Wellesley Bancorp 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 30, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	Wellesley Bancorp, Inc.
Entity Central Index Key	0001526952
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	WEBK
Entity Common Stock, Shares Outstanding		2,550,538
Entity Emerging Growth Company	false
Entity Small Business	true

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 7,767	$ 7,678
Short-term investments	28,554	34,972
Total cash and cash equivalents	36,321	42,650
Certificates of deposit	100	100
Securities available for sale, at fair value	64,023	66,770
Federal Home Loan Bank of Boston stock, at cost	3,842	4,747
Loans	785,511	743,770
Less allowance for loan losses	(6,978)	(6,738)
Loans, net	778,533	737,032
Bank-owned life insurance	7,827	7,769
Operating lease, right-of-use asset	7,606	0
Premises and equipment, net	3,853	3,924
Accrued interest receivable	2,745	2,288
Net deferred tax asset	2,493	2,804
Other assets	4,753	3,336
Total assets	912,096	871,420
Deposits:
Non-interest-bearing	126,974	116,926
Interest-bearing	623,949	601,005
Total deposits	750,923	717,931
Short-term borrowings	18,000	15,000
Long-term borrowings	53,197	58,528
Subordinated debt	9,840	9,832
Lease liability	7,626	0
Accrued expenses and other liabilities	5,329	4,999
Total liabilities	844,915	806,290
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value; 14,000,000 shares authorized, 2,537,644 and 2,525,611 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	25	25
Additional paid-in capital	26,676	26,462
Retained earnings	41,365	40,203
Accumulated other comprehensive income (loss)	110	(533)
Unearned compensation - ESOP	(995)	(1,027)
Total stockholders' equity	67,181	65,130
Total liabilities and stockholders' equity	$ 912,096	$ 871,420

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Mar. 31, 2019	Dec. 31, 2018
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	2,537,644	2,525,611
Common Stock, Shares, Outstanding	2,537,644	2,525,611

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest and dividend income:
Interest and fees on loans and loans held for sale	$ 8,727	$ 7,227
Interest on debt securities:
Taxable	378	341
Tax-exempt	82	82
Interest on short-term investments and certificates of deposit	164	113
Dividends on FHLB stock	79	76
Total interest and dividend income	9,430	7,839
Interest expense:
Deposits	2,489	1,193
Short-term borrowings	110	123
Long-term debt	243	343
Subordinated debentures	157	158
Total interest expense	2,999	1,817
Net interest income	6,431	6,022
Provision for loan losses	240	65
Net interest income, after provision for loan losses	6,191	5,957
Non-interest income:
Customer service fees	39	43
Mortgage banking activities	28	9
Income on bank-owned life insurance	58	57
Wealth management fees	434	384
Miscellaneous	123	85
Total non-interest income	682	578
Non-interest expenses:
Salaries and employee benefits	3,040	2,721
Occupancy and equipment	804	718
Data processing	297	234
FDIC insurance	135	168
Professional fees	190	198
Advertising and marketing	79	74
Other general and administrative	550	445
Total non-interest expenses	5,095	4,558
Income before income taxes	1,778	1,977
Provision for income taxes	476	540
Net income	1,302	1,437
Other comprehensive income (loss):
Net unrealized gains (losses) on available-for-sale securities	858	(872)
Income tax (provision) benefit	(215)	219
Total other comprehensive income (loss), net of tax	643	(653)
Comprehensive income	$ 1,945	$ 784
Earnings per common share:
Basic	$ 0.54	$ 0.60
Diluted	$ 0.52	$ 0.58
Weighted average shares outstanding:
Basic	2,431,324	2,392,592
Diluted	2,523,907	2,485,222

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, 2017	$ 59,245	$ 25	$ 25,601	$ 34,736	$ 39	$ (1,156)
Balance (in shares) at Dec. 31, 2017		2,506,532
Comprehensive income	784	$ 0	0	1,437	(653)	0
Reclassification related to Tax Cuts and Jobs Act	0	0	0	(7)	7	0
Dividends paid to common stockholders	(127)	0	0	(127)	0	0
Share-based compensation- equity incentive plan	2,107	0	107	0	0	0
ESOP shares committed to be allocated (3,209)	94	0	61	0	0	33
Balance at Mar. 31, 2018	60,103	$ 25	25,769	36,039	(607)	(1,123)
Balance (in shares) at Mar. 31, 2018		2,506,532
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
Comprehensive income	1,945	$ 0	0	1,302	643	0
Restricted stock awards grant	0	$ 0	0	0	0	0
Restricted stock awards grant (in shares)		11,500
Stock options exercised	48	$ 0	48	0	0	0
Stock options exercised (in shares)		2,553
Restricted stock forfeitures	0	$ 0	0	0	0	0
Restricted stock forfeitures (in shares)		(2,000)
Dividends paid to common stockholders	(140)	$ 0	0	(140)	0	0
Share-based compensation- equity incentive plan	102	0	102	0	0	0
ESOP shares committed to be allocated (3,209)	96	0	64	0	0	32
Balance at Mar. 31, 2019	$ 67,181	$ 25	$ 26,676	$ 41,365	$ 110	$ (995)
Balance (in shares) at Mar. 31, 2019		2,537,664

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Parenthetical] - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Dividends paid to common stockholders, per share	$ 0.055	$ 0.05
ESOP shares committed to be allocated, Shares	3,209	3,209

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 1,302	$ 1,437
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	240	65
Depreciation and amortization	187	196
Net amortization of securities	42	41
Principal balance of loans sold	1,228	1,085
Loans originated for sale	(1,228)	(1,085)
Accretion of net deferred loan fees	(142)	(137)
Amortization of subordinated debt issuance costs	8	8
Income on bank-owned life insurance	(58)	(57)
Deferred income tax provision	96	127
ESOP expense	96	94
Share-based compensation	102	107
Net change in other assets and liabilities	(1,524)	(616)
Net cash provided by operating activities	349	1,265
Cash flows from investing activities:
Maturities, prepayments and calls	3,563	826
Purchases	0	(2,462)
Redemption of Federal Home Loan Bank stock	905	73
Net loan (originations) principal payments	(41,599)	6,865
Additions to premises and equipment	(116)	(55)
Proceeds from sale of premises and equipment	0	14
Net cash (used) provided by investing activities	(37,247)	5,261
Cash flows from financing activities:
Net increase in deposits	32,992	26,167
Proceeds from issuance of long-term debt	3,000	21,000
Repayments of long-term debt	(8,331)	(10,167)
Increase (decrease) in short-term borrowings	3,000	(20,500)
Stock options exercised	48	0
Cash dividends paid on common stock	(140)	(127)
Net cash provided by financing activities	30,569	16,373
Net change in cash and cash equivalents	(6,329)	22,899
Cash and cash equivalents at beginning period	42,650	28,462
Cash and cash equivalents at end of period	36,321	51,361
Supplementary information:
Interest paid	2,718	1,682
Income taxes paid	$ 330	$ 330

BASIS OF PRESENTATION AND CONSO

BASIS OF PRESENTATION AND CONSOLIDATION	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	NOTE 1 – BASIS OF PRESENTATION AND CONSOLIDATION The accompanying unaudited interim consolidated financial statements include the accounts of Wellesley Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Wellesley Bank (the “Bank”), the principal operating entity, and its wholly-owned subsidiaries: Wellesley Securities Corporation, which engages in the business of buying, selling and dealing in securities exclusively on its own behalf; Wellesley Investment Partners, LLC, formed to provide investment management services for individuals, not-for-profit entities and businesses; and Central Linden, LLC, to hold, manage and sell foreclosed real estate. All significant intercompany balances and transactions have been eliminated in consolidation. Assets under management at Wellesley Investment Partners, LLC are not included in these consolidated financial statements because they are not assets of the Company. These financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information, and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. The accompanying consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s 2018 Annual Report on Form 10-K. The results for the three months ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 or for any other period.

