Wellesley Bancorp 10-K 29 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 15, 2019	Jun. 30, 2018
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Entity Registrant Name	Wellesley Bancorp, Inc.
Entity Central Index Key	0001526952
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 59,801,900
Trading Symbol	WEBK
Entity Common Stock, Shares Outstanding		2,535,812
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	true

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 7,678	$ 4,604
Short-term investments	34,972	23,858
Total cash and cash equivalents	42,650	28,462
Certificates of deposit	100	100
Securities available for sale, at fair value	66,770	66,486
Federal Home Loan Bank of Boston stock, at cost	4,747	5,937
Loans	743,770	692,455
Less allowance for loan losses	(6,738)	(6,153)
Loans, net	737,032	686,302
Bank-owned life insurance	7,769	7,535
Premises and equipment, net	3,924	3,470
Accrued interest receivable	2,288	2,140
Net deferred tax asset	2,804	2,352
Other assets	3,336	2,611
Total assets	871,420	805,395
Deposits:
Noninterest-bearing	116,926	104,346
Interest-bearing	601,005	512,396
Total deposits	717,931	616,742
Short-term borrowings	15,000	38,000
Long-term debt	58,528	77,174
Subordinated debentures	9,832	9,802
Accrued expenses and other liabilities	4,999	4,432
Total liabilities	806,290	746,150
Commitments and contingencies (Notes 7, 13 and 14)
Stockholders' equity:
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value; 14,000,000 shares authorized, 2,525,611 and 2,506,532 shares issued and outstanding in 2018 and 2017, respectively	25	25
Additional paid-in capital	26,462	25,601
Retained earnings	40,203	34,736
Accumulated other comprehensive income (loss)	(533)	39
Unearned compensation - ESOP	(1,027)	(1,156)
Total stockholders' equity	65,130	59,245
Total liabilities and stockholders' equity	$ 871,420	$ 805,395

Consolidated Balance Sheets _Pa

Consolidated Balance Sheets [Parenthetical] - $ / shares	Dec. 31, 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	2,525,611	2,506,532
Common Stock, Shares, Outstanding	2,525,611	2,506,532

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Interest and dividend income:
Interest and fees on loans and loans held for sale	$ 31,028	$ 26,251
Interest on debt securities:
Taxable	1,441	1,338
Tax-exempt	327	305
Interest on short-term investments and certificates of deposit	509	220
Dividends on FHLB stock	333	252
Total interest and dividend income	33,638	28,366
Interest expense:
Deposits	6,442	3,581
Short-term borrowings	580	293
Long-term debt	1,256	1,182
Subordinated debentures	631	632
Total interest expense	8,909	5,688
Net interest income	24,729	22,678
Provision for loan losses	585	735
Net interest income, after provision for loan losses	24,144	21,943
Noninterest income:
Customer service fees	176	149
Mortgage banking activities	99	113
Income on bank-owned life insurance	234	232
Wealth management fees	1,616	1,257
Miscellaneous	461	236
Total noninterest income	2,586	1,987
Noninterest expenses:
Salaries and employee benefits	10,842	10,094
Occupancy and equipment	3,004	2,785
Data processing	990	892
FDIC insurance	626	609
Professional fees	766	761
Advertising and marketing	323	384
Other general and administrative	2,012	1,656
Total noninterest expenses	18,563	17,181
Income before income taxes	8,167	6,749
Provision for income taxes	2,176	3,564
Net income	5,991	3,185
Other comprehensive income (loss):
Net unrealized gains (losses) on available-for-sale securities	(776)	418
Income tax (provision) benefit	197	(150)
Total other comprehensive income (loss), net of tax	(579)	268
Comprehensive income	$ 5,412	$ 3,453
Earnings per common share:
Basic	$ 2.49	$ 1.34
Diluted	$ 2.40	$ 1.30
Weighted average shares outstanding:
Basic	2,404,371	2,369,466
Diluted	2,502,784	2,454,580

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	3,453	$ 0	0	3,185	268	0
Dividends paid to common stockholders	(448)	0	0	(448)	0	0
Share-based compensation - equity incentive plan	614	0	614	0	0	0
Restricted stock awards granted	0	$ 0	0	0	0	0
Restricted stock awards granted (in shares)		15,000
Stock options exercised	157	$ 0	157	0	0	0
Stock options exercised (in shares)		10,100
Common stock repurchased in connection with restricted stock awards	(93)	$ 0	(93)	0	0	0
Common stock repurchased in connection with restricted stock awards (in shares)		(3,420)
ESOP shares committed to be allocated	348	$ 0	220	0	0	128
Balance at Dec. 31, 2017	59,245	$ 25	25,601	34,736	39	(1,156)
Balance (in shares) at Dec. 31, 2017		2,506,532
Comprehensive income	5,412	$ 0	0	5,991	(579)	0
Reclassification related to Tax Cuts and Jobs Act (Note 12)	0			(7)	7
Dividends paid to common stockholders	(517)	0	0	(517)	0	0
Share-based compensation - equity incentive plan	379	0	379	0	0	0
Restricted stock awards granted	0	$ 0	0	0	0	0
Restricted stock awards granted (in shares)		3,000
Restricted stock forfeitures	0	$ 0	0	0	0	0
Restricted stock forfeitures (in shares)		(400)
Stock options exercised	292	$ 0	292	0	0	0
Stock options exercised (in shares)		19,054
Common stock repurchased in connection with restricted stock awards	(87)	$ 0	(87)	0	0	0
Common stock repurchased in connection with restricted stock awards (in shares)		(2,575)
ESOP shares committed to be allocated	406	$ 0	277	0	0	129
Balance at Dec. 31, 2018	$ 65,130	$ 25	$ 26,462	$ 40,203	$ (533)	$ (1,027)
Balance (in shares) at Dec. 31, 2018		2,525,611

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity [Parenthetical] - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Dividends paid to common stockholders, per share	$ 0.215	$ 0.19
ESOP shares committed to be allocated, Shares	12,838	12,838

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 5,991	$ 3,185
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	585	735
Depreciation and amortization	767	746
Net amortization of securities premiums and discounts	143	237
Principal balance of loans sold	8,544	11,747
Loans originated for sale	(8,544)	(10,293)
Accretion of net deferred loan fees	(611)	(570)
Income on bank-owned life insurance	(234)	(232)
Amortization of subordinated debt issuance costs	30	33
Deferred income tax provision (benefit)	(255)	240
ESOP expense	406	348
Share-based compensation	379	614
Net change in other assets and liabilities	(348)	1,264
Net cash provided by operating activities	6,853	8,054
Cash flows from investing activities:
Maturities, prepayments and calls	11,710	5,415
Purchases	(12,914)	(7,072)
Redemption (purchase) of Federal Home Loan Bank stock	1,190	(179)
Loan originations, net of principal payments	(50,704)	(110,336)
Additions to premises and equipment	(1,241)	(344)
Proceeds from sale of premises and equipment	63	47
Net cash used by investing activities	(51,896)	(112,469)
Cash flows from financing activities:
Net increase in deposits	101,189	93,932
Proceeds from issuance of long-term debt	36,000	39,000
Repayments of long-term debt	(54,646)	(44,846)
(Decrease) increase in short-term borrowings	(23,000)	16,750
Stock options exercised	292	157
Common stock repurchased	(87)	(93)
Cash dividends paid	(517)	(448)
Net cash provided by financing activities	59,231	104,452
Net change in cash and cash equivalents	14,188	37
Cash and cash equivalents at beginning of year	28,462	28,425
Cash and cash equivalents at end of year	42,650	28,462
Supplementary information:
Interest paid	8,709	5,250
Income taxes paid	$ 2,782	$ 2,820

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation and consolidation The consolidated financial statements include the accounts of the Wellesley Bancorp, Inc. ( the “Company” ) and its wholly-owned subsidiary, Wellesley Bank (the “Bank”), the principal operating entity, and its wholly-owned subsidiaries: Wellesley Securities Corporation, which engages in the business of buying, selling and dealing in securities exclusively on its own behalf; Wellesley Investment Partners, LLC, formed to provide investment management services for individuals, not-for-profit entities and businesses; and Central Linden, LLC, formed to hold, manage and sell foreclosed real estate. All significant intercompany balances and transactions have been eliminated in consolidation. Assets under management at Wellesley Investment Partners, LLC are not included in these consolidated financial statements because they are not assets of the Company. Business and operating segments The Company provides a variety of financial services to individuals, non-profit organizations, small businesses and other entities within eastern Massachusetts. Its primary deposit products are checking, savings, money market deposits, and term certificate accounts and its primary lending products are residential and commercial real estate loans, construction loans, commercial loans, and consumer loans. Management evaluates the Company’s performance and allocates resources based on a single segment concept. Use of estimates In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for loan losses. Significant group concentrations of credit risk Most of the Company’s lending activities are with customers located within the New England region of the country. The Company does not have any significant concentrations to any one industry or customer. Cash equivalents Cash equivalents include amounts due from banks and short-term investments with original maturities of three months or less, primarily balances held at the Federal Reserve Bank of Boston. The Company maintains cash balances in excess of federally insured limits. Certificates of deposit Certificates of deposit are carried at cost, which approximates fair value. Fair value hierarchy The Company groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted market prices in active exchange markets for identical assets and liabilities. Valuations are obtained from readily available pricing sources. Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Valuations are obtained from readily available pricing sources. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. Level 3 assets and liabilities include those whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as those for which the determination of fair value requires significant management judgment or estimation. Securities available for sale Securities classified as available for sale are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income/loss. Purchase premiums and discounts are amortized to earnings by methods which do not differ materially from the interest method. Discounts and non-callable security premiums are amortized over contractual lives of the securities. Callable security premiums are amortized over the earlier of the contractual lives or the earliest call date of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Each reporting period, the Company evaluates all securities with a fair value below amortized cost to determine whether other-than-temporary impairment (“OTTI”) exists. OTTI is required to be recognized if (1) the Company intends to sell the security; (2) it is “more likely than not” that the Company will be required to sell the security before recovery of its amortized cost basis; or (3) for debt securities, the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. For all impaired debt securities that the Company intends to sell, or more likely than not will be required to sell, the full amount of the depreciation is recognized as OTTI through earnings. Credit-related OTTI for all other impaired debt securities is recognized through earnings. Non-credit related OTTI for such debt securities is recognized in other comprehensive income, net of applicable taxes. Federal Home Loan Bank stock The Bank, as a member of the Federal Home Loan Bank (“FHLB”) of Boston, is required to maintain an investment in capital stock of the FHLB. Based on redemption provisions of the FHLB, the stock has no quoted market value and is carried at cost. At its discretion, the FHLB may declare dividends on the stock. The Bank reviews for impairment based on the ultimate recoverability of the cost basis in the FHLB stock. As of December 31, 2018 and 2017, no impairment has been recognized. Loans held for sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Loans The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in its primary market areas in eastern Massachusetts. The ability of the Company’s debtors to honor their contracts is dependent upon the economy in general and the real estate and construction economic sectors within our markets. Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred loan origination fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Interest is generally not accrued on loans which are identified as impaired or loans which are ninety days or more past due. Past due status is based on the contractual terms of the loan. Interest income previously accrued on such loans is reversed against current period interest income. Interest income on non-accrual loans is recognized only to the extent of interest payments received and is first applied to the outstanding principal balance when collectibility of principal is in doubt. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured through sustained payment performance for at least six months. Allowance for loan losses The allowance for loan losses is established through a provision for loan losses charged to earnings as losses are estimated to occur. Loan losses are charged against the allowance when management believes the uncollectibility of the loan balance is confirmed. Subsequent recoveries are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components. General component The general component is based on the following loan segments: residential real estate, commercial real estate, construction, commercial, home equity lines of credit and other consumer. Management considers a rolling average of historical losses for each segment based on a time frame appropriate to capture relevant loss data for each loan segment, generally 3 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 of 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 sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions. Residential construction loans in this segment also include loans to build one-to-four family owner-occupied properties, which are subject to the same credit quality factors as residential real estate. Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, may have an adverse effect on the credit quality in this segment. Home equity lines of credit – Loans in this segment are collateralized by one-to-four family residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, may have an effect on the credit quality of this segment. Other consumer – Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the fair value of the loan or, if the loan is collateral dependent, by the fair value of the collateral, less estimated costs to sell. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify performing individual residential and consumer loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”). All TDRs are initially classified as impaired. Unallocated component An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. Premises and equipment Land is carried at cost. Buildings, leasehold improvements and equipment are stated at cost, less accumulated depreciation and amortization computed on the straight-line method over the estimated useful lives of the assets or the expected terms of the leases, if shorter. Expected terms include lease option periods to the extent that the exercise of such options is reasonably assured. Bank-owned life insurance Bank-owned life insurance policies are reflected on the consolidated balance sheets at cash surrender value. Changes in cash surrender value are reflected in noninterest income, and are not subject to income taxes. Transfers of financial assets Transfers of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company; (2) the transferee obtains the right to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets. During the normal course of business, the Company may transfer a portion of a financial asset, for example, a participation loan. In order to be eligible for sales treatment, the transfer of the portion of the loan must meet the criteria of a participating interest. If it does not meet criteria of a participating interest, the transfer must be accounted for as a secured borrowing. In order to meet criteria for a participating interest, all cash flows from the loan must be divided proportionately, the rights of each loan holder must have the same priority, the loan holders must have no recourse to the transferor other than standard representations and warranties and no loan holder has the right to pledge or exchange the entire loan. Derivative financial instruments Derivative financial instruments are recognized as assets and liabilities on the consolidated balance sheets and measured at fair value. Derivative Loan Commitments Mortgage loan commitments are referred to as derivative loan commitments if the loan that will result from exercise of the commitment will be held for sale upon funding. Loan commitments that are derivatives are recognized at fair value, including servicing values, on the consolidated balance sheet in other assets and other liabilities with changes in their fair values recorded in miscellaneous income. Fair values of the loan commitments are recognized based on changes in the fair value of the underlying mortgage due to interest rate changes, changes in the probability the derivative loan commitment will be exercised, and the passage of time. In estimating fair value, the Company assigns a probability to a loan commitment based on the expectation that it will be exercised and the loan will be funded. Forward Loan Sale Commitments To protect against the price risk inherent in derivative loan commitments, the Company utilizes “best efforts” forward loan sale commitments to mitigate the risk of potential decreases in the values of loans that would result from the exercise of the derivative loan commitments. Forward loan sale commitments are recognized at fair value on the consolidated balance sheet in other assets and other liabilities with changes in their fair values recorded in miscellaneous income. Fair values for forward loan sale commitments are based on changes in the fair values of the underlying loans. Interest Rate Swap Agreements The Company has entered into financial instruments in the normal course of business to manage exposure to fluctuations in interest rates for its commercial customers. Instruments related to commercial loan swaps are considered derivatives. These derivatives are recognized on the consolidated balance sheet in other Advertising costs Advertising costs are expensed as incurred. Income taxes Deferred tax assets and liabilities relate to temporary differences between the book and tax bases of certain assets and liabilities, and are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. A valuation allowance is established against deferred tax assets when, based upon the available evidence including historical and projected taxable income, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company does not have any uncertain tax positions at December 31, 2018 or 2017 which require accrual or disclosure. The Company records interest and penalties as part of income tax expense. No interest or penalties were recorded for the years ended December 31, 2018 and 2017. Share-based compensation plans The Company measures and recognizes compensation cost relating to share-based payment transactions based on the grant date fair value of the equity instruments issued. Share-based compensation is recognized over the period the employee is required to provide services for the award. Reductions in compensation expense associated with forfeited options are estimated at the date of grant, and this estimated forfeiture rate is adjusted annually based on actual forfeiture experience. The Company uses the Black-Scholes option-pricing model to determine the fair value of stock options granted. Employee stock ownership plan Compensation expense for the Employee Stock Ownership Plan (“ESOP”) is recorded at an amount equal to the shares allocated by the ESOP multiplied by the average fair market value of the shares during the period. The Company recognizes compensation expense ratably over the year based on the number of shares expected to be allocated by the ESOP. Unearned compensation applicable to the ESOP is reflected as a reduction of stockholders’ equity in the consolidated balance sheet. The difference between the average fair market value and the cost of the shares allocated by the ESOP is recorded as an adjustment to stockholders’ equity. Comprehensive income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the stockholders’ equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income (loss). The components of accumulated other comprehensive income (loss) and related tax effects are as follows: December 31, 2018 2017 (In thousands) Net unrealized gains (losses) on securities available for sale $ (732 ) $ 44 Tax effect 199 2 Net-of- tax amount (533 ) 46 Stranded effect of tax rate change (Note 12) — (7 ) $ (533 ) $ 39 Earnings per share Basic earnings per share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. Under the Company’s 2012 and 2016 Equity Incentive Plans, stock awards contain non-forfeitable dividend rights. Accordingly, these shares are considered outstanding for computation of basic earnings per share. Potential common shares that may be issued by the Company relate to outstanding stock options determined using the treasury stock method. Earnings per common share have been computed based on the following: Years Ended December 31, 2018 2017 (In thousands, except per share data) Net income applicable to common stock $ 5,991 $ 3,185 Average number of common shares issued 2,513 2,491 Less: Average unallocated ESOP shares (109 ) (122 ) Average number of common shares outstanding used to calculate basic earnings per common share 2,404 2,369 Effect of dilutive stock options 99 86 Average number of common shares outstanding used to calculate diluted earnings per common share 2,503 2,455 Earnings per common share: Basic $ 2.49 $ 1.34 Diluted $ 2.40 $ 1.30 There were no anti-dilutive options that were excluded from the computation of diluted earnings per share for the years ended December 31, 2018 and 2017. Anti-dilutive shares are common stock equivalents with exercise prices in excess of the average market value of the Company’s stock for the periods presented. Recent accounting 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. The adoption of this update did not have an impact on the Company’s consolidated financial statements. Effective January 1, 2018, the Company adopted FASB ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities, which addresses 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 an 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 an 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. In 2018, the Company adopted 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. The adoption of this update did not have a significant impact on the consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842 In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), 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 within those fiscal years. The Company has implemented a committee led by the Company’s Chief Financial Officer, which included the Chief Lending Officer, to assist in identifying, implementing and evaluating the impact of the required changes to the loan loss estimation model and processes. The Company has evaluated the portfolio segments and various methodologies and is currently evaluating potential loss modeling processes as well as related controls and procedures. Management will continue to closely monitor developments and additional guidance to determine the potential impact on the Company's consolidated financial statements.

