 36,378 Other 183 214 38,814 36,592 Total loans 726,574 692,377 Less: Allowance for loan losses (6,543 ) (6,153 ) Net deferred origination costs 19 78 Loans, net $ 720,050 $ 686,302 The following table summarizes the changes in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2018 and 2017: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) Three Months Ended September 30, 2018 Allowance at June 30, 2018 $ 1,999 1,615 $ 1,459 $ 962 $ 257 $ 4 $ 117 $ 6,413 Provision (credit) for loan losses 108 4 5 (10 ) (6 ) (1 ) 30 130 Allowance at September 30, 2018 $ 2,107 $ 1,619 $ 1,464 $ 952 $ 251 $ 3 $ 147 $ 6,543 Three Months Ended September 30, 2017 Allowance at June 30, 2017 $ 1,563 $ 1,171 $ 1,760 $ 714 $ 215 $ 2 $ 118 $ 5,543 Provision (credit) for loan losses 73 59 86 115 1 — (84 ) 250 Allowance at September 30, 2017 $ 1,636 $ 1,230 $ 1,846 $ 829 $ 216 $ 2 $ 34 $ 5,793 Nine Months Ended September 30, 2018 Allowance at December 31, 2017 $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Provision (credit) for loan losses 385 99 (197 ) 35 14 1 53 390 Allowance at September 30, 2018 $ 2,107 $ 1,619 $ 1,464 $ 952 $ 251 $ 3 $ 147 $ 6,543 Nine Months Ended September 30, 2017 Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Provision (credit) for loan losses 214 85 19 126 5 10 (87 ) 372 Loans charged off — — — — — (11 ) — (11 ) Allowance at September 30, 2017 $ 1,636 $ 1,230 $ 1,846 $ 829 $ 216 $ 2 $ 34 $ 5,793 Further information pertaining to the allowance for loan losses is as follows: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) September 30, 2018 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 2,107 1,619 1,464 952 251 3 147 6,543 Total allowance $ 2,107 $ 1,619 $ 1,464 $ 952 $ 251 $ 3 $ 147 $ 6,543 Impaired loan balances $ 815 $ 2,893 $ — $ — $ — $ — $ — $ 3,708 Non-impaired loan balances 370,821 146,930 109,478 56,823 38,631 183 — 722,866 Total loans $ 371,636 $ 149,823 $ 109,478 $ 56,823 $ 38,631 $ 183 $ — $ 726,574 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 The following is a summary of past due and non-accrual loans at September 30, 2018 and December 31, 2017: 30-59 Days Past Due 60-89 Days Past Due Past Due 90 Days or More Total Past Due Past Due 90 Days or More and Still Accruing Non- accrual Loans (In thousands) September 30, 2018 Residential real estate $ — $ — $ 62 $ 62 $ — $ 648 Commercial real estate 557 — — 557 — 557 Total $ 557 $ — $ 62 $ 619 $ — $ 1,205 December 31, 2017 Residential real estate $ 598 $ 65 $ — $ 663 $ — $ — Commercial real estate — — 576 576 — 576 Total $ 598 $ 65 $ 576 $ 1,239 $ — $ 576 The following is a summary of impaired loans: September 30, 2018 December 31, 2017 Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance (In thousands) Impaired loans without a valuation allowance: Residential real estate $ 815 $ 832 $ 172 $ 189 Commercial real estate 2,893 3,020 576 710 Total impaired loans $ 3,708 $ 3,852 $ 748 $ 899 Further information pertaining to impaired loans follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis (In thousands) Residential real estate $ 821 $ 13 $ 2 $ 421 $ 25 $ 5 Commercial real estate 2,949 32 6 1,627 61 34 Total $ 3,770 $ 45 $ 8 $ 2,048 $ 86 $ 39 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis (In thousands) Residential real estate $ 175 $ 2 $ — $ 176 $ 5 $ — Commercial real estate 582 5 5 583 48 48 Total $ 757 $ 7 $ 5 $ 759 $ 53 $ 48 No additional funds are committed to be advanced in connection with impaired loans. There were no new troubled debt restructurings recorded during the three and nine months ended September 30, 2018. There were no troubled debt restructurings recorded during the three months ended September 30, 2017. The following is a summary of troubled debt restructurings recorded for the nine months ended September 30, 2017. Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Commercial real estate $ 1 $ 572 $ 582 During the nine months ended September 30, 2017, the Company recorded a TDR for one commercial borrower which capitalized past-due interest over the remaining term of the loan in accordance with their bankruptcy filing. There were no TDRs that defaulted, generally considered 90 days past due or longer, during the three and nine months ended September 30, 2018 and 2017, and for which default was within one year of the restructure date. TDRs did not have a material impact on the allowance for loan losses for the three and nine months ended September 30, 2018 and 2017. Credit Quality Information The Company utilizes an eleven-grade internal loan rating system for commercial real estate, construction and commercial loans. Loans rated 1-4: Loans in these categories are considered “pass” rated loans with low to average risk. Loans rated 5: Loans in this category are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management. Loans rated 6: Loans in this category are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected. Loans rated 7: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Loans rated 8: Loans in this category are considered “loss” or uncollectible and of such little value that their continuance as loans is not warranted. Loans rated 9: Loans in this category only include commercial loans under $25 thousand with no other outstandings or relationships with the Company that are not rated for credit quality on an annual basis. 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 days of the assignment of an 11 rating, information is still not available to allow a standard rating, the credit will be rated 6. 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. The following table presents the Company’s loans by risk rating: September 30, 2018 December 31, 2017 Commercial Real Estate Construction Commercial Total Commercial Real Estate Construction Commercial Total (In thousands) Loans rated 1-4 $ 146,006 $ 109,478 $ 55,951 $ 311,435 $ 134,201 $ 120,004 $ 67,087 $ 321,292 Loans rated 5 925 — 872 1,797 1,476 — 301 1,777 Loans rated 6 2,335 — — 2.335 2,531 — 583 3,114 Loans rated 7 557 — — 557 576 — — 576 Total $ 149,823 $ 109,478 $ 56,823 $ 316,124 $ 138,784 $ 120,004 $ 67,971 $ 326,759

