Wellesley Bancorp 10-Q 8 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Document Information	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'WEBK	'
Entity Registrant Name	'WELLESLEY BANCORP, INC.	'
Entity Central Index Key	'0001526952	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	2,459,080

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'	'
Cash and due from banks	$4,770	$2,247
Short-term investments	8,049	15,971
Total cash and cash equivalents	12,819	18,218
Certificates of deposit	100	600
Securities available for sale, at fair value	35,232	39,256
Federal Home Loan Bank of Boston (FHLB) stock, at cost	2,799	2,005
Loans held for sale	'	9,130
Loans	360,387	297,935
Less allowance for loan losses	-4,158	-3,844
Loans, net	356,229	294,091
Bank-owned life insurance	6,546	6,385
Premises and equipment, net	2,941	2,044
Accrued interest receivable	973	1,019
Net deferred tax asset	2,381	1,933
Other assets	1,074	1,367
Total assets	421,094	376,048
Deposits:	'	'
Noninterest-bearing	45,143	39,044
Interest-bearing	282,305	259,015
Deposits, Total	327,448	298,059
Short-term borrowings	5,000	'
Long-term debt	40,500	31,500
Accrued expenses and other liabilities	1,764	1,518
Total liabilities	374,712	331,077
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none issued	'	'
Common stock, $0.01 par value; 14,000,000 shares authorized, 2,460,080 shares issued and outstanding at September 30, 2013; 2,480,610 shares issued and outstanding at December 31, 2012	24	24
Additional paid-in capital	22,835	22,751
Retained earnings	24,989	23,203
Accumulated other comprehensive income	235	790
Unearned compensation - ESOP	-1,701	-1,797
Total stockholders' equity	46,382	44,971
Total liabilities and stockholders' equity	$421,094	$376,048

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, issued	'	'
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	14,000,000	14,000,000
Common stock, shares issued	2,460,080	2,480,610
Common stock, shares outstanding	2,460,080	2,480,610

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest and dividend income:	'	'	'	'
Interest and fees on loans and loans held for sale	$4,085	$3,281	$11,600	$9,554
Debt securities-taxable	126	177	403	559
Debt securities-tax-exempt	38	63	138	199
Interest on short-term investments and certificates of deposit	7	9	25	38
Dividends on FHLB stock	2	2	6	6
Total interest and dividend income	4,258	3,532	12,172	10,356
Interest expense:	'	'	'	'
Deposits	569	533	1,647	1,574
Short-term borrowings	4	13	4	56
Long-term debt	124	107	380	277
Total interest expense	697	653	2,031	1,907
Net interest income	3,561	2,879	10,141	8,449
Provision for loan losses	150	150	350	400
Net interest income, after provision for loan losses	3,411	2,729	9,791	8,049
Noninterest income:	'	'	'	'
Customer service fees	46	26	126	99
Mortgage banking activities	10	62	86	62
Wealth management fees	101	64	282	153
Gain on sale of securities, net	'	52	103	51
Income on bank-owned life insurance	59	47	161	130
Loss on extinguishment of debt	'	'	-93	'
Miscellaneous	9	12	32	33
Total noninterest income	225	263	697	528
Noninterest expense:	'	'	'	'
Salaries and employee benefits	1,553	1,227	4,505	3,572
Occupancy and equipment	354	346	1,050	950
Data processing	125	115	367	330
FDIC insurance	68	68	201	170
Contributions	'	'	2	1,801
Other general and administrative	536	381	1,422	1,198
Total noninterest expense	2,636	2,137	7,547	8,021
Income before income taxes	1,000	855	2,941	556
Provision for income taxes	393	318	1,155	138
Net income	607	537	1,786	418
Other comprehensive income (loss):	'	'	'	'
Unrealized holding gains (losses) on available-for-sale securities	-94	271	-809	495
Reclassification adjustment for net securities gains realized	'	-52	-103	-51
Tax effect	34	-86	357	-172
Total other comprehensive income (loss)	-60	133	-555	272
Comprehensive income	$547	$670	$1,231	$690
Net income per common share (basic and diluted)	$0.27	$0.24	$0.78	'
Weighted average shares outstanding (basic and diluted)	2,288,752	2,221,534	2,290,402	'

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Unearned Compensation ESOP
In Thousands, except Share data
Beginning Balance at Dec. 31, 2011	$22,731	'	'	$22,104	$627	'
Net income	418	'	'	418	'	'
Other comprehensive income loss	272	'	'	'	272	'
Issuance of common stock for initial public offering, net of expenses of $1,260 (in shares)	'	2,249,674	'	'	'	'
Issuance of common stock for initial public offering, net of expenses of $1,260	21,236	22	21,214	'	'	'
Issuance of common stock to Wellesley Bank Charitable Foundation (in shares)	'	157,477	'	'	'	'
Issuance of common stock to Wellesley Bank Charitable Foundation	1,575	2	1,573	'	'	'
Stock purchased by the ESOP	-1,926	'	'	'	'	-1,926
ESOP shares committed to be allocated	118	'	32	'	'	86
Ending Balance at Sep. 30, 2012	44,424	24	22,819	22,522	899	-1,840
Ending Balance (in shares) at Sep. 30, 2012	'	2,407,151	'	'	'	'
Beginning Balance at Dec. 31, 2012	44,971	24	22,751	23,203	790	-1,797
Beginning Balance (in shares) at Dec. 31, 2012	'	2,480,610	'	'	'	'
Net income	1,786	'	'	1,786	'	'
Other comprehensive income loss	-555	'	'	'	-555	'
Purchase and retirement of treasury shares (shares)	'	-20,530	'	'	'	'
Purchase and retirement of treasury shares	-321	'	-321	'	'	'
Shared- based compensation- equity incentive plan	342	'	342	'	'	'
ESOP shares committed to be allocated	159	'	63	'	'	96
Ending Balance at Sep. 30, 2013	$46,382	$24	$22,835	$24,989	$235	($1,701)
Ending Balance (in shares) at Sep. 30, 2013	'	2,460,080	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CHA1

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Issuance of common stock for initial public offering, expenses	'	$1,260
ESOP shares committed to be allocated, Shares	-9,629	-8,559

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net income	$1,786	$418
Adjustments to reconcile net income to net cash provided (used) by operating activities	'	'
Provision for loan losses	350	400
Depreciation and amortization	234	210
Net amortization of securities	187	187
Loans originated for sale	-19,468	-20,219
Principal amount of loans sold	28,505	12,207
(Gain) loss on sale of securities, net	-103	-51
Accretion of net deferred loan fees	-391	-304
Income on bank-owned life insurance	-161	-130
Deferred income tax benefit	-91	-783
Issuance of common stock to Wellesley Bank Charitable Foundation	'	1,575
ESOP expense	159	118
Share-based compensation	342	'
Net change in:	'	'
Accrued interest receivable	46	-167
Other assets	293	750
Accrued expenses and other liabilities	246	400
Net cash provided (used) by operating activities	11,934	-5,389
Cash flows from investing activities:	'	'
Net decrease (increase) in certificates of deposit:	500	-500
Activity in securities available for sale:	'	'
Maturities, prepayments and calls	6,662	7,838
Purchases	-5,063	-15,523
Proceeds from sales	1,429	1,624
(Purchase) redemption of Federal Home Loan Bank stock	-794	125
Loan originations, net	-62,004	-46,312
Additions to premises and equipment	-1,131	-1,111
Purchases of bank-owned life insurance	'	-2,000
Net cash used by investing activities	-60,401	-55,859
Cash flows from financing activities:	'	'
Net increase in deposits	29,389	34,801
Proceeds from long-term debt	22,500	26,000
Repayments of long-term debt	-13,500	-2,000
Increase (decrease) in short-term borrowings	5,000	-7,059
Conversion of stock subscriptions to common stock	'	-19,666
Net proceeds from the issuance of common stock	'	21,236
Payment to acquire treasury shares	-321	'
Acquisition of common stock by ESOP	'	-1,926
Net cash provided by financing activities	43,068	51,386
Net change in cash and cash equivalents	-5,399	-9,862
Cash and cash equivalents at beginning period	18,218	33,524
Cash and cash equivalents at end of period	12,819	23,662
Supplementary information:	'	'
Interest paid	2,025	1,927
Income taxes paid	$1,852	$840

STOCK_CONVERSION

STOCK CONVERSION	9 Months Ended
	Sep. 30, 2013
STOCK CONVERSION	'
	NOTE 1 - STOCK CONVERSION
	On July 20, 2011, the Board of Directors of Wellesley Bank (the “Bank”) adopted a Plan of Conversion (the “Plan”) whereby the Bank would convert from a Massachusetts mutual cooperative bank to a Massachusetts stock cooperative bank and become a wholly-owned subsidiary of a Maryland-chartered stock corporation, Wellesley Bancorp, Inc. (the “Company”).  The Company would offer stock on a priority basis to qualifying depositors, tax-qualified employee plans, and employees, officers and directors of the Bank (the “Conversion”).
	On January 25, 2012, the Conversion was completed and the Company became the parent holding company for the Bank.  A total of 2,249,674 shares of the Company common stock were issued, including those issued to our employee stock ownership plan, at $10.00 per share through which the Company received net offering proceeds of $21.2 million, net of conversion costs of $1.3 million.  Additionally, the Company contributed $225 thousand in cash and 157,477 shares of common stock to the Wellesley Bank Charitable Foundation (the “Foundation”).  The total number of shares of common stock outstanding upon completion of the Conversion was 2,407,151 shares.  All eligible subscribers and community members who properly completed and timely submitted a stock order form were allocated the number of shares of common stock requested in their stock order form.
	As part of the Conversion, the Bank established a liquidation account in an amount equal to the net worth of the Bank as of the date of the latest consolidated balance sheet appearing in the final prospectus distributed in connection with the Conversion, or $22.1 million.  The liquidation account will be maintained for the benefit of eligible account holders and supplemental eligible account holders who maintain their accounts at the Bank after the Conversion.  The liquidation account will be reduced annually to the extent that such account holders have reduced their qualifying deposits as of each fiscal year end.  Subsequent increases will not restore an account holder’s interest in the liquidation account.  In the event of a complete liquidation, each eligible account holder will be entitled to receive balances for accounts then held.

BASIS_OF_PRESENTATION_AND_CONS

BASIS OF PRESENTATION AND CONSOLIDATION	9 Months Ended
	Sep. 30, 2013
BASIS OF PRESENTATION AND CONSOLIDATION	'
	NOTE 2 - BASIS OF PRESENTATION AND CONSOLIDATION
	The accompanying unaudited interim consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary; 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 for the purpose of providing investment management services for individuals, not-for-profit entities and businesses; and Central Linden, LLC, formed for the purpose of holding, managing and selling foreclosed real estate.  All significant intercompany balances and transactions have been eliminated in consolidation.  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 2012 Annual Report on Form 10-K.  The results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013.

