Pilgrim Bancshares (PLRM) 10-Q 1 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 01, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	Pilgrim Bancshares, Inc.
Entity Central Index Key	1,601,347
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	PLRM
Entity Common Stock, Shares Outstanding		2,260,439

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 1,662	$ 2,351
Interest-bearing demand deposits with other banks	6,474	8,319
Total cash and cash equivalents	8,136	10,670
Interest-bearing time deposits with other banks	1,087	1,087
Investments in available-for-sale securities (at fair value)	17,040	16,556
Investments in held-to-maturity securities (fair value of $140 at June 30, 2016, and $155 at December 31, 2015)	110	120
Federal Home Loan Bank stock, at cost	1,152	971
Investment in The Co-operative Central Reserve Fund, at cost	384	384
Loans, net of allowance for loan losses of $951 at June 30, 2016, and $886 at December 31, 2015	191,629	170,427
Premises and equipment, net	5,035	5,177
Investment in real estate, net	1,556	1,578
Accrued interest receivable	543	508
Deferred income tax asset, net	403	496
Bank-owned life insurance	2,297	2,276
Other assets	325	257
Total assets	229,697	210,507
Deposits:
Noninterest-bearing	17,482	15,290
Interest-bearing	165,116	154,082
Total deposits	182,598	169,372
Federal Home Loan Bank advances	14,500	8,500
Other liabilities	524	666
Total liabilities	197,622	178,538
Stockholders' equity:
Common stock $.01 par value per share: 10,000,000 shares authorized, 2,260,439 shares issued at June 30, 2016 and 2,224,489 shares issued at December 31, 2015	23	22
Additional paid-in capital	20,936	20,466
Retained earnings	13,594	13,253
Unearned compensation - ESOP (164,822 shares unallocated at June 30, 2016 and 167,819 shares unallocated at December 31, 2015)	(1,648)	(1,679)
Unearned compensation - Restricted Stock (70,950 shares non-vested at June 30, 2016)	(897)	0
Accumulated other comprehensive income (loss)	67	(93)
Total stockholders' equity	32,075	31,969
Total liabilities and stockholders' equity	$ 229,697	$ 210,507

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Securities held-to-maturity, fair value (in dollars)	$ 140	$ 155
Allowance for loan losses (in dollars)	$ 951	$ 886
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,260,439	2,224,489
Employee stock ownership plan, shares unallocated	164,822	167,819
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	70,950

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest and dividend income:
Interest and fees on loans	$ 1,838	$ 1,609	$ 3,610	$ 3,143
Interest on debt securities:
Taxable	54	45	106	86
Tax-exempt	13	17	27	34
Other interest and dividends	23	11	51	25
Total interest and dividend income	1,928	1,682	3,794	3,288
Interest expense:
Interest on deposits	347	238	675	479
Interest on Federal Home Loan Bank advances	27	15	51	28
Total interest expense	374	253	726	507
Net interest and dividend income	1,554	1,429	3,068	2,781
Provision for loan losses	36	38	72	60
Net interest and dividend income after provision for loan losses	1,518	1,391	2,996	2,721
Noninterest income:
Service charges on deposit accounts	28	32	54	60
Gain on sales/calls of securities, net	3	0	3	0
Gain on sales of loans, net	17	3	34	37
Rental income	67	64	134	131
Other income	31	34	68	64
Total noninterest income	146	133	293	292
Noninterest expense:
Salaries and employee benefits	815	739	1,620	1,510
Occupancy expense	125	135	260	298
Equipment expense	47	45	94	93
Data processing expense	101	89	197	177
Professional fees	101	103	199	196
Federal Deposit Insurance Corporation assessment	38	34	74	71
Communications expense	22	30	64	60
Advertising and public relations expense	29	40	63	56
Insurance expense	15	20	30	40
Supplies expense	13	17	29	32
Other expense	59	61	113	124
Total noninterest expense	1,365	1,313	2,743	2,657
Income before income taxes	299	211	546	356
Income tax expense	114	77	205	121
Net income	$ 185	$ 134	$ 341	$ 235
Weighted-average number of common shares outstanding:
Basic	2,023,918	2,076,024	2,027,338	2,075,274
Diluted	2,023,990	2,076,024	2,027,400	2,075,274
Earnings per share:
Basic	$ 0.09	$ 0.06	$ 0.17	$ 0.11
Diluted	$ 0.09	$ 0.06	$ 0.17	$ 0.11

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income		$ 185	$ 134	$ 341	$ 235
Other comprehensive income (loss), net of tax:
Net unrealized holding gain (loss) on available-for-sale securities		89	(110)	256	(46)
Reclassification adjustment for net realized gains in net income	[1]	(3)	0	(3)	0
Other comprehensive income (loss) before income tax effect		86	(110)	253	(46)
Income tax (expense) benefit		(32)	41	(93)	17
Other comprehensive income (loss), net of tax		54	(69)	160	(29)
Comprehensive income		$ 239	$ 65	$ 501	$ 206
[1]	Reclassification adjustments are comprised of realized security gains. The gains have been reclassified out of accumulated other comprehensive income and have affected certain lines in the consolidated statements of income as follows: the pre-tax amount is included in gain on sales/calls of securities, net; the tax expense amount, which was immaterial for the three and six months ended June 30, 2016, is included in income tax expense, and the after tax amount is included in net income.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Unearned Compensation - ESOP [Member]	Unearned Compensation-Restricted Stock [Member]	Accumulated Other Comprehensive (Loss) [Member]
Balance at Dec. 31, 2014	$ 31,602	$ 22	$ 20,770	$ 12,599	$ (1,738)	$ 0	$ (51)
Balance (in Shares) at Dec. 31, 2014		2,247,589
Net income	235	$ 0	0	235	0	0	0
Common stock held by ESOP committed to be allocated (2,997 shares)	35	0	5	0	30		0
Restricted stock granted in connection with equity incentive plan						0
Other comprehensive loss, net of tax effect	(29)	0	0	0	0	0	(29)
Issuance costs related to initial public offering	(16)	0	(16)	0	0	0	0
Balance at Jun. 30, 2015	31,827	$ 22	20,759	12,834	(1,708)	0	(80)
Balance (in Shares) at Jun. 30, 2015		2,247,589
Balance at Dec. 31, 2014	31,602	$ 22	20,770	12,599	(1,738)	0	(51)
Balance (in Shares) at Dec. 31, 2014		2,247,589
Shares purchased and retired (in shares)		(23,100)
Balance at Dec. 31, 2015	31,969	$ 22	20,466	13,253	(1,679)	0	(93)
Balance (in Shares) at Dec. 31, 2015		2,224,489
Net income	341	$ 0	0	341	0	0	0
Common stock held by ESOP committed to be allocated (2,997 shares)	39	0	8	0	31	0	0
Restricted stock granted in connection with equity incentive plan	0	$ 1	911	0	0	(912)	0
Restricted stock granted in connection with equity incentive plan (shares)		70,950
Share based compensation-restricted stock	15	$ 0	0	0	0	15	0
Share based compensation-options	10	0	10	0	0	0	0
Shares purchased and retired	(459)	$ 0	(459)	0	0	0	0
Shares purchased and retired (in shares)		(35,000)
Other comprehensive loss, net of tax effect	160	$ 0	0	0	0	0	160
Balance at Jun. 30, 2016	$ 32,075	$ 23	$ 20,936	$ 13,594	$ (1,648)	$ (897)	$ 67
Balance (in Shares) at Jun. 30, 2016		2,260,439

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Common Stock [Member]
Number of shares committed to be allocated	2,997	2,997

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 341	$ 235
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	72	60
Capitalized - interest-interest-bearing deposits	0	(5)
Amortization of securities, net	40	43
Gain on sales/call of securities, net	(3)	0
Loans originated for sale	(1,788)	(1,260)
Proceeds from sales of loans originated for sale	1,822	1,297
Gain on sales of loans	(34)	(37)
Change in deferred origination fees, costs and discounts	(145)	(2)
Depreciation and amortization	167	171
Stock based compensation expense	64	35
Increase in accrued interest receivable	(35)	(8)
Increase in bank-owned life insurance	(21)	(24)
Decrease in other assets	(68)	31
Decrease in other liabilities	(142)	(19)
Net cash provided by operating activities	270	517
Cash flows from investing activities:
Proceeds from redemption and maturities of interest-bearing time deposits	0	1,500
Purchase of Federal Home Loan Bank stock	(260)	(137)
Redemption of Federal Home Loan Bank stock	79	0
Purchases of available-for-sale securities	(3,440)	(2,787)
Proceeds from maturities/calls/pay downs of available-for-sale securities	3,167	986
Proceeds from maturities of held-to-maturity securities	15	19
Loan principal originations and collections, net	(6,389)	(9,725)
Loans purchased	(19,775)	(8,055)
Loan participations sold	5,035	1,650
Capital expenditures	(3)	(43)
Net cash used in investing activities	(21,571)	(16,592)
Cash flows from financing activities:
Net increase in demand deposits, NOW and savings accounts	3,199	2,021
Net increase (decrease) in time deposits	10,027	(1,328)
Payments on Federal Home Loan Bank long-term advances	0	(500)
Proceeds from Federal Home Loan Bank long-term advances	6,000	5,500
Net change in short-term Federal Home Loan Bank advances	0	(1,000)
Issuance costs related to initial public offering	0	(16)
Purchase and retirement of common stock	(459)	0
Net cash provided by financing activities	18,767	4,677
Net decrease in cash and cash equivalents	(2,534)	(11,398)
Cash and cash equivalents at beginning of period	10,670	18,295
Cash and cash equivalents at end of period	8,136	6,897
Supplemental disclosures:
Interest paid	725	504
Income taxes paid	$ 416	$ 83

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Nature of Operations	NOTE 1 - NATURE OF OPERATIONS Pilgrim Bancshares, Inc. (the “Company”), was incorporated in February 2014 under the laws of the State of Maryland. The Company owns all of the outstanding shares of common stock of Pilgrim Bank (the “Bank”). The Bank is a Massachusetts chartered stock bank which was incorporated in 1916 and is headquartered in Cohasset, Massachusetts. The Bank operates its business from three banking offices located in Massachusetts. The Bank is engaged principally in the business of attracting deposits from the general public and investing those deposits in residential and commercial real estate loans, and in commercial, consumer and small business loans. The Bank is subject to the regulations of, and periodic examination by, the Massachusetts Division of Banks (“DOB”) and the Federal Deposit Insurance Corporation (“the FDIC”).

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	NOTE 2 - BASIS OF PRESENTATION The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and accompanying notes required by GAAP for complete financial statements. Information included herein as of June 30, 2016 and for the interim periods ended June 30, 2016 and 2015 is unaudited; however, in the opinion of management, all adjustments considered necessary for a fair presentation have been included and were of a normal recurring nature. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the entire year or any other interim period. These statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. In preparing consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheets and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, impairment of securities and the valuation of deferred tax assets.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS As an “emerging growth company,” as defined in Title 1 of the Jumpstart Our Business Startups (JOBS) Act, the Company has elected to use the extended transition period to delay adoption of new or reissued accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, the consolidated financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards. As of June 30, 2016, there is no significant difference in the comparability of the financial statements as a result of this extended transition period. In January 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The amendments in this ASU address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments and makes targeted improvements to GAAP as follows: 1. Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same manner. 2. Simplify the impairment assessment of equity investments without determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. 3. Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 4. Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 5. Require an entity to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. 6. Require separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. 7. Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. Under the extended transition period for an emerging growth company, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of item 5 above is permitted as of beginning of the fiscal years or interim periods for which financial statements have not been issued. Early adoption of all other amendments in this ASU is not permitted. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” This ASU was issued to increase transparency and comparability among organizations by requiring reporting entities to recognize all leases, including operating, as lease assets and lease liabilities on the balance sheet and disclose key information about leasing arrangements. Under the extended transition period for an emerging growth company, the amendments in this ASU are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-based Payment Accounting.” The ASU simplifies several aspects of the accounting for share-based payment award transactions, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. Under the extended transition period for an emerging growth company, the amendments in this ASU are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. The Company is currently reviewing this ASU to determine if it will have an impact on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326).” The amendments in this ASU affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This ASU also requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of a reporting entity’s portfolio. Additionally, this ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. Under the extended transition period for an emerging growth company, the amendments in this ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. All entities may adopt the amendments in this ASU earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. An entity will apply the amendments in this ASU through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). The Company is currently reviewing the amendments in this ASU to determine the impact on its consolidated financial statements.

