Document_and_Entity_Informatio
| Document and Entity Information | 6 Months Ended | |
| Jun. 30, 2014 | Aug. 01, 2014 | |
| Document Information | ' | ' |
| Document Type | '10-Q | ' |
| Amendment Flag | 'false | ' |
| Document Period End Date | 30-Jun-14 | ' |
| Document Fiscal Year Focus | '2014 | ' |
| Document Fiscal Period Focus | 'Q2 | ' |
| 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 | ' | 2,452,465 |
Consolidated_Balance_Sheets
| Consolidated Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Assets | ' | ' |
| Cash and due from banks | $2,775 | $2,685 |
| Short-term investments | 14,804 | 16,382 |
| Total cash and cash equivalents | 17,579 | 19,067 |
| Certificates of deposit | 100 | 100 |
| Securities available for sale, at fair value | 39,852 | 36,672 |
| Federal Home Loan Bank of Boston stock, at cost | 3,300 | 3,176 |
| Loans held for sale | 1,598 | 825 |
| Loans | 421,338 | 387,931 |
| Less allowance for loan losses | -4,613 | -4,213 |
| Loans, net | 416,725 | 383,718 |
| Bank-owned life insurance | 6,724 | 6,607 |
| Premises and equipment, net | 3,762 | 3,805 |
| Accrued interest receivable | 1,133 | 1,044 |
| Net deferred tax asset | 2,043 | 1,997 |
| Other assets | 1,488 | 1,509 |
| Total assets | 494,304 | 458,520 |
| Deposits: | ' | ' |
| Noninterest-bearing | 48,518 | 44,864 |
| Interest-bearing | 338,468 | 312,654 |
| Deposits, Total | 386,986 | 357,518 |
| Short-term borrowings | 4,000 | 9,000 |
| Long-term debt | 53,500 | 43,500 |
| Accrued expenses and other liabilities | 1,708 | 1,713 |
| Total liabilities | 446,194 | 411,731 |
| Commitments and contingencies | ' | ' |
| Stockholders' equity: | ' | ' |
| Preferred stock, $0.01 par value; 1,000,000 shares authorized none issued | 0 | 0 |
| Common stock, $0.01 par value; 14,000,000 shares authorized, 2,452,465 shares issued and outstanding at June 30, 2014; 2,454,465 shares issued and outstanding at December 31, 2013 | 24 | 24 |
| Additional paid-in capital | 23,146 | 22,845 |
| Retained earnings | 26,187 | 25,423 |
| Accumulated other comprehensive income | 358 | 166 |
| Unearned compensation - ESOP | -1,605 | -1,669 |
| Total stockholders' equity | 48,110 | 46,789 |
| Total liabilities and stockholders' equity | $494,304 | $458,520 |
Consolidated_Balance_Sheets_Pa
| Consolidated Balance Sheets (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| 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 | 2,452,465 | 2,454,465 |
| Common stock, shares outstanding | 2,452,465 | 2,454,465 |
Consolidated_Statements_of_Inc
| Consolidated Statements of Income and Comprehensive Income (USD $) | 3 Months Ended | 6 Months Ended | ||
| In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
| Interest and dividend income: | ' | ' | ' | ' |
| Interest and fees on loans and loans held for sale | $4,617 | $3,770 | $8,972 | $7,516 |
| Debt securities: | ' | ' | ' | ' |
| Taxable | 183 | 133 | 331 | 277 |
| Tax-exempt | 46 | 47 | 90 | 99 |
| Interest on short-term investments and certificates of deposit | 8 | 8 | 16 | 18 |
| Dividends on FHLB stock | 11 | 2 | 23 | 4 |
| Total interest and dividend income | 4,865 | 3,960 | 9,432 | 7,914 |
| Interest expense: | ' | ' | ' | ' |
| Deposits | 695 | 538 | 1,363 | 1,077 |
| Short-term borrowings | 1 | 1 | 6 | 1 |
| Long-term debt | 150 | 134 | 278 | 256 |
| Total interest expense | 846 | 673 | 1,647 | 1,334 |
| Net interest income | 4,019 | 3,287 | 7,785 | 6,580 |
| Provision for loan losses | 220 | 100 | 400 | 200 |
| Net interest income, after provision for loan losses | 3,799 | 3,187 | 7,385 | 6,380 |
| Noninterest income: | ' | ' | ' | ' |
| Customer service fees | 37 | 40 | 71 | 80 |
| Mortgage banking activities | 17 | 52 | 39 | 76 |
| Gain on sale of securities, net | ' | 103 | 16 | 103 |
| Income on bank-owned life insurance | 59 | 57 | 117 | 102 |
| Wealth management fees | 124 | 93 | 236 | 181 |
| Loss on extinguishment of debt | ' | -93 | ' | -93 |
| Miscellaneous | -4 | 11 | 7 | 23 |
| Total noninterest income | 233 | 263 | 486 | 472 |
| Noninterest expense: | ' | ' | ' | ' |
| Salaries and employee benefits | 1,991 | 1,521 | 3,864 | 2,951 |
| Occupancy and equipment | 483 | 356 | 983 | 696 |
| Data processing | 145 | 116 | 301 | 242 |
| FDIC insurance | 68 | 67 | 135 | 133 |
| Professional fees | 251 | 132 | 428 | 264 |
| Other general and administrative | 387 | 303 | 798 | 626 |
| Total noninterest expense | 3,325 | 2,495 | 6,509 | 4,912 |
| Income before income taxes | 707 | 955 | 1,362 | 1,940 |
| Provision for income taxes | 276 | 372 | 537 | 762 |
| Net income | 431 | 583 | 825 | 1,178 |
| Other comprehensive income (loss): | ' | ' | ' | ' |
| Unrealized holding (losses) gains on available-for-sale securities | 219 | -604 | 332 | -715 |
| Reclassification adjustment for net securities gains realized in income | ' | -103 | -16 | -103 |
| Tax effect | -87 | 279 | -124 | 323 |
| Total other comprehensive income (loss) | 132 | -428 | 192 | -495 |
| Comprehensive income | $563 | $155 | $1,017 | $683 |
| Earnings per common share: | ' | ' | ' | ' |
| Basic | $0.19 | $0.26 | $0.36 | $0.52 |
| Diluted | $0.19 | $0.26 | $0.36 | $0.52 |
| Weighted average shares outstanding: | ' | ' | ' | ' |
| Basic | 2,290,488 | 2,285,860 | 2,290,167 | 2,289,699 |
| Diluted | 2,294,515 | 2,285,860 | 2,292,764 | 2,289,699 |
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, 2012 | $44,971 | $24 | $22,751 | $23,203 | $790 | ($1,797) |
| Beginning Balance (in shares) at Dec. 31, 2012 | ' | 2,480,610 | ' | ' | ' | ' |
| Net income | 1,178 | ' | ' | 1,178 | ' | ' |
| Other comprehensive income (loss) | -495 | ' | ' | ' | -495 | ' |
| Purchase and retirement of treasury shares (shares) | ' | -20,120 | ' | ' | ' | ' |
| Purchase and retirement of treasury shares | -314 | ' | -314 | ' | ' | ' |
| Share- based compensation- equity incentive plan | 228 | ' | 228 | ' | ' | ' |
| ESOP shares committed to be allocated (6,419) | 103 | ' | 39 | ' | ' | 64 |
| Ending Balance at Jun. 30, 2013 | 45,671 | 24 | 22,704 | 24,381 | 295 | -1,733 |
| Ending Balance (in shares) at Jun. 30, 2013 | ' | 2,460,490 | ' | ' | ' | ' |
| Beginning Balance at Dec. 31, 2013 | 46,789 | 24 | 22,845 | 25,423 | 166 | -1,669 |
| Beginning Balance (in shares) at Dec. 31, 2013 | ' | 2,454,465 | ' | ' | ' | ' |
| Net income | 825 | ' | ' | 825 | ' | ' |
| Other comprehensive income (loss) | 192 | ' | ' | ' | 192 | ' |
| Dividends paid to common stockholders ($0.025 per share) | -61 | ' | ' | -61 | ' | ' |
| Share- based compensation- equity incentive plan | 239 | ' | 239 | ' | ' | ' |
| Issuance of stock under stock option plan (in shares) | 1,000 | 400 | ' | ' | ' | ' |
| Issuance of stock under stock option plan | 6 | ' | 6 | ' | ' | ' |
| Restricted stock forfeitures | ' | -2,400 | ' | ' | ' | ' |
| ESOP shares committed to be allocated (6,419) | 120 | ' | 56 | ' | ' | 64 |
| Ending Balance at Jun. 30, 2014 | $48,110 | $24 | $23,146 | $26,187 | $358 | ($1,605) |
| Ending Balance (in shares) at Jun. 30, 2014 | ' | 2,452,465 | ' | ' | ' | ' |
Consolidated_Statements_of_Cha1
| Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (USD $) | 6 Months Ended | |
| Jun. 30, 2014 | Jun. 30, 2013 | |
| Dividends per share | $0.03 | ' |
| ESOP shares committed to be allocated, Shares | -6,419 | -6,419 |
Consolidated_Statements_of_Cas
| Consolidated Statements of Cash Flows (USD $) | 6 Months Ended | |
| In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
| Cash flows from operating activities: | ' | ' |
| Net income | $825 | $1,178 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
| Provision for loan losses | 400 | 200 |
| Depreciation and amortization | 286 | 179 |
| Net amortization of securities | 78 | 125 |
| Gain on sale of securities, net | -16 | -103 |
| Principal amount of loans sold | 8,799 | 21,125 |
| Loans originated for sale | -9,611 | -14,558 |
| Accretion of net deferred loan fees | -194 | -224 |
| Income on bank-owned life insurance | -117 | -102 |
| Deferred income tax (benefit) provision | -170 | 175 |
| ESOP expense | 120 | 103 |
| Share-based compensation | 239 | 228 |
| Net change in other assets and liabilities | -58 | -370 |
| Net cash provided by operating activities | 581 | 7,956 |
| Cash flows from investing activities: | ' | ' |
| Maturities of certificates of deposit | ' | 250 |
| Activity in securities available for sale: | ' | ' |
| Maturities, prepayments and calls | 4,968 | 4,967 |
| Purchases | -8,797 | -3,256 |
| Sales | 903 | 1,429 |
| Purchase of Federal Home Loan Bank stock | -124 | -794 |
| Loan originations, net of principal payments | -33,174 | -35,904 |
| Additions to premises and equipment | -258 | -582 |
| Net cash used by investing activities | -36,482 | -33,890 |
| Cash flows from financing activities: | ' | ' |
| Net increase in deposits | 29,468 | 3,219 |
| Proceeds from long-term debt | 14,000 | 17,500 |
| Repayments of long-term debt | -4,000 | -6,500 |
| (Decrease) increase in short-term borrowings | -5,000 | 6,000 |
| Issuance of stock under stock option plan | 6 | ' |
| Purchase and retirement of treasury stock | ' | -314 |
| Cash dividends paid on common stock | -61 | ' |
| Net cash provided by financing activities | 34,413 | 19,905 |
| Net change in cash and cash equivalents | -1,488 | -6,029 |
| Cash and cash equivalents at beginning period | 19,067 | 18,218 |
| Cash and cash equivalents at end of period | 17,579 | 12,189 |
| Supplementary information: | ' | ' |
| Interest paid | 1,643 | 1,319 |
| Income taxes paid | $703 | $873 |
BASIS_OF_PRESENTATION_AND_CONS
| BASIS OF PRESENTATION AND CONSOLIDATION | 6 Months Ended |
| Jun. 30, 2014 | |
| BASIS OF PRESENTATION AND CONSOLIDATION | ' |
| NOTE 1 – BASIS OF PRESENTATION AND CONSOLIDATION | |
| The accompanying unaudited interim consolidated financial statements include the accounts of Wellesley Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Wellesley Bank (the “Bank”), the principal operating entity, and the Bank’s wholly-owned subsidiaries; Wellesley Securities Corporation, which engages in the business of buying, selling and dealing in securities exclusively on its own behalf; Wellesley Investment Partners, LLC, formed to provide investment management services for individuals, not-for-profit entities and businesses; and Central Linden, LLC, formed to hold manage and sell foreclosed real estate. All significant intercompany balances and transactions have been eliminated in consolidation. 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 2013 Annual Report on Form 10-K. The results for the three or six months ended June 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014 or for any other period. |
LOAN_POLICIES
| LOAN POLICIES | 6 Months Ended |
| Jun. 30, 2014 | |
| LOAN POLICIES | ' |
| NOTE 2 – LOAN POLICIES | |
| The loan portfolio consists of real estate, commercial and other loans to the Company’s customers in our primary market areas in eastern Massachusetts. The ability of the Company’s debtors to honor their contracts is dependent upon the economy in general and the 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 through a provision for loan losses charged to earnings as losses are estimated to have occurred. 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 the following qualitative factors: 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 2014 or 2013. | |
| The qualitative factor adjustments are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: | |
| Residential real estate – The Company generally does not originate loans with a loan-to-value ratio greater than 80 percent and does not originate subprime loans. Most loans in this segment are collateralized by one- to four-family residential real estate and repayment is dependent on the credit quality of the individual borrower. | |
| Commercial real estate – Loans in this segment are primarily income-producing properties in the Company’s primary market areas in eastern Massachusetts. The underlying cash flows generated by the properties may be adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management obtains rent rolls annually and continually monitors the cash flows of these loans. | |
| Construction – Loans in this segment include speculative construction loans for which payment is derived from sale of the property and construction loans on primary residences for which repayment is dependent on the credit quality of the residential borrower. 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 generally 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 probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. | |
| The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. | |
| Unallocated component | |
| An unallocated component is maintained to cover additional uncertainties in management’s estimation of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. |
COMPREHENSIVE_INCOME
| COMPREHENSIVE INCOME | 6 Months Ended | ||||||||
| Jun. 30, 2014 | |||||||||
| COMPREHENSIVE INCOME | ' | ||||||||
| NOTE 3 – 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: | |||||||||
| June 30, | December 31, | ||||||||
| 2014 | 2013 | ||||||||
| (In thousands) | |||||||||
| Unrealized holding gains on securities available for sale | $ | 587 | $ | 271 | |||||
| Tax effect | (229 | ) | (105 | ) | |||||
| Net-of tax amount | $ | 358 | $ | 166 | |||||
RECENT_ACCOUNTING_AND_REGULATO
| RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS | 6 Months Ended |
| Jun. 30, 2014 | |
| RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS | ' |
| NOTE 4 – RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS | |
| In July 2013, federal banking regulators approved minimum requirements for both the quantity and quality of capital held by community banking institutions. The rule includes a new minimum ratio of common equity Tier 1 capital to risk weighted assets of 4.5%, raises the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0% to 6.0% and includes a minimum leverage ratio of 4.0% for all banking organizations. Additionally, community banking institutions must maintain a capital conservation buffer of common equity Tier 1 capital in an amount greater than 2.5% of total risk-weighted assets to avoid being subject to limitations on capital distributions and discretionary bonus payments to executive officers. The Company must begin complying with the rule on January 1, 2015. The Company is currently evaluating the rule but believes that it will continue to exceed all the minimum capital ratio requirements. |
SECURITIES_AVAILABLE_FOR_SALE
| SECURITIES AVAILABLE FOR SALE | 6 Months Ended | ||||||||||||||||
| Jun. 30, 2014 | |||||||||||||||||
| SECURITIES AVAILABLE FOR SALE | ' | ||||||||||||||||
| NOTE 5 – SECURITIES AVAILABLE FOR SALE | |||||||||||||||||
| The amortized cost and fair value of securities available for sale, with gross unrealized gains and losses, follows: | |||||||||||||||||
| 30-Jun-14 | |||||||||||||||||
| Amortized | Gross | Gross | Fair | ||||||||||||||
| Cost | Unrealized | Unrealized | Value | ||||||||||||||
| Gains | Losses | ||||||||||||||||
| (In thousands) | |||||||||||||||||
| Residential mortgage-backed securities: | |||||||||||||||||
| Government National Mortgage Association | $ | 6,460 | $ | 165 | $ | (4 | ) | $ | 6,621 | ||||||||
| Government-sponsored enterprises | 9,173 | 220 | (50 | ) | 9,343 | ||||||||||||
| SBA and other asset-backed securities | 7,956 | 97 | (53 | ) | 8,000 | ||||||||||||
| State and municipal bonds | 5,259 | 166 | (5 | ) | 5,420 | ||||||||||||
| Government-sponsored enterprise obligations | 4,000 | 12 | (9 | ) | 4,003 | ||||||||||||
| Corporate bonds | 6,417 | 74 | (26 | ) | 6,465 | ||||||||||||
| $ | 39,265 | $ | 734 | $ | (147 | ) | $ | 39,852 | |||||||||
| 31-Dec-13 | |||||||||||||||||
| Amortized | Gross | Gross | Fair | ||||||||||||||
| Cost | Unrealized | Unrealized | Value | ||||||||||||||
| Gains | Losses | ||||||||||||||||
| (In thousands) | |||||||||||||||||
| Residential mortgage-backed securities: | |||||||||||||||||
| Government National Mortgage Association | $ | 7,673 | $ | 191 | $ | (33 | ) | $ | 7,831 | ||||||||
| Government-sponsored enterprises | 9,622 | 153 | (93 | ) | 9,682 | ||||||||||||
| SBA and other asset-backed securities | 5,089 | 15 | (90 | ) | 5,014 | ||||||||||||
| State and municipal bonds | 4,025 | 101 | (6 | ) | 4,120 | ||||||||||||
| Government-sponsored enterprise obligations | 2,060 | 4 | (50 | ) | 2,014 | ||||||||||||
| Corporate bonds | 7,932 | 79 | -- | 8,011 | |||||||||||||
| $ | 36,401 | $ | 543 | $ | (272 | ) | $ | 36,672 | |||||||||
| The amortized cost and fair value of debt securities by contractual maturity at June 30, 2014 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-Jun-14 | |||||||||||||||||
| Amortized | Fair | ||||||||||||||||
| Cost | Value | ||||||||||||||||
| (In thousands) | |||||||||||||||||
| Within 1 year | $ | 1,249 | $ | 1,253 | |||||||||||||
| After 1 year to 5 years | 5,506 | 5,575 | |||||||||||||||
| After 5 years to 10 years | 4,367 | 4,436 | |||||||||||||||
| After 10 years | 4,554 | 4,624 | |||||||||||||||
| 15,676 | 15,888 | ||||||||||||||||
| Mortgage- and asset-backed securities | 23,589 | 23,964 | |||||||||||||||
| $ | 39,265 | $ | 39,852 | ||||||||||||||
| 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 | ||||||||||||||||
| (In thousands) | |||||||||||||||||
| 30-Jun-14 | |||||||||||||||||
| Residential mortgage-backed securities: | |||||||||||||||||
| Government National Mortgage Association | $ | -- | $ | -- | $ | (4 | ) | $ | 576 | ||||||||
| Government-sponsored enterprises | (6 | ) | 1,049 | (44 | ) | 850 | |||||||||||
| SBA and other asset-backed securities | (3 | ) | 241 | (50 | ) | 1,153 | |||||||||||
| State and municipal bonds | -- | -- | (5 | ) | 547 | ||||||||||||
| Government-sponsored enterprise obligations | -- | -- | (9 | ) | 991 | ||||||||||||
| Corporate bonds | (26 | ) | 1,699 | -- | -- | ||||||||||||
| $ | (35 | ) | $ | 2,989 | $ | (112 | ) | $ | 4,117 | ||||||||
| 31-Dec-13 | |||||||||||||||||
| Residential mortgage-backed securities: | |||||||||||||||||
| Government National Mortgage Association | $ | (33 | ) | $ | 1,496 | $ | -- | $ | -- | ||||||||
| Government-sponsored enterprises | (93 | ) | 4,864 | -- | -- | ||||||||||||
| SBA and other asset-backed securities | (90 | ) | 2,164 | -- | -- | ||||||||||||
| State and municipal bonds | (2 | ) | 251 | (4 | ) | 296 | |||||||||||
| Government-sponsored enterprise obligations | (50 | ) | 949 | -- | -- | ||||||||||||
| $ | (268 | ) | $ | 9,724 | $ | (4 | ) | $ | 296 | ||||||||
LOANS_AND_ALLOWANCE_FOR_LOAN_L
| LOANS AND ALLOWANCE FOR LOAN LOSSES | 6 Months Ended | ||||||||||||||||||||||||||||||||
| Jun. 30, 2014 | |||||||||||||||||||||||||||||||||
| LOANS AND ALLOWANCE FOR LOAN LOSSES | ' | ||||||||||||||||||||||||||||||||
| NOTE 6 – LOANS AND ALLOWANCE FOR LOAN LOSSES | |||||||||||||||||||||||||||||||||
| A summary of the balances of loans is as follows: | |||||||||||||||||||||||||||||||||
| June 30, | December 31, | ||||||||||||||||||||||||||||||||
| 2014 | 2013 | ||||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||||
| Real estate loans: | |||||||||||||||||||||||||||||||||
| Residential – fixed | $ | 21,509 | $ | 21,101 | |||||||||||||||||||||||||||||
| Residential – variable | 183,011 | 160,618 | |||||||||||||||||||||||||||||||
| Commercial | 85,825 | 82,367 | |||||||||||||||||||||||||||||||
| Construction | 88,796 | 80,103 | |||||||||||||||||||||||||||||||
| 379,141 | 344,189 | ||||||||||||||||||||||||||||||||
| Commercial loans: | |||||||||||||||||||||||||||||||||
| Secured | 14,268 | 14,977 | |||||||||||||||||||||||||||||||
| Unsecured | 1,369 | 1,453 | |||||||||||||||||||||||||||||||
| 15,637 | 16,430 | ||||||||||||||||||||||||||||||||
| Consumer loans: | |||||||||||||||||||||||||||||||||
| Home equity lines of credit | 26,381 | 27,092 | |||||||||||||||||||||||||||||||
| Other | 323 | 415 | |||||||||||||||||||||||||||||||
| 26,704 | 27,507 | ||||||||||||||||||||||||||||||||
| Total loans | 421,482 | 388,126 | |||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||
| Allowance for loan losses | (4,613 | ) | (4,213 | ) | |||||||||||||||||||||||||||||
| Net deferred origination fees | (144 | ) | (195 | ) | |||||||||||||||||||||||||||||
| Loans, net | $ | 416,725 | $ | 383,718 | |||||||||||||||||||||||||||||
| The following table summarizes the changes in the allowance for loan losses by portfolio segment for the three and six months ended June 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||
| Residential | Commercial | Construction | Commercial | Home | Other | Unallocated | Total | ||||||||||||||||||||||||||
| Real Estate | Real Estate | Equity | Consumer | ||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||||
| Three Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
| Allowance at March 31, 2014 | $ | 1,425 | $ | 1,021 | $ | 1,307 | $ | 390 | $ | 208 | $ | 6 | $ | 36 | $ | 4,393 | |||||||||||||||||
| Provision (credit) for loan losses | 70 | (20 | ) | 136 | (39 | ) | 98 | (2 | ) | (23 | ) | 220 | |||||||||||||||||||||
| Allowance at June 30, 2014 | $ | 1,495 | $ | 1,001 | $ | 1,443 | $ | 351 | $ | 306 | $ | 4 | $ | 13 | $ | 4,613 | |||||||||||||||||
| Three Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||
| Allowance at March 31, 2013 | $ | 1,259 | $ | 919 | $ | 976 | $ | 404 | $ | 192 | $ | 11 | $ | 147 | $ | 3,908 | |||||||||||||||||
| Provision (credit) for loan losses | 134 | 11 | 11 | 43 | (25 | ) | (4 | ) | (70 | ) | 100 | ||||||||||||||||||||||
| Allowance at June 30, 2013 | $ | 1,393 | $ | 930 | $ | 987 | $ | 447 | $ | 167 | $ | 7 | $ | 77 | $ | 4,008 | |||||||||||||||||
| Six Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
| Allowance at December 31, 2013 | $ | 1,351 | $ | 887 | $ | 1,305 | $ | 426 | $ | 213 | $ | 7 | $ | 24 | $ | 4,213 | |||||||||||||||||
| Provision (credit) for loan losses | 144 | 114 | 138 | (75 | ) | 93 | (3 | ) | (11 | ) | 400 | ||||||||||||||||||||||
| Allowance at June 30, 2014 | $ | 1,495 | $ | 1,001 | $ | 1,443 | $ | 351 | $ | 306 | $ | 4 | $ | 13 | $ | 4,613 | |||||||||||||||||
| Six Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||
| Allowance at December 31, 2012 | $ | 1,157 | $ | 1,041 | $ | 918 | $ | 456 | $ | 171 | $ | 11 | $ | 90 | $ | 3,908 | |||||||||||||||||
| Provision (credit) for loan losses | 236 | (111 | ) | 69 | 27 | (4 | ) | (4 | ) | (13 | ) | 200 | |||||||||||||||||||||
| Loans charged off | -- | -- | -- | (36 | ) | -- | -- | -- | (36 | ) | |||||||||||||||||||||||
| Allowance at June 30, 2013 | $ | 1,393 | $ | 930 | $ | 987 | $ | 447 | $ | 167 | $ | 7 | $ | 77 | $ | 4,008 | |||||||||||||||||
| Additional information pertaining to the allowance for loan losses at June 30, 2014 and December 31, 2013 is as follows: | |||||||||||||||||||||||||||||||||
| Residential | Commercial | Construction | Commercial | Home | Other | Unallocated | Total | ||||||||||||||||||||||||||
| Real Estate | Real Estate | Equity | Consumer | ||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||||
| 30-Jun-14 | |||||||||||||||||||||||||||||||||
| Allowance related to loans | $ | -- | $ | 86 | $ | -- | $ | -- | $ | 95 | $ | -- | $ | -- | $ | 181 | |||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| deemed to be impaired | |||||||||||||||||||||||||||||||||
| Allowance related to loans | 1,495 | 915 | 1,443 | 351 | 211 | 4 | 13 | 4,432 | |||||||||||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| not deemed impaired, and | |||||||||||||||||||||||||||||||||
| those collectively evaluated | |||||||||||||||||||||||||||||||||
| for impairment | |||||||||||||||||||||||||||||||||
| Total allowance | $ | 1,495 | $ | 1,001 | $ | 1,443 | $ | 351 | $ | 306 | $ | 4 | $ | 13 | $ | 4,613 | |||||||||||||||||
| Impaired loan balances | $ | 413 | $ | 2,601 | $ | -- | $ | 27 | $ | 426 | $ | -- | $ | -- | $ | 3,467 | |||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| deemed to be impaired | |||||||||||||||||||||||||||||||||
| Loan balances individually | 204,107 | 83,224 | 88,796 | 15,610 | 25,955 | 323 | -- | 418,015 | |||||||||||||||||||||||||
| evaluated and not deemed | |||||||||||||||||||||||||||||||||
| impaired, and those collectively | |||||||||||||||||||||||||||||||||
| evaluated for impairment | |||||||||||||||||||||||||||||||||
| Total loans | $ | 204,520 | $ | 85,825 | $ | 88,796 | $ | 15,637 | $ | 26,381 | $ | 323 | $ | -- | $ | 421,482 | |||||||||||||||||
| 31-Dec-13 | |||||||||||||||||||||||||||||||||
| Allowance related to loans | $ | -- | $ | -- | $ | -- | $ | -- | $ | -- | $ | -- | $ | -- | $ | -- | |||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| deemed to be impaired | |||||||||||||||||||||||||||||||||
| Allowance related to loans | 1,351 | 887 | 1,305 | 426 | 213 | 7 | 24 | 4,213 | |||||||||||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| not deemed impaired, and | |||||||||||||||||||||||||||||||||
| those collectively evaluated | |||||||||||||||||||||||||||||||||
| for impairment | |||||||||||||||||||||||||||||||||
| Total allowance | $ | 1,351 | $ | 887 | $ | 1,305 | $ | 426 | $ | 213 | $ | 7 | $ | 24 | $ | 4,213 | |||||||||||||||||
| Impaired loan balances | $ | 425 | $ | 5,269 | $ | -- | $ | 34 | $ | 427 | $ | -- | $ | -- | $ | 6,155 | |||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| deemed to be impaired | |||||||||||||||||||||||||||||||||
| Loan balances individually | 181,294 | 77,098 | 80,103 | 16,396 | 26,665 | 415 | -- | 381,971 | |||||||||||||||||||||||||
| evaluated and not deemed | |||||||||||||||||||||||||||||||||
| impaired, and those collectively | |||||||||||||||||||||||||||||||||
| evaluated for impairment | |||||||||||||||||||||||||||||||||
| Total loans | $ | 181,719 | $ | 82,367 | $ | 80,103 | $ | 16,430 | $ | 27,092 | $ | 415 | $ | -- | $ | 388,126 | |||||||||||||||||
| The following is a summary of past due and non-accrual loans at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||
| 30-59 | 60-89 Days | Past Due 90 | Total | Past Due 90 | Non- | ||||||||||||||||||||||||||||
| Days | Past Due | Days or | Past Due | Days or More | accrual | ||||||||||||||||||||||||||||
| Past Due | More | and Still | Loans | ||||||||||||||||||||||||||||||
| Accruing | |||||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||||
| 30-Jun-14 | |||||||||||||||||||||||||||||||||
| Residential real estate | $ | 1,001 | $ | -- | $ | -- | $ | 1,001 | $ | -- | $ | 413 | |||||||||||||||||||||
| Commercial real estate | 2 | -- | 791 | 793 | -- | 2,601 | |||||||||||||||||||||||||||
| Commercial | -- | -- | 2 | 2 | -- | 27 | |||||||||||||||||||||||||||
| Home equity lines of credit | 81 | -- | 392 | 473 | -- | 426 | |||||||||||||||||||||||||||
| Total | $ | 1,084 | $ | -- | $ | 1,185 | $ | 2,269 | $ | -- | $ | 3,467 | |||||||||||||||||||||
