Pilgrim Bancshares (PLRM) 10-K 22 Mar 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Mar. 22, 2017	Jun. 30, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	Pilgrim Bancshares, Inc.
Entity Central Index Key	1,601,347
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 24.3
Trading Symbol	PLRM
Entity Common Stock, Shares Outstanding		2,253,439

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 2,036	$ 2,351
Interest-bearing demand deposits with other banks	9,152	8,319
Total cash and cash equivalents	11,188	10,670
Interest-bearing time deposits with other banks	1,092	1,087
Investments in available-for-sale securities (at fair value)	17,041	16,556
Investments in held-to-maturity securities (fair value of $135 at December 31, 2016, and $155 at December 31, 2015)	104	120
Federal Home Loan Bank stock, at cost	2,299	971
Investment in The Co-operative Central Reserve Fund, at cost	384	384
Loans, net of allowance for loan losses of $1,049 at December 31, 2016, and $886 at December 31, 2015	210,486	170,427
Premises and equipment, net	4,919	5,177
Investment in real estate, net	1,534	1,578
Accrued interest receivable	599	508
Deferred income tax asset, net	740	496
Bank-owned life insurance	2,314	2,276
Other assets	233	257
Total assets	252,933	210,507
Deposits:
Noninterest-bearing	18,791	15,290
Interest-bearing	163,295	154,082
Total deposits	182,086	169,372
Federal Home Loan Bank advances	37,329	8,500
Other liabilities	871	666
Total liabilities	220,286	178,538
Stockholders' equity:
Common stock $.01 par value per share: 10,000,000 shares authorized, 2,253,439 shares issued at December 31, 2016 and 2,224,489 shares issued at December 31, 2015	23	22
Additional paid-in capital	20,910	20,466
Retained earnings	14,260	13,253
Unearned compensation - ESOP (161,826 shares unallocated at December 31, 2016 and 167,820 shares unallocated at December 31, 2015)	(1,619)	(1,679)
Unearned compensation - Restricted Stock	(806)	0
Accumulated other comprehensive loss	(121)	(93)
Total stockholders' equity	32,647	31,969
Total liabilities and stockholders' equity	$ 252,933	$ 210,507

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Securities held-to-maturity, fair value	$ 135	$ 155
Allowance for loan losses	$ 1,049	$ 886
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,253,439	2,224,489
Employee stock ownership plan, shares unallocated	161,826	167,820

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Interest and dividend income:
Interest and fees on loans		$ 7,880	$ 6,599
Interest on debt securities:
Taxable		199	181
Tax-exempt		43	66
Other interest and dividends		101	51
Total interest and dividend income		8,223	6,897
Interest expense:
Interest on deposits		1,372	1,020
Interest on Federal Home Loan Bank advances		209	65
Total interest expense		1,581	1,085
Net interest and dividend income		6,642	5,812
Provision for loan losses		170	144
Net interest and dividend income after provision for loan losses		6,472	5,668
Noninterest income:
Service charges on deposit accounts		105	120
Gain on sales/calls of securities, net		30	29
Writedown of securities (includes losses of $3 for the year ended December 31, 2015, no amounts recognized in other comprehensive income)		0	(3)
Gain on sales of loans, net		43	64
Rental income		253	258
Other income		131	129
Total noninterest income		562	597
Noninterest expense:
Salaries and employee benefits		3,298	3,035
Occupancy expense		486	533
Equipment expense		189	182
Data processing expense		415	394
Professional fees		400	374
Federal Deposit Insurance Corporation assessment		150	140
Communications expense		117	117
Advertising and public relations expense		140	129
Insurance expense		61	76
Supplies expense		55	58
Other expense		214	208
Total noninterest expense		5,525	5,246
Income before income taxes		1,509	1,019
Income tax expense		502	365
Net income		$ 1,007	$ 654
Weighted-average number of common shares outstanding:
Basic		2,024,918	2,076,337
Diluted		2,026,099	2,076,337
Earnings per share:
Basic		$ 0.5	$ 0.31
Diluted	[1]	$ 0.5	$ 0.31
[1]	Options to purchase 169,500 shares, representing all outstanding options, were not included in the computation of diluted earnings per share for the year ended December 31, 2016 because the impact was anti-dilutive. There were no options to purchase shares for the year ended December 31, 2015.

CONSOLIDATED STATEMENTS OF INC5

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Losses recognized in other comprehensive income, before taxes	$ 0	$ 3
Losses recognized in other comprehensive income, net of taxes	$ 0	$ 0

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Net income		$ 1,007	$ 654
Other comprehensive loss, net of tax:
Net unrealized holding loss on available-for-sale securities		(15)	(36)
Reclassification adjustment for net realized gains in net income	[1]	(30)	(29)
Other comprehensive loss before income tax effect		(45)	(65)
Income tax benefit		17	23
Other comprehensive loss, net of tax		(28)	(42)
Comprehensive income		$ 979	$ 612
[1]	Reclassification adjustments are comprised of realized security gains. The gains have been reclassified out of accumulated other comprehensive loss 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 $11,000 and $10,000 for the years ended December 31, 2016 and 2015, respectively, is included in income tax expense. The after tax amount included in net income was $19,000 and $19,000 for the years ended December 31, 2016 and 2015.

CONSOLIDATED STATEMENTS OF COM7

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	$ 11,000	$ 10,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	$ 19,000	$ 19,000

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	654	$ 0	0	654	0	0	0
Shares purchased and retired	(298)	$ 0	(298)	0	0	0	0
Shares purchased and retired (in shares)		(23,100)
Common stock held by ESOP committed to be allocated	70	$ 0	11	0	59	0	0
Other comprehensive loss, net of tax effect	(42)	0	0	0	0	0	(42)
Issuance costs related to initial public offering	(17)	0	(17)	0	0	0	0
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	1,007	$ 0	0	1,007	0	0	0
Shares purchased and retired	(550)	$ 0	(550)	0	0	0	0
Shares purchased and retired (in shares)		(42,000)
Common stock held by ESOP committed to be allocated	80	$ 0	20	0	60	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	106	$ 0	0	0	0	106	0
Share based compensation-options	63	0	63	0	0	0	0
Other comprehensive loss, net of tax effect	(28)	0	0	0	0	0	(28)
Balance at Dec. 31, 2016	$ 32,647	$ 23	$ 20,910	$ 14,260	$ (1,619)	$ (806)	$ (121)
Balance (in Shares) at Dec. 31, 2016		2,253,439

CONSOLIDATED STATEMENTS OF CHA9

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Number of shares committed to be allocated	5,994	5,993

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income	$ 1,007	$ 654
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	170	144
Capitalized interest on interest-bearing time deposits	(5)	(12)
Amortization of securities, net	88	86
Gain on sales/calls of securities, net	(30)	(29)
Loans originated for sale	(2,205)	(3,544)
Proceeds from sales of loans originated for sale	2,248	3,608
Gain on sales of loans, net	(43)	(64)
Change in net deferred origination fees, costs, premiums and discounts	(218)	(53)
Writdown of securities	0	3
Depreciation and amortization	337	339
Increase in accrued interest receivable	(91)	(61)
Increase in bank-owned life insurance	24	159
Net cash provided by operating activities	(227)	(63)
Increase in bank-owned life insurance	(38)	(46)
Stock based compensation expense	249	70
Increase in other liabilities	205	105
Net cash provided by operating activities	1,471	1,296
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	(1,407)	(320)
Redemption of Federal Home Loan Bank stock	79	43
Purchases of available-for-sale securities	(7,241)	(8,597)
Proceeds from maturities/calls/pay downs of available-for-sale securities	5,435	3,251
Proceeds from sales of available-for-sale securities	1,211	428
Proceeds from maturities of held-to-maturity securities	23	33
Loan principal originations and collections, net	(8,999)	(19,836)
Loans purchased	(36,047)	(8,558)
Loan participations sold	5,035	1,650
Capital expenditures	(35)	(62)
Net cash used in investing activities	(41,946)	(30,468)
Cash flows from financing activities:
Net increase in demand deposits, NOW and savings accounts	6,968	1,595
Net increase in time deposits	5,746	16,767
Payments on Federal Home Loan Bank long-term advances	(6,171)	(1,000)
Proceeds from Federal Home Loan Bank long-term advances	36,100	8,500
Net change in short-term Federal Home Loan Bank advances	(1,100)	(4,000)
Issuance costs related to initial public offering	0	(17)
Purchase and retirement of common stock	(550)	(298)
Net cash provided by financing activities	40,993	21,547
Net increase (decrease) in cash and cash equivalents	518	(7,625)
Cash and cash equivalents at beginning of period	10,670	18,295
Cash and cash equivalents at end of period	11,188	10,670
Supplemental disclosures:
Interest paid	1,554	1,080
Income taxes paid	$ 705	$ 205

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 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”).