RESTRICTIONS ON CASH AND AMOUNT

RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS	12 Months Ended
	Dec. 31, 2018
Restricted Cash and Investments [Abstract]
Restricted Cash And Cash Equivalents [Text Block]	2. RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS The Bank is required to maintain average balances on hand or with the Federal Reserve Bank. The reserve balance amounted to $5.1 million and $3.0 million at December 31, 2018 and 2017, respectively.

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS	12 Months Ended
	Dec. 31, 2018
Short-term Investments [Abstract]
Short Term Investments [Text Block]	3. SHORT-TERM INVESTMENTS Short-term investments are comprised of the following: December 31, 2018 2017 (In thousands) Federal Reserve Bank deposits $ 29,856 $ 22,292 Federal Home Loan Bank deposits 263 27 Money market accounts 4,853 1,539 $ 34,972 $ 23,858

CERTIFICATES OF DEPOSIT

CERTIFICATES OF DEPOSIT	12 Months Ended
	Dec. 31, 2018
Certificate Of Deposit [Abstract]
Other Assets Disclosure [Text Block]	4. CERTIFICATES OF DEPOSIT Certificates of deposit held by the Bank amounted to $100 thousand, mature within one year and have a weighted average rate of 2.48% at December 31, 2018 and 1.48% at December 31, 2017.

SECURITIES AVAILABLE FOR SALE

SECURITIES AVAILABLE FOR SALE	12 Months Ended
	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	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) December 31, 2018 Residential mortgage-backed securities: Government National Mortgage Association $ 3,846 $ 44 $ (43 ) $ 3,847 Government-sponsored enterprises 11,382 29 (188 ) 11,223 SBA and other asset-backed securities 11,720 64 (157 ) 11,627 State and municipal bonds 12,908 111 (111 ) 12,908 Government-sponsored enterprise obligations 8,000 — (187 ) 7,813 Corporate bonds 18,151 28 (322 ) 17,857 U.S. Treasury bonds 1,495 — — 1,495 $ 67,502 $ 276 $ (1,008 ) $ 66,770 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 bonds 1,241 — — 1,241 $ 66,442 $ 506 $ (462 ) $ 66,486 For the years ended December 31, 2018 and 2017 there were no sales of securities. The amortized cost and fair value of debt securities by contractual maturity at December 31, 2018 are as follows below. Expected maturities may differ from contractual maturities because the issuers, in certain instances, have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value (In thousands) Within 1 year $ 2,495 $ 2,495 After 1 year to 5 years 22,409 21,919 After 5 years to 10 years 7,675 7,685 After 10 years 7,975 7,974 40,554 40,073 Mortgage- and asset-backed securities 26,948 26,697 $ 67,502 $ 66,770 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 Twelve Months or Greater Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value (In thousands) December 31, 2018 Residential mortgage-backed securities: Government National Mortgage Association $ — $ — $ (43 ) $ 1,755 Government-sponsored enterprises (1 ) 103 (187 ) 7,880 SBA and other asset-backed securities — — (157 ) 5,455 State and municipal bonds (2 ) 386 (109 ) 6,257 Government-sponsored enterprise obligations — — (187 ) 7,813 Corporate bonds (29 ) 5,705 (293 ) 11,124 $ (32 ) $ 6,194 $ (976 ) $ 40,284 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 December 31, 2018, various debt securities have unrealized losses with aggregate depreciation of 2.1% 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 to 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 December 31, 2018.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2018
Notes and Loans Payable, Current [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	6. LOANS AND ALLOWANCE FOR LOAN LOSSES A summary of the balances of loans is as follows: December 31, 2018 2017 (In thousands) Real estate loans: Residential – fixed $ 64,218 $ 31,433 Residential – variable 318,292 297,593 Commercial 148,006 138,784 Construction 106,723 120,004 637,239 587,814 Commercial loans: Secured 61,563 62,333 Unsecured 5,327 5,638 66,890 67,971 Consumer loans: Home equity lines of credit 39,486 36,378 Other 163 214 39,649 36,592 Total loans 743,778 692,377 Less: Allowance for loan losses (6,738 ) (6,153 ) Net deferred origination costs (fees) (8 ) 78 Loans, net $ 737,032 $ 686,302 The Company has transferred a portion of its originated residential and commercial real estate loans to participating lenders. The amounts transferred have been accounted for as sales and are therefore not included in the Company’s accompanying consolidated balance sheets. The Company and participating lenders share ratably in any gains or losses that may result from the borrower’s lack of compliance with contractual terms of the loans. The Company continues to service the loans on behalf of the participating lenders and, as such, collects cash payments from the borrowers, remits payments (net of servicing fees) to participating lenders and disburses required escrow funds to relevant parties. At December 31, 2018 and 2017, the Company was servicing commercial real estate loans for participants aggregating $5.3 million and $4.9 million, respectively. At December 31, 2018 and 2017, the Company was servicing residential real estate loans for participants aggregating $9.5 million and $9.9 million, respectively. Whole mortgage loans sold and serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balance of mortgage loans serviced for others was $2.7 million and $3.2 million at December 31, 2018 and 2017, respectively. The Company has pledged certain residential and commercial real estate loans to secure FHLB advances and available lines of credit. (See Notes 9 and 10.) The following table summarizes the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2018 and 2017: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) Year Ended December 31, 2018 Allowance at December 31, 2017 $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Provision (credit) for loan losses 494 82 (199 ) 207 20 1 (20 ) 585 Allowance at December 31, 2018 $ 2,216 $ 1,602 $ 1,462 $ 1,124 $ 257 $ 3 $ 74 $ 6,738 Year Ended December 31, 2017 Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Provision (credit) for loan losses 300 375 (166 ) 214 37 2 (27 ) 735 Loans charged off — — — — (11 ) (3 ) — (14 ) Allowance at December 31, 2017 $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Further information pertaining to the allowance for loan losses and impaired loans at December 31, 2018 and 2017 is as follows: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) December 31, 2018 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 2,216 1,602 1,462 1,124 257 3 74 6,738 Total allowance $ 2,216 $ 1,602 $ 1,462 $ 1,124 $ 257 $ 3 $ 74 $ 6,738 Impaired loan balances $ 746 2,846 $ — $ — $ — $ — $ — $ 3,592 Non-impaired loan balances 381,764 145,160 106,723 66,890 39,486 163 — 740,186 Total loans $ 382,510 $ 148,006 $ 106,723 $ 66,890 $ 39,486 $ 163 $ — $ 743,778 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 December 31, 2018 and 2017: 30-59 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) December 31, 2018 Residential real estate $ 1,551 $ — $ — $ 1,551 $ — $ 581 Commercial real estate — — 556 556 — 556 Total $ 1,551 $ — $ 556 $ 2,107 $ — $ 1,137 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 at December 31, 2018 and 2017: December 31, 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 $ 746 $ 764 $ 172 $ 189 Commercial real estate 2,846 2,974 576 710 Total impaired loans $ 3,592 $ 3,738 $ 748 $ 899 Further information pertaining to impaired loans follows: Year Ended December 31, 2018 Year Ended December 31, 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 $ 819 $ 34 $ 28 $ 175 $ 6 $ — Commercial real estate 2,920 89 36 581 51 51 Total $ 3,739 $ 123 $ 64 $ 756 $ 57 $ 51 No additional funds are committed to be advanced in connection with impaired loans. TDRs, which are included in impaired loans, totaled $721 thousand at December 31, 2018 and $748 thousand at December 31, 2017. There was one TDR, totaling $556 thousand and $576 thousand, on non-accrual status at December 31, 2018 and 2017, respectively. There were no TDRs recorded during the year ended December 31, 2018. The following is a summary of troubled debt restructurings recorded for the year ended December 31, 2017: Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Commercial real estate 1 $ 572 $ 582 During the year ended December 31, 2017, the Company recorded a TDR for one commercial real estate loan which capitalized past-due interest over the remaining term of the loan in accordance with their bankruptcy filing. There were no TDRs that defaulted (90 days or more past due) during the years ended December 31, 2018 and 2017, and for which default was within one year of the restructure date. Credit Quality Information The Company utilizes an eleven-grade internal loan rating system for commercial real estate, construction and commercial loans. Loans rated 1-4: Loans in these categories are considered “pass” rated loans with low to average risk. Loans rated 5: Loans in this category are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management. Loans rated 6: Loans in this category are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected. Loans rated 7: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Loans rated 8: Loans in this category are considered uncollectible “loss” and of such little value that their continuance as loans is not warranted. Loans rated 9: Loans in this category are not rated and include commercial loans under $25 thousand with no other outstandings or relationships with the Company. 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: December 31, 2018 December 31, 2017 Commercial Real Estate Construction Commercial Total Commercial Real Estate Construction Commercial Total (In thousands) Loans rated 1-4 $ 144,243 $ 106,723 $ 65,245 $ 316,211 $ 134,201 $ 120,004 $ 67,087 $ 321,292 Loans rated 5 917 — 1,645 2,562 1,476 — 301 1,777 Loans rated 6 2,290 — — 2,290 2,531 — 583 3,114 Loans rated 7 556 — — 556 576 — — 576 Total $ 148,006 $ 106,723 $ 66,890 $ 321,619 $ 138,784 $ 120,004 $ 67,971 $ 326,759

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	7. PREMISES AND EQUIPMENT A summary of the cost and accumulated depreciation and amortization of premises and equipment is as follows: Estimated December 31, Useful Lives In 2018 2017 Years (In thousands) Premises: Land $ 50 $ 50 — Buildings 701 696 35-40 Leasehold improvements 3,924 3,420 5-15 Equipment 3,704 3,377 3-5 8,379 7,543 Less accumulated depreciation and amortization (4,455 ) (4,073 ) Premises and equipment, net $ 3,924 $ 3,470 Total depreciation and amortization expense for the years ended December 31, 2018 and 2017 amounted to $767 thousand and $746 thousand, respectively. Pursuant to terms of non-cancelable lease agreements in effect at December 31, 2018, future minimum rent commitments are as follows: Year Ending December 31, Amount (In thousands) 2019 $ 1,591 2020 1,596 2021 1,428 2022 977 2023 886 Thereafter 1,251 $ 7,729 The leases contain options to extend for up to ten years. The cost of such options is not included above. Total rent expense amounted to $1.4 million and $1.2 million for the years ended December 31, 2018 and 2017, respectively.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
Deposit Liabilities Disclosures [Text Block]	8. DEPOSITS A summary of deposit balances, by type, is as follows: Years Ended December 31, 2018 2017 (In thousands) Demand $ 116,926 $ 104,346 NOW 36,944 37,481 Money market 203,578 143,031 Regular and other savings 82,218 98,565 Total non-certificate accounts 439,666 383,423 Term certificates of $250 thousand and greater 106,052 84,299 Term certificates less than $250 thousand 172,213 149,020 Total term certificates 278,265 233,319 Total deposits $ 717,931 $ 616,742 Term certificates include brokered deposits amounting to $82.5 million and $65.0 million at December 31, 2018 and 2017, respectively. A summary of term certificates by maturity is as follows: December 31, 2018 December 31, 2017 Amount Weighted Average Rate Amount Weighted Average Rate (Dollars in thousands) Within 1 year $ 228,449 2.01 % $ 175,204 1.27 % Over 1 year to 2 years 43,237 2.23 43,464 1.44 Over 2 years to 3 years 2,666 1.60 12,016 1.78 Over 3 years to 4 years 3,913 2.09 2,635 1.46 $ 278,265 2.04 % $ 233,319 1.33 %

SHORT-TERM BORROWINGS AND AVAIL

SHORT-TERM BORROWINGS AND AVAILABLE LINES OF CREDIT	12 Months Ended
	Dec. 31, 2018
Short-term Debt [Abstract]
Short-term Debt [Text Block]	9. SHORT-TERM BORROWINGS AND AVAILABLE LINES OF CREDIT At December 31, 2018 and 2017, short-term borrowings consisted entirely of fixed-rate advances from the FHLB with original maturities of less than one year. The weighted average interest rate on advances outstanding at December 31, 2018 and 2017 was 2.44% and 1.53%, respectively. All borrowings from the FHLB are secured by a blanket lien on qualified collateral. (See Notes 6 and 10.) Borrowings available under an available FHLB variable-rate line of credit amounted to $1.3 million as of December 31, 2018 and 2017, respectively. No advances were outstanding under the line of credit at December 31, 2018 or 2017. At December 31, 2018 and 2017, the Company has pledged commercial real estate loans of $16.8 million and $19.8 million, respectively, to access the Federal Reserve Bank discount window. At December 31, 2018 and 2017, the available line amounted to $6.8 million and $8.9 million, respectively. No advances were outstanding at December 31, 2018 or 2017. The Company has $5.0 million of unsecured borrowing capacity with the Co-operative Central Bank, none of which was outstanding at December 31, 2018 and 2017. The Company also has a $5.0 million unsecured line of credit with a correspondent bank. No advances were outstanding at December 31, 2018 or 2017.

