Wellesley Bancorp 10-Q 7 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document Information	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'WEBK	'
Entity Registrant Name	'WELLESLEY BANCORP, INC.	'
Entity Central Index Key	'0001526952	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	2,454,438

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'
Cash and due from banks	$2,721	$2,685
Short-term investments	8,773	16,382
Total cash and cash equivalents	11,494	19,067
Certificates of deposit	100	100
Securities available for sale, at fair value	42,233	36,672
Federal Home Loan Bank of Boston stock, at cost	3,660	3,176
Loans held for sale	944	825
Loans	436,860	387,931
Less allowance for loan losses	-4,682	-4,213
Loans, net	432,178	383,718
Bank-owned life insurance	6,782	6,607
Premises and equipment, net	3,631	3,805
Accrued interest receivable	1,150	1,044
Net deferred tax asset	2,252	1,997
Other assets	1,213	1,509
Total assets	505,637	458,520
Deposits:	'	'
Noninterest-bearing	50,042	44,864
Interest-bearing	339,364	312,654
Deposits, Total	389,406	357,518
Short-term borrowings	2,000	9,000
Long-term debt	63,500	43,500
Accrued expenses and other liabilities	2,045	1,713
Total liabilities	456,951	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, 2,447,802 shares issued and outstanding at September 30, 2014; 2,454,465 shares issued and outstanding at December 31, 2013	24	24
Additional paid-in capital	23,286	22,845
Retained earnings	26,641	25,423
Accumulated other comprehensive income	308	166
Unearned compensation - ESOP	-1,573	-1,669
Total stockholders' equity	48,686	46,789
Total liabilities and stockholders' equity	$505,637	$458,520

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 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	0	0
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	14,000,000	14,000,000
Common stock, shares issued	2,447,802	2,454,465
Common stock, shares outstanding	2,447,802	2,454,465

CONSOLIDATED_STATEMENTS_OF_NET

CONSOLIDATED STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Interest and dividend income:	'	'	'	'
Interest and fees on loans and loans held for sale	$4,724	$4,085	$13,696	$11,600
Debt securities:	'	'	'	'
Taxable	201	126	532	403
Tax-exempt	49	38	139	138
Interest on short-term investments and certificates of deposit	8	7	24	25
Dividends on FHLB stock	12	2	35	6
Total interest and dividend income	4,994	4,258	14,426	12,172
Interest expense:	'	'	'	'
Deposits	703	569	2,066	1,647
Short-term borrowings	2	4	8	4
Long-term debt	173	124	451	380
Total interest expense	878	697	2,525	2,031
Net interest income	4,116	3,561	11,901	10,141
Provision for loan losses	180	150	580	350
Net interest income, after provision for loan losses	3,936	3,411	11,321	9,791
Noninterest income:	'	'	'	'
Customer service fees	31	46	102	126
Mortgage banking activities	32	10	71	86
Gain on sale of securities, net	'	'	16	103
Income on bank-owned life insurance	58	59	175	161
Wealth management fees	117	101	353	282
Loss on extinguishment of debt	'	'	'	-93
Miscellaneous	6	9	13	32
Total noninterest income	244	225	730	697
Noninterest expense:	'	'	'	'
Salaries and employee benefits	2,017	1,553	5,881	4,505
Occupancy and equipment	530	354	1,513	1,050
Data processing	155	125	456	367
FDIC insurance	73	68	208	201
Professional fees	138	68	566	332
Other general and administrative	412	468	1,210	1,092
Total noninterest expense	3,325	2,636	9,834	7,547
Income before income taxes	855	1,000	2,217	2,941
Provision for income taxes	339	393	876	1,155
Net income	516	607	1,341	1,786
Other comprehensive income (loss):	'	'	'	'
Unrealized holding (losses) gains on available-for-sale securities	-83	-94	249	-809
Reclassification adjustment for net securities gains realized in income	'	'	-16	-103
Tax benefit (expense)	33	34	-91	357
Total other comprehensive (loss) income	-50	-60	142	-555
Comprehensive income	$466	$547	$1,483	$1,231
Earnings per common share:	'	'	'	'
Basic	$0.23	$0.27	$0.59	$0.78
Diluted	$0.22	$0.27	$0.58	$0.78
Weighted average shares outstanding:	'	'	'	'
Basic	2,291,824	2,288,752	2,290,510	2,290,402
Diluted	2,301,067	2,288,752	2,295,322	2,290,402

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Unearned Compensation ESOP
In Thousands, except Share data
Beginning Balance at Dec. 31, 2012	$44,971	$24	$22,751	$23,203	$790	($1,797)
Beginning Balance (in shares) at Dec. 31, 2012	'	2,480,610	'	'	'	'
Net income	1,786	'	'	1,786	'	'
Other comprehensive income (loss)	-555	'	'	'	-555	'
Purchase and retirement of treasury shares (shares)	'	-20,530	'	'	'	'
Purchase and retirement of treasury shares	-321	'	-321	'	'	'
Share-based compensation- equity incentive plan	342	'	342	'	'	'
ESOP shares committed to be allocated	159	'	63	'	'	96
Ending Balance at Sep. 30, 2013	46,382	24	22,835	24,989	235	-1,701
Ending Balance (in shares) at Sep. 30, 2013	'	2,460,080	'	'	'	'
Beginning Balance at Dec. 31, 2013	46,789	24	22,845	25,423	166	-1,669
Beginning Balance (in shares) at Dec. 31, 2013	'	22,454,465	'	'	'	'
Net income	1,341	'	'	1,341	'	'
Other comprehensive income (loss)	142	'	'	'	142	'
Dividends paid to common stockholders ($0.05 per share)	-123	'	'	-123	'	'
Share-based compensation- equity incentive plan	351	'	351	'	'	'
Issuance of stock under stock option plan (in shares)	1,000	400	'	'	'	'
Issuance of stock under stock option plan	6	'	6	'	'	'
Restricted stock forfeitures	'	-7,063	'	'	'	'
ESOP shares committed to be allocated	180	'	84	'	'	96
Ending Balance at Sep. 30, 2014	$48,686	$24	$23,286	$26,641	$308	($1,573)
Ending Balance (in shares) at Sep. 30, 2014	'	2,447,802	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CHA1

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Dividends per share	$0.05	'
ESOP shares committed to be allocated, Shares	-9,629	-9,629

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net income	$1,341	$1,786
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Provision for loan losses	580	350
Depreciation and amortization	443	234
Net amortization of securities	108	187
Gain on sale of securities, net	-16	-103
Principal amount of loans sold	13,323	28,505
Loans originated for sale	-13,513	-19,468
Accretion of net deferred loan fees	-335	-391
Income on bank-owned life insurance	-175	-161
Deferred income tax benefit	-346	-91
ESOP expense	180	159
Share-based compensation	351	342
Net change in other assets and liabilities	541	585
Net cash provided by operating activities	2,482	11,934
Cash flows from investing activities:	'	'
Maturities of certificates of deposit	'	500
Activity in securities available for sale:	'	'
Maturities, prepayments and calls	8,118	6,662
Purchases	-14,441	-5,063
Sales	903	1,429
Purchase of Federal Home Loan Bank stock	-484	-794
Loan originations, net of principal payments	-48,634	-62,004
Additions to premises and equipment	-288	-1,131
Net cash used by investing activities	-54,826	-60,401
Cash flows from financing activities:	'	'
Net increase in deposits	31,888	29,389
Proceeds from issuance of long-term debt	26,000	22,500
Repayments of long-term debt	-6,000	-13,500
(Decrease) increase in short-term borrowings	-7,000	5,000
Issuance of stock under stock option plan	6	'
Purchase and retirement of treasury stock	'	-321
Cash dividends paid on common stock	-123	'
Net cash provided by financing activities	44,771	43,068
Net change in cash and cash equivalents	-7,573	-5,399
Cash and cash equivalents at beginning period	19,067	18,218
Cash and cash equivalents at end of period	11,494	12,819
Supplementary information:	'	'
Interest paid	2,516	2,025
Income taxes paid	$853	$1,852