ACCOUNTING POLICIES

ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Accounting Policies	NOTE 2 - ACCOUNTING POLICIES The accounting and reporting policies of the Company and its subsidiary conform to accounting principles generally accepted in the United States of America and predominant practices within the banking industry. The consolidated financial statements were prepared using the accrual basis of accounting. The significant accounting policies are summarized below to assist the reader in better understanding the consolidated financial statements and other data contained herein. In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, 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. Estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of deferred tax assets. 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. For purposes of reporting cash flows, cash and cash equivalents include cash on hand, cash items, due from banks and interest-bearing demand deposits with other banks. The Bank is required to maintain average balances on hand or with the Federal Reserve Bank. At December 31, 2016 and 2015, these reserve balances amounted to $ 836,000 820,000 Investments in debt securities are adjusted for amortization of premiums and accretion of discounts so as to approximate the interest method. Gains or losses on sales of investment securities are computed on a specific identification basis. The Company classifies debt and equity securities into one of three categories: held-to-maturity, available-for-sale, or trading. These security classifications may be modified after acquisition only under certain specified conditions. In general, securities may be classified as held-to-maturity only if the Company has the positive intent and ability to hold them to maturity. Trading securities are defined as those bought and held principally for the purpose of selling them in the near term. All other securities must be classified as available-for-sale. — Held-to-maturity securities are measured at amortized cost in the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings or in a separate component of stockholders’ equity. They are merely disclosed in the notes to the consolidated financial statements. — Available-for-sale securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings, but are reported as a net amount (less expected tax) in a separate component of stockholders’ equity until realized. — Trading securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses for trading securities are included in earnings. For any debt security with a fair value less than its amortized cost basis, the Company will determine whether it has the intent to sell the debt security or whether it is more likely than not it will be required to sell the debt security before the recovery of its amortized cost basis. If either condition is met, the Company will recognize a full impairment charge to earnings. For all other debt securities that are considered other-than-temporarily impaired and do not meet either condition, the credit loss portion of impairment will be recognized in earnings as realized losses. The other-than-temporary impairment related to all other factors will be recorded in other comprehensive income. Declines in marketable equity securities below their cost that are deemed other than temporary are reflected in earnings as realized losses. The Company is required to own shares of capital stock in the Federal Home Loan Bank of Boston (FHLB) in order to borrow from the FHLB. The stock is carried at its cost and evaluated for impairment based on the ultimate recoverability of the cost basis of the FHLB stock. Loans receivable that management has the intent and ability to hold until maturity or payoff are reported at their outstanding principal balances adjusted for amounts due borrowers on unadvanced loans, any charge-offs, the allowance for loan losses and any deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans. Interest on loans is recognized on a simple interest basis. Loan origination and commitment fees and certain direct origination costs are deferred, and the net amount amortized as an adjustment of the related loan's yield. The Company is amortizing these amounts over the contractual lives of the related loans. Residential real estate loans are generally placed on nonaccrual when reaching 90 90 120 180 90 Cash receipts of interest income on impaired loans are credited to principal to the extent necessary to eliminate doubt as to the collectibility of the net carrying amount of the loan. Some or all of the cash receipts of interest income on impaired loans are recognized as interest income if the remaining net carrying amount of the loan is deemed to be fully collectible. When recognition of interest income on an impaired loan on a cash basis is appropriate, the amount of income that is recognized is limited to that which would have been accrued on the net carrying amount of the loan at the contractual interest rate. Any cash interest payments received in excess of the limit and not applied to reduce the net carrying amount of the loan are recorded as recoveries of charge-offs until the charge-offs are fully recovered. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. General Component: The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, multi-family real estate, home equity loans and lines of credit, construction, commercial and industrial, and consumer. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies and underlying collateral values; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during the years ended December 31, 2016 and 2015. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate: The Company generally does not originate loans with a loan-to-value ratio greater than 80 Commercial and multi-family real estate: Loans in this segment are primarily income-producing properties throughout Eastern Massachusetts, specifically the South Shore. The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management periodically obtains rent rolls and continually monitors the cash flows of these loans. Construction loans: Loans in this segment include land, speculative residential properties, investment, multifamily, rehab to permanent investment properties and owner occupied residential properties. Payment is derived from sale of the property or long term rental cash flows once converted to permanent financing. Credit risk is affected by cost overruns, time to sell at an adequate price, vacancies and market conditions. Commercial and industrial loans: Loans in this segment are made to businesses, are generally secured by assets of the business and are primarily guaranteed by the United States Government. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Consumer loans: Loans in this segment are primarily secured by automobiles and repayment is dependent on the credit quality of the individual borrower. Allocated Component: The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan by loan basis for commercial and industrial, commercial and multi-family real estate and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer, home equity loans and lines of credit and residential real estate loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans on a temporary or permanent basis. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. Unallocated Component: An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. Land is stated at cost. Premises, investment in real estate and equipment are stated at cost, less accumulated depreciation and amortization. Cost and related allowances for depreciation and amortization of premises, investment in real estate and equipment retired or otherwise disposed of are removed from the respective accounts with any gain or loss included in income or expense. Depreciation and amortization are calculated principally on a straight-line basis over the estimated useful lives of the assets. Useful lives are dependent upon the nature and condition of the asset and range from three years to 40 Premises and equipment and investment in real estate are periodically evaluated for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment exists when the expected undiscounted future cash flows of premises and equipment and investment in real estate are less than their carrying amounts. In that event, the Company records a loss of the difference between the carrying amount and the fair value of the asset based on quoted market prices, if applicable, or a discounted cash flow analysis. Other real estate owned includes properties acquired through foreclosure and properties classified as in-substance foreclosures in accordance with Accounting Standards Codification (ASC) 310-40, “Receivables - Troubled Debt Restructurings by Creditors." These properties are initially recorded at their estimated fair value less estimated cost to sell at the date of foreclosure or transfer, establishing a new cost basis. Subsequent to foreclosure or transfer, valuations are periodically performed by management and assets are carried at the lower of carrying amount or fair value less cost to sell. Any write-down from cost to estimated fair value required at the time of foreclosure or classification as an in-substance foreclosure is charged to the allowance for loan losses. Expenses incurred in connection with maintaining these assets, subsequent write-downs and gains or losses recognized upon sale are included in other expense. The Company classifies commercial loans as in-substance repossessed or foreclosed if the Company receives physical possession of the debtor’s assets regardless of whether formal foreclosure proceedings take place. An in-substance repossession or foreclosure occurs, and the Company is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan upon either: (1) obtaining legal title to the residential real estate property upon completion of a foreclosure; or (2) the borrower conveying all interest in the residential real estate property to the Company to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. The Company has purchased insurance policies on the lives of certain directors, executive officers and employees. Bank-owned life insurance policies are reflected on the consolidated balance sheets at cash surrender value. Changes in net cash surrender value of the policies, as well as insurance proceeds received, are reflected in non-interest income on the consolidated statements of income and are not subject to income taxes. The Company directly expenses costs associated with advertising as they are incurred. Compensation expense for the Employee Stock Ownership Plan (“ESOP”) is recorded at an amount equal to the shares allocated by the ESOP multiplied by the average fair value of the shares during the period. The Company recognizes compensation expense ratably over the year based upon the Company’s estimate of the number of shares expected to be allocated by the ESOP. Unearned compensation applicable to the ESOP is reflected as a reduction of stockholders’ equity in the consolidated balance sheet. The difference between the average fair value and the cost of shares allocated by the ESOP is recorded as an adjustment to additional paid-in capital. The Company recognizes stock-based compensation on the grant-date fair value of the award adjusted for expected forfeitures. The Company values share-based stock option awards granted using the Black-Scholes option-pricing model. The Company recognizes compensation expense for its awards on a straight-line basis over the requisite service period for the entire award (straight-line attribution method), ensuring that the amount of compensation cost recognized at any date at least equals the portion of the grant-date fair value of the award that is vested at that time. The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are established for the temporary differences between the accounting basis and the tax basis of the Company's assets and liabilities at enacted tax rates expected to be in effect when the amounts related to such temporary differences are realized or settled. It is the Company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. As of December 31, 2016 and 2015, there were no material uncertain tax positions related to federal and state income tax matters. The Company is currently open to audit under the statute of limitations by the Internal Revenue Service and state taxing authorities for the years ended December 31, 2013 through December 31, 2016. Interest and penalties, if any, are recorded as income tax expense. 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. The Company has adopted the EPS guidance included in 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 and unearned shares of restricted stock are not deemed outstanding for earnings per share calculations. Years Ended December 31, 2016 2015 Net income (In thousands) $ 1,007 $ 654 Basic and diluted common shares: Weighted average common shares outstanding 2,225,397 2,247,153 Weighted average unearned shares-restricted stock (35,657) - Weighted average unallocated ESOP shares (164,822) (170,816) Basic weighted average shares outstanding 2,024,918 2,076,337 Dilutive effect of unearned restricted stock 1,181 - Diluted weighted average shares outstanding 2,026,099 2,076,337 Basic earnings per share $ 0.50 $ 0.31 Diluted earnings per share (1) $ 0.50 $ 0.31 (1) Options to purchase 169,500 shares, representing all outstanding options, were not included in the computation of diluted earnings per share for the year ended December 31, 2016 because the impact was anti-dilutive. There were no options to purchase shares for the year ended December 31, 2015. As an “emerging growth company,” as defined in Title 1 of 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 December 31, 2016, there is no significant difference in the comparability of the consolidated financial statements as a result of this extended transition period. In May 2014 and August 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606).” The objective of this ASU is to clarify principles for recognizing revenue and to develop a common revenue standard for Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards. The guidance in ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Under the extended transition period for an emerging growth company, the amendments in ASU 2015-14 defer the effective date of ASU 2014-09 to annual reporting periods beginning after December 31, 2017, and interim periods within that period. Earlier application is permitted only as of an annual reporting period beginning after December 31, 2016, including interim reporting periods within that reporting period. The adoption of ASU 2014-09 is not expected to have a material impact on the Company’s consolidated financial statements. In May 2015, the FASB issued ASU 2015-07, “Fair Value Measurement (Topic 820) - Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent).” The objective of this update is to address the diversity in practice related to how certain investments measured at net asset value with redemption dates in the future are categorized within the fair value hierarchy. The amendments in this update remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The amendments also remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. Rather, those disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient. Under the extended transition period for an emerging growth company, the amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements. In January 2016, the FASB issued 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 fiscal years beginning after December 15, 2019. Early application of item 5 above is permitted for fiscal years, or interim periods for which financial statements have not yet been issued. Early application 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 No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgement to determine which loss estimation method is appropriate for their circumstances. Additionally, the 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, this update will be effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted in interim and annual reporting periods beginning after December 15, 2018. The Company is currently evaluating the amendments of ASU No. 2016-13 to determine the potential impact the new standard will have on the Company’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments.” Current GAAP is unclear or does not include specific guidance on how to classify certain transactions in the statement of cash flows. This ASU is intended to reduce diversity in practice in how eight particular transactions are classified in the statement of cash flows. Under the extended transition period for an emerging growth company, the amendments in ASU 2016-15 are effective for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, provided that all of the amendments are adopted in the same period. Entities will be required to apply the guidance retrospectively. If it is impracticable to apply the guidance retrospectively for an issue, the amendments related to that issue would be applied prospectively. As this guidance only affects the classification within the statement of cash flows, ASU 2016-15 is not expected to have a material impact on the Company’s consolidated financial statements. In November 2016, the FASB issued ASU 2016-18 “Statement of Cash Flows – Restricted Cash (Topic 230).” The amendments in this update require that a statement of cash flows expla