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (EPS)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share (EPS)	NOTE 4 - EARNINGS PER SHARE (EPS) The Company has adopted the EPS guidance included in Accounting Standards Codification (“ASC”) 260-10. As presented below, basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. For purposes of computing diluted EPS, the treasury stock method is used. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Net income (In thousands) $ 185 $ 134 $ 341 $ 235 Basic and diluted common shares: Weighted average common shares outstanding 2,189,489 2,247,589 2,193,659 2,247,589 Weighted average unallocated ESOP shares (165,571) (171,565) (166,321) (172,315) Basic weighted average shares outstanding 2,023,918 2,076,024 2,027,338 2,075,274 Dilutive potential common shares-options - - - - Dilutive effect of unearned restricted stock 72 - 62 - Diluted weighted average shares outstanding 2,023,990 2,076,024 2,027,400 2,075,274 Basic earnings per share $ 0.09 $ 0.06 $ 0.17 $ 0.11 Diluted earnings per share $ 0.09 $ 0.06 $ 0.17 $ 0.11

INVESTMENTS IN SECURITIES

INVESTMENTS IN SECURITIES	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Securities	NOTE 5 - INVESTMENTS IN SECURITIES Amortized Gross Gross Cost Unrealized Unrealized Fair Basis Gains Losses Value (In Thousands) Available-for-sale securities: June 30, 2016 (unaudited): Debt securities issued by U.S. government corporations and agencies $ 7,490 $ 51 $ - $ 7,541 Debt securities issued by states of the United States and political subdivisions of the states 2,401 43 15 2,429 Mortgage-backed securities 7,043 64 37 7,070 $ 16,934 $ 158 $ 52 $ 17,040 December 31, 2015: Debt securities issued by U.S. government corporations and agencies $ 6,339 $ 6 $ 34 $ 6,311 Debt securities issued by states of the United States and political subdivisions of the states 2,456 7 19 2,444 Mortgage-backed securities 7,908 6 113 7,801 $ 16,703 $ 19 $ 166 $ 16,556 Amortized Gross Gross Cost Unrealized Unrealized Fair Basis Gains Losses Value (In Thousands) Held-to-maturity securities: June 30, 2016 (unaudited): Mortgage-backed securities $ 110 $ 30 $ - $ 140 $ 110 $ 30 $ - $ 140 December 31, 2015: Mortgage-backed securities $ 120 $ 35 $ - $ 155 $ 120 $ 35 $ - $ 155 Available-For-Sale Held-To-Maturity Amortized Fair Cost Fair Value Basis Value (In Thousands) Due within one year $ - $ - $ - Due after one year through five years 8,374 - - Due after five years through ten years 1,325 - - Due after ten years 271 - - Mortgage-backed securities 7,070 110 140 $ 17,040 $ 110 $ 140 No available-for-sale securities were sold during the six months ended June 30, 2016 and 2015 (unaudited). As of June 30, 2016 (unaudited) and December 31, 2015, there were no securities of issuers whose aggregate carrying amount exceeded 10 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) June 30, 2016 (unaudited): Debt securities issued by U.S. government corporations and agencies $ 400 $ - $ - $ - $ 400 $ - Debt securities issued by states of the United States and political subdivisions of the states 340 10 100 5 440 15 Mortgage-backed securities 252 2 2,419 35 2,671 37 Total temporarily impaired securities $ 992 $ 12 $ 2,519 $ 40 $ 3,511 $ 52 December 31, 2015: Debt securities issued by U.S. government corporations and agencies $ 5,320 $ 21 $ 487 $ 13 $ 5,807 $ 34 Debt securities issued by states of the United States and political subdivisions of the states - - 912 19 912 19 Mortgage-backed securities 4,302 46 2,101 67 6,403 113 Total temporarily impaired securities $ 9,622 $ 67 $ 3,500 $ 99 $ 13,122 $ 166 As of June 30, 2016 (unaudited), investment securities with unrealized losses consist of one debt security issued by U.S. government agencies and government-sponsored enterprises, two debt securities issued by states of the United States and political subdivisions of the states and thirteen mortgage-backed securities. The Company reviews investments for other-than-temporary impairment using a number of factors including the length of time and the extent to which the market value has been less than cost and by examining any credit deterioration or ratings downgrades. The unrealized losses in the above tables are primarily attributable to changes in market interest rates. As Company management has the intent and ability to hold impaired debt securities until maturity, or for the foreseeable future if classified as available-for-sale, no declines are deemed to be other-than-temporary. For those debt securities for which the fair value of the security is less than its amortized cost and the Company does not intend to sell such security and it is more likely than not that it will not be required to sell such security prior to the recovery of its amortized cost basis less any credit losses, ASC 320-10, “Investments - Debt and Equity Securities,” requires that the credit component of the other-than-temporary impairment losses be recognized in earnings while the noncredit component is recognized in other comprehensive income, net of related taxes. The Company did not record any other-than-temporary impairment losses of securities during the three and six months ended June 30, 2016 and 2015.

LOANS

LOANS	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
LOANS	NOTE 6 - LOANS June 30, December 31, 2016 2015 (unaudited) (In Thousands) Real estate loans: One-to four- family residential $ 123,383 $ 104,861 Commercial 22,698 21,848 Multi-family 16,408 16,559 Home equity loans and lines of credit 2,215 2,093 Construction 21,842 18,755 Commercial and industrial loans 3,277 3,964 Consumer loans: Consumer lines of credit 21 20 Other consumer loans 2,438 3,060 192,282 171,160 Net deferred loan origination fees, costs and discounts 298 153 Allowance for loan losses (951) (886) Net loans $ 191,629 $ 170,427 Real Estate: Consumer One- to four-family Home Equity Loans Commercial and Consumer Residential Commercial Multi-family and Lines of Credit Construction Industrial Loans Line of Credit Other Consumer Unallocated Total (In Thousands) Six months ended June 30, 2016 (unaudited): Allowance for loan losses: Beginning balance $ 373 $ 146 $ 62 $ 14 $ 216 $ 13 $ 1 $ 29 $ 32 $ 886 Charge-offs - - - - - - - (7) - (7) Recoveries - - - - - - - - - - Provision (benefit) 77 (18) - (2) 14 (2) - 1 2 72 Ending balance $ 450 $ 128 $ 62 $ 12 $ 230 $ 11 $ 1 $ 23 $ 34 $ 951 Six months ended June 30, 2015 (unaudited): Allowance for loan losses: Beginning balance $ 362 $ 134 $ 36 $ 27 $ 121 $ 8 $ 1 $ 20 $ 34 $ 743 Charge-offs - - - - - - - - - - Recoveries - - - - - - - - - - (Benefit) provision (15) 1 5 (5) 81 11 - 14 (32) 60 Ending balance $ 347 $ 135 $ 41 $ 22 $ 202 $ 19 $ 1 $ 34 $ 2 $ 803 At June 30, 2016 (unaudited): Allowance for loan losses: Ending balance: Individually evaluated for impairment $ 21 $ - $ - $ - $ - $ - $ - $ - $ - $ 21 Ending balance: Collectively evaluated for impairment 429 128 62 12 230 11 1 23 34 930 Total allowance for loan losses ending balance $ 450 $ 128 $ 62 $ 12 $ 230 $ 11 $ 1 $ 23 $ 34 $ 951 Loans: Ending balance: Individually evaluated for impairment $ 5,260 $ 669 $ - $ 59 $ - $ - $ - $ - $ - $ 5,988 Ending balance: Collectively evaluated for impairment 118,123 22,029 16,408 2,156 21,842 3,277 21 2,438 - 186,294 Total loans ending balance $ 123,383 $ 22,698 $ 16,408 $ 2,215 $ 21,842 $ 3,277 $ 21 $ 2,438 $ - $ 192,282 Real Estate: Consumer One- to four-family Home Equity Loans Commercial and Consumer Residential Commercial Multi-family and Lines of Credit Construction Industrial Loans Lines of Credit Other Consumer Unallocated Total (In Thousands) December 31, 2015: Allowance for loan losses: Ending balance: Individually evaluated for impairment $ 21 $ - $ - $ - $ - $ - $ - $ - $ - $ 21 Ending balance: Collectively evaluated for impairment 352 146 62 14 216 13 1 29 32 865 Total allowance for loan losses ending balance $ 373 $ 146 $ 62 $ 14 $ 216 $ 13 $ 1 $ 29 $ 32 $ 886 Loans: Ending balance: Individually evaluated for impairment $ 5,665 $ 679 $ - $ 59 $ - $ - $ - $ - $ - $ 6,403 Ending balance: Collectively evaluated for impairment 99,196 21,169 16,559 2,034 18,755 3,964 20 3,060 - 164,757 Total loans ending balance $ 104,861 $ 21,848 $ 16,559 $ 2,093 $ 18,755 $ 3,964 $ 20 $ 3,060 $ - $ 171,160 The following tables set forth information regarding nonaccrual loans and past-due loans at June 30, 2016 (unaudited) and December 31, 2015: 90 Days 90 Days or More or More Total Total Past Due Nonaccrual 30-59 Days 60-89 Days Past Due Past Due Current Total and Accruing Loans (In Thousands) June 30, 2016 (unaudited): Real estate loans: One- to four-family residential $ 1,089 $ - $ - $ 1,089 $ 122,294 $ 123,383 $ - $ 13 Commercial 669 - - 669 22,029 22,698 - - Multi-family - - - - 16,408 16,408 - - Home equity loans and lines of credit - 59 - 59 2,156 2,215 - - Construction - - - - 21,842 21,842 - - Commercial and industrial loans - - - - 3,277 3,277 - - Consumer loans: Consumer lines of credit - - - - 21 21 - - Other consumer 6 - - 6 2,432 2,438 - - Total $ 1,764 $ 59 $ - $ 1,823 $ 190,459 $ 192,282 $ - $ 13 December 31, 2015: Real estate loans: One- to four-family residential $ 1,088 $ 18 $ 1,393 $ 2,499 $ 102,362 $ 104,861 $ - $ 1,410 Commercial - - - - 21,848 21,848 - - Multi-family - - - - 16,559 16,559 - - Home equity loans and lines of credit - 59 - 59 2,034 2,093 - - Construction - - - - 18,755 18,755 - - Commercial and industrial loans - - - - 3,964 3,964 - - Consumer loans: Consumer lines of credit - - - - 20 20 - - Other consumer 16 - - 16 3,044 3,060 - - Total $ 1,104 $ 77 $ 1,393 $ 2,574 $ 168,586 $ 171,160 $ - $ 1,410 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In Thousands) June 30, 2016 (unaudited): With no related allowance recorded: Real estate loans: One- to four-family residential $ 4,693 $ 4,693 $ - $ 3,850 $ 85 Commercial 669 669 - 674 15 Home equity loans and lines of credit 59 141 - 59 2 Total impaired with no related allowance $ 5,421 $ 5,503 $ - $ 4,583 $ 102 With an allowance recorded: Real estate loans: One- to four-family residential $ 567 $ 567 $ 21 $ 567 $ 10 Commercial - - - - - Home equity loans and lines of credit - - - - - Total impaired with an allowance recorded $ 567 $ 567 $ 21 $ 567 $ 10 Total Real estate loans: One- to four-family residential $ 5,260 $ 5,260 $ 21 $ 4,417 $ 95 Commercial 669 669 - 674 15 Home equity loans and lines of credit 59 141 - 59 2 Total impaired loans $ 5,988 $ 6,070 $ 21 $ 5,150 $ 112 December 31, 2015: With no related allowance recorded: Real estate loans: One- to four-family residential $ 5,098 $ 5,098 $ - $ 5,657 $ 183 Commercial 679 679 - 689 44 Home equity loans and lines of credit 59 141 - 54 4 Total impaired with no related allowance $ 5,836 $ 5,918 $ - $ 6,400 $ 231 With an allowance recorded: Real estate loans: One- to four-family residential $ 567 $ 567 $ 21 $ 571 $ 19 Commercial - - - - - Home equity loans and lines of credit - - - - - Total impaired with an allowance recorded $ 567 $ 567 $ 21 $ 571 $ 19 Total Real estate loans: One- to four-family residential $ 5,665 $ 5,665 $ 21 $ 6,228 $ 202 Commercial 679 679 - 689 44 Home equity loans and lines of credit 59 141 - 54 4 Total impaired loans $ 6,403 $ 6,485 $ 21 $ 6,971 $ 250 The following tables present the Company’s loans by risk rating: Real Estate: Consumer One- to four-family Home Equity Loans Commercial and Consumer Residential Commercial Multi-family and Lines of Credit Construction Industrial Loans Lines of Credit Other Consumer Total (In Thousands) June 30, 2016 (unaudited): Grade: Pass $ - $ 22,029 $ 16,408 $ - $ 21,842 $ 3,277 $ - $ - $ 63,556 Special mention 2,347 669 - 53 - - - - 3,069 Substandard 567 - - 6 - - - - 573 Loans not formally rated 120,469 - - 2,156 - - 21 2,438 125,084 Total $ 123,383 $ 22,698 $ 16,408 $ 2,215 $ 21,842 $ 3,277 $ 21 $ 2,438 $ 192,282 December 31, 2015: Grade: Pass $ - $ 21,169 $ 16,559 $ - $ 18,755 $ 3,964 $ - $ - $ 60,447 Special mention 539 - - 53 - - - - 592 Substandard 3,796 679 - 6 - - - - 4,481 Loans not formally rated 100,526 - - 2,034 - - 20 3,060 105,640 Total $ 104,861 $ 21,848 $ 16,559 $ 2,093 $ 18,755 $ 3,964 $ 20 $ 3,060 $ 171,160 At June 30, 2016 (unaudited) and December 31, 2015, there were no loans rated “doubtful” or “loss.” Credit Quality Information The Company utilizes a seven grade internal loan rating system for commercial real estate, construction and commercial loans as follows: Loans rated 1 - 3: Loans in these categories are considered “pass” rated loans with low to average risk. Loans rated 4: Loans in this category are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management. Loans rated 5: Loans in this category are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected. Loans rated 6: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Loans rated 7: Loans in this category are considered uncollectible (“loss”) and of such little value that their continuance as loans is not warranted. On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial real estate, construction and commercial loans. For residential real estate and consumer loans, the Company initially assesses credit quality based upon the borrower’s ability to pay and subsequently monitors these loans based on the borrower’s payment activity. The Company classifies loans modified as troubled debt restructurings (TDRs) as impaired loans with an allowance established as part of the allocated component of the allowance for loan losses when the discounted cash flows or value of the underlying collateral of the impaired loan is lower than its carrying value. Pre-Modification Post-Modification Number of Outstanding Recorded Outstanding Recorded Contracts Investment Investment (Dollars In Thousands) June 30, 2016: Troubled Debt Restructurings: Real estate loans: One- to four- family residential 3 $ 2,121 $ 2,121 Home equity loans and lines of credit 2 59 59 5 $ 2,180 $ 2,180 At June 30, 2016 there were no loans modified as TDRs that subsequently defaulted. As of June 30, 2016 (unaudited), there were no commitments to lend additional funds to borrowers whose loans were modified as troubled debt restructurings. Rate Interest Only Rate Reduction and Reduction Period Interest Only Period (In Thousands) June 30, 2016 Real estate loans: One- to four- family residential $ - $ 2,121 $ - Home equity loans and lines of credit - 59 - Total $ - $ 2,180 $ - An analysis of the loans modified as TDRs was performed as of June 30, 2016. An allowance of $21,000 was assigned to 1 one-to-four family residential loan. All loans were accruing. Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of mortgage and other loans serviced for others were $ 27.4 21.8 On March 25, 2106, the Company entered into an agreement to purchase $ 20.0 8.5