BASIS_OF_PRESENTATION_AND_CONS

BASIS OF PRESENTATION AND CONSOLIDATION	9 Months Ended
	Sep. 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 nine months ended September 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	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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:
		September 30,			December 31,
		2014			2013
		(In thousands)
	Unrealized holding gains on securities available for sale	$	504		$	271
	Tax effect		(196	)		(105	)
	Net-of tax amount	$	308		$	166

RECENT_ACCOUNTING_AND_REGULATO

RECENT ACCOUNTING AND REGULATORY PRONOUNCEMENTS	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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-Sep-14
		Amortized			Gross		Gross			Fair
		Cost			Unrealized		Unrealized			Value
					Gains		Losses
		(In thousands)
	Residential mortgage-backed securities:
	Government National Mortgage Association	$	6,137		$	163	$	(11	)	$	6,289
	Government-sponsored enterprises		9,674			178		(64	)		9,788
	SBA and other asset-backed securities		9,800			89		(58	)		9,831
	State and municipal bonds		5,708			186		(6	)		5,888
	Government-sponsored enterprise obligations		4,000			6		(27	)		3,979
	Corporate bonds		6,410			57		(9	)		6,458
		$	41,729		$	679	$	(175	)	$	42,233
		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 September 30, 2014 are listed below.  Expected maturities may differ from contractual maturities because the issuer, in certain instances, has the right to call or prepay obligations with or without call or prepayment penalties.
		30-Sep-14
		Amortized			Fair
		Cost			Value
		(In thousands)
	Within 1 year	$	1,000		$	1,001
	After 1 year to 5 years		5,497			5,564
	After 5 years to 10 years		5,975			6,051
	After 10 years		3,646			3,709
			16,118			16,325
	Mortgage- and asset-backed securities		25,611			25,908
		$	41,729		$	42,233
	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-Sep-14
	Residential mortgage-backed securities:
	Government National Mortgage Association	$	(1	)	$	870	$	(10	)	$	527
	Government-sponsored enterprises		(10	)		1,937		(54	)		811
	SBA and other asset-backed securities		(6	)		2,008		(52	)		1,286
	State and municipal bonds		(1	)		102		(5	)		546
	Government-sponsored enterprise obligations		(20	)		1,981		(7	)		993
	Corporate bonds		(9	)		986		--			--
		$	(47	)	$	7,884	$	(128	)	$	4,163
	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
There were no sales of available for sale securities in the three month period ending September 30, 2014 or September 30, 2013.
Proceeds from sales of available for sale securities amounted to $903 thousand and $1.4 million with gross realized gains of $16 thousand and $103 thousand for the nine months ended September 30, 2014 and 2013 respectively.  There were no realized losses for 2014 and 2013 during that same nine month period.

LOANS_AND_ALLOWANCE_FOR_LOAN_L

LOANS AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 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:
		September 30,			December 31,
		2014			2013
		(In thousands)
	Real estate loans:
	Residential – fixed	$	20,750		$	21,101
	Residential – variable		204,531			160,618
	Commercial		82,350			82,367
	Construction		83,303			80,103
			390,934			344,189
	Commercial loans:
	Secured		18,996			14,977
	Unsecured		72			1,453
			19,068			16,430
	Consumer loans:
	Home equity lines of credit		26,683			27,092
	Other		332			415
			27,015			27,507
	Total loans		437,017			388,126
	Less:
	Allowance for loan losses		(4,682	)		(4,213	)
	Net deferred origination fees		(157	)		(195	)
	Loans, net	$	432,178		$	383,718
	The following table summarizes the changes in the allowance for loan losses by portfolio segment for the three and nine months ended September 30, 2014 and 2013:
		Residential			Commercial			Construction			Commercial			Home			Other			Unallocated			Total
		Real Estate			Real Estate									Equity			Consumer
		(In thousands)
	Three Months Ended September 30, 2014
	Allowance at June 30, 2014	$	1,495		$	1,001		$	1,443		$	351		$	306		$	4		$	13		$	4,613
	Provision (credit) for loan losses		147			(63	)		(39	)		80			13			--			42			180
	Loans charged off		--			--			--			(2	)		(109	)		--			--			(111	)
	Allowance at September 30, 2014	$	1,642		$	938		$	1,404		$	429		$	210		$	4		$	55		$	4,682
	Three Months Ended September 30, 2013
	Allowance at June 30, 2013	$	1,393		$	930		$	987		$	447		$	167		$	7		$	77		$	4,008
	Provision (credit) for loan losses		(65	)		(52	)		186			(53	)		155			1			(22	)		150
	Allowance at September 30, 2013	$	1,328		$	878		$	1,173		$	394		$	322		$	8		$	55		$	4,158
	Nine Months Ended September 30, 2014
	Allowance at December 31, 2013	$	1,351		$	887		$	1,305		$	426		$	213		$	7		$	24		$	4,213
	Provision (credit) for loan losses		291			51			99			5			106			(3	)		31			580
	Loans charged off		--			--			--			(2	)		(109	)		--			--			(111	)
	Allowance at September 30, 2014	$	1,642		$	938		$	1,404		$	429		$	210		$	4		$	55		$	4,682
	Nine Months Ended September 30, 2013
	Allowance at December 31, 2012	$	1,157		$	1,041		$	918		$	456		$	171		$	11		$	90		$	3,844
	Provision (credit) for loan losses		171			(163	)		255			(26	)		151			(3	)		(35	)		350
	Loans charged off		--			---			---			(36	)		--			--			--			(36	)
	Allowance at September 30, 2013	$	1,328		$	878		$	1,173		$	394		$	322		$	8		$	55		$	4,158
	Additional information pertaining to the allowance for loan losses at September 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-Sep-14
	Allowance related to loans	$	--		$	70		$	--		$	--		$	--		$	--		$	--		$	70
	individually evaluated and
	deemed to be impaired
	Allowance related to loans		1,642			868			1,404			429			210			4			55			4,612
	individually evaluated and
	not deemed impaired, and
	those collectively evaluated
	for impairment
	Total allowance	$	1,642		$	938		$	1,404		$	429		$	210		$	4		$	55		$	4,682
	Impaired loan balances	$	1,411		$	3,405		$	--		$	26		$	430		$	--		$	--		$	5,272
	individually evaluated and
deemed to be impaired
Loan balances individually		223,870			78,945			83,303			19,042			26,253			332			--			431,745
evaluated and not deemed
impaired, and those collectively
evaluated for impairment
Total loans	$	225,281		$	82,350		$	83,303		$	19,068		$	26,683		$	332		$	--		$	437,017
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 September 30, 2014 and December 31, 2013:
	30-59 Days			60-89 Days			Past Due 90			Total			Past Due 90			Non-accrual
	Past Due			Past Due			Days or More			Past Due			Days or More			Loans
													and
													Still Accruing
	(In thousands)
30-Sep-14
Residential real estate	$	261		$	822		$	--		$	1,083		$	--		$	1,411
Commercial real estate		--			--			774			774			--			3,405
Commercial		26			844			--			870			--			26
Home equity lines of credit		--			112			283			395			--			430
Total	$	287		$	1,778		$	1,057		$	3,122		$	191		$	5,272
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 September 30, 2014 and December 31, 2013:
	30-Sep-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	$	1,411		$	1,411		$	--		$	425		$	425		$	--
Commercial real estate		2,631			2,631			--			5,269			5,269			--
Commercial		26			26			--			34			34			--
Home equity lines of credit		430			430			--			427			427			--
Total		4,498			4,498			--			6,155			6,155			--
Impaired loans with a valuation allowance:
Commercial real estate		774			774			70			--			--			--
Total impaired loans	$	5,272		$	5,272		$	70		$	6,155		$	6,155		$	--
Additional information pertaining to impaired loans follows:
	Three Months Ended September 30, 2014									Nine Months Ended September 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	$	410		$	4		$	4		$	421		$	8		$	13
Commercial real estate		2,581			38			27			4,498			77			54
Commercial		26			--			--			29			1			1
Home equity lines of credit		427			4			--			427			8			--
Total	$	3,444		$	46		$	31		$	5,375		$	94		$	68
	Three Months Ended September 30, 2013									Nine Months Ended September 30, 2013
	Average			Interest			Interest			Average			Interest			Interest
	Recorded			Income			Income			Recorded			Income			Income
	Investment			Recognized			Recognized			Investment			Recognized			Recognized
							on Cash Basis									on Cash Basis
	(In thousands)
Residential real estate	$	524		$	4		$	11		$	576		$	16		$	22
Commercial real estate		5,532			73			80			5,909			248			282
Commercial		385			4			6			257			13			12
Home equity lines of credit		156			2			--			111			2			1
Total	$	6,597		$	83		$	97		$	6,853		$	289		$	317
No additional funds are committed to be advanced in connection with impaired loans.
There were no troubled debt restructurings recorded during the three and nine months ended September 30, 2014 and 2013.
There were no troubled debt restructurings that defaulted during the three and nine months ended September 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. During the nine months ended September 30, 2014, The Company revised its internal loan rating system from the previously employed system. Key changes included in the revised system were to eliminate the use of the “31” rating and to replace it with a “4” rating.  Subsequent ratings in the scale were nominally raised one grade with no substantive change in their credit quality.
Loans rated 1-4:  Loans in these categories are considered “pass” rated loans with low to average risk.
Loans rated 5:  Loans in this category are considered “special mention.”  These loans are starting to show signs of potential weakness and are being closely monitored by management.
Loans rated 6:  Loans in this category are considered “substandard.”  Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged.  There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected.
Loans rated 7:  Loans in this category are considered “doubtful.”  Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable.
Loans rated 8:  Loans in this category are considered uncollectible (“loss”) and of such little value that their continuance as loans is not warranted.
Category 9:  Loans in this category only include commercial loans under $25 thousand with no other outstandings or relationships with the Company.
Category 10:  Loans in this category include loans which otherwise require rating but which have not been rated, or loans for which the Company’s loan policy does not require rating.
Category 11:  Loans in this category include credit commitments/relationships that cannot be rated due to a lack of financial information or inaccurate financial information.  If, within 60 days of the assignment of a 11 rating, information is still not available to allow a standard rating, the credit will be rated 6.
On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial real estate, construction and commercial loans.  During each calendar year, the Company engages an independent third party to review a significant portion of loans within these segments.  Management uses the results of these reviews as part of its annual review process.  On a monthly basis, the Company reviews the residential real estate and consumer loan portfolio for credit quality primarily through the use of delinquency reports.
The following table presents the Company’s loans by risk rating:
	30-Sep-14												31-Dec-13
	Commercial			Construction			Commercial			Total			Commercial			Construction			Commercial			Total
	Real Estate												Real Estate
	(In thousands)
Loans rated 1-4	$	74,244		$	83,303		$	17,806		$	175,353		$	71,547		$	80,103		$	15,019		$	166,669
Loans rated 5		5,761			--			1,046			6,807			8,418			--			1,168			9,586
Loans rated 6		1,571			--			216			1,787			2,402			--			243			2,645
Loans rated 7		774			--			--			774			--			--			--			--
Total	$	82,350		$	83,303		$	19,068		$	184,721		$	82,367		$	80,103		$	16,430		$	178,900