INVESTMENTS IN SECURITIES

INVESTMENTS IN SECURITIES	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Securities	NOTE 3 - INVESTMENTS IN SECURITIES Investments in securities have been classified in the consolidated balance sheets according to management’s intent. Amortized Gross Gross Cost Unrealized Unrealized Fair Basis Gains Losses Value (In Thousands) Available-for-sale securities: December 31, 2016: Debt securities issued by U.S. government corporations and agencies $ 8,980 $ 7 $ 53 $ 8,934 Debt securities issued by states of the United States and political subdivisions of the states 2,696 - 50 2,646 Mortgage-backed securities 5,557 5 101 5,461 $ 17,233 $ 12 $ 204 $ 17,041 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: December 31, 2016: Mortgage-backed securities $ 104 $ 31 $ - $ 135 $ 104 $ 31 $ - $ 135 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 $ 499 $ - $ - Due after one year through five years 9,555 - - Due after five years through ten years 1,267 - - Due after ten years 259 - - Mortgage-backed securities 5,461 104 135 $ 17,041 $ 104 $ 135 During 2016, proceeds from sales of available-for-sale securities amounted to $ 1.2 27,000 428,000 10,000 10,000 4,000 As of December 31, 2016 and 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) December 31, 2016: Debt securities issued by U.S. government corporations and agencies $ 7,430 $ 53 $ - $ - $ 7,430 $ 53 Debt securities issued by states of the United States and political subdivisions of the states 2,215 35 431 15 2,646 50 Mortgage-backed securities 3,342 52 1,660 49 5,002 101 Total temporarily impaired securities $ 12,987 $ 140 $ 2,091 $ 64 $ 15,078 $ 204 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 December 31, 2016, investment securities with unrealized losses consist of 17 debt securities issued by U.S. government corporations and government-sponsored agencies, 12 debt securities issued by states of the United States and political subdivisions of the states and mortgage-backed securities consisting of 28 government agencies and government sponsored enterprises and 1 private label. 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. Upon acquisition of a security, the Company decides whether it is within the scope of the accounting guidance for beneficial interests in securitized financial assets or will be evaluated for impairment under the accounting guidance for investments in debt and equity securities. The accounting guidance for beneficial interests in securitized financial assets provides incremental impairment guidance for a subset of debt securities within the scope of the guidance for investments in debt and equity securities. For securities where the security is a beneficial interest in securitized financial assets, the Company uses the beneficial interests in securitized financial assets impairment model. For securities where the security is not a beneficial interest in securitized financial assets, the Company uses the debt and equity securities impairment model. No other-than-temporary impairment losses were recognized for the year ended December 31, 2016. For the year ended December 31, 2015, debt securities with other-than-temporary impairment losses related to credit quality that were recognized in earnings consisted of one non-agency mortgage-backed security. The Company estimated the credit component portion of loss for the non-agency mortgage-backed securities using a discounted cash flow model. Significant inputs for the non-agency mortgage-backed securities included estimated cash flows of the underlying collateral based on key assumptions such as default rate, loss severity and prepayment rate. The present value of the expected cash flows were compared to the Company’s holdings to determine the credit-related impairment loss. Based on the expected cash flows derived from the model, the Company expects to recover the remaining unrealized losses on non-agency mortgage-backed securities.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
LOANS	NOTE 4 - LOANS December 31, December 31, 2016 2015 (In Thousands) Real estate loans: One-to four- family residential $ 133,997 $ 104,861 Commercial 23,368 21,848 Multi-family 19,503 16,559 Home equity loans and lines of credit 2,294 2,093 Construction 27,185 18,755 Commercial and industrial loans 2,885 3,964 Consumer loans: Consumer lines of credit 22 20 Other consumer loans 1,910 3,060 211,164 171,160 Net deferred loan origination fees, costs, premiums and discounts 371 153 Allowance for loan losses (1,049) (886) Net loans $ 210,486 $ 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 Lines of Credit Other Consumer Unallocated Total (In Thousands) December 31, 2016: Allowance for loan losses: Beginning balance $ 373 $ 146 $ 62 $ 14 $ 216 $ 13 $ 1 $ 29 $ 32 $ 886 Charge-offs - - - - - - - (8) - (8) Recoveries - - - - - - - 1 - 1 Provision (benefit) 76 (12) 12 (2) 124 (3) - (7) (18) 170 Ending balance $ 449 $ 134 $ 74 $ 12 $ 340 $ 10 $ 1 $ 15 $ 14 $ 1,049 Ending balance: Individually evaluated for impairment $ 21 $ - $ - $ - $ - $ - $ - $ - $ - $ 21 Ending balance: Collectively evaluated for impairment 428 134 74 12 340 10 1 15 14 1,028 Total allowance for loan losses ending balance $ 449 $ 134 $ 74 $ 12 $ 340 $ 10 $ 1 $ 15 $ 14 $ 1,049 Loans: Ending balance: Individually evaluated for impairment $ 3,406 $ 650 $ - $ 6 $ - $ - $ - $ - $ - $ 4,062 Ending balance: Collectively evaluated for impairment 130,591 22,718 19,503 2,288 27,185 2,885 22 1,910 - 207,102 Total loans ending balance $ 133,997 $ 23,368 $ 19,503 $ 2,294 $ 27,185 $ 2,885 $ 22 $ 1,910 $ - $ 211,164 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: Beginning balance $ 362 $ 134 $ 36 $ 27 $ 121 $ 8 $ 1 $ 20 $ 34 $ 743 Charge-offs - - - - - - - (1) - (1) Recoveries - - - - - - - - - - Provision (benefit) 11 12 26 (13) 95 5 - 10 (2) 144 Ending balance $ 373 $ 146 $ 62 $ 14 $ 216 $ 13 $ 1 $ 29 $ 32 $ 886 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 Certain directors and executive officers of the Company and companies in which they have significant ownership interest were customers of the Bank during 2016. Total loans to such persons and their companies amounted to $ 281,000 401,000 120,000 90 Days 90 Days or More 30-59 Days 60-89 Days or More Total Total Past Due Nonaccrual Past Due Past Due Past Due Past Due Current Total and Accruing Loans (In Thousands) December 31, 2016: Real estate loans: One- to four-family residential $ 118 $ - $ - $ 118 $ 133,879 $ 133,997 $ - $ - Commercial - - - - 23,368 23,368 - - Multi-family - - - - 19,503 19,503 - - Home equity loans and lines of credit - - - - 2,294 2,294 - - Construction - - - - 27,185 27,185 - - Commercial and industrial loans - - - - 2,885 2,885 - - Consumer loans: Consumer lines of credit - - - - 22 22 - - Other consumer - - - - 1,910 1,910 - - Total $ 118 $ - $ - $ 118 $ 211,046 $ 211,164 $ - $ - 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 Recorded Principal Related Investment Balance Allowance (In Thousands) December 31, 2016: With no related allowance recorded: Real estate loans: One- to four-family residential $ 2,839 $ 2,839 $ - Commercial 650 650 - Home equity loans and lines of credit 6 88 - Total impaired with no related allowance $ 3,495 $ 3,577 $ - With an allowance recorded: Real estate loans: One- to four-family residential $ 567 $ 567 $ 21 Commercial - - - Home equity loans and lines of credit - - - Total impaired with an allowance recorded $ 567 $ 567 $ 21 Total Real estate loans: One- to four-family residential $ 3,406 $ 3,406 $ 21 Commercial 650 650 - Home equity loans and lines of credit 6 88 - Total impaired loans $ 4,062 $ 4,144 $ 21 December 31, 2015: With no related allowance recorded: Real estate loans: One- to four-family residential $ 5,098 $ 5,098 $ - Commercial 679 679 - Home equity loans and lines of credit 59 141 - Total impaired with no related allowance $ 5,836 $ 5,918 $ - With an allowance recorded: Real estate loans: One- to four-family residential $ 567 $ 567 $ 21 Commercial - - - Home equity loans and lines of credit - - - Total impaired with an allowance recorded $ 567 $ 567 $ 21 Total Real estate loans: One- to four-family residential $ 5,665 $ 5,665 $ 21 Commercial 679 679 - Home equity loans and lines of credit 59 141 - Total impaired loans $ 6,403 $ 6,485 $ 21 Year Ended Year Ended December 31, 2016 December 31, 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance recorded: Real estate loans: One- to four-family residential $ 3,417 $ 156 $ 5,657 $ 183 Commercial 666 42 689 44 Home equity loans and lines of credit 37 5 54 4 Total impaired with no related allowance $ 4,120 $ 203 $ 6,400 $ 231 With an allowance recorded: Real estate loans: One- to four-family residential $ 567 $ 24 $ 571 $ 19 Commercial - - - - Home equity loans and lines of credit - - - - Total impaired with an allowance recorded $ 567 $ 24 $ 571 $ 19 Total Real estate loans: One- to four-family residential $ 3,984 $ 180 $ 6,228 $ 202 Commercial 666 42 689 44 Home equity loans and lines of credit 37 5 54 4 Total impaired loans $ 4,687 $ 227 $ 6,971 $ 250 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) December 31, 2016: Grade: Pass $ - $ 22,718 $ 19,503 $ - $ 27,185 $ 2,885 $ - $ - $ 72,291 Special mention 2,016 650 - - - - - 2,666 Substandard 567 - - 6 - - - - 573 Loans not formally rated 131,414 - - 2,288 - - 22 1,910 135,634 Total $ 133,997 $ 23,368 $ 19,503 $ 2,294 $ 27,185 $ 2,885 $ 22 $ 1,910 $ 211,164 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 December 31, 2016 and 2015, there were no loans rated “doubtful” or “loss.” Credit Quality Information The Company utilizes a seven grade internal loan rating system for commercial and multi-family 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 and multi-family real estate, construction and commercial loans. For residential real estate, home equity loans and lines of credit 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 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. During the year ended December 31, 2016, there were five loans modified as TDRs. Three of the modified loans, with a total post-modification recorded investment of $ 1.6 Pre-Modification Post-Modification Number of Outstanding Recorded Outstanding Recorded Contracts Investment Investment (Dollars In Thousands) December 31, 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 Pre-Modification Post-Modification Number of Outstanding Recorded Outstanding Recorded Contracts Investment Investment (Dollars In Thousands) December 31, 2015: Troubled Debt Restructurings: Real estate loans: One- to four- family residential 2 $ 1,088 $ 1,088 Home equity loans and lines of credit 2 59 59 4 $ 1,147 $ 1,147 There were no loans modified as TDRs As of December 31, 2016 and 2015, there were no commitments to lend additional funds to borrowers whose loans were modified as troubled debt restructurings. TDRs during the years ended Rate Interest Only Rate Reduction and Reduction Period Interest Only Period (In Thousands) December 31, 2016: Real estate loans: One- to four- family residential $ - $ 2,121 $ - Home equity loans and lines of credit - 59 - Total $ - $ 2,180 $ - December 31, 2015: Real estate loans: One- to four- family residential $ - $ 1,088 $ - Home equity loans and lines of credit - 59 - Total $ - $ 1,147 $ - An analysis of the loans modified as TDRs was performed as of December 31, 2016. An allowance of $ 21,000 As of December 31, 2016, there were no consumer mortgage loans collateralized by residential real estate in the process of foreclosure. Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid balances of mortgage and other loans serviced for others were $ 24.3 21.8 On March 25, 2016, the Company entered into an agreement to purchase $ 20.0 50 50 1

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	NOTE 5 - PREMISES AND EQUIPMENT December 31, 2016 2015 (In Thousands) Land $ 864 $ 864 Buildings and improvements 5,383 5,380 Furniture and equipment 2,283 2,251 8,530 8,495 Accumulated depreciation and amortization (3,611) (3,318) $ 4,919 $ 5,177

INVESTMENT IN REAL ESTATE

INVESTMENT IN REAL ESTATE	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
INVESTMENT IN REAL ESTATE	NOTE 6 - INVESTMENT IN REAL ESTATE December 31, 2016 2015 (In Thousands) Land $ 453 $ 453 Buildings and improvements 1,489 1,489 1,942 1,942 Accumulated depreciation (408) (364) $ 1,534 $ 1,578 The Company’s rental income for the years ended December 31, 2016 and 2015, amounted to $ 253,000 258,000

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
DEPOSITS	NOTE 7 - DEPOSITS The aggregate amount of time deposit accounts in denominations that meet or exceed the Federal Deposit Insurance Corporation (FDIC) insurance limit (currently $250,000) at December 31, 2016 and December 31, 2015 was $ 22.3 20.9 5.0 (In Thousands) 2017 $ 47,847 2018 25,303 2019 2,767 2020 9,349 2021 3,730 Total $ 88,996 There were $ 7.3

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
FEDERAL HOME LOAN BANK ADVANCES	NOTE 8 - FEDERAL HOME LOAN BANK ADVANCES (In Thousands) 2017 $ 5,842 2018 8,911 2019 3,739 2020 1,713 2021 1,124 Thereafter 16,000 $ 37,329 Interest rates ranged from 0.39 1.51 0.99 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.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 - INCOME TAXES Years Ended December 31, 2016 2015 (In Thousands) Current: Federal $ 572 $ 338 State 157 90 729 428 Deferred: Federal (103) (46) State (32) (17) Change in valuation allowance (92) - (227) (63) Total income tax expense $ 502 $ 365 Years Ended December 31, 2016 2015 % of % of Income Income Statutory federal income tax rate 34.0 % 34.0 % Increase (decrease) in tax rates resulting from: Tax-exempt income (1.8) (3.7) Other 1.7 0.7 State taxes, net of federal tax 5.5 4.8 Change in valuation allowance (6.1) - Effective tax rates 33.3 % 35.8 % December 31, 2016 2015 (In Thousands) Deferred tax assets: Allowance for loan losses $ 423 $ 358 Securities capital loss carryforwards 37 46 Writedown of securities 17 16 Interest on nonaccrual loans - 46 Net unrealized holding loss on available-for-sale securities 71 54 Charitable contribution carryovers 178 249 Stock expense 50 - ESOP expense 11 2 Deferred compensation 73 - Other 7 - Gross deferred tax assets 867 771 Valuation allowance (37) (129) Gross deferred tax assets after valuation allowance 830 642 Deferred tax liabilities: Book basis in excess of tax basis of premises and equipment (90) (146) Gross deferred tax liabilities (90) (146) Net deferred tax asset $ 740 $ 496 As of December 31, 2016 and 2015, the Company had no operating loss and tax credit carryovers for tax purposes. As of December 31, 2016, the Company had capital loss carryovers of $ 110,000 2019 37,000 In connection with its initial public offering, the Company donated common stock and cash in the amount of $ 725,000 446,000 2019 178,000 83,000 In prior years, the Bank was allowed a special tax-basis bad debt deduction under certain provisions of the Internal Revenue Code. As a result, retained earnings of the Bank as of December 31, 2016 includes approximately $ 1,094,000 40

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
EMPLOYEE BENEFITS	NOTE 10 - EMPLOYEE BENEFITS 401(k) Plan The Company provides a savings and retirement plan for employees through the Co-operative Banks’ Employees Retirement Association (CBERA) 401(k) Plan, which is a multiple employer tax-qualified profit sharing plan with a salary deferral feature under Section 401(k) of the Internal Revenue Code (“401(k) Plan”). All employees who have attained age 21 250 The plan provides for voluntary contributions by participating employees ranging from 1 75 100 5 88,000 82,000 Incentive Plan The Company has a discretionary Incentive Plan whereby all employees are eligible to receive a payment if the Company meets or exceeds certain base performance standards for its fiscal year. The structure of the Incentive Plan is to be reviewed on an annual basis by the Board of Directors. Executive Annual Incentive Plan The Company adopted an executive incentive plan effective January 1, 2015, which superseded and replaced the discretionary bonus arrangement above for certain named executive officers. For each plan year (which is the calendar year), each participant will receive an award agreement, which will provide the annual bonus award amount, designated as a percentage of base salary, and the performance objectives that must be satisfied for the participant to receive the annual bonus award. The specific performance objectives will be determined annually by the Company, but generally include objective performance targets on financial performance, growth, asset quality and risk management and subjective performance objectives, such as particular qualitative factors for the participant, based on his or her duties to the Company. Each performance objective will specify level of achievements at “threshold,” “target” and “maximum” levels and will be weighted by priority as a percentage of the total annual bonus award payable to the participant. Incentive compensation expense for the Incentive and the Executive Annual Incentive Plans for the years ended December 31, 2016 and 2015 amounted to $ 126,000 132,000 Executive Supplemental Retirement Plan The Company adopted a supplemental executive retirement plan (“SERP”) effective January 1, 2014. The SERP is a non-qualified retirement plan that provides supplemental retirement benefits to participants who are key employees as designated by the Compensation Committee. The President and Chief Executive Officer is currently the only participant in the SERP. Total expense for the plan for the years ended December 31, 2016 and 2015 amounted to $ 48,000 46,000 Equity Incentive Plan 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 year ended December 31, 2016 are as follows: Stock Option Assumptions Expected life 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 A summary of activity for the 2015 Equity Incentive Plan as of and for the year ended December 31, 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 9.4 years Weighted average exercise price $ 12.85 Aggregate intrinsic value $ 364,000 Non-vested Restricted Stock 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 December 31, 2016, unrecognized share-based compensation expense related to non-vested options amounted to $ 474,000 806,000 4.1 For the year ended December 31, 2016, the Company recognized stock option related compensation expense of $ 63,000 8,000 106,000 42,000 Employee Stock Ownership Plan The Company adopted a tax-qualified employee stock ownership plan (“ESOP”) for the benefit of eligible employees. On October 10, 2014, in accordance with a Plan of Conversion (the “Conversion”), Conahasset Bancshares, MHC, the Bank’s former mutual holding company, completed a mutual-to-stock conversion pursuant to which the Bank became a wholly owned subsidiary of Pilgrim Bancshares, Inc., (the “Company”) a stock holding company incorporated in February 2014. The Company completed its initial public offering in connection with the conversion transaction by selling a total of 2,182,125 10.00 179,807 The ESOP funded its stock purchase through a loan from the Company equal to 100 28.2 The trustee will hold the shares purchased by the ESOP in an unallocated suspense account. Shares will be released from the suspense account on a pro-rata basis as the loan is repaid. The trustee will allocate the shares released among the participants’ accounts on the basis of each participant’s proportional share of compensation relative to all participants. Participants will vest in their benefit at a rate of 20 100 Under applicable accounting requirements, the Company will record a compensation expense for the ESOP equal to the fair market value of the shares when they are committed to be released from the suspense account to participants' accounts under the plan. At December 31, 2016 and 2015, the remaining principal balance on the ESOP debt was $ 1.6 1.7 Total compensation expense recognized in connection with the ESOP was $ 80,000 70,000 Years Ending December 31, Amount ( In Thousands) 2017 $ 36 2018 38 2019 39 2020 40 2021 42 Thereafter 1,451 $ 1,646 2016 2015 Allocated 11,987 5,994 Committed to be allocated 5,994 5,993 Unallocated 161,826 167,820 Paid out to participants (6) - Shares held by ESOP 179,801 179,807 The fair value of unallocated ESOP shares was $ 2.4 2.2 Employment Agreements The Bank has entered into an employment agreement with its President and Chief Executive Officer, with an initial term of three years. The agreement provides for a specified minimum annual compensation and the continuation of benefits currently received upon termination events, including a change in control, as defined in the agreement. The Bank has also entered into change in control agreements with two officers of the Bank with an initial term of two years, which provide for a lump sum severance payment, subject to limitations. These agreements must be approved by the Board of Directors on an annual basis after the initial term, with an extension for an additional year. If the Board of Directors determines not to extend the term, a notice of non-renewal must be issued.