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
DEPOSITS	NOTE 7 – DEPOSITS The aggregate amount of time deposits in denominations that meet or exceed the Federal Deposit Insurance Corporation (FDIC) insurance limit of $250,000 at June 30, 2016 (unaudited) and December 31, 2015 was $ 24.4 20.9 5.0 (In Thousands) 2017 $ 57,366 2018 21,701 2019 4,137 2020 1,694 2021 8,379 Total $ 93,277

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
FEDERAL HOME LOAN BANK ADVANCES	NOTE 8 - FEDERAL HOME LOAN BANK ADVANCES (In Thousands) 2017 $ 2,500 2018 3,000 2019 - 2020 - 2021 - Thereafter 9,000 $ 14,500 Interest rates range from 0.49 1.36 0.88 Borrowings from the FHLB are secured by a blanket lien on qualified collateral, consisting primarily of loans with first mortgages secured by one-to-four family properties, certain unencumbered investment securities and other qualified assets.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 9 - FAIR VALUE MEASUREMENTS ASC 820-10, “Fair Value Measurement - Overall,” provides a framework for measuring fair value under generally accepted accounting principles. This guidance also allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis. In accordance with ASC 820-10, the Company groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 - Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 - Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or comparable assets or liabilities. Level 3 - Valuations for assets and liabilities that are derived from other methodologies, including option pricing models, discounted cash flow models and similar techniques, are not based on market exchange, dealer, or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets and liabilities. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company’s financial assets and financial liabilities carried at fair value as of June 30, 2016 (unaudited) and December 31, 2015. The Company did not have any significant transfers between level 1 and level 2 of the fair value hierarchy during the six months ended June 30, 2016 (unaudited) and the year ended December 31, 2015. The Company’s investment in mortgage-backed securities and other debt securities available-for-sale is generally classified within level 2 of the fair value hierarchy. For these securities, we obtain fair value measurements from independent pricing services. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information and the instrument’s terms and conditions. Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. Subsequent to inception, management only changes level 3 inputs and assumptions when corroborated by evidence such as transactions in similar instruments, completed or pending third-party transactions in the underlying investment or comparable entities, subsequent rounds of financing, recapitalization and other transactions across the capital structure, offerings in the equity or debt markets, and changes in financial ratios or cash flows. The Company’s impaired loans are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. Collateral values are estimated using level 2 inputs based upon appraisals of similar properties obtained from a third party. For level 3 inputs, fair value is based upon management estimates of the value of the underlying collateral or the present value of the expected cash flows. The following summarizes assets measured at fair value as of June 30, 2016 (unaudited) and December 31, 2015. Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) June 30, 2016 (unaudited) : Debt securities issued by U.S. government corporations and agencies $ 7,541 $ - $ 7,541 $ - Debt securities issued by states of the United States and political subdivisions of the states 2,429 - 2,429 - Mortgage-backed securities 7,070 - 7,070 - Totals $ 17,040 $ - $ 17,040 $ - December 31, 2015 : Debt securities issued by U.S. government corporations and agencies $ 6,311 $ - $ 6,311 $ - Debt securities issued by states of the United States and political subdivisions of the states 2,444 - 2,444 - Mortgage-backed securities 7,801 - 7,801 - Totals $ 16,556 $ - $ 16,556 $ - Under certain circumstances we make adjustments to fair value for certain assets and liabilities although they are not measured at fair value on an ongoing basis. The following table presents assets carried on the consolidated balance sheets by caption and by level in the fair value hierarchy at June 30, 2016 (unaudited) and December 31, 2015, for which a nonrecurring change in fair value has been recorded: Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) June 30, 2016 (unaudited): Impaired loans $ 546 $ - $ - $ 546 Totals $ 546 $ - $ - $ 546 December 31, 2015: Impaired loans $ 546 $ - $ - $ 546 Totals $ 546 $ - $ - $ 546 June 30, 2016 (unaudited) Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 8,136 $ 8,136 $ - $ - $ 8,136 Interest-bearing time deposits with other banks 1,087 - 1,087 - 1,087 Available-for-sale securities 17,040 - 17,040 - 17,040 Held-to-maturity securities 110 - 140 - 140 Federal Home Loan Bank stock 1,152 1,152 - - 1,152 Investment in The Co-operative Central Reserve Fund 384 384 - - 384 Loans, net 191,629 - - 193,613 193,613 Accrued interest receivable 543 543 - - 543 Financial liabilities: Deposits 182,598 - 183,198 - 183,198 FHLB advances 14,500 - 14,512 - 14,512 December 31, 2015 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 10,670 $ 10,670 $ - $ - $ 10,670 Interest-bearing time deposits with other banks 1,087 - 1,086 - 1,086 Available-for-sale securities 16,556 - 16,556 - 16,556 Held-to-maturity securities 120 - 155 - 155 Federal Home Loan Bank stock 971 971 - - 971 Investment in The Co-operative Central Reserve Fund 384 384 - - 384 Loans, net 170,427 - - 171,150 171,150 Accrued interest receivable 508 508 - - 508 Financial liabilities: Deposits 169,372 - 170,134 - 170,134 FHLB advances 8,500 - 8,458 - 8,458 The carrying amounts of financial instruments shown in the above table are included in the consolidated balance sheets as of June 30, 2016 (unaudited) and December 31, 2015 under the indicated captions. Accounting policies related to financial instruments are described below. ASC 825, “Financial Instruments,” requires that the Company disclose estimated fair values for its financial instruments. Fair value methods and assumptions used by the Company in estimating its fair value disclosures are as follows: Cash and cash equivalents: The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents approximate those assets' fair values. Interest-bearing time deposits with other banks: The fair value of interest-bearing time deposits with other banks was determined by discounting the cash flows associated with these instruments using current market rates for deposits with similar characteristics. Securities: Fair values for securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments. Loans receivable: For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair values for other loans are estimated by discounting the future cash flows, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Accrued interest receivable: The carrying amount of accrued interest receivable approximates its fair value. Deposit liabilities: The fair values disclosed for demand deposits, regular savings, NOW accounts, and money market accounts are equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits. Federal Home Loan Bank advances: Fair values for Federal Home Loan Bank advances are estimated using a discounted cash flow technique that applies interest rates currently being offered on advances to a schedule of aggregated expected monthly maturities on Federal Home Loan Bank advances. Off-balance sheet instruments: The fair value of commitments to originate loans is estimated using the fees currently charged to enter similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments and the unadvanced portion of loans, fair value also considers the difference between current levels of interest rates and the committed rates.