| 31-Dec-13 | |||||||||||||||||||||||||||||||||
| Residential real estate | $ | -- | $ | 335 | $ | 90 | $ | 425 | $ | -- | $ | 639 | |||||||||||||||||||||
| Commercial real estate | 867 | 791 | -- | 1,658 | -- | 2,645 | |||||||||||||||||||||||||||
| Commercial | -- | -- | 34 | 34 | -- | 34 | |||||||||||||||||||||||||||
| Home equity lines of credit | 136 | 308 | 583 | 1,027 | 191 | 427 | |||||||||||||||||||||||||||
| Total | $ | $1,003 | $ | $1,434 | $ | $707 | $ | $3,144 | $ | $191 | $ | $3,745 | |||||||||||||||||||||
| The following is a summary of impaired loans at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||
| 30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
| 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 | $ | 413 | $ | 413 | $ | -- | $ | 425 | $ | 425 | $ | -- | |||||||||||||||||||||
| Commercial real estate | 1,810 | 1,810 | -- | 5,269 | 5,269 | -- | |||||||||||||||||||||||||||
| Commercial | 27 | 27 | -- | 34 | 34 | -- | |||||||||||||||||||||||||||
| Home equity lines of credit | 34 | 34 | -- | 427 | 427 | -- | |||||||||||||||||||||||||||
| Total | 2,284 | 2,284 | -- | 6,155 | 6,155 | -- | |||||||||||||||||||||||||||
| Impaired loans with a valuation allowance: | |||||||||||||||||||||||||||||||||
| Commercial real estate | 791 | 791 | 86 | -- | -- | -- | |||||||||||||||||||||||||||
| Home equity lines of credit | 392 | 392 | 95 | -- | -- | -- | |||||||||||||||||||||||||||
| Total impaired loans | $ | 3,467 | $ | 3,467 | $ | 181 | $ | 6,155 | $ | 6,155 | $ | -- | |||||||||||||||||||||
| Additional information pertaining to impaired loans follows: | |||||||||||||||||||||||||||||||||
| Three Months Ended June 30, 2014 | Six Months Ended June 30, 2014 | ||||||||||||||||||||||||||||||||
| 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 | $ | 419 | $ | 4 | $ | 10 | $ | 421 | $ | 8 | $ | 13 | |||||||||||||||||||||
| Commercial real estate | 3,924 | 38 | 26 | 4,498 | 77 | 54 | |||||||||||||||||||||||||||
| Commercial | 28 | -- | -- | 29 | 1 | 1 | |||||||||||||||||||||||||||
| Home equity lines of credit | 427 | 4 | -- | 427 | 8 | -- | |||||||||||||||||||||||||||
| Total | $ | 4,798 | $ | 46 | $ | 36 | $ | 5,375 | $ | 94 | $ | 68 | |||||||||||||||||||||
| Three Months Ended June 30, 2013 | Six Months Ended June 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 | $ | 623 | $ | 4 | $ | 4 | $ | 612 | $ | 11 | $ | 11 | |||||||||||||||||||||
| Commercial real estate | 6,228 | 85 | 58 | 6,156 | 202 | 148 | |||||||||||||||||||||||||||
| Commercial | 385 | 4 | 4 | 363 | 6 | 6 | |||||||||||||||||||||||||||
| Home equity lines of credit | 34 | -- | -- | 74 | -- | -- | |||||||||||||||||||||||||||
| Other consumer loans | -- | -- | -- | -- | 1 | 1 | |||||||||||||||||||||||||||
| Total | $ | 7,270 | $ | 93 | $ | 66 | $ | 7,205 | $ | 220 | $ | 166 | |||||||||||||||||||||
| No additional funds are committed to be advanced in connection with impaired loans. | |||||||||||||||||||||||||||||||||
| There were no troubled debt restructurings recorded during the three and six months ended June 30, 2014 and 2013. | |||||||||||||||||||||||||||||||||
| There were no troubled debt restructurings that defaulted during the three and six months ended June 30, 2014 and 2013, and for which default was within one year of the restructure date. | |||||||||||||||||||||||||||||||||
| Credit Quality Information | |||||||||||||||||||||||||||||||||
| The Company utilizes an eleven-grade internal loan rating system for commercial real estate, construction and commercial loans 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. | |||||||||||||||||||||||||||||||||
| 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. | |||||||||||||||||||||||||||||||||
| The following table presents the Company’s loans by risk rating: | |||||||||||||||||||||||||||||||||
| 30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
| Commercial | Construction | Commercial | Total | Commercial | Construction | Commercial | Total | ||||||||||||||||||||||||||
| Real Estate | Real Estate | ||||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||||
| Loans rated 1 -3 and 31 | $ | 76,864 | $ | 88,796 | $ | 15,142 | $ | 180,802 | $ | 71,547 | $ | 80,103 | $ | 15,019 | $ | 166,669 | |||||||||||||||||
| Loans rated 4 | 6,586 | -- | 270 | 6,856 | 8,418 | -- | 1,168 | 9,586 | |||||||||||||||||||||||||
| Loans rated 5 | 1,584 | -- | 225 | 1,809 | 2,402 | -- | 243 | 2,645 | |||||||||||||||||||||||||
| Loans rated 6 | 791 | -- | -- | 791 | -- | -- | -- | -- | |||||||||||||||||||||||||
| Total | $ | 85,825 | $ | 88,796 | $ | 15,637 | $ | 190,258 | $ | 82,367 | $ | 80,103 | $ | 16,430 | $ | 178,900 | |||||||||||||||||
FAIR_VALUES_OF_FINANCIAL_INSTR
| FAIR VALUES OF FINANCIAL INSTRUMENTS | 6 Months Ended | ||||||||||||||||||||||||
| Jun. 30, 2014 | |||||||||||||||||||||||||
| FAIR VALUES OF FINANCIAL INSTRUMENTS | ' | ||||||||||||||||||||||||
| NOTE 7 – 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 generally 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: Forward loan sale commitments and derivative loan commitments are based on fair values of the underlying mortgage loans and the probability of such commitments being exercised. | |||||||||||||||||||||||||
| 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 June 30, 2014 and December 31, 2013 are summarized below. There were no liabilities measured at fair value on a recurring basis at June 30, 2014. | |||||||||||||||||||||||||
| 30-Jun-14 | |||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||
| Securities available for sale | $ | -- | $ | 39,852 | $ | -- | $ | 39,852 | |||||||||||||||||
| Forward loan sale commitments | -- | 4 | -- | 4 | |||||||||||||||||||||
| Total assets | $ | -- | $ | 39,856 | $ | -- | $ | 39,856 | |||||||||||||||||
| 31-Dec-13 | |||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||
| Securities available for sale | $ | -- | $ | 36,672 | $ | -- | $ | 36,672 | |||||||||||||||||
| Forward loan sale commitments | -- | 36 | -- | 36 | |||||||||||||||||||||
| Total assets | $ | -- | $ | 36,708 | $ | -- | $ | 36,708 | |||||||||||||||||
| Liabilities | |||||||||||||||||||||||||
| Derivative loan commitments | $ | -- | $ | 12 | $ | -- | $ | 12 | |||||||||||||||||
| 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 June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||
| 30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| Loans held for sale | $ | -- | $ | -- | $ | 1,598 | $ | -- | $ | -- | $ | 825 | |||||||||||||
| Impaired loans | -- | -- | 1,183 | -- | -- | -- | |||||||||||||||||||
| $ | -- | $ | -- | $ | 2,781 | $ | -- | $ | -- | $ | 825 | ||||||||||||||
| The following table presents the total (losses) gains on loans held for sale and impaired loans for the three and six month periods ended June 30, 2014 and 2013. | |||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
| June 30, | June 30, | ||||||||||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| Loans held for sale | $ | (4 | ) | $ | (125 | ) | $ | 1 | $ | (160 | ) | ||||||||||||||
| Impaired loans | (104 | ) | -- | (181 | ) | -- | |||||||||||||||||||
| $ | (108 | ) | $ | (125 | ) | $ | (180 | ) | $ | (160 | ) | ||||||||||||||
| Loans held for sale (LHFS) are evaluated for losses associated with the application of LOCOM accounting. At June 30, 2014, a rise in market interest rates above contractual loan rates from the time LHFS were recorded is reflected as a reduction in the carrying value of the asset and a loss in recognized in current period earnings. 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 June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||
| Summary of fair values of financial instruments | |||||||||||||||||||||||||
| The estimated fair values and related carrying amounts of the Company’s financial instruments are outlined in the table below. Certain financial instruments and all nonfinancial instruments are excluded from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein may not necessarily represent the underlying fair value of the Company. | |||||||||||||||||||||||||
| Fair Value | |||||||||||||||||||||||||
| Carrying | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||
| Amount | |||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| 30-Jun-14 | |||||||||||||||||||||||||
| Financial assets: | |||||||||||||||||||||||||
| Cash and cash equivalents | $ | 17,579 | $ | 17,579 | $ | -- | $ | -- | $ | 17,579 | |||||||||||||||
| Certificates of deposit | 100 | 100 | -- | -- | 100 | ||||||||||||||||||||
| Securities available for sale | 39,852 | -- | 39,852 | -- | 39,852 | ||||||||||||||||||||
| FHLB stock | 3,300 | -- | -- | 3,300 | 3,300 | ||||||||||||||||||||
| Loans held for sale | 1,598 | -- | 1,598 | -- | 1,598 | ||||||||||||||||||||
| Loans, net | 416,725 | -- | -- | 417,564 | 417,564 | ||||||||||||||||||||
| Accrued interest receivable | 1,133 | -- | -- | 1,133 | 1,133 | ||||||||||||||||||||
| Forward loan sale commitments | 4 | -- | 4 | -- | 4 | ||||||||||||||||||||
| Financial liabilities: | |||||||||||||||||||||||||
| Deposits | $ | 386,986 | $ | -- | $ | -- | $ | 387,586 | $ | 387,586 | |||||||||||||||
| Short-term borrowings | 4,000 | -- | 4,000 | -- | 4,000 | ||||||||||||||||||||
| Long-term debt | 53,500 | 53,616 | -- | 53,616 | |||||||||||||||||||||
| Accrued interest payable | 5 | -- | -- | 5 | 5 | ||||||||||||||||||||
| 31-Dec-13 | |||||||||||||||||||||||||
| Financial assets: | |||||||||||||||||||||||||
| Cash and cash equivalents | $ | 19,067 | $ | 19,067 | $ | -- | $ | -- | $ | 19,067 | |||||||||||||||
| Certificates of deposit | 100 | 100 | -- | -- | 100 | ||||||||||||||||||||
| Securities available for sale | 36,672 | -- | 36,672 | -- | 36,672 | ||||||||||||||||||||
| FHLB stock | 3,176 | -- | -- | 3,176 | 3,176 | ||||||||||||||||||||
| Loans held for sale | 825 | -- | 825 | -- | 825 | ||||||||||||||||||||
| Loans, net | 383,718 | -- | -- | 383,420 | 383,420 | ||||||||||||||||||||
| Accrued interest receivable | 1,044 | -- | -- | 1,044 | 1,044 | ||||||||||||||||||||
| Forward loan sale commitments | 36 | -- | 36 | -- | 36 | ||||||||||||||||||||
| Financial liabilities: | |||||||||||||||||||||||||
| Deposits | $ | 357,518 | $ | -- | $ | -- | $ | 356,850 | $ | 356,850 | |||||||||||||||
| Short-term borrowings | 9,000 | -- | 9,000 | -- | 9,000 | ||||||||||||||||||||
| Long-term debt | 43,500 | -- | 43,493 | -- | 43,493 | ||||||||||||||||||||
| Accrued interest payable | 7 | -- | -- | 7 | 7 | ||||||||||||||||||||
| Derivative loan commitments | 12 | -- | 12 | -- | 12 | ||||||||||||||||||||
EMPLOYEE_STOCK_OWNERSHIP_PLAN
| EMPLOYEE STOCK OWNERSHIP PLAN | 6 Months Ended | ||||
| Jun. 30, 2014 | |||||
| EMPLOYEE STOCK OWNERSHIP PLAN | ' | ||||
| NOTE 8 – EMPLOYEE STOCK OWNERSHIP PLAN | |||||
| The Bank 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 Bank employees. Contributions are allocated to eligible participants on the basis of compensation, subject to federal tax limits. | |||||
| The Company granted a loan to the ESOP to purchase shares of the Company’s common stock at the conversion date. As of June 30, 2014, the ESOP held 191,674 shares or 7.81% of the common stock outstanding on that date. The loan obtained by the ESOP from the Company to purchase common stock is payable annually over 15 years at the rate of 3.25% per annum. The loan can be prepaid without penalty. Loan payments are expected to be funded by cash contributions from the Bank. The loan is secured by the shares purchased, which are held in a trust 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: | |||||
| 30-Jun-14 | |||||
| Allocated | 24,778 | ||||
| Committed to be allocated | 6,419 | ||||
| Unallocated | 160,477 | ||||
| 191,674 | |||||
| The fair value of unallocated shares was approximately $3.0 million at June 30, 2014. | |||||
| Total compensation expense recognized in connection with the ESOP for the three and six month periods ended June 30, 2014 was $60 thousand and $120 thousand, respectively. | |||||
EQUITY_INCENTIVE_PLAN
| EQUITY INCENTIVE PLAN | 6 Months Ended | ||||||||||||
| Jun. 30, 2014 | |||||||||||||
| EQUITY INCENTIVE PLAN | ' | ||||||||||||
| NOTE 9 – EQUITY INCENTIVE PLAN | |||||||||||||
| Under the Company’s Equity Incentive Plan (the “Plan”), the Company may grant stock options to its employees and directors in the form of incentive stock options and non-qualified stock options for up to 240,751 shares. The exercise price of each stock option shall not be less than the fair market value of the Company’s common stock on the date of grant, and the maximum term of each option is 10 years from the date of each award. The vesting period is five years from the date of grant, with vesting at 20% per year. | |||||||||||||
| A restricted stock award (the “award”) is a grant of shares of Company common stock for no consideration, subject to a vesting schedule or the satisfaction of market conditions or performance criteria. Under the Equity Incentive Plan, the Company may also grant stock awards to management, employees and directors for up to 96,286 shares. Awarded shares are held in reserve for each grantee by the Company’s transfer agent, and will be issued from previously authorized but unissued shares upon vesting. The fair value of the stock awards, based on the market price at the grant date, will be recognized over the five-year vesting period. | |||||||||||||