LOAN_POLICIES

LOAN POLICIES	9 Months Ended
	Sep. 30, 2013
LOAN POLICIES	'
	NOTE 3 - LOAN POLICIES
	The loan portfolio consists of real estate, commercial and other loans to the Company’s  customers in our primary market areas in eastern Massachusetts.  The ability of the Company’s debtors to honor their contracts is dependent upon the economy in general and the real estate and construction  sectors within our markets.
	Loans that management has the intent and ability to hold for the foreseeable future, or until maturity or pay-off, generally 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 not accrued on loans when  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 as losses are estimated to have occurred through a provision for loan losses charged to earnings.  Loan losses are charged against the allowance when management believes the uncollectibility of the loan balance is confirmed.  Subsequent recoveries, if any, are credited to the allowance.
	The allowance for loan losses is evaluated on a regular basis by management.  This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.  The allowance consists of general, allocated and unallocated components, as further described below.
	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, which generally ranges from 3-10 years.  This historical loss factor is adjusted for qualitative factors including: levels/trends in delinquencies; trends in volume, concentrations and terms of loans; effects of changes in risk selection and underwriting standards, and other changes in lending policies, procedures and practices; 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 2013 or 2012.
	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 owner and non-owner occupied residential real estate, and repayment is dependent on the credit quality of the individual borrower.
	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 are 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 obtains rent rolls and performs credit reviews on these loans.
	Construction – Loans in this segment, primarily single family residential construction, include speculative  loans for which payment is derived from sale of the property.  Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions.
	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 Company typically does not hold a first mortgage position on homes that secure home equity lines of credit. 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 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 is 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 consumer loans (residential, home equity lines of credit, personal and other consumer secured 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 financial strength of the borrower.  Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired.  Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.
	The Company periodically may agree to modify the contractual terms of loans.  When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR").  All TDRs are initially classified as impaired.
	Unallocated component
	An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses.  The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.

COMPREHENSIVE_INCOME

COMPREHENSIVE INCOME	9 Months Ended
	Sep. 30, 2013
COMPREHENSIVE INCOME	'
	NOTE 4 - COMPREHENSIVE INCOME
	Accounting principles generally require that recognized revenue, expenses, gains and losses be  included in net income.  Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the stockholders’ equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income/loss.
	The components of accumulated other comprehensive income and related tax effects are as follows:
		September 30,			December 31,
		2013			2012
		(In thousands)
	Unrealized holding gains on securities available for sale	$	385		$	1,297
	Tax effect		(150	)		(507	)
	Net-of tax amount	$	235		$	790

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2013
RECENT ACCOUNTING PRONOUNCEMENTS	'
	NOTE 5 - RECENT ACCOUNTING PRONOUNCEMENTS
	In February 2013, the Financial Accounting Standards Board  issued Accounting Standards Update No. 2013-02 related to disclosure of amounts reclassified out of accumulated other comprehensive income. The standard requires that companies present either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and the income statement line items affected by the reclassification. The new requirements are effective for public companies in fiscal years, and interim periods within those years, beginning after December 15, 2012. The Company adopted this standard on January 1, 2013, with no significant impact on the Company’s consolidated financial statements for the three or nine months ended September 30, 2013.

SECURITIES_AVAILABLE_FOR_SALE

SECURITIES AVAILABLE FOR SALE	9 Months Ended
	Sep. 30, 2013
SECURITIES AVAILABLE FOR SALE	'
	NOTE 6 – SECURITIES AVAILABLE FOR SALE
	The amortized cost and fair value of securities available for sale, with gross unrealized gains and losses, follows:
		30-Sep-13
		Amortized			Gross		Gross			Fair
		Cost			Unrealized		Unrealized			Value
					Gains		Losses
		(In thousands)
	Residential mortgage-backed securities:
	Government National Mortgage Association	$	8,387		$	191	$	(32	)	$	8,546
	Government-sponsored enterprises		10,038			186		(57	)		10,167
	SBA and other asset-backed securities		2,282			4		(78	)		2,208
	State and municipal bonds		4,029			117		(7	)		4,139
	Government-sponsored enterprise obligations		2,911			23		(33	)		2,901
	Corporate bonds		7,200			90		(19	)		7,271
		$	34,847		$	611	$	(226	)	$	35,232
		31-Dec-12
		Amortized			Gross		Gross			Fair
		Cost			Unrealized		Unrealized			Value
					Gains		Losses
		(In thousands)
	Residential mortgage-backed securities:
	Government National Mortgage Association	$	9,235		$	311	$	—		$	9,546
	Government-sponsored enterprises		10,841			372		—			11,213
	SBA and other asset-backed securities		3,988			139		—			4,127
	State and municipal bonds		5,604			362		(3	)		5,963
	Government-sponsored enterprise obligations		2,105			13		(3	)		2,115
	Corporate bonds		6,186			106		—			6,292
		$	37,959		$	1,303	$	(6	)	$	39,256
	The amortized cost and fair value of debt securities by contractual maturity at September 30, 2013 and December 31, 2012 are as follows.  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.
		30-Sep-13					31-Dec-12
		Amortized			Fair		Amortized			Fair
		Cost			Value		Cost			Value
		(In thousands)
	Within 1 year	$	2,752		$	2,764	$	154		$	155
	After 1 year to 5 years		5,605			5,694		7,454			7,603
	After 5 years to 10 years		2,616			2,670		2,912			2,990
	After 10 years		3,167			3,183		3,375			3,622
			14,140			14,311		13,895			14,370
	Mortgage- and asset-backed securities		20,707			20,921		24,064			24,886
		$	34,847		$	35,232	$	37,959		$	39,256
	Unrealized losses generally reflect declines in the fair value of a security, as compared to the carrying value of the security.  Recent increases in longer-term interest rates are reflected in lower fair values of certain securities in our portfolio than current carrying values, resulting in unrealized losses which we consider to be temporary in duration. Management currently does not have the intent to sell these securities and it is more likely that it will not have to sell these securities before recovery of their cost basis. 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			Fair		Gross			Fair
		Unrealized			Value		Unrealized			Value
		Losses					Losses
	30-Sep-13	(In thousands)
	Residential mortgage-backed securities:
	Government National Mortgage Association	$	(32	)	$	1,744	$	—		$	—
	Government-sponsored enterprises		(57	)		4,443		—			—
	SBA and other asset-backed securities		(78	)		1,406		—			—
	State and municipal bonds		(3	)		250		(4	)		296
	Government-sponsored enterprise obligations		(33	)		967		—			—
	Corporate bonds		(19	)		1,131		—			—
		$	(222	)	$	9,941	$	(4	)	$	296
	31-Dec-12
	State and municipal bonds	$	(3	)	$	299	$	—		$	—
	Government-sponsored enterprise obligations		(3	)		998		—			—
		$	(6	)	$	1,297	$	—		$	—