LOAN POLICIES

LOAN POLICIES	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Loan Portfolio [Text Block]	NOTE 2 – LOAN POLICIES The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in our primary market areas in eastern Massachusetts. The ability of the Company’s debtors to honor their contracts is dependent upon the economy in general and the state of real estate and construction sectors within our markets. Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred loan origination fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Interest is generally not accrued on loans which are identified as impaired or loans which are ninety days or more past due. Past due status is based on the contractual terms of the loan. Interest income previously accrued on such loans is reversed against current period interest income. Interest income on non-accrual loans is recognized only to the extent of interest payments received and is first applied to the outstanding principal balance when collectibility of principal is in doubt. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured through sustained payment performance for at least six months. Allowance for loan losses The allowance for loan losses is established through a provision for loan losses charged to earnings as losses are estimated to occur. Loan losses are charged against the allowance when management believes the uncollectibility of the loan balance is confirmed. Subsequent recoveries are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components. General component The general component is based on the following loan segments: residential real estate, commercial real estate, construction, commercial, home equity lines of credit and other consumer. Management considers a rolling average of historical losses for each segment based on a time frame appropriate to capture relevant loss data for each loan segment, generally three and 10 years. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume, concentrations and terms of loans; level of collateral protection; effects of changes in risk selection and underwriting standards; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no significant changes to the Company’s policies or methodology pertaining to the general component of the allowance during 2019 or 2018. 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 the sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions. Residential construction loans in this segment also include loans to build one-to-four family owner-occupied properties which are subject to the same credit quality factors as residential real estate. Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Home equity lines of credit – Loans in this segment are collateralized by one-to-four family residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Other consumer – Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the fair value of the loan or, if the loan is collateral dependent, by the fair value of the collateral, less estimated costs to sell. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify performing individual residential and consumer loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due, according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. Unallocated component An unallocated component is maintained to cover additional uncertainties in management’s estimation of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.

LEASE POLICY

LEASE POLICY	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	NOTE 3 – LEASE POLICY We determine if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities in our consolidated balance sheet. These operating leases provide the housing for our sales, branch locations, administration, operations, and ATMs. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities were recognized as of adoption date based on the present value of lease payments over the remaining lease term. As our leases do not provide an implicit rate, we use the Federal Home Loan Bank borrowing rates that best align with the lease term in determining the present value of lease payments. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. For operating leases, the lease expense is recognized on a straight-line basis over the lease term. The Bank has elected to adopt the lease guidance retrospectively at the beginning of 2019. The adoption did not result in any cumulative-effect adjustment to beginning retained earnings.

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME	3 Months Ended
	Mar. 31, 2019
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	NOTE 4 – COMPREHENSIVE INCOME Accounting principles generally require that recognized revenue, expenses, and gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the stockholders’ equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income/loss. The components of accumulated other comprehensive income (loss) and related tax effects are as follows: March 31, December 31, 2019 2018 (In thousands) Unrealized holding gains (losses) on securities available for sale $ 126 $ (732 ) Tax effect (16 ) 199 Net-of tax amount $ 110 $ (533 )

RECENT ACCOUNTING AND REGULATOR

RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2019
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 5 – RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS Effective January 1, 2018, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . The purpose of this ASU is to eliminate the stranded tax effects resulting from the Tax Cuts and Jobs Reform Act of 2018. Upon adoption of this update, the Company recorded a reclassification of $7 thousand to increase accumulated other comprehensive income and decrease retained earnings. Effective January 1, 2019, the Company adopted FASB ASU 2016-02, Leases (Topic 842 ), which requires a lessee to record a right-to-use asset and liability representing the obligation to make lease payments for long-term leases. Upon adoption of the ASU, the Company recorded an increase in assets of $7.8 million and an increase in liabilities of $7.8 million on the Consolidated Balance Sheets as a result of recognizing the right-of-use assets and lease liabilities. 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. Entities will now use forward-looking information to better form their credit loss estimates. 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 includes 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.

SECURITIES AVAILABLE FOR SALE

SECURITIES AVAILABLE FOR SALE	3 Months Ended
	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 6 – 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) March 31, 2019 Residential mortgage-backed securities: Government National Mortgage Association $ 3,740 $ 56 $ (31 ) $ 3,765 Government-sponsored enterprises 11,113 60 (100 ) 11,073 SBA and other asset-backed securities 11,018 93 (79 ) 11,032 State and municipal bonds 12,878 310 (5 ) 13,183 Government-sponsored enterprise obligations 8,000 — (93 ) 7,907 Corporate bonds 17,148 29 (114 ) 17,063 $ 63,897 $ 548 $ (422 ) $ 64,023 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 bills 1,495 — — 1,495 $ 67,502 $ 276 $ (1,008 ) $ 66,770 There were no sales of available-for-sale securities for the three ended March 31, 2019 and 2018. The amortized cost and fair value of debt securities by contractual maturity at March 31, 2019 are as follows: Amortized Cost Fair Value (In thousands) Within 1 year $ 2,348 $ 2,336 After 1 year to 5 years 20,563 20,448 After 5 years to 10 years 7,160 7,212 After 10 years 7,955 8,157 38,026 38,153 Mortgage- and asset-backed securities 25,871 25,870 $ 63,897 $ 64,023 Expected maturities may differ from contractual maturities because the issuer, in certain instances, has the right to call or prepay obligations with or without call or prepayment penalties. Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows: Less Than Twelve Months Over Twelve Months Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (In thousands) March 31, 2019 Residential mortgage-backed securities: Government National Mortgage Association $ — $ — $ (31 ) $ 1,738 Government-sponsored enterprises — — (100 ) 6,738 SBA and other asset-backed securities (1 ) 341 (78 ) 3,477 State and municipal bonds — — (5 ) 1,116 Government-sponsored enterprise obligations — — (93 ) 7,907 Corporate bonds (14 ) 3,984 (100 ) 11,314 $ (15 ) $ 4,325 $ (407 ) $ 32,290 Less Than Twelve Months Over Twelve Months Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair 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 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 March 31, 2019, various debt securities have unrealized losses with aggregate depreciation of 1.1% 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 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 March 31, 2019.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2019
Notes and Loans Payable, Current [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 7 – LOANS AND ALLOWANCE FOR LOAN LOSSES A summary of the ending balances of loans is as follows: March 31, December 31, 2019 2018 (In thousands) Real estate loans: Residential – fixed $ 68,273 $ 64,218 Residential – variable 312,691 318,292 Commercial 153,049 148,006 Construction 130,381 106,723 664,394 637,239 Commercial loans: Secured 75,590 61,563 Unsecured 5,219 5,327 80,809 66,890 Consumer loans: Home equity lines of credit 40,259 39,486 Other 150 163 40,409 39,649 Total loans 785,612 743,778 Less: Allowance for loan losses (6,978 ) (6,738 ) Net deferred origination costs (101 ) (8 ) Loans, net $ 778,533 $ 737,032 The following table summarizes the changes in the allowance for loan losses by portfolio segment for the three months ended March 31, 2019 and 2018: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) Three Months Ended March 31, 2019 Allowance at December 31, 2018 $ 2,216 1,602 $ 1,462 $ 1,124 $ 257 $ 3 $ 74 $ 6,738 Provision (credit) for loan losses (14 ) (241 ) 347 157 5 — (14 ) 240 Allowance at March 31, 2019 $ 2,202 $ 1,361 $ 1,809 $ 1,281 $ 262 $ 3 $ 60 $ 6,978 Three Months Ended March 31, 2018 Allowance at December 31, 2017 $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Provision (credit) for loan losses 203 25 (228 ) 78 11 1 (25 ) 65 Allowance at March 31, 2018 $ 1,925 $ 1,545 $ 1,433 $ 995 $ 248 $ 3 $ 69 $ 6,218 Further information pertaining to the allowance for loan losses is as follows: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) March 31, 2019 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 2,202 1,361 1,809 1,281 262 3 60 6,978 Total allowance $ 2,202 $ 1,361 $ 1,809 $ 1,281 $ 262 $ 3 $ 60 $ 6,978 Impaired loan balances $ 742 $ 2,773 $ — $ — $ — $ — $ — $ 3,515 Non-impaired loan balances 380,222 150,276 130,381 80,809 40,259 150 — 782,097 Total loans $ 380,964 $ 153,049 $ 130,381 $ 80,809 $ 40,259 $ 150 $ — $ 785,612 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 The following is a summary of past due and non-accrual loans at March 31, 2019 and December 31, 2018: 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) March 31, 2019 Residential real estate $ 1,214 $ 578 $ — $ 1,792 $ — $ 578 Commercial real estate — — 550 550 — 550 Consumer loans 34 — — 34 — — Total $ 1,248 $ 578 $ 550 $ 2,376 $ — $ 1,128 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 The following is a summary of impaired loans: March 31, 2019 December 31, 2018 Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance (In thousands) Impaired loans without a valuation allowance: Residential real estate $ 742 $ 759 $ 746 $ 764 Commercial real estate 2,773 2,899 2,846 2,974 Total impaired loans $ 3,515 $ 3,658 $ 3,592 $ 3,738 Further information pertaining to impaired loans follows: Three Months Ended March 31, 2019 Three Months Ended March 31, 2018 Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis (In thousands) Residential real estate $ 744 $ 6 $ 4 $ 171 $ 2 $ — Commercial real estate 2,809 33 8 570 20 20 Total $ 3,553 $ 39 $ 12 $ 741 $ 22 $ 20 No additional funds are committed to be advanced in connection with impaired loans. There were no new troubled debt restructurings recorded during the three months ended March 31, 2019 and 2018. There were no TDRs that defaulted, generally considered 90 days past due or longer, during the three months ended March 31, 2019 and 2018, and for which default was within one year of the restructure date. TDRs did not have a material impact on the allowance for loan losses for the three months ended March 31, 2019 and 2018. Credit Quality Information The Company utilizes an eleven-grade internal loan rating system for commercial real estate, construction and commercial loans. Loans rated 1-4: Loans in these categories are considered “pass” rated loans with low to average risk. Loans rated 5: Loans in this category are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management. Loans rated 6: Loans in this category are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected. Loans rated 7: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Loans rated 8: Loans in this category are considered uncollectible “loss” and of such little value that their continuance as loans is not warranted. Loans rated 9: Loans in this category only include commercial loans under $25 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: March 31, 2019 December 31, 2018 Commercial Real Estate Construction Commercial Total Commercial Real Estate Construction Commercial Total (In thousands) Loans rated 1-4 $ 149,368 $ 130,381 $ 78,939 $ 358,688 $ 144,243 $ 106,723 $ 65,245 $ 316,211 Loans rated 5 908 — 1,870 2,778 917 — 1,645 2,562 Loans rated 6 2,223 — — 2,223 2,290 — — 2,290 Loans rated 7 550 — — 550 556 — — 556 Total $ 153,049 $ 130,381 $ 80,809 $ 364,239 $ 148,006 $ 106,723 $ 66,890 $ 321,619