FAIR_VALUES_OF_FINANCIAL_INSTR

FAIR VALUES OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 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 and liabilities 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 September 30, 2014 and December 31, 2013 are summarized below.
		30-Sep-14
											Total
		Level 1			Level 2			Level 3			Fair Value
		(In thousands)
	Assets
	Securities available for sale	$	--		$	42,233		$	--		$	42,233
	Forward loan sale commitments		--			13			--			13
	Total assets	$	--		$	42,246		$	--		$	42,246
	Liabilities
	Derivative loan commitments	$	--		$	2		$	--		$	2
		31-Dec-13
											Total
		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 September 30, 2014 and December 31, 2013.
		30-Sep-14									31-Dec-13
		Level 1			Level 2			Level 3			Level 1			Level 2		Level 3
		(In thousands)
	Loans held for sale	$	--		$	--		$	944		$	--		$	--	$	825
	Impaired loans		--			--			704			--			--		--
		$	--		$	--		$	1,648		$	--		$	--	$	825
	The following table presents the total  gains (losses)  on loans held for sale and impaired loans for the three and nine month periods ended September 30, 2014 and 2013.
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
		(In thousands)
	Loans held for sale	$	(7	)	$	--		$	(7	)	$	--
	Impaired loans		111			(95	)		(70	)		(1	)
		$	104		$	(95	)	$	(77	)	$	(1	)
	Loans held for sale (LHFS) are evaluated for losses associated with the application of LOCOM accounting.  At September 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 September 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-Sep-14
Financial assets:
Cash and cash equivalents	$	11,494		$	11,494		$	--		$	--		$	11,494
Certificates of deposit		100			100			--			--			100
Securities available for sale		42,233			--			42,233			--			42,233
FHLB stock		3,660			--			--			3,660			3,660
Loans held for sale		944			--			944			--			944
Loans, net		432,178			--			--			432,886			432,886
Accrued interest receivable		1,150			--			--			1,150			1,150
Forward loan sale commitments		13			--			13			--			13
Financial liabilities:
Deposits	$	389,406		$	--		$	--		$	389,986		$	389,986
Short-term borrowings		2,000			--			2,000			--			2,000
Long-term debt		63,500			--			63,390			--			63,390
Accrued interest payable		5			--			--			5			5
Derivative loan commitments		2			--			2			--			2
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	9 Months Ended
	Sep. 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 September 30, 2014, the ESOP held 191,674 shares, or 7.83% of the common stock outstanding on that date.  The loan obtained by the ESOP from the Company to purchase common stock is payable annually over 15 years at a fixed 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-Sep-14
	Allocated		24,778
	Committed to be allocated		9,629
	Unallocated		157,267
			191,674
	The fair value of unallocated shares was approximately $3.0 million at September 30, 2014.
	For the three months ended September 30, 2014 and 2013,  compensation expense recognized in connection with the ESOP was $61 thousand and $57 thousand, respectively.
	For the nine months ended September 30, 2014 and 2013, compensation expense recognized in connection with the ESOP was $180 thousand and $159 thousand, respectively.

EQUITY_INCENTIVE_PLAN

EQUITY INCENTIVE PLAN	9 Months Ended
	Sep. 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 nine months ended September 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)
			213		$	15.45		8.8
	Outstanding at beginning of period
	Granted					--		--
	Exercised		(1	)		15.35		--
	Forfeited		(13	)		15.35		--
	Outstanding at end of period		199		$	15.47		8.05	$	705
	Options exercisable at end of period		27		$	15.35		8	$	98
	For each of the three month periods ended September 30, 2014 and 2013, share based compensation expense applicable to the stock options was $48 thousand. The recognized tax benefit related to this expense was $10 thousand for both periods.
	For the nine months ended September 30, 2014 and 2013, share based compensation expense applicable to the stock options was $149 thousand and $143 thousand, respectively. The recognized tax benefit related to this expense was $31 thousand and $29 thousand, respectively.
	Unrecognized compensation expense for non-vested stock options totaled $575 thousand as of September 30, 2014, which will be recognized over the remaining vesting period of 3.8 years.
	Stock Awards
	The following table presents the activity in non-vested restricted stock awards under the Plan for the nine months ended September 30, 2014:
		Number of Shares			Weighted Average
					Grant-date
					Fair Value
		(In thousands)
	Non-vested restricted stock awards at beginning of period		72		$	15.43
	Restricted shares granted		--			--
	Shares vested		--			--
	Forfeited		(7	)		15.35
	Non-vested restricted stock awards at end of period		65			15.43
	For the three months ended September 30, 2014 and 2013, compensation expense applicable to the stock awards was $64 thousand and $66 thousand, respectively.  The recognized tax benefit related to this expense was $26 thousand and $27 thousand, respectively.
	For the nine months ended September 30, 2014 and 2013, compensation expense applicable to the stock awards was $201 thousand and $199 thousand, respectively.  The recognized tax benefit related to the expense was $80 thousand for both periods.
	Unrecognized compensation expense for non-vested restricted stock totaled $754 ­­­ thousand as of September 30, 2014, which will be recognized over the remaining weighted average vesting period of 3.5 years.