LOANS_AND_ALLOWANCE_FOR_LOAN_L

LOANS AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2013
LOANS AND ALLOWANCE FOR LOAN LOSSES	'
	NOTE 7 – LOANS AND ALLOWANCE FOR LOAN LOSSES
	A summary of the balances of loans is as follows:
		September 30,			December 31,
		2013			2012
		(In thousands)
	Real estate loans:
	Residential – fixed	$	22,105		$	19,524
	Residential – variable		144,999			111,041
	Commercial		78,482			80,200
	Construction		71,095			48,158
			316,681			258,923
	Commercial loans:
	Secured		13,085			14,854
	Unsecured		1,530			871
			14,615			15,725
	Consumer loans:
	Home equity lines of credit		28,906			23,111
	Other		443			455
			29,349			23,566
	Total loans		360,645			298,214
	Less:
	Allowance for loan losses		(4,158	)		(3,844	)
	Net deferred origination fees		(258	)		(279	)
	Loans, net	$	356,229		$	294,091
	The following table summarizes the changes in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2013 and 2012:
		Residential			Commercial			Construction			Commercial			Home			Other			Unallocated			Total
		Real Estate			Real Estate									Equity			Consumer
		(In thousands)
	Three Months Ended September 30, 2013
	Allowance at June 30, 2013	$	1,393		$	930		$	987		$	447		$	167		$	7		$	77		$	4,008
	Provision (credit) for loan losses		(65	)		(52	)		186			(53	)		155			1			(22	)		150
	Loans charged off		—			—			—			—			—			—			—			—
	Recoveries of loans previously		—			—			—			—			—			—			—			—
	charged off
	Allowance at September 30, 2013	$	1,328		$	878		$	1,173		$	394		$	322		$	8		$	55		$	4,158
	Three Months Ended September 30, 2012
	Allowance at June 30, 2012	$	1,047		$	956		$	921		$	403		$	162		$	13		$	48		$	3,550
	Provision (credit) for loan losses		115			107			(8	)		(22	)		(2	)		5			(45	)		150
	Loans charged off		—			—			—			—			—			(7	)		—			(7	)
	Recoveries of loans previously		—			—			—			—			—			1			—			1
	charged off
	Allowance at September 30, 2012	$	1,162		$	1,063		$	913		$	381		$	160		$	12		$	3		$	3,694
		Residential			Commercial			Construction			Commercial			Home			Other			Unallocated			Total
		Real Estate			Real Estate									Equity			Consumer
		(In thousands)
	Nine Months Ended September 30, 2013
	Allowance at December 31, 2012	$	1,157		$	1,041		$	918		$	456		$	171		$	11		$	90		$	3,844
	Provision (credit) for loan losses		171			(163	)		255			(26	)		151			(3	)		(35	)		350
	Loans charged off		—			—			—			(36	)		—			—			—			(36	)
	Recoveries of loans previously		—			—			—			—			—			—			—			—
	charged off
	Allowance at September 30, 2013	$	1,328		$	878		$	1,173		$	394		$	322		$	8		$	55		$	4,158
	Nine Months Ended September 30, 2012
	Allowance at December 31, 2011	$	626		$	988		$	1,119		$	382		$	153		$	16		$	112		$	3,396
	Provision (credit) for loan losses		536			75			(206	)		95			7			2			(109	)		400
	Loans charged off		—			—			—			(100	)		—			(8	)		—			(108	)
	Recoveries of loans previously		—			—			—			4			—			2			—			6
	charged off
	Allowance at September 30, 2012	$	1,162		$	1,063		$	913		$	381		$	160		$	12		$	3		$	3,694
	Further information pertaining to the allowance for loan losses at September 30, 2013 and December 31, 2012 is as follows:
		Residential			Commercial			Construction			Commercial			Home			Other			Unallocated			Total
		Real Estate			Real Estate									Equity			Consumer
		(In thousands)
30-Sep-13
Allowance related to loans	$	—		$	—		$	—		$	—		$	95		$	—		$	—		$	95
individually evaluated and
deemed to be impaired
Allowance related to loans		1,328			878			1,173			394			227			8			55			4,063
individually evaluated and
not deemed impaired, and
those collectively evaluated
for impairment
Total allowance	$	1,328		$	878		$	1,173		$	394		$	322		$	8		$	55		$	4,158
Impaired loan balances	$	427		$	5,294		$	—		$	—		$	522		$	—		$	—		$	6,243
individually evaluated and
deemed to be impaired
Loan balances individually		166,677			73,188			71,095			14,615			28,384			443			—			354,402
evaluated and not deemed
impaired, and those collectively
evaluated for impairment
Total loans	$	167,104		$	78,482		$	71,095		$	14,615		$	28,906		$	443		$	—		$	360,645
	Residential			Commercial			Construction			Commercial			Home			Other			Unallocated			Total
	Real Estate			Real Estate									Equity			Consumer
	(In thousands)
31-Dec-12
Allowance related to loans	$	—		$	94		$	—		$	26		$	—		$	—		$	—		$	120
individually evaluated and
deemed to be impaired
Allowance related to loans		1,157			947			918			430			171			11			90			3,724
individually evaluated and
not deemed impaired, and
those collectively evaluated
for impairment
Total allowance	$	1,157		$	1,041		$	918		$	456		$	171		$	11		$	90		$	3,844
Impaired loan balances	$	541		$	5,657		$	—		$	76		$	308		$	—		$	—		$	6,582
individually evaluated and
deemed to be impaired
Loan balances individually		130,024			74,543			48,158			15,649			22,803			455			—			291,632
evaluated and not deemed
impaired, and those collectively
evaluated for impairment
Total loans	$	130,565		$	80,200		$	48,158		$	15,725		$	23,111		$	455		$	—		$	298,214
The following is a summary of past due and non-accrual loans at September 30, 2013 and December 31, 2012:
	30-59 Days			60-89 Days			Past Due 90			Total			Past Due 90			Non-accrual
	Past Due			Past Due			Days or More			Past Due			Days or More			Loans
													and Accruing
	(In thousands)
30-Sep-13
Residential real estate	$	804		$	—		$	350		$	1,154		$	—		$	901
Commercial real estate		599			—			—			599			—			1,874
Commercial		—			36			—			36			—			—
Home equity lines of credit		109			—			487			596			—			522
Other consumer loans		104			—			—			104			—			—
Total	$	1,616		$	36		$	837		$	2,489		$	—		$	3,297
	30-59 Days			60-89 Days			Past Due 90			Total			Past Due 90			Non-accrual
	Past Due			Past Due			Days or More			Past Due			Days or More			Loans
													and Accruing
	(In thousands)
31-Dec-12
Residential real estate	$	1,483		$	217		$	306		$	2,006		$	—		$	540
Commercial real estate		—			—			2,756			2,756			—			2,932
Commercial		2,452			19			—			2,471			—			—
Home equity lines of credit		874			—			34			908			—			38
Total	$	4,809		$	236		$	3,096		$	8,141		$	—		$	3,510
The following is a summary of impaired loans at September 30, 2013 and December 31, 2012:
	30-Sep-13									31-Dec-12
	Recorded			Unpaid			Related			Recorded			Unpaid			Related
	Investment			Principal			Allowance			Investment			Principal			Allowance
				Balance									Balance
	(In thousands)
Impaired loans without a valuation allowance:
Residential real estate	$	427		$	427		$	—		$	541		$	541		$	—
Commercial real estate		5,294			5,294			—			5,481			5,481			—
Commercial		—			—			—			50			50			—
Home equity lines of credit		35			35			—			308			308			—
Total		5,756			5,756			—			6,380			6,380			—
Impaired loans with a valuation allowance:
Commercial real estate		—			—			—			176			176			94
Commercial		—			—			—			26			26			26
Home equity lines of credit		487			487			95			—			—			—
Total		487			487			95			202			202			120
Total impaired loans	$	6,243		$	6,243		$	95		$	6,582		$	6,582		$	120
Further information pertaining to impaired loans follows:
	Three Months Ended September 30, 2013									Nine Months Ended September 30, 2013
	Average			Interest			Interest			Average			Interest			Interest
	Recorded			Income			Income			Recorded			Income			Income
	Investment			Recognized			Recognized			Investment			Recognized			Recognized
							on Cash Basis									on Cash Basis
	(In thousands)
Residential real estate	$	524		$	4		$	11		$	576		$	16		$	22
Commercial real estate		5,532			73			80			5,909			248			282
Commercial		385			4			6			257			13			12
Home equity lines of credit		156			2			—			111			2			1
Total	$	6,597		$	83		$	97		$	6,853		$	279		$	317
	Three Months Ended September 30, 2012									Nine Months Ended September 30, 2012
	Average			Interest			Interest			Average			Interest			Interest
	Recorded			Income			Income			Recorded			Income			Income
	Investment			Recognized			Recognized			Investment			Recognized			Recognized
							on Cash Basis									on Cash Basis
	(In thousands)
Residential real estate	$	762		$	3		$	3		$	1,509		$	62		$	62
Commercial real estate		350			—			—			513			38			38
Construction		2,907			30			30			2,758			111			111
Commercial		—			—			—			4			2			2
Home equity lines of credit		93			1			1			67			1			1
Other consumer loans		7			—			0			11			0			0
Total	$	4,119		$	34		$	34		$	4,862		$	214		$	214
No additional funds are committed to be advanced in connection with impaired loans.
There were no troubled debt restructurings recorded during the three and nine month periods ended September 30, 2013. There were no troubled debt restructurings that defaulted during the three and nine month periods ended September 30, 2013, and for which default was within one year of the restructure date.
There were no troubled debt restructurings recorded during the three month period ended September 30, 2012. There were no troubled debt restructurings that defaulted during the three and nine month periods ended September 30, 2012, and which default was within one year of the restructure date.
The following is a summary of troubled debt restructurings for the nine months ended September 30, 2012:
	Number of			Pre-Modification			Post-Modification
	Contracts			Outstanding			Outstanding Recorded
				Recorded			Investment
				Investment
	(Dollars in thousands)
Nine Months Ended September 30, 2012
Residential  real estate		2		$	1,088		$	1,088
Commercial real estate		2			257			257
Total		4		$	1,345		$	1,345
In the nine month period ended September 30, 2012, monthly payment terms were modified on two residential real estate loans to a level comparable with rates offered to high quality borrowers. One loan totaling $881 thousand was paid in full during the quarter ended September 30, 2012. The remaining loan was on non-accrual status as of quarter-end September 30, 2012. There were no reserves for expected uncollectible principal on this loan at September 30, 2012 or 2013.
During the same period, monthly payment terms were modified on two commercial real estate loans to one borrower to reduce required payments.   These loans were on non-accrual status and in a principal-only collection status as of September 30, 2012. Reserves for expected uncollectible principal totaling $97 thousand were established and a component of the specific reserve allowance for loan losses as of September 30, 2012.  These loans were resolved during 2013 with no losses incurred.
Credit Quality Information
The Company utilizes an eleven-grade internal loan rating system for commercial real estate, construction and commercial loans as follows:
Loans rated 1 – 3 and 31:  Loans in these categories are considered “pass” rated loans with low to average risk.
Loans rated 4:  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 5:  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 6:  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 7:  Loans in this category are considered uncollectible (“loss”) and of such little value that their continuance as loans is not warranted.
Category 8:  Loans in this category only include commercial loans under $25 thousand with no other outstandings or relationships with the Company.  In accordance with regulatory guidelines, these loans are not rated.
Category 9:  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.
Category 10:  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 a 10 rating, information is still not available to allow a standard rating, the credit will be rated 5.
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. Currently, there are no loans rated in categories 7and10.
The following table presents the Company’s loans by risk rating:
	30-Sep-13												31-Dec-12
	Commercial			Construction			Commercial			Total			Commercial			Construction			Commercial			Total
	Real Estate												Real Estate
	(In thousands)
Loans rated 1–3 and 31	$	71,703		$	71,095		$	13,957		$	156,755		$	73,312		$	48,158		$	14,002		$	135,472
Loans rated 4		4,108			—			628			4,736			4,235			—			1,390			5,625
Loans rated 5		2,671			—			—			2,671			2,477			—			333			2,810
Loans rated 6		—			—			—			—			176			—			—			176
Loans rated 8		—			—			25			25			—			—			—			—
Loans rated 9		—			—			5			5			—			—			—			—
Total	$	78,482		$	71,095		$	14,615		$	164,192		$	80,200		$	48,158		$	15,725		$	144,083

FAIR_VALUES_OF_FINANCIAL_INSTR

FAIR VALUES OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2013
FAIR VALUES OF FINANCIAL INSTRUMENTS	'
	NOTE 8 – FAIR VALUES OF FINANCIAL INSTRUMENTS
	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.  The fair value of a financial instrument 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 financial instruments.  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 instrument.
	Fair value hierarchy
	The Company groups its assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value.
	Level 1 – Valuation is based on quoted market prices in active exchange markets for identical assets and liabilities.  Valuations are obtained from readily available pricing sources.
	Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets 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 instruments 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.
	The following methods and assumptions were used by the Company in estimating fair value disclosures:
	Cash, cash equivalents and certificates of deposit:  The carrying amounts approximate fair values based on the short-term nature of the assets.
	Securities available for sale:  Fair value measurements are obtained from a third-party pricing service and are not adjusted by management.  Securities measured at fair value in Level 2 are based on pricing 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.
	FHLB stock:  The carrying value of FHLB stock is deemed to approximate fair value, based on the redemption provisions of the FHLB of Boston.
	Loans held for sale:  Fair values are based on commitments in effect from investors or prevailing market prices.
	Loans, net:  For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values.  Fair values for other loans are estimated using discounted cash flow analyses, using market interest rates currently being offered for loans with similar terms to borrowers of similar credit quality.  Fair values for impaired loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable.
	Deposits:  The fair values disclosed for non-certificate deposit accounts are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts).  Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits.
	Short-term borrowings:  The carrying amount of short-term borrowings approximates fair value, based on the short-term nature of the liabilities.
	Long-term debt: The fair values of long-term debt are estimated using discounted cash flow analyses based on the current incremental borrowing rates in the market for similar types of borrowing arrangements.
	Accrued interest: The carrying amounts of accrued interest approximate fair value.
	Forward loan sale commitments and derivative loan commitments: Fair value of derivative loan commitments are based on fair values of the underlying mortgage loans and related servicing rights, and the probability of such commitments being exercised. Fair value of forward loan sales commitments are based on changes in fair value of the underlying mortgage loans from the commitment date to the reporting date.
	Off-balance sheet instruments: Fair values for off-balance-sheet lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing.  The fair values of these instruments are considered immaterial.
	Assets and liabilities measured at fair value on a recurring basis
	Assets and liabilities measured at fair value on a recurring basis at September 30, 2013 and December 31, 2012 are summarized below.
		30-Sep-13
		Level 1			Level 2		Level 3			Fair Value
		(In thousands)
	Assets
	Securities available for sale	$	—		$	35,232	$	—		$	35,232
	Derivative loan commitments		—			—		8			8
	Total assets	$	—		$	35,232	$	8		$	39,240
	Liabilities
	Forward  loan sale commitments	$	—		$	—	$	5		$	5
		31-Dec-12
		Level 1			Level 2		Level 3			Fair Value
		(In thousands)
	Assets
	Securities available for sale	$	—		$	39,256	$	—		$	39,256
	Derivative loan commitments		—			—		10			10
	Forward loan sale commitments		—			—		22			22
	Total assets	$	—		$	39,256	$	32		$	39,288
	Liabilities
	Forward loan sale commitments	$	—		$	—	$	18		$	18
	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.  The following table summarizes the fair value hierarchy used to determine each adjustment and the carrying value of the related individual assets as of September 30, 2013 and December 31, 2012.
		30-Sep-13								31-Dec-12
		Level 1			Level 2		Level 3			Level 1		Level 2		Level 3
		(In thousands)
	Impaired loans	$	—		$	—	$	392		$	—	$	—	$	82
	The following table presents the total (losses) gains related to the fair value measurement on loans held for sale and impaired loans for the three and nine month periods ended September 30, 2013 and 2012.
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2013			2012		2013			2012
		(In thousands)					(In thousands)
	Loans held for sale	$	160		$	—	$	—		$	—
	Impaired loans		(95	)		27		(1	)		333
		$	65		$	27	$	(1	)	$	333
	Loans held for sale (LHFS) are evaluated for losses associated with the application of LOCOM accounting. At September 30, 2013, and December 31, 2012, there were no LOCOM adjustments.
	Losses applicable to certain impaired loans are estimated using the appraised value of the underlying collateral considering discounting factors and adjusted for selling costs.  The loss is not recorded directly as an adjustment to current earnings, but rather as a component in determining the overall adequacy of the allowance for loan losses.  Adjustments to the estimated fair value of impaired loans may result in increases or decreases to the provision for loan losses.
	There are no liabilities measured at fair value on a non-recurring basis at September 30, 2013 and December 31, 2012.
	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.
		30-Sep-13
					Fair Value
	Carrying			Level 1		Level 2			Level 3		Total
	Amount
	(In thousands)
Financial assets
Cash and cash equivalents	$	12,819		$	12,819	$	—		$	—	$	12,819
Certificates of deposit		100			100		—			—		100
Securities available for sale		35,232			—		35,232			—		35,232
FHLB stock		2,799			—		—			2,799		2,799
Loans, net		356,229			—		—			354,379		354,379
Accrued interest receivable		973			—		—			973		973
Derivative loan commitments		8			—		—			8		8
Financial liabilities
Deposits	$	327,448		$	—	$	—		$	328,181	$	328,181
Long-term debt		40,500			—		40,356			—		40,356
Short-term borrowings		5,000			5,000		—			—		5,000
Accrued interest payable		49			—		—			49		49
Forward  loan sale commitments		5			—		—			5		5
	31-Dec-12
				Fair Value
	Carrying			Level 1		Level 2			Level 3		Total
	Amount
	(In thousands)
Financial assets
Cash and cash equivalents	$	18,218		$	18,218	$	—		$	—	$	18,218
Certificates of deposit		600			600		—			—		600
Securities available for sale		39,256			—		39,256			—		39,256
FHLB stock		2,005			—		—			2,005		2,005
Loans held for sale		9,130			—		9,130			—		9,130
Loans, net		294,091			—		—			294,618		294,618
Accrued interest receivable		1,019			—		—			1,019		1,019
Derivative loan commitments		10			—		—			10		10
Forward loan sale commitments		22			—		—			22		22
Financial liabilities
Deposits	$	298,059		$	—	$	—		$	298,949	$	298,949
Long-term debt		31,500			—		31,961			—		31,961
Accrued interest payable		5			—		—			5		5
Forward  loan sale commitments		18			—		—			18		18