| Stock Options | |||||||||||||
| A summary of option activity under the Plan for the six months ended June 30, 2014, is presented below: | |||||||||||||
| Options | Number of | Weighted | Weighted | Aggregate | |||||||||
| Shares | Average | Average | Intrinsic Value | ||||||||||
| Exercise Price | Remaining | ||||||||||||
| Contractual | |||||||||||||
| Term | |||||||||||||
| (In thousands) | (In years) | (In thousands) | |||||||||||
| Outstanding at beginning of period | 212 | $ | 15.45 | 8.8 | |||||||||
| Granted | -- | -- | -- | ||||||||||
| Exercised | -1 | 15.35 | -- | ||||||||||
| Forfeited | -2 | 15.35 | -- | ||||||||||
| Outstanding at end of period | 209 | $ | 15.45 | 8.3 | $ | 738 | |||||||
| Options exercisable at end of period | 37 | $ | 15.35 | 8.25 | $ | 134 | |||||||
| For the three and six months ended June 30, 2014, share based compensation expense applicable to the stock options was $51 thousand and $102 thousand, respectively, and the recognized tax benefit related to this expense was $9 thousand and $19 thousand, respectively. | |||||||||||||
| Unrecognized compensation expense for non-vested stock options totaled $670 thousand as of June 30, 2014, which will be recognized over the remaining vesting period of 3.30 years. | |||||||||||||
| Stock Awards | |||||||||||||
| The following table presents the activity in non-vested restricted stock awards under the Plan for the six months ended June 30, 2014: | |||||||||||||
| Number of | Weighted Average | ||||||||||||
| Shares | Grant-date | ||||||||||||
| Fair Value | |||||||||||||
| (In thousands) | |||||||||||||
| Non-vested restricted stock awards at beginning of period | 72 | $ | 15.43 | ||||||||||
| Restricted shares granted | -- | -- | |||||||||||
| Shares vested | -- | -- | |||||||||||
| Forfeited | (2 | ) | 15.35 | ||||||||||
| Non-vested restricted stock awards at end of period | 70 | 15.43 | |||||||||||
| For the three and six months ended June 30, 2014 and 2013, compensation expense applicable to the stock awards was $68 thousand and $137 thousand, respectively, and the recognized tax benefit related to this expense was $27 thousand and $55 thousand, respectively. Unrecognized compensation expense for non-vested restricted stock totaled $973 thousand as of June 30, 2014, which will be recognized over the remaining weighted average vesting period of 3.28 years. | |||||||||||||
EARNINGS_PER_COMMON_SHARE
| EARNINGS PER COMMON SHARE | 6 Months Ended | ||||||||||||||||
| Jun. 30, 2014 | |||||||||||||||||
| EARNINGS PER COMMON SHARE | ' | ||||||||||||||||
| NOTE 10 – 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. Under the Company’s Equity Incentive Plan, stock awards granted on October 1, 2013 and 2012 contain non-forfeitable dividend rights. Accordingly, these shares are considered outstanding for computation of basic earnings per share. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock awards and are determined using the treasury stock method. | |||||||||||||||||
| Earnings per common share have been computed as follows: | |||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||
| June 30, | June 30, | ||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | ||||||||||||||
| (In thousands) | |||||||||||||||||
| Net income applicable to common stock | $ | 431 | $ | 583 | $ | 825 | $ | 1,178 | |||||||||
| Average number of common shares issued | 2,452,570 | 2,460,780 | 2,453,554 | 2,466,224 | |||||||||||||
| Less: Average unallocated ESOP shares | (162,082 | ) | (174,920 | ) | (163,387 | ) | (176,525 | ) | |||||||||
| Average number of common shares outstanding | 2,290,488 | 2,285,860 | 2,290,167 | 2,289,699 | |||||||||||||
| used to calculate basic earnings per common share | |||||||||||||||||
| Effect of dilutive stock options | 4,027 | -- | 2,597 | -- | |||||||||||||
| Average number of common shares outstanding used | 2,294,515 | 2,285,860 | 2,292,764 | 2,289,699 | |||||||||||||
| to calculate diluted earnings per share | |||||||||||||||||
| Earnings per common share: | |||||||||||||||||
| Basic | $ | 0.19 | $ | 0.26 | $ | 0.36 | $ | 0.52 | |||||||||
| Diluted | $ | 0.19 | $ | 0.26 | $ | 0.36 | $ | 0.52 | |||||||||
STOCK_REPURCHASE_PLAN
| STOCK REPURCHASE PLAN | 6 Months Ended |
| Jun. 30, 2014 | |
| STOCK REPURCHASE PLAN | ' |
| NOTE 11 – 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 June 30, 2014, the Company had repurchased and retired 40,535 shares. |
DIVIDENDS_DECLARED
| DIVIDENDS DECLARED | 6 Months Ended |
| Jun. 30, 2014 | |
| DIVIDENDS DECLARED | ' |
| NOTE 12 – DIVIDENDS DECLARED | |
| On June 4, 2014, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.025 per share on the Company’s common stock. The dividend was payable to stockholders of record on June 18, 2014. |
LOAN_POLICIES_Policies
| LOAN POLICIES (Policies) | 6 Months Ended | ||||||||||||||||
| Jun. 30, 2014 | |||||||||||||||||
| LOAN POLICIES | ' | ||||||||||||||||
| 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 through a provision for loan losses charged to earnings as losses are estimated to have occurred. 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 the following qualitative factors: 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 2014 or 2013. | |||||||||||||||||
| The qualitative factor adjustments are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: | |||||||||||||||||
| Residential real estate – The Company generally does not originate loans with a loan-to-value ratio greater than 80 percent and does not originate subprime loans. Most loans in this segment are collateralized by one- to four-family residential real estate and repayment is dependent on the credit quality of the individual borrower. | |||||||||||||||||
| Commercial real estate – Loans in this segment are primarily income-producing properties in the Company’s primary market areas in eastern Massachusetts. The underlying cash flows generated by the properties may be adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management obtains rent rolls annually and continually monitors the cash flows of these loans. | |||||||||||||||||
| Construction – Loans in this segment include speculative construction loans for which payment is derived from sale of the property and construction loans on primary residences for which repayment is dependent on the credit quality of the residential borrower. 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 generally 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 probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. | |||||||||||||||||
| The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. | |||||||||||||||||
| Unallocated component | |||||||||||||||||
| An unallocated component is maintained to cover additional uncertainties in management’s estimation of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. | |||||||||||||||||
| COMPREHENSIVE INCOME | ' | ||||||||||||||||
| COMPREHENSIVE INCOME | |||||||||||||||||
| 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: | |||||||||||||||||
| June 30, | December 31, | ||||||||||||||||
| 2014 | 2013 | ||||||||||||||||
| (In thousands) | |||||||||||||||||
| Unrealized holding gains on securities available for sale | $ | 587 | $ | 271 | |||||||||||||
| Tax effect | (229 | ) | (105 | ) | |||||||||||||
| Net-of tax amount | $ | 358 | $ | 166 | |||||||||||||
| RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS | ' | ||||||||||||||||
| RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS | |||||||||||||||||
| In July 2013, federal banking regulators approved minimum requirements for both the quantity and quality of capital held by community banking institutions. The rule includes a new minimum ratio of common equity Tier 1 capital to risk weighted assets of 4.5%, raises the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0% to 6.0% and includes a minimum leverage ratio of 4.0% for all banking organizations. Additionally, community banking institutions must maintain a capital conservation buffer of common equity Tier 1 capital in an amount greater than 2.5% of total risk-weighted assets to avoid being subject to limitations on capital distributions and discretionary bonus payments to executive officers. The Company must begin complying with the rule on January 1, 2015. The Company is currently evaluating the rule but believes that it will continue to exceed all the minimum capital ratio requirements. | |||||||||||||||||
| FAIR VALUES OF FINANCIAL INSTRUMENTS | ' | ||||||||||||||||
| Fair value hierarchy | |||||||||||||||||
| The Company groups its assets generally 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. | |||||||||||||||||
| EARNINGS PER COMMON SHARE | ' | ||||||||||||||||
| 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. Under the Company’s Equity Incentive Plan, stock awards granted on October 1, 2013 and 2012 contain non-forfeitable dividend rights. Accordingly, these shares are considered outstanding for computation of basic earnings per share. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock awards and are determined using the treasury stock method. | |||||||||||||||||
| Earnings per common share have been computed as follows: | |||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||
| June 30, | June 30, | ||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | ||||||||||||||
| (In thousands) | |||||||||||||||||
| Net income applicable to common stock | $ | 431 | $ | 583 | $ | 825 | $ | 1,178 | |||||||||
| Average number of common shares issued | 2,453 | 2,461 | 2,454 | 2,466 | |||||||||||||
| Less: Average unallocated ESOP shares | (162 | ) | (175 | ) | (164 | ) | (176 | ) | |||||||||
| Average number of common shares outstanding | 2,291 | 2,286 | 2,290 | 2,290 | |||||||||||||
| used to calculate basic earnings per common share | |||||||||||||||||
| Effect of dilutive stock options | 4 | -- | 3 | -- | |||||||||||||
| Average number of common shares outstanding used | 2,295 | 2,286 | 2,293 | 2,290 | |||||||||||||
| to calculate diluted earnings per share | |||||||||||||||||
| Earnings per common share: | |||||||||||||||||
| Basic | $ | 0.19 | $ | 0.26 | $ | 0.36 | $ | 0.52 | |||||||||
| Diluted | $ | 0.19 | $ | 0.26 | $ | 0.36 | $ | 0.52 | |||||||||
COMPREHENSIVE_INCOME_Tables
| COMPREHENSIVE INCOME (Tables) | 6 Months Ended | ||||||||
| Jun. 30, 2014 | |||||||||
| Components of Accumulated Other Comprehensive Income | ' | ||||||||
| The components of accumulated other comprehensive income and related tax effects are as follows: | |||||||||
| June 30, | December 31, | ||||||||
| 2014 | 2013 | ||||||||
| (In thousands) | |||||||||
| Unrealized holding gains on securities available for sale | $ | 587 | $ | 271 | |||||
| Tax effect | (229 | ) | (105 | ) | |||||
| Net-of tax amount | $ | 358 | $ | 166 | |||||
SECURITIES_AVAILABLE_FOR_SALE_
| SECURITIES AVAILABLE FOR SALE (Tables) | 6 Months Ended | ||||||||||||||||
| Jun. 30, 2014 | |||||||||||||||||
| 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-Jun-14 | |||||||||||||||||
| Amortized | Gross | Gross | Fair | ||||||||||||||
| Cost | Unrealized | Unrealized | Value | ||||||||||||||
| Gains | Losses | ||||||||||||||||
| (In thousands) | |||||||||||||||||
| Residential mortgage-backed securities: | |||||||||||||||||
| Government National Mortgage Association | $ | 6,460 | $ | 165 | $ | (4 | ) | $ | 6,621 | ||||||||
| Government-sponsored enterprises | 9,173 | 220 | (50 | ) | 9,343 | ||||||||||||
| SBA and other asset-backed securities | 7,956 | 97 | (53 | ) | 8,000 | ||||||||||||
| State and municipal bonds | 5,259 | 166 | (5 | ) | 5,420 | ||||||||||||
| Government-sponsored enterprise obligations | 4,000 | 12 | (9 | ) | 4,003 | ||||||||||||
| Corporate bonds | 6,417 | 74 | (26 | ) | 6,465 | ||||||||||||
| $ | 39,265 | $ | 734 | $ | (147 | ) | $ | 39,852 | |||||||||
| 31-Dec-13 | |||||||||||||||||
| Amortized | Gross | Gross | Fair | ||||||||||||||
| Cost | Unrealized | Unrealized | Value | ||||||||||||||
| Gains | Losses | ||||||||||||||||
| (In thousands) | |||||||||||||||||
| Residential mortgage-backed securities: | |||||||||||||||||
| Government National Mortgage Association | $ | 7,673 | $ | 191 | $ | (33 | ) | $ | 7,831 | ||||||||
| Government-sponsored enterprises | 9,622 | 153 | (93 | ) | 9,682 | ||||||||||||
| SBA and other asset-backed securities | 5,089 | 15 | (90 | ) | 5,014 | ||||||||||||
| State and municipal bonds | 4,025 | 101 | (6 | ) | 4,120 | ||||||||||||
| Government-sponsored enterprise obligations | 2,060 | 4 | (50 | ) | 2,014 | ||||||||||||
| Corporate bonds | 7,932 | 79 | -- | 8,011 | |||||||||||||
| $ | 36,401 | $ | 543 | $ | (272 | ) | $ | 36,672 | |||||||||
| Amortized Cost and Fair Value of Debt Securities by Contractual Maturity | ' | ||||||||||||||||
| The amortized cost and fair value of debt securities by contractual maturity at June 30, 2014 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-Jun-14 | |||||||||||||||||
| Amortized | Fair | ||||||||||||||||
| Cost | Value | ||||||||||||||||
| (In thousands) | |||||||||||||||||
| Within 1 year | $ | 1,249 | $ | 1,253 | |||||||||||||
| After 1 year to 5 years | 5,506 | 5,575 | |||||||||||||||
| After 5 years to 10 years | 4,367 | 4,436 | |||||||||||||||
| After 10 years | 4,554 | 4,624 | |||||||||||||||
| 15,676 | 15,888 | ||||||||||||||||
| Mortgage- and asset-backed securities | 23,589 | 23,964 | |||||||||||||||