FAIR VALUES OF FINANCIAL INSTRU

FAIR VALUES OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2018
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Instruments Disclosure [Text Block]	NOTE 7 – FAIR VALUES OF FINANCIAL INSTRUMENTS Fair value hierarchy The Company groups its assets measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted market prices in active exchange markets for identical assets and liabilities. Valuations are obtained from readily available pricing sources. Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets and liabilities. Valuations are obtained from readily available pricing sources. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. Level 3 assets include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as those for which the determination of fair value requires significant management judgment or estimation. Transfers between levels are recognized at the end of a reporting period, if applicable. Determination of fair value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances there are no quoted market prices for the Company’s various assets and liabilities. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the assets and liabilities. Assets measured at fair value on a recurring basis Assets measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017 are summarized below. Level 1 Level 2 Level 3 Total Fair Value (In thousands) September 30, 2018 Securities available for sale $ — $ 67,651 $ — $ 67,651 Forward loan sale commitments — — 5 5 Derivative loan commitments — — 5 5 Total assets $ — $ 67,661 $ — $ 67,661 December 31, 2017 Securities available for sale $ — $ 66,486 $ — $ 66,486 Fair value measurements for securities available for sale are obtained from a third-party pricing service and are not adjusted by management. All securities are measured at fair value in Level 2 based on valuation models that consider standard input factors such as observable market data, benchmark yields, interest rate volatilities, broker/dealer quotes, credit spreads and new issue data. The fair value of forward loan sale commitments and derivative loan commitments are based on fair values of the underlying mortgage loans, including servicing values as applicable. The fair value of derivative loan commitments also considers the probability of such commitments being exercised. There were no liabilities measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017. Assets measured at fair value on a non-recurring basis The Company may also be required, from time to time, to measure certain other financial assets at fair value on a non-recurring basis in accordance with generally accepted accounting principles. These adjustments to fair value usually result from application of lower-of-cost-or-market (“LOCOM”) accounting or write-downs of individual assets. Fair values for loans held for sale are based on commitments in effect from investors or prevailing market rates. The following table summarizes the fair value hierarchy used to determine each adjustment and the carrying value of the related individual assets. September 30, 2018 December 31, 2017 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (In thousands) Loans held for sale $ — $ — $ 698 $ — $ — $ — There are no liabilities measured at fair value on a non-recurring basis at September 30, 2018 and December 31, 2017. Summary of fair values of financial instruments The estimated fair values and related carrying amounts of the Company’s financial instruments are outlined in the table below. Certain financial instruments and all nonfinancial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein may not necessarily represent the underlying fair value of the Company. Fair Value Carrying Amount Level 1 Level 2 Level 3 Total (In thousands) September 30, 2018 Financial assets: Cash and cash equivalents $ 24,203 $ 24,203 $ — $ — $ 24,203 Certificates of deposit 100 100 — — 100 Securities available for sale 67,651 — 67,651 — 67,651 FHLB stock 5,466 — — 5,466 5,466 Loans held for sale 698 — — 698 698 Loans, net 720,050 — — 708,181 708,181 Accrued interest receivable 2,308 — — 2,308 2,308 Forward loan sale commitments 5 — — 5 5 Derivative loan commitments 5 — — 5 5 Financial liabilities: Deposits $ 670,503 $ — $ — 668,912 668,912 Short-term borrowings 27,500 — 27,500 — 27,500 Long-term debt 62,357 — 61,619 — 61,619 Subordinated debt 9,825 — — 9,668 9,668 Accrued interest payable 441 — — 441 441 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

EMPLOYEE STOCK OWNERSHIP PLAN

EMPLOYEE STOCK OWNERSHIP PLAN	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation and Employee Benefit Plans [Text Block]	NOTE 8 – EMPLOYEE STOCK OWNERSHIP PLAN The Bank maintains an Employee Stock Ownership Plan (the “ESOP”) to provide eligible employees the opportunity to own Company stock. This plan is a tax-qualified retirement plan for the benefit of all Company employees. Contributions are allocated to eligible participants on the basis of compensation, subject to federal tax limits. The Company granted a loan to the ESOP to purchase shares of the Company’s common stock on the closing date of the Company’s mutual to stock conversion in 2012. As of September 30, 2018, the ESOP held 177,583 shares or 7.0% of the common stock outstanding on that date. The loan is payable annually over 15 years at the rate of 3.25% per annum. The loan can be prepaid without penalty. Loan payments are expected to be funded by cash contributions from the Bank. The loan is secured by the shares purchased, which are held in a suspense account for allocation among participants as the loan is repaid. Cash dividends paid on allocated shares are reinvested into shares to participants and cash dividends paid on unallocated shares will be used to repay the outstanding debt of the ESOP. Shares used as collateral to secure the loan are released and available for allocation to eligible employees as the principal and interest on the loan is paid. Shares held by the ESOP at September 30, 2018 include the following: Allocated 62,039 Committed to be allocated 9,629 Unallocated 105,915 177,583 The fair value of unallocated shares was $3.6 million at September 30, 2018. Total compensation expense recognized in connection with the ESOP for the three months and nine months ended September 30, 2018 was $109 thousand and $307 thousand, respectively. Total compensation expense recognized in connection with the ESOP for the three months and nine months ended September 30, 2017 was $86 thousand and $260 thousand, respectively.