EARNINGS_PER_COMMON_SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 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						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
		(In thousands, except per share amounts)
	Net income applicable to common stock	$	516		$	607		$	1,341		$	1,786
	Average number of common shares issued		2,451			2,461			2,452			2,465
	Less: Average unallocated ESOP shares		(159	)		(172	)		(162	)		(175	)
	Average number of common shares outstanding		2,292			2,289			2,290			2,290
	used to calculate basic earnings per common share
	Effect of  dilutive stock options		9			--			5			--
	Average number of common shares outstanding		2,301			2,289			2,295			2,290
	used to calculate diluted earnings per share
	Earnings per common share:
	Basic	$	0.23		$	0.27		$	0.59		$	0.78
	Diluted	$	0.22		$	0.27		$	0.58		$	0.78

STOCK_REPURCHASE_PLAN

STOCK REPURCHASE PLAN	9 Months Ended
	Sep. 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 September 30, 2014, the Company had repurchased and retired 40,535 shares.

DIVIDENDS_DECLARED

DIVIDENDS DECLARED	9 Months Ended
	Sep. 30, 2014
DIVIDENDS DECLARED	'
	NOTE 12 – DIVIDENDS DECLARED
	On August 20, 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 September 3, 2014.

LOAN_POLICIES_Policies

LOAN POLICIES (Policies)	9 Months Ended
	Sep. 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:
		September 30,			December 31,
		2014			2013
		(In thousands)
	Unrealized holding gains on securities available for sale	$	504		$	271
	Tax effect		(196	)		(105	)
	Net-of tax amount	$	308		$	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 value hierarchy	'
	Fair value hierarchy
	The Company groups its assets and liabilities 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						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
		(In thousands, except per share amounts)
	Net income applicable to common stock	$	516		$	607		$	1,341		$	1,786
	Average number of common shares issued		2,451			2,461			2,452			2,465
	Less: Average unallocated ESOP shares		(159	)		(172	)		(162	)		(175	)
	Average number of common shares outstanding		2,292			2,289			2,290			2,290
	used to calculate basic earnings per common share
	Effect of  dilutive stock options		9			--			5			--
	Average number of common shares outstanding		2,301			2,289			2,295			2,290
	used to calculate diluted earnings per share
	Earnings per common share:
	Basic	$	0.23		$	0.27		$	0.59		$	0.78
	Diluted	$	0.22		$	0.27		$	0.58		$	0.78

COMPREHENSIVE_INCOME_Tables

COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2014
Components of Accumulated Other Comprehensive Income	'
	The components of accumulated other comprehensive income and related tax effects are as follows:
		September 30,			December 31,
		2014			2013
		(In thousands)
	Unrealized holding gains on securities available for sale	$	504		$	271
	Tax effect		(196	)		(105	)
	Net-of tax amount	$	308		$	166

SECURITIES_AVAILABLE_FOR_SALE_

SECURITIES AVAILABLE FOR SALE (Tables)	9 Months Ended
	Sep. 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-Sep-14
		Amortized			Gross		Gross			Fair
		Cost			Unrealized		Unrealized			Value
					Gains		Losses
		(In thousands)
	Residential mortgage-backed securities:
	Government National Mortgage Association	$	6,137		$	163	$	(11	)	$	6,289
	Government-sponsored enterprises		9,674			178		(64	)		9,788
	SBA and other asset-backed securities		9,800			89		(58	)		9,831
	State and municipal bonds		5,708			186		(6	)		5,888
	Government-sponsored enterprise obligations		4,000			6		(27	)		3,979
	Corporate bonds		6,410			57		(9	)		6,458
		$	41,729		$	679	$	(175	)	$	42,233
		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 September 30, 2014 are listed below.  Expected maturities may differ from contractual maturities because the issuer, in certain instances, has the right to call or prepay obligations with or without call or prepayment penalties.
		30-Sep-14
		Amortized			Fair
		Cost			Value
		(In thousands)
	Within 1 year	$	1,000		$	1,001
	After 1 year to 5 years		5,497			5,564
	After 5 years to 10 years		5,975			6,051
	After 10 years		3,646			3,709
			16,118			16,325
	Mortgage- and asset-backed securities		25,611			25,908
		$	41,729		$	42,233
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-Sep-14
	Residential mortgage-backed securities:
	Government National Mortgage Association	$	(1	)	$	870	$	(10	)	$	527
	Government-sponsored enterprises		(10	)		1,937		(54	)		811
	SBA and other asset-backed securities		(6	)		2,008		(52	)		1,286
	State and municipal bonds		(1	)		102		(5	)		546
	Government-sponsored enterprise obligations		(20	)		1,981		(7	)		993
	Corporate bonds		(9	)		986		--			--
		$	(47	)	$	7,884	$	(128	)	$	4,163
	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)	9 Months Ended
	Sep. 30, 2014
Summary of Balances of Loans	'
	A summary of the balances of loans is as follows:
		September 30,			December 31,
		2014			2013
		(In thousands)
	Real estate loans:
	Residential – fixed	$	20,750		$	21,101
	Residential – variable		204,531			160,618
	Commercial		82,350			82,367
	Construction		83,303			80,103
			390,934			344,189
	Commercial loans:
	Secured		18,996			14,977
	Unsecured		72			1,453
			19,068			16,430
	Consumer loans:
	Home equity lines of credit		26,683			27,092
	Other		332			415
			27,015			27,507
	Total loans		437,017			388,126
	Less:
	Allowance for loan losses		(4,682	)		(4,213	)
	Net deferred origination fees		(157	)		(195	)
	Loans, net	$	432,178		$	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 nine months ended September 30, 2014 and 2013:
		Residential			Commercial			Construction			Commercial			Home			Other			Unallocated			Total
		Real Estate			Real Estate									Equity			Consumer
		(In thousands)
	Three Months Ended September 30, 2014
	Allowance at June 30, 2014	$	1,495		$	1,001		$	1,443		$	351		$	306		$	4		$	13		$	4,613
	Provision (credit) for loan losses		147			(63	)		(39	)		80			13			--			42			180
	Loans charged off		--			--			--			(2	)		(109	)		--			--			(111	)
	Allowance at September 30, 2014	$	1,642		$	938		$	1,404		$	429		$	210		$	4		$	55		$	4,682
	Three Months Ended September 30, 2013
	Allowance at June 30, 2013	$	1,393		$	930		$	987		$	447		$	167		$	7		$	77		$	4,008
	Provision (credit) for loan losses		(65	)		(52	)		186			(53	)		155			1			(22	)		150
	Allowance at September 30, 2013	$	1,328		$	878		$	1,173		$	394		$	322		$	8		$	55		$	4,158
	Nine Months Ended September 30, 2014
	Allowance at December 31, 2013	$	1,351		$	887		$	1,305		$	426		$	213		$	7		$	24		$	4,213
	Provision (credit) for loan losses		291			51			99			5			106			(3	)		31			580
	Loans charged off		--			--			--			(2	)		(109	)		--			--			(111	)
	Allowance at September 30, 2014	$	1,642		$	938		$	1,404		$	429		$	210		$	4		$	55		$	4,682
	Nine Months Ended September 30, 2013
	Allowance at December 31, 2012	$	1,157		$	1,041		$	918		$	456		$	171		$	11		$	90		$	3,844
	Provision (credit) for loan losses		171			(163	)		255			(26	)		151			(3	)		(35	)		350
	Loans charged off		--			---			---			(36	)		--			--			--			(36	)
	Allowance at September 30, 2013	$	1,328		$	878		$	1,173		$	394		$	322		$	8		$	55		$	4,158
Additional Information Pertaining to Allowance for Loan Losses	'
	Additional information pertaining to the allowance for loan losses at September 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-Sep-14
	Allowance related to loans	$	--		$	70		$	--		$	--		$	--		$	--		$	--		$	70
	individually evaluated and
	deemed to be impaired
	Allowance related to loans		1,642			868			1,404			429			210			4			55			4,612
	individually evaluated and
	not deemed impaired, and
	those collectively evaluated
	for impairment
	Total allowance	$	1,642		$	938		$	1,404		$	429		$	210		$	4		$	55		$	4,682
	Impaired loan balances	$	1,411		$	3,405		$	--		$	26		$	430		$	--		$	--		$	5,272
	individually evaluated and
	deemed to be impaired
	Loan balances individually		223,870			78,945			83,303			19,042			26,253			332			--			431,745
	evaluated and not deemed
	impaired, and those collectively
	evaluated for impairment
	Total loans	$	225,281		$	82,350		$	83,303		$	19,068		$	26,683		$	332		$	--		$	437,017
	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 September 30, 2014 and December 31, 2013:
		30-59 Days			60-89 Days			Past Due 90			Total			Past Due 90			Non-accrual
		Past Due			Past Due			Days or More			Past Due			Days or More			Loans
														and
														Still Accruing
		(In thousands)
	30-Sep-14
	Residential real estate	$	261		$	822		$	--		$	1,083		$	--		$	1,411
	Commercial real estate		--			--			774			774			--			3,405
	Commercial		26			844			--			870			--			26
	Home equity lines of credit		--			112			283			395			--			430
	Total	$	287		$	1,778		$	1,057		$	3,122		$	191		$	5,272
	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 September 30, 2014 and December 31, 2013:
		30-Sep-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	$	1,411		$	1,411		$	--		$	425		$	425		$	--
	Commercial real estate		2,631			2,631			--			5,269			5,269			--
	Commercial		26			26			--			34			34			--
	Home equity lines of credit		430			430			--			427			427			--
	Total		4,498			4,498			--			6,155			6,155			--
	Impaired loans with a valuation allowance:
	Commercial real estate		774			774			70			--			--			--
	Total impaired loans	$	5,272		$	5,272		$	70		$	6,155		$	6,155		$	--
Additional Information Pertaining to Impaired Loans	'
	Additional information pertaining to impaired loans follows:
		Three Months Ended September 30, 2014									Nine Months Ended September 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	$	410		$	4		$	4		$	421		$	8		$	13
	Commercial real estate		2,581			38			27			4,498			77			54
	Commercial		26			--			--			29			1			1
	Home equity lines of credit		427			4			--			427			8			--
	Total	$	3,444		$	46		$	31		$	5,375		$	94		$	68
		Three Months Ended September 30, 2013									Nine Months Ended September 30, 2013
		Average			Interest			Interest			Average			Interest			Interest
		Recorded			Income			Income			Recorded			Income			Income
		Investment			Recognized			Recognized			Investment			Recognized			Recognized
								on Cash Basis									on Cash Basis
		(In thousands)
	Residential real estate	$	524		$	4		$	11		$	576		$	16		$	22
	Commercial real estate		5,532			73			80			5,909			248			282
	Commercial		385			4			6			257			13			12
	Home equity lines of credit		156			2			--			111			2			1
	Total	$	6,597		$	83		$	97		$	6,853		$	289		$	317
Loans by Risk Rating and by Category	'
	The following table presents the Company’s loans by risk rating:
		30-Sep-14												31-Dec-13
		Commercial			Construction			Commercial			Total			Commercial			Construction			Commercial			Total
		Real Estate												Real Estate
		(In thousands)
	Loans rated 1-4	$	74,244		$	83,303		$	17,806		$	175,353		$	71,547		$	80,103		$	15,019		$	166,669
	Loans rated 5		5,761			--			1,046			6,807			8,418			--			1,168			9,586
	Loans rated 6		1,571			--			216			1,787			2,402			--			243			2,645
	Loans rated 7		774			--			--			774			--			--			--			--
	Total	$	82,350		$	83,303		$	19,068		$	184,721		$	82,367		$	80,103		$	16,430		$	178,900