REGULATORY CAPITAL

REGULATORY CAPITAL	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Regulatory Capital	NOTE 10 – REGULATORY CAPITAL The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Effective January 1, 2015 (with a phase-in period of two to four years for certain components), the Bank became subject to new capital regulations adopted by the Board of Governors of the Federal Reserve System (“FRB”) and the FDIC, which implement the Basel III regulatory capital reforms and the changes required by the Dodd-Frank Act. The new regulations require a new common equity Tier 1 (“CET1”) capital ratio of 4.5 6.0 4.0 8.0 4.0 6.5 8.0 6.0 10.0 5.0 0.625 0.625 2.5 The new regulations also changed the risk weights of certain assets, including an increase in the risk weight of certain high volatility commercial real estate acquisition, development and construction loans and non-residential mortgage loans that are 90 days past due or on non-accrual status to 150 100 20 0 250 100 600 100 Management believes, as of June 30, 2016, that the Bank meets all capital adequacy requirements to which it is subject. As of June 30, 2016 (unaudited), the most recent notification from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier 1 risk-based, Common Equity risk-based, and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since that notification that management believes have changed the Bank’s category. To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars In Thousands) As of June 30, 2016 (unaudited) : Total Capital (to Risk Weighted Assets) $ 23,560 14.7 % $ 12,858 8.0 % $ 16,073 10.0 % Tier 1 Capital (to Risk Weighted Assets) 22,598 14.1 9,644 6.0 12,858 8.0 Common Equity Tier 1 Capital (to Risk Weighted Assets) 22,598 14.1 7,233 4.5 10,447 6.5 Tier 1 Capital (to Average Assets) 22,598 10.1 8,959 4.0 11,199 5.0 As of December 31, 2015: Total Capital (to Risk Weighted Assets) $ 23,066 16.2 % $ 11,408 8.0 % $ 14,260 10.0 % Tier 1 Capital (to Risk Weighted Assets) 22,171 15.6 8,556 6.0 11,408 8.0 Common Equity Tier 1 Capital (to Risk Weighted Assets) 22,171 15.6 6,417 4.5 9,269 6.5 Tier 1 Capital (to Average Assets) 22,171 10.9 8,169 4.0 10,211 5.0

COMMON STOCK REPURCHASES

COMMON STOCK REPURCHASES	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Common Stock Repurchases	NOTE 11 – COMMON STOCK REPURCHASES On November 24, 2015, the Board of Directors of the Company authorized a stock repurchase program pursuant to which the Company may purchase up to 89,903 4.0 In 2015, the Company repurchased 23,100 12.89 During the six month period ending June 30, 2016 (unaudited), a total of 35,000 13.12

EQUITY INCENTIVE PLANS

EQUITY INCENTIVE PLANS	6 Months Ended
	Jun. 30, 2016
Equity Incentive Plans [Abstract]
EQUITY INCENTIVE PLANS	NOTE 12 – EQUITY INCENTIVE PLANS On November 24, 2015, stockholders of the Company approved the 2015 Equity Incentive Plan (“2015 EIP”). The 2015 EIP provides for the award of up to 314,661 70,950 169,500 70,950 47,600 23,350 169,500 122,500 47,000 18,953 55,258 The fair value of each option awarded for the 2015 EIP is estimated on the date of the grant using the Black-Scholes Option-Pricing Model. The expected life represents the period of time that the option is expected to be outstanding, taking into account the contractual term and the vesting period. The expected volatility is based on peer group volatility because the Company does not have sufficient trading history. The dividend yield is based on the Company’s expectation of no dividend payouts. The risk-free rate was based on the U.S. Treasury yield curve in effect at the date of the grant for a period equivalent to the expected life of the option. The weighted average assumptions used and fair value for options granted during the six months ended June 30, 2016 are as follows: Stock Option Assumptions Expected life (years) 6.40 years Expected dividend yield 0 % Expected volatility 20.24 % Expected forfeiture rate 0 % Risk free rate 1.67 % Fair value per option $ 3.17 Stock Options 2016 Number of Shares Outstanding at beginning of period - Granted 169,500 Outstanding at end of period 169,500 Exercisable at end of period - Weighted average fair value of options granted during the period $ 3.17 Weighted average contractual life remaining 9.9 years Weighted average exercise price $ 12.85 Non-vested Restricted 2016 Number of Shares Outstanding at beginning of period - Granted 70,950 Outstanding at end of period 70,950 Weighted average grant date fair value $ 12.85 As of June 30, 2016, unrecognized share-based compensation expense related to non-vested options amounted to $ 527,000 897,000 4.7 For the three and six months ended June 30, 2016, the Company recognized compensation expense for stock options of $ 10,000, 1,000 15,000 6,000

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, the Bank, and the Bank’s wholly-owned subsidiaries, 48 South Main Street Corporation, which was formed to hold securities for its own account; 40 South Main Street Realty Trust, which was formed to hold our main office; and 800 CJC Realty Corporation, which was formed to invest in and develop residential and commercial property. All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and accompanying notes required by GAAP for complete financial statements. Information included herein as of June 30, 2016 and for the interim periods ended June 30, 2016 and 2015 is unaudited; however, in the opinion of management, all adjustments considered necessary for a fair presentation have been included and were of a normal recurring nature. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the entire year or any other interim period. These statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. In preparing consolidated financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheets and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, impairment of securities and the valuation of deferred tax assets.
New Accounting Pronouncements, Policy	As an “emerging growth company,” as defined in Title 1 of the Jumpstart Our Business Startups (JOBS) Act, the Company has elected to use the extended transition period to delay adoption of new or reissued accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, the consolidated financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards. As of June 30, 2016, there is no significant difference in the comparability of the financial statements as a result of this extended transition period. In January 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The amendments in this ASU address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments and makes targeted improvements to GAAP as follows: 1. Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same manner. 2. Simplify the impairment assessment of equity investments without determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. 3. Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 4. Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 5. Require an entity to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. 6. Require separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. 7. Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. Under the extended transition period for an emerging growth company, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of item 5 above is permitted as of beginning of the fiscal years or interim periods for which financial statements have not been issued. Early adoption of all other amendments in this ASU is not permitted. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” This ASU was issued to increase transparency and comparability among organizations by requiring reporting entities to recognize all leases, including operating, as lease assets and lease liabilities on the balance sheet and disclose key information about leasing arrangements. Under the extended transition period for an emerging growth company, the amendments in this ASU are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-based Payment Accounting.” The ASU simplifies several aspects of the accounting for share-based payment award transactions, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. Under the extended transition period for an emerging growth company, the amendments in this ASU are effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018. The Company is currently reviewing this ASU to determine if it will have an impact on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326).” The amendments in this ASU affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This ASU also requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of a reporting entity’s portfolio. Additionally, this ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. Under the extended transition period for an emerging growth company, the amendments in this ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. All entities may adopt the amendments in this ASU earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. An entity will apply the amendments in this ASU through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). The Company is currently reviewing the amendments in this ASU to determine the impact on its consolidated financial statements.

EARNINGS PER SHARE (EPS) (Table

EARNINGS PER SHARE (EPS) (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Summary of Earnings Per Share	EPS for the three and six months ended June 30, 2016 and 2015 (unaudited) have been computed based on the following: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Net income (In thousands) $ 185 $ 134 $ 341 $ 235 Basic and diluted common shares: Weighted average common shares outstanding 2,189,489 2,247,589 2,193,659 2,247,589 Weighted average unallocated ESOP shares (165,571) (171,565) (166,321) (172,315) Basic weighted average shares outstanding 2,023,918 2,076,024 2,027,338 2,075,274 Dilutive potential common shares-options - - - - Dilutive effect of unearned restricted stock 72 - 62 - Diluted weighted average shares outstanding 2,023,990 2,076,024 2,027,400 2,075,274 Basic earnings per share $ 0.09 $ 0.06 $ 0.17 $ 0.11 Diluted earnings per share $ 0.09 $ 0.06 $ 0.17 $ 0.11

INVESTMENTS IN SECURITIES (Tabl

INVESTMENTS IN SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Values of Securities	Investments in securities have been classified in the consolidated balance sheets according to management’s intent. The amortized cost basis of securities and their approximate fair values are as follows: Amortized Gross Gross Cost Unrealized Unrealized Fair Basis Gains Losses Value (In Thousands) Available-for-sale securities: June 30, 2016 (unaudited): Debt securities issued by U.S. government corporations and agencies $ 7,490 $ 51 $ - $ 7,541 Debt securities issued by states of the United States and political subdivisions of the states 2,401 43 15 2,429 Mortgage-backed securities 7,043 64 37 7,070 $ 16,934 $ 158 $ 52 $ 17,040 December 31, 2015: Debt securities issued by U.S. government corporations and agencies $ 6,339 $ 6 $ 34 $ 6,311 Debt securities issued by states of the United States and political subdivisions of the states 2,456 7 19 2,444 Mortgage-backed securities 7,908 6 113 7,801 $ 16,703 $ 19 $ 166 $ 16,556 Amortized Gross Gross Cost Unrealized Unrealized Fair Basis Gains Losses Value (In Thousands) Held-to-maturity securities: June 30, 2016 (unaudited): Mortgage-backed securities $ 110 $ 30 $ - $ 140 $ 110 $ 30 $ - $ 140 December 31, 2015: Mortgage-backed securities $ 120 $ 35 $ - $ 155 $ 120 $ 35 $ - $ 155
Scheduled Maturities of Debt Securities	The scheduled maturities of debt securities were as follows as of June 30, 2016 (unaudited): Available-For-Sale Held-To-Maturity Amortized Fair Cost Fair Value Basis Value (In Thousands) Due within one year $ - $ - $ - Due after one year through five years 8,374 - - Due after five years through ten years 1,325 - - Due after ten years 271 - - Mortgage-backed securities 7,070 110 140 $ 17,040 $ 110 $ 140
Schedule of Aggregate Fair Value and Unrealized Losses of Securities	The aggregate fair value and unrealized losses of securities that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more, and are not other-than-temporarily impaired, are as follows: Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) June 30, 2016 (unaudited): Debt securities issued by U.S. government corporations and agencies $ 400 $ - $ - $ - $ 400 $ - Debt securities issued by states of the United States and political subdivisions of the states 340 10 100 5 440 15 Mortgage-backed securities 252 2 2,419 35 2,671 37 Total temporarily impaired securities $ 992 $ 12 $ 2,519 $ 40 $ 3,511 $ 52 December 31, 2015: Debt securities issued by U.S. government corporations and agencies $ 5,320 $ 21 $ 487 $ 13 $ 5,807 $ 34 Debt securities issued by states of the United States and political subdivisions of the states - - 912 19 912 19 Mortgage-backed securities 4,302 46 2,101 67 6,403 113 Total temporarily impaired securities $ 9,622 $ 67 $ 3,500 $ 99 $ 13,122 $ 166