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2018
Long-term Debt, Unclassified [Abstract]
Long-term Debt [Text Block]	10. LONG-TERM DEBT Long-term debt, and related maturities, at December 31, 2018 and 2017 consists of fixed-rate FHLB advances, as follows: Amount Weighted Average Rates 2018 2017 2018 2017 (In thousands) 2019 $ 10,000 $ 43,500 1.60 % 1.32 % 2020 20,000 10,000 2.03 1.60 2021 8,000 12,000 2.48 1.83 2022* 1,320 11,674 1.84 0.55 2023** 19,208 — 0.91 — $ 58,528 $ 77,174 1.65 % 1.32 % *At December 31, 2018 and 2017, includes an amortizing advance amounting $1.3 million and $1.7 million, respectively, requiring monthly principal and interest of $32 thousand. ** At December 31, 2018, includes an amortizing advance amounting to $4.2 million requiring monthly principal and interest of $88 thousand. At December 31, 2018, includes a $15 million advance callable in 2019. All borrowings from the FHLB are secured by a blanket lien on qualified collateral, defined principally as 75% of the carrying value of first mortgage loans on owner-occupied residential property. (See Note 6.)

SUBORDINATED DEBT

SUBORDINATED DEBT	12 Months Ended
	Dec. 31, 2018
Subordinated Borrowings [Abstract]
Subordinated Borrowings Disclosure [Text Block]	11. SUBORDINATED DEBT On December 17, 2015, the Company closed its private offering of $10.0 million, 6.00% fixed-to-floating rate Subordinated Notes due December 30, 2025 (the “Notes”). The Notes were offered to institutional accredited investors at par. The Company is using the proceeds for general corporate purposes. Interest on the Notes is payable semi-annually in arrears on June 30 and December 30 of each year. The Company recorded issuance costs of $266 thousand, which are being amortized over the period to maturity on an effective interest method. The carrying value, net of issuance costs, totaled $9.8 million at both December 31, 2018 and 2017. These Notes bear a fixed rate of interest of 6.00% for the first five years at which time, and at any interest payment date thereafter, the Notes may be called at par at the Company’s option. Subsequent to the initial call date, the Notes bear a floating rate of interest that reprices and is payable quarterly at the 3-month LIBOR rate plus 435.5 basis points.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	12. INCOME TAXES Allocation of federal and state income taxes between current and deferred portions is as follows: Years Ended December 31, 2018 2017 (In thousands) Current tax provision: Federal $ 1,669 $ 2,608 State 762 716 2,431 3,324 Deferred tax provision (benefit): Federal (170 ) (572 ) State (85 ) (167 ) Effect of federal tax rate change — 979 (255 ) 240 Total tax provision $ 2,176 $ 3,564 The reasons for the differences between the statutory federal income tax rate and the effective tax rates are summarized as follows: Years Ended December 31, 2018 2017 Statutory tax rate 21.0 % 34.0 % Increase (decrease) resulting from: State taxes, net of federal tax benefit 6.5 5.4 Income on bank-owned life insurance (0.6 ) (1.2 ) Tax exempt bond income (1.0 ) (1.5 ) Share-based compensation — 0.3 Effect of federal tax rate change — 14.5 Other, net 0.7 1.3 Effective tax rates 26.6 % 52.8 % On December 22, 2017, the President signed into law the Tax Cuts and Jobs Act (the “Act”). The Act includes a number of changes in existing tax law impacting businesses including, among other things, a reduction in the corporate income tax rate from 34% to 21%, effective on January 1, 2018. As a result of this rate reduction, the Company revalued its net deferred tax asset as of December 22, 2017, resulting in a reduction in the value of the net deferred tax asset of $979 thousand, which was recorded as additional income tax provision in the Company’s consolidated statements of comprehensive income in 2017. The $979 thousand, in 2017, in income tax provision includes a tax provision of $7 thousand relating to the impact of the rate change on deferred tax items originally recorded through other comprehensive income. This accounting treatment effectively stranded $7 thousand of deferred tax items in accumulated other comprehensive income (“AOCI”). In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which allows a reclassification from AOCI to retained earnings to eliminate the stranded tax effects resulting from the Act. As permitted, the Company early adopted the ASU and recorded a $7 thousand decrease in retained earnings and a corresponding increase in AOCI as of January 1, 2018. The tax effects of each item that gives rise to deferred tax assets (liabilities) are as follows: December 31, 2018 2017 (In thousands) Deferred tax assets: Allowance for loan losses $ 1,894 $ 1,730 Employee benefit plans 916 847 Partnerships and other investments 5 3 Net unrealized gain/loss on securities available for sale 199 2 Other, net 17 15 3,031 2,597 Deferred tax liabilities: Depreciation and amortization (198 ) (194 ) Mortgage servicing rights (27 ) (29 ) Deferred loan fees (2 ) (22 ) (227 ) (245 ) Net deferred tax asset $ 2,804 $ 2,352 The federal income tax reserve for loan losses at the Company’s base year amounted to $820 thousand. If any portion of the reserve is used for purposes other than to absorb loan losses for which established, approximately 150% of the amount actually used (limited to the amount of the reserve) would be subject to taxation in the year in which used. As the Company intends to use the reserve only to absorb loan losses, a deferred income tax liability of $231 thousand has not been provided. The Company’s income tax returns are subject to review and examination by federal and state taxing authorities. The Company is currently open to audit under the applicable statutes of limitations by the Internal Revenue Service for the years ended December 31, 2015 through 2018. The years open to examination by state taxing authorities vary by jurisdiction; no years prior to 2015 are open.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	12 Months Ended
	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	13. DERIVATIVE INSTRUMENTS Certain derivative instruments do not meet the requirements to be accounted for as hedging instruments. These undesignated derivative instruments are recognized on the consolidated balance sheet at fair value, with changes in the fair value recorded in miscellaneous income. Derivative Loan Commitments Mortgage loan commitments are referred to as derivative loan commitments if the loan that will result from exercise of the commitment will be held for sale upon funding. The Company enters into commitments to fund residential mortgage loans at specified rates and times in the future, with the intention that these loans will subsequently be sold in the secondary market. Outstanding derivative loan commitments expose the Company to the potential for changes in the fair value of the underlying loans as interest rates change, along with the value of the loan commitment. If interest rates increase, the value of these loan commitments will decrease. Conversely, if interest rates decrease, the value of these loan commitments will increase. There were no outstanding derivative loan commitments at December 31, 2018 and 2017. Forward Loan Sale Commitments To protect against the price risk inherent in derivative loan commitments, the Company utilizes “best efforts” forward loan sale commitments to mitigate the risk of potential decreases in the values of loans that would result from the exercise of the derivative loan commitments. With a “best efforts” contract, the Company commits to deliver an individual mortgage loan of a specified principal amount and quality to an investor if the loan to the underlying borrower closes. Generally, the price the investor will pay the seller for an individual loan is specified prior to the loan being funded. The Company expects that these forward loan sale commitments will experience changes in fair value opposite to the change in fair value of derivative loan commitments. There were no undesignated forward loan sale commitments at December 31, 2018 and 2017 Interest Rate Swap Agreements The Company has entered into derivative financial instruments in the normal course of business to manage exposure to fluctuations in interest rates for its commercial customers. Typically these agreements have generally been limited to loan level interest rate swap agreements, which are entered into with borrowers and a third party. Typically, the Company enters into a floating-rate loan and a fixed-rate swap directly with a loan customer. The Company offsets the fixed-rate interest rate risk with an identical offsetting swap with a swap dealer. This is referred to as a “back-to-back” swap structure. As this structure has equal and offsetting interest rate contacts, fair value gains and losses recorded each month are offsetting. The notional amounts are amounts on which calculations, payments, and the value of the derivatives are based. Notional amounts do not represent direct credit exposures. The fair value of the derivative instruments is reflected on the Company’s consolidated balance sheet as other assets and other liabilities as appropriate. Changes in fair values are recorded in miscellaneous income in the consolidated statements of income. The table below presents the interest rate swaps outstanding at December 31, 2018 and 2017: With commercial With third-party loan borrowers financial institutions December 31, December 31, 2018 2017 2018 2017 (dollars in thousands) Notional amount $ 28,320 $ 17,251 $ 28,320 $ 17,251 Receive (pay) fixed rate (weighted average) 5.09 % 4.62 % (5.09 )% (4.62 )% Receive (pay) variable rate (weighted average) (5.06 )% (4.05 )% 5.06 % 4.05 % Weighted average remaining years 12.8 years 13.2 years 12.8 years 13.2 years Unrealized fair value gain (loss) $ 264 $ 67 $ (264 ) $ (67 )

OTHER COMMITMENTS AND CONTINGEN

OTHER COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	14. OTHER COMMITMENTS AND CONTINGENCIES Credit-related financial instruments The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit which involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the accompanying consolidated balance sheets. At December 31, 2018 and 2017, the following financial instruments were outstanding whose contract amounts represent credit risk: December 31, 2018 2017 (In thousands) Commitments to grant loans $ 9,417 $ 6,597 Unadvanced funds on home equity lines of credit 41,769 35,759 Unadvanced funds on commercial lines of credit 32,511 30,368 Unadvanced funds on construction loans 65,542 51,409 Standby letters of credit 1,427 1,176 Overdraft lines of credit 486 503 Commitments to grant loans are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for home equity and commercial lines of credit may expire without being drawn upon, therefore, the total commitment amounts do not necessarily represent future cash requirements. Home equity and certain commercial lines of credit are generally collateralized by real estate or business assets. Commitments to grant loans and unadvanced funds on construction loans are also secured by real estate. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. All letters of credit have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company collateralizes those commitments for which collateral is deemed necessary. Employment agreements The Company has entered into employment agreements with certain executives for periods up to three years. The agreements generally provide for specified minimum levels of annual compensation and benefits. In addition, the agreements provide for specified lump sum payments and the continuation of benefits upon certain events of termination, as defined, including a change in control of the Company. Contingencies Various legal claims arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the consolidated financial position of the Company.

MINIMUM REGULATORY CAPITAL REQU

MINIMUM REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2018
Banking and Thrift [Abstract]
Regulatory Capital Requirements under Banking Regulations [Text Block]	15. MINIMUM REGULATORY CAPITAL REQUIREMENTS The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Federal banking regulations require a minimum ratio of common equity Tier 1 capital to risk-weighted assets of 4.5%, a minimum ratio of Tier 1 capital to risk-weighted assets of 6%, a minimum ratio of total capital to risk-weighted assets of 8% and a minimum leverage ratio of 4% for all banking organizations. Additionally, community banking institutions must maintain a capital conservation buffer of common equity Tier 1 capital in an amount greater than 2.5% of total risk-weighted assets above adequately capitalized levels to avoid being subject to limitations on capital distributions and discretionary bonuses. The capital conservation buffer and certain deductions from and adjustments to regulatory capital and risk-weighted assets were phased in over several years. The required minimum conservation buffer as of December 31, 2018 is 1.875%. The conservation buffer of 2.5% was fully phased in on January 1, 2019. An institution is subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the buffer amount. These limitations establish a maximum percentage of eligible retained income that could be utilized for such actions. Management believes that the Company’s capital levels will remain characterized as “well-capitalized” throughout the phase-in periods. As of December 31, 2018, the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum Total risk-based, Common Equity Tier 1 risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since the recent notification that management believes have changed the Bank’s category. The Bank’s capital amounts and ratios as of December 31, 2018 and 2017 are presented in the following tables: Actual Minimum to be Adequately Capitalized under Prompt Corrective Action Provisions Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2018 Total capital to risk-weighted assets $ 79,222 12.3 % $ 51,474 8.0 % $ 64,342 10.0 % Common equity Tier 1 capital to risk-weighted assets 72,484 11.3 28,954 4.5 41,822 6.5 Tier 1 capital to risk-weighted assets 72,484 11.3 38,605 6.0 51,474 8.0 Tier 1 capital to average assets 72,484 8.4 34,347 4.0 42,934 5.0 December 31, 2017 Total capital to risk-weighted assets $ 71,795 11.7 % $ 49,009 8.0 % $ 61,262 10.0 % Common equity Tier 1 capital to risk-weighted assets 65,642 10.7 27,568 4.5 39,820 6.5 Tier 1 capital to risk-weighted assets 65,642 10.7 36,757 6.0 49,009 8.0 Tier 1 capital to average assets 65,642 8.4 31,382 4.0 39,228 5.0