| $ | 39,265 | $ | 39,852 | ||||||||||||||
| 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 | ||||||||||||||||
| (In thousands) | |||||||||||||||||
| 30-Jun-14 | |||||||||||||||||
| Residential mortgage-backed securities: | |||||||||||||||||
| Government National Mortgage Association | $ | -- | $ | -- | $ | (4 | ) | $ | 576 | ||||||||
| Government-sponsored enterprises | (6 | ) | 1,049 | (44 | ) | 850 | |||||||||||
| SBA and other asset-backed securities | (3 | ) | 241 | (50 | ) | 1,153 | |||||||||||
| State and municipal bonds | -- | -- | (5 | ) | 547 | ||||||||||||
| Government-sponsored enterprise obligations | -- | -- | (9 | ) | 991 | ||||||||||||
| Corporate bonds | (26 | ) | 1,699 | -- | -- | ||||||||||||
| $ | (35 | ) | $ | 2,989 | $ | (112 | ) | $ | 4,117 | ||||||||
| 31-Dec-13 | |||||||||||||||||
| Residential mortgage-backed securities: | |||||||||||||||||
| Government National Mortgage Association | $ | (33 | ) | $ | 1,496 | $ | -- | $ | -- | ||||||||
| Government-sponsored enterprises | (93 | ) | 4,864 | -- | -- | ||||||||||||
| SBA and other asset-backed securities | (90 | ) | 2,164 | -- | -- | ||||||||||||
| State and municipal bonds | (2 | ) | 251 | (4 | ) | 296 | |||||||||||
| Government-sponsored enterprise obligations | (50 | ) | 949 | -- | -- | ||||||||||||
| $ | (268 | ) | $ | 9,724 | $ | (4 | ) | $ | 296 | ||||||||
LOANS_AND_ALLOWANCE_FOR_LOAN_L1
| LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||||||
| Jun. 30, 2014 | |||||||||||||||||||||||||||||||||
| Summary of Balances of Loans | ' | ||||||||||||||||||||||||||||||||
| A summary of the balances of loans is as follows: | |||||||||||||||||||||||||||||||||
| June 30, | December 31, | ||||||||||||||||||||||||||||||||
| 2014 | 2013 | ||||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||||
| Real estate loans: | |||||||||||||||||||||||||||||||||
| Residential – fixed | $ | 21,509 | $ | 21,101 | |||||||||||||||||||||||||||||
| Residential – variable | 183,011 | 160,618 | |||||||||||||||||||||||||||||||
| Commercial | 85,825 | 82,367 | |||||||||||||||||||||||||||||||
| Construction | 88,796 | 80,103 | |||||||||||||||||||||||||||||||
| 379,141 | 344,189 | ||||||||||||||||||||||||||||||||
| Commercial loans: | |||||||||||||||||||||||||||||||||
| Secured | 14,268 | 14,977 | |||||||||||||||||||||||||||||||
| Unsecured | 1,369 | 1,453 | |||||||||||||||||||||||||||||||
| 15,637 | 16,430 | ||||||||||||||||||||||||||||||||
| Consumer loans: | |||||||||||||||||||||||||||||||||
| Home equity lines of credit | 26,381 | 27,092 | |||||||||||||||||||||||||||||||
| Other | 323 | 415 | |||||||||||||||||||||||||||||||
| 26,704 | 27,507 | ||||||||||||||||||||||||||||||||
| Total loans | 421,482 | 388,126 | |||||||||||||||||||||||||||||||
| Less: | |||||||||||||||||||||||||||||||||
| Allowance for loan losses | (4,613 | ) | (4,213 | ) | |||||||||||||||||||||||||||||
| Net deferred origination fees | (144 | ) | (195 | ) | |||||||||||||||||||||||||||||
| Loans, net | $ | 416,725 | $ | 383,718 | |||||||||||||||||||||||||||||
| 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 six months ended June 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||
| Residential | Commercial | Construction | Commercial | Home | Other | Unallocated | Total | ||||||||||||||||||||||||||
| Real Estate | Real Estate | Equity | Consumer | ||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||||
| Three Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
| Allowance at March 31, 2014 | $ | 1,425 | $ | 1,021 | $ | 1,307 | $ | 390 | $ | 208 | $ | 6 | $ | 36 | $ | 4,393 | |||||||||||||||||
| Provision (credit) for loan losses | 70 | (20 | ) | 136 | (39 | ) | 98 | (2 | ) | (23 | ) | 220 | |||||||||||||||||||||
| Allowance at June 30, 2014 | $ | 1,495 | $ | 1,001 | $ | 1,443 | $ | 351 | $ | 306 | $ | 4 | $ | 13 | $ | 4,613 | |||||||||||||||||
| Three Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||
| Allowance at March 31, 2013 | $ | 1,259 | $ | 919 | $ | 976 | $ | 404 | $ | 192 | $ | 11 | $ | 147 | $ | 3,908 | |||||||||||||||||
| Provision (credit) for loan losses | 134 | 11 | 11 | 43 | (25 | ) | (4 | ) | (70 | ) | 100 | ||||||||||||||||||||||
| Allowance at June 30, 2013 | $ | 1,393 | $ | 930 | $ | 987 | $ | 447 | $ | 167 | $ | 7 | $ | 77 | $ | 4,008 | |||||||||||||||||
| Six Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||
| Allowance at December 31, 2013 | $ | 1,351 | $ | 887 | $ | 1,305 | $ | 426 | $ | 213 | $ | 7 | $ | 24 | $ | 4,213 | |||||||||||||||||
| Provision (credit) for loan losses | 144 | 114 | 138 | (75 | ) | 93 | (3 | ) | (11 | ) | 400 | ||||||||||||||||||||||
| Allowance at June 30, 2014 | $ | 1,495 | $ | 1,001 | $ | 1,443 | $ | 351 | $ | 306 | $ | 4 | $ | 13 | $ | 4,613 | |||||||||||||||||
| Six Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||
| Allowance at December 31, 2012 | $ | 1,157 | $ | 1,041 | $ | 918 | $ | 456 | $ | 171 | $ | 11 | $ | 90 | $ | 3,908 | |||||||||||||||||
| Provision (credit) for loan losses | 236 | (111 | ) | 69 | 27 | (4 | ) | (4 | ) | (13 | ) | 200 | |||||||||||||||||||||
| Loans charged off | -- | -- | -- | (36 | ) | -- | -- | -- | (36 | ) | |||||||||||||||||||||||
| Allowance at June 30, 2013 | $ | 1,393 | $ | 930 | $ | 987 | $ | 447 | $ | 167 | $ | 7 | $ | 77 | $ | 4,008 | |||||||||||||||||
| Additional Information Pertaining to Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||
| Additional information pertaining to the allowance for loan losses at June 30, 2014 and December 31, 2013 is as follows: | |||||||||||||||||||||||||||||||||
| Residential | Commercial | Construction | Commercial | Home | Other | Unallocated | Total | ||||||||||||||||||||||||||
| Real Estate | Real Estate | Equity | Consumer | ||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||||
| 30-Jun-14 | |||||||||||||||||||||||||||||||||
| Allowance related to loans | $ | -- | $ | 86 | $ | -- | $ | -- | $ | 95 | $ | -- | $ | -- | $ | 181 | |||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| deemed to be impaired | |||||||||||||||||||||||||||||||||
| Allowance related to loans | 1,495 | 915 | 1,443 | 351 | 211 | 4 | 13 | 4,432 | |||||||||||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| not deemed impaired, and | |||||||||||||||||||||||||||||||||
| those collectively evaluated | |||||||||||||||||||||||||||||||||
| for impairment | |||||||||||||||||||||||||||||||||
| Total allowance | $ | 1,495 | $ | 1,001 | $ | 1,443 | $ | 351 | $ | 306 | $ | 4 | $ | 13 | $ | 4,613 | |||||||||||||||||
| Impaired loan balances | $ | 413 | $ | 2,601 | $ | -- | $ | 27 | $ | 426 | $ | -- | $ | -- | $ | 3,467 | |||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| deemed to be impaired | |||||||||||||||||||||||||||||||||
| Loan balances individually | 204,107 | 83,224 | 88,796 | 15,610 | 25,955 | 323 | -- | 418,015 | |||||||||||||||||||||||||
| evaluated and not deemed | |||||||||||||||||||||||||||||||||
| impaired, and those collectively | |||||||||||||||||||||||||||||||||
| evaluated for impairment | |||||||||||||||||||||||||||||||||
| Total loans | $ | 204,520 | $ | 85,825 | $ | 88,796 | $ | 15,637 | $ | 26,381 | $ | 323 | $ | -- | $ | 421,482 | |||||||||||||||||
| 31-Dec-13 | |||||||||||||||||||||||||||||||||
| Allowance related to loans | $ | -- | $ | -- | $ | -- | $ | -- | $ | -- | $ | -- | $ | -- | $ | -- | |||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| deemed to be impaired | |||||||||||||||||||||||||||||||||
| Allowance related to loans | 1,351 | 887 | 1,305 | 426 | 213 | 7 | 24 | 4,213 | |||||||||||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| not deemed impaired, and | |||||||||||||||||||||||||||||||||
| those collectively evaluated | |||||||||||||||||||||||||||||||||
| for impairment | |||||||||||||||||||||||||||||||||
| Total allowance | $ | 1,351 | $ | 887 | $ | 1,305 | $ | 426 | $ | 213 | $ | 7 | $ | 24 | $ | 4,213 | |||||||||||||||||
| Impaired loan balances | $ | 425 | $ | 5,269 | $ | -- | $ | 34 | $ | 427 | $ | -- | $ | -- | $ | 6,155 | |||||||||||||||||
| individually evaluated and | |||||||||||||||||||||||||||||||||
| deemed to be impaired | |||||||||||||||||||||||||||||||||
| Loan balances individually | 181,294 | 77,098 | 80,103 | 16,396 | 26,665 | 415 | -- | 381,971 | |||||||||||||||||||||||||
| evaluated and not deemed | |||||||||||||||||||||||||||||||||
| impaired, and those collectively | |||||||||||||||||||||||||||||||||
| evaluated for impairment | |||||||||||||||||||||||||||||||||
| Total loans | $ | 181,719 | $ | 82,367 | $ | 80,103 | $ | 16,430 | $ | 27,092 | $ | 415 | $ | -- | $ | 388,126 | |||||||||||||||||
| Past Due and Nonaccrual Loans | ' | ||||||||||||||||||||||||||||||||
| The following is a summary of past due and non-accrual loans at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||
| 30-59 | 60-89 Days | Past Due 90 | Total | Past Due 90 | Non- | ||||||||||||||||||||||||||||
| Days | Past Due | Days or | Past Due | Days or More | accrual | ||||||||||||||||||||||||||||
| Past Due | More | and Still | Loans | ||||||||||||||||||||||||||||||
| Accruing | |||||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||||
| 30-Jun-14 | |||||||||||||||||||||||||||||||||
| Residential real estate | $ | 1,001 | $ | -- | $ | -- | $ | 1,001 | $ | -- | $ | 413 | |||||||||||||||||||||
| Commercial real estate | 2 | -- | 791 | 793 | -- | 2,601 | |||||||||||||||||||||||||||
| Commercial | -- | -- | 2 | 2 | -- | 27 | |||||||||||||||||||||||||||
| Home equity lines of credit | 81 | -- | 392 | 473 | -- | 426 | |||||||||||||||||||||||||||
| Total | $ | 1,084 | $ | -- | $ | 1,185 | $ | 2,269 | $ | -- | $ | 3,467 | |||||||||||||||||||||
| 31-Dec-13 | |||||||||||||||||||||||||||||||||
| Residential real estate | $ | -- | $ | 335 | $ | 90 | $ | 425 | $ | -- | $ | 639 | |||||||||||||||||||||
| Commercial real estate | 867 | 791 | -- | 1,658 | -- | 2,645 | |||||||||||||||||||||||||||
| Commercial | -- | -- | 34 | 34 | -- | 34 | |||||||||||||||||||||||||||
| Home equity lines of credit | 136 | 308 | 583 | 1,027 | 191 | 427 | |||||||||||||||||||||||||||
| Total | $ | $1,003 | $ | $1,434 | $ | $707 | $ | $3,144 | $ | $191 | $ | $3,745 | |||||||||||||||||||||
| Impaired Loans | ' | ||||||||||||||||||||||||||||||||
| The following is a summary of impaired loans at June 30, 2014 and December 31, 2013: | |||||||||||||||||||||||||||||||||
| 30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
| 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 | $ | 413 | $ | 413 | $ | -- | $ | 425 | $ | 425 | $ | -- | |||||||||||||||||||||
| Commercial real estate | 1,810 | 1,810 | -- | 5,269 | 5,269 | -- | |||||||||||||||||||||||||||
| Commercial | 27 | 27 | -- | 34 | 34 | -- | |||||||||||||||||||||||||||
| Home equity lines of credit | 34 | 34 | -- | 427 | 427 | -- | |||||||||||||||||||||||||||
| Total | 2,284 | 2,284 | -- | 6,155 | 6,155 | -- | |||||||||||||||||||||||||||
| Impaired loans with a valuation allowance: | |||||||||||||||||||||||||||||||||
| Commercial real estate | 791 | 791 | 86 | -- | -- | -- | |||||||||||||||||||||||||||
| Home equity lines of credit | 392 | 392 | 95 | -- | -- | -- | |||||||||||||||||||||||||||
| Total impaired loans | $ | 3,467 | $ | 3,467 | $ | 181 | $ | 6,155 | $ | 6,155 | $ | -- | |||||||||||||||||||||
| Additional Information Pertaining to Impaired Loans | ' | ||||||||||||||||||||||||||||||||
| Additional information pertaining to impaired loans follows: | |||||||||||||||||||||||||||||||||
| Three Months Ended June 30, 2014 | Six Months Ended June 30, 2014 | ||||||||||||||||||||||||||||||||
| 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 | $ | 419 | $ | 4 | $ | 10 | $ | 421 | $ | 8 | $ | 13 | |||||||||||||||||||||
| Commercial real estate | 3,924 | 38 | 26 | 4,498 | 77 | 54 | |||||||||||||||||||||||||||
| Commercial | 28 | -- | -- | 29 | 1 | 1 | |||||||||||||||||||||||||||
| Home equity lines of credit | 427 | 4 | -- | 427 | 8 | -- | |||||||||||||||||||||||||||
| Total | $ | 4,798 | $ | 46 | $ | 36 | $ | 5,375 | $ | 94 | $ | 68 | |||||||||||||||||||||
| Three Months Ended June 30, 2013 | Six Months Ended June 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 | $ | 623 | $ | 4 | $ | 4 | $ | 612 | $ | 11 | $ | 11 | |||||||||||||||||||||
| Commercial real estate | 6,228 | 85 | 58 | 6,156 | 202 | 148 | |||||||||||||||||||||||||||
| Commercial | 385 | 4 | 4 | 363 | 6 | 6 | |||||||||||||||||||||||||||
| Home equity lines of credit | 34 | -- | -- | 74 | -- | -- | |||||||||||||||||||||||||||
| Other consumer loans | -- | -- | -- | -- | 1 | 1 | |||||||||||||||||||||||||||
| Total | $ | 7,270 | $ | 93 | $ | 66 | $ | 7,205 | $ | 220 | $ | 166 | |||||||||||||||||||||
| Loans by Risk Rating and by Category | ' | ||||||||||||||||||||||||||||||||
| The following table presents the Company’s loans by risk rating: | |||||||||||||||||||||||||||||||||
| 30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||||||||||
| Commercial | Construction | Commercial | Total | Commercial | Construction | Commercial | Total | ||||||||||||||||||||||||||
| Real Estate | Real Estate | ||||||||||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||||||
| Loans rated 1 -3 and 31 | $ | 76,864 | $ | 88,796 | $ | 15,142 | $ | 180,802 | $ | 71,547 | $ | 80,103 | $ | 15,019 | $ | 166,669 | |||||||||||||||||
| Loans rated 4 | 6,586 | -- | 270 | 6,856 | 8,418 | -- | 1,168 | 9,586 | |||||||||||||||||||||||||