OFF-BALANCE SHEET ACTIVITIES

OFF-BALANCE SHEET ACTIVITIES	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
OFF-BALANCE SHEET ACTIVITIES	NOTE 11 - OFF-BALANCE SHEET ACTIVITIES The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held varies but usually includes income-producing commercial properties or residential real estate. At December 31, 2016 2015 (In Thousands) Commitments to originate loans $ 5,958 $ 5,747 Unadvanced funds on loans: Home equity lines of credit 4,087 4,257 Construction loans 12,608 13,006 Commercial lines of credit 3,816 1,513 Consumer 117 118 $ 26,586 $ 24,641 The Company accrues credit losses related to off-balance sheet financial instruments. Potential losses on off-balance sheet loan commitments are estimated using the same risk factors used to determine the allowance for loan losses. The allowance for off-balance sheet credit losses is recorded within other liabilities on the consolidated balance sheet. The balance as of December 31, 2016 and 2015 was $ 11,000 9,000

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 12 - COMMITMENTS AND CONTINGENT LIABILITIES In April 2012, the Company amended its agreement originally dated March 10, 2007

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 13 - 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. Level 1 also includes U.S. Treasury, other U.S. Government and agency mortgage-backed securities that are traded by dealers or brokers in active markets. 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 December 31, 2016 and 2015. The Company did not have any significant transfers between level 1 and level 2 of the fair value hierarchy during the year ended December 31, 2016. 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. 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) December 31, 2016 : Debt securities issued by U.S. government corporations and agencies $ 8,934 $ - $ 8,934 $ - Debt securities issued by states of the United States and political subdivisions of the states 2,646 - 2,646 - Mortgage-backed securities 5,461 - 5,461 - Totals $ 17,041 $ - $ 17,041 $ - 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. 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) December 31, 2016: Impaired loans $ 552 $ - $ - $ 552 Totals $ 552 $ - $ - $ 552 December 31, 2015: Impaired loans $ 552 $ - $ - $ 552 Totals $ 552 $ - $ - $ 552 December 31, 2016 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 11,188 $ 11,188 $ - $ - $ 11,188 Interest-bearing time deposits with other banks 1,092 - 1,098 - 1,098 Available-for-sale securities 17,041 - 17,041 - 17,041 Held-to-maturity securities 104 - 135 - 135 Federal Home Loan Bank stock 2,299 2,299 - - 2,299 Investment in The Co-operative Central Reserve Fund 384 384 - - 384 Loans, net 210,486 - - 211,328 211,328 Accrued interest receivable 599 599 - - 599 Financial liabilities: Deposits 182,086 - 182,676 - 182,676 FHLB advances 37,329 - 37,089 - 37,089 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 December 31, 2016 and 2015 under the indicated captions. Accounting policies related to financial instruments are described in Note 2.

SIGNIFICANT GROUP CONCENTRATION

SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK	12 Months Ended
	Dec. 31, 2016
Risks and Uncertainties [Abstract]
SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK	NOTE 14 - SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK Most of the Bank’s business activity is with customers located within the Commonwealth of Massachusetts. There are no concentrations of credit to borrowers that have similar economic characteristics. The majority of the Bank’s loan portfolio is comprised of loans collateralized by real estate located in the Commonwealth of Massachusetts.

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
REGULATORY MATTERS	NOTE 15 - REGULATORY MATTERS 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 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 regulations require a common equity Tier 1 (“CET 1”) capital ratio of 4.5 6.0 8.0 4.0 6.5 8.0 10.0 5.0 0.625 0.625 2.5 Management believes, as of December 31, 2016, that the Bank meets all capital adequacy requirements to which it is subject. As of December 31, 2016, 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 Common Equity Tier 1, total risk-based, Tier 1 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 December 31, 2016: Total Capital (to Risk Weighted Assets) $ 24,440 14.56 % $ 13,424 8.0 % $ 16,781 10.0 % Tier 1 Capital (to Risk Weighted Assets) 23,380 13.93 10,068 6.0 13,424 8.0 Common Equity Tier 1 Capital (to Risk Weighted Assets) 23,380 13.93 7,551 4.5 10,907 6.5 Tier 1 Capital (to Average Assets) 23,380 9.38 9,970 4.0 12,463 5.0 As of December 31, 2015: Total Capital (to Risk Weighted Assets) $ 23,066 16.18 % $ 11,408 8.0 % $ 14,260 10.0 % Tier 1 Capital (to Risk Weighted Assets) 22,171 15.55 8,556 6.0 11,408 8.0 Common Equity Tier 1 Capital (to Risk Weighted Assets) 22,171 15.55 6,417 4.5 9,269 6.5 Tier 1 Capital (to Average Assets) 22,171 10.86 8,169 4.0 10,211 5.0

RECLASSIFICATION

RECLASSIFICATION	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
RECLASSIFICATION	NOTE 16 - RECLASSIFICATION Certain amounts in the 2015 consolidated financial statements have been reclassified to be consistent with the current period presentation.

CONDENSED PARENT COMPANY FINANC

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
CONDENSED PARENT COMPANY FINANCIAL STATEMENTS	NOTE 17 – CONDENSED PARENT COMPANY FINANCIAL STATEMENTS Pilgrim Bancshares, Inc. BALANCE SHEETS At December 31, 2016 2015 (In Thousands) ASSETS Noninterest bearing deposits $ 7,702 $ 8,158 Loan to the ESOP 1,646 1,682 Investment in subsidiary 23,259 22,078 Other assets 353 221 Total assets $ 32,960 $ 32,139 LIABILITIES AND STOCKHOLDERS' EQUITY Other liabilities $ 313 $ 170 Stockholders' equity 32,647 31,969 Total liabilities and stockholders' equity $ 32,960 $ 32,139 Pilgrim Bancshares, Inc. STATEMENTS OF INCOME Years Ended December 31, 2016 2015 (In Thousands) Interest income from ESOP loan $ 59 $ 56 Other noninterest expense 119 137 Loss before income tax benefit and equity in undistributed net income of the Bank (60) (81) Income tax benefit (107) (32) Income (loss) before equity in undistributed net income of subsidiary 47 (49) Equity in undistributed net income of subsidiary 960 703 Net income $ 1,007 $ 654 Pilgrim Bancshares, Inc. STATEMENTS OF CASH FLOWS Years Ended December 31, 2016 2015 (In Thousands) Cash flows from operating activities: Net income $ 1,007 $ 654 Adustments to reconcile net income to net cash provided by operating activities: Repayment of principal on ESOP loan 36 37 Equity in undistributed income of subsidiary (960) (703) Deferred tax (benefit) expense (37) 40 Increase in other assets (95) (72) Increase in other liabilities 143 137 Net cash provided by operating activities 94 93 Cash flows from financing activities: Retirement of common stock (550) (298) Issuance costs related to initial public offering - (17) Net cash used in financing activities (550) (315) Net change in cash and cash equivalents (456) (222) Cash and cash equivalents at beginning of period 8,158 8,380 Cash and cash equivalents at end of period $ 7,702 $ 8,158

QUARTERLY DATA (UNAUDITED)

QUARTERLY DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY DATA (UNAUDITED)	NOTE 18 - QUARTERLY DATA (UNAUDITED) Years Ended December 31, 2016 2015 Fourth Third Second First Fourth Third Second First Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter (In Thousands) Interest and dividend income $ 2,235 $ 2,194 $ 1,928 $ 1,866 $ 1,837 $ 1,772 $ 1,682 $ 1,606 Interest expense 429 426 374 352 310 268 253 254 Net interest and dividend income 1,806 1,768 1,554 1,514 1,527 1,504 1,429 1,352 Provision for loan losses 36 62 36 36 48 36 38 22 Net interest and dividend income, after provision for loan losses 1,770 1,706 1,518 1,478 1,479 1,468 1,391 1,330 Total noninterest income 114 155 146 147 149 156 133 159 Total noninterest expense 1,381 1,401 1,365 1,378 1,285 1,304 1,313 1,344 Income before income taxes 503 460 299 247 343 320 211 145 Provision for income taxes 113 184 114 91 127 117 77 44 Net income $ 390 $ 276 $ 185 $ 156 $ 216 $ 203 $ 134 $ 101 Earnings per share: Basic $ 0.19 $ 0.14 $ 0.09 $ 0.08 $ 0.10 $ 0.10 $ 0.06 $ 0.05 Diluted $ 0.19 $ 0.14 $ 0.09 $ 0.08 $ 0.10 $ 0.10 $ 0.06 $ 0.05