EQUITY INCENTIVE PLANS

EQUITY INCENTIVE PLANS	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 9 – EQUITY INCENTIVE PLANS Under the Company’s 2016 Equity Incentive Plan the Company may grant restricted stock awards to its employees and directors for up to 75,000 shares of its common stock. A restricted stock award (the “award”) is a grant of shares of Company common stock for no consideration, subject to a vesting schedule or the satisfaction of market conditions or performance criteria. 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, will be recognized over the five-year vesting period. At September 30, 2018, 34,000 shares remain available to award under the Plan. 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 shares of its common stock. The exercise price of each stock option was not less than the fair market value of the Company’s common stock on the date of grant, and the maximum term of each option is 10 years from the date of each award. The vesting period was five years from the date of grant, with vesting at 20% per year. 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 were 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 A summary of option activity under the 2012 Equity Incentive Plan for the nine months ended September 30, 2018 is presented below: Options Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (In thousands) (In years) (In thousands) Outstanding at beginning of period 212 $ 16.05 Exercised (19 ) 15.35 Forfeited — — Outstanding at end of period 193 $ 16.11 4.48 $ 3,497 Options exercisable at end of period 175 $ 15.29 4.33 $ 3,144 For the three months ended September 30, 2018 and 2017, compensation expense applicable to the stock options was $9 thousand and $54 thousand, respectively. There was no recognized tax benefit related to this expense for the period ended September 30, 2018. The recognized tax benefit related to this expense was $10 thousand for the period ended September 30, 2017. For the nine months ended September 30, 2018 and 2017, compensation expense applicable to the stock options was $28 thousand and $159 thousand, respectively. There was no recognized tax benefit related to this expense for the period ended September 30, 2018. The recognized tax benefit related to this expense was $28 thousand for the period ended September 30, 2017. Unrecognized compensation expense for non-vested stock options totaled $41 thousand as of September 30, 2018, which will be recognized over the remaining weighted average vesting period of 1.3 years. Stock Awards There was no activity in non-vested restricted stock awards under the 2016 or the 2012 Equity Incentive Plan for the three and nine months ended September 30, 2018. For the three months ended September 30, 2018 and 2017, compensation expense applicable to the stock awards was $97 thousand and $121 thousand, respectively, and the recognized tax benefit related to this expense was $27 thousand and $45 thousand, respectively. For the nine months ended September 30, 2018 and 2017, compensation expense applicable to the stock awards was $285 thousand and $334 thousand, respectively, and the recognized tax benefit related to this expense was $80 thousand and $134 thousand, respectively. Unrecognized compensation expense for non-vested restricted stock totaled $556 thousand as of September 30, 2018, which will be recognized over the remaining weighted average vesting period of 2.99 years.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 10 – EARNINGS PER COMMON SHARE Basic earnings per share represents net income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. Under the Company’s 2012 and 2016 Equity Incentive Plans, stock awards contain non-forfeitable dividend rights. Accordingly, these shares are considered outstanding for computation of basic earnings per share. Potential common shares that may be issued by the Company relate to outstanding stock options and are determined using the treasury stock method. Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands, except per share data) Net income applicable to common stock $ 1,557 $ 1,166 $ 4,414 $ 2,984 Average number of common shares issued 2,516 2,490 2,509 2,488 Less: Average unallocated ESOP shares (108 ) (120 ) (111 ) (124 ) Average number of common shares outstanding used to calculate basic earnings per common share 2,408 2,370 2,398 2,364 Effect of dilutive stock options 103 84 101 85 Average number of common shares outstanding used to calculate diluted earnings per share 2,511 2,454 2,499 2,449 Earnings per common share: Basic $ 0.65 $ 0.49 $ 1.84 $ 1.26 Diluted $ 0.62 $ 0.48 $ 1.77 $ 1.22 There were no anti-dilutive options that would have been excluded from the computations of diluted earnings per share for the three and nine months ended September 30, 2018 and 2017.

LOAN POLICIES (Policies)

LOAN POLICIES (Policies)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	LOAN POLICIES The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in our primary market areas in eastern Massachusetts. The ability of the Company’s debtors to honor their contracts is dependent upon the economy in general and the state of real estate and construction sectors within our markets. Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred loan origination fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Interest is generally not accrued on loans which are identified as impaired or loans which are ninety days or more past due. Past due status is based on the contractual terms of the loan. Interest income previously accrued on such loans is reversed against current period interest income. Interest income on non-accrual loans is recognized only to the extent of interest payments received and is first applied to the outstanding principal balance when collectibility of principal is in doubt. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured through sustained payment performance for at least six months. Allowance for loan losses The allowance for loan losses is established through a provision for loan losses charged to earnings as losses are estimated to 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 three and 10 years. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume, concentrations and terms of loans; level of collateral protection; effects of changes in risk selection and underwriting standards; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no significant changes to the Company’s policies or methodology pertaining to the general component of the allowance during 2018 or 2017. 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 percent and does not originate subprime loans. Most loans in this segment are collateralized by one-to-four family residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Commercial real estate – Loans in this segment are primarily income-producing properties in the Company’s primary market areas in eastern Massachusetts. The underlying cash flows generated by the properties may be adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which, in turn, will have an effect on the credit quality in this segment. Management typically obtains rent rolls annually and continually monitors the cash flows of these loans. Construction – Loans in this segment include speculative construction loans primarily on residential properties for which payment is derived from the sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions. Residential construction loans in this segment also include loans to build one-to-four family owner-occupied properties which are subject to the same credit quality factors as residential real estate. Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Home equity lines of credit – Loans in this segment are collateralized by one-to-four family residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Other consumer – Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the fair value of the loan or, if the loan is collateral dependent, by the fair value of the collateral, less estimated costs to sell. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify performing individual residential and consumer loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due, according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. Unallocated component An unallocated component is maintained to cover additional uncertainties in management’s estimation of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2018
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive income (loss) and related tax effects are as follows: September 30, December 31, 2018 2017 (In thousands) Unrealized holding gains (losses) on securities available for sale $ (1,299 ) $ 44 Tax effect 337 (5 ) Net-of tax amount $ (962 ) $ 39