FAIR_VALUES_OF_FINANCIAL_INSTR1

FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
Assets Measured at Fair Value on Recurring Basis	'
	Assets and liabilities measured at fair value on a recurring basis at September 30, 2014 and December 31, 2013 are summarized below.
		30-Sep-14
											Total
		Level 1			Level 2			Level 3			Fair Value
		(In thousands)
	Assets
	Securities available for sale	$	--		$	42,233		$	--		$	42,233
	Forward loan sale commitments		--			13			--			13
	Total assets	$	--		$	42,246		$	--		$	42,246
	Liabilities
	Derivative loan commitments	$	--		$	2		$	--		$	2
		31-Dec-13
											Total
		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 September 30, 2014 and December 31, 2013.
		30-Sep-14									31-Dec-13
		Level 1			Level 2			Level 3			Level 1			Level 2		Level 3
		(In thousands)
	Loans held for sale	$	--		$	--		$	944		$	--		$	--	$	825
	Impaired loans		--			--			704			--			--		--
		$	--		$	--		$	1,648		$	--		$	--	$	825
Total Gains (Losses) on Loans Held for Sale and Impaired Loans	'
	The following table presents the total  gains (losses)  on loans held for sale and impaired loans for the three and nine month periods ended September 30, 2014 and 2013.
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
		(In thousands)
	Loans held for sale	$	(7	)	$	--		$	(7	)	$	--
	Impaired loans		111			(95	)		(70	)		(1	)
		$	104		$	(95	)	$	(77	)	$	(1	)
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-Sep-14
	Financial assets:
	Cash and cash equivalents	$	11,494		$	11,494		$	--		$	--		$	11,494
	Certificates of deposit		100			100			--			--			100
	Securities available for sale		42,233			--			42,233			--			42,233
	FHLB stock		3,660			--			--			3,660			3,660
	Loans held for sale		944			--			944			--			944
	Loans, net		432,178			--			--			432,886			432,886
	Accrued interest receivable		1,150			--			--			1,150			1,150
	Forward loan sale commitments		13			--			13			--			13
	Financial liabilities:
	Deposits	$	389,406		$	--		$	--		$	389,986		$	389,986
	Short-term borrowings		2,000			--			2,000			--			2,000
	Long-term debt		63,500			--			63,390			--			63,390
	Accrued interest payable		5			--			--			5			5
	Derivative loan commitments		2			--			2			--			2
	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)	9 Months Ended
	Sep. 30, 2014
Shares held by ESOP	'
	Shares held by the ESOP include the following:
		30-Sep-14
	Allocated		24,778
	Committed to be allocated		9,629
	Unallocated		157,267
			191,674

EQUITY_INCENTIVE_PLAN_Tables

EQUITY INCENTIVE PLAN (Tables)	9 Months Ended
	Sep. 30, 2014
Summary of Option Activity	'
	A summary of option activity under the Plan for the nine months ended September 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)
			213		$	15.45		8.8
	Outstanding at beginning of period
	Granted					--		--
	Exercised		(1	)		15.35		--
	Forfeited		(13	)		15.35		--
	Outstanding at end of period		199		$	15.47		8.05	$	705
	Options exercisable at end of period		27		$	15.35		8	$	98
Non-Vested Stock Activity	'
	The following table presents the activity in non-vested restricted stock awards under the Plan for the nine months ended September 30, 2014:
		Number of Shares			Weighted Average
					Grant-date
					Fair Value
		(In thousands)
	Non-vested restricted stock awards at beginning of period		72		$	15.43
	Restricted shares granted		--			--
	Shares vested		--			--
	Forfeited		(7	)		15.35
	Non-vested restricted stock awards at end of period		65			15.43

EARNINGS_PER_COMMON_SHARE_Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Common Share	'
	Earnings per common share have been computed as follows:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
		(In thousands, except per share amounts)
	Net income applicable to common stock	$	516		$	607		$	1,341		$	1,786
	Average number of common shares issued		2,451			2,461			2,452			2,465
	Less: Average unallocated ESOP shares		(159	)		(172	)		(162	)		(175	)
	Average number of common shares outstanding		2,292			2,289			2,290			2,290
	used to calculate basic earnings per common share
	Effect of  dilutive stock options		9			--			5			--
	Average number of common shares outstanding		2,301			2,289			2,295			2,290
	used to calculate diluted earnings per share
	Earnings per common share:
	Basic	$	0.23		$	0.27		$	0.59		$	0.78
	Diluted	$	0.22		$	0.27		$	0.58		$	0.78