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Use of Estimates	USE OF ESTIMATES: In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, 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. Estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of deferred tax assets.
Basis of Presentation	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.
Cash and Cash Equivalents	CASH AND CASH EQUIVALENTS: For purposes of reporting cash flows, cash and cash equivalents include cash on hand, cash items, due from banks and interest-bearing demand deposits with other banks. The Bank is required to maintain average balances on hand or with the Federal Reserve Bank. At December 31, 2016 and 2015, these reserve balances amounted to $ 836,000 820,000
Securities	SECURITIES: Investments in debt securities are adjusted for amortization of premiums and accretion of discounts so as to approximate the interest method. Gains or losses on sales of investment securities are computed on a specific identification basis. The Company classifies debt and equity securities into one of three categories: held-to-maturity, available-for-sale, or trading. These security classifications may be modified after acquisition only under certain specified conditions. In general, securities may be classified as held-to-maturity only if the Company has the positive intent and ability to hold them to maturity. Trading securities are defined as those bought and held principally for the purpose of selling them in the near term. All other securities must be classified as available-for-sale. — Held-to-maturity securities are measured at amortized cost in the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings or in a separate component of stockholders’ equity. They are merely disclosed in the notes to the consolidated financial statements. — Available-for-sale securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings, but are reported as a net amount (less expected tax) in a separate component of stockholders’ equity until realized. — Trading securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses for trading securities are included in earnings. For any debt security with a fair value less than its amortized cost basis, the Company will determine whether it has the intent to sell the debt security or whether it is more likely than not it will be required to sell the debt security before the recovery of its amortized cost basis. If either condition is met, the Company will recognize a full impairment charge to earnings. For all other debt securities that are considered other-than-temporarily impaired and do not meet either condition, the credit loss portion of impairment will be recognized in earnings as realized losses. The other-than-temporary impairment related to all other factors will be recorded in other comprehensive income. Declines in marketable equity securities below their cost that are deemed other than temporary are reflected in earnings as realized losses.
Federal Home Loan Bank Stock	FEDERAL HOME LOAN BANK STOCK: The Company is required to own shares of capital stock in the Federal Home Loan Bank of Boston (FHLB) in order to borrow from the FHLB. The stock is carried at its cost and evaluated for impairment based on the ultimate recoverability of the cost basis of the FHLB stock.
Loans	LOANS: Loans receivable that management has the intent and ability to hold until maturity or payoff are reported at their outstanding principal balances adjusted for amounts due borrowers on unadvanced loans, any charge-offs, the allowance for loan losses and any deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans. Interest on loans is recognized on a simple interest basis. Loan origination and commitment fees and certain direct origination costs are deferred, and the net amount amortized as an adjustment of the related loan's yield. The Company is amortizing these amounts over the contractual lives of the related loans. Residential real estate loans are generally placed on nonaccrual when reaching 90 90 120 180 90 Cash receipts of interest income on impaired loans are credited to principal to the extent necessary to eliminate doubt as to the collectibility of the net carrying amount of the loan. Some or all of the cash receipts of interest income on impaired loans are recognized as interest income if the remaining net carrying amount of the loan is deemed to be fully collectible. When recognition of interest income on an impaired loan on a cash basis is appropriate, the amount of income that is recognized is limited to that which would have been accrued on the net carrying amount of the loan at the contractual interest rate. Any cash interest payments received in excess of the limit and not applied to reduce the net carrying amount of the loan are recorded as recoveries of charge-offs until the charge-offs are fully recovered.
Allowance for Loan Losses	ALLOWANCE FOR LOAN LOSSES: The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. General Component: The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, multi-family real estate, home equity loans and lines of credit, construction, commercial and industrial, and consumer. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies and underlying collateral values; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during the years ended December 31, 2016 and 2015. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate: The Company generally does not originate loans with a loan-to-value ratio greater than 80 Commercial and multi-family real estate: Loans in this segment are primarily income-producing properties throughout Eastern Massachusetts, specifically the South Shore. The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management periodically obtains rent rolls and continually monitors the cash flows of these loans. Construction loans: Loans in this segment include land, speculative residential properties, investment, multifamily, rehab to permanent investment properties and owner occupied residential properties. Payment is derived from sale of the property or long term rental cash flows once converted to permanent financing. Credit risk is affected by cost overruns, time to sell at an adequate price, vacancies and market conditions. Commercial and industrial loans: Loans in this segment are made to businesses, are generally secured by assets of the business and are primarily guaranteed by the United States Government. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Consumer loans: Loans in this segment are primarily secured by automobiles and repayment is dependent on the credit quality of the individual borrower. Allocated Component: The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan by loan basis for commercial and industrial, commercial and multi-family real estate and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer, home equity loans and lines of credit and residential real estate loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company periodically may agree to modify the contractual terms of loans on a temporary or permanent basis. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. Unallocated Component: An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.
Premises and Equipment	PREMISES AND EQUIPMENT AND INVESTMENT IN REAL ESTATE: Land is stated at cost. Premises, investment in real estate and equipment are stated at cost, less accumulated depreciation and amortization. Cost and related allowances for depreciation and amortization of premises, investment in real estate and equipment retired or otherwise disposed of are removed from the respective accounts with any gain or loss included in income or expense. Depreciation and amortization are calculated principally on a straight-line basis over the estimated useful lives of the assets. Useful lives are dependent upon the nature and condition of the asset and range from three years to 40 Premises and equipment and investment in real estate are periodically evaluated for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment exists when the expected undiscounted future cash flows of premises and equipment and investment in real estate are less than their carrying amounts. In that event, the Company records a loss of the difference between the carrying amount and the fair value of the asset based on quoted market prices, if applicable, or a discounted cash flow analysis.
Other Real Estate Owned and In-Substance Foreclosures	OTHER REAL ESTATE OWNED AND IN-SUBSTANCE FORECLOSURES: Other real estate owned includes properties acquired through foreclosure and properties classified as in-substance foreclosures in accordance with Accounting Standards Codification (ASC) 310-40, “Receivables - Troubled Debt Restructurings by Creditors." These properties are initially recorded at their estimated fair value less estimated cost to sell at the date of foreclosure or transfer, establishing a new cost basis. Subsequent to foreclosure or transfer, valuations are periodically performed by management and assets are carried at the lower of carrying amount or fair value less cost to sell. Any write-down from cost to estimated fair value required at the time of foreclosure or classification as an in-substance foreclosure is charged to the allowance for loan losses. Expenses incurred in connection with maintaining these assets, subsequent write-downs and gains or losses recognized upon sale are included in other expense. The Company classifies commercial loans as in-substance repossessed or foreclosed if the Company receives physical possession of the debtor’s assets regardless of whether formal foreclosure proceedings take place. An in-substance repossession or foreclosure occurs, and the Company is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan upon either: (1) obtaining legal title to the residential real estate property upon completion of a foreclosure; or (2) the borrower conveying all interest in the residential real estate property to the Company to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement.
Bank-Owned Life Insurance	BANK-OWNED LIFE INSURANCE: The Company has purchased insurance policies on the lives of certain directors, executive officers and employees. Bank-owned life insurance policies are reflected on the consolidated balance sheets at cash surrender value. Changes in net cash surrender value of the policies, as well as insurance proceeds received, are reflected in non-interest income on the consolidated statements of income and are not subject to income taxes.
Advertising	ADVERTISING: The Company directly expenses costs associated with advertising as they are incurred.
Employee Stock Ownership Plan	EMPLOYEE STOCK OWNERSHIP PLAN: Compensation expense for the Employee Stock Ownership Plan (“ESOP”) is recorded at an amount equal to the shares allocated by the ESOP multiplied by the average fair value of the shares during the period. The Company recognizes compensation expense ratably over the year based upon the Company’s estimate of the number of shares expected to be allocated by the ESOP. Unearned compensation applicable to the ESOP is reflected as a reduction of stockholders’ equity in the consolidated balance sheet. The difference between the average fair value and the cost of shares allocated by the ESOP is recorded as an adjustment to additional paid-in capital.
Share-based Compensation	STOCK BASED COMPENSATION: The Company recognizes stock-based compensation on the grant-date fair value of the award adjusted for expected forfeitures. The Company values share-based stock option awards granted using the Black-Scholes option-pricing model. The Company recognizes compensation expense for its awards on a straight-line basis over the requisite service period for the entire award (straight-line attribution method), ensuring that the amount of compensation cost recognized at any date at least equals the portion of the grant-date fair value of the award that is vested at that time.
Income Taxes	INCOME TAXES: The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are established for the temporary differences between the accounting basis and the tax basis of the Company's assets and liabilities at enacted tax rates expected to be in effect when the amounts related to such temporary differences are realized or settled. It is the Company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. As of December 31, 2016 and 2015, there were no material uncertain tax positions related to federal and state income tax matters. The Company is currently open to audit under the statute of limitations by the Internal Revenue Service and state taxing authorities for the years ended December 31, 2013 through December 31, 2016. Interest and penalties, if any, are recorded as income tax expense.
Fair Values of Financial Instruments	FAIR VALUES OF FINANCIAL INSTRUMENTS: 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.
Pension Plan	EARNINGS PER SHARE (EPS): The Company has adopted the EPS guidance included in 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 and unearned shares of restricted stock are not deemed outstanding for earnings per share calculations. Years Ended December 31, 2016 2015 Net income (In thousands) $ 1,007 $ 654 Basic and diluted common shares: Weighted average common shares outstanding 2,225,397 2,247,153 Weighted average unearned shares-restricted stock (35,657) - Weighted average unallocated ESOP shares (164,822) (170,816) Basic weighted average shares outstanding 2,024,918 2,076,337 Dilutive effect of unearned restricted stock 1,181 - Diluted weighted average shares outstanding 2,026,099 2,076,337 Basic earnings per share $ 0.50 $ 0.31 Diluted earnings per share (1) $ 0.50 $ 0.31 (1) Options to purchase 169,500 shares, representing all outstanding options, were not included in the computation of diluted earnings per share for the year ended December 31, 2016 because the impact was anti-dilutive. There were no options to purchase shares for the year ended December 31, 2015.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS: As an “emerging growth company,” as defined in Title 1 of 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 December 31, 2016, there is no significant difference in the comparability of the consolidated financial statements as a result of this extended transition period. In May 2014 and August 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606).” The objective of this ASU is to clarify principles for recognizing revenue and to develop a common revenue standard for Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards. The guidance in ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Under the extended transition period for an emerging growth company, the amendments in ASU 2015-14 defer the effective date of ASU 2014-09 to annual reporting periods beginning after December 31, 2017, and interim periods within that period. Earlier application is permitted only as of an annual reporting period beginning after December 31, 2016, including interim reporting periods within that reporting period. The adoption of ASU 2014-09 is not expected to have a material impact on the Company’s consolidated financial statements. In May 2015, the FASB issued ASU 2015-07, “Fair Value Measurement (Topic 820) - Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent).” The objective of this update is to address the diversity in practice related to how certain investments measured at net asset value with redemption dates in the future are categorized within the fair value hierarchy. The amendments in this update remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The amendments also remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. Rather, those disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient. Under the extended transition period for an emerging growth company, the amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements. In January 2016, the FASB issued 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 fiscal years beginning after December 15, 2019. Early application of item 5 above is permitted for fiscal years, or interim periods for which financial statements have not yet been issued. Early application 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 No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgement to determine which loss estimation method is appropriate for their circumstances. Additionally, the 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, this update will be effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted in interim and annual reporting periods beginning after December 15, 2018. The Company is currently evaluating the amendments of ASU No. 2016-13 to determine the potential impact the new standard will have on the Company’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments.” Current GAAP is unclear or does not include specific guidance on how to classify certain transactions in the statement of cash flows. This ASU is intended to reduce diversity in practice in how eight particular transactions are classified in the statement of cash flows. Under the extended transition period for an emerging growth company, the amendments in ASU 2016-15 are effective for fiscal years beginning after December 15, 2018 and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, provided that all of the amendments are adopted in the same period. Entities will be required to apply the guidance retrospectively. If it is impracticable to apply the guidance retrospectively for an issue, the amendments related to that issue would be applied prospectively. As this guidance only affects the classification within the statement of cash flows, ASU 2016-15 is not expected to have a material impact on the Company’s consolidated financial statements. In November 2016, the FASB issued ASU 2016-18 “Statement of Cash Flows – Restricted Cash (Topic 230).” The amendments in this update require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this update do not provide a definition of restricted cash or restricted cash equivalents. Under the extended transition period for an emerging growth company, the amendments in this ASU are effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. As this guidance only affects the classification within the statement of cash flows, ASU 2016-18 is not expected to have a material impact on the Company’s consolidated financial statements.

ACCOUNTING POLICIES (Tables)

ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Earnings per Common Share	EPS for the years ended December 31, 2016 and 2015 have been computed based on the following: Years Ended December 31, 2016 2015 Net income (In thousands) $ 1,007 $ 654 Basic and diluted common shares: Weighted average common shares outstanding 2,225,397 2,247,153 Weighted average unearned shares-restricted stock (35,657) - Weighted average unallocated ESOP shares (164,822) (170,816) Basic weighted average shares outstanding 2,024,918 2,076,337 Dilutive effect of unearned restricted stock 1,181 - Diluted weighted average shares outstanding 2,026,099 2,076,337 Basic earnings per share $ 0.50 $ 0.31 Diluted earnings per share (1) $ 0.50 $ 0.31 (1) Options to purchase 169,500 shares, representing all outstanding options, were not included in the computation of diluted earnings per share for the year ended December 31, 2016 because the impact was anti-dilutive. There were no options to purchase shares for the year ended December 31, 2015.