SECURITIES AVAILABLE FOR SALE (

SECURITIES AVAILABLE FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2018
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: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) September 30, 2018 Residential mortgage-backed securities: Government National Mortgage Association $ 3,953 $ 34 $ (64 ) $ 3,923 Government-sponsored enterprises 11,787 15 (346 ) 11,456 SBA and other asset-backed securities 12,067 32 (299 ) 11,800 State and municipal bonds 12,937 58 (205 ) 12,790 Government-sponsored enterprise obligations 8,000 — (306 ) 7,694 Corporate bonds 16,155 18 (235 ) 15,938 U.S. Treasury bills 4,051 — (1 ) 4,050 $ 68,950 $ 157 $ (1,456 ) $ 67,651 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair 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 bills 1,241 — — 1,241 $ 66,442 $ 506 $ (462 ) $ 66,486
Investments Classified by Contractual Maturity Date [Table Text Block]	The amortized cost and fair value of debt securities by contractual maturity at September 30, 2018 are as follows: Amortized Cost Fair Value (In thousands) Within 1 year $ 5,052 $ 5,050 After 1 year to 5 years 22,418 21,899 After 5 years to 10 years 5,678 5,652 After 10 years 7,995 7,871 41,143 40,472 Mortgage- and asset-backed securities 27,807 27,179 $ 68,950 $ 67,651
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 Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (In thousands) September 30, 2018 Residential mortgage-backed securities: Government National Mortgage Association $ — $ — $ (64 ) $ 1,765 Government-sponsored enterprises (146 ) 6,077 (200 ) 3,718 SBA and other asset-backed securities (156 ) 7,267 (143 ) 2,136 State and municipal bonds (178 ) 8,280 (27 ) 849 Government-sponsored enterprise obligations — — (306 ) 7,693 Corporate bonds (141 ) 10,998 (94 ) 1,944 U.S. Treasury bills (1 ) 4,050 — — $ (622 ) $ 36,672 $ (834 ) $ 18,105 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

LOANS AND ALLOWANCE FOR LOAN _2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2018
Notes and Loans Payable, Current [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	A summary of the ending balances of loans is as follows: September 30, December 31, 2018 2017 (In thousands) Real estate loans: Residential – fixed $ 54,006 $ 31,433 Residential – variable 317,630 297,593 Commercial 149,823 138,784 Construction 109,478 120,004 630,937 587,814 Commercial loans: Secured 51,410 62,333 Unsecured 5,413 5,638 56,823 67,971 Consumer loans: Home equity lines of credit 38,631 36,378 Other 183 214 38,814 36,592 Total loans 726,574 692,377 Less: Allowance for loan losses (6,543 ) (6,153 ) Net deferred origination costs 19 78 Loans, net $ 720,050 $ 686,302
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]	The following table summarizes the changes in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2018 and 2017: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) Three Months Ended September 30, 2018 Allowance at June 30, 2018 $ 1,999 1,615 $ 1,459 $ 962 $ 257 $ 4 $ 117 $ 6,413 Provision (credit) for loan losses 108 4 5 (10 ) (6 ) (1 ) 30 130 Allowance at September 30, 2018 $ 2,107 $ 1,619 $ 1,464 $ 952 $ 251 $ 3 $ 147 $ 6,543 Three Months Ended September 30, 2017 Allowance at June 30, 2017 $ 1,563 $ 1,171 $ 1,760 $ 714 $ 215 $ 2 $ 118 $ 5,543 Provision (credit) for loan losses 73 59 86 115 1 — (84 ) 250 Allowance at September 30, 2017 $ 1,636 $ 1,230 $ 1,846 $ 829 $ 216 $ 2 $ 34 $ 5,793 Nine Months Ended September 30, 2018 Allowance at December 31, 2017 $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Provision (credit) for loan losses 385 99 (197 ) 35 14 1 53 390 Allowance at September 30, 2018 $ 2,107 $ 1,619 $ 1,464 $ 952 $ 251 $ 3 $ 147 $ 6,543 Nine Months Ended September 30, 2017 Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Provision (credit) for loan losses 214 85 19 126 5 10 (87 ) 372 Loans charged off — — — — — (11 ) — (11 ) Allowance at September 30, 2017 $ 1,636 $ 1,230 $ 1,846 $ 829 $ 216 $ 2 $ 34 $ 5,793
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Further information pertaining to the allowance for loan losses is as follows: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) September 30, 2018 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 2,107 1,619 1,464 952 251 3 147 6,543 Total allowance $ 2,107 $ 1,619 $ 1,464 $ 952 $ 251 $ 3 $ 147 $ 6,543 Impaired loan balances $ 815 $ 2,893 $ — $ — $ — $ — $ — $ 3,708 Non-impaired loan balances 370,821 146,930 109,478 56,823 38,631 183 — 722,866 Total loans $ 371,636 $ 149,823 $ 109,478 $ 56,823 $ 38,631 $ 183 $ — $ 726,574 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
Past Due Financing Receivables [Table Text Block]	The following is a summary of past due and non-accrual loans at September 30, 2018 and December 31, 2017: 30-59 Days Past Due 60-89 Days Past Due Past Due 90 Days or More Total Past Due Past Due 90 Days or More and Still Accruing Non- accrual Loans (In thousands) September 30, 2018 Residential real estate $ — $ — $ 62 $ 62 $ — $ 648 Commercial real estate 557 — — 557 — 557 Total $ 557 $ — $ 62 $ 619 $ — $ 1,205 December 31, 2017 Residential real estate $ 598 $ 65 $ — $ 663 $ — $ — Commercial real estate — — 576 576 — 576 Total $ 598 $ 65 $ 576 $ 1,239 $ — $ 576
Impaired Financing Receivables [Table Text Block]	The following is a summary of impaired loans: September 30, 2018 December 31, 2017 Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance (In thousands) Impaired loans without a valuation allowance: Residential real estate $ 815 $ 832 $ 172 $ 189 Commercial real estate 2,893 3,020 576 710 Total impaired loans $ 3,708 $ 3,852 $ 748 $ 899
Impaired Financing Receivables By Class Of Loans [Table Text Block]	Further information pertaining to impaired loans follows: Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis (In thousands) Residential real estate $ 821 $ 13 $ 2 $ 421 $ 25 $ 5 Commercial real estate 2,949 32 6 1,627 61 34 Total $ 3,770 $ 45 $ 8 $ 2,048 $ 86 $ 39 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis (In thousands) Residential real estate $ 175 $ 2 $ — $ 176 $ 5 $ — Commercial real estate 582 5 5 583 48 48 Total $ 757 $ 7 $ 5 $ 759 $ 53 $ 48
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	The following is a summary of troubled debt restructurings recorded for the nine months ended September 30, 2017. Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Commercial real estate $ 1 $ 572 $ 582
Financing Receivable Credit Quality Indicators [Table Text Block]	The following table presents the Company’s loans by risk rating: September 30, 2018 December 31, 2017 Commercial Real Estate Construction Commercial Total Commercial Real Estate Construction Commercial Total (In thousands) Loans rated 1-4 $ 146,006 $ 109,478 $ 55,951 $ 311,435 $ 134,201 $ 120,004 $ 67,087 $ 321,292 Loans rated 5 925 — 872 1,797 1,476 — 301 1,777 Loans rated 6 2,335 — — 2.335 2,531 — 583 3,114 Loans rated 7 557 — — 557 576 — — 576 Total $ 149,823 $ 109,478 $ 56,823 $ 316,124 $ 138,784 $ 120,004 $ 67,971 $ 326,759