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	NOTE 8 - 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. The notional amount of undesignated derivative loan commitments was $1.3 million at March 31, 2019. The fair value of these commitments was an asset of $6 thousand . There were no outstanding derivative loan commitments at December 31, 2018. 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. The notional amount of undesignated forward loan sale commitments was $1.3 million at March 31, 2019. The fair value of these commitments was an asset of $3 thousand. There were no undesignated forward loan sale commitments at December 31, 2018. 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. A summary of the interest rate swaps is as follows: With commercial With third-party loan borrowers financial institutions March 31, December 31, March 31, December 31, 2019 2018 2019 2018 (dollars in thousands) Notional amount $ 36,476 $ 28,320 $ 36,476 $ 28,320 Receive (pay) fixed rate weighted average 4.49 % 5.09 % (4.49 )% (5.09 )% Receive (pay) variable rate weighted average (4.33 )% (5.06 )% 4.33 % 5.06 % Weighted average remaining years 10.8 years 12.8 years 10.8 years 12.8 years Unrealized fair value gain (loss) $ 1,105 $ 264 $ (1,105 ) $ (264 )

FAIR VALUES OF FINANCIAL INSTRU

FAIR VALUES OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2019
Financial Liabilities Fair Value Disclosure [Abstract]
Financial Instruments Disclosure [Text Block]	NOTE 9 – FAIR VALUES OF FINANCIAL INSTRUMENTS Fair value hierarchy The Company groups its assets measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 – Valuation is based on quoted market prices in active exchange markets for identical assets and liabilities. Valuations are obtained from readily available pricing sources. Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets and liabilities. Valuations are obtained from readily available pricing sources. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. Level 3 assets include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as those for which the determination of fair value requires significant management judgment or estimation. Transfers between levels are recognized at the end of a reporting period, if applicable. Determination of fair value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances there are no quoted market prices for the Company’s various assets and liabilities. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the assets and liabilities. Assets and liabilities measured at fair value on a recurring basis Assets and liabilities measured at fair value on a recurring basis at March 31, 2019 and December 31, 2018 are summarized below. Level 1 Level 2 Level 3 Total Fair Value (In thousands) March 31, 2019 Assets Securities available for sale $ — $ 64,023 $ — $ 64,023 Interest rate swap agreements — 1,105 — 1,105 Derivative loan commitments — 6 — 6 Forward loan sale commitments — 3 — 3 $ — $ 65,137 $ — $ 65,137 Liabilities Interest rate swap agreements $ — $ 1,105 $ — $ 1,105 December 31, 2018 Assets Securities available for sale $ — $ 66,770 $ — $ 66,770 Interest rate swap agreements — 264 — 264 $ — $ 67,034 $ — $ 67,034 Liabilities Interest rate swap agreements $ — $ 264 $ — $ 264 Fair value measurements for securities available for sale are obtained from a third-party pricing service and are not adjusted by management. All securities are measured at fair value in Level 2 based on valuation models that consider standard input factors such as observable market data, benchmark yields, interest rate volatilities, broker/dealer quotes, credit spreads and new issue data. The fair values of interest rate swap agreements are based on a valuation model that uses primarily observable inputs, such as benchmark yield curves and interest rates and also the value associated with the counterparty risk. Credit risk adjustments consider factors such as the likelihood of default by the Company and its counterparties, its net exposure and remaining contractual life. The fair value of forward loan sale commitments and derivative loan commitments are based on fair values of the underlying mortgage loans, including servicing values as applicable. The fair value of derivative loan commitments also considers the probability of such commitments being exercised. Assets measured at fair value on a non-recurring basis The Company may also be required, from time to time, to measure certain other financial assets at fair value on a non-recurring basis in accordance with generally accepted accounting principles. These adjustments to fair value usually result from application of lower-of-cost-or-market (“LOCOM”) accounting or write-downs of individual assets. Fair values for loans held for sale are based on commitments in effect from investors or prevailing market rates. There are no assets or liabilities measured at fair value on a non-recurring basis at March 31, 2019 and December 31, 2018. Summary of fair values of financial instruments The estimated fair values and related carrying amounts of the Company’s financial instruments are outlined in the table below. Certain financial instruments and all nonfinancial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein may not necessarily represent the underlying fair value of the Company. Fair Value Carrying Amount Level 1 Level 2 Level 3 Total (In thousands) March 31, 2019 Financial assets: Cash and cash equivalents $ 36,321 $ 36,321 $ — $ — $ 36,321 Certificates of deposit 100 100 — — 100 Securities available for sale 64,023 — 64,023 — 64,023 FHLB stock 3,842 — — 3,842 3,842 Loans, net 778,533 — — 780,721 780,721 Accrued interest receivable 2,745 — — 2,745 2,745 Interest rate swap agreements 1,105 — 1,105 — 1,105 Forward loan sale commitments 6 — 6 — 6 Derivative loan commitments 3 — 3 — 3 Financial liabilities: Deposits $ 750,923 $ — $ — 750,185 750,185 Short-term borrowings 18,000 — 18,000 — 18,000 Long-term debt 53,197 — 53,021 — 53,021 Subordinated debt 9,840 — — 9,717 9,717 Accrued interest payable 767 — — 767 767 Interest rate swap agreements 1,105 — 1,105 — 1,105 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

EMPLOYEE STOCK OWNERSHIP PLAN

EMPLOYEE STOCK OWNERSHIP PLAN	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation and Employee Benefit Plans [Text Block]	NOTE 10 – EMPLOYEE STOCK OWNERSHIP PLAN The Bank maintains an Employee Stock Ownership Plan (the “ESOP”) to provide eligible employees the opportunity to own Company stock. This plan is a tax-qualified retirement plan for the benefit of all Company employees. Contributions are allocated to eligible participants on the basis of compensation, subject to federal tax limits. The Company granted a loan to the ESOP to purchase shares of the Company’s common stock on the closing date of the Company’s mutual to stock conversion in 2012. As of March 31, 2019, the ESOP held 177,872 shares or 7.0% of the common stock outstanding on that date. The loan is payable annually over 15 years at the rate of 3.25% per annum. The loan can be prepaid without penalty. Loan payments are expected to be funded by cash contributions from the Bank. The loan is secured by the shares purchased, which are held in a suspense account for allocation among participants as the loan is repaid. Cash dividends paid on allocated shares are reinvested into shares to participants and cash dividends paid on unallocated shares will be used to repay the outstanding debt of the ESOP. Shares used as collateral to secure the loan are released and available for allocation to eligible employees as the principal and interest on the loan is paid. Shares held by the ESOP at March 31, 2019 include the following: Allocated 75,166 Committed to be allocated 3,210 Unallocated 99,496 177,872 The fair value of unallocated shares was $3.0 million at March 31, 2019. Total compensation expense recognized in connection with the ESOP for the three months ended March 31, 2019 and March 31, 2018 was $96 thousand and $94 thousand, respectively.