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of Loans	Loans consisted of the following: June 30, December 31, 2016 2015 (unaudited) (In Thousands) Real estate loans: One-to four- family residential $ 123,383 $ 104,861 Commercial 22,698 21,848 Multi-family 16,408 16,559 Home equity loans and lines of credit 2,215 2,093 Construction 21,842 18,755 Commercial and industrial loans 3,277 3,964 Consumer loans: Consumer lines of credit 21 20 Other consumer loans 2,438 3,060 192,282 171,160 Net deferred loan origination fees, costs and discounts 298 153 Allowance for loan losses (951) (886) Net loans $ 191,629 $ 170,427
Schedule of Allowance for Loan Losses	The following tables set forth information regarding the allowance for loan losses for the six months ended June 30, 2016 and 2015 (unaudited) and at June 30, 2016 (unaudited) and December 31, 2015: Real Estate: Consumer One- to four-family Home Equity Loans Commercial and Consumer Residential Commercial Multi-family and Lines of Credit Construction Industrial Loans Line of Credit Other Consumer Unallocated Total (In Thousands) Six months ended June 30, 2016 (unaudited): Allowance for loan losses: Beginning balance $ 373 $ 146 $ 62 $ 14 $ 216 $ 13 $ 1 $ 29 $ 32 $ 886 Charge-offs - - - - - - - (7) - (7) Recoveries - - - - - - - - - - Provision (benefit) 77 (18) - (2) 14 (2) - 1 2 72 Ending balance $ 450 $ 128 $ 62 $ 12 $ 230 $ 11 $ 1 $ 23 $ 34 $ 951 Six months ended June 30, 2015 (unaudited): Allowance for loan losses: Beginning balance $ 362 $ 134 $ 36 $ 27 $ 121 $ 8 $ 1 $ 20 $ 34 $ 743 Charge-offs - - - - - - - - - - Recoveries - - - - - - - - - - (Benefit) provision (15) 1 5 (5) 81 11 - 14 (32) 60 Ending balance $ 347 $ 135 $ 41 $ 22 $ 202 $ 19 $ 1 $ 34 $ 2 $ 803 At June 30, 2016 (unaudited): Allowance for loan losses: Ending balance: Individually evaluated for impairment $ 21 $ - $ - $ - $ - $ - $ - $ - $ - $ 21 Ending balance: Collectively evaluated for impairment 429 128 62 12 230 11 1 23 34 930 Total allowance for loan losses ending balance $ 450 $ 128 $ 62 $ 12 $ 230 $ 11 $ 1 $ 23 $ 34 $ 951 Loans: Ending balance: Individually evaluated for impairment $ 5,260 $ 669 $ - $ 59 $ - $ - $ - $ - $ - $ 5,988 Ending balance: Collectively evaluated for impairment 118,123 22,029 16,408 2,156 21,842 3,277 21 2,438 - 186,294 Total loans ending balance $ 123,383 $ 22,698 $ 16,408 $ 2,215 $ 21,842 $ 3,277 $ 21 $ 2,438 $ - $ 192,282 Real Estate: Consumer One- to four-family Home Equity Loans Commercial and Consumer Residential Commercial Multi-family and Lines of Credit Construction Industrial Loans Lines of Credit Other Consumer Unallocated Total (In Thousands) December 31, 2015: Allowance for loan losses: Ending balance: Individually evaluated for impairment $ 21 $ - $ - $ - $ - $ - $ - $ - $ - $ 21 Ending balance: Collectively evaluated for impairment 352 146 62 14 216 13 1 29 32 865 Total allowance for loan losses ending balance $ 373 $ 146 $ 62 $ 14 $ 216 $ 13 $ 1 $ 29 $ 32 $ 886 Loans: Ending balance: Individually evaluated for impairment $ 5,665 $ 679 $ - $ 59 $ - $ - $ - $ - $ - $ 6,403 Ending balance: Collectively evaluated for impairment 99,196 21,169 16,559 2,034 18,755 3,964 20 3,060 - 164,757 Total loans ending balance $ 104,861 $ 21,848 $ 16,559 $ 2,093 $ 18,755 $ 3,964 $ 20 $ 3,060 $ - $ 171,160
Schedule of Nonaccrual Loans and Past-Due Loans	90 Days 90 Days or More or More Total Total Past Due Nonaccrual 30-59 Days 60-89 Days Past Due Past Due Current Total and Accruing Loans (In Thousands) June 30, 2016 (unaudited): Real estate loans: One- to four-family residential $ 1,089 $ - $ - $ 1,089 $ 122,294 $ 123,383 $ - $ 13 Commercial 669 - - 669 22,029 22,698 - - Multi-family - - - - 16,408 16,408 - - Home equity loans and lines of credit - 59 - 59 2,156 2,215 - - Construction - - - - 21,842 21,842 - - Commercial and industrial loans - - - - 3,277 3,277 - - Consumer loans: Consumer lines of credit - - - - 21 21 - - Other consumer 6 - - 6 2,432 2,438 - - Total $ 1,764 $ 59 $ - $ 1,823 $ 190,459 $ 192,282 $ - $ 13 December 31, 2015: Real estate loans: One- to four-family residential $ 1,088 $ 18 $ 1,393 $ 2,499 $ 102,362 $ 104,861 $ - $ 1,410 Commercial - - - - 21,848 21,848 - - Multi-family - - - - 16,559 16,559 - - Home equity loans and lines of credit - 59 - 59 2,034 2,093 - - Construction - - - - 18,755 18,755 - - Commercial and industrial loans - - - - 3,964 3,964 - - Consumer loans: Consumer lines of credit - - - - 20 20 - - Other consumer 16 - - 16 3,044 3,060 - - Total $ 1,104 $ 77 $ 1,393 $ 2,574 $ 168,586 $ 171,160 $ - $ 1,410
Schedule of Impaired Loan	Information about loans that meet the definition of an impaired loan in ASC 310-10-35, “Receivables – Overall – Subsequent Measurement,” is as follows at June 30, 2016 (unaudited) and December 31, 2015 and the six months and year then ended, respectively. Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In Thousands) June 30, 2016 (unaudited): With no related allowance recorded: Real estate loans: One- to four-family residential $ 4,693 $ 4,693 $ - $ 3,850 $ 85 Commercial 669 669 - 674 15 Home equity loans and lines of credit 59 141 - 59 2 Total impaired with no related allowance $ 5,421 $ 5,503 $ - $ 4,583 $ 102 With an allowance recorded: Real estate loans: One- to four-family residential $ 567 $ 567 $ 21 $ 567 $ 10 Commercial - - - - - Home equity loans and lines of credit - - - - - Total impaired with an allowance recorded $ 567 $ 567 $ 21 $ 567 $ 10 Total Real estate loans: One- to four-family residential $ 5,260 $ 5,260 $ 21 $ 4,417 $ 95 Commercial 669 669 - 674 15 Home equity loans and lines of credit 59 141 - 59 2 Total impaired loans $ 5,988 $ 6,070 $ 21 $ 5,150 $ 112 December 31, 2015: With no related allowance recorded: Real estate loans: One- to four-family residential $ 5,098 $ 5,098 $ - $ 5,657 $ 183 Commercial 679 679 - 689 44 Home equity loans and lines of credit 59 141 - 54 4 Total impaired with no related allowance $ 5,836 $ 5,918 $ - $ 6,400 $ 231 With an allowance recorded: Real estate loans: One- to four-family residential $ 567 $ 567 $ 21 $ 571 $ 19 Commercial - - - - - Home equity loans and lines of credit - - - - - Total impaired with an allowance recorded $ 567 $ 567 $ 21 $ 571 $ 19 Total Real estate loans: One- to four-family residential $ 5,665 $ 5,665 $ 21 $ 6,228 $ 202 Commercial 679 679 - 689 44 Home equity loans and lines of credit 59 141 - 54 4 Total impaired loans $ 6,403 $ 6,485 $ 21 $ 6,971 $ 250
Schedule of Loans by Risk Rating	Real Estate: Consumer One- to four-family Home Equity Loans Commercial and Consumer Residential Commercial Multi-family and Lines of Credit Construction Industrial Loans Lines of Credit Other Consumer Total (In Thousands) June 30, 2016 (unaudited): Grade: Pass $ - $ 22,029 $ 16,408 $ - $ 21,842 $ 3,277 $ - $ - $ 63,556 Special mention 2,347 669 - 53 - - - - 3,069 Substandard 567 - - 6 - - - - 573 Loans not formally rated 120,469 - - 2,156 - - 21 2,438 125,084 Total $ 123,383 $ 22,698 $ 16,408 $ 2,215 $ 21,842 $ 3,277 $ 21 $ 2,438 $ 192,282 December 31, 2015: Grade: Pass $ - $ 21,169 $ 16,559 $ - $ 18,755 $ 3,964 $ - $ - $ 60,447 Special mention 539 - - 53 - - - - 592 Substandard 3,796 679 - 6 - - - - 4,481 Loans not formally rated 100,526 - - 2,034 - - 20 3,060 105,640 Total $ 104,861 $ 21,848 $ 16,559 $ 2,093 $ 18,755 $ 3,964 $ 20 $ 3,060 $ 171,160
Schedule of Troubled Debt Restructuring, Current Period	Pre-Modification Post-Modification Number of Outstanding Recorded Outstanding Recorded Contracts Investment Investment (Dollars In Thousands) June 30, 2016: Troubled Debt Restructurings: Real estate loans: One- to four- family residential 3 $ 2,121 $ 2,121 Home equity loans and lines of credit 2 59 59 5 $ 2,180 $ 2,180 The following table provides information on how loans were modified as TDRs: Rate Interest Only Rate Reduction and Reduction Period Interest Only Period (In Thousands) June 30, 2016 Real estate loans: One- to four- family residential $ - $ 2,121 $ - Home equity loans and lines of credit - 59 - Total $ - $ 2,180 $ -

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Summary of Scheduled Maturities of Time Deposits	For time deposits as of June 30, 2016 (unaudited), the scheduled maturities for each of the following five years ended June 30 are: (In Thousands) 2017 $ 57,366 2018 21,701 2019 4,137 2020 1,694 2021 8,379 Total $ 93,277

FEDERAL HOME LOAN BANK ADVANC26

FEDERAL HOME LOAN BANK ADVANCES (Tables)	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Summary of Maturities of Advances from the Federal Home Loan Bank ("FHLB") of Boston	Maturities of advances from the Federal Home Loan Bank of Boston (“FHLB”) for the years ending after June 30, 2016 (unaudited) are summarized as follows: (In Thousands) 2017 $ 2,500 2018 3,000 2019 - 2020 - 2021 - Thereafter 9,000 $ 14,500

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Summary of Assets Measured at Fair Value on a Recurring Basis	ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) June 30, 2016 (unaudited) : Debt securities issued by U.S. government corporations and agencies $ 7,541 $ - $ 7,541 $ - Debt securities issued by states of the United States and political subdivisions of the states 2,429 - 2,429 - Mortgage-backed securities 7,070 - 7,070 - Totals $ 17,040 $ - $ 17,040 $ - December 31, 2015 : Debt securities issued by U.S. government corporations and agencies $ 6,311 $ - $ 6,311 $ - Debt securities issued by states of the United States and political subdivisions of the states 2,444 - 2,444 - Mortgage-backed securities 7,801 - 7,801 - Totals $ 16,556 $ - $ 16,556 $ -
Summary of Assets Measured at Fair Value on a Nonrecurring Basis	ASSETS MEASURED AT FAIR VALUE ON A NONRECURRING BASIS Under certain circumstances we make adjustments to fair value for certain assets and liabilities although they are not measured at fair value on an ongoing basis. The following table presents assets carried on the consolidated balance sheets by caption and by level in the fair value hierarchy at June 30, 2016 (unaudited) and December 31, 2015, for which a nonrecurring change in fair value has been recorded: Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) June 30, 2016 (unaudited): Impaired loans $ 546 $ - $ - $ 546 Totals $ 546 $ - $ - $ 546 December 31, 2015: Impaired loans $ 546 $ - $ - $ 546 Totals $ 546 $ - $ - $ 546
Schedule of Estimated Fair Values of Financial Instruments Held or Issued for Purposes Other Than Trading	June 30, 2016 (unaudited) Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 8,136 $ 8,136 $ - $ - $ 8,136 Interest-bearing time deposits with other banks 1,087 - 1,087 - 1,087 Available-for-sale securities 17,040 - 17,040 - 17,040 Held-to-maturity securities 110 - 140 - 140 Federal Home Loan Bank stock 1,152 1,152 - - 1,152 Investment in The Co-operative Central Reserve Fund 384 384 - - 384 Loans, net 191,629 - - 193,613 193,613 Accrued interest receivable 543 543 - - 543 Financial liabilities: Deposits 182,598 - 183,198 - 183,198 FHLB advances 14,500 - 14,512 - 14,512 December 31, 2015 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 10,670 $ 10,670 $ - $ - $ 10,670 Interest-bearing time deposits with other banks 1,087 - 1,086 - 1,086 Available-for-sale securities 16,556 - 16,556 - 16,556 Held-to-maturity securities 120 - 155 - 155 Federal Home Loan Bank stock 971 971 - - 971 Investment in The Co-operative Central Reserve Fund 384 384 - - 384 Loans, net 170,427 - - 171,150 171,150 Accrued interest receivable 508 508 - - 508 Financial liabilities: Deposits 169,372 - 170,134 - 170,134 FHLB advances 8,500 - 8,458 - 8,458