FAIR VALUES OF FINANCIAL INST_2

FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2018
Financial Liabilities Fair Value Disclosure [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Assets measured at fair value on a recurring basis at September 30, 2018 and December 31, 2017 are summarized below. Level 1 Level 2 Level 3 Total Fair Value (In thousands) September 30, 2018 Securities available for sale $ — $ 67,651 $ — $ 67,651 Forward loan sale commitments — — 5 5 Derivative loan commitments — — 5 5 Total assets $ — $ 67,661 $ — $ 67,661 December 31, 2017 Securities available for sale $ — $ 66,486 $ — $ 66,486
Fair Value Measurements, Nonrecurring [Table Text Block]	The following table summarizes the fair value hierarchy used to determine each adjustment and the carrying value of the related individual assets. September 30, 2018 December 31, 2017 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (In thousands) Loans held for sale $ — $ — $ 698 $ — $ — $ —
Fair Value, by Balance Sheet Grouping [Table Text Block]	Accordingly, the aggregate fair value amounts presented herein may not necessarily represent the underlying fair value of the Company. Fair Value Carrying Amount Level 1 Level 2 Level 3 Total (In thousands) September 30, 2018 Financial assets: Cash and cash equivalents $ 24,203 $ 24,203 $ — $ — $ 24,203 Certificates of deposit 100 100 — — 100 Securities available for sale 67,651 — 67,651 — 67,651 FHLB stock 5,466 — — 5,466 5,466 Loans held for sale 698 — — 698 698 Loans, net 720,050 — — 708,181 708,181 Accrued interest receivable 2,308 — — 2,308 2,308 Forward loan sale commitments 5 — — 5 5 Derivative loan commitments 5 — — 5 5 Financial liabilities: Deposits $ 670,503 $ — $ — 668,912 668,912 Short-term borrowings 27,500 — 27,500 — 27,500 Long-term debt 62,357 — 61,619 — 61,619 Subordinated debt 9,825 — — 9,668 9,668 Accrued interest payable 441 — — 441 441 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

EMPLOYEE STOCK OWNERSHIP PLAN (

EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	9 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Employee Stock Ownership Plan ESOP Status Of Entity Shares Held [Table Text Block]	Shares held by the ESOP at September 30, 2018 include the following: Allocated 62,039 Committed to be allocated 9,629 Unallocated 105,915 177,583

EQUITY INCENTIVE PLANS (Tables)

EQUITY INCENTIVE PLANS (Tables)	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of option activity under the 2012 Equity Incentive Plan for the nine months ended September 30, 2018 is presented below: Options Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (In thousands) (In years) (In thousands) Outstanding at beginning of period 212 $ 16.05 Exercised (19 ) 15.35 Forfeited — — Outstanding at end of period 193 $ 16.11 4.48 $ 3,497 Options exercisable at end of period 175 $ 15.29 4.33 $ 3,144

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Potential common shares that may be issued by the Company relate to outstanding stock options and are determined using the treasury stock method. Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands, except per share data) Net income applicable to common stock $ 1,557 $ 1,166 $ 4,414 $ 2,984 Average number of common shares issued 2,516 2,490 2,509 2,488 Less: Average unallocated ESOP shares (108 ) (120 ) (111 ) (124 ) Average number of common shares outstanding used to calculate basic earnings per common share 2,408 2,370 2,398 2,364 Effect of dilutive stock options 103 84 101 85 Average number of common shares outstanding used to calculate diluted earnings per share 2,511 2,454 2,499 2,449 Earnings per common share: Basic $ 0.65 $ 0.49 $ 1.84 $ 1.26 Diluted $ 0.62 $ 0.48 $ 1.77 $ 1.22

LOAN POLICIES (Details Textual)

LOAN POLICIES (Details Textual)	9 Months Ended
	Sep. 30, 2018
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

COMPREHENSIVE INCOME (Details)

COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized holding gains (losses) on securities available for sale	$ (1,299)	$ 44
Tax effect	337	(5)
Net-of tax amount	$ (962)	$ 39

RECENT ACCOUNTING AND REGULAT_2

RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)
Reclassification from AOCI, Current Period, Tax	$ 0
Accounting Standards Update 2018-02 [Member]
Reclassification from AOCI, Current Period, Tax	$ 7

SECURITIES AVAILABLE FOR SALE_2

SECURITIES AVAILABLE FOR SALE (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 68,950	$ 66,442
Gross Unrealized Gains	157	506
Gross Unrealized Losses	(1,456)	(462)
Fair Value	67,651	66,486
SBA and other asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,067	11,961
Gross Unrealized Gains	32	89
Gross Unrealized Losses	(299)	(87)
Fair Value	11,800	11,963
State and municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,937	13,026
Gross Unrealized Gains	58	276
Gross Unrealized Losses	(205)	(15)
Fair Value	12,790	13,287
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	(306)	(166)
Fair Value	7,694	7,834
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	16,155	17,166
Gross Unrealized Gains	18	52
Gross Unrealized Losses	(235)	(57)
Fair Value	15,938	17,161
US Treasury Bill Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	4,051	1,241
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1)	0
Fair Value	4,050	1,241
Residential mortgage-backed securities [Member] | Government National Mortgage Association [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,953	3,358
Gross Unrealized Gains	34	46
Gross Unrealized Losses	(64)	(53)
Fair Value	3,923	3,351
Residential mortgage-backed securities [Member] | Government-sponsored enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,787	11,690
Gross Unrealized Gains	15	43
Gross Unrealized Losses	(346)	(84)
Fair Value	$ 11,456	$ 11,649