EQUITY INCENTIVE PLANS

EQUITY INCENTIVE PLANS	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 11 – EQUITY INCENTIVE PLANS Under the Company’s 2016 Equity Incentive Plan, the Company may grant restricted stock awards to its employees and directors for up to 75,000 shares of its common stock. A restricted stock award (the “award”) is a grant of shares of Company common stock for no consideration, subject to a vesting schedule or the satisfaction of market conditions or performance criteria. Awarded shares are held in reserve for each grantee by the Company’s transfer agent, and will be issued from previously authorized but unissued shares upon vesting. The fair value of the stock awards, based on the market price at the grant date, will be recognized over the five-year vesting period. At March 31, 2019, there remain 19,500 shares available to award under the Plan. Under the Company’s 2012 Equity Incentive Plan the Company granted stock options to its employees and directors in the form of incentive stock options and non-qualified stock options totaling 231,894 shares of its common stock. The exercise price of each stock option was not less than the fair market value of the Company’s common stock on the date of grant, and the maximum term of each option is 10 years from the date of each award. The vesting period was five years from the date of grant, with vesting at 20% per year. Under the 2012 Equity Incentive Plan, the Company also granted stock awards to management, employees and directors. Awarded shares are held in reserve for each grantee by the Company’s transfer agent, and were issued from previously authorized but unissued shares upon vesting. The fair value of the stock awards, based on the market price at the grant date, is recognized over the five-year vesting period. The Company’s 2012 Equity Incentive Plan was terminated upon approval of the 2016 Equity Incentive Plan. Stock Options A summary of option activity under the 2012 Equity Incentive Plan for the three months ended March 31, 2019 is presented below: Outstanding Non-vested Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Shares Weighted Average Grant Date Fair Value (In thousands) (In years) (In thousands) (In thousands) Balance at January 1, 2019 193 $ 16.11 10 $ 4.13 Forfeited (3 ) 19.07 (3 ) 4.01 Exercised (2 ) 18.95 — — Balance at March 31, 2019 188 $ 16.03 3.88 $ 2,721 7 $ 4.18 Exercisable at March 31, 2019 180 $ 15.15 3.54 $ 2,555 For the three months ended March 31, 2019 and 2018, compensation expense applicable to the stock options was $7 thousand and $9 thousand, respectively. There was no recognized tax benefit related to this expense for the period ended March 31, 2019 and March 31, 2018, respectively. Unrecognized compensation expense for non-vested stock options totaled $18 thousand as of March 31, 2019, which will be recognized over the remaining weighted average vesting period of 1.0 years. Stock Awards For the three months ended March 31, 2019, there were 11,500 restricted stock awards granted with a weighted average grant date fair value of $28.25. The following table presents the activity in non-vested stock awards under the equity incentive plans for the three months ended March 31, 2019: Number of Shares Grant-date Fair Value (In thousands) Non-vested stock awards at beginning of year 27 $ 23.97 Restricted shares granted 12 28.25 Restricted shares forfeited (2 ) 20.78 Non-vested stock awards at end of quarter 37 $ 25.47 There was no activity in non-vested restricted stock awards under the 2016 or the 2012 Equity Incentive Plan for the three months ended March 31, 2018. For the three months ended March 31, 2019 and 2018, compensation expense applicable to the stock awards was $95 thousand and $98 thousand, respectively, and the recognized tax benefit related to this expense was $27 thousand, respectively. Unrecognized compensation expense for non-vested restricted stock totaled $795 thousand as of March 31, 2019, which will be recognized over the remaining weighted average vesting period of 3.35 years.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 12 – EARNINGS PER COMMON SHARE Basic earnings per share represents net income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. Under the Company’s 2012 and 2016 Equity Incentive Plans, stock awards contain non-forfeitable dividend rights. Accordingly, these shares are considered outstanding for computation of basic earnings per share. Potential common shares that may be issued by the Company relate to outstanding stock options and are determined using the treasury stock method. Three Months Ended March 31, 2019 2018 (In thousands) Net income applicable to common stock $ 1,302 $ 1,437 Average number of common shares issued 2,532 2,506 Less: Average unallocated ESOP shares (101 ) (114 ) Average number of common shares outstanding used to calculate basic earnings per common share 2,431 2,392 Effect of dilutive stock options 93 93 Average number of common shares outstanding used to calculate diluted earnings per share 2,524 2,485 Earnings per common share: Basic $ 0.54 $ 0.60 Diluted $ 0.52 $ 0.58 There were no anti-dilutive options that would have been excluded from the computations of diluted earnings per share for the three months ended March 31, 2019 and 2018. 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.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lessee, Operating Leases [Text Block]	NOTE 13 – LEASES Effective January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842). As of March 31, 2019, the Company leases real estate for several branch locations, operational office space, and ATM locations. The operating lease expense for the three-months ended March 31, 2019 was $416 thousand. The table below summarized other information related to our operating leases as of March 31, 2019: Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases, in thousands $ 396 Weighted average remaining lease term –operating leases, in years 5.8 Weighted average discount rate-operating leases 3.12 % The table below summarizes the maturity of the operating lease liabilities as of March 31, 2019: (In thousands) 2019 $ 1,199 2020 1,633 2021 1,483 2022 1,182 2023 1,101 Thereafter 1,768 Total lease payments 8,366 Less imputed interest (740 ) Present value of lease liabilities $ 7,626 The Bank is under agreement to take possession of an additional square feet of office space in for a term of months that is expected to increase the Bank’s ROU assets by $ million.

LOAN POLICIES (Policies)

LOAN POLICIES (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	LOAN POLICIES The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in our primary market areas in eastern Massachusetts. The ability of the Company’s debtors to honor their contracts is dependent upon the economy in general and the state of real estate and construction sectors within our markets. Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred loan origination fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Interest is generally not accrued on loans which are identified as impaired or loans which are ninety days or more past due. Past due status is based on the contractual terms of the loan. Interest income previously accrued on such loans is reversed against current period interest income. Interest income on non-accrual loans is recognized only to the extent of interest payments received and is first applied to the outstanding principal balance when collectibility of principal is in doubt. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured through sustained payment performance for at least six months. Allowance for loan losses The allowance for loan losses is established through a provision for loan losses charged to earnings as losses are estimated to occur. Loan losses are charged against the allowance when management believes the uncollectibility of the loan balance is confirmed. Subsequent recoveries are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, allocated and unallocated components. General component The general component is based on the following loan segments: residential real estate, commercial real estate, construction, commercial, home equity lines of credit and other consumer. Management considers a rolling average of historical losses for each segment based on a time frame appropriate to capture relevant loss data for each loan segment, generally three and 10 years. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume, concentrations and terms of loans; level of collateral protection; effects of changes in risk selection and underwriting standards; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no significant changes to the Company’s policies or methodology pertaining to the general component of the allowance during 2019 or 2018. 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 the sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions. Residential construction loans in this segment also include loans to build one-to-four family owner-occupied properties which are subject to the same credit quality factors as residential real estate. Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Home equity lines of credit – Loans in this segment are collateralized by one-to-four family residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Other consumer – Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the fair value of the loan or, if the loan is collateral dependent, by the fair value of the collateral, less estimated costs to sell. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller-balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify performing individual residential and consumer loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due, according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. Unallocated component An unallocated component is maintained to cover additional uncertainties in management’s estimation of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.