Loan_Policies_Additional_Infor

Loan Policies - Additional Information (Detail)	9 Months Ended
	Sep. 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 $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss)	'	'
Unrealized holding gains on securities available for sale	$504	$271
Tax effect	-196	-105
Net-of tax amount	$308	$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 $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Schedule of Available-for-sale Securities	'	'
Amortized Cost	$41,729	$36,401
Gross Unrealized Gains	679	543
Gross Unrealized Losses	-175	-272
Fair Value	42,233	36,672
SBA and other asset-backed securities	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	9,800	5,089
Gross Unrealized Gains	89	15
Gross Unrealized Losses	-58	-90
Fair Value	9,831	5,014
State and municipal bonds	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	5,708	4,025
Gross Unrealized Gains	186	101
Gross Unrealized Losses	-6	-6
Fair Value	5,888	4,120
Government-sponsored enterprise obligations	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	4,000	2,060
Gross Unrealized Gains	6	4
Gross Unrealized Losses	-27	-50
Fair Value	3,979	2,014
Corporate bonds	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	6,410	7,932
Gross Unrealized Gains	57	79
Gross Unrealized Losses	-9	0
Fair Value	6,458	8,011
Residential mortgage-backed securities | Government National Mortgage Association	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	6,137	7,673
Gross Unrealized Gains	163	191
Gross Unrealized Losses	-11	-33
Fair Value	6,289	7,831
Residential mortgage-backed securities | Government-sponsored enterprises	'	'
Schedule of Available-for-sale Securities	'	'
Amortized Cost	9,674	9,622
Gross Unrealized Gains	178	153
Gross Unrealized Losses	-64	-93
Fair Value	$9,788	$9,682

Amortized_Cost_and_Fair_Value_1

Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Available-for-sale Securities, Debt Maturities, Amortized Cost	'
Within 1 year	$1,000
After 1 year to 5 years	5,497
After 5 years to 10 years	5,975
After 10 years	3,646
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total	16,118
Mortgage- and asset-backed securities	25,611
Available-for-sale Debt Securities, Amortized Cost Basis, Total	41,729
Available-for-sale Securities, Debt Maturities, Fair Value	'
Within 1 year	1,001
After 1 year to 5 years	5,564
After 5 years to 10 years	6,051
After 10 years	3,709
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Total	16,325
Mortgage- and asset-backed securities	25,908
Available-for-sale Securities, Debt Securities, Total	$42,233

Information_Pertaining_to_Secu

Information Pertaining to Securities With Gross Unrealized Losses Aggregated by Investment Category and Length of Time that Individual Securities have been in Continuous Loss Position (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Less Than Twelve Months Gross Unrealized Losses	($47)	($268)
Less Than Twelve Months Fair Value	7,884	9,724
Over Twelve Months Gross Unrealized Losses	-128	-4
Over Twelve Months Fair Value	4,163	296
SBA and other asset-backed securities	'	'
Less Than Twelve Months Gross Unrealized Losses	-6	-90
Less Than Twelve Months Fair Value	2,008	2,164
Over Twelve Months Gross Unrealized Losses	-52	'
Over Twelve Months Fair Value	1,286	'
State and municipal bonds	'	'
Less Than Twelve Months Gross Unrealized Losses	-1	-2
Less Than Twelve Months Fair Value	102	251
Over Twelve Months Gross Unrealized Losses	-5	-4
Over Twelve Months Fair Value	546	296
Government-sponsored enterprise obligations	'	'
Less Than Twelve Months Gross Unrealized Losses	-20	-50
Less Than Twelve Months Fair Value	1,981	949
Over Twelve Months Gross Unrealized Losses	-7	'
Over Twelve Months Fair Value	993	'
Corporate bonds	'	'
Less Than Twelve Months Gross Unrealized Losses	-9	'
Less Than Twelve Months Fair Value	986	'
Residential mortgage-backed securities | Government National Mortgage Association	'	'
Less Than Twelve Months Gross Unrealized Losses	-1	-33
Less Than Twelve Months Fair Value	870	1,496
Over Twelve Months Gross Unrealized Losses	-10	'
Over Twelve Months Fair Value	527	'
Residential mortgage-backed securities | Government-sponsored enterprises	'	'
Less Than Twelve Months Gross Unrealized Losses	-10	-93
Less Than Twelve Months Fair Value	1,937	4,864
Over Twelve Months Gross Unrealized Losses	-54	'
Over Twelve Months Fair Value	$811	'

Recovered_Sheet2

Securities Available for Sale - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Schedule of Available-for-sale Securities	'	'	'	'
Proceeds from sales of securities, net	$0	$0	$903,000	$1,429,000
Gross realized gains from sale of available for sale securities	'	'	16,000	103,000
Gross realized losses from sale of available for sale securities	'	'	$0	$0

Summary_of_Balances_of_Loans_D

Summary of Balances of Loans (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	$437,017	$388,126
Allowance for loan losses	-4,682	-4,213
Net deferred origination fees	-157	-195
Loans, net	432,178	383,718
Commercial Real Estate	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	82,350	82,367
Construction	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	83,303	80,103
Home equity lines of credit	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	26,683	27,092
Other Consumer	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	332	415
Real estate loans	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	390,934	344,189
Real estate loans | Residential - fixed	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	20,750	21,101
Real estate loans | Residential - variable	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	204,531	160,618
Real estate loans | Commercial Real Estate	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	82,350	82,367
Real estate loans | Construction	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	83,303	80,103
Commercial	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	19,068	16,430
Commercial | Secured	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	18,996	14,977
Commercial | Unsecured	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	72	1,453
Consumer loans	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	27,015	27,507
Consumer loans | Home equity lines of credit	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	26,683	27,092
Consumer loans | Other Consumer	'	'
Accounts, Notes, Loans and Financing Receivable	'	'
Loans	$332	$415

Changes_in_Allowance_for_Loan_

Changes in Allowance for Loan Losses by Portfolio Segment (Detail) (USD $)	3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended			3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
					Residential Real Estate	Residential Real Estate	Residential Real Estate	Residential Real Estate	Commercial Real Estate	Commercial Real Estate	Commercial Real Estate	Commercial Real Estate	Construction	Construction	Construction	Construction	Commercial	Commercial	Commercial	Commercial	Home equity lines of credit	Home equity lines of credit	Home equity lines of credit	Home equity lines of credit	Other Consumer	Other Consumer	Other Consumer	Other Consumer	Unallocated	Unallocated	Unallocated	Unallocated
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Allowance Beginning Balance	$4,613	$4,008	$4,213	$3,844	$1,495	$1,393	$1,351	$1,157	$1,001	$930	$887	$1,041	$1,443	$987	$1,305	$918	$351	$447	$426	$456	$306	$167	$213	$171	$7	$7	$11	$4	$13	$77	$24	$90
Provision (credit) for loan losses	180	150	580	350	147	-65	291	171	-63	-52	51	-163	-39	186	99	255	80	-53	5	-26	13	155	106	151	1	-3	-3	'	42	-22	31	-35
Loans charged off	-111	'	-111	-36	'	'	'	'	'	'	'	'	'	'	'	'	-2	'	-2	-36	-109	'	-109	'	'	'	'	'	'	'	'	'
Allowance Ending Balance	$4,682	$4,158	$4,682	$4,158	$1,642	$1,328	$1,642	$1,328	$938	$878	$938	$878	$1,404	$1,173	$1,404	$1,173	$429	$394	$429	$394	$210	$322	$210	$322	$8	$4	$8	$4	$55	$55	$55	$55