SECURITIES AVAILABLE FOR SALE_3

SECURITIES AVAILABLE FOR SALE (Details 1) $ in Thousands	Sep. 30, 2018USD ($)
Available-for-sale Securities, Debt Maturities, Amortized Cost
Within 1 year	$ 5,052
After 1 year to 5 years	22,418
After 5 years to 10 years	5,678
After 10 years	7,995
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	41,143
Mortgage- and asset-backed securities	27,807
Available-for-sale Debt Securities, Amortized Cost Basis, Total	68,950
Available-for-sale Securities, Debt Maturities, Fair Value
Within 1 year	5,050
After 1 year to 5 years	21,899
After 5 years to 10 years	5,652
After 10 years	7,871
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Fair Value Total	40,472
Mortgage- and asset-backed securities	27,179
Available-for-sale Securities, Debt Securities, Fair Value Total	$ 67,651

SECURITIES AVAILABLE FOR SALE_4

SECURITIES AVAILABLE FOR SALE (Details 2) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	$ (622)	$ (75)
Less Than Twelve Months Fair Value	36,672	16,054
Over Twelve Months Gross Unrealized Losses	(834)	(387)
Over Twelve Months Fair Value	18,105	15,871
SBA and other asset-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(156)	(8)
Less Than Twelve Months Fair Value	7,267	2,267
Over Twelve Months Gross Unrealized Losses	(143)	(79)
Over Twelve Months Fair Value	2,136	2,434
State and municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(178)	(3)
Less Than Twelve Months Fair Value	8,280	571
Over Twelve Months Gross Unrealized Losses	(27)	(12)
Over Twelve Months Fair Value	849	871
Government-sponsored enterprise obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	0	(27)
Less Than Twelve Months Fair Value	0	1,973
Over Twelve Months Gross Unrealized Losses	(306)	(139)
Over Twelve Months Fair Value	7,693	5,860
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(141)	(21)
Less Than Twelve Months Fair Value	10,998	7,399
Over Twelve Months Gross Unrealized Losses	(94)	(36)
Over Twelve Months Fair Value	1,944	1,985
US Treasury Bill Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(1)
Less Than Twelve Months Fair Value	4,050
Over Twelve Months Gross Unrealized Losses	0
Over Twelve Months Fair Value	0
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	0	(3)
Less Than Twelve Months Fair Value	0	266
Over Twelve Months Gross Unrealized Losses	(64)	(50)
Over Twelve Months Fair Value	1,765	1,611
Residential mortgage-backed securities [Member] | Government-sponsored enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(146)	(13)
Less Than Twelve Months Fair Value	6,077	3,578
Over Twelve Months Gross Unrealized Losses	(200)	(71)
Over Twelve Months Fair Value	$ 3,718	$ 3,110

SECURITIES AVAILABLE FOR SALE_5

SECURITIES AVAILABLE FOR SALE (Details Textual)	Sep. 30, 2018
Schedule of Available-for-sale Securities [Line Items]
Unrealized Losses Debt Securities Aggregate Depreciation Percentage	2.60%

LOANS AND ALLOWANCE FOR LOAN _3

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Total loans	$ 726,574	$ 692,377
Less: Allowance for loan losses	(6,543)	(6,153)
Net deferred origination costs	19	78
Loans, net	720,050	686,302
Commercial loan [Member]
Total loans	56,823	67,971
Consumer loan [Member]
Total loans	38,814	36,592
Residential - fixed [Member]
Total loans	54,006	31,433
Residential - variable [Member]
Total loans	317,630	297,593
Commercial Real Estate [Member]
Total loans	149,823	138,784
Construction [Member]
Total loans	109,478	120,004
Secured [Member]
Total loans	51,410	62,333
Unsecured [Member]
Total loans	5,413	5,638
Home equity lines of credit [Member]
Total loans	38,631	36,378
Other Consumer [Member]
Total loans	183	214
Real estate loans [Member]
Total loans	$ 630,937	$ 587,814

LOANS AND ALLOWANCE FOR LOAN _4

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Allowance Beginning Balance	$ 6,413	$ 5,543	$ 6,153	$ 5,432
Provision (credit) for loan losses	130	250	390	372
Loans charged off				(11)
Allowance Ending Balance	6,543	5,793	6,543	5,793
Commercial [Member]
Allowance Beginning Balance	962	714	917	703
Provision (credit) for loan losses	(10)	115	35	126
Loans charged off				0
Allowance Ending Balance	952	829	952	829
Residential Real Estate [Member]
Allowance Beginning Balance	1,999	1,563	1,722	1,422
Provision (credit) for loan losses	108	73	385	214
Loans charged off				0
Allowance Ending Balance	2,107	1,636	2,107	1,636
Commercial Real Estate [Member]
Allowance Beginning Balance	1,615	1,171	1,520	1,145
Provision (credit) for loan losses	4	59	99	85
Loans charged off				0
Allowance Ending Balance	1,619	1,230	1,619	1,230
Construction [Member]
Allowance Beginning Balance	1,459	1,760	1,661	1,827
Provision (credit) for loan losses	5	86	(197)	19
Loans charged off				0
Allowance Ending Balance	1,464	1,846	1,464	1,846
Home equity lines of credit [Member]
Allowance Beginning Balance	257	215	237	211
Provision (credit) for loan losses	(6)	1	14	5
Loans charged off				0
Allowance Ending Balance	251	216	251	216
Other Consumer [Member]
Allowance Beginning Balance	4	2	2	3
Provision (credit) for loan losses	(1)	0	1	10
Loans charged off				(11)
Allowance Ending Balance	3	2	3	2
Unallocated [Member]
Allowance Beginning Balance	117	118	94	121
Provision (credit) for loan losses	30	(84)	53	(87)
Loans charged off				0
Allowance Ending Balance	$ 147	$ 34	$ 147	$ 34