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	6 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Schedule of Bank's Actual Capital Amounts and Ratios	To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars In Thousands) As of June 30, 2016 (unaudited) : Total Capital (to Risk Weighted Assets) $ 23,560 14.7 % $ 12,858 8.0 % $ 16,073 10.0 % Tier 1 Capital (to Risk Weighted Assets) 22,598 14.1 9,644 6.0 12,858 8.0 Common Equity Tier 1 Capital (to Risk Weighted Assets) 22,598 14.1 7,233 4.5 10,447 6.5 Tier 1 Capital (to Average Assets) 22,598 10.1 8,959 4.0 11,199 5.0 As of December 31, 2015: Total Capital (to Risk Weighted Assets) $ 23,066 16.2 % $ 11,408 8.0 % $ 14,260 10.0 % Tier 1 Capital (to Risk Weighted Assets) 22,171 15.6 8,556 6.0 11,408 8.0 Common Equity Tier 1 Capital (to Risk Weighted Assets) 22,171 15.6 6,417 4.5 9,269 6.5 Tier 1 Capital (to Average Assets) 22,171 10.9 8,169 4.0 10,211 5.0

EQUITY INCENTIVE PLANS (Tables)

EQUITY INCENTIVE PLANS (Tables)	6 Months Ended
	Jun. 30, 2016
Equity Incentive Plans [Abstract]
Schedule of Weighted Average Assumptions	Stock Option Assumptions Expected life (years) 6.40 years Expected dividend yield 0 % Expected volatility 20.24 % Expected forfeiture rate 0 % Risk free rate 1.67 % Fair value per option $ 3.17
Schedule of Equity Incentive Plan	A summary of activity for the 2015 Equity Incentive Plan as of and for the six months ended June 30, 2016 is as follows: Stock Options 2016 Number of Shares Outstanding at beginning of period - Granted 169,500 Outstanding at end of period 169,500 Exercisable at end of period - Weighted average fair value of options granted during the period $ 3.17 Weighted average contractual life remaining 9.9 years Weighted average exercise price $ 12.85
Schedule of Non-vested Restricted Stock	Non-vested Restricted 2016 Number of Shares Outstanding at beginning of period - Granted 70,950 Outstanding at end of period 70,950 Weighted average grant date fair value $ 12.85

NATURE OF OPERATIONS - Addition

NATURE OF OPERATIONS - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016
Organization and Nature of Operations [Line Items]
Entity Incorporation, State Country Name	Maryland
Entity Incorporation, Date of Incorporation	Feb. 28, 2014

EARNINGS PER SHARE (EPS) - Summ

EARNINGS PER SHARE (EPS) - Summary of Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income (In thousands)	$ 185	$ 134	$ 341	$ 235
Basic and diluted common shares:
Weighted average common shares outstanding	2,189,489	2,247,589	2,193,659	2,247,589
Weighted average unallocated ESOP shares	(165,571)	(171,565)	(166,321)	(172,315)
Basic weighted average shares outstanding	2,023,918	2,076,024	2,027,338	2,075,274
Diluted weighted average shares outstanding	2,023,990	2,076,024	2,027,400	2,075,274
Basic earnings per share	$ 0.09	$ 0.06	$ 0.17	$ 0.11
Diluted earnings per share	$ 0.09	$ 0.06	$ 0.17	$ 0.11
Restricted Stock [Member]
Basic and diluted common shares:
Weighted Average Number Diluted Shares Outstanding Adjustment	72	0	62	0
Employee Stock Option [Member]
Basic and diluted common shares:
Weighted Average Number Diluted Shares Outstanding Adjustment	0	0	0	0

INVESTMENTS IN SECURITIES - Sch

INVESTMENTS IN SECURITIES - Schedule of Amortized Cost and Fair Values of Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost Basis	$ 16,934	$ 16,703
Available-for-sale securities, Gross Unrealized Gains	158	19
Available-for-sale securities, Gross Unrealized Losses	52	166
Available-for-sale securities, Fair Value	17,040	16,556
Held-to-maturity securities, Amortized Cost Basis	110	120
Held-to-maturity securities, Gross Unrealized Gains	30	35
Held-to-maturity securities, Gross Unrealized Losses	0	0
Held-to-maturity securities, Fair Value	140	155
Debt securities issued by U.S. government corporations and agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost Basis	7,490	6,339
Available-for-sale securities, Gross Unrealized Gains	51	6
Available-for-sale securities, Gross Unrealized Losses	0	34
Available-for-sale securities, Fair Value	7,541	6,311
Debt Securities Issued by States of the United States and Political Subdivisions of the States [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost Basis	2,401	2,456
Available-for-sale securities, Gross Unrealized Gains	43	7
Available-for-sale securities, Gross Unrealized Losses	15	19
Available-for-sale securities, Fair Value	2,429	2,444
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost Basis	7,043	7,908
Available-for-sale securities, Gross Unrealized Gains	64	6
Available-for-sale securities, Gross Unrealized Losses	37	113
Available-for-sale securities, Fair Value	7,070	7,801
Held-to-maturity securities, Amortized Cost Basis	110	120
Held-to-maturity securities, Gross Unrealized Gains	30	35
Held-to-maturity securities, Gross Unrealized Losses	0	0
Held-to-maturity securities, Fair Value	$ 140	$ 155

INVESTMENTS IN SECURITIES - S33

INVESTMENTS IN SECURITIES - Scheduled Maturities of Debt Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Due within one year, Available-For-Sale Securities Fair Value	$ 0
Due after one year through five years, Available-For-Sale Securities Fair Value	8,374
Due after five years through ten years, Available-For-Sale Securities Fair Value	1,325
Due after ten years, Available-For-Sale Securities Fair Value	271
Mortgage-backed securities, Available-For-Sale Securities Fair Value	7,070
Available-For-Sale Securities Fair Value Total	17,040
Due within one year, Held-To-Maturity Securities Amortized Cost Basis	0
Due after one year through five years, Held-To-Maturity Securities Amortized Cost Basis	0
Due after five years through ten years, Held-To-Maturity Securities Amortized Cost Basis	0
Due after ten years, Held-To-Maturity Securities Amortized Cost Basis	0
Mortgage-backed securities, Held-To-Maturity Securities Amortized Cost Basis	110
Held-To-Maturity Securities Amortized Cost Basis Total	110	$ 120
Due within one year, Held-To-Maturity Securities Fair Value	0
Due after one year through five years, Held-To-Maturity Securities Fair Value	0
Due after five years through ten years, Held-To-Maturity Securities Fair Value	0
Due after ten years, Held-To-Maturity Securities Fair Value	0
Mortgage-backed securities, Held-To-Maturity Securities Fair Value	140
Held-To-Maturity Securities Fair Value Total	$ 140	$ 155

INVESTMENTS IN SECURITIES - S34

INVESTMENTS IN SECURITIES - Schedule of Aggregate Fair Value and Unrealized Losses of Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	$ 992	$ 9,622
Less than 12 Months, Unrealized Losses	12	67
12 Months or Longer, Fair Value	2,519	3,500
12 Months or Longer, Unrealized Losses	40	99
Fair Value, Total	3,511	13,122
Unrealized Losses, Total	52	166
Debt securities issued by U.S. government corporations and agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	400
Less than 12 Months, Unrealized Losses	0
12 Months or Longer, Fair Value	0
12 Months or Longer, Unrealized Losses	0
Fair Value, Total	400
Unrealized Losses, Total	0
Debt securities issued by U.S. government corporations and agencies [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value		5,320
Less than 12 Months, Unrealized Losses		21
12 Months or Longer, Fair Value		487
12 Months or Longer, Unrealized Losses		13
Fair Value, Total		5,807
Unrealized Losses, Total		34
Debt Securities Issued by States of the United States and Political Subdivisions of the States [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	340	0
Less than 12 Months, Unrealized Losses	10	0
12 Months or Longer, Fair Value	100	912
12 Months or Longer, Unrealized Losses	5	19
Fair Value, Total	440	912
Unrealized Losses, Total	15	19
Mortgage-Backed Securities [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	252	4,302
Less than 12 Months, Unrealized Losses	2	46
12 Months or Longer, Fair Value	2,419	2,101
12 Months or Longer, Unrealized Losses	35	67
Fair Value, Total	2,671	6,403
Unrealized Losses, Total	$ 37	$ 113

INVESTMENTS IN SECURITIES - Add

INVESTMENTS IN SECURITIES - Additional Information (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Percentage of stockholders' equity	10.00%	10.00%

LOANS - Schedule of Loan (Detai

LOANS - Schedule of Loan (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	$ 192,282	$ 171,160
Net deferred loan origination fees, costs and discounts	298	153
Allowance for loan losses	(951)	(886)	$ (803)	$ (743)
Net loans	191,629	170,427
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	3,277	3,964
Allowance for loan losses	(11)	(13)	(19)	(8)
Real Estate Loans [Member] | One-to Four-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	123,383	104,861
Allowance for loan losses	(450)	(373)	(347)	(362)
Real Estate Loans [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	22,698	21,848
Allowance for loan losses	(128)	(146)	(135)	(134)
Real Estate Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	16,408	16,559
Allowance for loan losses	(62)	(62)	(41)	(36)
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	2,215	2,093
Allowance for loan losses	(12)	(14)	(22)	(27)
Real Estate Loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	21,842	18,755
Allowance for loan losses	(230)	(216)	(202)	(121)
Consumer Loans [Member] | Consumer Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	21	20
Allowance for loan losses	(1)	(1)	(1)	(1)
Consumer Loans [Member] | Other Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	2,438	3,060
Allowance for loan losses	$ (23)	$ (29)	$ (34)	$ (20)

LOANS - Schedule of Allowance f

LOANS - Schedule of Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			$ 886	$ 743
Charge-offs			(7)	0
Recoveries			0	0
Provision (benefit)	$ 36	$ 38	72	60
Ending balance	951	803	951	803
Individually evaluated for impairment	21		21		$ 21
Collectively evaluated for impairment	930		930		865
Total allowance for loan losses ending balance	951		951		886
Individually evaluated for impairment	5,988		5,988		6,403
Collectively evaluated for impairment	186,294		186,294		164,757
Total loans ending balance	192,282		192,282		171,160
Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			13	8
Charge-offs			0	0
Recoveries			0	0
Provision (benefit)			(2)	11
Ending balance	11	19	11	19
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	11		11		13
Total allowance for loan losses ending balance	11		11		13
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	3,277		3,277		3,964
Total loans ending balance	3,277		3,277		3,964
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			32	34
Charge-offs			0	0
Recoveries			0	0
Provision (benefit)			2	(32)
Ending balance	34	2	34	2
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	34		34		32
Total allowance for loan losses ending balance	34		34		32
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	0		0		0
Total loans ending balance	0		0		0
Real Estate Loans [Member] | One-to Four-Family Residential [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			373	362
Charge-offs			0	0
Recoveries			0	0
Provision (benefit)			77	(15)
Ending balance	450	347	450	347
Individually evaluated for impairment	21		21		21
Collectively evaluated for impairment	429		429		352
Total allowance for loan losses ending balance	450		450		373
Individually evaluated for impairment	5,260		5,260		5,665
Collectively evaluated for impairment	118,123		118,123		99,196
Total loans ending balance	123,383		123,383		104,861
Real Estate Loans [Member] | Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			146	134
Charge-offs			0	0
Recoveries			0	0
Provision (benefit)			(18)	1
Ending balance	128	135	128	135
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	128		128		146
Total allowance for loan losses ending balance	128		128		146
Individually evaluated for impairment	669		669		679
Collectively evaluated for impairment	22,029		22,029		21,169
Total loans ending balance	22,698		22,698		21,848
Real Estate Loans [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			62	36
Charge-offs			0	0
Recoveries			0	0
Provision (benefit)			0	5
Ending balance	62	41	62	41
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	62		62		62
Total allowance for loan losses ending balance	62		62		62
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	16,408		16,408		16,559
Total loans ending balance	16,408		16,408		16,559
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			14	27
Charge-offs			0	0
Recoveries			0	0
Provision (benefit)			(2)	(5)
Ending balance	12	22	12	22
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	12		12		14
Total allowance for loan losses ending balance	12		12		14
Individually evaluated for impairment	59		59		59
Collectively evaluated for impairment	2,156		2,156		2,034
Total loans ending balance	2,215		2,215		2,093
Real Estate Loans [Member] | Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			216	121
Charge-offs			0	0
Recoveries			0	0
Provision (benefit)			14	81
Ending balance	230	202	230	202
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	230		230		216
Total allowance for loan losses ending balance	230		230		216
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	21,842		21,842		18,755
Total loans ending balance	21,842		21,842		18,755
Consumer Loans [Member] | Consumer Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			1	1
Charge-offs			0	0
Recoveries			0	0
Provision (benefit)			0	0
Ending balance	1	1	1	1
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	1		1		1
Total allowance for loan losses ending balance	1		1		1
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	21		21		20
Total loans ending balance	21		21		20
Consumer Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance			29	20
Charge-offs			(7)	0
Recoveries			0	0
Provision (benefit)			1	14
Ending balance	23	$ 34	23	$ 34
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	23		23		29
Total allowance for loan losses ending balance	23		23		29
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	2,438		2,438		3,060
Total loans ending balance	$ 2,438		$ 2,438		$ 3,060