COMPREHENSIVE INCOME (Tables)

COMPREHENSIVE INCOME (Tables)	3 Months Ended
	Mar. 31, 2019
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The components of accumulated other comprehensive income (loss) and related tax effects are as follows: March 31, December 31, 2019 2018 (In thousands) Unrealized holding gains (losses) on securities available for sale $ 126 $ (732 ) Tax effect (16 ) 199 Net-of tax amount $ 110 $ (533 )

SECURITIES AVAILABLE FOR SALE (

SECURITIES AVAILABLE FOR SALE (Tables)	3 Months Ended
	Mar. 31, 2019
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) March 31, 2019 Residential mortgage-backed securities: Government National Mortgage Association $ 3,740 $ 56 $ (31 ) $ 3,765 Government-sponsored enterprises 11,113 60 (100 ) 11,073 SBA and other asset-backed securities 11,018 93 (79 ) 11,032 State and municipal bonds 12,878 310 (5 ) 13,183 Government-sponsored enterprise obligations 8,000 — (93 ) 7,907 Corporate bonds 17,148 29 (114 ) 17,063 $ 63,897 $ 548 $ (422 ) $ 64,023 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 bills 1,495 — — 1,495 $ 67,502 $ 276 $ (1,008 ) $ 66,770
Investments Classified by Contractual Maturity Date [Table Text Block]	The amortized cost and fair value of debt securities by contractual maturity at March 31, 2019 are as follows: Amortized Cost Fair Value (In thousands) Within 1 year $ 2,348 $ 2,336 After 1 year to 5 years 20,563 20,448 After 5 years to 10 years 7,160 7,212 After 10 years 7,955 8,157 38,026 38,153 Mortgage- and asset-backed securities 25,871 25,870 $ 63,897 $ 64,023
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows: Less Than Twelve Months Over Twelve Months Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value (In thousands) March 31, 2019 Residential mortgage-backed securities: Government National Mortgage Association $ — $ — $ (31 ) $ 1,738 Government-sponsored enterprises — — (100 ) 6,738 SBA and other asset-backed securities (1 ) 341 (78 ) 3,477 State and municipal bonds — — (5 ) 1,116 Government-sponsored enterprise obligations — — (93 ) 7,907 Corporate bonds (14 ) 3,984 (100 ) 11,314 $ (15 ) $ 4,325 $ (407 ) $ 32,290 Less Than Twelve Months Over Twelve Months Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair 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

LOANS AND ALLOWANCE FOR LOAN _2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2019
Notes and Loans Payable, Current [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	A summary of the ending balances of loans is as follows: March 31, December 31, 2019 2018 (In thousands) Real estate loans: Residential – fixed $ 68,273 $ 64,218 Residential – variable 312,691 318,292 Commercial 153,049 148,006 Construction 130,381 106,723 664,394 637,239 Commercial loans: Secured 75,590 61,563 Unsecured 5,219 5,327 80,809 66,890 Consumer loans: Home equity lines of credit 40,259 39,486 Other 150 163 40,409 39,649 Total loans 785,612 743,778 Less: Allowance for loan losses (6,978 ) (6,738 ) Net deferred origination costs (101 ) (8 ) Loans, net $ 778,533 $ 737,032
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]	The following table summarizes the changes in the allowance for loan losses by portfolio segment for the three months ended March 31, 2019 and 2018: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) Three Months Ended March 31, 2019 Allowance at December 31, 2018 $ 2,216 1,602 $ 1,462 $ 1,124 $ 257 $ 3 $ 74 $ 6,738 Provision (credit) for loan losses (14 ) (241 ) 347 157 5 — (14 ) 240 Allowance at March 31, 2019 $ 2,202 $ 1,361 $ 1,809 $ 1,281 $ 262 $ 3 $ 60 $ 6,978 Three Months Ended March 31, 2018 Allowance at December 31, 2017 $ 1,722 $ 1,520 $ 1,661 $ 917 $ 237 $ 2 $ 94 $ 6,153 Provision (credit) for loan losses 203 25 (228 ) 78 11 1 (25 ) 65 Allowance at March 31, 2018 $ 1,925 $ 1,545 $ 1,433 $ 995 $ 248 $ 3 $ 69 $ 6,218
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Further information pertaining to the allowance for loan losses is as follows: Residential Real Estate Commercial Real Estate Construction Commercial Home Equity Other Consumer Unallocated Total (In thousands) March 31, 2019 Allowance related to impaired loans $ — $ — $ — $ — $ — $ — $ — $ — Allowance related to non-impaired loans 2,202 1,361 1,809 1,281 262 3 60 6,978 Total allowance $ 2,202 $ 1,361 $ 1,809 $ 1,281 $ 262 $ 3 $ 60 $ 6,978 Impaired loan balances $ 742 $ 2,773 $ — $ — $ — $ — $ — $ 3,515 Non-impaired loan balances 380,222 150,276 130,381 80,809 40,259 150 — 782,097 Total loans $ 380,964 $ 153,049 $ 130,381 $ 80,809 $ 40,259 $ 150 $ — $ 785,612 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
Past Due Financing Receivables [Table Text Block]	The following is a summary of past due and non-accrual loans at March 31, 2019 and December 31, 2018: 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) March 31, 2019 Residential real estate $ 1,214 $ 578 $ — $ 1,792 $ — $ 578 Commercial real estate — — 550 550 — 550 Consumer loans 34 — — 34 — — Total $ 1,248 $ 578 $ 550 $ 2,376 $ — $ 1,128 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
Impaired Financing Receivables [Table Text Block]	The following is a summary of impaired loans: March 31, 2019 December 31, 2018 Recorded Investment Unpaid Principal Balance Recorded Investment Unpaid Principal Balance (In thousands) Impaired loans without a valuation allowance: Residential real estate $ 742 $ 759 $ 746 $ 764 Commercial real estate 2,773 2,899 2,846 2,974 Total impaired loans $ 3,515 $ 3,658 $ 3,592 $ 3,738
Impaired Financing Receivables By Class Of Loans [Table Text Block]	Further information pertaining to impaired loans follows: Three Months Ended March 31, 2019 Three Months Ended March 31, 2018 Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis Average Recorded Investment Interest Income Recognized Interest Income Recognized on Cash Basis (In thousands) Residential real estate $ 744 $ 6 $ 4 $ 171 $ 2 $ — Commercial real estate 2,809 33 8 570 20 20 Total $ 3,553 $ 39 $ 12 $ 741 $ 22 $ 20
Financing Receivable Credit Quality Indicators [Table Text Block]	The following table presents the Company’s loans by risk rating: March 31, 2019 December 31, 2018 Commercial Real Estate Construction Commercial Total Commercial Real Estate Construction Commercial Total (In thousands) Loans rated 1-4 $ 149,368 $ 130,381 $ 78,939 $ 358,688 $ 144,243 $ 106,723 $ 65,245 $ 316,211 Loans rated 5 908 — 1,870 2,778 917 — 1,645 2,562 Loans rated 6 2,223 — — 2,223 2,290 — — 2,290 Loans rated 7 550 — — 550 556 — — 556 Total $ 153,049 $ 130,381 $ 80,809 $ 364,239 $ 148,006 $ 106,723 $ 66,890 $ 321,619

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives [Table Text Block]	A summary of the interest rate swaps is as follows: With commercial With third-party loan borrowers financial institutions March 31, December 31, March 31, December 31, 2019 2018 2019 2018 (dollars in thousands) Notional amount $ 36,476 $ 28,320 $ 36,476 $ 28,320 Receive (pay) fixed rate weighted average 4.49 % 5.09 % (4.49 )% (5.09 )% Receive (pay) variable rate weighted average (4.33 )% (5.06 )% 4.33 % 5.06 % Weighted average remaining years 10.8 years 12.8 years 10.8 years 12.8 years Unrealized fair value gain (loss) $ 1,105 $ 264 $ (1,105 ) $ (264 )

FAIR VALUES OF FINANCIAL INST_2

FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 and December 31, 2018 are summarized below. Level 1 Level 2 Level 3 Total Fair Value (In thousands) March 31, 2019 Assets Securities available for sale $ — $ 64,023 $ — $ 64,023 Interest rate swap agreements — 1,105 — 1,105 Derivative loan commitments — 6 — 6 Forward loan sale commitments — 3 — 3 $ — $ 65,137 $ — $ 65,137 Liabilities Interest rate swap agreements $ — $ 1,105 $ — $ 1,105 December 31, 2018 Assets Securities available for sale $ — $ 66,770 $ — $ 66,770 Interest rate swap agreements — 264 — 264 $ — $ 67,034 $ — $ 67,034 Liabilities Interest rate swap agreements $ — $ 264 $ — $ 264
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 table below. Certain financial instruments and all nonfinancial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein may not necessarily represent the underlying fair value of the Company. Fair Value Carrying Amount Level 1 Level 2 Level 3 Total (In thousands) March 31, 2019 Financial assets: Cash and cash equivalents $ 36,321 $ 36,321 $ — $ — $ 36,321 Certificates of deposit 100 100 — — 100 Securities available for sale 64,023 — 64,023 — 64,023 FHLB stock 3,842 — — 3,842 3,842 Loans, net 778,533 — — 780,721 780,721 Accrued interest receivable 2,745 — — 2,745 2,745 Interest rate swap agreements 1,105 — 1,105 — 1,105 Forward loan sale commitments 6 — 6 — 6 Derivative loan commitments 3 — 3 — 3 Financial liabilities: Deposits $ 750,923 $ — $ — 750,185 750,185 Short-term borrowings 18,000 — 18,000 — 18,000 Long-term debt 53,197 — 53,021 — 53,021 Subordinated debt 9,840 — — 9,717 9,717 Accrued interest payable 767 — — 767 767 Interest rate swap agreements 1,105 — 1,105 — 1,105 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