Additional_Information_Pertain

Additional Information Pertaining to Allowance for Loan Losses (Detail) (USD $)	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 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	$70	'	'	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	4,612	'	4,213	'	'	'
Total allowance	4,682	4,613	4,213	4,158	4,008	3,844
Impaired loan balances individually evaluated and deemed to be impaired	5,272	'	6,155	'	'	'
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	431,745	'	381,971	'	'	'
Total loans	437,017	'	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	1,642	'	1,351	'	'	'
Total allowance	1,642	1,495	1,351	1,328	1,393	1,157
Impaired loan balances individually evaluated and deemed to be impaired	1,411	'	425	'	'	'
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	223,870	'	181,294	'	'	'
Total loans	225,281	'	181,719	'	'	'
Commercial Real Estate	'	'	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and deemed to be impaired	70	'	'	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	868	'	887	'	'	'
Total allowance	938	1,001	887	878	930	1,041
Impaired loan balances individually evaluated and deemed to be impaired	3,405	'	5,269	'	'	'
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	78,945	'	77,098	'	'	'
Total loans	82,350	'	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	1,404	'	1,305	'	'	'
Total allowance	1,404	1,443	1,305	1,173	987	918
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	83,303	'	80,103	'	'	'
Total loans	83,303	'	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	429	'	426	'	'	'
Total allowance	429	351	426	394	447	456
Impaired loan balances individually evaluated and deemed to be impaired	26	'	34	'	'	'
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	19,042	'	16,396	'	'	'
Total loans	19,068	'	16,430	'	'	'
Home equity lines of credit	'	'	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	210	'	213	'	'	'
Total allowance	210	306	213	322	167	171
Impaired loan balances individually evaluated and deemed to be impaired	430	'	427	'	'	'
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	26,253	'	26,665	'	'	'
Total loans	26,683	'	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	4	7	8	7	11
Loan balances individually evaluated and not deemed impaired, and those collectively evaluated for impairment	332	'	415	'	'	'
Total loans	332	'	415	'	'	'
Unallocated	'	'	'	'	'	'
Financing Receivable, Allowance for Credit Losses	'	'	'	'	'	'
Allowance related to loans individually evaluated and not deemed impaired, and those collectively evaluated for impairment	55	'	24	'	'	'
Total allowance	$55	$13	$24	$55	$77	$90

Past_Due_and_Nonaccrual_Loans_

Past Due and Nonaccrual Loans (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	$287	$1,003
60-89 Days Past Due	1,778	1,434
Past Due 90 Days or More	1,057	707
Total Past Due	3,122	3,144
Past Due 90 Days or More and Still Accruing	191	191
Non-accrual Loans	5,272	3,745
Residential Real Estate	'	'
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	261	'
60-89 Days Past Due	822	335
Past Due 90 Days or More	'	90
Total Past Due	1,083	425
Non-accrual Loans	1,411	639
Commercial Real Estate	'	'
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	'	867
60-89 Days Past Due	'	791
Past Due 90 Days or More	774	'
Total Past Due	774	1,658
Non-accrual Loans	3,405	2,645
Commercial	'	'
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	26	'
60-89 Days Past Due	844	'
Past Due 90 Days or More	'	34
Total Past Due	870	34
Non-accrual Loans	26	34
Home equity lines of credit	'	'
Financing Receivable, Recorded Investment, Past Due	'	'
30-59 Days Past Due	'	136
60-89 Days Past Due	112	308
Past Due 90 Days or More	283	583
Total Past Due	395	1,027
Past Due 90 Days or More and Still Accruing	'	191
Non-accrual Loans	$430	$427

Impaired_Loans_Detail

Impaired Loans (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financing Receivable, Impaired	'	'
Recorded Investment, Without a Valuation Allowance	$4,498	$6,155
Recorded Investment	5,272	6,155
Unpaid Principal Balance, Without a Valuation Allowance	4,498	6,155
Unpaid Principal Balance	5,272	6,155
Related Allowance	70	'
Residential Real Estate	'	'
Financing Receivable, Impaired	'	'
Recorded Investment, Without a Valuation Allowance	1,411	425
Unpaid Principal Balance, Without a Valuation Allowance	1,411	425
Commercial Real Estate	'	'
Financing Receivable, Impaired	'	'
Recorded Investment, Without a Valuation Allowance	2,631	5,269
Recorded Investment, With a Valuation Allowance	774	'
Unpaid Principal Balance, Without a Valuation Allowance	2,631	5,269
Unpaid Principal Balance, With a Valuation Allowance	774	'
Related Allowance	70	'
Home equity lines of credit	'	'
Financing Receivable, Impaired	'	'
Recorded Investment, Without a Valuation Allowance	430	427
Unpaid Principal Balance, Without a Valuation Allowance	430	427
Commercial	'	'
Financing Receivable, Impaired	'	'
Recorded Investment, Without a Valuation Allowance	26	34
Unpaid Principal Balance, Without a Valuation Allowance	$26	$34

Additional_Information_Pertain1

Additional Information Pertaining to Impaired Loans (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	$3,444	$6,597	$5,375	$6,853
Interest Income Recognized	46	83	94	289
Interest Income Recognized on Cash Basis	31	97	68	317
Residential Real Estate	'	'	'	'
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	410	524	421	576
Interest Income Recognized	4	4	8	16
Interest Income Recognized on Cash Basis	4	11	13	22
Commercial Real Estate	'	'	'	'
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	2,581	5,532	4,498	5,909
Interest Income Recognized	38	73	77	248
Interest Income Recognized on Cash Basis	27	80	54	282
Home equity lines of credit	'	'	'	'
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	427	156	427	111
Interest Income Recognized	4	2	8	2
Interest Income Recognized on Cash Basis	'	'	'	1
Commercial	'	'	'	'
Financing Receivable, Impaired	'	'	'	'
Average Recorded Investment	26	385	29	257
Interest Income Recognized	'	4	1	13
Interest Income Recognized on Cash Basis	'	$6	$1	$12

Loans_and_Allowances_for_Loan_

Loans and Allowances for Loan Losses - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable	'	'	'	'	'
Troubled debt restructurings	$0	$0	$0	$0	'
Troubled debt restructurings default	0	0	0	0	'
Loans	437,017,000	'	437,017,000	'	388,126,000
Commercial	'	'	'	'	'
Accounts, Notes, Loans and Financing Receivable	'	'	'	'	'
Loans	19,068,000	'	19,068,000	'	16,430,000
Loan rated 9 | Commercial | Maximum	'	'	'	'	'
Accounts, Notes, Loans and Financing Receivable	'	'	'	'	'
Loans	$25,000	'	$25,000	'	'
Credit Rating Eleven | Maximum	'	'	'	'	'
Accounts, Notes, Loans and Financing Receivable	'	'	'	'	'
Days after assignment of a 10 rating after which the credit will be rated 5 If information is still not available to allow a standard rating	'	'	'60 days	'	'

Loan_by_Risk_Rating_and_by_Cat

Loan by Risk Rating and by Category (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financing Receivable, Recorded Investment	'	'
Loans	$184,721	$178,900
Loans rated 1-4	'	'
Financing Receivable, Recorded Investment	'	'
Loans	175,353	166,669
Loans rated 5	'	'
Financing Receivable, Recorded Investment	'	'
Loans	6,807	9,586
Loans rated 6	'	'
Financing Receivable, Recorded Investment	'	'
Loans	1,787	2,645
Loans rated 7	'	'
Financing Receivable, Recorded Investment	'	'
Loans	774	'
Commercial Real Estate	'	'
Financing Receivable, Recorded Investment	'	'
Loans	82,350	82,367
Commercial Real Estate | Loans rated 1-4	'	'
Financing Receivable, Recorded Investment	'	'
Loans	74,244	71,547
Commercial Real Estate | Loans rated 5	'	'
Financing Receivable, Recorded Investment	'	'
Loans	5,761	8,418
Commercial Real Estate | Loans rated 6	'	'
Financing Receivable, Recorded Investment	'	'
Loans	1,571	2,402
Commercial Real Estate | Loans rated 7	'	'
Financing Receivable, Recorded Investment	'	'
Loans	774	'
Construction	'	'
Financing Receivable, Recorded Investment	'	'
Loans	83,303	80,103
Construction | Loans rated 1-4	'	'
Financing Receivable, Recorded Investment	'	'
Loans	83,303	80,103
Commercial	'	'
Financing Receivable, Recorded Investment	'	'
Loans	19,068	16,430
Commercial | Loans rated 1-4	'	'
Financing Receivable, Recorded Investment	'	'
Loans	17,806	15,019
Commercial | Loans rated 5	'	'
Financing Receivable, Recorded Investment	'	'
Loans	1,046	1,168
Commercial | Loans rated 6	'	'
Financing Receivable, Recorded Investment	'	'
Loans	$216	$243