EMPLOYEE_STOCK_OWNERSHIP_PLAN

EMPLOYEE STOCK OWNERSHIP PLAN	9 Months Ended
	Sep. 30, 2013
EMPLOYEE STOCK OWNERSHIP PLAN	'
	NOTE 9 - EMPLOYEE STOCK OWNERSHIP PLAN
	The Company maintains an Employee Stock Ownership Plan (“ESOP”) to provide eligible employees the opportunity to own Company stock.  This plan is a tax-qualified retirement plan for the benefit of all Company employees.  Contributions are allocated to eligible participants on the basis of compensation, subject to federal tax limits.
	The Company granted a loan to the ESOP for the purchase of shares of the Company’s common stock at the Conversion date.  As of September 30, 2013, the ESOP holds 192,572 shares or 7.83% of the common stock outstanding on that date.  The loan obtained by the ESOP from the Company to purchase common stock is payable annually over 15 years at the rate of 3.25% per annum.  The loan can be prepaid without penalty.  Loan payments are expected to be funded by cash contributions from the Company.  The loan is secured by the shares purchased, which are held in a suspense account for allocation among participants as the loan is repaid.  Cash dividends paid on allocated shares will be distributed to participants and cash dividends paid on unallocated shares will be used to repay the outstanding debt of the ESOP.  Shares used as collateral to secure the loan are released and available for allocation to eligible employees as the principal and interest on the loan is paid.
	Shares held by the ESOP include the following:
		September 30,
		2013
	Allocated		12,838
	Committed to be allocated		9,629
	Unallocated		170,105
			192,572
	The fair value of unallocated shares was approximately $3.0 million at September 30, 2013.
	Total compensation expense recognized in connection with the ESOP for the three and nine month periods ended September 30, 2013 was $57 thousand and $159 thousand, respectively.

EQUITY_INCENTIVE_PLAN

EQUITY INCENTIVE PLAN	9 Months Ended
	Sep. 30, 2013
EQUITY INCENTIVE PLAN	'
	NOTE 10 - EQUITY INCENTIVE PLAN
	Under the Company’s Equity Incentive Plan (the “Plan”), approved by the Company’s stockholders at the annual meeting on August 15, 2012, the Company may grant stock options to its management, employees and directors in the form of incentive stock options and non-qualified stock options for up to 240,751 shares.  On October 1, 2012, the Board of Directors granted options to purchase 203,395 shares of the Company’s common stock to its management, employees and directors at an exercise price of $15.35 per share.  The exercise price of each option equals the market price of the stock on the date of grant, and the maximum term of each option is 10 years.  The vesting period is five years from the date of grant, with vesting at 20% per year. The weighted average fair value of stock options granted on October 1, 2012 using a Black-Scholes pricing model was $4.69.
	On October 1, 2013, the Board of Directors granted options to purchase 11,500 shares of the Company’s common stock to certain employees at an exercise price of $17.45 per share. The exercise price of each option equals the market price of the stock on the date of grant, and the maximum term of each option is 10 years.  The vesting period is five years from the date of grant, with vesting at 20% per year. The weighted average fair value of stock options granted on October 1, 2013 using a Black-Scholes pricing model was $5.62.
	For the three and nine month periods ended September 30, 2013, share-based compensation expense applicable to the stock options was $48 thousand and $143 thousand, respectively, and the recognized tax benefit related to this expense was $9 thousand and $28 thousand, respectively.
	Unrecognized compensation expense for the non-vested options totaled $763 thousand as of September 30, 2013, which will be recognized over the remaining vesting period of 4.0 years.  The aggregate intrinsic value of unvested options at September 30, 2013 was approximately $427 thousand. No options are exercisable as of September 30, 2013.
	Under the Plan, the Company may also grant stock awards to management, employees and directors for up to 96,286 shares.  Granted stock awards vest over five years at 20% per year.  On October 1, 2012, the Board of Directors granted stock awards of 86,539 shares to its management, employees and directors.  The fair market value of the stock awards, based on the market price of $15.35 at the grant date, will be amortized over the remaining vesting period of 4.0 years. Unrecognized compensation expense related to non-vested restricted stock totaled $1.1 million as of September 30, 2013.
	On October 1, 2013, the Board of Directors granted stock awards of 2,750 shares to certain employees.  The fair market value of the stock awards, based on the market price of $17.45 at the grant date, will be amortized over the remaining vesting period of 5.0 years. These awards will have no impact on reported earnings per share.
	For the three and nine month periods ended September 30, 2013, compensation expense applicable to stock awards was $66 thousand and $199 thousand, respectively.  The recognized tax benefit related to the expense was $27 thousand and $80 thousand, respectively.
	There was no activity related to stock options or awards during the three or nine months ended September 30, 2013.

EARNINGS_PER_COMMON_SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 30, 2013
EARNINGS PER COMMON SHARE	'
	NOTE 11 - EARNINGS PER COMMON SHARE
	Basic earnings per share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period.  Diluted earnings per share 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.  There were no potentially dilutive common stock equivalents as of September 30, 2013.  Under the Company’s Equity Incentive Plan, stock awards granted on October 1, 2012 contain non-forfeitable dividend rights. Accordingly, these shares are considered outstanding for computation of basic earnings per share.  Options to purchase 203,395 shares were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the three and nine months ended September 30, 2013.
	Earnings per common share have been computed as follows:
		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2012			2013			2012
		(Dollars in thousands)
	Net income applicable to common stock	$	607		$	537		$	1,786		$	418
	Average number of common shares outstanding		2,460,463			2,407,152			2,465,322			N/A
	Less: Average unallocated ESOP shares		(171,711	)		(185,618	)		(174,920	)		N/A
	Average number of common shares outstanding		2,288,752			2,221,534			2,290,402			N/A
	used to calculate basic and fully diluted earnings
	per common share
	Net income per common share (basic and diluted)	$	0.27		$	0.24		$	0.78			N/A
	N/A =ot applicable

STOCK_REPURCHASE_PLAN

STOCK REPURCHASE PLAN	9 Months Ended
	Sep. 30, 2013
STOCK REPURCHASE PLAN	'
	NOTE 12 – STOCK REPURCHASE PLAN
	On October 1, 2012, the Board of Directors approved the repurchase of up to 96,286 shares, or approximately 4.0% of the Company’s outstanding common stock. At September 30, 2013, the Company had repurchased and retired 33,610 shares.

COMPREHENSIVE_INCOME_Tables

COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2013
Components of Accumulated Other Comprehensive Income	'
	The components of accumulated other comprehensive income and related tax effects are as follows:
		September 30,			December 31,
		2013			2012
		(In thousands)
	Unrealized holding gains on securities available for sale	$	385		$	1,297
	Tax effect		(150	)		(507	)
	Net-of tax amount	$	235		$	790

SECURITIES_AVAILABLE_FOR_SALE_

SECURITIES AVAILABLE FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2013
Amortized Cost and Fair Value of Securities Available for Sale with Gross Unrealized Gains and Losses	'
	The amortized cost and fair value of securities available for sale, with gross unrealized gains and losses, follows:
		30-Sep-13
		Amortized			Gross		Gross			Fair
		Cost			Unrealized		Unrealized			Value
					Gains		Losses
		(In thousands)
	Residential mortgage-backed securities:
	Government National Mortgage Association	$	8,387		$	191	$	(32	)	$	8,546
	Government-sponsored enterprises		10,038			186		(57	)		10,167
	SBA and other asset-backed securities		2,282			4		(78	)		2,208
	State and municipal bonds		4,029			117		(7	)		4,139
	Government-sponsored enterprise obligations		2,911			23		(33	)		2,901
	Corporate bonds		7,200			90		(19	)		7,271
		$	34,847		$	611	$	(226	)	$	35,232
		31-Dec-12
		Amortized			Gross		Gross			Fair
		Cost			Unrealized		Unrealized			Value
					Gains		Losses
		(In thousands)
	Residential mortgage-backed securities:
	Government National Mortgage Association	$	9,235		$	311	$	—		$	9,546
	Government-sponsored enterprises		10,841			372		—			11,213
	SBA and other asset-backed securities		3,988			139		—			4,127
	State and municipal bonds		5,604			362		(3	)		5,963
	Government-sponsored enterprise obligations		2,105			13		(3	)		2,115
	Corporate bonds		6,186			106		—			6,292
		$	37,959		$	1,303	$	(6	)	$	39,256
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity	'
	The amortized cost and fair value of debt securities by contractual maturity at September 30, 2013 and December 31, 2012 are as follows.  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.
		30-Sep-13					31-Dec-12
		Amortized			Fair		Amortized			Fair
		Cost			Value		Cost			Value
		(In thousands)
	Within 1 year	$	2,752		$	2,764	$	154		$	155
	After 1 year to 5 years		5,605			5,694		7,454			7,603
	After 5 years to 10 years		2,616			2,670		2,912			2,990
	After 10 years		3,167			3,183		3,375			3,622
			14,140			14,311		13,895			14,370
	Mortgage- and asset-backed securities		20,707			20,921		24,064			24,886
		$	34,847		$	35,232	$	37,959		$	39,256
Information Pertaining to Securities with Gross Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Loss Position	'
	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			Fair		Gross			Fair
		Unrealized			Value		Unrealized			Value
		Losses					Losses
	30-Sep-13	(In thousands)
	Residential mortgage-backed securities:
	Government National Mortgage Association	$	(32	)	$	1,744	$	—		$	—
	Government-sponsored enterprises		(57	)		4,443		—			—
	SBA and other asset-backed securities		(78	)		1,406		—			—
	State and municipal bonds		(3	)		250		(4	)		296
	Government-sponsored enterprise obligations		(33	)		967		—			—
	Corporate bonds		(19	)		1,131		—			—
		$	(222	)	$	9,941	$	(4	)	$	296
	31-Dec-12
	State and municipal bonds	$	(3	)	$	299	$	—		$	—
	Government-sponsored enterprise obligations		(3	)		998		—			—
		$	(6	)	$	1,297	$	—		$	—