EMPLOYEE STOCK OWNERSHIP PLAN (

EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Employee Stock Ownership Plan ESOP Status Of Entity Shares Held [Table Text Block]	Shares held by the ESOP at March 31, 2019 include the following: Allocated 75,166 Committed to be allocated 3,210 Unallocated 99,496 177,872

EQUITY INCENTIVE PLANS (Tables)

EQUITY INCENTIVE PLANS (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of option activity under the 2012 Equity Incentive Plan for the three months ended March 31, 2019 is presented below: Outstanding Non-vested Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Shares Weighted Average Grant Date Fair Value (In thousands) (In years) (In thousands) (In thousands) Balance at January 1, 2019 193 $ 16.11 10 $ 4.13 Forfeited (3 ) 19.07 (3 ) 4.01 Exercised (2 ) 18.95 — — Balance at March 31, 2019 188 $ 16.03 3.88 $ 2,721 7 $ 4.18 Exercisable at March 31, 2019 180 $ 15.15 3.54 $ 2,555
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 three months ended March 31, 2019: Number of Shares Grant-date Fair Value (In thousands) Non-vested stock awards at beginning of year 27 $ 23.97 Restricted shares granted 12 28.25 Restricted shares forfeited (2 ) 20.78 Non-vested stock awards at end of quarter 37 $ 25.47

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Potential common shares that may be issued by the Company relate to outstanding stock options and are determined using the treasury stock method. Three Months Ended March 31, 2019 2018 (In thousands) Net income applicable to common stock $ 1,302 $ 1,437 Average number of common shares issued 2,532 2,506 Less: Average unallocated ESOP shares (101 ) (114 ) Average number of common shares outstanding used to calculate basic earnings per common share 2,431 2,392 Effect of dilutive stock options 93 93 Average number of common shares outstanding used to calculate diluted earnings per share 2,524 2,485 Earnings per common share: Basic $ 0.54 $ 0.60 Diluted $ 0.52 $ 0.58

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2019
Lessee Disclosure [Abstract]
Schedule Of Summarized Other Information Related To Operating Leases [Table Text Block]	The table below summarized other information related to our operating leases as of March 31, 2019: Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases, in thousands $ 396 Weighted average remaining lease term –operating leases, in years 5.8 Weighted average discount rate-operating leases 3.12 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The table below summarizes the maturity of the operating lease liabilities as of March 31, 2019: (In thousands) 2019 $ 1,199 2020 1,633 2021 1,483 2022 1,182 2023 1,101 Thereafter 1,768 Total lease payments 8,366 Less imputed interest (740 ) Present value of lease liabilities $ 7,626

LOAN POLICIES (Details Textual)

LOAN POLICIES (Details Textual)	3 Months Ended
	Mar. 31, 2019
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Time Period To Capture Relevant Loan Loss Data	10 years
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan To Value	80.00%

COMPREHENSIVE INCOME (Details)

COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized holding gains (losses) on securities available for sale	$ 126	$ (732)
Tax effect	(16)	199
Net-of tax amount	$ 110	$ (533)

RECENT ACCOUNTING AND REGULAT_2

RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification from AOCI, Current Period, Tax		$ 0
Operating Lease, Right-of-Use Asset	$ 7,606		$ 0
Operating Lease, Liability	7,626		$ 0
Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification from AOCI, Current Period, Tax	7
Operating Lease, Right-of-Use Asset	7,800
Operating Lease, Liability	$ 7,800

SECURITIES AVAILABLE FOR SALE_2

SECURITIES AVAILABLE FOR SALE (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 63,897	$ 67,502
Gross Unrealized Gains	548	276
Gross Unrealized Losses	(422)	(1,008)
Fair Value	64,023	66,770
SBA and other asset-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	11,018	11,720
Gross Unrealized Gains	93	64
Gross Unrealized Losses	(79)	(157)
Fair Value	11,032	11,627
State and municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	12,878	12,908
Gross Unrealized Gains	310	111
Gross Unrealized Losses	(5)	(111)
Fair Value	13,183	12,908
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	(93)	(187)
Fair Value	7,907	7,813
Corporate bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	17,148	18,151
Gross Unrealized Gains	29	28
Gross Unrealized Losses	(114)	(322)
Fair Value	17,063	17,857
US Treasury Bond Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		1,495
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		1,495
Residential mortgage-backed securities [Member] | Government National Mortgage Association [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,740	3,846
Gross Unrealized Gains	56	44
Gross Unrealized Losses	(31)	(43)
Fair Value	3,765	3,847
Residential mortgage-backed securities [Member] | Government-sponsored enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	11,113	11,382
Gross Unrealized Gains	60	29
Gross Unrealized Losses	(100)	(188)
Fair Value	$ 11,073	$ 11,223

SECURITIES AVAILABLE FOR SALE_3

SECURITIES AVAILABLE FOR SALE (Details 1) $ in Thousands	Mar. 31, 2019USD ($)
Available-for-sale Securities, Debt Maturities, Amortized Cost
Within 1 year	$ 2,348
After 1 year to 5 years	20,563
After 5 years to 10 years	7,160
After 10 years	7,955
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	38,026
Mortgage- and asset-backed securities	25,871
Available-for-sale Debt Securities, Amortized Cost Basis, Total	63,897
Available-for-sale Securities, Debt Maturities, Fair Value
Within 1 year	2,336
After 1 year to 5 years	20,448
After 5 years to 10 years	7,212
After 10 years	8,157
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Fair Value Total	38,153
Mortgage- and asset-backed securities	25,870
Available-for-sale Securities, Debt Securities, Fair Value Total	$ 64,023

SECURITIES AVAILABLE FOR SALE_4

SECURITIES AVAILABLE FOR SALE (Details 2) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	$ (15)	$ (32)
Less Than Twelve Months Fair Value	4,325	6,194
Over Twelve Months Gross Unrealized Losses	(407)	(976)
Over Twelve Months Fair Value	32,290	40,284
SBA and other asset-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(1)	0
Less Than Twelve Months Fair Value	341	0
Over Twelve Months Gross Unrealized Losses	(78)	(157)
State and municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	0	(2)
Less Than Twelve Months Fair Value	0	386
Over Twelve Months Gross Unrealized Losses	(5)	(109)
Government-sponsored enterprise obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	0	0
Less Than Twelve Months Fair Value	0	0
Over Twelve Months Gross Unrealized Losses	(93)	(187)
Corporate bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	(14)	(29)
Less Than Twelve Months Fair Value	3,984	5,705
Over Twelve Months Gross Unrealized Losses	(100)	(293)
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	0
Less Than Twelve Months Fair Value	0	0
Over Twelve Months Gross Unrealized Losses	(31)	(43)
Over Twelve Months Fair Value	1,738	1,755
Residential mortgage-backed securities [Member] | Government-sponsored enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Less Than Twelve Months Gross Unrealized Losses	0	(1)
Less Than Twelve Months Fair Value	0	103
Over Twelve Months Gross Unrealized Losses	(100)	(187)
Over Twelve Months Fair Value	6,738	7,880
Residential mortgage-backed securities [Member] | SBA and other asset-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Over Twelve Months Fair Value	3,477	5,455
Residential mortgage-backed securities [Member] | State and municipal bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Over Twelve Months Fair Value	1,116	6,257
Residential mortgage-backed securities [Member] | Government-sponsored enterprise obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Over Twelve Months Fair Value	7,907	7,813
Residential mortgage-backed securities [Member] | Corporate bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Over Twelve Months Fair Value	$ 11,314	$ 11,124

SECURITIES AVAILABLE FOR SALE_5

SECURITIES AVAILABLE FOR SALE (Details Textual)	Mar. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Unrealized Losses Debt Securities Aggregate Depreciation Percentage	1.10%