LOANS AND ALLOWANCE FOR LOAN _5

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 2) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Allowance related to impaired loans	$ 0		$ 0
Allowance related to non-impaired loans	6,543		6,153
Total allowance	6,543	$ 6,413	6,153	$ 5,793	$ 5,543	$ 5,432
Impaired loan balances	3,708		748
Non-impaired loan balances	722,866		691,629
Total loans	726,574		692,377
Commercial [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	952		917
Total allowance	952	962	917	829	714	703
Impaired loan balances	0		0
Non-impaired loan balances	56,823		67,971
Total loans	56,823		67,971
Residential Real Estate [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	2,107		1,722
Total allowance	2,107	1,999	1,722	1,636	1,563	1,422
Impaired loan balances	815		172
Non-impaired loan balances	370,821		328,854
Total loans	371,636		329,026
Commercial Real Estate [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	1,619		1,520
Total allowance	1,619	1,615	1,520	1,230	1,171	1,145
Impaired loan balances	2,893		576
Non-impaired loan balances	146,930		138,208
Total loans	149,823		138,784
Construction [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	1,464		1,661
Total allowance	1,464	1,459	1,661	1,846	1,760	1,827
Impaired loan balances	0		0
Non-impaired loan balances	109,478		120,004
Total loans	109,478		120,004
Home equity lines of credit [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	251		237
Total allowance	251	257	237	216	215	211
Impaired loan balances	0		0
Non-impaired loan balances	38,631		36,378
Total loans	38,631		36,378
Other Consumer [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	3		2
Total allowance	3	4	2	2	2	3
Impaired loan balances	0		0
Non-impaired loan balances	183		214
Total loans	183		214
Unallocated [Member]
Allowance related to impaired loans	0		0
Allowance related to non-impaired loans	147		94
Total allowance	147	$ 117	94	$ 34	$ 118	$ 121
Impaired loan balances	0		0
Non-impaired loan balances	0		0
Total loans	$ 0		$ 0

LOANS AND ALLOWANCE FOR LOAN _6

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 3) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Total Past Due	$ 619	$ 1,239
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	1,205	576
Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	557	598
Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	0	65
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	62	576
Residential Real Estate [Member]
Total Past Due	62	663
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	648	0
Residential Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	0	598
Residential Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	0	65
Residential Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	62	0
Commercial Real Estate [Member]
Total Past Due	557	576
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	557	576
Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	557	0
Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	0	0
Commercial Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	$ 0	$ 576

LOANS AND ALLOWANCE FOR LOAN _7

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Total impaired loans Recorded Investment	$ 3,708	$ 748
Total impaired loans Unpaid Principal Balance	3,852	899
Residential Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	815	172
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	832	189
Commercial Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	2,893	576
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	$ 3,020	$ 710

LOANS AND ALLOWANCE FOR LOAN _8

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Average Recorded Investment	$ 3,770	$ 757	$ 2,048	$ 759
Interest Income Recognized	45	7	86	53
Interest Income Recognized on Cash Basis	8	5	39	48
Residential real estate [Member]
Average Recorded Investment	821	175	421	176
Interest Income Recognized	13	2	25	5
Interest Income Recognized on Cash Basis	2	0	5	0
Commercial real estate [Member]
Average Recorded Investment	2,949	582	1,627	583
Interest Income Recognized	32	5	61	48
Interest Income Recognized on Cash Basis	$ 6	$ 5	$ 34	$ 48

LOANS AND ALLOWANCE FOR LOAN _9

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 6) - Commercial real estate [Member] pure in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Number of Contracts	1
Pre-Modification Outstanding Recorded Investment	$ 572
Post-Modification Outstanding Recorded Investment	$ 582

LOANS AND ALLOWANCE FOR LOAN_10

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 7) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Loans	$ 316,124	$ 326,759
Loans rated 1-4 [Member]
Loans	311,435	321,292
Loans rated 5 [Member]
Loans	1,797	1,777
Loans rated 6 [Member]
Loans	2,335	3,114
Loans rated 7 [Member]
Loans	557	576
Commercial Real Estate [Member]
Loans	149,823	138,784
Commercial Real Estate [Member] | Loans rated 1-4 [Member]
Loans	146,006	134,201
Commercial Real Estate [Member] | Loans rated 5 [Member]
Loans	925	1,476
Commercial Real Estate [Member] | Loans rated 6 [Member]
Loans	2,335	2,531
Commercial Real Estate [Member] | Loans rated 7 [Member]
Loans	557	576
Construction [Member]
Loans	109,478	120,004
Construction [Member] | Loans rated 1-4 [Member]
Loans	109,478	120,004
Construction [Member] | Loans rated 5 [Member]
Loans	0	0
Construction [Member] | Loans rated 6 [Member]
Loans	0	0
Construction [Member] | Loans rated 7 [Member]
Loans	0	0
Commercial [Member]
Loans	56,823	67,971
Commercial [Member] | Loans rated 1-4 [Member]
Loans	55,951	67,087
Commercial [Member] | Loans rated 5 [Member]
Loans	872	301
Commercial [Member] | Loans rated 6 [Member]
Loans	0	583
Commercial [Member] | Loans rated 7 [Member]
Loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN_11

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Loans and Leases Receivable, Gross	$ 726,574	$ 692,377
Commercial Loan [Member]
Loans and Leases Receivable, Gross	56,823	$ 67,971
Loan rated 9 [Member] | Maximum [Member] | Commercial Loan [Member]
Loans and Leases Receivable, Gross	$ 25
Credit Rating Eleven [Member] | Maximum [Member]
Period After Credit Rating Assignment	60 days

FAIR VALUES OF FINANCIAL INST_3

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 67,661
Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	5
Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	67,651	$ 66,486
Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	5
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] | 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 1 [Member] | Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	67,661
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	0
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	67,651	66,486
Fair Value, Inputs, Level 2 [Member] | Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0
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] | Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	5
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 Value, Inputs, Level 3 [Member] | Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 5

FAIR VALUES OF FINANCIAL INST_4

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details 1) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Loans held for sale	$ 698
Fair Value, Inputs, Level 1 [Member]
Loans held for sale	0	$ 0
Fair Value, Inputs, Level 2 [Member]
Loans held for sale	0	0
Fair Value, Inputs, Level 3 [Member]
Loans held for sale	$ 698	$ 0