LOANS_AND_ALLOWANCE_FOR_LOAN_L1

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2013
Summary of Balances of Loans	'
	A summary of the balances of loans is as follows:
		September 30,			December 31,
		2013			2012
		(In thousands)
	Real estate loans:
	Residential – fixed	$	22,105		$	19,524
	Residential – variable		144,999			111,041
	Commercial		78,482			80,200
	Construction		71,095			48,158
			316,681			258,923
	Commercial loans:
	Secured		13,085			14,854
	Unsecured		1,530			871
			14,615			15,725
	Consumer loans:
	Home equity lines of credit		28,906			23,111
	Other		443			455
			29,349			23,566
	Total loans		360,645			298,214
	Less:
	Allowance for loan losses		(4,158	)		(3,844	)
	Net deferred origination fees		(258	)		(279	)
	Loans, net	$	356,229		$	294,091
Changes in Allowance for Loan Losses by Portfolio Segment	'
	The following table summarizes the changes in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2013 and 2012:
		Residential			Commercial			Construction			Commercial			Home			Other			Unallocated			Total
		Real Estate			Real Estate									Equity			Consumer
		(In thousands)
	Three Months Ended September 30, 2013
	Allowance at June 30, 2013	$	1,393		$	930		$	987		$	447		$	167		$	7		$	77		$	4,008
	Provision (credit) for loan losses		(65	)		(52	)		186			(53	)		155			1			(22	)		150
	Loans charged off		—			—			—			—			—			—			—			—
	Recoveries of loans previously		—			—			—			—			—			—			—			—
	charged off
	Allowance at September 30, 2013	$	1,328		$	878		$	1,173		$	394		$	322		$	8		$	55		$	4,158
	Three Months Ended September 30, 2012
	Allowance at June 30, 2012	$	1,047		$	956		$	921		$	403		$	162		$	13		$	48		$	3,550
	Provision (credit) for loan losses		115			107			(8	)		(22	)		(2	)		5			(45	)		150
	Loans charged off		—			—			—			—			—			(7	)		—			(7	)
	Recoveries of loans previously		—			—			—			—			—			1			—			1
	charged off
	Allowance at September 30, 2012	$	1,162		$	1,063		$	913		$	381		$	160		$	12		$	3		$	3,694
		Residential			Commercial			Construction			Commercial			Home			Other			Unallocated			Total
		Real Estate			Real Estate									Equity			Consumer
		(In thousands)
	Nine Months Ended September 30, 2013
	Allowance at December 31, 2012	$	1,157		$	1,041		$	918		$	456		$	171		$	11		$	90		$	3,844
	Provision (credit) for loan losses		171			(163	)		255			(26	)		151			(3	)		(35	)		350
	Loans charged off		—			—			—			(36	)		—			—			—			(36	)
	Recoveries of loans previously		—			—			—			—			—			—			—			—
	charged off
	Allowance at September 30, 2013	$	1,328		$	878		$	1,173		$	394		$	322		$	8		$	55		$	4,158
	Nine Months Ended September 30, 2012
	Allowance at December 31, 2011	$	626		$	988		$	1,119		$	382		$	153		$	16		$	112		$	3,396
	Provision (credit) for loan losses		536			75			(206	)		95			7			2			(109	)		400
	Loans charged off		—			—			—			(100	)		—			(8	)		—			(108	)
	Recoveries of loans previously		—			—			—			4			—			2			—			6
	charged off
	Allowance at September 30, 2012	$	1,162		$	1,063		$	913		$	381		$	160		$	12		$	3		$	3,694
Further Information Pertaining to Allowance for Loan Losses	'
	Further information pertaining to the allowance for loan losses at September 30, 2013 and December 31, 2012 is as follows:
		Residential			Commercial			Construction			Commercial			Home			Other			Unallocated			Total
		Real Estate			Real Estate									Equity			Consumer
		(In thousands)
	30-Sep-13
	Allowance related to loans	$	—		$	—		$	—		$	—		$	95		$	—		$	—		$	95
	individually evaluated and
	deemed to be impaired
	Allowance related to loans		1,328			878			1,173			394			227			8			55			4,063
	individually evaluated and
	not deemed impaired, and
	those collectively evaluated
	for impairment
	Total allowance	$	1,328		$	878		$	1,173		$	394		$	322		$	8		$	55		$	4,158
	Impaired loan balances	$	427		$	5,294		$	—		$	—		$	522		$	—		$	—		$	6,243
	individually evaluated and
	deemed to be impaired
	Loan balances individually		166,677			73,188			71,095			14,615			28,384			443			—			354,402
	evaluated and not deemed
	impaired, and those collectively
	evaluated for impairment
	Total loans	$	167,104		$	78,482		$	71,095		$	14,615		$	28,906		$	443		$	—		$	360,645
		Residential			Commercial			Construction			Commercial			Home			Other			Unallocated			Total
		Real Estate			Real Estate									Equity			Consumer
		(In thousands)
	31-Dec-12
	Allowance related to loans	$	—		$	94		$	—		$	26		$	—		$	—		$	—		$	120
	individually evaluated and
	deemed to be impaired
	Allowance related to loans		1,157			947			918			430			171			11			90			3,724
	individually evaluated and
	not deemed impaired, and
	those collectively evaluated
	for impairment
	Total allowance	$	1,157		$	1,041		$	918		$	456		$	171		$	11		$	90		$	3,844
	Impaired loan balances	$	541		$	5,657		$	—		$	76		$	308		$	—		$	—		$	6,582
	individually evaluated and
	deemed to be impaired
	Loan balances individually		130,024			74,543			48,158			15,649			22,803			455			—			291,632
	evaluated and not deemed
	impaired, and those collectively
	evaluated for impairment
	Total loans	$	130,565		$	80,200		$	48,158		$	15,725		$	23,111		$	455		$	—		$	298,214
Past Due and Nonaccrual Loans	'
	The following is a summary of past due and non-accrual loans at September 30, 2013 and December 31, 2012:
		30-59 Days			60-89 Days			Past Due 90			Total			Past Due 90			Non-accrual
		Past Due			Past Due			Days or More			Past Due			Days or More			Loans
														and Accruing
		(In thousands)
	30-Sep-13
	Residential real estate	$	804		$	—		$	350		$	1,154		$	—		$	901
	Commercial real estate		599			—			—			599			—			1,874
	Commercial		—			36			—			36			—			—
	Home equity lines of credit		109			—			487			596			—			522
	Other consumer loans		104			—			—			104			—			—
	Total	$	1,616		$	36		$	837		$	2,489		$	—		$	3,297
		30-59 Days			60-89 Days			Past Due 90			Total			Past Due 90			Non-accrual
		Past Due			Past Due			Days or More			Past Due			Days or More			Loans
														and Accruing
		(In thousands)
	31-Dec-12
	Residential real estate	$	1,483		$	217		$	306		$	2,006		$	—		$	540
	Commercial real estate		—			—			2,756			2,756			—			2,932
	Commercial		2,452			19			—			2,471			—			—
	Home equity lines of credit		874			—			34			908			—			38
	Total	$	4,809		$	236		$	3,096		$	8,141		$	—		$	3,510
Impaired Loans	'
	The following is a summary of impaired loans at September 30, 2013 and December 31, 2012:
		30-Sep-13									31-Dec-12
		Recorded			Unpaid			Related			Recorded			Unpaid			Related
		Investment			Principal			Allowance			Investment			Principal			Allowance
					Balance									Balance
		(In thousands)
	Impaired loans without a valuation allowance:
	Residential real estate	$	427		$	427		$	—		$	541		$	541		$	—
	Commercial real estate		5,294			5,294			—			5,481			5,481			—
	Commercial		—			—			—			50			50			—
	Home equity lines of credit		35			35			—			308			308			—
	Total		5,756			5,756			—			6,380			6,380			—
	Impaired loans with a valuation allowance:
	Commercial real estate		—			—			—			176			176			94
	Commercial		—			—			—			26			26			26
	Home equity lines of credit		487			487			95			—			—			—
	Total		487			487			95			202			202			120
	Total impaired loans	$	6,243		$	6,243		$	95		$	6,582		$	6,582		$	120
Further Information Pertaining to Impaired Loans	'
	Further information pertaining to impaired loans follows:
		Three Months Ended September 30, 2013									Nine Months Ended September 30, 2013
		Average			Interest			Interest			Average			Interest			Interest
		Recorded			Income			Income			Recorded			Income			Income
		Investment			Recognized			Recognized			Investment			Recognized			Recognized
								on Cash Basis									on Cash Basis
		(In thousands)
	Residential real estate	$	524		$	4		$	11		$	576		$	16		$	22
	Commercial real estate		5,532			73			80			5,909			248			282
	Commercial		385			4			6			257			13			12
	Home equity lines of credit		156			2			—			111			2			1
	Total	$	6,597		$	83		$	97		$	6,853		$	279		$	317
		Three Months Ended September 30, 2012									Nine Months Ended September 30, 2012
		Average			Interest			Interest			Average			Interest			Interest
		Recorded			Income			Income			Recorded			Income			Income
		Investment			Recognized			Recognized			Investment			Recognized			Recognized
								on Cash Basis									on Cash Basis
		(In thousands)
	Residential real estate	$	762		$	3		$	3		$	1,509		$	62		$	62
	Commercial real estate		350			—			—			513			38			38
	Construction		2,907			30			30			2,758			111			111
	Commercial		—			—			—			4			2			2
	Home equity lines of credit		93			1			1			67			1			1
	Other consumer loans		7			—			0			11			0			0
	Total	$	4,119		$	34		$	34		$	4,862		$	214		$	214
Troubled Debt Restructurings	'
	The following is a summary of troubled debt restructurings for the nine months ended September 30, 2012:
		Number of			Pre-Modification			Post-Modification
		Contracts			Outstanding			Outstanding Recorded
					Recorded			Investment
					Investment
		(Dollars in thousands)
	Nine Months Ended September 30, 2012
	Residential  real estate		2		$	1,088		$	1,088
	Commercial real estate		2			257			257
	Total		4		$	1,345		$	1,345
Loans by Risk Rating and by Category	'
	The following table presents the Company’s loans by risk rating:
		30-Sep-13												31-Dec-12
		Commercial			Construction			Commercial			Total			Commercial			Construction			Commercial			Total
		Real Estate												Real Estate
		(In thousands)
	Loans rated 1–3 and 31	$	71,703		$	71,095		$	13,957		$	156,755		$	73,312		$	48,158		$	14,002		$	135,472
	Loans rated 4		4,108			—			628			4,736			4,235			—			1,390			5,625
	Loans rated 5		2,671			—			—			2,671			2,477			—			333			2,810
	Loans rated 6		—			—			—			—			176			—			—			176
	Loans rated 8		—			—			25			25			—			—			—			—
	Loans rated 9		—			—			5			5			—			—			—			—
	Total	$	78,482		$	71,095		$	14,615		$	164,192		$	80,200		$	48,158		$	15,725		$	144,083