LOANS AND ALLOWANCE FOR LOAN _3

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Total loans	$ 785,612	$ 743,778
Less: Allowance for loan losses	(6,978)	(6,738)
Less: Net deferred origination costs (fees)	(101)	(8)
Loans, net	778,533	737,032
Commercial loan [Member]
Total loans	80,809	66,890
Consumer loan [Member]
Total loans	40,409	39,649
Commercial Real Estate [Member]
Total loans	153,049	148,006
Construction [Member]
Total loans	130,381	106,723
Secured [Member] | Commercial loan [Member]
Total loans	75,590	61,563
Unsecured [Member] | Commercial loan [Member]
Total loans	5,219	5,327
Home equity lines of credit [Member]
Total loans	40,259	39,486
Home equity lines of credit [Member] | Consumer loan [Member]
Total loans	40,259	39,486
Other Consumer [Member]
Total loans	150	163
Other Consumer [Member] | Consumer loan [Member]
Total loans	150	163
Real estate loans [Member]
Total loans	664,394	637,239
Real estate loans [Member] | Residential - fixed [Member]
Total loans	68,273	64,218
Real estate loans [Member] | Residential - variable [Member]
Total loans	312,691	318,292
Real estate loans [Member] | Commercial Real Estate [Member]
Total loans	153,049	148,006
Real estate loans [Member] | Construction [Member]
Total loans	$ 130,381	$ 106,723

LOANS AND ALLOWANCE FOR LOAN _4

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Allowance Beginning Balance	$ 6,738	$ 6,153
Provision (credit) for loan losses	240	65
Allowance Ending Balance	6,978	6,218
Commercial [Member]
Allowance Beginning Balance	1,124	917
Provision (credit) for loan losses	157	78
Allowance Ending Balance	1,281	995
Residential Real Estate [Member]
Allowance Beginning Balance	2,216	1,722
Provision (credit) for loan losses	(14)	203
Allowance Ending Balance	2,202	1,925
Commercial Real Estate [Member]
Allowance Beginning Balance	1,602	1,520
Provision (credit) for loan losses	(241)	25
Allowance Ending Balance	1,361	1,545
Construction [Member]
Allowance Beginning Balance	1,462	1,661
Provision (credit) for loan losses	347	(228)
Allowance Ending Balance	1,809	1,433
Home equity lines of credit [Member]
Allowance Beginning Balance	257	237
Provision (credit) for loan losses	5	11
Allowance Ending Balance	262	248
Other Consumer [Member]
Allowance Beginning Balance	3	2
Provision (credit) for loan losses	0	1
Allowance Ending Balance	3	3
Unallocated [Member]
Allowance Beginning Balance	74	94
Provision (credit) for loan losses	(14)	(25)
Allowance Ending Balance	$ 60	$ 69

LOANS AND ALLOWANCE FOR LOAN _5

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 2) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Allowance related to impaired loans	$ 0	$ 0
Allowance related to non-impaired loans	6,978	6,738
Total allowance	6,978	6,738	$ 6,218	$ 6,153
Impaired loan balances	3,515	3,592
Non-impaired loan balances	782,097	740,186
Total loans	785,612	743,778
Commercial [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	1,281	1,124
Total allowance	1,281	1,124	995	917
Impaired loan balances	0	0
Non-impaired loan balances	80,809	66,890
Total loans	80,809	66,890
Residential Real Estate [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	2,202	2,216
Total allowance	2,202	2,216	1,925	1,722
Impaired loan balances	742	746
Non-impaired loan balances	380,222	381,764
Total loans	380,964	382,510
Commercial Real Estate [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	1,361	1,602
Total allowance	1,361	1,602	1,545	1,520
Impaired loan balances	2,773	2,846
Non-impaired loan balances	150,276	145,160
Total loans	153,049	148,006
Construction [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	1,809	1,462
Total allowance	1,809	1,462	1,433	1,661
Impaired loan balances	0	0
Non-impaired loan balances	130,381	106,723
Total loans	130,381	106,723
Home equity lines of credit [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	262	257
Total allowance	262	257	248	237
Impaired loan balances	0	0
Non-impaired loan balances	40,259	39,486
Total loans	40,259	39,486
Other Consumer [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	3	3
Total allowance	3	3	3	2
Impaired loan balances	0	0
Non-impaired loan balances	150	163
Total loans	150	163
Unallocated [Member]
Allowance related to impaired loans	0	0
Allowance related to non-impaired loans	60	74
Total allowance	60	74	$ 69	$ 94
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	Mar. 31, 2019	Dec. 31, 2018
Total Past Due	$ 2,376
Non-accrual Loans	1,128	$ 1,137
Consumer Loan [Member]
Total Past Due	34	2,107
Non-accrual Loans	0
Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	1,248	1,551
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Loan [Member]
Total Past Due	34
Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	578	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Loan [Member]
Total Past Due	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	550	556
Past Due 90 Days or More and Still Accruing	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Loan [Member]
Total Past Due	0
Past Due 90 Days or More and Still Accruing	0
Residential Real Estate [Member]
Total Past Due	1,792	1,551
Non-accrual Loans	578	581
Residential Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Total Past Due	1,214	1,551
Residential Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Total Past Due	578	0
Residential Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Total Past Due	0	0
Past Due 90 Days or More and Still Accruing	0	0
Commercial Real Estate [Member]
Total Past Due	550	556
Non-accrual Loans	550	556
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	550	556
Past Due 90 Days or More and Still Accruing	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN _7

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Total impaired loans Recorded Investment	$ 3,515	$ 3,592
Total impaired loans Unpaid Principal Balance	3,658	3,738
Residential Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	742	746
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	759	764
Commercial Real Estate [Member]
Impaired loans Recorded Investment, Without a Valuation Allowance	2,773	2,846
Impaired loans Unpaid Principal Balance, Without a Valuation Allowance	$ 2,899	$ 2,974

LOANS AND ALLOWANCE FOR LOAN _8

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Average Recorded Investment	$ 3,553	$ 741
Interest Income Recognized	39	22
Interest Income Recognized on Cash Basis	12	20
Residential real estate [Member]
Average Recorded Investment	744	171
Interest Income Recognized	6	2
Interest Income Recognized on Cash Basis	4	0
Commercial real estate [Member]
Average Recorded Investment	2,809	570
Interest Income Recognized	33	20
Interest Income Recognized on Cash Basis	$ 8	$ 20

LOANS AND ALLOWANCE FOR LOAN _9

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 7) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Loans	$ 364,239	$ 321,619
Loans rated 1-4 [Member]
Loans	358,688	316,211
Loans rated 5 [Member]
Loans	2,778	2,562
Loans rated 6 [Member]
Loans	2,223	2,290
Loans rated 7 [Member]
Loans	550	556
Commercial Real Estate [Member]
Loans	153,049	148,006
Commercial Real Estate [Member] | Loans rated 1-4 [Member]
Loans	149,368	144,243
Commercial Real Estate [Member] | Loans rated 5 [Member]
Loans	908	917
Commercial Real Estate [Member] | Loans rated 6 [Member]
Loans	2,223	2,290
Commercial Real Estate [Member] | Loans rated 7 [Member]
Loans	550	556
Construction [Member]
Loans	130,381	106,723
Construction [Member] | Loans rated 1-4 [Member]
Loans	130,381	106,723
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	80,809	66,890
Commercial [Member] | Loans rated 1-4 [Member]
Loans	78,939	65,245
Commercial [Member] | Loans rated 5 [Member]
Loans	1,870	1,645
Commercial [Member] | Loans rated 6 [Member]
Loans	0	0
Commercial [Member] | Loans rated 7 [Member]
Loans	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN_10

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable, Gross	$ 785,612	$ 743,778
Commercial Loan [Member]
Loans and Leases Receivable, Gross	80,809	$ 66,890
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

DERIVATIVE INSTRUMENTS (Details

DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Commercial Borrower [Member]
Notional amount	$ 36,476		$ 28,320
Receive(pay) fixed rate (weighted average)	4.49%		5.09%
Receive (pay) variable rate (weighted average)	(4.33%)		(5.06%)
Weighted average remaining years	10 years 9 months 18 days		12 years 9 months 18 days
Unrealized fair value gain (loss)	$ 1,105	$ 264
Third Party Financial Institutions [Member]
Notional amount	$ 36,476		$ 28,320
Receive(pay) fixed rate (weighted average)	(4.49%)		(5.09%)
Receive (pay) variable rate (weighted average)	4.33%		5.06%
Weighted average remaining years	10 years 9 months 18 days		12 years 9 months 18 days
Unrealized fair value gain (loss)	$ (1,105)	$ (264)