LOANS - Schedule of Nonaccrual

LOANS - Schedule of Nonaccrual Loans and Past-Due Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 1,823	$ 2,574
Total Current	190,459	168,586
Total	192,282	171,160
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	13	1,410
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,764	1,104
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	59	77
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	1,393
Commercial and Industrial Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Total Current	3,277	3,964
Total	3,277	3,964
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Commercial and Industrial Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial and Industrial Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Commercial and Industrial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | One-to Four-Family Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,089	2,499
Total Current	122,294	102,362
Total	123,383	104,861
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	13	1,410
Real Estate Loans [Member] | One-to Four-Family Residential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,089	1,088
Real Estate Loans [Member] | One-to Four-Family Residential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	18
Real Estate Loans [Member] | One-to Four-Family Residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	1,393
Real Estate Loans [Member] | Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	669	0
Total Current	22,029	21,848
Total	22,698	21,848
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Real Estate Loans [Member] | Commercial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	669	0
Real Estate Loans [Member] | Commercial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Commercial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Multi-Family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Total Current	16,408	16,559
Total	16,408	16,559
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Real Estate Loans [Member] | Multi-Family [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Multi-Family [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Multi-Family [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	59	59
Total Current	2,156	2,034
Total	2,215	2,093
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	59	59
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Total Current	21,842	18,755
Total	21,842	18,755
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Real Estate Loans [Member] | Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Consumer Loans [Member] | Consumer Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Total Current	21	20
Total	21	20
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Consumer Loans [Member] | Consumer Line of Credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Consumer Loans [Member] | Consumer Line of Credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Consumer Loans [Member] | Consumer Line of Credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Consumer Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6	16
Total Current	2,432	3,044
Total	2,438	3,060
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Consumer Loans [Member] | Other Consumer Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6	16
Consumer Loans [Member] | Other Consumer Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Consumer Loans [Member] | Other Consumer Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 0

LOANS - Schedule of Impaired Lo

LOANS - Schedule of Impaired Loan (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	$ 5,421	$ 5,836
With no related allowance recorded, Unpaid Principal Balance	5,503	5,918
With no related allowance recorded, Related Allowance	0	0
With no related allowance recorded, Average Recorded Investment	4,583	6,400
With no related allowance recorded, Interest Income Recognized	102	231
With an allowance recorded, Recorded Investment	567	567
With an allowance recorded, Unpaid Principal Balance	567	567
With an allowance recorded, Related Allowance	21	21
With an allowance recorded, Average Recorded Investment	567	571
With an allowance recorded, Interest Income Recognized	10	19
Total, Recorded Investment	5,988	6,403
Total, Unpaid Principal Balance	6,070	6,485
Total, Related Allowance	21	21
Total, Average Recorded Investment	5,150	6,971
Total, Interest Income Recognized	112	250
Real Estate Loans [Member] | One-to Four-Family Residential [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	4,693	5,098
With no related allowance recorded, Unpaid Principal Balance	4,693	5,098
With no related allowance recorded, Related Allowance	0	0
With no related allowance recorded, Average Recorded Investment	3,850	5,657
With no related allowance recorded, Interest Income Recognized	85	183
With an allowance recorded, Recorded Investment	567	567
With an allowance recorded, Unpaid Principal Balance	567	567
With an allowance recorded, Related Allowance	21	21
With an allowance recorded, Average Recorded Investment	567	571
With an allowance recorded, Interest Income Recognized	10	19
Total, Recorded Investment	5,260	5,665
Total, Unpaid Principal Balance	5,260	5,665
Total, Related Allowance	21	21
Total, Average Recorded Investment	4,417	6,228
Total, Interest Income Recognized	95	202
Real Estate Loans [Member] | Commercial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	669	679
With no related allowance recorded, Unpaid Principal Balance	669	679
With no related allowance recorded, Related Allowance	0	0
With no related allowance recorded, Average Recorded Investment	674	689
With no related allowance recorded, Interest Income Recognized	15	44
With an allowance recorded, Recorded Investment	0	0
With an allowance recorded, Unpaid Principal Balance	0	0
With an allowance recorded, Related Allowance	0	0
With an allowance recorded, Average Recorded Investment	0	0
With an allowance recorded, Interest Income Recognized	0	0
Total, Recorded Investment	669	679
Total, Unpaid Principal Balance	669	679
Total, Related Allowance	0	0
Total, Average Recorded Investment	674	689
Total, Interest Income Recognized	15	44
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	59	59
With no related allowance recorded, Unpaid Principal Balance	141	141
With no related allowance recorded, Related Allowance	0	0
With no related allowance recorded, Average Recorded Investment	59	54
With no related allowance recorded, Interest Income Recognized	2	4
With an allowance recorded, Recorded Investment	0	0
With an allowance recorded, Unpaid Principal Balance	0	0
With an allowance recorded, Related Allowance	0	0
With an allowance recorded, Average Recorded Investment	0	0
With an allowance recorded, Interest Income Recognized	0	0
Total, Recorded Investment	59	59
Total, Unpaid Principal Balance	141	141
Total, Related Allowance	0	0
Total, Average Recorded Investment	59	54
Total, Interest Income Recognized	$ 2	$ 4

LOANS - Schedule of Loans by Ri

LOANS - Schedule of Loans by Risk Rating (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	$ 192,282	$ 171,160
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	63,556	60,447
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	3,069	592
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	573	4,481
Loans Not Formally Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	125,084	105,640
Commercial and Industrial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	3,277	3,964
Commercial and Industrial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	3,277	3,964
Commercial and Industrial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Commercial and Industrial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Commercial and Industrial Loans [Member] | Loans Not Formally Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Real Estate Loans [Member] | One-to Four-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	123,383	104,861
Real Estate Loans [Member] | One-to Four-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Real Estate Loans [Member] | One-to Four-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	2,347	539
Real Estate Loans [Member] | One-to Four-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	567	3,796
Real Estate Loans [Member] | One-to Four-Family Residential [Member] | Loans Not Formally Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	120,469	100,526
Real Estate Loans [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	22,698	21,848
Real Estate Loans [Member] | Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	22,029	21,169
Real Estate Loans [Member] | Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	669	0
Real Estate Loans [Member] | Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	679
Real Estate Loans [Member] | Commercial [Member] | Loans Not Formally Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Real Estate Loans [Member] | Multi-Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	16,408	16,559
Real Estate Loans [Member] | Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	16,408	16,559
Real Estate Loans [Member] | Multi-Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Real Estate Loans [Member] | Multi-Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Real Estate Loans [Member] | Multi-Family [Member] | Loans Not Formally Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	2,215	2,093
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	53	53
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	6	6
Real Estate Loans [Member] | Home Equity Loans and Lines of Credit [Member] | Loans Not Formally Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	2,156	2,034
Real Estate Loans [Member] | Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	21,842	18,755
Real Estate Loans [Member] | Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	21,842	18,755
Real Estate Loans [Member] | Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Real Estate Loans [Member] | Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Real Estate Loans [Member] | Construction [Member] | Loans Not Formally Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Consumer Loans [Member] | Consumer Line of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	21	20
Consumer Loans [Member] | Consumer Line of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Consumer Loans [Member] | Consumer Line of Credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Consumer Loans [Member] | Consumer Line of Credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Consumer Loans [Member] | Consumer Line of Credit [Member] | Loans Not Formally Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	21	20
Consumer Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	2,438	3,060
Consumer Loans [Member] | Other Consumer Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Consumer Loans [Member] | Other Consumer Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Consumer Loans [Member] | Other Consumer Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	0	0
Consumer Loans [Member] | Other Consumer Loans [Member] | Loans Not Formally Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	$ 2,438	$ 3,060

LOANS - Schedule of Loans Modif

LOANS - Schedule of Loans Modified as Troubled Debt Restructuring (Detail) - Real Estate [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)Contract
Financing Receivable, Modifications [Line Items]
Troubled Debt Restructuring, Number of Contracts | Contract	5
Troubled Debt Restructuring, Pre-Modification Outstanding Recorded Investment	$ 2,180
Troubled Debt Restructuring, Post-Modification Outstanding Recorded Investment	$ 2,180
One To Four Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Troubled Debt Restructuring, Number of Contracts | Contract	3
Troubled Debt Restructuring, Pre-Modification Outstanding Recorded Investment	$ 2,121
Troubled Debt Restructuring, Post-Modification Outstanding Recorded Investment	$ 2,121
Home Equity Line of Credit [Member]
Financing Receivable, Modifications [Line Items]
Troubled Debt Restructuring, Number of Contracts | Contract	2
Troubled Debt Restructuring, Pre-Modification Outstanding Recorded Investment	$ 59
Troubled Debt Restructuring, Post-Modification Outstanding Recorded Investment	$ 59

LOANS - Summary of Pre-Modified

LOANS - Summary of Pre-Modified Loans Modified as Troubled Debt Restructuring (Detail) - Real Estate [Member] $ in Thousands	Jun. 30, 2016USD ($)
Financing Receivable, Modifications [Line Items]
Rate Reduction	$ 0
Interest Only Period	2,180
Rate Reduction and Interest Only Period	0
One To Four Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Rate Reduction	0
Interest Only Period	2,121
Rate Reduction and Interest Only Period	0
Home Equity Line of Credit [Member]
Financing Receivable, Modifications [Line Items]
Rate Reduction	0
Interest Only Period	59
Rate Reduction and Interest Only Period	$ 0

LOANS - Additional Information

LOANS - Additional Information (Detail) - USD ($)	1 Months Ended	6 Months Ended
	Mar. 25, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Mar. 25, 2015
Loans serviced for others		$ 191,629,000		$ 170,427,000
Mortgage Loans on Real Estate, Face Amount of Mortgages					$ 20,000,000
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		8,500,000
Financing Receivables Purcahsed During the Period, Premium Percentage	1.00%
Financing Receivable, Allowance for Credit Losses, Write-downs		7,000	$ 0
Mortgage And Other Loans [Member]
Loans serviced for others		27,400,000		$ 21,800,000
One To Four Family [Member] | Real Estate [Member]
Financing Receivable, Allowance for Credit Losses, Write-downs		$ 21,000
Fixed Rate Residential Mortgage [Member]
Financing Receivables Purcahsed During the Period, Percentage	50.00%
Adjustable Rate Residential Mortgage [Member]
Financing Receivables Purcahsed During the Period, Percentage	50.00%

DEPOSITS - Summary of Scheduled

DEPOSITS - Summary of Scheduled Maturities of Time Deposits (Detail) $ in Thousands	Jun. 30, 2016USD ($)
2,017	$ 57,366
2,018	21,701
2,019	4,137
2,020	1,694
2,021	8,379
Total	$ 93,277

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Interest-bearing Domestic Deposit, Brokered	$ 5	$ 5
Cash, FDIC Insured Amount	$ 24.4	$ 20.9