| Loans rated 5 | 1,584 | -- | 225 | 1,809 | 2,402 | -- | 243 | 2,645 | |||||||||||||||||||||||||
| Loans rated 6 | 791 | -- | -- | 791 | -- | -- | -- | -- | |||||||||||||||||||||||||
| Total | $ | 85,825 | $ | 88,796 | $ | 15,637 | $ | 190,258 | $ | 82,367 | $ | 80,103 | $ | 16,430 | $ | 178,900 | |||||||||||||||||
FAIR_VALUES_OF_FINANCIAL_INSTR1
| FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended | ||||||||||||||||||||||||
| Jun. 30, 2014 | |||||||||||||||||||||||||
| Assets Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||||||||||
| Assets and liabilities measured at fair value on a recurring basis at June 30, 2014 and December 31, 2013 are summarized below. There were no liabilities measured at fair value on a recurring basis at June 30, 2014. | |||||||||||||||||||||||||
| 30-Jun-14 | |||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||
| Securities available for sale | $ | -- | $ | 39,852 | $ | -- | $ | 39,852 | |||||||||||||||||
| Forward loan sale commitments | -- | 4 | -- | 4 | |||||||||||||||||||||
| Total assets | $ | -- | $ | 39,856 | $ | -- | $ | 39,856 | |||||||||||||||||
| 31-Dec-13 | |||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Fair Value | ||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| Assets | |||||||||||||||||||||||||
| Securities available for sale | $ | -- | $ | 36,672 | $ | -- | $ | 36,672 | |||||||||||||||||
| Forward loan sale commitments | -- | 36 | -- | 36 | |||||||||||||||||||||
| Total assets | $ | -- | $ | 36,708 | $ | -- | $ | 36,708 | |||||||||||||||||
| Liabilities | |||||||||||||||||||||||||
| Derivative loan commitments | $ | -- | $ | 12 | $ | -- | $ | 12 | |||||||||||||||||
| 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 June 30, 2014 and December 31, 2013. | |||||||||||||||||||||||||
| 30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| Loans held for sale | $ | -- | $ | -- | $ | 1,598 | $ | -- | $ | -- | $ | 825 | |||||||||||||
| Impaired loans | -- | -- | 1,183 | -- | -- | -- | |||||||||||||||||||
| $ | -- | $ | -- | $ | 2,781 | $ | -- | $ | -- | $ | 825 | ||||||||||||||
| Total Losses Gains on Loans Held for Sale and Impaired Loans | ' | ||||||||||||||||||||||||
| The following table presents the total (losses) gains on loans held for sale and impaired loans for the three and six month periods ended June 30, 2014 and 2013. | |||||||||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||||
| June 30, | June 30, | ||||||||||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| Loans held for sale | $ | (4 | ) | $ | (125 | ) | $ | 1 | $ | (160 | ) | ||||||||||||||
| Impaired loans | (104 | ) | -- | (181 | ) | -- | |||||||||||||||||||
| $ | (108 | ) | $ | (125 | ) | $ | (180 | ) | $ | (160 | ) | ||||||||||||||
| 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. | |||||||||||||||||||||||||
| Fair Value | |||||||||||||||||||||||||
| Carrying | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||||||
| Amount | |||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||
| 30-Jun-14 | |||||||||||||||||||||||||
| Financial assets: | |||||||||||||||||||||||||
| Cash and cash equivalents | $ | 17,579 | $ | 17,579 | $ | -- | $ | -- | $ | 17,579 | |||||||||||||||
| Certificates of deposit | 100 | 100 | -- | -- | 100 | ||||||||||||||||||||
| Securities available for sale | 39,852 | -- | 39,852 | -- | 39,852 | ||||||||||||||||||||
| FHLB stock | 3,300 | -- | -- | 3,300 | 3,300 | ||||||||||||||||||||
| Loans held for sale | 1,598 | -- | 1,598 | -- | 1,598 | ||||||||||||||||||||
| Loans, net | 416,725 | -- | -- | 417,564 | 417,564 | ||||||||||||||||||||
| Accrued interest receivable | 1,133 | -- | -- | 1,133 | 1,133 | ||||||||||||||||||||
| Forward loan sale commitments | 4 | -- | 4 | -- | 4 | ||||||||||||||||||||
| Financial liabilities: | |||||||||||||||||||||||||
| Deposits | $ | 386,986 | $ | -- | $ | -- | $ | 387,586 | $ | 387,586 | |||||||||||||||
| Short-term borrowings | 4,000 | -- | 4,000 | -- | 4,000 | ||||||||||||||||||||
| Long-term debt | 53,500 | 53,616 | -- | 53,616 | |||||||||||||||||||||
| Accrued interest payable | 5 | -- | -- | 5 | 5 | ||||||||||||||||||||
| 31-Dec-13 | |||||||||||||||||||||||||
| Financial assets: | |||||||||||||||||||||||||
| Cash and cash equivalents | $ | 19,067 | $ | 19,067 | $ | -- | $ | -- | $ | 19,067 | |||||||||||||||
| Certificates of deposit | 100 | 100 | -- | -- | 100 | ||||||||||||||||||||
| Securities available for sale | 36,672 | -- | 36,672 | -- | 36,672 | ||||||||||||||||||||
| FHLB stock | 3,176 | -- | -- | 3,176 | 3,176 | ||||||||||||||||||||
| Loans held for sale | 825 | -- | 825 | -- | 825 | ||||||||||||||||||||
| Loans, net | 383,718 | -- | -- | 383,420 | 383,420 | ||||||||||||||||||||
| Accrued interest receivable | 1,044 | -- | -- | 1,044 | 1,044 | ||||||||||||||||||||
| Forward loan sale commitments | 36 | -- | 36 | -- | 36 | ||||||||||||||||||||
| Financial liabilities: | |||||||||||||||||||||||||
| Deposits | $ | 357,518 | $ | -- | $ | -- | $ | 356,850 | $ | 356,850 | |||||||||||||||
| Short-term borrowings | 9,000 | -- | 9,000 | -- | 9,000 | ||||||||||||||||||||
| Long-term debt | 43,500 | -- | 43,493 | -- | 43,493 | ||||||||||||||||||||
| Accrued interest payable | 7 | -- | -- | 7 | 7 | ||||||||||||||||||||
| Derivative loan commitments | 12 | -- | 12 | -- | 12 | ||||||||||||||||||||
EMPLOYEE_STOCK_OWNERSHIP_PLAN_
| EMPLOYEE STOCK OWNERSHIP PLAN (Tables) | 6 Months Ended | ||||
| Jun. 30, 2014 | |||||
| Shares held by ESOP | ' | ||||
| Shares held by the ESOP include the following: | |||||
| 30-Jun-14 | |||||
| Allocated | 24,778 | ||||
| Committed to be allocated | 6,419 | ||||
| Unallocated | 160,477 | ||||
| 191,674 | |||||
EQUITY_INCENTIVE_PLAN_Tables
| EQUITY INCENTIVE PLAN (Tables) | 6 Months Ended | ||||||||||||
| Jun. 30, 2014 | |||||||||||||
| Summary of Option Activity | ' | ||||||||||||
| A summary of option activity under the Plan for the six months ended June 30, 2014, is presented below: | |||||||||||||
| Options | Number of | Weighted | Weighted | Aggregate | |||||||||
| Shares | Average | Average | Intrinsic Value | ||||||||||
| Exercise Price | Remaining | ||||||||||||
| Contractual | |||||||||||||
| Term | |||||||||||||
| (In thousands) | (In years) | (In thousands) | |||||||||||
| Outstanding at beginning of period | 212 | $ | 15.45 | 8.8 | |||||||||
| Granted | -- | -- | -- | ||||||||||
| Exercised | -1 | 15.35 | -- | ||||||||||
| Forfeited | -2 | 15.35 | -- | ||||||||||
| Outstanding at end of period | 209 | $ | 15.45 | 8.3 | $ | 738 | |||||||
| Options exercisable at end of period | 37 | $ | 15.35 | 8.25 | $ | 134 | |||||||
| Non-Vested Stock Activity | ' | ||||||||||||
| The following table presents the activity in non-vested restricted stock awards under the Plan for the six months ended June 30, 2014: | |||||||||||||
| Number of | Weighted Average | ||||||||||||
| Shares | Grant-date | ||||||||||||
| Fair Value | |||||||||||||
| (In thousands) | |||||||||||||
| Non-vested restricted stock awards at beginning of period | 72 | $ | 15.43 | ||||||||||
| Restricted shares granted | -- | -- | |||||||||||
| Shares vested | -- | -- | |||||||||||
| Forfeited | (2 | ) | 15.35 | ||||||||||
| Non-vested restricted stock awards at end of period | 70 | 15.43 | |||||||||||
EARNINGS_PER_COMMON_SHARE_Tabl
| EARNINGS PER COMMON SHARE (Tables) | 6 Months Ended | ||||||||||||||||
| Jun. 30, 2014 | |||||||||||||||||
| Earnings Per Common Share | ' | ||||||||||||||||
| Earnings per common share have been computed as follows: | |||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||
| June 30, | June 30, | ||||||||||||||||
| 2014 | 2013 | 2014 | 2013 | ||||||||||||||
| (In thousands) | |||||||||||||||||
| Net income applicable to common stock | $ | 431 | $ | 583 | $ | 825 | $ | 1,178 | |||||||||
| Average number of common shares issued | 2,452,570 | 2,460,780 | 2,453,554 | 2,466,224 | |||||||||||||
| Less: Average unallocated ESOP shares | (162,082 | ) | (174,920 | ) | (163,387 | ) | (176,525 | ) | |||||||||
| Average number of common shares outstanding | 2,290,488 | 2,285,860 | 2,290,167 | 2,289,699 | |||||||||||||
| used to calculate basic earnings per common share | |||||||||||||||||
| Effect of dilutive stock options | 4,027 | -- | 2,597 | -- | |||||||||||||
| Average number of common shares outstanding used | 2,294,515 | 2,285,860 | 2,292,764 | 2,289,699 | |||||||||||||
| to calculate diluted earnings per share | |||||||||||||||||
| Earnings per common share: | |||||||||||||||||
| Basic | $ | 0.19 | $ | 0.26 | $ | 0.36 | $ | 0.52 | |||||||||
| Diluted | $ | 0.19 | $ | 0.26 | $ | 0.36 | $ | 0.52 | |||||||||
Loan_Policies_Additional_Infor
| Loan Policies - Additional Information (Detail) | 6 Months Ended |
| Jun. 30, 2014 | |
| 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 $) | 6 Months Ended | 12 Months Ended |
| In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
| Accumulated Other Comprehensive Income (Loss) | ' | ' |
| Unrealized holding gains on securities available for sale | $587 | $271 |
| Tax effect | -229 | -105 |
| Net-of tax amount | $358 | $166 |
Recovered_Sheet1
| Recent Accounting and Regulatory Pronouncements - Additional Information (Detail) | Jul. 31, 2013 |
| Significant Accounting Policies [Line Items] | ' |
| Tier one risk based capital to risk weighted assets | 4.50% |
| Minimum | ' |
| Significant Accounting Policies [Line Items] | ' |
| Tier one risk based capital to risk weighted assets | 4.00% |
| Leverage ratio | 4.00% |
| Tier one capital conservation buffer to risk weighted assets | 2.50% |
| Maximum | ' |
| Significant Accounting Policies [Line Items] | ' |
| Tier one risk based capital to risk weighted assets | 6.00% |
Amortized_Cost_and_Fair_Value_
| Amortized Cost and Fair Value of Securities Available for Sale with Gross Unrealized Gains and Losses (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Schedule of Available-for-sale Securities | ' | ' |
| Amortized Cost | $39,265 | $36,401 |
| Gross Unrealized Gains | 734 | 543 |
| Gross Unrealized Losses | -147 | -272 |
| Fair Value | 39,852 | 36,672 |
| SBA and other asset-backed securities | ' | ' |
| Schedule of Available-for-sale Securities | ' | ' |
| Amortized Cost | 7,956 | 5,089 |
| Gross Unrealized Gains | 97 | 15 |
| Gross Unrealized Losses | -53 | -90 |
| Fair Value | 8,000 | 5,014 |
| State and municipal bonds | ' | ' |
| Schedule of Available-for-sale Securities | ' | ' |
| Amortized Cost | 5,259 | 4,025 |
| Gross Unrealized Gains | 166 | 101 |
| Gross Unrealized Losses | -5 | -6 |
| Fair Value | 5,420 | 4,120 |
| Government-sponsored enterprise obligations | ' | ' |
| Schedule of Available-for-sale Securities | ' | ' |
| Amortized Cost | 4,000 | 2,060 |
| Gross Unrealized Gains | 12 | 4 |
| Gross Unrealized Losses | -9 | -50 |
| Fair Value | 4,003 | 2,014 |
| Corporate bonds | ' | ' |
| Schedule of Available-for-sale Securities | ' | ' |
| Amortized Cost | 6,417 | 7,932 |
| Gross Unrealized Gains | 74 | 79 |
| Gross Unrealized Losses | -26 | ' |
| Fair Value | 6,465 | 8,011 |
| Residential mortgage-backed securities | Government National Mortgage Association | ' | ' |
| Schedule of Available-for-sale Securities | ' | ' |
| Amortized Cost | 6,460 | 7,673 |
| Gross Unrealized Gains | 165 | 191 |
| Gross Unrealized Losses | -4 | -33 |
| Fair Value | 6,621 | 7,831 |
| Residential mortgage-backed securities | Government-sponsored enterprises | ' | ' |
| Schedule of Available-for-sale Securities | ' | ' |
| Amortized Cost | 9,173 | 9,622 |
| Gross Unrealized Gains | 220 | 153 |
| Gross Unrealized Losses | -50 | -93 |
| Fair Value | $9,343 | $9,682 |
Amortized_Cost_and_Fair_Value_1
| Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) (USD $) | Jun. 30, 2014 |
| In Thousands, unless otherwise specified | |
| Available-for-sale Securities, Debt Maturities, Amortized Cost | ' |
| Within 1 year | $1,249 |
| After 1 year to 5 years | 5,506 |
| After 5 years to 10 years | 4,367 |
| After 10 years | 4,554 |
| Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total | 15,676 |
| Mortgage- and asset-backed securities | 23,589 |
| Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Total | 39,265 |
| Available-for-sale Securities, Debt Maturities, Fair Value | ' |
| Within 1 year | 1,253 |
| After 1 year to 5 years | 5,575 |
| After 5 years to 10 years | 4,436 |
| After 10 years | 4,624 |
| Available-for-sale Securities, Debt Maturities, Single Maturity Date, Total | 15,888 |
| Mortgage- and asset-backed securities | 23,964 |
| Available-for-sale Securities, Debt Securities, Total | $39,852 |
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 $) | Jun. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Less Than Twelve Months Gross Unrealized Losses | ($35) | ($268) |
| Less Than Twelve Months Fair Value | 2,989 | 9,724 |
| Over Twelve Months Gross Unrealized Losses | -112 | -4 |
| Over Twelve Months Fair Value | 4,117 | 296 |
| SBA and other asset-backed securities | ' | ' |
| Less Than Twelve Months Gross Unrealized Losses | -3 | -90 |
| Less Than Twelve Months Fair Value | 241 | 2,164 |
| Over Twelve Months Gross Unrealized Losses | -50 | ' |
| Over Twelve Months Fair Value | 1,153 | ' |
| State and municipal bonds | ' | ' |
| Less Than Twelve Months Gross Unrealized Losses | ' | -2 |
| Less Than Twelve Months Fair Value | ' | 251 |
| Over Twelve Months Gross Unrealized Losses | -5 | -4 |