FAIR_VALUES_OF_FINANCIAL_INSTR1

FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2013
Assets Measured at Fair Value on Recurring Basis	'
	Assets and liabilities measured at fair value on a recurring basis at September 30, 2013 and December 31, 2012 are summarized below.
		30-Sep-13
		Level 1			Level 2		Level 3			Fair Value
		(In thousands)
	Assets
	Securities available for sale	$	—		$	35,232	$	—		$	35,232
	Derivative loan commitments		—			—		8			8
	Total assets	$	—		$	35,232	$	8		$	39,240
	Liabilities
	Forward  loan sale commitments	$	—		$	—	$	5		$	5
		31-Dec-12
		Level 1			Level 2		Level 3			Fair Value
		(In thousands)
	Assets
	Securities available for sale	$	—		$	39,256	$	—		$	39,256
	Derivative loan commitments		—			—		10			10
	Forward loan sale commitments		—			—		22			22
	Total assets	$	—		$	39,256	$	32		$	39,288
	Liabilities
	Forward loan sale commitments	$	—		$	—	$	18		$	18
Fair Value Hierarchy Used to Determine Each Adjustment and Carrying Value of Related Individual Assets	'
	The following table summarizes the fair value hierarchy used to determine each adjustment and the carrying value of the related individual assets as of September 30, 2013 and December 31, 2012.
		30-Sep-13								31-Dec-12
		Level 1			Level 2		Level 3			Level 1		Level 2		Level 3
		(In thousands)
	Impaired loans	$	—		$	—	$	392		$	—	$	—	$	82
Total Losses Gains on Loans Held for Sale and Impaired Loans	'
	The following table presents the total (losses) gains related to the fair value measurement on loans held for sale and impaired loans for the three and nine month periods ended September 30, 2013 and 2012.
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2013			2012		2013			2012
		(In thousands)					(In thousands)
	Loans held for sale	$	160		$	—	$	—		$	—
	Impaired loans		(95	)		27		(1	)		333
		$	65		$	27	$	(1	)	$	333
Estimated Fair Values and Related Carrying Amounts 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.
		30-Sep-13
					Fair Value
		Carrying			Level 1		Level 2			Level 3		Total
		Amount
		(In thousands)
	Financial assets
	Cash and cash equivalents	$	12,819		$	12,819	$	—		$	—	$	12,819
	Certificates of deposit		100			100		—			—		100
	Securities available for sale		35,232			—		35,232			—		35,232
	FHLB stock		2,799			—		—			2,799		2,799
	Loans, net		356,229			—		—			354,379		354,379
	Accrued interest receivable		973			—		—			973		973
	Derivative loan commitments		8			—		—			8		8
	Financial liabilities
	Deposits	$	327,448		$	—	$	—		$	328,181	$	328,181
	Long-term debt		40,500			—		40,356			—		40,356
	Short-term borrowings		5,000			5,000		—			—		5,000
	Accrued interest payable		49			—		—			49		49
	Forward  loan sale commitments		5			—		—			5		5
		31-Dec-12
					Fair Value
		Carrying			Level 1		Level 2			Level 3		Total
		Amount
		(In thousands)
	Financial assets
	Cash and cash equivalents	$	18,218		$	18,218	$	—		$	—	$	18,218
	Certificates of deposit		600			600		—			—		600
	Securities available for sale		39,256			—		39,256			—		39,256
	FHLB stock		2,005			—		—			2,005		2,005
	Loans held for sale		9,130			—		9,130			—		9,130
	Loans, net		294,091			—		—			294,618		294,618
	Accrued interest receivable		1,019			—		—			1,019		1,019
	Derivative loan commitments		10			—		—			10		10
	Forward loan sale commitments		22			—		—			22		22
	Financial liabilities
	Deposits	$	298,059		$	—	$	—		$	298,949	$	298,949
	Long-term debt		31,500			—		31,961			—		31,961
	Accrued interest payable		5			—		—			5		5
	Forward  loan sale commitments		18			—		—			18		18

EMPLOYEE_STOCK_OWNERSHIP_PLAN_

EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	9 Months Ended
	Sep. 30, 2013
Shares held by ESOP	'
	Shares held by the ESOP include the following:
		September 30,
		2013
	Allocated		12,838
	Committed to be allocated		9,629
	Unallocated		170,105
			192,572

EARNINGS_PER_COMMON_SHARE_Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Common Share	'
	Earnings per common share have been computed as follows:
		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2012			2013			2012
		(Dollars in thousands)
	Net income applicable to common stock	$	607		$	537		$	1,786		$	418
	Average number of common shares outstanding		2,460,463			2,407,152			2,465,322			N/A
	Less: Average unallocated ESOP shares		(171,711	)		(185,618	)		(174,920	)		N/A
	Average number of common shares outstanding		2,288,752			2,221,534			2,290,402			N/A
	used to calculate basic and fully diluted earnings
	per common share
	Net income per common share (basic and diluted)	$	0.27		$	0.24		$	0.78			N/A

Stock_Conversion_Additional_In

Stock Conversion - Additional Information (Detail) (USD $)	1 Months Ended	9 Months Ended
	Jan. 31, 2012	Sep. 30, 2012	Sep. 30, 2013	Dec. 31, 2012	Jan. 25, 2012
Initial Public Offering [Line Items]	'	'	'	'	'
Company common stock issued, shares	2,249,674	'	'	'	'
Company common stock issued, per share price	$10	'	'	'	'
Company common stock issued, proceeds	$21,200,000	$21,236,000	'	'	'
Stock conversion cost	1,300,000	'	'	'	'
Monetary value of charitable contributions to fund a Charitable Foundation made in connection with the Company's initial public offering	225,000	'	'	'	'
Common stock issued to charitable foundation	157,477	'	'	'	'
Common stock, shares outstanding	'	'	2,460,080	2,480,610	2,407,151
Liquidation account amount	'	'	'	'	$22,100,000

Loan_Policies_Additional_Infor

Loan Policies - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2013
Accounts, Notes, Loans and Financing Receivable	'
Number of days loans past due	'90 days
Residential Real Estate	'
Accounts, Notes, Loans and Financing Receivable	'
Maximum loan-to-value ratio to originate loan	80.00%
Minimum	'
Accounts, Notes, Loans and Financing Receivable	'
Time frame appropriate to capture relevant loss data for each loan segment	'3 years
Maximum	'
Accounts, Notes, Loans and Financing Receivable	'
Time frame appropriate to capture relevant loss data for each loan segment	'10 years

Components_of_Accumulated_Othe

Components of Accumulated Other Comprehensive Income and Related Tax Effects (Detail) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss)	'	'
Unrealized holding gains on securities available for sale	$385	$1,297
Tax effect	-150	-507
Net-of tax amount	$235	$790

Amortized_Cost_and_Fair_Value_

Amortized Cost and Fair Value of Securities Available for Sale with Gross Unrealized Gains and Losses (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Schedule of Available-for-sale Securities	'	'
Amortized Cost	$34,847	$37,959
Gross Unrealized Gains	611	1,303
Gross Unrealized Losses	-226	-6
Fair Value	35,232	39,256
SBA and other asset-backed securities	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	2,282	3,988
Gross Unrealized Gains	4	139
Gross Unrealized Losses	-78	'
Fair Value	2,208	4,127
State and municipal bonds	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	4,029	5,604
Gross Unrealized Gains	117	362
Gross Unrealized Losses	-7	-3
Fair Value	4,139	5,963
Government-sponsored enterprise obligations	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	2,911	2,105
Gross Unrealized Gains	23	13
Gross Unrealized Losses	-33	-3
Fair Value	2,901	2,115
Corporate bonds	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	7,200	6,186
Gross Unrealized Gains	90	106
Gross Unrealized Losses	-19	'
Fair Value	7,271	6,292
Residential mortgage-backed securities | Government National Mortgage Association	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	8,387	9,235
Gross Unrealized Gains	191	311
Gross Unrealized Losses	-32	'
Fair Value	8,546	9,546
Residential mortgage-backed securities | Government-sponsored enterprises	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	10,038	10,841
Gross Unrealized Gains	186	372
Gross Unrealized Losses	-57	'
Fair Value	$10,167	$11,213

Amortized_Cost_and_Fair_Value_1

Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Available-for-sale Securities, Debt Maturities, Amortized Cost	'	'
Within 1 year	$2,752	$154
After 1 year to 5 years	5,605	7,454
After 5 years to 10 years	2,616	2,912
After 10 years	3,167	3,375
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	14,140	13,895
Mortgage- and asset-backed securities	20,707	24,064
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Total	34,847	37,959
Available-for-sale Securities, Debt Maturities, Fair Value	'	'
Within 1 year	2,764	155
After 1 year to 5 years	5,694	7,603
After 5 years to 10 years	2,670	2,990
After 10 years	3,183	3,622
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Total	14,311	14,370
Mortgage- and asset-backed securities	20,921	24,886
Available-for-sale Securities, Debt Securities, Total	$35,232	$39,256

Information_Pertaining_to_Secu

Information Pertaining to Securities With Gross Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Loss Position (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Less Than Twelve Months Gross Unrealized Losses	($222)	($6)
Less Than Twelve Months Fair Value	9,941	1,297
Over Twelve Months Gross Unrealized Losses	-4	'
Over Twelve Months Fair Value	296	'
SBA and other asset-backed securities	'	'
Less Than Twelve Months Gross Unrealized Losses	-78	'
Less Than Twelve Months Fair Value	1,406	'
State and municipal bonds	'	'
Less Than Twelve Months Gross Unrealized Losses	-3	-3
Less Than Twelve Months Fair Value	250	299
Over Twelve Months Gross Unrealized Losses	-4	'
Over Twelve Months Fair Value	296	'
Government-sponsored enterprise obligations	'	'
Less Than Twelve Months Gross Unrealized Losses	-33	'
Less Than Twelve Months Fair Value	967	'
Corporate bonds	'	'
Less Than Twelve Months Gross Unrealized Losses	-19	'
Less Than Twelve Months Fair Value	1,131	'
Residential mortgage-backed securities | Government National Mortgage Association	'	'
Less Than Twelve Months Gross Unrealized Losses	-32	'
Less Than Twelve Months Fair Value	1,744	'
Residential mortgage-backed securities | Government-sponsored enterprises	'	'
Less Than Twelve Months Gross Unrealized Losses	-57	'
Less Than Twelve Months Fair Value	4,443	'
Residential mortgage-backed securities | Government-sponsored enterprise obligations	'	'
Less Than Twelve Months Gross Unrealized Losses	'	-3
Less Than Twelve Months Fair Value	'	$998