FEDERAL HOME LOAN BANK ADVANC46

FEDERAL HOME LOAN BANK ADVANCES - Summary of Maturities of Advances from the Federal Home Loan Bank ("FHLB") of Boston (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Maturities Federal Home Loan Bank Advances [Line Items]
2,017	$ 2,500
2,018	3,000
2,019	0
2,020	0
2,021	0
Thereafter	9,000
Maturities of advances from FHLB, total	$ 14,500	$ 8,500

FEDERAL HOME LOAN BANK ADVANC47

FEDERAL HOME LOAN BANK ADVANCES - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Weighted-average interest rate	0.88%
Federal Home Loan Bank Collateral Debt Advances [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Borrowings from FHLB, description	Borrowings from the FHLB are secured by a blanket lien on qualified collateral, consisting primarily of loans with first mortgages secured by one-to-four family properties, certain unencumbered investment securities and other qualified assets.
Minimum [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Interest rates	0.49%
Maximum [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Interest rates	1.36%

FAIR VALUE MEASUREMENTS - Summa

FAIR VALUE MEASUREMENTS - Summary of Assets Measured at Fair Value on a Recurring Basis (Detail) - Fair Value Measurements Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 17,040	$ 16,556
Quoted Prices in Active Markets for Identical Assets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	17,040	16,556
Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Debt Securities Issued by U.S. Government Corporations and Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	7,541	6,311
Debt Securities Issued by U.S. Government Corporations and Agencies [Member] | Quoted Prices in Active Markets for Identical Assets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Debt Securities Issued by U.S. Government Corporations and Agencies [Member] | Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	7,541	6,311
Debt Securities Issued by U.S. Government Corporations and Agencies [Member] | Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Debt Securities Issued by States of the United States and Political Subdivisions of the States [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	2,429	2,444
Debt Securities Issued by States of the United States and Political Subdivisions of the States [Member] | Quoted Prices in Active Markets for Identical Assets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Debt Securities Issued by States of the United States and Political Subdivisions of the States [Member] | Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	2,429	2,444
Debt Securities Issued by States of the United States and Political Subdivisions of the States [Member] | Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	7,070	7,801
Mortgage-Backed Securities [Member] | Quoted Prices in Active Markets for Identical Assets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Mortgage-Backed Securities [Member] | Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	7,070	7,801
Mortgage-Backed Securities [Member] | Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Sum49

FAIR VALUE MEASUREMENTS - Summary of Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - Fair Value Measurements Nonrecurring [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 546	$ 546
Quoted Prices in Active Markets for Identical Assets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	546	546
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	546	546
Impaired Loans [Member] | Quoted Prices in Active Markets for Identical Assets Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Impaired Loans [Member] | Significant Other Observable Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	0	0
Impaired Loans [Member] | Significant Unobservable Inputs Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 546	$ 546

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Estimated Fair Values of Financial Instruments Held or Issued for Purposes Other Than Trading (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Financial assets:
Cash and cash equivalents	$ 8,136	$ 10,670	$ 6,897	$ 18,295
Interest-bearing time deposits with other banks	1,087	1,087
Investments in available-for-sale securities (at fair value)	17,040	16,556
Held-to-maturity securities	110	120
Federal Home Loan Bank stock	1,152	971
Investment in The Co-operative Central Reserve Fund	384	384
Loans serviced for others	191,629	170,427
Accrued interest receivable	543	508
Financial liabilities:
Deposits	182,598	169,372
FHLB advances	14,500	8,500
Quoted Prices in Active Markets for Identical Assets Level 1 [Member]
Financial assets:
Cash and cash equivalents	8,136	10,670
Interest-bearing time deposits with other banks	0	0
Investments in available-for-sale securities (at fair value)	0	0
Held-to-maturity securities	0	0
Federal Home Loan Bank stock	1,152	971
Investment in The Co-operative Central Reserve Fund	384	384
Loans serviced for others	0	0
Accrued interest receivable	543	508
Financial liabilities:
Deposits	0	0
FHLB advances	0	0
Significant Other Observable Inputs Level 2 [Member]
Financial assets:
Cash and cash equivalents	0	0
Interest-bearing time deposits with other banks	1,087	1,086
Investments in available-for-sale securities (at fair value)	17,040	16,556
Held-to-maturity securities	140	155
Federal Home Loan Bank stock	0	0
Investment in The Co-operative Central Reserve Fund	0	0
Loans serviced for others	0	0
Accrued interest receivable	0	0
Financial liabilities:
Deposits	183,198	170,134
FHLB advances	14,512	8,458
Significant Unobservable Inputs Level 3 [Member]
Financial assets:
Cash and cash equivalents	0	0
Interest-bearing time deposits with other banks	0	0
Investments in available-for-sale securities (at fair value)	0	0
Held-to-maturity securities	0	0
Federal Home Loan Bank stock	0	0
Investment in The Co-operative Central Reserve Fund	0	0
Loans serviced for others	193,613	171,150
Accrued interest receivable	0	0
Financial liabilities:
Deposits	0	0
FHLB advances	0	0
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	8,136	10,670
Interest-bearing time deposits with other banks	1,087	1,087
Investments in available-for-sale securities (at fair value)	17,040	16,556
Held-to-maturity securities	110	120
Federal Home Loan Bank stock	1,152	971
Investment in The Co-operative Central Reserve Fund	384	384
Loans serviced for others	191,629	170,427
Accrued interest receivable	543	508
Financial liabilities:
Deposits	182,598	169,372
FHLB advances	14,500	8,500
Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	8,136	10,670
Interest-bearing time deposits with other banks	1,087	1,086
Investments in available-for-sale securities (at fair value)	17,040	16,556
Held-to-maturity securities	140	155
Federal Home Loan Bank stock	1,152	971
Investment in The Co-operative Central Reserve Fund	384	384
Loans serviced for others	193,613	171,150
Accrued interest receivable	543	508
Financial liabilities:
Deposits	183,198	170,134
FHLB advances	$ 14,512	$ 8,458

REGULATORY CAPITAL - Additional

REGULATORY CAPITAL - Additional Information (Detail)	Jun. 30, 2016	Dec. 31, 2015	Jan. 02, 2015	Dec. 31, 2014
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity tier 1 capital required to be well capitalized to risk-weighted assets	6.50%	6.50%
Tier 1 capital required to be well capitalized to risk-weighted assets	8.00%	8.00%
Capital required to be well capitalized to risk weighted assets	10.00%	10.00%
Tier 1 leverage capital required to be well capitalized to average assets	5.00%	5.00%
Financing receivable non-accrual status percentage			100.00%
Credit conversion factor for unused portion of commitments			0.00%
Risk weight for mortgage servicing and deferred tax assets			100.00%
Risk weight for equity exposures			100.00%
Common Equity Tier One Risk Based Capital To Risk Weighted Assets	14.10%	15.60%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%	6.00%
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
New Capital Regulations [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity tier 1 capital required to be well capitalized to risk-weighted assets			6.50%
Tier 1 capital required to be well capitalized to risk-weighted assets			8.00%	6.00%
Capital required to be well capitalized to risk weighted assets			10.00%
Tier 1 leverage capital required to be well capitalized to average assets			5.00%
Tier 1 capital to risk-weighted assets, year one			0.625%
Tier 1 capital to risk-weighted assets, multiple period increase			0.625%
Tier 1 capital to risk-weighted assets, year four			2.50%
Financing receivable non-accrual status percentage			150.00%
Credit conversion factor for unused portion of commitments			20.00%
Risk weight for mortgage servicing and deferred tax assets			250.00%
Risk weight for equity exposures			600.00%
Common Equity Tier One Risk Based Capital To Risk Weighted Assets			4.50%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets			6.00%	4.00%
Tier One Leverage Capital Required for Capital Adequacy to Average Assets			4.00%

REGULATORY CAPITAL - Schedule o

REGULATORY CAPITAL - Schedule of Bank's Actual Capital Amounts and Ratios (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Regulatory Capital
Total Regulatory Capital	$ 23,560	$ 23,066
Key Regulatory Ratios
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual, Amount	$ 22,598	$ 22,171
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual, Ratio	14.10%	15.60%
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes, Amount	$ 7,233	$ 6,417
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 10,447	$ 9,269
Common Equity Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	$ 22,598	$ 22,171
Tier 1 Capital (to Average Assets), Actual Amount	$ 22,598	$ 22,171
Total Capital (to Risk Weighted Assets), Actual Ratio	14.70%	16.20%
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio	14.10%	15.60%
Tier 1 Capital (to Average Assets), Actual Ratio	10.10%	10.90%
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes, Amount	$ 12,858	$ 11,408
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes, Amount	9,644	8,556
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes, Amount	$ 8,959	$ 8,169
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 16,073	$ 14,260
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	12,858	11,408
Tier 1 Capital (to Average Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 11,199	$ 10,211
Total Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 Capital (to Average Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%

COMMON STOCK REPURCHASES - Addi

COMMON STOCK REPURCHASES - Additional Information (Detail) - $ / shares	1 Months Ended	6 Months Ended	12 Months Ended
	Nov. 24, 2015	Jun. 30, 2016	Dec. 31, 2015
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	89,903
Stock Repurchase Program Common Stock Repurchased Percentage	4.00%
Common Stock [Member]
Stock Repurchased and Retired During Period, Shares		35,000	23,100
Treasury Stock Acquired, Average Cost Per Share		$ 13.12	$ 12.89

EQUITY INCENTIVE PLANS - Weight

EQUITY INCENTIVE PLANS - Weighted Average Assumptions (Detail)	6 Months Ended
	Jun. 30, 2016$ / shares
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Expected life (years)	6 years 4 months 24 days
Expected dividend yield	0.00%
Expected volatility	20.24%
Expected forfeiture rate	0.00%
Risk free rate	1.67%
Fair value per option	$ 3.17

EQUITY INCENTIVE PLANS - Schedu

EQUITY INCENTIVE PLANS - Schedule of Equity Incentive Plan (Detail) - $ / shares	1 Months Ended	6 Months Ended
	Nov. 24, 2015	Jun. 30, 2016
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Granted	169,500
2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Granted	314,661
2015 Equity Incentive Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Outstanding at beginning of period		0
Number of Shares, Granted		169,500
Number of Shares, Outstanding at end of period		169,500
Number of Shares, Exercisable at end of period		0
Number of Shares, Weighted average fair value of options granted during the period (in dollars per share)		$ 3.17
Number of Shares, Weighted average contractual life remaining		9 years 10 months 24 days
Number of Shares, Weighted average exercise price (in dollars per share)		$ 12.85

EQUITY INCENTIVE PLANS - Non-ve

EQUITY INCENTIVE PLANS - Non-vested Restricted Stock (Detail) - $ / shares	1 Months Ended	6 Months Ended
	Nov. 24, 2015	Jun. 30, 2016
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Granted	70,950
Equity Incentive Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Granted	314,661
Equity Incentive Plan 2015 [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Outstanding at beginning of period		0
Number of Shares, Granted		70,950
Number of Shares, Outstanding at end of period		70,950
Number of Shares, Weighted average grant date fair value (in dollars per share)		$ 12.85

EQUITY INCENTIVE PLANS - Additi

EQUITY INCENTIVE PLANS - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
	Nov. 24, 2015	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation			$ 64,000	$ 35,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			4 years 8 months 12 days
2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	314,661
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	70,950
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		18,953	18,953
Share-based Compensation		$ 15,000	$ 15,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		897,000	897,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense		$ 6,000	$ 6,000
Restricted Stock [Member] | 2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			70,950
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	169,500
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		55,258	55,258
Share-based Compensation		$ 10,000	$ 10,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		527,000	527,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense		$ 1,000	$ 1,000
Employee Stock Option [Member] | 2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			169,500
Five Year Period [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	47,600
Five Year Period [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	122,500
Four Year Period [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	23,350
Four Year Period [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares	47,000