FAIR VALUES OF FINANCIAL INST_5

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details 2) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Financial assets:
Cash and cash equivalents, Carrying Amount	$ 24,203	$ 28,462	$ 31,019	$ 28,425
Certificates of deposit, Carrying Amount	100	100
FHLB stock, Carrying Amount	5,466	5,937
Loans held for sale, Carrying Amount	698	0
Loans, net, Carrying Amount	720,050	686,302
Accrued interest receivable, Carrying Amount	2,308	2,140
Forward loan sale commitments, Carrying Amount	5
Derivative loan commitments, Carrying Amount	5
Cash and cash equivalents, Fair Value	24,203	28,462
Certificates of deposit, Fair Value	100	100
Securities available for sale, Fair Value	67,651	66,486
FHLB stock, Fair Value	5,466	5,937
Loans held for sale, Fair Value	698
Loans, net, Fair Value	708,181	694,614
Accrued interest receivable, Fair Value	2,308	2,140
Forward loan sale commitments,Fair Value	5
Derivative loan commitments, Fair Value	5
Financial liabilities:
Deposits, Carrying Amount	670,503	616,742
Short-term borrowings, Carrying Amount	27,500	38,000
Long-term debt, Carrying Amount	62,357	77,174
Subordinated debt, Carrying Amount	9,825	9,802
Accrued interest payable, Carrying Amount	441	286
Deposits, Fair Value	668,912	615,653
Short-term borrowings, Fair Value	27,500	38,000
Long-term debt, Fair Value	61,619	76,906
Subordinated debt, Fair Value	9,668	9,598
Accrued interest payable, Fair Value	441	286
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents, Fair Value	24,203	28,462
Certificates of deposit, Fair Value	100	100
Securities available for sale, Fair Value	0	0
FHLB stock, Fair Value	0	0
Loans held for sale, Fair Value	0	0
Loans, net, Fair Value	0	0
Accrued interest receivable, Fair Value	0	0
Forward loan sale commitments,Fair Value	0
Derivative loan commitments, Fair Value	0
Financial liabilities:
Deposits, Fair Value	0	0
Short-term borrowings, Fair Value	0	0
Long-term debt, Fair Value	0	0
Subordinated debt, Fair Value	0	0
Accrued interest payable, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents, Fair Value	0	0
Certificates of deposit, Fair Value	0	0
Securities available for sale, Fair Value	67,651	66,486
FHLB stock, Fair Value	0	0
Loans held for sale, Fair Value	0	0
Loans, net, Fair Value	0	0
Accrued interest receivable, Fair Value	0	0
Forward loan sale commitments,Fair Value	0
Derivative loan commitments, Fair Value	0
Financial liabilities:
Deposits, Fair Value	0	0
Short-term borrowings, Fair Value	27,500	38,000
Long-term debt, Fair Value	61,619	76,906
Subordinated debt, Fair Value	0	0
Accrued interest payable, Fair Value	0	0
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and cash equivalents, Fair Value	0	0
Certificates of deposit, Fair Value	0	0
Securities available for sale, Fair Value	0	0
FHLB stock, Fair Value	5,466	5,937
Loans held for sale, Fair Value	698	0
Loans, net, Fair Value	708,181	694,614
Accrued interest receivable, Fair Value	2,308	2,140
Forward loan sale commitments,Fair Value	5
Derivative loan commitments, Fair Value	5
Financial liabilities:
Deposits, Fair Value	668,912	615,653
Short-term borrowings, Fair Value	0	0
Long-term debt, Fair Value	0	0
Subordinated debt, Fair Value	9,668	9,598
Accrued interest payable, Fair Value	$ 441	$ 286

EMPLOYEE STOCK OWNERSHIP PLAN_2

EMPLOYEE STOCK OWNERSHIP PLAN (Details) - shares	Sep. 30, 2018	Sep. 30, 2017
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Allocated	62,039
Committed to be allocated	9,629	9,629
Unallocated	105,915
Total	177,583

EMPLOYEE STOCK OWNERSHIP PLAN_3

EMPLOYEE STOCK OWNERSHIP PLAN (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan ESOP Percent Of Shares Authorized To Be Purchased			7.00%
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			$ 3,600
Employee Stock Ownership Plan (ESOP), Shares in ESOP	177,583		177,583
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 109	$ 86	$ 307	$ 260

EQUITY INCENTIVE PLANS (Details

EQUITY INCENTIVE PLANS (Details) - 2012 Equity Incentive Plan [Member] $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)$ / sharesshares
Options
Outstanding at beginning of period | shares	212
Exercised | shares	(19)
Forfeited | shares	0
Outstanding at end of period | shares	193
Options exercisable at end of period | shares	175
Weighted Average Exercise Price
Outstanding at beginning of period | $ / shares	$ 16.05
Exercised | $ / shares	15.35
Forfeited | $ / shares	0
Outstanding at end of period | $ / shares	16.11
Options exercisable at end of period | $ / shares	$ 15.29
Weighted Average Remaining Contractual Term
Outstanding at end of period	4 years 5 months 23 days
Options exercisable at end of period	4 years 3 months 29 days
Aggregate intrinsic value
Outstanding | $	$ 3,497
Options exercisable at end of period | $	$ 3,144

EQUITY INCENTIVE PLANS (Detai_2

EQUITY INCENTIVE PLANS (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense for non-vested stock options	$ 41		$ 41
Unrecognized compensation expense, recognition period			1 year 3 months 18 days
Compensation expense for stock award plan	97	$ 121	$ 285	$ 334
Recognize tax Benefit	27	45	80	134
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense for non-vested stock options	556		$ 556
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense, recognition period			2 years 11 months 26 days
Recognize tax Benefit		10		28
Share base compensation expenses applicable to stock option plan	$ 9	$ 54	$ 28	$ 159
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, options granted	231,894		231,894
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			20.00%
2016 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, options granted	75,000		75,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	34,000		34,000

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income applicable to common stock	$ 1,557	$ 1,166	$ 4,414	$ 2,984
Average number of common shares issued	2,516,000	2,490,000	2,509,000	2,488,000
Less: Average unallocated ESOP shares	(108,000)	(120,000)	(111,000)	(124,000)
Average number of common shares outstanding used to calculate basic earnings per common share	2,408,091	2,370,623	2,398,671	2,364,449
Effect of dilutive stock options	103,000	84,000	101,000	85,000
Average number of common shares outstanding used to calculate diluted earnings per share	2,511,241	2,454,198	2,499,093	2,448,558
Earnings per common share:
Basic	$ 0.65	$ 0.49	$ 1.84	$ 1.26
Diluted	$ 0.62	$ 0.48	$ 1.77	$ 1.22