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
Compensation and Employee Benefit Plans [Text Block]	16. EMPLOYEE BENEFIT PLANS 401(k) plan The Company has a 401(k) plan which provides for voluntary contributions by participating employees subject to IRS limitations. In 2018 and 2017, the Company matched the employee’s voluntary contribution at a level of 100% of the employee’s contributions up to the first 7% of the employee’s compensation. Total plan expense for the years ended December 31, 2018 and 2017 amounted to $338 thousand and $353 thousand, respectively. Supplemental retirement agreement The Company has entered into a supplemental retirement agreement with a current officer, which provides for payments upon attaining the retirement age specified in the agreement. The present value of these future payments is accrued over the remaining service term and at December 31, 2018 and 2017, amounted to $1.3 million and $1.1 million, respectively. Supplemental retirement benefits generally vest as they are accrued, however a termination of employment subsequent to a change in control of the Company will result in the vesting of all benefits that would have accrued to the officer’s normal retirement date. Total supplemental retirement expense for the years ended December 31, 2018 and 2017 amounted to $242 thousand and $224 thousand, respectively. Endorsement split-dollar life insurance arrangements The Company is the sole owner of life insurance policies pertaining to certain of the Company’s executives. The Company has entered into agreements with these executives whereby the Company has agreed to maintain a life insurance policy in effect during the executives’ retirement, which will pay to the executives’ estates or beneficiaries a portion of the death benefit that the Company will receive as beneficiary of such policies. Total split-dollar insurance expense totaled $2 thousand and $9 thousand for the years ended December 31, 2018 and 2017, respectively. Employee bonus program The Company has established an employee bonus program whereby approximately 10% to 20% of the Company’s consolidated income, before income taxes and incentive compensation expense, is allocated for distribution to eligible employees. Total related bonus expense for the years ended December 31, 2018 and 2017 amounted to $1.4 million and $1.2 million, respectively. Equity incentive plan Under the Company’s 2016 Equity Incentive Plan, the Company may grant restricted stock awards to its employees and directors for up to 75,000 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. During 2018, the Board of Directors granted stock awards of 3,000 to certain directors. The fair value of the stock awards, based on the market price of the stock on the grant dates, was recorded as unearned compensation, and is being amortized over the vesting period. 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 will be issued from previously authorized but unissued shares upon vesting. The fair value of the stock awards, based on the market price at the grant date, is recognized over the five-year vesting period. The Company’s 2012 Equity Incentive Plan was terminated upon approval of the 2016 Equity Incentive Plan. Stock Options A summary of option activity under the 2012 Equity Incentive Plan for the year ended December 31, 2018 is presented below: Outstanding Non-vested Shares Weighted Average Exercise Price Weighted Remaining Contractual Aggregate Intrinsic Shares Weighted (In thousands) (In years) (In thousands) (In thousands) Balance at January 1, 2018 212 $ 16.05 18 $ 4.29 Vested — — 8 4.46 Exercised (19 ) 15.35 — — Balance at December 31, 2018 193 $ 16.11 4.23 $ 2,242 10 $ 4.13 Exercisable at December 31, 2018 183 $ 15.21 3.85 $ 2,094 For the years ended December 31, 2018 and 2017, share-based compensation expense applicable to the stock options was $36 thousand and $169 thousand, respectively. There was no recognized tax benefit related to this expense for the year ended December 31, 2018. The recognized tax benefit related to this expense was $28 thousand for the year ended December 21, 2017. Unrecognized compensation expense for non-vested stock options totaled $33 thousand as of December 31, 2018, which will be recognized over the remaining vesting period of 1.25 years. Stock Awards For the years ended December 31, 2018 and 2017, respectively, 3,000 and 15,000 restricted stock awards were granted with weighted average grant date fair values of $34.00 and $27.22. The following table presents the activity in non-vested stock awards under the equity incentive plans for the year ended December 31, 2018: Number of Shares Grant-date Fair Value (In thousands) Non-vested stock awards at beginning of year 41 $ 23.20 Restricted shares granted 3 34.00 Shares vested (16 ) 23.82 Non-vested stock awards at end of year 28 $ 23.97 For the year ended December 31, 2018 and 2017, compensation expense applicable to the stock awards was $343 thousand and $445 thousand, respectively, and the recognized tax benefit related to this expense was $97 thousand and $178 thousand, respectively. Unrecognized compensation expense for non-vested restricted stock totaled $600 thousand as of December 31, 2018, which will be recognized over the remaining weighted average vesting period of 2.91 years. Employee stock ownership plan The Company maintains an Employee Stock Ownership Plan (“ESOP”) to provide eligible employees the opportunity to own Company stock. The ESOP is a tax-qualified retirement plan for the benefit of all Company employees. Contributions are allocated to eligible participants on the basis of compensation, subject to federal tax limits. The Company granted a loan to the ESOP for the purchase of shares of the Company’s common stock on the closing date of the Company’s mutual to stock conversion in 2012. As of December 31, 2018, the ESOP holds 177,899 shares or 7.0% of the common stock outstanding on that date. The loan obtained by the ESOP from the Company to purchase common stock 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 will be distributed 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. At December 31, 2018, the remaining principal balance on the ESOP debt is payable as follows: Year Ending December 31, Amount (In thousands) 2019 $ 127 2020 131 2021 135 2022 140 2023 144 Thereafter 462 $ 1,139 Shares held by the ESOP include the following: December 31, 2018 2017 Allocated 75,193 65,250 Unallocated 102,706 115,543 177,899 180,793 The fair value of unallocated shares was $2.8 million and $3.4 million at December 31, 2018 and 2017, respectively. Total compensation expense recognized in connection with the ESOP for the years ended December 31, 2018 and 2017 was $406 thousand and $348 thousand, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	17. RELATED PARTY TRANSACTIONS Information pertaining to loans to directors, executive officers and their affiliates (exclusive of loans to any such persons which in the aggregate do not exceed $60 thousand) is as follows: Years Ended December 31, 2018 2017 (In thousands) Balance at beginning of year $ 3,460 $ 3,356 Principal additions (1) 5,820 1,097 Principal reductions (2) (1,407 ) (993 ) Balance at end of year $ 7,873 $ 3,460 (1) In 2018, includes $5.7 million of loans associated with a newly appointed director during the year, which represent the outstanding loan balances at the effective date of appointment. (2) In 2018, includes amounts associated with individuals no longer considered to be an insider as of December 31, 2018. Such loans are made in the ordinary course of business at the Company’s normal credit terms, except for certain loans, which were granted with an interest rate discount of 0.50% under the Company’s Mortgage Discount Program. This program applies only to fixed- or adjustable-rate mortgage loans that are held in the Company’s portfolio. The program is offered to all full- and part-time employees of the Company and to all members of its Board of Directors. Deposits from related parties held by the Bank amounted to $7.8 million at December 31, 2018 and 2017, respectively.

RESTRICTIONS ON DIVIDENDS, LOAN

RESTRICTIONS ON DIVIDENDS, LOANS AND ADVANCES	12 Months Ended
	Dec. 31, 2018
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract]
Restrictions on Dividends, Loans and Advances [Text Block]	18. RESTRICTIONS ON DIVIDENDS, LOANS AND ADVANCES Federal and state banking regulations place certain restrictions on dividends paid and loans or advances made by the Bank to the Company. The total amount of dividends which may be paid in any calendar year cannot exceed the Bank’s net income for the current year, plus the Bank’s net income retained for the previous two years, without regulatory approval. Loans or advances are limited to 10% of the Bank’s capital stock and surplus on a secured basis.

FAIR VALUES OF ASSETS AND LIABI

FAIR VALUES OF ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2018
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Instruments Disclosure [Text Block]	19. FAIR VALUES OF ASSETS AND LIABILITIES Determination of fair value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various assets and liabilities. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the assets and liabilites. The following methods and assumptions were used by the Company in estimating fair value disclosures: Cash, cash equivalents and certificates of deposit Securities available for sale Federal Home Loan Bank stock Loans held for sale Loans, net Deposits i.e. , their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits. Short-term borrowings Long-term debt Subordinated debt Accrued interest Forward loan sale commitments and derivative loan commitments Interest rate swap agreements Off-balance sheet instruments Assets and liabilities measured at fair value on a recurring basis Assets and liabilities measured at fair value on a recurring basis at December 31, 2018 and 2017 are summarized below: Level 1 Level 2 Level 3 Total Fair Value (In thousands) December 31, 2018 Assets Securities available for sale $ — $ 66,770 $ — $ 66,770 Interest rate swap agreements — 264 — 264 $ — $ 67,034 $ — $ 67,034 Liabilites Interest rate swap agreements $ — $ 264 $ — $ 264 December 31, 2017 Assets Securities available for sale $ — $ 66,486 $ — $ 66,486 Interest rate swap agreements — 67 — 67 $ — $ 66,533 $ — $ 66,533 Liabilites Interest rate swap agreements $ — $ 67 $ — $ 67 Assets and liabilities measured at fair value on a non-recurring basis The Company may also be required, from time to time, to measure certain other assets at fair value on a non-recurring basis in accordance with generally accepted accounting principles. These adjustments to fair value usually result from application of lower-of-cost-or-market (“LOCOM”) accounting or write-downs of individual assets. There are no assets or liabilities at December 31, 2018 and 2017 measured at fair value on a non-recurring basis. 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 tables below. Certain financial instruments and all nonfinancial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein do not represent the underlying fair value of the Company. Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In thousands) December 31, 2018 Financial assets: Cash and cash equivalents $ 42,650 $ 42,650 $ — $ — $ 42,650 Certificates of deposit 100 100 — — 100 Securities available for sale 66,770 — 66,770 — 66,770 FHLB stock 4,747 — — 4,747 4,747 Loans, net 737,032 — — 732,427 732,427 Accrued interest receivable 2,288 — — 2,288 2,288 Interest rate swap agreements 264 — 264 — 264 Financial liabilities: Deposits $ 717,931 $ — $ — $ 716,685 $ 716,685 Short-term borrowings 15,000 — 15,000 — 15,000 Long-term debt 58,528 — 58,192 — 58,192 Subordinated debt 9,832 — — 9,691 9,691 Accrued interest payable 487 — — 487 487 Interest rate swap agreements 264 — 264 — 264 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 Interest rate swap agreements 67 — 67 — 67 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 Interest rate swap agreements 67 — 67 — 67