DERIVATIVE INSTRUMENTS (Detai_2

DERIVATIVE INSTRUMENTS (Details Textual) - Not Designated as Hedging Instrument [Member] $ in Thousands	Mar. 31, 2019USD ($)
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 3
Other Liabilities [Member]
Derivative [Line Items]
Derivative Liability, Notional Amount	1,300
Derivative Asset, Notional Amount	6
Other Assets [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 1,300

EQUITY INCENTIVE PLANS (Detail

EQUITY INCENTIVE PLANS (Details) - Employee Stock Option [Member] $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)$ / sharesshares
Shares
Outstanding at beginning of period | shares	193
Forfeited | shares	(3)
Exercised | shares	(2)
Outstanding at end of period | shares	188
Exercisable at end of year | shares	180
Weighted Average Exercise Price
Outstanding at beginning of period | $ / shares	$ 16.11
Forfeited | $ / shares	19.07
Exercised | $ / shares	18.95
Outstanding at end of period | $ / shares	16.03
Exercisable at end of year | $ / shares	$ 15.15
Weighted Average Remaining Contractual Term
Outstanding at end of year	3 years 10 months 17 days
Exercisable at end of year	3 years 6 months 14 days
Aggregate Intrinsic value:
Outstanding at end of year | $	$ 2,721
Exercisable at end of year | $	$ 2,555
Shares, Non-vested
Outstanding at beginning of period | shares	10
Forfeited | shares	(3)
Exercised | shares	0
Outstanding at end of period | shares	7
Weighted Average Grant Date Fair value, Non-vested
Outstanding at beginning of period | $ / shares	$ 4.13
Forfeited | $ / shares	4.01
Exercised | $ / shares	0
Outstanding at end of period | $ / shares	$ 4.18

EQUITY INCENTIVE PLANS (Deta_2

EQUITY INCENTIVE PLANS (Details 1) - Restricted Stock [Member] shares in Thousands	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Number of Shares
Outstanding at beginning of period | shares	27
Restricted shares granted | shares	12
Restricted shares forfeited | shares	(2)
Outstanding at end of period | shares	37
Grant-date Fair Value
Outstanding at beginning of period | $ / shares	$ 23.97
Restricted shares granted | $ / shares	28.25
Restricted shares forfeited | $ / shares	20.78
Outstanding at end of period | $ / shares	$ 25.47

EQUITY INCENTIVE PLANS (Details

EQUITY INCENTIVE PLANS (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognize tax Benefit	$ 27,000	$ 27,000
Unrecognized compensation expense, recognition period	1 year
Unrecognized compensation expense for non-vested stock options	$ 18,000
Compensation expense for stock award plan	$ 95,000	98,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share base compensation expenses applicable to stock option plan	$ 7,000	9,000
Recognize tax Benefit	$ 0	$ 0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense, recognition period	3 years 4 months 6 days
Unrecognized compensation expense for non-vested stock options	$ 795,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	12,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 28.25
2016 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, options granted	75,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	19,500
Equity Incentive Plan, options granted	75,000
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, options granted	231,894
Equity Incentive Plan, options granted	231,894
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	20.00%

FAIR VALUES OF FINANCIAL INST_3

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		$ 67,034,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		67,034,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets		0
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 65,137,000
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	1,105,000	264,000
Total liabilities	1,105,000	264,000
Fair Value, Measurements, Recurring [Member] | Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	3
Fair Value, Measurements, Recurring [Member] | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	64,023,000	66,770,000
Fair Value, Measurements, Recurring [Member] | Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	6,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0
Fair Value, Measurements, Recurring [Member] | 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, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0
Fair Value, Measurements, Recurring [Member] | 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, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	65,137,000
Fair Value, Measurements, Recurring [Member] | 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	1,105,000	264,000
Total liabilities	1,105,000	264,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	3,000
Fair Value, Measurements, Recurring [Member] | 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	64,023,000	66,770,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	6,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0
Fair Value, Measurements, Recurring [Member] | 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, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Forward loan sale commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Securities available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	$ 0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative loan commitments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 0

FAIR VALUES OF FINANCIAL INST_4

FAIR VALUES OF FINANCIAL INSTRUMENTS (Details 1) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financial assets:
Cash and cash equivalents	$ 36,321	$ 42,650
Certificates of deposit	100	100
Securities available for sale	64,023	66,770
FHLB stock	3,842	4,747
Loans, net	780,721	732,427
Accrued interest receivable	2,745	2,288
Interest rate swap agreements	1,105	264
Financial liabilities:
Deposits	750,185	716,685
Short-term borrowings	18,000	15,000
Long-term debt	53,021	58,192
Subordinated debt	9,717	9,691
Accrued interest payable	767	487
Interest rate swap agreements	1,105	264
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	36,321	42,650
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	64,023	66,770
FHLB stock	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Interest rate swap agreements	1,105	264
Financial liabilities:
Deposits	0	0
Short-term borrowings	18,000	15,000
Long-term debt	53,021	58,192
Subordinated debt	0	0
Accrued interest payable	0	0
Interest rate swap agreements	1,105	264
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	3,842	4,747
Loans, net	780,721	732,427
Accrued interest receivable	2,745	2,288
Interest rate swap agreements	0	0
Financial liabilities:
Deposits	750,185	716,685
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated debt	9,717	9,691
Accrued interest payable	767	487
Interest rate swap agreements	0	0
Reported Carrying Amount Measurement [Member]
Financial assets:
Cash and cash equivalents	36,321	42,650
Certificates of deposit	100	100
Securities available for sale	64,023	66,770
FHLB stock	3,842	4,747
Loans, net	778,533	737,032
Accrued interest receivable	2,745	2,288
Interest rate swap agreements	1,105	264
Financial liabilities:
Deposits	750,923	717,931
Short-term borrowings	18,000	15,000
Long-term debt	53,197	58,528
Subordinated debt	9,840	9,832
Accrued interest payable	767	487
Interest rate swap agreements	$ 1,105	$ 264

EMPLOYEE STOCK OWNERSHIP PLAN_2

EMPLOYEE STOCK OWNERSHIP PLAN (Details) - shares	Mar. 31, 2019	Mar. 31, 2018
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Allocated	75,166
Committed to be allocated	3,209	3,209
Unallocated	99,496
Total	177,872

EMPLOYEE STOCK OWNERSHIP PLAN_3

EMPLOYEE STOCK OWNERSHIP PLAN (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan (ESOP), Shares in ESOP	177,872
Employee Stock Ownership Plan ESOP Percent Of Shares Authorized To Be Purchased	7.00%
Employee Stock Ownership Plan ESOP Debt Structure Direct Loan Term	15 years
Employee Stock Ownership Plan ESOP Debt Structure Direct Loan Interest Rate	3.25%
Employee Stock Ownership Plan ESOP Cost Of Committed To Be Released Shares	$ 3,000
Employee Stock Ownership Plan (ESOP), Compensation Expense	$ 96	$ 94

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income applicable to common stock	$ 1,302	$ 1,437
Average number of common shares issued	2,532,000	2,506,000
Less: Average unallocated ESOP shares	(101,000)	(114,000)
Average number of common shares outstanding used to calculate basic earnings per common share	2,431,324	2,392,592
Effect of dilutive stock options	93,000	93,000
Average number of common shares outstanding used to calculate diluted earnings per share	2,523,907	2,485,222
Earnings per common share:
Basic	$ 0.54	$ 0.60
Diluted	$ 0.52	$ 0.58

LEASES (Details)

LEASES (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Operating cash flows from operating leases, in thousands	$ 396
Weighted average remaining lease term –operating leases, in years	5 years 9 months 18 days
Weighted average discount rate-operating leases	3.12%

LEASES (Details 1)

LEASES (Details 1) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
2019	$ 1,199
2020	1,633
2021	1,483
2022	1,182
2023	1,101
Thereafter	1,768
Total lease payments	8,366
Less imputed interest	(740)
Present value of lease liabilities	$ 7,626	$ 0

LEASES (Details Textual)

LEASES (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)ft²	Dec. 31, 2018USD ($)
Operating Lease, Expense	$ 416
Land Subject to Ground Leases | ft²	4,431
Lessee, Operating Lease, Term of Contract	74 months
Operating Lease, Right-of-Use Asset	$ 7,606	$ 0