INVESTMENTS IN SECURITIES (Tabl

INVESTMENTS IN SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Values of Securities	The amortized cost basis of securities and their approximate fair values are as follows as of December 31: Amortized Gross Gross Cost Unrealized Unrealized Fair Basis Gains Losses Value (In Thousands) Available-for-sale securities: December 31, 2016: Debt securities issued by U.S. government corporations and agencies $ 8,980 $ 7 $ 53 $ 8,934 Debt securities issued by states of the United States and political subdivisions of the states 2,696 - 50 2,646 Mortgage-backed securities 5,557 5 101 5,461 $ 17,233 $ 12 $ 204 $ 17,041 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: December 31, 2016: Mortgage-backed securities $ 104 $ 31 $ - $ 135 $ 104 $ 31 $ - $ 135 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 December 31, 2016: Available-For-Sale Held-To-Maturity Amortized Fair Cost Fair Value Basis Value (In Thousands) Due within one year $ 499 $ - $ - Due after one year through five years 9,555 - - Due after five years through ten years 1,267 - - Due after ten years 259 - - Mortgage-backed securities 5,461 104 135 $ 17,041 $ 104 $ 135
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 as of December 31: Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) December 31, 2016: Debt securities issued by U.S. government corporations and agencies $ 7,430 $ 53 $ - $ - $ 7,430 $ 53 Debt securities issued by states of the United States and political subdivisions of the states 2,215 35 431 15 2,646 50 Mortgage-backed securities 3,342 52 1,660 49 5,002 101 Total temporarily impaired securities $ 12,987 $ 140 $ 2,091 $ 64 $ 15,078 $ 204 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)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Schedule of Loans	Loans consisted of the following: December 31, December 31, 2016 2015 (In Thousands) Real estate loans: One-to four- family residential $ 133,997 $ 104,861 Commercial 23,368 21,848 Multi-family 19,503 16,559 Home equity loans and lines of credit 2,294 2,093 Construction 27,185 18,755 Commercial and industrial loans 2,885 3,964 Consumer loans: Consumer lines of credit 22 20 Other consumer loans 1,910 3,060 211,164 171,160 Net deferred loan origination fees, costs, premiums and discounts 371 153 Allowance for loan losses (1,049) (886) Net loans $ 210,486 $ 170,427
Schedule of Allowance for Loan Losses	The following tables set forth information regarding the allowance for loan losses as of and for the years ended December 31: 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, 2016: Allowance for loan losses: Beginning balance $ 373 $ 146 $ 62 $ 14 $ 216 $ 13 $ 1 $ 29 $ 32 $ 886 Charge-offs - - - - - - - (8) - (8) Recoveries - - - - - - - 1 - 1 Provision (benefit) 76 (12) 12 (2) 124 (3) - (7) (18) 170 Ending balance $ 449 $ 134 $ 74 $ 12 $ 340 $ 10 $ 1 $ 15 $ 14 $ 1,049 Ending balance: Individually evaluated for impairment $ 21 $ - $ - $ - $ - $ - $ - $ - $ - $ 21 Ending balance: Collectively evaluated for impairment 428 134 74 12 340 10 1 15 14 1,028 Total allowance for loan losses ending balance $ 449 $ 134 $ 74 $ 12 $ 340 $ 10 $ 1 $ 15 $ 14 $ 1,049 Loans: Ending balance: Individually evaluated for impairment $ 3,406 $ 650 $ - $ 6 $ - $ - $ - $ - $ - $ 4,062 Ending balance: Collectively evaluated for impairment 130,591 22,718 19,503 2,288 27,185 2,885 22 1,910 - 207,102 Total loans ending balance $ 133,997 $ 23,368 $ 19,503 $ 2,294 $ 27,185 $ 2,885 $ 22 $ 1,910 $ - $ 211,164 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: Beginning balance $ 362 $ 134 $ 36 $ 27 $ 121 $ 8 $ 1 $ 20 $ 34 $ 743 Charge-offs - - - - - - - (1) - (1) Recoveries - - - - - - - - - - Provision (benefit) 11 12 26 (13) 95 5 - 10 (2) 144 Ending balance $ 373 $ 146 $ 62 $ 14 $ 216 $ 13 $ 1 $ 29 $ 32 $ 886 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	The following tables set forth information regarding nonaccrual loans and past-due loans as of December 31: 90 Days 90 Days or More 30-59 Days 60-89 Days or More Total Total Past Due Nonaccrual Past Due Past Due Past Due Past Due Current Total and Accruing Loans (In Thousands) December 31, 2016: Real estate loans: One- to four-family residential $ 118 $ - $ - $ 118 $ 133,879 $ 133,997 $ - $ - Commercial - - - - 23,368 23,368 - - Multi-family - - - - 19,503 19,503 - - Home equity loans and lines of credit - - - - 2,294 2,294 - - Construction - - - - 27,185 27,185 - - Commercial and industrial loans - - - - 2,885 2,885 - - Consumer loans: Consumer lines of credit - - - - 22 22 - - Other consumer - - - - 1,910 1,910 - - Total $ 118 $ - $ - $ 118 $ 211,046 $ 211,164 $ - $ - 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 December 31, 2016 and 2015: Unpaid Recorded Principal Related Investment Balance Allowance (In Thousands) December 31, 2016: With no related allowance recorded: Real estate loans: One- to four-family residential $ 2,839 $ 2,839 $ - Commercial 650 650 - Home equity loans and lines of credit 6 88 - Total impaired with no related allowance $ 3,495 $ 3,577 $ - With an allowance recorded: Real estate loans: One- to four-family residential $ 567 $ 567 $ 21 Commercial - - - Home equity loans and lines of credit - - - Total impaired with an allowance recorded $ 567 $ 567 $ 21 Total Real estate loans: One- to four-family residential $ 3,406 $ 3,406 $ 21 Commercial 650 650 - Home equity loans and lines of credit 6 88 - Total impaired loans $ 4,062 $ 4,144 $ 21 December 31, 2015: With no related allowance recorded: Real estate loans: One- to four-family residential $ 5,098 $ 5,098 $ - Commercial 679 679 - Home equity loans and lines of credit 59 141 - Total impaired with no related allowance $ 5,836 $ 5,918 $ - With an allowance recorded: Real estate loans: One- to four-family residential $ 567 $ 567 $ 21 Commercial - - - Home equity loans and lines of credit - - - Total impaired with an allowance recorded $ 567 $ 567 $ 21 Total Real estate loans: One- to four-family residential $ 5,665 $ 5,665 $ 21 Commercial 679 679 - Home equity loans and lines of credit 59 141 - Total impaired loans $ 6,403 $ 6,485 $ 21 The following presents, by class, information related to average recorded investment and interest income recognized on impaired loans for the years ended December 31, 2016 and 2015. Year Ended Year Ended December 31, 2016 December 31, 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance recorded: Real estate loans: One- to four-family residential $ 3,417 $ 156 $ 5,657 $ 183 Commercial 666 42 689 44 Home equity loans and lines of credit 37 5 54 4 Total impaired with no related allowance $ 4,120 $ 203 $ 6,400 $ 231 With an allowance recorded: Real estate loans: One- to four-family residential $ 567 $ 24 $ 571 $ 19 Commercial - - - - Home equity loans and lines of credit - - - - Total impaired with an allowance recorded $ 567 $ 24 $ 571 $ 19 Total Real estate loans: One- to four-family residential $ 3,984 $ 180 $ 6,228 $ 202 Commercial 666 42 689 44 Home equity loans and lines of credit 37 5 54 4 Total impaired loans $ 4,687 $ 227 $ 6,971 $ 250
Schedule of Loans by Risk Rating	The following tables present the Company’s loans by risk rating as of December 31: 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) December 31, 2016: Grade: Pass $ - $ 22,718 $ 19,503 $ - $ 27,185 $ 2,885 $ - $ - $ 72,291 Special mention 2,016 650 - - - - - 2,666 Substandard 567 - - 6 - - - - 573 Loans not formally rated 131,414 - - 2,288 - - 22 1,910 135,634 Total $ 133,997 $ 23,368 $ 19,503 $ 2,294 $ 27,185 $ 2,885 $ 22 $ 1,910 $ 211,164 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	The following tables set forth information regarding loans modified as TDRs during the years ended December 31, 2016 and 2015: Pre-Modification Post-Modification Number of Outstanding Recorded Outstanding Recorded Contracts Investment Investment (Dollars In Thousands) December 31, 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 Pre-Modification Post-Modification Number of Outstanding Recorded Outstanding Recorded Contracts Investment Investment (Dollars In Thousands) December 31, 2015: Troubled Debt Restructurings: Real estate loans: One- to four- family residential 2 $ 1,088 $ 1,088 Home equity loans and lines of credit 2 59 59 4 $ 1,147 $ 1,147 The following tables provide information on how loans were modified as TDRs during the years ended Rate Interest Only Rate Reduction and Reduction Period Interest Only Period (In Thousands) December 31, 2016: Real estate loans: One- to four- family residential $ - $ 2,121 $ - Home equity loans and lines of credit - 59 - Total $ - $ 2,180 $ - December 31, 2015: Real estate loans: One- to four- family residential $ - $ 1,088 $ - Home equity loans and lines of credit - 59 - Total $ - $ 1,147 $ -

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Summary of Premises and Equipment	The following is a summary of premises and equipment: December 31, 2016 2015 (In Thousands) Land $ 864 $ 864 Buildings and improvements 5,383 5,380 Furniture and equipment 2,283 2,251 8,530 8,495 Accumulated depreciation and amortization (3,611) (3,318) $ 4,919 $ 5,177

INVESTMENT IN REAL ESTATE (Tabl

INVESTMENT IN REAL ESTATE (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Summary of Investment in Real Estate	The following is a summary of investment in real estate: December 31, 2016 2015 (In Thousands) Land $ 453 $ 453 Buildings and improvements 1,489 1,489 1,942 1,942 Accumulated depreciation (408) (364) $ 1,534 $ 1,578

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
Summary of Scheduled Maturities of Time Deposits	For time deposits as of December 31, 2016, the scheduled maturities for each of the following five years ended December 31 are: (In Thousands) 2017 $ 47,847 2018 25,303 2019 2,767 2020 9,349 2021 3,730 Total $ 88,996

FEDERAL HOME LOAN BANK ADVANC36

FEDERAL HOME LOAN BANK ADVANCES (Tables)	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
Summary of Maturities of Advances from the Federal Home Loan Bank ("FHLB") of Boston	Maturities of advances from the FHLB for the years ending after December 31, 2016 are summarized as follows: (In Thousands) 2017 $ 5,842 2018 8,911 2019 3,739 2020 1,713 2021 1,124 Thereafter 16,000 $ 37,329

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense are as follows: Years Ended December 31, 2016 2015 (In Thousands) Current: Federal $ 572 $ 338 State 157 90 729 428 Deferred: Federal (103) (46) State (32) (17) Change in valuation allowance (92) - (227) (63) Total income tax expense $ 502 $ 365
Schedule of Effective Income Tax Rate Reconciliation	The reasons for the differences between the statutory federal income tax rate and the effective tax rates are summarized as follows: Years Ended December 31, 2016 2015 % of % of Income Income Statutory federal income tax rate 34.0 % 34.0 % Increase (decrease) in tax rates resulting from: Tax-exempt income (1.8) (3.7) Other 1.7 0.7 State taxes, net of federal tax 5.5 4.8 Change in valuation allowance (6.1) - Effective tax rates 33.3 % 35.8 %
Schedule of Deferred Tax Assets and Liabilities	The Company had gross deferred tax assets and gross deferred tax liabilities as follows: December 31, 2016 2015 (In Thousands) Deferred tax assets: Allowance for loan losses $ 423 $ 358 Securities capital loss carryforwards 37 46 Writedown of securities 17 16 Interest on nonaccrual loans - 46 Net unrealized holding loss on available-for-sale securities 71 54 Charitable contribution carryovers 178 249 Stock expense 50 - ESOP expense 11 2 Deferred compensation 73 - Other 7 - Gross deferred tax assets 867 771 Valuation allowance (37) (129) Gross deferred tax assets after valuation allowance 830 642 Deferred tax liabilities: Book basis in excess of tax basis of premises and equipment (90) (146) Gross deferred tax liabilities (90) (146) Net deferred tax asset $ 740 $ 496

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]	The weighted average assumptions used and fair value for options granted during the year ended December 31, 2016 are as follows: Stock Option Assumptions Expected life 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 Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of activity for the 2015 Equity Incentive Plan as of and for the year ended December 31, 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 9.4 years Weighted average exercise price $ 12.85 Aggregate intrinsic value $ 364,000
Nonvested Restricted Stock Shares Activity [Table Text Block]	Non-vested Restricted Stock 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
Schedule Of Maturities Of Employee Stock Ownership Plan Esop Debt	The remaining principal balance on the ESOP debt as of December 31, 2016 is payable as follows: Years Ending December 31, Amount ( In Thousands) 2017 $ 36 2018 38 2019 39 2020 40 2021 42 Thereafter 1,451 $ 1,646
Employee Stock Ownership Plan (ESOP) Disclosures	Shares held by the ESOP are as follows as of December 31: 2016 2015 Allocated 11,987 5,994 Committed to be allocated 5,994 5,993 Unallocated 161,826 167,820 Paid out to participants (6) - Shares held by ESOP 179,801 179,807

OFF-BALANCE SHEET ACTIVITIES (T

OFF-BALANCE SHEET ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
schedule off-balance sheet activities	Financial instrument liabilities whose contract amounts represent off-balance sheet credit risk are as follows: At December 31, 2016 2015 (In Thousands) Commitments to originate loans $ 5,958 $ 5,747 Unadvanced funds on loans: Home equity lines of credit 4,087 4,257 Construction loans 12,608 13,006 Commercial lines of credit 3,816 1,513 Consumer 117 118 $ 26,586 $ 24,641