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of presentation and consolidation The consolidated financial statements include the accounts of the Wellesley Bancorp, Inc. ( the “Company” ) and its wholly-owned subsidiary, Wellesley Bank (the “Bank”), the principal operating entity, and its wholly-owned subsidiaries: Wellesley Securities Corporation, which engages in the business of buying, selling and dealing in securities exclusively on its own behalf; Wellesley Investment Partners, LLC, formed to provide investment management services for individuals, not-for-profit entities and businesses; and Central Linden, LLC, formed to hold, manage and sell foreclosed real estate. All significant intercompany balances and transactions have been eliminated in consolidation. Assets under management at Wellesley Investment Partners, LLC are not included in these consolidated financial statements because they are not assets of the Company.
Segment Reporting, Policy [Policy Text Block]	Business and operating segments The Company provides a variety of financial services to individuals, non-profit organizations, small businesses and other entities within eastern Massachusetts. Its primary deposit products are checking, savings, money market deposits, and term certificate accounts and its primary lending products are residential and commercial real estate loans, construction loans, commercial loans, and consumer loans. Management evaluates the Company’s performance and allocates resources based on a single segment concept.
Use of Estimates, Policy [Policy Text Block]	Use of estimates In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for loan losses.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Significant group concentrations of credit risk Most of the Company’s lending activities are with customers located within the New England region of the country. The Company does not have any significant concentrations to any one industry or customer.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash equivalents Cash equivalents include amounts due from banks and short-term investments with original maturities of three months or less, primarily balances held at the Federal Reserve Bank of Boston. The Company maintains cash balances in excess of federally insured limits.
Certificates Of Deposit Policy [Policy Text Block]	Certificates of deposit Certificates of deposit are carried at cost, which approximates fair value.
Fair Value Measurement, Policy [Policy Text Block]	Fair value hierarchy The Company groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted market prices in active exchange markets for identical assets and liabilities. Valuations are obtained from readily available pricing sources. Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Valuations are obtained from readily available pricing sources. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. Level 3 assets and liabilities include those whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as those for which the determination of fair value requires significant management judgment or estimation.
Marketable Securities, Policy [Policy Text Block]	Securities available for sale Securities classified as available for sale are carried at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income/loss. Purchase premiums and discounts are amortized to earnings by methods which do not differ materially from the interest method. Discounts and non-callable security premiums are amortized over contractual lives of the securities. Callable security premiums are amortized over the earlier of the contractual lives or the earliest call date of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Each reporting period, the Company evaluates all securities with a fair value below amortized cost to determine whether other-than-temporary impairment (“OTTI”) exists. OTTI is required to be recognized if (1) the Company intends to sell the security; (2) it is “more likely than not” that the Company will be required to sell the security before recovery of its amortized cost basis; or (3) for debt securities, the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. For all impaired debt securities that the Company intends to sell, or more likely than not will be required to sell, the full amount of the depreciation is recognized as OTTI through earnings. Credit-related OTTI for all other impaired debt securities is recognized through earnings. Non-credit related OTTI for such debt securities is recognized in other comprehensive income, net of applicable taxes.
Equity and Cost Method Investments, Policy [Policy Text Block]	Federal Home Loan Bank stock The Bank, as a member of the Federal Home Loan Bank (“FHLB”) of Boston, is required to maintain an investment in capital stock of the FHLB. Based on redemption provisions of the FHLB, the stock has no quoted market value and is carried at cost. At its discretion, the FHLB may declare dividends on the stock. The Bank reviews for impairment based on the ultimate recoverability of the cost basis in the FHLB stock. As of December 31, 2018 and 2017, no impairment has been recognized.
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block]	Loans held for sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income.
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block]	Loans The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in its primary market areas in eastern Massachusetts. The ability of the Company’s debtors to honor their contracts is dependent upon the economy in general and the real estate and construction economic sectors within our markets. Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred loan origination fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Interest is generally not accrued on loans which are identified as impaired or loans which are ninety days or more past due. Past due status is based on the contractual terms of the loan. Interest income previously accrued on such loans is reversed against current period interest income. Interest income on non-accrual loans is recognized only to the extent of interest payments received and is first applied to the outstanding principal balance when collectibility of principal is in doubt. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured through sustained payment performance for at least six months.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for loan losses The allowance for loan losses is established through a provision for loan losses charged to earnings as losses are estimated to occur. Loan losses are charged against the allowance when management believes the uncollectibility of the loan balance is confirmed. Subsequent recoveries are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components. General component The general component is based on the following loan segments: residential real estate, commercial real estate, construction, commercial, home equity lines of credit and other consumer. Management considers a rolling average of historical losses for each segment based on a time frame appropriate to capture relevant loss data for each loan segment, generally 3 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 of 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 sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions. Residential construction loans in this segment also include loans to build one-to-four family owner-occupied properties, which are subject to the same credit quality factors as residential real estate. Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, may have an adverse effect on the credit quality in this segment. Home equity lines of credit – Loans in this segment are collateralized by one-to-four family residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, may have an effect on the credit quality of this segment. Other consumer – Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the fair value of the loan or, if the loan is collateral dependent, by the fair value of the collateral, less estimated costs to sell. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify performing individual residential and consumer loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”). All TDRs are initially classified as impaired. Unallocated component An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and equipment Land is carried at cost. Buildings, leasehold improvements and equipment are stated at cost, less accumulated depreciation and amortization computed on the straight-line method over the estimated useful lives of the assets or the expected terms of the leases, if shorter. Expected terms include lease option periods to the extent that the exercise of such options is reasonably assured.
Bank Owned Life Insurance [Policy Text Block]	Bank-owned life insurance Bank-owned life insurance policies are reflected on the consolidated balance sheets at cash surrender value. Changes in cash surrender value are reflected in noninterest income, and are not subject to income taxes.
Transfers and Servicing of Financial Assets, Policy [Policy Text Block]	Transfers of financial assets Transfers of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company; (2) the transferee obtains the right to pledge or exchange the transferred assets; and (3) the Company does not maintain effective control over the transferred assets. During the normal course of business, the Company may transfer a portion of a financial asset, for example, a participation loan. In order to be eligible for sales treatment, the transfer of the portion of the loan must meet the criteria of a participating interest. If it does not meet criteria of a participating interest, the transfer must be accounted for as a secured borrowing. In order to meet criteria for a participating interest, all cash flows from the loan must be divided proportionately, the rights of each loan holder must have the same priority, the loan holders must have no recourse to the transferor other than standard representations and warranties and no loan holder has the right to pledge or exchange the entire loan.
Derivatives, Policy [Policy Text Block]	Derivative financial instruments Derivative financial instruments are recognized as assets and liabilities on the consolidated balance sheets and measured at fair value. Derivative Loan Commitments Mortgage loan commitments are referred to as derivative loan commitments if the loan that will result from exercise of the commitment will be held for sale upon funding. Loan commitments that are derivatives are recognized at fair value, including servicing values, on the consolidated balance sheet in other assets and other liabilities with changes in their fair values recorded in miscellaneous income. Fair values of the loan commitments are recognized based on changes in the fair value of the underlying mortgage due to interest rate changes, changes in the probability the derivative loan commitment will be exercised, and the passage of time. In estimating fair value, the Company assigns a probability to a loan commitment based on the expectation that it will be exercised and the loan will be funded. Forward Loan Sale Commitments To protect against the price risk inherent in derivative loan commitments, the Company utilizes “best efforts” forward loan sale commitments to mitigate the risk of potential decreases in the values of loans that would result from the exercise of the derivative loan commitments. Forward loan sale commitments are recognized at fair value on the consolidated balance sheet in other assets and other liabilities with changes in their fair values recorded in miscellaneous income. Fair values for forward loan sale commitments are based on changes in the fair values of the underlying loans. Interest Rate Swap Agreements The Company has entered into financial instruments in the normal course of business to manage exposure to fluctuations in interest rates for its commercial customers. Instruments related to commercial loan swaps are considered derivatives. These derivatives are recognized on the consolidated balance sheet in other
Advertising Cost, Policy, Expensed Advertising Cost [Policy Text Block]	Advertising costs Advertising costs are expensed as incurred.
Income Tax, Policy [Policy Text Block]	Income taxes Deferred tax assets and liabilities relate to temporary differences between the book and tax bases of certain assets and liabilities, and are reflected at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. A valuation allowance is established against deferred tax assets when, based upon the available evidence including historical and projected taxable income, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company does not have any uncertain tax positions at December 31, 2018 or 2017 which require accrual or disclosure. The Company records interest and penalties as part of income tax expense. No interest or penalties were recorded for the years ended December 31, 2018 and 2017.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share-based compensation plans The Company measures and recognizes compensation cost relating to share-based payment transactions based on the grant date fair value of the equity instruments issued. Share-based compensation is recognized over the period the employee is required to provide services for the award. Reductions in compensation expense associated with forfeited options are estimated at the date of grant, and this estimated forfeiture rate is adjusted annually based on actual forfeiture experience. The Company uses the Black-Scholes option-pricing model to determine the fair value of stock options granted.
Employee Stock Ownership Plan (ESOP), Policy [Policy Text Block]	Employee stock ownership plan Compensation expense for the Employee Stock Ownership Plan (“ESOP”) is recorded at an amount equal to the shares allocated by the ESOP multiplied by the average fair market value of the shares during the period. The Company recognizes compensation expense ratably over the year based on the number of shares expected to be allocated by the ESOP. Unearned compensation applicable to the ESOP is reflected as a reduction of stockholders’ equity in the consolidated balance sheet. The difference between the average fair market value and the cost of the shares allocated by the ESOP is recorded as an adjustment to stockholders’ equity.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the stockholders’ equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income (loss). The components of accumulated other comprehensive income (loss) and related tax effects are as follows: December 31, 2018 2017 (In thousands) Net unrealized gains (losses) on securities available for sale $ (732 ) $ 44 Tax effect 199 2 Net-of- tax amount (533 ) 46 Stranded effect of tax rate change (Note 12) — (7 ) $ (533 ) $ 39
Earnings Per Share, Policy [Policy Text Block]	Earnings per share Basic earnings per share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. Under the Company’s 2012 and 2016 Equity Incentive Plans, stock awards contain non-forfeitable dividend rights. Accordingly, these shares are considered outstanding for computation of basic earnings per share. Potential common shares that may be issued by the Company relate to outstanding stock options determined using the treasury stock method. Earnings per common share have been computed based on the following: Years Ended December 31, 2018 2017 (In thousands, except per share data) Net income applicable to common stock $ 5,991 $ 3,185 Average number of common shares issued 2,513 2,491 Less: Average unallocated ESOP shares (109 ) (122 ) Average number of common shares outstanding used to calculate basic earnings per common share 2,404 2,369 Effect of dilutive stock options 99 86 Average number of common shares outstanding used to calculate diluted earnings per common share 2,503 2,455 Earnings per common share: Basic $ 2.49 $ 1.34 Diluted $ 2.40 $ 1.30 There were no anti-dilutive options that were excluded from the computation of diluted earnings per share for the years ended December 31, 2018 and 2017. Anti-dilutive shares are common stock equivalents with exercise prices in excess of the average market value of the Company’s stock for the periods presented.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent accounting pronouncements Effective January 1, 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. The adoption of this update did not have an impact on the Company’s consolidated financial statements. Effective January 1, 2018, the Company adopted FASB ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities, which addresses 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 an 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 an 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. In 2018, the Company adopted 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. The adoption of this update did not have a significant impact on the consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842 In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), 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 within those fiscal years. The Company has implemented a committee led by the Company’s Chief Financial Officer, which included the Chief Lending Officer, to assist in identifying, implementing and evaluating the impact of the required changes to the loan loss estimation model and processes. The Company has evaluated the portfolio segments and various methodologies and is currently evaluating potential loss modeling processes as well as related controls and procedures. Management will continue to closely monitor developments and additional guidance to determine the potential impact on the Company's consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive income (loss) and related tax effects are as follows: December 31, 2018 2017 (In thousands) Net unrealized gains (losses) on securities available for sale $ (732 ) $ 44 Tax effect 199 2 Net-of- tax amount (533 ) 46 Stranded effect of tax rate change (Note 12) — (7 ) $ (533 ) $ 39
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Earnings per common share have been computed based on the following: Years Ended December 31, 2018 2017 (In thousands, except per share data) Net income applicable to common stock $ 5,991 $ 3,185 Average number of common shares issued 2,513 2,491 Less: Average unallocated ESOP shares (109 ) (122 ) Average number of common shares outstanding used to calculate basic earnings per common share 2,404 2,369 Effect of dilutive stock options 99 86 Average number of common shares outstanding used to calculate diluted earnings per common share 2,503 2,455 Earnings per common share: Basic $ 2.49 $ 1.34 Diluted $ 2.40 $ 1.30

SHORT-TERM INVESTMENTS (Tables)

SHORT-TERM INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Short-term Investments [Abstract]
Cash, Cash Equivalents and Investments [Table Text Block]	Short-term investments are comprised of the following: December 31, 2018 2017 (In thousands) Federal Reserve Bank deposits $ 29,856 $ 22,292 Federal Home Loan Bank deposits 263 27 Money market accounts 4,853 1,539 $ 34,972 $ 23,858

SECURITIES AVAILABLE FOR SALE (

SECURITIES AVAILABLE FOR SALE (Tables)	12 Months Ended
	Dec. 31, 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) December 31, 2018 Residential mortgage-backed securities: Government National Mortgage Association $ 3,846 $ 44 $ (43 ) $ 3,847 Government-sponsored enterprises 11,382 29 (188 ) 11,223 SBA and other asset-backed securities 11,720 64 (157 ) 11,627 State and municipal bonds 12,908 111 (111 ) 12,908 Government-sponsored enterprise obligations 8,000 — (187 ) 7,813 Corporate bonds 18,151 28 (322 ) 17,857 U.S. Treasury bonds 1,495 — — 1,495 $ 67,502 $ 276 $ (1,008 ) $ 66,770 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 bonds 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 December 31, 2018 are as follows below. Expected maturities may differ from contractual maturities because the issuers, in certain instances, have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value (In thousands) Within 1 year $ 2,495 $ 2,495 After 1 year to 5 years 22,409 21,919 After 5 years to 10 years 7,675 7,685 After 10 years 7,975 7,974 40,554 40,073 Mortgage- and asset-backed securities 26,948 26,697 $ 67,502 $ 66,770
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 Twelve Months or Greater Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value (In thousands) December 31, 2018 Residential mortgage-backed securities: Government National Mortgage Association $ — $ — $ (43 ) $ 1,755 Government-sponsored enterprises (1 ) 103 (187 ) 7,880 SBA and other asset-backed securities — — (157 ) 5,455 State and municipal bonds (2 ) 386 (109 ) 6,257 Government-sponsored enterprise obligations — — (187 ) 7,813 Corporate bonds (29 ) 5,705 (293 ) 11,124 $ (32 ) $ 6,194 $ (976 ) $ 40,284 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)	12 Months Ended
	Dec. 31, 2018
Notes and Loans Payable, Current [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	A summary of the balances of loans is as follows: December 31, 2018 2017 (In thousands) Real estate loans: Residential – fixed $ 64,218 $ 31,433 Residential – variable 318,292 297,593 Commercial 148,006 138,784 Construction 106,723 120,004 637,239 587,814 Commercial loans: Secured 61,563 62,333 Unsecured 5,327 5,638 66,890 67,971 Consumer loans: Home equity lines of credit 39,486 36,378 Other 163 214 39,649 36,592 Total loans 743,778 692,377 Less: Allowance for loan losses (6,738 ) (6,153 ) Net deferred origination costs (fees) (8 ) 78 Loans, net $ 737,032 $ 686,302
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]	The following table summarizes the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2018 and 2017: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) Year Ended December 31, 2018 Allowance at December 31, 2017 $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Provision (credit) for loan losses 494 82 (199 ) 207 20 1 (20 ) 585 Allowance at December 31, 2018 $ 2,216 $ 1,602 $ 1,462 $ 1,124 $ 257 $ 3 $ 74 $ 6,738 Year Ended December 31, 2017 Allowance at December 31, 2016 $ 1,422 $ 1,145 $ 1,827 $ 703 $ 211 $ 3 $ 121 $ 5,432 Provision (credit) for loan losses 300 375 (166 ) 214 37 2 (27 ) 735 Loans charged off — — — — (11 ) (3 ) — (14 ) Allowance at December 31, 2017 $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Further information pertaining to the allowance for loan losses and impaired loans at December 31, 2018 and 2017 is as follows: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) December 31, 2018 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 2,216 1,602 1,462 1,124 257 3 74 6,738 Total allowance $ 2,216 $ 1,602 $ 1,462 $ 1,124 $ 257 $ 3 $ 74 $ 6,738 Impaired loan balances $ 746 2,846 $ — $ — $ — $ — $ — $ 3,592 Non-impaired loan balances 381,764 145,160 106,723 66,890 39,486 163 — 740,186 Total loans $ 382,510 $ 148,006 $ 106,723 $ 66,890 $ 39,486 $ 163 $ — $ 743,778 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 December 31, 2018 and 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) December 31, 2018 Residential real estate $ 1,551 $ — $ — $ 1,551 $ — $ 581 Commercial real estate — — 556 556 — 556 Total $ 1,551 $ — $ 556 $ 2,107 $ — $ 1,137 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 at December 31, 2018 and 2017: December 31, 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 $ 746 $ 764 $ 172 $ 189 Commercial real estate 2,846 2,974 576 710 Total impaired loans $ 3,592 $ 3,738 $ 748 $ 899
Impaired Financing Receivables By Class Of Loans [Table Text Block]	Further information pertaining to impaired loans follows: Year Ended December 31, 2018 Year Ended December 31, 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 $ 819 $ 34 $ 28 $ 175 $ 6 $ — Commercial real estate 2,920 89 36 581 51 51 Total $ 3,739 $ 123 $ 64 $ 756 $ 57 $ 51
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	The following is a summary of troubled debt restructurings recorded for the year ended December 31, 2017: Number of 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: December 31, 2018 December 31, 2017 Commercial Real Estate Construction Commercial Total Commercial Real Estate Construction Commercial Total (In thousands) Loans rated 1-4 $ 144,243 $ 106,723 $ 65,245 $ 316,211 $ 134,201 $ 120,004 $ 67,087 $ 321,292 Loans rated 5 917 — 1,645 2,562 1,476 — 301 1,777 Loans rated 6 2,290 — — 2,290 2,531 — 583 3,114 Loans rated 7 556 — — 556 576 — — 576 Total $ 148,006 $ 106,723 $ 66,890 $ 321,619 $ 138,784 $ 120,004 $ 67,971 $ 326,759

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	A summary of the cost and accumulated depreciation and amortization of premises and equipment is as follows: Estimated December 31, Useful Lives In 2018 2017 Years (In thousands) Premises: Land $ 50 $ 50 — Buildings 701 696 35-40 Leasehold improvements 3,924 3,420 5-15 Equipment 3,704 3,377 3-5 8,379 7,543 Less accumulated depreciation and amortization (4,455 ) (4,073 ) Premises and equipment, net $ 3,924 $ 3,470
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Pursuant to terms of non-cancelable lease agreements in effect at December 31, 2018, future minimum rent commitments are as follows: Year Ending December 31, Amount (In thousands) 2019 $ 1,591 2020 1,596 2021 1,428 2022 977 2023 886 Thereafter 1,251 $ 7,729