| Over Twelve Months Fair Value | 547 | 296 |
| Government-sponsored enterprise obligations | ' | ' |
| Less Than Twelve Months Gross Unrealized Losses | ' | -50 |
| Less Than Twelve Months Fair Value | ' | 949 |
| Over Twelve Months Gross Unrealized Losses | -9 | ' |
| Over Twelve Months Fair Value | 991 | ' |
| Corporate bonds | ' | ' |
| Less Than Twelve Months Gross Unrealized Losses | -26 | ' |
| Less Than Twelve Months Fair Value | 1,699 | ' |
| Residential mortgage-backed securities | Government National Mortgage Association | ' | ' |
| Less Than Twelve Months Gross Unrealized Losses | ' | -33 |
| Less Than Twelve Months Fair Value | ' | 1,496 |
| Over Twelve Months Gross Unrealized Losses | -4 | ' |
| Over Twelve Months Fair Value | 576 | ' |
| Residential mortgage-backed securities | Government-sponsored enterprises | ' | ' |
| Less Than Twelve Months Gross Unrealized Losses | -6 | -93 |
| Less Than Twelve Months Fair Value | 1,049 | 4,864 |
| Over Twelve Months Gross Unrealized Losses | -44 | ' |
| Over Twelve Months Fair Value | $850 | ' |
Summary_of_Balances_of_Loans_D
| Summary of Balances of Loans (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | $421,482 | $388,126 |
| Allowance for loan losses | -4,613 | -4,213 |
| Net deferred origination fees | -144 | -195 |
| Loans, net | 416,725 | 383,718 |
| Commercial Real Estate | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 85,825 | 82,367 |
| Construction | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 88,796 | 80,103 |
| Home equity lines of credit | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 26,381 | 27,092 |
| Other Consumer | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 323 | 415 |
| Real estate loans | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 379,141 | 344,189 |
| Real estate loans | Residential - fixed | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 21,509 | 21,101 |
| Real estate loans | Residential - variable | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 183,011 | 160,618 |
| Real estate loans | Commercial Real Estate | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 85,825 | 82,367 |
| Real estate loans | Construction | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 88,796 | 80,103 |
| Commercial | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 15,637 | 16,430 |
| Commercial | Secured | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 14,268 | 14,977 |
| Commercial | Unsecured | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 1,369 | 1,453 |
| Consumer loans | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 26,704 | 27,507 |
| Consumer loans | Home equity lines of credit | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | 26,381 | 27,092 |
| Consumer loans | Other Consumer | ' | ' |
| Accounts, Notes, Loans and Financing Receivable | ' | ' |
| Loans | $323 | $415 |
Changes_in_Allowance_for_Loan_
| Changes in Allowance for Loan Losses by Portfolio Segment (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
| In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' |
| Allowance Beginning Balance | $4,393 | $3,908 | $4,213 | $3,908 |
| Provision (credit) for loan losses | 220 | 100 | 400 | 200 |
| Loans charged off | ' | ' | ' | -36 |
| Allowance Ending Balance | 4,613 | 4,008 | 4,613 | 4,008 |
| Residential Real Estate | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' |
| Allowance Beginning Balance | 1,425 | 1,259 | 1,351 | 1,157 |
| Provision (credit) for loan losses | 70 | 134 | 144 | 236 |
| Allowance Ending Balance | 1,495 | 1,393 | 1,495 | 1,393 |
| Commercial Real Estate | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' |
| Allowance Beginning Balance | 1,021 | 919 | 887 | 1,041 |
| Provision (credit) for loan losses | -20 | 11 | 114 | -111 |
| Allowance Ending Balance | 1,001 | 930 | 1,001 | 930 |
| Construction | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' |
| Allowance Beginning Balance | 1,307 | 976 | 1,305 | 918 |
| Provision (credit) for loan losses | 136 | 11 | 138 | 69 |
| Allowance Ending Balance | 1,443 | 987 | 1,443 | 987 |
| Commercial | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' |
| Allowance Beginning Balance | 390 | 404 | 426 | 456 |
| Provision (credit) for loan losses | -39 | 43 | -75 | 27 |
| Loans charged off | ' | ' | ' | -36 |
| Allowance Ending Balance | 351 | 447 | 351 | 447 |
| Home equity lines of credit | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' |
| Allowance Beginning Balance | 208 | 192 | 213 | 171 |
| Provision (credit) for loan losses | 98 | -25 | 93 | -4 |
| Allowance Ending Balance | 306 | 167 | 306 | 167 |
| Other Consumer | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' |
| Allowance Beginning Balance | 6 | 11 | 7 | 11 |
| Provision (credit) for loan losses | -2 | -4 | -3 | -4 |
| Allowance Ending Balance | 4 | 7 | 4 | 7 |
| Unallocated | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' |
| Allowance Beginning Balance | 36 | 147 | 24 | 90 |
| Provision (credit) for loan losses | -23 | -70 | -11 | -13 |
| Allowance Ending Balance | $13 | $77 | $13 | $77 |
Additional_Information_Pertain
| Additional Information Pertaining to Allowance for Loan Losses (Detail) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 |
| In Thousands, unless otherwise specified | ||||||
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' | ' | ' |
| Allowance related to loans individually evaluated and deemed to be impaired | $181 | ' | ' | ' | ' | ' |
| Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 4,432 | ' | 4,213 | ' | ' | ' |
| Total allowance | 4,613 | 4,393 | 4,213 | 4,008 | 3,908 | 3,908 |
| Impaired loan balances individually evaluated and deemed to be impaired | 3,467 | ' | 6,155 | ' | ' | ' |
| Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 418,015 | ' | 381,971 | ' | ' | ' |
| Total loans | 421,482 | ' | 388,126 | ' | ' | ' |
| 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 | 1,495 | ' | 1,351 | ' | ' | ' |
| Total allowance | 1,495 | 1,425 | 1,351 | 1,393 | 1,259 | 1,157 |
| Impaired loan balances individually evaluated and deemed to be impaired | 413 | ' | 425 | ' | ' | ' |
| Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 204,107 | ' | 181,294 | ' | ' | ' |
| Total loans | 204,520 | ' | 181,719 | ' | ' | ' |
| Commercial Real Estate | ' | ' | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' | ' | ' |
| Allowance related to loans individually evaluated and deemed to be impaired | 86 | ' | ' | ' | ' | ' |
| Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 915 | ' | 887 | ' | ' | ' |
| Total allowance | 1,001 | 1,021 | 887 | 930 | 919 | 1,041 |
| Impaired loan balances individually evaluated and deemed to be impaired | 2,601 | ' | 5,269 | ' | ' | ' |
| Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 83,224 | ' | 77,098 | ' | ' | ' |
| Total loans | 85,825 | ' | 82,367 | ' | ' | ' |
| Construction | ' | ' | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' | ' | ' |
| Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 1,443 | ' | 1,305 | ' | ' | ' |
| Total allowance | 1,443 | 1,307 | 1,305 | 987 | 976 | 918 |
| Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 88,796 | ' | 80,103 | ' | ' | ' |
| Total loans | 88,796 | ' | 80,103 | ' | ' | ' |
| Commercial | ' | ' | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' | ' | ' |
| Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 351 | ' | 426 | ' | ' | ' |
| Total allowance | 351 | 390 | 426 | 447 | 404 | 456 |
| Impaired loan balances individually evaluated and deemed to be impaired | 27 | ' | 34 | ' | ' | ' |
| Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 15,610 | ' | 16,396 | ' | ' | ' |
| Total loans | 15,637 | ' | 16,430 | ' | ' | ' |
| 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 | 211 | ' | 213 | ' | ' | ' |
| Total allowance | 306 | 208 | 213 | 167 | 192 | 171 |
| Impaired loan balances individually evaluated and deemed to be impaired | 426 | ' | 427 | ' | ' | ' |
| Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 25,955 | ' | 26,665 | ' | ' | ' |
| Total loans | 26,381 | ' | 27,092 | ' | ' | ' |
| Other Consumer | ' | ' | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' | ' | ' |
| Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 4 | ' | 7 | ' | ' | ' |
| Total allowance | 4 | 6 | 7 | 7 | 11 | 11 |
| Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 323 | ' | 415 | ' | ' | ' |
| Total loans | 323 | ' | 415 | ' | ' | ' |
| Unallocated | ' | ' | ' | ' | ' | ' |
| Financing Receivable, Allowance for Credit Losses | ' | ' | ' | ' | ' | ' |
| Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment | 13 | ' | 24 | ' | ' | ' |
| Total allowance | $13 | $36 | $24 | $77 | $147 | $90 |
Past_Due_and_Nonaccrual_Loans_
| Past Due and Nonaccrual Loans (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Financing Receivable, Recorded Investment, Past Due | ' | ' |
| 30-59 Days Past Due | $1,084 | $1,003 |
| 60-89 Days Past Due | ' | 1,434 |
| Past Due 90 Days or More | 1,185 | 707 |
| Total Past Due | 2,269 | 3,144 |
| Past Due 90 Days or More and Still Accruing | ' | 191 |
| Non-accrual Loans | 3,467 | 3,745 |
| Residential Real Estate | ' | ' |
| Financing Receivable, Recorded Investment, Past Due | ' | ' |
| 30-59 Days Past Due | 1,001 | ' |
| 60-89 Days Past Due | ' | 335 |
| Past Due 90 Days or More | ' | 90 |
| Total Past Due | 1,001 | 425 |
| Non-accrual Loans | 413 | 639 |
| Commercial Real Estate | ' | ' |
| Financing Receivable, Recorded Investment, Past Due | ' | ' |
| 30-59 Days Past Due | 2 | 867 |
| 60-89 Days Past Due | ' | 791 |
| Past Due 90 Days or More | 791 | ' |
| Total Past Due | 793 | 1,658 |
| Non-accrual Loans | 2,601 | 2,645 |
| Commercial | ' | ' |
| Financing Receivable, Recorded Investment, Past Due | ' | ' |
| Past Due 90 Days or More | 2 | 34 |
| Total Past Due | 2 | 34 |
| Non-accrual Loans | 27 | 34 |
| Home equity lines of credit | ' | ' |
| Financing Receivable, Recorded Investment, Past Due | ' | ' |
| 30-59 Days Past Due | 81 | 136 |
| 60-89 Days Past Due | ' | 308 |
| Past Due 90 Days or More | 392 | 583 |
| Total Past Due | 473 | 1,027 |
| Past Due 90 Days or More and Still Accruing | ' | 191 |
| Non-accrual Loans | $426 | $427 |
Impaired_Loans_Detail
| Impaired Loans (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Financing Receivable, Impaired | ' | ' |
| Recorded Investment, Without a Valuation Allowance | $2,284 | $6,155 |
| Recorded Investment, With a Valuation Allowance | 3,467 | 6,155 |
| Unpaid Principal Balance, Without a Valuation Allowance | 2,284 | 6,155 |
| Unpaid Principal Balance, With a Valuation Allowance | 3,467 | 6,155 |
| Related Allowance | 181 | ' |
| Residential Real Estate | ' | ' |
| Financing Receivable, Impaired | ' | ' |
| Recorded Investment, Without a Valuation Allowance | 413 | 425 |
| Unpaid Principal Balance, Without a Valuation Allowance | 413 | 425 |
| Commercial Real Estate | ' | ' |
| Financing Receivable, Impaired | ' | ' |
| Recorded Investment, Without a Valuation Allowance | 1,810 | 5,269 |
| Recorded Investment, With a Valuation Allowance | 791 | ' |
| Unpaid Principal Balance, Without a Valuation Allowance | 1,810 | 5,269 |
| Unpaid Principal Balance, With a Valuation Allowance | 791 | ' |
| Related Allowance | 86 | ' |
| Home equity lines of credit | ' | ' |
| Financing Receivable, Impaired | ' | ' |
| Recorded Investment, Without a Valuation Allowance | 34 | 427 |
| Unpaid Principal Balance, Without a Valuation Allowance | 34 | 427 |
| Home Equity Lines Of Credit | ' | ' |
| Financing Receivable, Impaired | ' | ' |
| Recorded Investment, With a Valuation Allowance | 392 | ' |
| Unpaid Principal Balance, With a Valuation Allowance | 392 | ' |
| Related Allowance | 95 | ' |
| Commercial | ' | ' |
| Financing Receivable, Impaired | ' | ' |
| Recorded Investment, Without a Valuation Allowance | 27 | 34 |
| Unpaid Principal Balance, Without a Valuation Allowance | $27 | $34 |
Additional_Information_Pertain1
| Additional Information Pertaining to Impaired Loans (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
| In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
| Financing Receivable, Impaired | ' | ' | ' | ' |
| Average Recorded Investment | $4,798 | $7,270 | $5,375 | $7,205 |
| Interest Income Recognized | 46 | 93 | 94 | 220 |
| Interest Income Recognized on Cash Basis | 36 | 66 | 68 | 166 |
| Residential Real Estate | ' | ' | ' | ' |
| Financing Receivable, Impaired | ' | ' | ' | ' |
| Average Recorded Investment | 419 | 623 | 421 | 612 |
| Interest Income Recognized | 4 | 4 | 8 | 11 |
| Interest Income Recognized on Cash Basis | 10 | 4 | 13 | 11 |
| Commercial Real Estate | ' | ' | ' | ' |
| Financing Receivable, Impaired | ' | ' | ' | ' |
| Average Recorded Investment | 3,924 | 6,228 | 4,498 | 6,156 |
| Interest Income Recognized | 38 | 85 | 77 | 202 |
| Interest Income Recognized on Cash Basis | 26 | 58 | 54 | 148 |
| Home equity lines of credit | ' | ' | ' | ' |
| Financing Receivable, Impaired | ' | ' | ' | ' |
| Average Recorded Investment | 427 | 34 | 427 | 74 |
| Interest Income Recognized | 4 | ' | 8 | ' |
| Other Consumer | ' | ' | ' | ' |
| Financing Receivable, Impaired | ' | ' | ' | ' |
| Interest Income Recognized | ' | ' | ' | 1 |
| Interest Income Recognized on Cash Basis | ' | ' | ' | 1 |
| Commercial | ' | ' | ' | ' |
| Financing Receivable, Impaired | ' | ' | ' | ' |