Summary_of_Balances_of_Loans_D

Summary of Balances of Loans (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	$360,645	$298,214
Allowance for loan losses	-4,158	-3,844
Net deferred origination fees	-258	-279
Loans, net	356,229	294,091
Commercial Real Estate	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	78,482	80,200
Construction	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	71,095	48,158
Home equity lines of credit	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	28,906	23,111
Other Consumer	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	443	455
Real estate loans	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	316,681	258,923
Real estate loans | Residential - fixed	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	22,105	19,524
Real estate loans | Residential - variable	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	144,999	111,041
Real estate loans | Commercial Real Estate	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	78,482	80,200
Real estate loans | Construction	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	71,095	48,158
Commercial	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	14,615	15,725
Commercial | Secured	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	13,085	14,854
Commercial | Unsecured	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	1,530	871
Consumer loans	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	29,349	23,566
Consumer loans | Home equity lines of credit	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	28,906	23,111
Consumer loans | Other Consumer	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	$443	$455

Changes_in_Allowance_for_Loan_

Changes in Allowance for Loan Losses by Portfolio Segment (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Financing Receivable, Allowance for Credit Losses	'	'	'	'
Allowance Beginning Balance	$4,008	$3,550	$3,844	$3,396
Provision (credit) for loan losses	150	150	350	400
Loans charged off	'	-7	-36	-108
Recoveries of loans previously charged off	'	1	'	6
Allowance Ending Balance	4,158	3,694	4,158	3,694
Residential Real Estate	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'
Allowance Beginning Balance	1,393	1,047	1,157	626
Provision (credit) for loan losses	-65	115	171	536
Allowance Ending Balance	1,328	1,162	1,328	1,162
Commercial Real Estate	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'
Allowance Beginning Balance	930	956	1,041	988
Provision (credit) for loan losses	-52	107	-163	75
Allowance Ending Balance	878	1,063	878	1,063
Construction	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'
Allowance Beginning Balance	987	921	918	1,119
Provision (credit) for loan losses	186	-8	255	-206
Allowance Ending Balance	1,173	913	1,173	913
Commercial	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'
Allowance Beginning Balance	447	403	456	382
Provision (credit) for loan losses	-53	-22	-26	95
Loans charged off	'	'	-36	-100
Recoveries of loans previously charged off	'	'	'	4
Allowance Ending Balance	394	381	394	381
Home equity lines of credit	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'
Allowance Beginning Balance	167	162	171	153
Provision (credit) for loan losses	155	-2	151	7
Allowance Ending Balance	322	160	322	160
Other Consumer	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'
Allowance Beginning Balance	7	13	11	16
Provision (credit) for loan losses	1	5	-3	2
Loans charged off	'	-7	'	-8
Recoveries of loans previously charged off	'	1	'	2
Allowance Ending Balance	8	12	8	12
Unallocated	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'
Allowance Beginning Balance	77	48	90	112
Provision (credit) for loan losses	-22	-45	-35	-109
Allowance Ending Balance	$55	$3	$55	$3

Further_Information_Pertaining

Further Information Pertaining to Allowance for Loan Losses (Detail) (USD $)	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
In Thousands, unless otherwise specified
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and deemed to be impaired	$95	'	$120	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	4,063	'	3,724	'	'	'
Total allowance	4,158	4,008	3,844	3,694	3,550	3,396
Impaired loan balances individually evaluated and deemed to be impaired	6,243	'	6,582	'	'	'
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	354,402	'	291,632	'	'	'
Total loans	360,645	'	298,214	'	'	'
Residential Real Estate	'	'	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	1,328	'	1,157	'	'	'
Total allowance	1,328	1,393	1,157	1,162	1,047	626
Impaired loan balances individually evaluated and deemed to be impaired	427	'	541	'	'	'
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	166,677	'	130,024	'	'	'
Total loans	167,104	'	130,565	'	'	'
Commercial Real Estate	'	'	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and deemed to be impaired	'	'	94	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	878	'	947	'	'	'
Total allowance	878	930	1,041	1,063	956	988
Impaired loan balances individually evaluated and deemed to be impaired	5,294	'	5,657	'	'	'
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	73,188	'	74,543	'	'	'
Total loans	78,482	'	80,200	'	'	'
Construction	'	'	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	1,173	'	918	'	'	'
Total allowance	1,173	987	918	913	921	1,119
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	71,095	'	48,158	'	'	'
Total loans	71,095	'	48,158	'	'	'
Commercial	'	'	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and deemed to be impaired	'	'	26	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	394	'	430	'	'	'
Total allowance	394	447	456	381	403	382
Impaired loan balances individually evaluated and deemed to be impaired	'	'	76	'	'	'
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	14,615	'	15,649	'	'	'
Total loans	14,615	'	15,725	'	'	'
Home equity lines of credit	'	'	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and deemed to be impaired	95	'	'	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	227	'	171	'	'	'
Total allowance	322	167	171	160	162	153
Impaired loan balances individually evaluated and deemed to be impaired	522	'	308	'	'	'
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	28,384	'	22,803	'	'	'
Total loans	28,906	'	23,111	'	'	'
Other Consumer	'	'	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	8	'	11	'	'	'
Total allowance	8	7	11	12	13	16
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	443	'	455	'	'	'
Total loans	443	'	455	'	'	'
Unallocated	'	'	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	55	'	90	'	'	'
Total allowance	$55	$77	$90	$3	$48	$112

Past_Due_and_Nonaccrual_Loans_

Past Due and Nonaccrual Loans (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	$1,616	$4,809
60-89 Days Past Due	36	236
Past Due 90 Days or More	837	3,096
Total Past Due	2,489	8,141
Past Due 90 Days or More and Accruing	'	'
Non-accrual Loans	3,297	3,510
Residential Real Estate	'	'
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	804	1,483
60-89 Days Past Due	'	217
Past Due 90 Days or More	350	306
Total Past Due	1,154	2,006
Past Due 90 Days or More and Accruing	'	'
Non-accrual Loans	901	540
Commercial Real Estate	'	'
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	599	'
Past Due 90 Days or More	'	2,756
Total Past Due	599	2,756
Past Due 90 Days or More and Accruing	'	'
Non-accrual Loans	1,874	2,932
Commercial	'	'
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	'	2,452
60-89 Days Past Due	36	19
Total Past Due	36	2,471
Past Due 90 Days or More and Accruing	'	'
Home equity lines of credit	'	'
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	109	874
Past Due 90 Days or More	487	34
Total Past Due	596	908
Past Due 90 Days or More and Accruing	'	'
Non-accrual Loans	522	38
Other Consumer	'	'
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	104	'
Total Past Due	104	'
Past Due 90 Days or More and Accruing	'	'

Impaired_Loans_Detail

Impaired Loans (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Financing Receivable, Impaired	'	'
Recorded Investment, Without a Valuation Allowance	$5,756	$6,380
Recorded Investment, With a Valuation Allowance	487	202
Unpaid Principal Balance, Without a Valuation Allowance	5,756	6,380
Unpaid Principal Balance, With a Valuation Allowance	487	202
Related Allowance	95	120
Impaired Loans	'	'
Financing Receivable, Impaired	'	'
Recorded Investment, With a Valuation Allowance	6,243	6,582
Unpaid Principal Balance, With a Valuation Allowance	6,243	6,582
Related Allowance	95	120
Residential Real Estate	'	'
Financing Receivable, Impaired	'	'
Recorded Investment, Without a Valuation Allowance	427	541
Unpaid Principal Balance, Without a Valuation Allowance	427	541
Commercial Real Estate	'	'
Financing Receivable, Impaired	'	'
Recorded Investment, Without a Valuation Allowance	5,294	5,481
Recorded Investment, With a Valuation Allowance	'	176
Unpaid Principal Balance, Without a Valuation Allowance	5,294	5,481
Unpaid Principal Balance, With a Valuation Allowance	'	176
Related Allowance	'	94
Home equity lines of credit	'	'
Financing Receivable, Impaired	'	'
Recorded Investment, Without a Valuation Allowance	35	308
Recorded Investment, With a Valuation Allowance	487	'
Unpaid Principal Balance, Without a Valuation Allowance	35	308
Unpaid Principal Balance, With a Valuation Allowance	487	'
Related Allowance	95	'
Commercial	'	'
Financing Receivable, Impaired	'	'
Recorded Investment, Without a Valuation Allowance	'	50
Recorded Investment, With a Valuation Allowance	'	26
Unpaid Principal Balance, Without a Valuation Allowance	'	50
Unpaid Principal Balance, With a Valuation Allowance	'	26
Related Allowance	'	$26

Further_Information_Pertaining1

Further Information Pertaining to Impaired Loans (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	$6,597	$4,119	$6,853	$4,862
Interest Income Recognized	83	34	279	214
Interest Income Recognized on Cash Basis	97	34	317	214
Residential Real Estate	'	'	'	'
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	524	762	576	1,509
Interest Income Recognized	4	3	16	62
Interest Income Recognized on Cash Basis	11	3	22	62
Commercial Real Estate	'	'	'	'
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	5,532	350	5,909	513
Interest Income Recognized	73	'	248	38
Interest Income Recognized on Cash Basis	80	'	282	38
Home equity lines of credit	'	'	'	'
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	156	93	111	67
Interest Income Recognized	2	1	2	1
Interest Income Recognized on Cash Basis	'	1	1	1
Construction	'	'	'	'
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	'	2,907	'	2,758
Interest Income Recognized	'	30	'	111
Interest Income Recognized on Cash Basis	'	30	'	111
Other Consumer	'	'	'	'
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	'	7	'	11
Interest Income Recognized	'	'	'	0
Interest Income Recognized on Cash Basis	'	0	'	0
Commercial	'	'	'	'
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	385	'	257	4
Interest Income Recognized	4	'	13	2
Interest Income Recognized on Cash Basis	$6	'	$12	$2

Troubled_Debt_Restructurings_D

Troubled Debt Restructurings (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2012
	Contract
Financing Receivable, Modifications	'
Number of Contracts	4
Pre-Modification Outstanding Recorded Investment	$1,345
Post-Modification Outstanding Recorded Investment	1,345
Residential Real Estate	'
Financing Receivable, Modifications	'
Number of Contracts	2
Pre-Modification Outstanding Recorded Investment	1,088
Post-Modification Outstanding Recorded Investment	1,088
Commercial Real Estate	'
Financing Receivable, Modifications	'
Number of Contracts	2
Pre-Modification Outstanding Recorded Investment	257
Post-Modification Outstanding Recorded Investment	$257

Loans_and_Allowances_for_Loan_

Loans and Allowances for Loan Losses - Additional Information (Detail) (USD $)

9 Months Ended

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2012

Contract

Commercial

Commercial

Loan Rated 8

Category 10

Commercial Real Estate

Commercial Real Estate

Commercial Real Estate

Commercial Real Estate

Residential Real Estate

Residential Real Estate

Commercial

Maximum

Contract

Financing Receivable Troubled Debt Restructurings

Contract

Maximum

Contract

Accounts, Notes, Loans and Financing Receivable

'

'

'

'

'

'

'

'

'

'

'

'

'

Troubled debt restructuring, loans monthly payment terms modified

4

'