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2018
Deposits [Abstract]
Schedule Of Deposits By Type [Table Text Block]	A summary of deposit balances, by type, is as follows: Years Ended December 31, 2018 2017 (In thousands) Demand $ 116,926 $ 104,346 NOW 36,944 37,481 Money market 203,578 143,031 Regular and other savings 82,218 98,565 Total non-certificate accounts 439,666 383,423 Term certificates of $250 thousand and greater 106,052 84,299 Term certificates less than $250 thousand 172,213 149,020 Total term certificates 278,265 233,319 Total deposits $ 717,931 $ 616,742
Schedule Of Time Deposit Contractual Maturities [Table Text Block]	A summary of term certificates by maturity is as follows: December 31, 2018 December 31, 2017 Amount Weighted Average Rate Amount Weighted Average Rate (Dollars in thousands) Within 1 year $ 228,449 2.01 % $ 175,204 1.27 % Over 1 year to 2 years 43,237 2.23 43,464 1.44 Over 2 years to 3 years 2,666 1.60 12,016 1.78 Over 3 years to 4 years 3,913 2.09 2,635 1.46 $ 278,265 2.04 % $ 233,319 1.33 %

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2018
Long-term Debt, Unclassified [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt, and related maturities, at December 31, 2018 and 2017 consists of fixed-rate FHLB advances, as follows: Amount Weighted Average Rates 2018 2017 2018 2017 (In thousands) 2019 $ 10,000 $ 43,500 1.60 % 1.32 % 2020 20,000 10,000 2.03 1.60 2021 8,000 12,000 2.48 1.83 2022* 1,320 11,674 1.84 0.55 2023** 19,208 — 0.91 — $ 58,528 $ 77,174 1.65 % 1.32 % *At December 31, 2018 and 2017, includes an amortizing advance amounting $1.3 million and $1.7 million, respectively, requiring monthly principal and interest of $32 thousand. ** At December 31, 2018, includes an amortizing advance amounting to $4.2 million requiring monthly principal and interest of $88 thousand. At December 31, 2018, includes a $15 million advance callable in 2019.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Allocation of federal and state income taxes between current and deferred portions is as follows: Years Ended December 31, 2018 2017 (In thousands) Current tax provision: Federal $ 1,669 $ 2,608 State 762 716 2,431 3,324 Deferred tax provision (benefit): Federal (170 ) (572 ) State (85 ) (167 ) Effect of federal tax rate change — 979 (255 ) 240 Total tax provision $ 2,176 $ 3,564
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The reasons for the differences between the statutory federal income tax rate and the effective tax rates are summarized as follows: Years Ended December 31, 2018 2017 Statutory tax rate 21.0 % 34.0 % Increase (decrease) resulting from: State taxes, net of federal tax benefit 6.5 5.4 Income on bank-owned life insurance (0.6 ) (1.2 ) Tax exempt bond income (1.0 ) (1.5 ) Share-based compensation — 0.3 Effect of federal tax rate change — 14.5 Other, net 0.7 1.3 Effective tax rates 26.6 % 52.8 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The tax effects of each item that gives rise to deferred tax assets (liabilities) are as follows: December 31, 2018 2017 (In thousands) Deferred tax assets: Allowance for loan losses $ 1,894 $ 1,730 Employee benefit plans 916 847 Partnerships and other investments 5 3 Net unrealized gain/loss on securities available for sale 199 2 Other, net 17 15 3,031 2,597 Deferred tax liabilities: Depreciation and amortization (198 ) (194 ) Mortgage servicing rights (27 ) (29 ) Deferred loan fees (2 ) (22 ) (227 ) (245 ) Net deferred tax asset $ 2,804 $ 2,352

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives [Table Text Block]	The table below presents the interest rate swaps outstanding at December 31, 2018 and 2017: With commercial With third-party loan borrowers financial institutions December 31, December 31, 2018 2017 2018 2017 (dollars in thousands) Notional amount $ 28,320 $ 17,251 $ 28,320 $ 17,251 Receive (pay) fixed rate (weighted average) 5.09 % 4.62 % (5.09 )% (4.62 )% Receive (pay) variable rate (weighted average) (5.06 )% (4.05 )% 5.06 % 4.05 % Weighted average remaining years 12.8 years 13.2 years 12.8 years 13.2 years Unrealized fair value gain (loss) $ 264 $ 67 $ (264 ) $ (67 )

OTHER COMMITMENTS AND CONTING_2

OTHER COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	At December 31, 2018 and 2017, the following financial instruments were outstanding whose contract amounts represent credit risk: December 31, 2018 2017 (In thousands) Commitments to grant loans $ 9,417 $ 6,597 Unadvanced funds on home equity lines of credit 41,769 35,759 Unadvanced funds on commercial lines of credit 32,511 30,368 Unadvanced funds on construction loans 65,542 51,409 Standby letters of credit 1,427 1,176 Overdraft lines of credit 486 503

MINIMUM REGULATORY CAPITAL RE_2

MINIMUM REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2018
Banking and Thrift [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	The Bank’s capital amounts and ratios as of December 31, 2018 and 2017 are presented in the following tables: Actual Minimum to be Adequately Capitalized under Prompt Corrective Action Provisions Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) December 31, 2018 Total capital to risk-weighted assets $ 79,222 12.3 % $ 51,474 8.0 % $ 64,342 10.0 % Common equity Tier 1 capital to risk-weighted assets 72,484 11.3 28,954 4.5 41,822 6.5 Tier 1 capital to risk-weighted assets 72,484 11.3 38,605 6.0 51,474 8.0 Tier 1 capital to average assets 72,484 8.4 34,347 4.0 42,934 5.0 December 31, 2017 Total capital to risk-weighted assets $ 71,795 11.7 % $ 49,009 8.0 % $ 61,262 10.0 % Common equity Tier 1 capital to risk-weighted assets 65,642 10.7 27,568 4.5 39,820 6.5 Tier 1 capital to risk-weighted assets 65,642 10.7 36,757 6.0 49,009 8.0 Tier 1 capital to average assets 65,642 8.4 31,382 4.0 39,228 5.0

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of option activity under the 2012 Equity Incentive Plan for the year ended December 31, 2018 is presented below: Outstanding Non-vested Shares Weighted Average Exercise Price Weighted Remaining Contractual Aggregate Intrinsic Shares Weighted (In thousands) (In years) (In thousands) (In thousands) Balance at January 1, 2018 212 $ 16.05 18 $ 4.29 Vested — — 8 4.46 Exercised (19 ) 15.35 — — Balance at December 31, 2018 193 $ 16.11 4.23 $ 2,242 10 $ 4.13 Exercisable at December 31, 2018 183 $ 15.21 3.85 $ 2,094
Schedule of Nonvested Share Activity [Table Text Block]	The following table presents the activity in non-vested stock awards under the equity incentive plans for the year ended December 31, 2018: Number of Shares Grant-date Fair Value (In thousands) Non-vested stock awards at beginning of year 41 $ 23.20 Restricted shares granted 3 34.00 Shares vested (16 ) 23.82 Non-vested stock awards at end of year 28 $ 23.97
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	At December 31, 2018, the remaining principal balance on the ESOP debt is payable as follows: Year Ending December 31, Amount (In thousands) 2019 $ 127 2020 131 2021 135 2022 140 2023 144 Thereafter 462 $ 1,139
Employee Stock Ownership Plan ESOP Status Of Entity Shares Held [Table Text Block]	Shares held by the ESOP include the following: December 31, 2018 2017 Allocated 75,193 65,250 Unallocated 102,706 115,543 177,899 180,793

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	Information pertaining to loans to directors, executive officers and their affiliates (exclusive of loans to any such persons which in the aggregate do not exceed $60 thousand) is as follows: Years Ended December 31, 2018 2017 (In thousands) Balance at beginning of year $ 3,460 $ 3,356 Principal additions (1) 5,820 1,097 Principal reductions (2) (1,407 ) (993 ) Balance at end of year $ 7,873 $ 3,460

FAIR VALUES OF ASSETS AND LIA_2

FAIR VALUES OF ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2018
Financial Liabilities Fair Value Disclosure [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Assets and liabilities measured at fair value on a recurring basis at December 31, 2018 and 2017 are summarized below: Level 1 Level 2 Level 3 Total Fair Value (In thousands) December 31, 2018 Assets Securities available for sale $ — $ 66,770 $ — $ 66,770 Interest rate swap agreements — 264 — 264 $ — $ 67,034 $ — $ 67,034 Liabilites Interest rate swap agreements $ — $ 264 $ — $ 264 December 31, 2017 Assets Securities available for sale $ — $ 66,486 $ — $ 66,486 Interest rate swap agreements — 67 — 67 $ — $ 66,533 $ — $ 66,533 Liabilites Interest rate swap agreements $ — $ 67 $ — $ 67
Fair Value, by Balance Sheet Grouping [Table Text Block]	The estimated fair values, and related carrying amounts of the Company’s financial instruments are outlined in the tables below. Certain financial instruments and all nonfinancial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein do not represent the underlying fair value of the Company. Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In thousands) December 31, 2018 Financial assets: Cash and cash equivalents $ 42,650 $ 42,650 $ — $ — $ 42,650 Certificates of deposit 100 100 — — 100 Securities available for sale 66,770 — 66,770 — 66,770 FHLB stock 4,747 — — 4,747 4,747 Loans, net 737,032 — — 732,427 732,427 Accrued interest receivable 2,288 — — 2,288 2,288 Interest rate swap agreements 264 — 264 — 264 Financial liabilities: Deposits $ 717,931 $ — $ — $ 716,685 $ 716,685 Short-term borrowings 15,000 — 15,000 — 15,000 Long-term debt 58,528 — 58,192 — 58,192 Subordinated debt 9,832 — — 9,691 9,691 Accrued interest payable 487 — — 487 487 Interest rate swap agreements 264 — 264 — 264 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 Interest rate swap agreements 67 — 67 — 67 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 Interest rate swap agreements 67 — 67 — 67

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrealized gains (losses) on securities available for sale	$ (732)	$ 44
Tax effect	199	2
Net-of- tax amount	(533)	46
Stranded effect of tax rate change (Note 12)	0	(7)
After net of standard tax amount	$ (533)	$ 39

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income applicable to common stock	$ 5,991	$ 3,185
Average number of common shares issued	2,513,000	2,491,000
Less: Average unallocated ESOP shares	(109,000)	(122,000)
Average number of common shares outstanding used to calculate basic earnings per common share	2,404,371	2,369,466
Effect of dilutive stock options	99,000	86,000
Average number of common shares outstanding used to calculate diluted earnings per common share	2,502,784	2,454,580
Earnings per common share:
Basic	$ 2.49	$ 1.34
Diluted	$ 2.40	$ 1.30

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Jan. 01, 2019
Subsequent Event [Member] | Accounting Standards Update 2016-02 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Operating Lease, Right-of-Use Asset		$ 8
Operating Lease, Liability		$ 8
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan To Value Ratio	80.00%
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Time Period To Capture Relevant Loan Loss Data	10 years
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Time Period To Capture Relevant Loan Loss Data	3 years

RESTRICTIONS ON CASH AND AMOU_2

RESTRICTIONS ON CASH AND AMOUNTS DUE FROM BANKS (Details Textual) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and Securities Segregated under Federal and Other Regulations	$ 5.1	$ 3

SHORT-TERM INVESTMENTS (Details

SHORT-TERM INVESTMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Schedule of Investments [Line Items]
Interest-bearing Deposits in Banks and Other Financial Institutions	$ 34,972	$ 23,858
Federal Reserve Bank deposits [Member]
Schedule of Investments [Line Items]
Interest-bearing Deposits in Banks and Other Financial Institutions	29,856	22,292
Federal Home Loan Bank deposits [Member]
Schedule of Investments [Line Items]
Interest-bearing Deposits in Banks and Other Financial Institutions	263	27
Money market accounts [Member]
Schedule of Investments [Line Items]
Interest-bearing Deposits in Banks and Other Financial Institutions	$ 4,853	$ 1,539

CERTIFICATES OF DEPOSIT (Detail

CERTIFICATES OF DEPOSIT (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Schedule of Investments [Line Items]
Percentage Of Return On Investment	2.48%	1.48%
Certificates of Deposit, at Carrying Value	$ 100	$ 100

SECURITIES AVAILABLE FOR SALE_2

SECURITIES AVAILABLE FOR SALE (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 67,502	$ 66,442
Gross Unrealized Gains	276	506
Gross Unrealized Losses	(1,008)	(462)
Fair Value	66,770	66,486
SBA and other asset-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	11,720	11,961
Gross Unrealized Gains	64	89
Gross Unrealized Losses	(157)	(87)
Fair Value	11,627	11,963
State and municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	12,908	13,026
Gross Unrealized Gains	111	276
Gross Unrealized Losses	(111)	(15)
Fair Value	12,908	13,287
Government-sponsored enterprise obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	8,000	8,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(187)	(166)
Fair Value	7,813	7,834
Corporate bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	18,151	17,166
Gross Unrealized Gains	28	52
Gross Unrealized Losses	(322)	(57)
Fair Value	17,857	17,161
US Treasury Bond Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,495	1,241
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	1,495	1,241
Residential mortgage-backed securities [Member] | Government National Mortgage Association [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,846	3,358
Gross Unrealized Gains	44	46
Gross Unrealized Losses	(43)	(53)
Fair Value	3,847	3,351
Residential mortgage-backed securities [Member] | Government-sponsored enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	11,382	11,690
Gross Unrealized Gains	29	43
Gross Unrealized Losses	(188)	(84)
Fair Value	$ 11,223	$ 11,649

SECURITIES AVAILABLE FOR SALE_3

SECURITIES AVAILABLE FOR SALE (Details 1) $ in Thousands	Dec. 31, 2018USD ($)
Available-for-sale Securities, Debt Maturities, Amortized Cost
Within 1 year	$ 2,495
After 1 year to 5 years	22,409
After 5 years to 10 years	7,675
After 10 years	7,975
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	40,554
Mortgage- and asset-backed securities	26,948
Available-for-sale Debt Securities, Amortized Cost Basis, Total	67,502
Available-for-sale Securities, Debt Maturities, Fair Value
Within 1 year	2,495
After 1 year to 5 years	21,919
After 5 years to 10 years	7,685
After 10 years	7,974
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Fair Value Total	40,073
Mortgage- and asset-backed securities	26,697
Available-for-sale Securities, Debt Securities, Fair Value Total	$ 66,770