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Summary of Assets Measured at Fair Value on a Recurring Basis	The following summarizes assets measured at fair value on a recurring basis as of December 31, 2016 and 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) December 31, 2016 : Debt securities issued by U.S. government corporations and agencies $ 8,934 $ - $ 8,934 $ - Debt securities issued by states of the United States and political subdivisions of the states 2,646 - 2,646 - Mortgage-backed securities 5,461 - 5,461 - Totals $ 17,041 $ - $ 17,041 $ - 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	The following table presents assets carried on the consolidated balance sheet by caption and by level in the fair value hierarchy at December 31, 2016 and 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) December 31, 2016: Impaired loans $ 552 $ - $ - $ 552 Totals $ 552 $ - $ - $ 552 December 31, 2015: Impaired loans $ 552 $ - $ - $ 552 Totals $ 552 $ - $ - $ 552
Schedule of Estimated Fair Values of Financial Instruments Held or Issued for Purposes Other Than Trading	The estimated fair values of the Company’s financial instruments, all of which are held or issued for purposes other than trading, are as follows: December 31, 2016 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 11,188 $ 11,188 $ - $ - $ 11,188 Interest-bearing time deposits with other banks 1,092 - 1,098 - 1,098 Available-for-sale securities 17,041 - 17,041 - 17,041 Held-to-maturity securities 104 - 135 - 135 Federal Home Loan Bank stock 2,299 2,299 - - 2,299 Investment in The Co-operative Central Reserve Fund 384 384 - - 384 Loans, net 210,486 - - 211,328 211,328 Accrued interest receivable 599 599 - - 599 Financial liabilities: Deposits 182,086 - 182,676 - 182,676 FHLB advances 37,329 - 37,089 - 37,089 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 MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2016
Banking and Thrift [Abstract]
Schedule of Bank's Actual Capital Amounts and Ratios	The Bank’s actual capital amounts and ratios are also presented in the table as of December 31. 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 December 31, 2016: Total Capital (to Risk Weighted Assets) $ 24,440 14.56 % $ 13,424 8.0 % $ 16,781 10.0 % Tier 1 Capital (to Risk Weighted Assets) 23,380 13.93 10,068 6.0 13,424 8.0 Common Equity Tier 1 Capital (to Risk Weighted Assets) 23,380 13.93 7,551 4.5 10,907 6.5 Tier 1 Capital (to Average Assets) 23,380 9.38 9,970 4.0 12,463 5.0 As of December 31, 2015: Total Capital (to Risk Weighted Assets) $ 23,066 16.18 % $ 11,408 8.0 % $ 14,260 10.0 % Tier 1 Capital (to Risk Weighted Assets) 22,171 15.55 8,556 6.0 11,408 8.0 Common Equity Tier 1 Capital (to Risk Weighted Assets) 22,171 15.55 6,417 4.5 9,269 6.5 Tier 1 Capital (to Average Assets) 22,171 10.86 8,169 4.0 10,211 5.0

CONDENSED PARENT COMPANY FINA42

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheets of Parent Company	The condensed balance sheets of the parent company only are as follows: Pilgrim Bancshares, Inc. BALANCE SHEETS At December 31, 2016 2015 (In Thousands) ASSETS Noninterest bearing deposits $ 7,702 $ 8,158 Loan to the ESOP 1,646 1,682 Investment in subsidiary 23,259 22,078 Other assets 353 221 Total assets $ 32,960 $ 32,139 LIABILITIES AND STOCKHOLDERS' EQUITY Other liabilities $ 313 $ 170 Stockholders' equity 32,647 31,969 Total liabilities and stockholders' equity $ 32,960 $ 32,139
Condensed Statements of Net (Loss) Income of Parent Company	The condensed statements of income of the parent company only are as follows: Pilgrim Bancshares, Inc. STATEMENTS OF INCOME Years Ended December 31, 2016 2015 (In Thousands) Interest income from ESOP loan $ 59 $ 56 Other noninterest expense 119 137 Loss before income tax benefit and equity in undistributed net income of the Bank (60) (81) Income tax benefit (107) (32) Income (loss) before equity in undistributed net income of subsidiary 47 (49) Equity in undistributed net income of subsidiary 960 703 Net income $ 1,007 $ 654
Condensed Statements of Cash Flows of Parent Company	The condensed statements of cash flows of the parent company only are as follows: Pilgrim Bancshares, Inc. STATEMENTS OF CASH FLOWS Years Ended December 31, 2016 2015 (In Thousands) Cash flows from operating activities: Net income $ 1,007 $ 654 Adustments to reconcile net income to net cash provided by operating activities: Repayment of principal on ESOP loan 36 37 Equity in undistributed income of subsidiary (960) (703) Deferred tax (benefit) expense (37) 40 Increase in other assets (95) (72) Increase in other liabilities 143 137 Net cash provided by operating activities 94 93 Cash flows from financing activities: Retirement of common stock (550) (298) Issuance costs related to initial public offering - (17) Net cash used in financing activities (550) (315) Net change in cash and cash equivalents (456) (222) Cash and cash equivalents at beginning of period 8,158 8,380 Cash and cash equivalents at end of period $ 7,702 $ 8,158

QUARTERLY DATA (UNAUDITED) (Tab

QUARTERLY DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Unaudited Quarterly Financial Data	A summary of consolidated operating results on a quarterly basis is as follows: Years Ended December 31, 2016 2015 Fourth Third Second First Fourth Third Second First Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter (In Thousands) Interest and dividend income $ 2,235 $ 2,194 $ 1,928 $ 1,866 $ 1,837 $ 1,772 $ 1,682 $ 1,606 Interest expense 429 426 374 352 310 268 253 254 Net interest and dividend income 1,806 1,768 1,554 1,514 1,527 1,504 1,429 1,352 Provision for loan losses 36 62 36 36 48 36 38 22 Net interest and dividend income, after provision for loan losses 1,770 1,706 1,518 1,478 1,479 1,468 1,391 1,330 Total noninterest income 114 155 146 147 149 156 133 159 Total noninterest expense 1,381 1,401 1,365 1,378 1,285 1,304 1,313 1,344 Income before income taxes 503 460 299 247 343 320 211 145 Provision for income taxes 113 184 114 91 127 117 77 44 Net income $ 390 $ 276 $ 185 $ 156 $ 216 $ 203 $ 134 $ 101 Earnings per share: Basic $ 0.19 $ 0.14 $ 0.09 $ 0.08 $ 0.10 $ 0.10 $ 0.06 $ 0.05 Diluted $ 0.19 $ 0.14 $ 0.09 $ 0.08 $ 0.10 $ 0.10 $ 0.06 $ 0.05

ACCOUNTING POLICIES - Summary o

ACCOUNTING POLICIES - Summary of Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015
Net income (In thousands)	$ 390	$ 276	$ 185	$ 156	$ 216	$ 203	$ 134	$ 101	$ 1,007		$ 654
Basic and diluted common shares:
Weighted average common shares outstanding									2,225,397		2,247,153
Weighted average unearned shares-restricted stock									(35,657)		0
Weighted average unallocated ESOP shares									(164,822)		(170,816)
Basic weighted average shares outstanding									2,024,918		2,076,337
Diluted weighted average shares outstanding									2,026,099		2,076,337
Basic earnings per share	$ 0.19	$ 0.14	$ 0.09	$ 0.08	$ 0.1	$ 0.1	$ 0.06	$ 0.05	$ 0.5		$ 0.31
Diluted earnings per share	$ 0.19	$ 0.14	$ 0.09	$ 0.08	$ 0.1	$ 0.1	$ 0.06	$ 0.05	$ 0.5	[1]	$ 0.31	[1]
Restricted Stock [Member]
Basic and diluted common shares:
Dilutive effect of unearned restricted stock									1,181		0
[1]	Options to purchase 169,500 shares, representing all outstanding options, were not included in the computation of diluted earnings per share for the year ended December 31, 2016 because the impact was anti-dilutive. There were no options to purchase shares for the year ended December 31, 2015.

ACCOUNTING POLICIES - Additiona

ACCOUNTING POLICIES - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Due from Banks	$ 836,000	$ 820,000
Federal Home Loan Bank, Advances, Maturity Period, Variable Rate	6 months
Employee Stock Option [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	169,500	0
Minimum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Originate Loans With Loan To Value Ratio	80.00%
Estimated Useful Life Of Long Lived Assets	3 years
Maximum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Estimated Useful Life Of Long Lived Assets	40 years
Residential Real Estate Loans [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Non Accrual Status Of Loans Period	90 days
Consumer Loan [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Non Accrual Status Of Loans Period	90 days
Consumer Unsecured Loan [Member] | Minimum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Non Accrual Status Of Loans Period	120 days
Consumer Unsecured Loan [Member] | Maximum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Non Accrual Status Of Loans Period	180 days
Commercial Real Estate Loans [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Non Accrual Status Of Loans Period	90 days

INVESTMENTS IN SECURITIES - Sch

INVESTMENTS IN SECURITIES - Schedule of Amortized Cost and Fair Values of Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost Basis	$ 17,233	$ 16,703
Available-for-sale securities, Gross Unrealized Gains	12	19
Available-for-sale securities, Gross Unrealized Losses	204	166
Available-for-sale securities, Fair Value	17,041	16,556
Held-to-maturity securities, Amortized Cost Basis	104	120
Held-to-maturity securities, Gross Unrealized Gains	31	35
Held-to-maturity securities, Gross Unrealized Losses	0	0
Held-to-maturity securities, Fair Value	135	155
Debt Securities Issued by the U.S. Treasury and Other U.S. Government Corporations and Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost Basis	8,980	6,339
Available-for-sale securities, Gross Unrealized Gains	7	6
Available-for-sale securities, Gross Unrealized Losses	53	34
Available-for-sale securities, Fair Value	8,934	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	2,696	2,456
Available-for-sale securities, Gross Unrealized Gains	0	7
Available-for-sale securities, Gross Unrealized Losses	50	19
Available-for-sale securities, Fair Value	2,646	2,444
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale securities, Amortized Cost Basis	5,557	7,908
Available-for-sale securities, Gross Unrealized Gains	5	6
Available-for-sale securities, Gross Unrealized Losses	101	113
Available-for-sale securities, Fair Value	5,461	7,801
Held-to-maturity securities, Amortized Cost Basis	104	120
Held-to-maturity securities, Gross Unrealized Gains	31	35
Held-to-maturity securities, Gross Unrealized Losses	0	0
Held-to-maturity securities, Fair Value	$ 135	$ 155

INVESTMENTS IN SECURITIES - S47

INVESTMENTS IN SECURITIES - Scheduled Maturities of Debt Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Due within one year, Available-For-Sale Securities Fair Value	$ 499
Due after one year through five years, Available-For-Sale Securities Fair Value	9,555
Due after five years through ten years, Available-For-Sale Securities Fair Value	1,267
Due after ten years, Available-For-Sale Securities Fair Value	259
Mortgage-backed securities, Available-For-Sale Securities Fair Value	5,461
Available-For-Sale Securities Fair Value Total	17,041
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	104
Held-To-Maturity Securities Amortized Cost Basis Total	104	$ 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	135
Held-To-Maturity Securities Fair Value Total	$ 135	$ 155

INVESTMENTS IN SECURITIES - S48

INVESTMENTS IN SECURITIES - Schedule of Aggregate Fair Value and Unrealized Losses of Securities (Detail) - Temporarily Impaired Securities [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	$ 12,987	$ 9,622
Less than 12 Months, Unrealized Losses	140	67
12 Months or Longer, Fair Value	2,091	3,500
12 Months or Longer, Unrealized Losses	64	99
Fair Value, Total	15,078	13,122
Unrealized Losses, Total	204	166
Debt Securities Issued by the U.S. Treasury and Other U.S. Government Corporations and Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	7,430	5,320
Less than 12 Months, Unrealized Losses	53	21
12 Months or Longer, Fair Value	0	487
12 Months or Longer, Unrealized Losses	0	13
Fair Value, Total	7,430	5,807
Unrealized Losses, Total	53	34
Debt Securities Issued by States of the United States and Political Subdivisions of the States [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	2,215	0
Less than 12 Months, Unrealized Losses	35	0
12 Months or Longer, Fair Value	431	912
12 Months or Longer, Unrealized Losses	15	19
Fair Value, Total	2,646	912
Unrealized Losses, Total	50	19
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	3,342	4,302
Less than 12 Months, Unrealized Losses	52	46
12 Months or Longer, Fair Value	1,660	2,101
12 Months or Longer, Unrealized Losses	49	67
Fair Value, Total	5,002	6,403
Unrealized Losses, Total	$ 101	$ 113

INVESTMENTS IN SECURITIES - Add

INVESTMENTS IN SECURITIES - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Proceeds from sales of available-for-sale securities	$ 1,211,000	$ 428,000
Tax expenses applicable to net realized gains	$ 11,000	$ 10,000
Percentage of stockholders' equity	10.00%	10.00%
Available-for-sale Securities, Gross Realized Gain (Loss)	$ 27,000	$ 10,000