| Average Recorded Investment | 28 | 385 | 29 | 363 |
| Interest Income Recognized | ' | 4 | 1 | 6 |
| Interest Income Recognized on Cash Basis | ' | $4 | $1 | $6 |
Loans_and_Allowances_for_Loan_
| Loans and Allowances for Loan Losses - Additional Information (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 |
| Commercial | Commercial | Category 10 | Loan Rated 8 | ||||
| Maximum | Commercial | ||||||
| Maximum | |||||||
| Accounts, Notes, Loans and Financing Receivable | ' | ' | ' | ' | ' | ' | ' |
| Troubled debt restructurings | $0 | ' | $0 | ' | ' | ' | ' |
| Loans | $421,482,000 | $388,126,000 | ' | $15,637,000 | $16,430,000 | ' | $25,000 |
| 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 $) | Jun. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | $190,258 | $178,900 |
| Loans rated 1 - 3 and 31 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 180,802 | 166,669 |
| Loans rated 4 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 6,856 | 9,586 |
| Loans rated 5 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 1,809 | 2,645 |
| Loans rated 6 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 791 | ' |
| Commercial Real Estate | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 85,825 | 82,367 |
| Commercial Real Estate | Loans rated 1 - 3 and 31 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 76,864 | 71,547 |
| Commercial Real Estate | Loans rated 4 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 6,586 | 8,418 |
| Commercial Real Estate | Loans rated 5 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 1,584 | 2,402 |
| Commercial Real Estate | Loans rated 6 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 791 | ' |
| Construction | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 88,796 | 80,103 |
| Construction | Loans rated 1 - 3 and 31 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 88,796 | 80,103 |
| Commercial | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 15,637 | 16,430 |
| Commercial | Loans rated 1 - 3 and 31 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 15,142 | 15,019 |
| Commercial | Loans rated 4 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | 270 | 1,168 |
| Commercial | Loans rated 5 | ' | ' |
| Financing Receivable, Recorded Investment | ' | ' |
| Loans | $225 | $243 |
Recovered_Sheet2
| Fair Values of Financial Instruments - Additional Information (Detail) (USD $) | Jun. 30, 2014 |
| In Thousands, unless otherwise specified | |
| Fair Value of Financial Instruments [Line Items] | ' |
| Liabilities measured at fair value on a recurring basis | $0 |
Assets_and_Liabilities_Measure
| Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Assets measured at fair value | $39,852 | $36,672 |
| Forward loan sale commitments | 4 | 36 |
| Derivative loan commitments | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Derivative loan commitments | ' | 12 |
| Level 2 | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Assets measured at fair value | 39,852 | 36,672 |
| Forward loan sale commitments | 4 | 36 |
| Level 2 | Derivative loan commitments | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Derivative loan commitments | ' | 12 |
| Fair Value, Measurements, Recurring | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Assets measured at fair value | 39,856 | 36,708 |
| Fair Value, Measurements, Recurring | Securities available for sale | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Assets measured at fair value | 39,852 | 36,672 |
| 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 | 4 | 36 |
| Fair Value, Measurements, Recurring | Derivative loan commitments | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Derivative loan commitments | ' | 12 |
| Fair Value, Measurements, Recurring | Level 2 | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Assets measured at fair value | 39,856 | 36,708 |
| Fair Value, Measurements, Recurring | Level 2 | Securities available for sale | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Assets measured at fair value | 39,852 | 36,672 |
| Fair Value, Measurements, Recurring | Level 2 | Forward loan sale commitments | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Forward loan sale commitments | 4 | 36 |
| Fair Value, Measurements, Recurring | Level 2 | Derivative loan commitments | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Derivative loan commitments | ' | $12 |
Fair_Value_Hierarchy_Used_to_D
| Fair Value Hierarchy Used to Determine Each Adjustment and Carrying Value of Related Individual Assets (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Loans held for sale | $1,598 | $825 |
| Fair Value, Measurements, Nonrecurring | Level 3 | ' | ' |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
| Loans held for sale | 1,598 | 825 |
| Impaired loans | 1,183 | ' |
| Assets, Fair Value Disclosure, Nonrecurring, Total | $2,781 | $825 |
Total_Losses_Gains_on_Loans_He
| Total Losses Gains on Loans Held for Sale and Impaired Loans (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
| In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
| Fair Value, Assets and Liabilities Measured on Non Recurring Basis | ' | ' | ' | ' |
| Total Gains (Losses) | ($108) | ($125) | ($180) | ($160) |
| Loans Held-for-Sale | ' | ' | ' | ' |
| Fair Value, Assets and Liabilities Measured on Non Recurring Basis | ' | ' | ' | ' |
| Total Gains (Losses) | -4 | -125 | 1 | -160 |
| Impaired Loans | ' | ' | ' | ' |
| Fair Value, Assets and Liabilities Measured on Non Recurring Basis | ' | ' | ' | ' |
| Total Gains (Losses) | ($104) | ' | ($181) | ' |
Estimated_Fair_Values_and_Rela
| Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments (Detail) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
| In Thousands, unless otherwise specified | ||
| Financial assets: | ' | ' |
| Cash and cash equivalents | $17,579 | $19,067 |
| Certificates of deposit | 100 | 100 |
| Securities available for sale | 39,852 | 36,672 |
| FHLB stock | 3,300 | 3,176 |
| Loans held for sale | 1,598 | 825 |
| Loans, net | 417,564 | 383,420 |
| Accrued interest receivable | 1,133 | 1,044 |
| Forward loan sale commitments | 4 | 36 |
| Financial liabilities: | ' | ' |
| Deposits | 387,586 | 356,850 |
| Short-term borrowings | 4,000 | 9,000 |
| Long-term debt | 53,616 | 43,493 |
| Accrued interest payable | 5 | 7 |
| Derivative loan commitments | ' | ' |
| Financial liabilities: | ' | ' |
| Derivative loan commitments | ' | 12 |
| Level 1 | ' | ' |
| Financial assets: | ' | ' |
| Cash and cash equivalents | 17,579 | 19,067 |
| Certificates of deposit | 100 | 100 |
| Level 2 | ' | ' |
| Financial assets: | ' | ' |
| Securities available for sale | 39,852 | 36,672 |
| Loans held for sale | 1,598 | 825 |
| Forward loan sale commitments | 4 | 36 |
| Financial liabilities: | ' | ' |
| Short-term borrowings | 4,000 | 9,000 |
| Long-term debt | 53,616 | 43,493 |
| Level 2 | Derivative loan commitments | ' | ' |
| Financial liabilities: | ' | ' |
| Derivative loan commitments | ' | 12 |
| Level 3 | ' | ' |
| Financial assets: | ' | ' |
| FHLB stock | 3,300 | 3,176 |
| Loans, net | 417,564 | 383,420 |
| Accrued interest receivable | 1,133 | 1,044 |
| Financial liabilities: | ' | ' |
| Deposits | 387,586 | 356,850 |
| Accrued interest payable | 5 | 7 |
| Carrying Amount | ' | ' |
| Financial assets: | ' | ' |
| Cash and cash equivalents | 17,579 | 19,067 |
| Certificates of deposit | 100 | 100 |
| Securities available for sale | 39,852 | 36,672 |
| FHLB stock | 3,300 | 3,176 |
| Loans held for sale | 1,598 | 825 |
| Loans, net | 416,725 | 383,718 |
| Accrued interest receivable | 1,133 | 1,044 |
| Forward loan sale commitments | 4 | 36 |
| Financial liabilities: | ' | ' |
| Deposits | 386,986 | 357,518 |
| Short-term borrowings | 4,000 | 9,000 |
| Long-term debt | 53,500 | 43,500 |
| Accrued interest payable | 5 | 7 |
| Carrying Amount | Derivative loan commitments | ' | ' |
| Financial liabilities: | ' | ' |
| Derivative loan commitments | ' | $12 |
Recovered_Sheet3
| Employee Stock Ownership Plan - Additional Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | |
| Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | |
| Employee Stock Ownership Plan (ESOP) Disclosures | ' | ' | ' |
| Employee Stock Ownership Plan , Shares in ESOP | 191,674 | 191,674 | ' |
| Employee Stock Ownership Plan, Shares in ESOP percentage of common stock outstanding | ' | 7.81% | ' |
| 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 | ' |
| ESOP expense | $60,000 | $120,000 | $103,000 |
Shares_held_by_ESOP_Detail
| Shares held by ESOP (Detail) | Jun. 30, 2014 |
| Employee Stock Ownership Plan (ESOP) Disclosures | ' |
| Allocated | 24,778 |
| Committed to be allocated | 6,419 |
| Unallocated | 160,477 |
| Employee Stock Ownership Plan , Shares in ESOP | 191,674 |
Equity_Incentive_Plan_Addition
| Equity Incentive Plan - Additional Information (Detail) (USD $) | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | |
| In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 |
| Restricted Stock Awards | Stock Awards | Stock Awards | Non Vested Restricted Stock | |||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' |
| Equity Incentive Plan, shares approved for issuance | 240,751 | 240,751 | 96,286 | ' | ' | ' |
| Stock options term | ' | '10 years | ' | ' | ' | ' |
| Equity awards, vesting period | ' | '5 years | '5 years | ' | ' | ' |
| Rate for Vesting Period | ' | 20.00% | ' | ' | ' | ' |
| Share base compensation expenses applicable to stock option plan | $51 | $102 | ' | ' | ' | ' |
| Recognize tax Benefit | 9 | 19 | ' | 27 | 55 | ' |
| Unrecognized compensation expense for non-vested stock options | 670 | 670 | ' | ' | ' | ' |
| Unrecognized compensation expense, recognition period | '3 years 3 months 18 days | ' | ' | ' | ' | '3 years 3 months 11 days |
| Compensation expense for stock award plan | ' | ' | ' | 68 | 137 | ' |
| Unrecognized compensation expense for non-vested restricted stock options | ' | ' | ' | ' | ' | $973 |
Summary_of_Option_Activity_Det
| Summary of Option Activity (Detail) (USD $) | 3 Months Ended | 6 Months Ended |
| In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2014 | Jun. 30, 2014 |
| Options | ' | ' |
| Outstanding at beginning of period | 212 | 212 |
| Granted | ' | ' |
| Exercised | ' | -1 |
| Forfeited | ' | -2 |
| Outstanding at end of period | ' | 209 |
| Options exercisable at end of period | ' | 37 |
| Weighted Average Exercise Price | ' | ' |
| Outstanding at beginning of period | $15.45 | $15.45 |
| Granted | ' | ' |
| Exercised | ' | $15.35 |
| Forfeited | ' | $15.35 |
| Outstanding at end of period | ' | $15.45 |
| Options exercisable at end of period | ' | $15.35 |
| Weighted Average Remaining Contractual term | ' | ' |
| Outstanding at beginning of period | '8 years 9 months 18 days | '8 years 3 months 18 days |
| Options exercisable at end of period | ' | '8 years 3 months |
| Aggregate intrinsic value | ' | ' |
| Outstanding at end of period | ' | $738 |
| Options exercisable at end of period | ' | $134 |
NonVested_Stock_Activity_Detai
| Non-Vested Stock Activity (Detail) (Restricted Stock Award, USD $) | 6 Months Ended |
| In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 |
| Restricted Stock Award | ' |
| Number of Shares | ' |
| Non-vested stock awards at beginning of year | 72 |
| Restricted shares granted | ' |
| Shares vested | ' |
| Forfeited | -2 |
| Non-vested stock awards at end of year | 70 |
| Grant-date Fair Value | ' |
| Non-vested stock awards at beginning of year | $15.43 |
| Restricted shares granted | ' |
| Shares vested | ' |
| Forfeited | $15.35 |
| Non-vested stock awards at end of year | $15.43 |
Computation_of_Earnings_per_Co
| Computation of Earnings per Common Share (Detail) (USD $) | 3 Months Ended | 6 Months Ended | ||
| In Thousands, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
| Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items] | ' | ' | ' | ' |
| Net income applicable to common stock | $431 | $583 | $825 | $1,178 |
| Average number of common shares issued | 2,452,570 | 2,460,780 | 2,453,554 | 2,466,224 |
| Less: Average unallocated ESOP shares | -162,000 | -175,000 | -164,000 | -176,000 |
| Average number of common shares outstanding used to calculate basic earnings per common share | 2,290,488 | 2,285,860 | 2,290,167 | 2,289,699 |
| Effect of dilutive stock options | 4,027 | ' | 2,597 | ' |
| Average number of common shares outstanding used to calculate diluted earnings per share | 2,294,515 | 2,285,860 | 2,292,764 | 2,289,699 |
| Earnings per common share: | ' | ' | ' | ' |
| Basic | $0.19 | $0.26 | $0.36 | $0.52 |
| Diluted | $0.19 | $0.26 | $0.36 | $0.52 |
Stock_Repurchase_Plan_Addition
| Stock Repurchase Plan - Additional Information (Detail) | 6 Months Ended |
| Jun. 30, 2014 | |
| Repurchase Agreement Counterparty [Line Items] | ' |
| Shares authorized for repurchase, percentage of outstanding common stock | 4.00% |
| Shares repurchased and retired | 40,535 |
| Maximum | ' |
| Repurchase Agreement Counterparty [Line Items] | ' |
| Shares authorized for repurchase | 96,286 |
Dividends_Declared_Additional_
| Dividends Declared - Additional Information (Detail) (USD $) | 0 Months Ended | |
| Jun. 04, 2014 | Jun. 04, 2014 | |
| Dividends Payable [Line Items] | ' | ' |
| Cash dividend declared | ' | $0.03 |
| Dividend payable date | 18-Jun-14 | ' |