'

'

'

'

'

2

'

'

2

'

2

Troubled debt restructuring, collection from modified loan

'

'

'

'

'

'

'

'

'

'

'

$881

'

Troubled debt restructuring, reserves established for expected uncollectible principal

'

'

'

'

'

'

'

'

'

'

97

'

'

Loans

'

$360,645

$298,214

$14,615

$15,725

$25

'

'

$78,482

$80,200

'

'

'

Days after assignment of a 10 rating after which the credit will be rated 5 If information is still not available to allow a standard rating

'

'

'

'

'

'

'60 days

'

'

'

'

'

'

Loan_by_Risk_Rating_and_by_Cat

Loan by Risk Rating and by Category (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Financing Receivable, Recorded Investment	'	'
Loans	$164,192	$144,083
Loans rated 1 - 3 and 31	'	'
Financing Receivable, Recorded Investment	'	'
Loans	156,755	135,472
Loans rated 4	'	'
Financing Receivable, Recorded Investment	'	'
Loans	4,736	5,625
Loans rated 5	'	'
Financing Receivable, Recorded Investment	'	'
Loans	2,671	2,810
Loans rated 6	'	'
Financing Receivable, Recorded Investment	'	'
Loans	'	176
Loan Rated 8	'	'
Financing Receivable, Recorded Investment	'	'
Loans	25	'
Loan rated 9	'	'
Financing Receivable, Recorded Investment	'	'
Loans	5	'
Commercial Real Estate	'	'
Financing Receivable, Recorded Investment	'	'
Loans	78,482	80,200
Commercial Real Estate | Loans rated 1 - 3 and 31	'	'
Financing Receivable, Recorded Investment	'	'
Loans	71,703	73,312
Commercial Real Estate | Loans rated 4	'	'
Financing Receivable, Recorded Investment	'	'
Loans	4,108	4,235
Commercial Real Estate | Loans rated 5	'	'
Financing Receivable, Recorded Investment	'	'
Loans	2,671	2,477
Commercial Real Estate | Loans rated 6	'	'
Financing Receivable, Recorded Investment	'	'
Loans	'	176
Construction	'	'
Financing Receivable, Recorded Investment	'	'
Loans	71,095	48,158
Construction | Loans rated 1 - 3 and 31	'	'
Financing Receivable, Recorded Investment	'	'
Loans	71,095	48,158
Commercial	'	'
Financing Receivable, Recorded Investment	'	'
Loans	14,615	15,725
Commercial | Loans rated 1 - 3 and 31	'	'
Financing Receivable, Recorded Investment	'	'
Loans	13,957	14,002
Commercial | Loans rated 4	'	'
Financing Receivable, Recorded Investment	'	'
Loans	628	1,390
Commercial | Loans rated 5	'	'
Financing Receivable, Recorded Investment	'	'
Loans	'	333
Commercial | Loan Rated 8	'	'
Financing Receivable, Recorded Investment	'	'
Loans	25	'
Commercial | Loan rated 9	'	'
Financing Receivable, Recorded Investment	'	'
Loans	$5	'

Assets_and_Liabilities_Measure

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative loan commitments	$8	$10
Forward loan sale commitments	'	22
Assets measured at fair value	35,232	39,256
Forward loan sale commitments	5	18
Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets measured at fair value	35,232	39,256
Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative loan commitments	8	10
Forward loan sale commitments	'	22
Forward loan sale commitments	5	18
Fair Value, Measurements, Recurring	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets measured at fair value	39,240	39,288
Forward loan sale commitments	5	18
Fair Value, Measurements, Recurring | Debt Securities	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets measured at fair value	35,232	39,256
Fair Value, Measurements, Recurring | Derivative loan commitments	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative loan commitments	8	10
Fair Value, Measurements, Recurring | Forward loan sale commitments	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Forward loan sale commitments	'	22
Fair Value, Measurements, Recurring | Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets measured at fair value	35,232	39,256
Fair Value, Measurements, Recurring | Level 2 | Debt Securities	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets measured at fair value	35,232	39,256
Fair Value, Measurements, Recurring | Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets measured at fair value	8	32
Forward loan sale commitments	5	18
Fair Value, Measurements, Recurring | Level 3 | Derivative loan commitments	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative loan commitments	8	10
Fair Value, Measurements, Recurring | Level 3 | Forward loan sale commitments	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Forward loan sale commitments	'	$22

Fair_Value_Hierarchy_Used_to_D

Fair Value Hierarchy Used to Determine Each Adjustment and Carrying Value of Related Individual Assets (Detail) (Fair Value, Measurements, Nonrecurring, Level 3, USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value, Measurements, Nonrecurring | Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Impaired loans	$392	$82

Total_Losses_Gains_on_Loans_He

Total Losses Gains on Loans Held for Sale and Impaired Loans (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Fair Value, Assets and Liabilities Measured on Non Recurring Basis	'	'	'	'
Total Gains (Losses)	$65	$27	($1)	$333
Loans Held-for-Sale	'	'	'	'
Fair Value, Assets and Liabilities Measured on Non Recurring Basis	'	'	'	'
Total Gains (Losses)	160	'	'	'
Impaired Loans	'	'	'	'
Fair Value, Assets and Liabilities Measured on Non Recurring Basis	'	'	'	'
Total Gains (Losses)	($95)	$27	($1)	$333

Estimated_Fair_Values_and_Rela

Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Financial assets	'	'
Cash and cash equivalents	$12,819	$18,218
Certificates of deposit	100	600
Securities available for sale	35,232	39,256
FHLB stock	2,799	2,005
Loans held for sale	'	9,130
Loans, net	354,379	294,618
Accrued interest receivable	973	1,019
Derivative loan commitments	8	10
Forward loan sale commitments	'	22
Financial liabilities	'	'
Deposits	328,181	298,949
Long-term debt	40,356	31,961
Short-term borrowings	5,000	'
Accrued interest payable	49	5
Forward loan sale commitments	5	18
Level 1	'	'
Financial assets	'	'
Cash and cash equivalents	12,819	18,218
Certificates of deposit	100	600
Financial liabilities	'	'
Short-term borrowings	5,000	'
Level 2	'	'
Financial assets	'	'
Securities available for sale	35,232	39,256
Loans held for sale	'	9,130
Financial liabilities	'	'
Long-term debt	40,356	31,961
Level 3	'	'
Financial assets	'	'
FHLB stock	2,799	2,005
Loans, net	354,379	294,618
Accrued interest receivable	973	1,019
Derivative loan commitments	8	10
Forward loan sale commitments	'	22
Financial liabilities	'	'
Deposits	328,181	298,949
Accrued interest payable	49	5
Forward loan sale commitments	5	18
Carrying Amount	'	'
Financial assets	'	'
Cash and cash equivalents	12,819	18,218
Certificates of deposit	100	600
Securities available for sale	35,232	39,256
FHLB stock	2,799	2,005
Loans held for sale	'	9,130
Loans, net	356,229	294,091
Accrued interest receivable	973	1,019
Derivative loan commitments	8	10
Forward loan sale commitments	'	22
Financial liabilities	'	'
Deposits	327,448	298,059
Long-term debt	40,500	31,500
Short-term borrowings	5,000	'
Accrued interest payable	49	5
Forward loan sale commitments	$5	$18

Recovered_Sheet1

Employee Stock Ownership Plan - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012
Employee Stock Ownership Plan (ESOP) Disclosures	'	'	'
Employee Stock Ownership Plan , Shares in ESOP	192,572	192,572	'
Employee Stock Ownership Plan, Shares in ESOP percentage of common stock outstanding	'	7.83%	'
Employee Stock Ownership Plan, loan term	'	'15 years	'
Employee Stock Ownership Plan, loan interest rate	'	3.25%	'
Employee Stock Ownership Plan, unallocated shares fair value	'	$3,000,000	'
Employee Stock Ownership Plan, compensation expense	$57,000	$159,000	$118,000

Shares_held_by_ESOP_Detail

Shares held by ESOP (Detail)	Sep. 30, 2013
Employee Stock Ownership Plan (ESOP) Disclosures	'
Allocated	12,838
Committed to be allocated	9,629
Unallocated	170,105
Employee Stock Ownership Plan , Shares in ESOP	192,572

Equity_Incentive_Plan_Addition

Equity Incentive Plan - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended	9 Months Ended		1 Months Ended		3 Months Ended	9 Months Ended	1 Months Ended
	Oct. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Aug. 15, 2012	Oct. 01, 2013	Oct. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Oct. 01, 2013	Sep. 30, 2013
					Subsequent Event	Stock Awards	Stock Awards	Stock Awards	Stock Awards	Restricted Stock
									Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'	'	'	'	'
Equity Incentive Plan, shares approved for issuance	'	'	'	240,751	'	'	96,286	96,286	'	'
Grant option to Purchase	203,395	'	'	'	11,500	'	'	'	'	'
Award exercise price	$15.35	'	'	'	$17.45	'	'	'	'	'
Stock options term	'10 years	'	'	'	'10 years	'	'	'	'	'
Equity, vesting period	'5 years	'	'5 years	'	'5 years	'4 years	'	'	'5 years	'
Equity Incentive Plan, vesting percentage	20.00%	'	'	'	20.00%	'	'	20.00%	'	'
Weighted Average fair value of Stock option granted	$4.69	'	'	'	$5.62	'	'	'	'	'
Share base compensation expenses applicable to stock option plan	'	$48,000	$143,000	'	'	'	'	'	'	'
Recognize tax Benefit	'	9,000	28,000	'	'	'	27,000	80,000	'	'
Unrecognized compensation expense for non-vested stock options	'	763,000	763,000	'	'	'	'	'	'	'
Unrecognized compensation expense, recognition period	'	'	'4 years	'	'	'	'	'	'	'
Aggregate intrinsic value of unvested options	'	427,000	427,000	'	'	'	'	'	'	'
Equity Incentive Plan, stock awards	'	'	'	'	'	86,539	'	'	2,750	'
Stock award value at award date	'	'	'	'	'	$15.35	'	'	$17.45	'
Unrecognized compensation expense related to non-vested restricted stock	'	'	'	'	'	'	'	'	'	1,100,000
Compensation expense for stock award plan	'	'	'	'	'	'	$66,000	$199,000	'	'

Earning_Per_Common_Share_Addit

Earning Per Common Share - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2013
Earnings Per Common Share [Line Items]	'
Options to purchase shares excluded from computation of diluted earnings per share	203,395

Earnings_Per_Common_Share_Deta

Earnings Per Common Share (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share, Basic, by Common Class, Including Two Class Method	'	'	'	'
Net income applicable to common stock	$607	$537	$1,786	$418
Average number of common shares outstanding	2,460,463	2,407,152	2,465,322	'
Less: Average unallocated ESOP shares	-171,711	-185,618	-174,920	'
Average number of common shares outstanding used to calculate basic and fully diluted earnings per common share	2,288,752	2,221,534	2,290,402	'
Net income per common share (basic and diluted)	$0.27	$0.24	$0.78	'

Stock_Repurchase_Plan_Addition

Stock Repurchase Plan - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2013
Repurchase Agreement Counterparty [Line Items]	'
Shares authorized for repurchase	96,286
Shares authorized for repurchase, percentage of outstanding common stock	4.00%
Shares repurchased and retired	33,610