SECURITIES AVAILABLE FOR SALE_4

SECURITIES AVAILABLE FOR SALE (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	$ (32)	$ (75)
Less Than Twelve Months Fair Value	6,194	16,054
Over Twelve Months Gross Unrealized Losses	(976)	(387)
Over Twelve Months Fair Value	40,284	15,871
SBA and other asset-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	0	(8)
Less Than Twelve Months Fair Value	0	2,267
Over Twelve Months Gross Unrealized Losses	(157)	(79)
Over Twelve Months Fair Value	5,455	2,434
State and municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(2)	(3)
Less Than Twelve Months Fair Value	386	571
Over Twelve Months Gross Unrealized Losses	(109)	(12)
Over Twelve Months Fair Value	6,257	871
Government-sponsored enterprise obligations [Member]
Debt Securities, Available-for-sale [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	(187)	(139)
Over Twelve Months Fair Value	7,813	5,860
Corporate bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(29)	(21)
Less Than Twelve Months Fair Value	5,705	7,399
Over Twelve Months Gross Unrealized Losses	(293)	(36)
Over Twelve Months Fair Value	11,124	1,985
Residential mortgage-backed securities [Member] | Government National Mortgage Association [Member]
Debt Securities, Available-for-sale [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	(43)	(50)
Over Twelve Months Fair Value	1,755	1,611
Residential mortgage-backed securities [Member] | Government-sponsored enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(1)	(13)
Less Than Twelve Months Fair Value	103	3,578
Over Twelve Months Gross Unrealized Losses	(187)	(71)
Over Twelve Months Fair Value	$ 7,880	$ 3,110

SECURITIES AVAILABLE FOR SALE_5

SECURITIES AVAILABLE FOR SALE (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Unrealized Losses Debt Securities Aggregate Depreciation Percentage	2.10%
Proceeds from Sale of Available-for-sale Securities	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN _3

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Total loans	$ 743,778	$ 692,377
Less: Allowance for loan losses	(6,738)	(6,153)
Less: Net deferred origination costs (fees)	(8)	78
Loans, net	737,032	686,302
Commercial loan [Member]
Total loans	66,890	67,971
Consumer loan [Member]
Total loans	39,649	36,592
Commercial Real Estate [Member]
Total loans	148,006	138,784
Construction [Member]
Total loans	106,723	120,004
Secured [Member] | Commercial loan [Member]
Total loans	61,563	62,333
Unsecured [Member] | Commercial loan [Member]
Total loans	5,327	5,638
Home equity lines of credit [Member]
Total loans	39,486	36,378
Home equity lines of credit [Member] | Consumer loan [Member]
Total loans	39,486	36,378
Other Consumer [Member]
Total loans	163	214
Other Consumer [Member] | Consumer loan [Member]
Total loans	163	214
Real estate loans [Member]
Total loans	637,239	587,814
Real estate loans [Member] | Residential - fixed [Member]
Total loans	64,218	31,433
Real estate loans [Member] | Residential - variable [Member]
Total loans	318,292	297,593
Real estate loans [Member] | Commercial Real Estate [Member]
Total loans	148,006	138,784
Real estate loans [Member] | Construction [Member]
Total loans	$ 106,723	$ 120,004

LOANS AND ALLOWANCE FOR LOAN _4

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Allowance Beginning Balance	$ 6,153	$ 5,432
Provision (credit) for loan losses	585	735
Loans charged off		(14)
Allowance Ending Balance	6,738	6,153
Commercial [Member]
Allowance Beginning Balance	917	703
Provision (credit) for loan losses	207	214
Loans charged off		0
Allowance Ending Balance	1,124	917
Residential Real Estate [Member]
Allowance Beginning Balance	1,722	1,422
Provision (credit) for loan losses	494	300
Loans charged off		0
Allowance Ending Balance	2,216	1,722
Commercial Real Estate [Member]
Allowance Beginning Balance	1,520	1,145
Provision (credit) for loan losses	82	375
Loans charged off		0
Allowance Ending Balance	1,602	1,520
Construction [Member]
Allowance Beginning Balance	1,661	1,827
Provision (credit) for loan losses	(199)	(166)
Loans charged off		0
Allowance Ending Balance	1,462	1,661
Home equity lines of credit [Member]
Allowance Beginning Balance	237	211
Provision (credit) for loan losses	20	37
Loans charged off		(11)
Allowance Ending Balance	257	237
Other Consumer [Member]
Allowance Beginning Balance	2	3
Provision (credit) for loan losses	1	2
Loans charged off		(3)
Allowance Ending Balance	3	2
Unallocated [Member]
Allowance Beginning Balance	94	121
Provision (credit) for loan losses	(20)	(27)
Loans charged off		0
Allowance Ending Balance	$ 74	$ 94

LOANS AND ALLOWANCE FOR LOAN _5

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Allowance related to impaired loans	$ 0	$ 0
Allowance related to non-impaired loans	6,738	6,153
Total allowance	6,738	6,153	$ 5,432
Impaired loan balances	3,592	748
Non-impaired loan balances	740,186	691,629
Total loans	743,778	692,377
Commercial [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	1,124	917
Total allowance	1,124	917	703
Impaired loan balances	0	0
Non-impaired loan balances	66,890	67,971
Total loans	66,890	67,971
Residential Real Estate [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	2,216	1,722
Total allowance	2,216	1,722	1,422
Impaired loan balances	746	172
Non-impaired loan balances	381,764	328,854
Total loans	382,510	329,026
Commercial Real Estate [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	1,602	1,520
Total allowance	1,602	1,520	1,145
Impaired loan balances	2,846	576
Non-impaired loan balances	145,160	138,208
Total loans	148,006	138,784
Construction [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	1,462	1,661
Total allowance	1,462	1,661	1,827
Impaired loan balances	0	0
Non-impaired loan balances	106,723	120,004
Total loans	106,723	120,004
Home equity lines of credit [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	257	237
Total allowance	257	237	211
Impaired loan balances	0	0
Non-impaired loan balances	39,486	36,378
Total loans	39,486	36,378
Other Consumer [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	3	2
Total allowance	3	2	3
Impaired loan balances	0	0
Non-impaired loan balances	163	214
Total loans	163	214
Unallocated [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	74	94
Total allowance	74	94	$ 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	Dec. 31, 2018	Dec. 31, 2017
Total Past Due	$ 2,107	$ 1,239
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	1,137	576
Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	1,551	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	556	576
Residential Real Estate [Member]
Total Past Due	1,551	663
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	581	0
Residential Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	1,551	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	0	0
Commercial Real Estate [Member]
Total Past Due	556	576
Past Due 90 Days or More and Still Accruing	0	0
Non-accrual Loans	556	576
Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	0	0
Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	0	0
Commercial Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	$ 556	$ 576

LOANS AND ALLOWANCE FOR LOAN _7

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Total impaired loans Recorded Investment	$ 3,592	$ 748
Total impaired loans Unpaid Principal Balance	3,738	899
Residential Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	746	172
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	764	189
Commercial Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	2,846	576
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	$ 2,974	$ 710

LOANS AND ALLOWANCE FOR LOAN _8

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Average Recorded Investment	$ 3,739	$ 756
Interest Income Recognized	123	57
Interest Income Recognized on Cash Basis	64	51
Residential real estate [Member]
Average Recorded Investment	819	175
Interest Income Recognized	34	6
Interest Income Recognized on Cash Basis	28	0
Commercial real estate [Member]
Average Recorded Investment	2,920	581
Interest Income Recognized	89	51
Interest Income Recognized on Cash Basis	$ 36	$ 51

LOANS AND ALLOWANCE FOR LOAN _9

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 6) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)Number
Number of Contracts | Number	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	Dec. 31, 2018	Dec. 31, 2017
Loans	$ 321,619	$ 326,759
Loans rated 1-4 [Member]
Loans	316,211	321,292
Loans rated 5 [Member]
Loans	2,562	1,777
Loans rated 6 [Member]
Loans	2,290	3,114
Loans rated 7 [Member]
Loans	556	576
Commercial Real Estate [Member]
Loans	148,006	138,784
Commercial Real Estate [Member] | Loans rated 1-4 [Member]
Loans	144,243	134,201
Commercial Real Estate [Member] | Loans rated 5 [Member]
Loans	917	1,476
Commercial Real Estate [Member] | Loans rated 6 [Member]
Loans	2,290	2,531
Commercial Real Estate [Member] | Loans rated 7 [Member]
Loans	556	576
Construction [Member]
Loans	106,723	120,004
Construction [Member] | Loans rated 1-4 [Member]
Loans	106,723	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	66,890	67,971
Commercial [Member] | Loans rated 1-4 [Member]
Loans	65,245	67,087
Commercial [Member] | Loans rated 5 [Member]
Loans	1,645	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	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable, Gross	$ 743,778	$ 692,377
Financing Receivable, Modifications, Recorded Investment		748
Servicing Asset	5,300	4,900
Impaired Financing Receivable, Unpaid Principal Balance	3,738	899
Troubled Debt Restructuring [Member]
Financing Receivable, Modifications, Recorded Investment	721
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	556	576
Commercial Loan [Member]
Loans and Leases Receivable, Gross	66,890	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
Participants [Member] | Residential Real Estate [Member]
Impaired Financing Receivable, Unpaid Principal Balance	$ 9,500	9,900
Others [Member] | Residential Real Estate [Member]
Impaired Financing Receivable, Unpaid Principal Balance	$ 2,700	$ 3,200

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Land	$ 50	$ 50
Buildings	701	696
Leasehold improvements	3,924	3,420
Equipment	3,704	3,377
Property, Plant and Equipment, Gross, Total	8,379	7,543
Less accumulated depreciation and amortization	(4,455)	(4,073)
Premises and equipment, net	$ 3,924	$ 3,470
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	0 years
Buildings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	35 years
Buildings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	40 years
Leasehold improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	5 years
Leasehold improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	15 years
Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	3 years
Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Lives	5 years

PREMISES AND EQUIPMENT (Detai_2

PREMISES AND EQUIPMENT (Details 1) $ in Thousands	Dec. 31, 2018USD ($)
Schedule of Operating Leases [Line Items]
2019	$ 1,591
2020	1,596
2021	1,428
2022	977
2023	886
Thereafter	1,251
Operating Leases, Future Minimum Payments Due, Total	$ 7,729

PREMISES AND EQUIPMENT (Detai_3

PREMISES AND EQUIPMENT (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization, Nonproduction	$ 767	$ 746
Operating Leases, Rent Expense, Net	$ 1,400	$ 1,200

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deposits By Type [Line Items]
Demand	$ 116,926	$ 104,346
NOW	36,944	37,481
Money market	203,578	143,031
Regular and other savings	82,218	98,565
Total non-certificate accounts	439,666	383,423
Term certificates of $250 thousand and greater	106,052	84,299
Term certificates less than $250 thousand	172,213	149,020
Total term certificates	278,265	233,319
Total deposits	$ 717,931	$ 616,742

DEPOSITS (Details 1)

DEPOSITS (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Amount
Within 1 year	$ 228,449	$ 175,204
Over 1 year to 2 years	43,237	43,464
Over 2 years to 3 years	2,666	12,016
Over 3 years to 4 years	3,913	2,635
Total term certificates	$ 278,265	$ 233,319
Weighted Average Rate
Within 1 year	2.01%	1.27%
Over 1 year to 2 years	2.23%	1.44%
Over 2 years to 3 years	1.60%	1.78%
Over 3 years to 4 years	2.09%	1.46%
Time Deposits Weighted Average Interest Rate	2.04%	1.33%

DEPOSITS (Details Textual)

DEPOSITS (Details Textual) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Deposits [Member]
Time Deposits [Line Items]
Deposits Received for Securities Loaned, at Carrying Value	$ 82.5	$ 65

SHORT-TERM BORROWINGS AND AVA_2

SHORT-TERM BORROWINGS AND AVAILABLE LINES OF CREDIT (Details Textual) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Short-term Debt [Line Items]
Secured borrowing, weighted average interest rate	2.44%	1.53%
Commercial real estate loans pledged to access federal reserve bank discount window	$ 16,800,000	$ 19,800,000
Co-operative Central Bank [Member]
Short-term Debt [Line Items]
Unsecured line of credit, outstanding	0	0
Debt Instrument, Unused Borrowing Capacity, Amount	5,000,000	5,000,000
Federal Reserve Bank Advances [Member]
Short-term Debt [Line Items]
Borrowings available under line of credit	1,300,000	1,300,000
Line of Credit [Member]
Short-term Debt [Line Items]
Borrowings available under line of credit	5,000,000	5,000,000
Federal Reserve Discount Window [Member]
Short-term Debt [Line Items]
Unsecured line of credit, outstanding	$ 6,800,000	$ 8,900,000

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($) $ in Thousands		Dec. 31, 2018	Dec. 31, 2017
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount		$ 58,528	$ 77,174
Weighted Average Rate		1.65%	1.32%
FHLB Maturity Year, 2019 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount		$ 10,000	$ 43,500
Weighted Average Rate		1.60%	1.32%
FHLB Maturity Year, 2020 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount		$ 20,000	$ 10,000
Weighted Average Rate		2.03%	1.60%
FHLB Maturity Year, 2021 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount		$ 8,000	$ 12,000
Weighted Average Rate		2.48%	1.83%
FHLB Maturity Year, 2022 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount	[1]	$ 1,320	$ 11,674
Weighted Average Rate	[1]	1.84%	0.55%
FHLB Maturity Year, 2023 [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Advances from Federal Home Loan Banks, Amount	[2]	$ 19,208	$ 0
Weighted Average Rate	[2]	0.91%	8212.00%
[1]	At December 31, 2018 and 2017, includes an amortizing advance amounting $1.3 million and $1.7 million, respectively, requiring monthly principal and interest of $32 thousand.
[2]	At December 31, 2018, includes an amortizing advance amounting to $4.2 million requiring monthly principal and interest of $88 thousand. At December 31, 2018, includes $15 million advance callable in 2019.