Assets_and_Liabilities_Measure

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $)	Sep. 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	$42,233	$36,672
Forward loan sale commitments	13	36
Derivative loan commitments	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative loan commitments	2	12
Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets measured at fair value	42,233	36,672
Forward loan sale commitments	13	36
Level 2 | Derivative loan commitments	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative loan commitments	2	12
Fair Value, Measurements, Recurring	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets measured at fair value	42,246	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	42,233	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	13	36
Fair Value, Measurements, Recurring | Derivative loan commitments	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Derivative loan commitments	2	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	42,246	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	42,233	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	13	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	$2	$12

Fair_Value_Hierarchy_Used_to_D

Fair Value Hierarchy Used to Determine Each Adjustment and Carrying Value of Related Individual Assets (Detail) (USD $)	Sep. 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	$944	$825
Fair Value, Measurements, Nonrecurring | Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Loans held for sale	944	825
Impaired loans	704	'
Assets, Fair Value Disclosure, Nonrecurring, Total	$1,648	$825

Total_Gains_Losses_on_Loans_He

Total Gains Losses on Loans Held for Sale and Impaired Loans (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Fair Value, Assets and Liabilities Measured on Non Recurring Basis	'	'	'	'
Total Gains (Losses)	$104	($95)	($77)	($1)
Loans Held-for-Sale	'	'	'	'
Fair Value, Assets and Liabilities Measured on Non Recurring Basis	'	'	'	'
Total Gains (Losses)	-7	'	-7	'
Impaired Loans	'	'	'	'
Fair Value, Assets and Liabilities Measured on Non Recurring Basis	'	'	'	'
Total Gains (Losses)	$111	($95)	($70)	($1)

Recovered_Sheet3

Fair Values of Financial Instruments - Additional Information (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Fair Value of Financial Instruments [Line Items]	'	'
Liabilities measured at fair value on a non-recurring basis	$0	$0

Estimated_Fair_Values_and_Rela

Estimated Fair Values and Related Carrying or Notional Amounts of Financial Instruments (Detail) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financial assets:	'	'
Cash and cash equivalents	$11,494	$19,067
Certificates of deposit	100	100
Securities available for sale	42,233	36,672
FHLB stock	3,660	3,176
Loans held for sale	944	825
Loans, net	432,886	383,420
Accrued interest receivable	1,150	1,044
Forward loan sale commitments	13	36
Financial liabilities:	'	'
Deposits	389,986	356,850
Short-term borrowings	2,000	9,000
Long-term debt	63,390	43,493
Accrued interest payable	5	7
Derivative loan commitments	'	'
Financial liabilities:	'	'
Derivative loan commitments	2	12
Level 1	'	'
Financial assets:	'	'
Cash and cash equivalents	11,494	19,067
Certificates of deposit	100	100
Level 2	'	'
Financial assets:	'	'
Securities available for sale	42,233	36,672
Loans held for sale	944	825
Forward loan sale commitments	13	36
Financial liabilities:	'	'
Short-term borrowings	2,000	9,000
Long-term debt	63,390	43,493
Level 2 | Derivative loan commitments	'	'
Financial liabilities:	'	'
Derivative loan commitments	2	12
Level 3	'	'
Financial assets:	'	'
FHLB stock	3,660	3,176
Loans, net	432,886	383,420
Accrued interest receivable	1,150	1,044
Financial liabilities:	'	'
Deposits	389,986	356,850
Accrued interest payable	5	7
Carrying Amount	'	'
Financial assets:	'	'
Cash and cash equivalents	11,494	19,067
Certificates of deposit	100	100
Securities available for sale	42,233	36,672
FHLB stock	3,660	3,176
Loans held for sale	944	825
Loans, net	432,178	383,718
Accrued interest receivable	1,150	1,044
Forward loan sale commitments	13	36
Financial liabilities:	'	'
Deposits	389,406	357,518
Short-term borrowings	2,000	9,000
Long-term debt	63,500	43,500
Accrued interest payable	5	7
Carrying Amount | Derivative loan commitments	'	'
Financial liabilities:	'	'
Derivative loan commitments	$2	$12

Recovered_Sheet4

Employee Stock Ownership Plan - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 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	'	'	7.83%	'
Employee Stock Ownership Plan, loan term	'	'	'15 years	'
Employee Stock Ownership Plan, loan fixed interest rate	'	'	3.25%	'
Employee Stock Ownership Plan, unallocated shares fair value	'	'	$3,000,000	'
ESOP expense	'	'	180,000	159,000
Stock Compensation Plan	'	'	'	'
Employee Stock Ownership Plan (ESOP) Disclosures	'	'	'	'
ESOP expense	$61,000	$57,000	$180,000	$159,000

Shares_held_by_ESOP_Detail

Shares held by ESOP (Detail)	Sep. 30, 2014
Employee Stock Ownership Plan (ESOP) Disclosures	'
Allocated	24,778
Committed to be allocated	9,629
Unallocated	157,267
Employee Stock Ownership Plan , Shares in ESOP	191,674

Equity_Incentive_Plan_Addition

Equity Incentive Plan - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Equity Incentive Plan, shares approved for issuance	240,751	'	240,751	'
Stock options term	'	'	'10 years	'
Equity awards, vesting period	'	'	'5 years	'
Rate for Vesting Period	'	'	20.00%	'
Share base compensation expenses applicable to stock option plan	$48	$48	$149	$143
Recognize tax Benefit	10	10	31	29
Unrecognized compensation expense for non-vested stock options	575	'	575	'
Unrecognized compensation expense, recognition period	'3 years 9 months 18 days	'	'	'
Restricted Stock Award	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Equity Incentive Plan, shares approved for issuance	96,286	'	96,286	'
Equity awards, vesting period	'	'	'5 years	'
Stock Awards	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Recognize tax Benefit	26	27	80	80
Compensation expense for stock award plan	64	66	201	199
Non Vested Restricted Stock	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Unrecognized compensation expense, recognition period	'3 years 6 months	'	'	'
Unrecognized compensation expense for non-vested restricted stock options	$754	'	$754	'

Summary_of_Option_Activity_Det

Summary of Option Activity (Detail) (USD $)	6 Months Ended	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Sep. 30, 2014
Options	'	'
Outstanding at beginning of period	213	213
Exercised	'	-1
Forfeited	'	-13
Outstanding at end of period	'	199
Options exercisable at end of period	'	27
Weighted Average Exercise Price	'	'
Outstanding at beginning of period	$15.45	$15.45
Exercised	'	$15.35
Forfeited	'	$15.35
Outstanding at end of period	'	$15.47
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 18 days
Options exercisable at end of period	'	'8 years
Aggregate Intrinsic Value	'	'
Outstanding at end of period	'	$705
Options exercisable at end of period	'	$98

NonVested_Stock_Activity_Detai

Non-Vested Stock Activity (Detail) (Restricted Stock Award, USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014
Restricted Stock Award	'
Number of Shares	'
Non-vested stock awards at beginning of year	72
Forfeited	-7
Non-vested stock awards at end of year	65
Grant-date Fair Value	'
Non-vested stock awards at beginning of year	$15.43
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		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]	'	'	'	'
Net income applicable to common stock	$516	$607	$1,341	$1,786
Average number of common shares issued	2,451,000	2,461,000	2,452,000	2,465,000
Less: Average unallocated ESOP shares	-159,000	-172,000	-162,000	-175,000
Average number of common shares outstanding used to calculate basic earnings per common share	2,291,824	2,288,752	2,290,510	2,290,402
Effect of dilutive stock options	9,000	'	5,000	'
Average number of common shares outstanding used to calculate diluted earnings per share	2,301,067	2,288,752	2,295,322	2,290,402
Earnings per common share:	'	'	'	'
Basic	$0.23	$0.27	$0.59	$0.78
Diluted	$0.22	$0.27	$0.58	$0.78

Stock_Repurchase_Plan_Addition

Stock Repurchase Plan - Additional Information (Detail)	9 Months Ended
	Sep. 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
	Aug. 20, 2014	Aug. 20, 2014
Dividends Payable [Line Items]	'	'
Cash dividend declared	'	$0.03
Dividend payable date	3-Sep-14	'