LONG-TERM DEBT (Details Textual

LONG-TERM DEBT (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Percentage of carry value of first mortgage loan on owners occupied property	75.00%
Federal Home Loan Bank Maturity Date Four [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment	$ 32	$ 32
Amortization of Advances from Federal Home Loan Banks	1,300	$ 1,700
Federal Home Loan Bank Maturity Date Five [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment	88
Amortization of Advances from Federal Home Loan Banks	4,200
Amortization of Advances from Federal Home Loan Banks	$ 15,000

SUBORDINATED DEBT (Details Text

SUBORDINATED DEBT (Details Textual) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 17, 2015	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Subordinated Long-term Debt, Noncurrent		$ 9,691	$ 9,598
Subordinated Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 10,000
Debt Instrument, Interest Rate, Stated Percentage	6.00%	6.00%
Debt Instrument, Maturity Date	Dec. 30, 2025
Subordinated Long-term Debt, Noncurrent		$ 9,800	$ 9,800
Unamortized Debt Issuance Expense		$ 266
Debt Instrument, Interest Rate Terms		3-month LIBOR rate plus 435.5 basis points

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Current tax provision:
Federal	$ 1,669	$ 2,608
State	762	716
Current Income Tax Expense (Benefit), Total	2,431	3,324
Deferred tax provision (benefit):
Federal	(170)	(572)
State	(85)	(167)
Effect of federal tax rate change	0	979
Deferred Income Tax Expense (Benefit), Total	(255)	240
Total tax provision	$ 2,176	$ 3,564

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Reconciliation Of Effective Income Tax Rate [Line Items]
Statutory tax rate	21.00%	34.00%
Increase (decrease) resulting from:
State taxes, net of federal tax benefit	6.50%	5.40%
Income on bank-owned life insurance	(0.60%)	(1.20%)
Tax exempt bond income	(1.00%)	(1.50%)
Share-based compensation	0.00%	0.30%
Effect of federal tax rate change	0.00%	14.50%
Other, net	0.70%	1.30%
Effective tax rates	26.60%	52.80%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Allowance for loan losses	$ 1,894	$ 1,730
Employee benefit plans	916	847
Partnerships and other investments	5	3
Net unrealized gain/loss on securities available for sale	199	2
Other, net	17	15
Deferred Tax Assets, Net of Valuation Allowance, Total	3,031	2,597
Deferred tax liabilities:
Depreciation and amortization	(198)	(194)
Mortgage servicing rights	(27)	(29)
Deferred loan fees	(2)	(22)
Deferred Tax Liabilities, Net, Total	(227)	(245)
Net deferred tax asset	$ 2,804	$ 2,352

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2018
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Provision for Loan Losses	$ 1,894	$ 1,730
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	34.00%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	$ 0	$ 979
Available for sale Securities Change In Tax Rate	$ 0	$ 7
Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets			$ 7
Scenario, Plan [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Earliest Year Open To Audit [Member]
Years open to audit	2015
Latest Year Open To Audit [Member]
Years open to audit	2018
Domestic Tax Authority [Member]
Deferred Tax Liability Not Recognized Temporary Difference Percentage Taxable If Certain Events Occur	150.00%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Provision for Loan Losses	$ 820
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Policyholders' Surplus	$ 231

DERIVATIVE INSTRUMENTS (Details

DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Commercial Borrower [Member]
Notional amount	$ 28,320	$ 17,251
Receive(pay) fixed rate (weighted average)	5.09%	4.62%
Receive (pay) variable rate (weighted average)	(5.06%)	(4.05%)
Weighted average remaining years	12 years 9 months 18 days	13 years 2 months 12 days
Unrealized fair value gain (loss)	$ 264	$ 67
Third Party Financial Institutions [Member]
Notional amount	$ 28,320	$ 17,251
Receive(pay) fixed rate (weighted average)	(5.09%)	(4.62%)
Receive (pay) variable rate (weighted average)	5.06%	4.05%
Weighted average remaining years	12 years 9 months 18 days	13 years 2 months 12 days
Unrealized fair value gain (loss)	$ (264)	$ (67)

OTHER COMMITMENTS AND CONTING_3

OTHER COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Unadvanced funds on construction loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	$ 65,542	$ 51,409
Standby letters of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	1,427	1,176
Unadvanced funds on commercial lines of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	32,511	30,368
Unadvanced funds on home equity lines of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	41,769	35,759
Overdraft lines of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	486	503
Commitments to grant loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments with off-balance-sheet risk	$ 9,417	$ 6,597

MINIMUM REGULATORY CAPITAL RE_3

MINIMUM REGULATORY CAPITAL REQUIREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Total Capital to Risk-Weighted Assets, Actual Amount	$ 79,222	$ 71,795
Total Capital to Risk-Weighted Assets, Actual Ratio	12.30%	11.70%
Total Capital to Risk-Weighted Assets, Minimum Capital Requirements Amount	$ 51,474	$ 49,009
Total Capital to Risk-Weighted Assets, Minimum Capital Requirements Ratio	8.00%	8.00%
Total Capital to Risk-Weighted Assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 64,342	$ 61,262
Total Capital to Risk-Weighted Assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Common Equity Tier 1 Capital to Risk-Weighted Assets Actual Amount	$ 72,484	$ 65,642
Common Equity Tier 1 Capital to Risk-Weighted Assets Actual Ratio	11.30%	10.70%
Common Equity Tier 1 Capital to Risk-Weighted Assets Minimum Capital Requirements	$ 28,954	$ 27,568
Common Equity Tier 1 Capital to Risk-Weighted Assets Minimum Capital Requirements Ratio	4.50%	4.50%
Common Equity Tier 1 Capital to Risk-Weighted Assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions	$ 41,822	$ 39,820
Common Equity Tier 1 Capital to Risk-Weighted Assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier I Capital to Risk-Weighted Assets, Actual Amount	$ 72,484	$ 65,642
Tier I Capital to Risk-Weighted Assets, Actual Ratio	11.30%	10.70%
Tier I Capital to Risk-weighted Assets, Minimum Capital Requirements Amount	$ 38,605	$ 36,757
Tier I Capital to Risk-weighted Assets, Minimum Capital Requirements Ratio	6.00%	6.00%
Tier I Capital to Risk-Weighted Assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 51,474	$ 49,009
Tier I Capital to Risk-Weighted Assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Tier I Capital to average assets, Actual Amount	$ 72,484	$ 65,642
Tier I Capital to average assets, Actual Ratio	8.40%	8.40%
Tier I Capital to average assets, Minimum Capital Requirements Amount	$ 34,347	$ 31,382
Tier I Capital to average assets, Minimum Capital Requirements Ratio	4.00%	4.00%
Tier I Capital to average assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 42,934	$ 39,228
Tier I Capital to average assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

MINIMUM REGULATORY CAPITAL RE_4

MINIMUM REGULATORY CAPITAL REQUIREMENTS (Details Textual)	Jan. 01, 2019	Dec. 31, 2018	Dec. 31, 2017
Tier One Risk Based Capital to Risk Weighted Assets		11.30%	10.70%
Tier One Leverage Capital to Average Assets		8.40%	8.40%
Required Capital Conservation buffer Rate		2.50%
Subsequent Event [Member]
Required Capital Conservation buffer Rate	1.875%
Maximum [Member]
Tier One Risk Based Capital to Risk Weighted Assets		6.00%
Tier One Leverage Capital to Average Assets		8.00%
Minimum [Member]
Tier One Leverage Capital to Average Assets		4.00%
Common Stock [Member]
Tier One Risk Based Capital to Risk Weighted Assets		4.50%
Tier 1 capital One [Member] | Common Stock [Member]
Tier One Risk Based Capital to Risk Weighted Assets	2.50%

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - Employee Stock Option [Member] $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares
Shares
Outstanding at beginning of period | shares	212
Vested | shares	0
Exercised | shares	(19)
Outstanding at end of period | shares	193
Exercisable at end of year | shares	183
Weighted Average Exercise Price
Outstanding at beginning of period | $ / shares	$ 16.05
Vested | $ / shares	0
Exercised | $ / shares	15.35
Outstanding at end of period | $ / shares	16.11
Exercisable at end of year | $ / shares	$ 15.21
Weighted Average Remaining Contractual Term
Outstanding at end of year	4 years 2 months 23 days
Exercisable at end of year	3 years 10 months 6 days
Aggregate Intrinsic value:
Outstanding at end of year | $	$ 2,242
Exercisable at end of year | $	$ 2,094
Shares, Non-vested
Outstanding at beginning of period | shares	18
Vested | shares	8
Exercised | shares	0
Outstanding at end of period | shares	10
Weighted Average Grant Date Fair value, Non-vested
Outstanding at beginning of period | $ / shares	$ 4.29
Vested | $ / shares	4.46
Exercised | $ / shares	0
Outstanding at end of period | $ / shares	$ 4.13

EMPLOYEE BENEFIT PLANS (Detai_2

EMPLOYEE BENEFIT PLANS (Details 1) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Number of Shares
Outstanding at beginning of period	41,000
Restricted shares granted	3,000	15,000
Shares vested	(16,000)
Outstanding at end of period	28,000	41,000
Grant-date Fair Value
Outstanding at beginning of period	$ 23.20
Restricted shares granted	34
Shares vested	23.82
Outstanding at end of period	$ 23.97	$ 23.20

EMPLOYEE BENEFIT PLANS (Detai_3

EMPLOYEE BENEFIT PLANS (Details 2) $ in Thousands	Dec. 31, 2018USD ($)
2019	$ 127
2020	131
2021	135
2022	140
2023	144
Thereafter	462
Employee Stock Ownership Plan (ESOP), Debt Structure, Indirect Loan, Amount	$ 1,139

EMPLOYEE BENEFIT PLANS (Detai_4

EMPLOYEE BENEFIT PLANS (Details 3) - shares	Dec. 31, 2018	Dec. 31, 2017
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Allocated	75,193	65,250
Unallocated	102,706	115,543
Employee Stock Ownership Plan (ESOP), Shares in ESOP	177,899	180,793

EMPLOYEE BENEFIT PLANS (Detai_5

EMPLOYEE BENEFIT PLANS (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 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	$ 2,800	$ 3,400
Employee Stock Ownership Plan (ESOP), Shares in ESOP	177,899	180,793
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 406	$ 348
Defined Contribution Plan Employer Contribution Maximum	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay		7.00%
Defined Contribution Plan, Cost	$ 338	$ 353
Defined Benefit Plan, Other Cost (Credit)	2	9
Incentive Compensation Expenses	1,400	1,200
Stock or Unit Option Plan Expense	36	169
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense		28
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 33
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 3 months
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	75,000
Employee Stock Option [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 600
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 10 months 28 days
Stock Award [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Stock or Unit Option Plan Expense	$ 343	445
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 97	$ 178
Restricted Stock [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	3,000	15,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 34	$ 27.22
Minimum [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Percentage Of Income Before Income Taxes And Certain Compensation Available For Profit Sharing Plan	10.00%
Maximum [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Percentage Of Income Before Income Taxes And Certain Compensation Available For Profit Sharing Plan	20.00%
2012 Equity Incentive Plan [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	231,894
Equity Incentive Plan 2016 [Member] | Restricted Stock [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	3,000
Supplemental Employee Retirement Plan [Member]
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Total	$ 1,300	$ 1,100
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 242	$ 224

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017
Balance at beginning of year		$ 3,460	$ 3,356
Principal additions	[1]	5,820	1,097
Principal payments	[2]	(1,407)	(993)
Balance at end of year		$ 7,873	$ 3,460
[1]	(1) In 2018, includes $5.7 million of loans associated with a newly appointed director during the year, which represent the outstanding loan balances at the effective date of appointment.
[2]	(2) In 2018, includes amounts associated with individuals no longer considered to be an insider as of December 31, 2018.

RELATED PARTY TRANSACTIONS (D_2

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable, Related Parties	$ 7,873	$ 3,460	$ 3,356
Related Party Transaction, Rate	0.50%
Related Party Deposit Liabilities	$ 7,800	$ 7,800
Director [Member]
Loans and Leases Receivable, Related Parties	5,700
Maximum [Member]
Loans and Leases Receivable, Related Parties	$ 60

RESTRICTIONS ON DIVIDENDS, LO_2

RESTRICTIONS ON DIVIDENDS, LOANS AND ADVANCES (Details Textual)	Dec. 31, 2018
Federal Home Loan Bank Advances As Percentage Of Total Assets	10.00%

FAIR VALUES OF ASSETS AND LIA_3

FAIR VALUES OF ASSETS AND LIABILITIES (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 67,034	$ 66,533
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	264	67
Total liabilities	264	67
Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	66,770	66,486
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Fair Value, Inputs, Level 1 [Member] | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	67,034	66,533
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	264	67
Total liabilities	264	67
Fair Value, Inputs, Level 2 [Member] | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	66,770	66,486
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities	0	0
Fair Value, Inputs, Level 3 [Member] | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 0	$ 0

FAIR VALUES OF ASSETS AND LIA_4

FAIR VALUES OF ASSETS AND LIABILITIES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financial assets:
Cash and cash equivalents	$ 42,650	$ 28,462
Certificates of deposit	100	100
Securities available for sale	66,770	66,486
FHLB stock	4,747	5,937
Loans, net	732,427	694,614
Accrued interest receivable	2,288	2,140
Interest rate swap agreements	264	67
Financial liabilities:
Deposits	716,685	615,653
Short-term borrowings	15,000	38,000
Long-term debt	58,192	76,906
Subordinated debt	9,691	9,598
Accrued interest payable	487	286
Interest rate swap agreements	264	67
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	42,650	28,462
Certificates of deposit	100	100
Securities available for sale	0	0
FHLB stock	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Interest rate swap agreements	0	0
Financial liabilities:
Deposits	0	0
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated debt	0	0
Accrued interest payable	0	0
Interest rate swap agreements	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents	0	0
Certificates of deposit	0	0
Securities available for sale	66,770	66,486
FHLB stock	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Interest rate swap agreements	264	67
Financial liabilities:
Deposits	0	0
Short-term borrowings	15,000	38,000
Long-term debt	58,192	76,906
Subordinated debt	0	0
Accrued interest payable	0	0
Interest rate swap agreements	264	67
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and cash equivalents	0	0
Certificates of deposit	0	0
Securities available for sale	0	0
FHLB stock	4,747	5,937
Loans, net	732,427	694,614
Accrued interest receivable	2,288	2,140
Interest rate swap agreements	0	0
Financial liabilities:
Deposits	716,685	615,653
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated debt	9,691	9,598
Accrued interest payable	487	286
Interest rate swap agreements	0	0
Reported Carrying Amount Measurement [Member]
Financial assets:
Cash and cash equivalents	42,650	28,462
Certificates of deposit	100	100
Securities available for sale	66,770	66,486
FHLB stock	4,747	5,937
Loans, net	737,032	686,302
Accrued interest receivable	2,288	2,140
Interest rate swap agreements	264	67
Financial liabilities:
Deposits	717,931	616,742
Short-term borrowings	15,000	38,000
Long-term debt	58,528	77,174
Subordinated debt	9,832	9,802
Accrued interest payable	487	286
Interest rate swap agreements	$ 264	$ 67