LOANS - Schedule of Loan (Detai

LOANS - Schedule of Loan (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	$ 211,164	$ 171,160
Net deferred loan origination fees, costs, premiums and discounts	371	153
Allowance for loan losses	(1,049)	(886)	$ (743)
Net loans	210,486	170,427
Commercial and Industrial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	2,885	3,964
Allowance for loan losses	(10)	(13)	(8)
Real Estate Loans [Member] | One-to Four-Family Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	133,997	104,861
Allowance for loan losses	(449)	(373)	(362)
Real Estate Loans [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	23,368	21,848
Allowance for loan losses	(134)	(146)	(134)
Real Estate Loans [Member] | Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	19,503	16,559
Allowance for loan losses	(74)	(62)	(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	2,294	2,093
Allowance for loan losses	(12)	(14)	(27)
Real Estate Loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	27,185	18,755
Allowance for loan losses	(340)	(216)	(121)
Consumer Loans [Member] | Consumer Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	22	20
Allowance for loan losses	(1)	(1)	(1)
Consumer Loans [Member] | Other Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, gross	1,910	3,060
Allowance for loan losses	$ (15)	$ (29)	$ (20)

LOANS - Schedule of Allowance f

LOANS - Schedule of Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance				$ 886				$ 743	$ 886	$ 743
Charge-offs									(8)	(1)
Recoveries									1	0
Provision (benefit)	$ 36	$ 62	$ 36	36	$ 48	$ 36	$ 38	22	170	144
Ending balance	1,049				886				1,049	886
Individually evaluated for impairment	21				21				21	21
Collectively evaluated for impairment	1,028				865				1,028	865
Total allowance for loan losses ending balance	1,049				886				1,049	886
Individually evaluated for impairment	4,062				6,403				4,062	6,403
Collectively evaluated for impairment	207,102				164,757				207,102	164,757
Total loans ending balance	211,164				171,160				211,164	171,160
Commercial and Industrial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance				13				8	13	8
Charge-offs									0	0
Recoveries									0	0
Provision (benefit)									(3)	5
Ending balance	10				13				10	13
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	10				13				10	13
Total allowance for loan losses ending balance	10				13				10	13
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	2,885				3,964				2,885	3,964
Total loans ending balance	2,885				3,964				2,885	3,964
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance				32				34	32	34
Charge-offs									0	0
Recoveries									0	0
Provision (benefit)									(18)	(2)
Ending balance	14				32				14	32
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	14				32				14	32
Total allowance for loan losses ending balance	14				32				14	32
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	0				0				0	0
Total loans ending balance	0				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	373	362
Charge-offs									0	0
Recoveries									0	0
Provision (benefit)									76	11
Ending balance	449				373				449	373
Individually evaluated for impairment	21				21				21	21
Collectively evaluated for impairment	428				352				428	352
Total allowance for loan losses ending balance	449				373				449	373
Individually evaluated for impairment	3,406				5,665				3,406	5,665
Collectively evaluated for impairment	130,591				99,196				130,591	99,196
Total loans ending balance	133,997				104,861				133,997	104,861
Real Estate Loans [Member] | Commercial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance				146				134	146	134
Charge-offs									0	0
Recoveries									0	0
Provision (benefit)									(12)	12
Ending balance	134				146				134	146
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	134				146				134	146
Total allowance for loan losses ending balance	134				146				134	146
Individually evaluated for impairment	650				679				650	679
Collectively evaluated for impairment	22,718				21,169				22,718	21,169
Total loans ending balance	23,368				21,848				23,368	21,848
Real Estate Loans [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance				62				36	62	36
Charge-offs									0	0
Recoveries									0	0
Provision (benefit)									12	26
Ending balance	74				62				74	62
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	74				62				74	62
Total allowance for loan losses ending balance	74				62				74	62
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	19,503				16,559				19,503	16,559
Total loans ending balance	19,503				16,559				19,503	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	14	27
Charge-offs									0	0
Recoveries									0	0
Provision (benefit)									(2)	(13)
Ending balance	12				14				12	14
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	12				14				12	14
Total allowance for loan losses ending balance	12				14				12	14
Individually evaluated for impairment	6				59				6	59
Collectively evaluated for impairment	2,288				2,034				2,288	2,034
Total loans ending balance	2,294				2,093				2,294	2,093
Real Estate Loans [Member] | Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance				216				121	216	121
Charge-offs									0	0
Recoveries									0	0
Provision (benefit)									124	95
Ending balance	340				216				340	216
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	340				216				340	216
Total allowance for loan losses ending balance	340				216				340	216
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	27,185				18,755				27,185	18,755
Total loans ending balance	27,185				18,755				27,185	18,755
Consumer Loans [Member] | Consumer Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance				1				1	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	0
Collectively evaluated for impairment	1				1				1	1
Total allowance for loan losses ending balance	1				1				1	1
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	22				20				22	20
Total loans ending balance	22				20				22	20
Consumer Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance				$ 29				$ 20	29	20
Charge-offs									(8)	(1)
Recoveries									1	0
Provision (benefit)									(7)	10
Ending balance	15				29				15	29
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	15				29				15	29
Total allowance for loan losses ending balance	15				29				15	29
Individually evaluated for impairment	0				0				0	0
Collectively evaluated for impairment	1,910				3,060				1,910	3,060
Total loans ending balance	$ 1,910				$ 3,060				$ 1,910	$ 3,060

LOANS - Schedule of Nonaccrual

LOANS - Schedule of Nonaccrual Loans and Past-Due Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 118	$ 2,574
Total Current	211,046	168,586
Total	211,164	171,160
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	1,410
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	118	1,104
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	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	2,885	3,964
Total	2,885	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	118	2,499
Total Current	133,879	102,362
Total	133,997	104,861
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	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	118	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	0	0
Total Current	23,368	21,848
Total	23,368	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	0	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	19,503	16,559
Total	19,503	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	0	59
Total Current	2,294	2,034
Total	2,294	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	0	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	27,185	18,755
Total	27,185	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	22	20
Total	22	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 [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	16
Total Current	1,910	3,044
Total	1,910	3,060
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Consumer Loans [Member] | Other consumer [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	16
Consumer Loans [Member] | Other consumer [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 [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	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	$ 3,495	$ 5,836
With no related allowance recorded, Unpaid Principal Balance	3,577	5,918
With no related allowance recorded, Average Recorded Investment	4,120	6,400
With no related allowance recorded, Interest Income Recognized	203	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	24	19
Total, Recorded Investment	4,062	6,403
Total, Unpaid Principal Balance	4,144	6,485
Total, Related Allowance	21	21
Total, Average Recorded Investment	4,687	6,971
Total, Interest Income Recognized	227	250
Real estate loans [Member] | One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	2,839	5,098
With no related allowance recorded, Unpaid Principal Balance	2,839	5,098
With no related allowance recorded, Average Recorded Investment	3,417	5,657
With no related allowance recorded, Interest Income Recognized	156	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	24	19
Total, Recorded Investment	3,406	5,665
Total, Unpaid Principal Balance	3,406	5,665
Total, Related Allowance	21	21
Total, Average Recorded Investment	3,984	6,228
Total, Interest Income Recognized	180	202
Real estate loans [Member] | Commercial [Member]
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	650	679
With no related allowance recorded, Unpaid Principal Balance	650	679
With no related allowance recorded, Average Recorded Investment	666	689
With no related allowance recorded, Interest Income Recognized	42	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	650	679
Total, Unpaid Principal Balance	650	679
Total, Related Allowance	0	0
Total, Average Recorded Investment	666	689
Total, Interest Income Recognized	42	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	6	59
With no related allowance recorded, Unpaid Principal Balance	88	141
With no related allowance recorded, Average Recorded Investment	37	54
With no related allowance recorded, Interest Income Recognized	5	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	6	59
Total, Unpaid Principal Balance	88	141
Total, Related Allowance	0	0
Total, Average Recorded Investment	37	54
Total, Interest Income Recognized	$ 5	$ 4

LOANS - Schedule of Loans by Ri

LOANS - Schedule of Loans by Risk Rating (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	$ 211,164	$ 171,160
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	72,291	60,447
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	2,666	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	135,634	105,640
Commercial and Industrial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	2,885	3,964
Commercial and Industrial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	2,885	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	133,997	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	2,016	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	131,414	100,526
Real Estate Loans [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	23,368	21,848
Real Estate Loans [Member] | Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	22,718	21,169
Real Estate Loans [Member] | Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	650	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	19,503	16,559
Real Estate Loans [Member] | Multi-Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	19,503	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	2,294	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
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	2,288	2,034
Real Estate Loans [Member] | Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	27,185	18,755
Real Estate Loans [Member] | Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	27,185	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	22	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	22	20
Consumer Loans [Member] | Other Consumer Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans and leases receivable	1,910	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	$ 1,910	$ 3,060

LOANS - Schedule of Loans Modif

LOANS - Schedule of Loans Modified as Troubled Debt Restructuring (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)ContractsNumber	Dec. 31, 2015USD ($)ContractsNumber
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring, Post-modification outstanding recorded investment	$ 1,600
Real estate loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring, Number of contracts | Number	5	4
Troubled debt restructuring, Pre-modification outstanding recorded investment	$ 2,180	$ 1,147
Troubled debt restructuring, Post-modification outstanding recorded investment	$ 2,180	$ 1,147
One- to four- family residential [Member] | Real estate loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring, Number of contracts | Contracts	3	2
Troubled debt restructuring, Pre-modification outstanding recorded investment	$ 2,121	$ 1,088
Troubled debt restructuring, Post-modification outstanding recorded investment	$ 2,121	$ 1,088
Home equity loans and lines of credit [Member] | Real estate loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring, Number of contracts | Contracts	2	2
Troubled debt restructuring, Pre-modification outstanding recorded investment	$ 59	$ 59
Troubled debt restructuring, Post-modification outstanding recorded investment	$ 59	$ 59

LOANS - Summary of Pre-Modified

LOANS - Summary of Pre-Modified Loans Modified as Troubled Debt Restructuring (Detail) - Real Estate [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Rate Reduction	$ 0	$ 0
Interest Only Period	2,180	1,147
Rate Reduction and Interest Only Period	0	0
One To Four Family Residential [Member]
Financing Receivable, Modifications [Line Items]
Rate Reduction	0	0
Interest Only Period	2,121	1,088
Rate Reduction and Interest Only Period	0	0
Home Equity Line of Credit [Member]
Financing Receivable, Modifications [Line Items]
Rate Reduction	0	0
Interest Only Period	59	59
Rate Reduction and Interest Only Period	$ 0	$ 0

LOANS - Additional Information

LOANS - Additional Information (Detail) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 25, 2016	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 1,600,000
Financing Receivable, Allowance for Credit Losses, Write-downs		8,000	$ 1,000
Loans and Leases Receivable, Net Amount, Total		210,486,000	170,427,000
Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 20,000,000
Financing Receivables Purchased During Period Premium Percentage	1.00%
Real Estate [Member]
Financing Receivable, Modifications, Post-Modification Recorded Investment		2,180,000	1,147,000
Mortgage And Other Loans [Member]
Loans and Leases Receivable, Net Amount, Total		24,300,000	21,800,000
Management [Member]
Loans and Leases Receivable, Related Parties		281,000	$ 401,000
Loans and Leases Receivable, Related Parties, Proceeds		120,000
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 Purchased During Period Percentage	50.00%
Adjustable Rate Residential Mortgage [Member]
Financing Receivables Purchased During Period Percentage	50.00%

PREMISES AND EQUIPMENT (Detail)

PREMISES AND EQUIPMENT (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 8,530	$ 8,495
Accumulated depreciation and amortization	(3,611)	(3,318)
Property, Plant and Equipment, Net, Total	4,919	5,177
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	864	864
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	5,383	5,380
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 2,283	$ 2,251

INVESTMENT IN REAL ESTATE (Deta

INVESTMENT IN REAL ESTATE (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real Estate Properties [Line Items]
Real Estate Investment Property, at Cost, Total	$ 1,942	$ 1,942
Accumulated depreciation	(408)	(364)
Real Estate Investment Property, Net, Total	1,534	1,578
Land [Member]
Real Estate Properties [Line Items]
Real Estate Investment Property, at Cost, Total	453	453
Buildings and improvements [Member]
Real Estate Properties [Line Items]
Real Estate Investment Property, at Cost, Total	$ 1,489	$ 1,489

INVESTMENT IN REAL ESTATE -Addi

INVESTMENT IN REAL ESTATE -Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Rental Income, Nonoperating	$ 253	$ 258

DEPOSITS - Summary of Scheduled

DEPOSITS - Summary of Scheduled Maturities of Time Deposits (Detail) $ in Thousands	Dec. 31, 2016USD ($)
2,017	$ 47,847
2,018	25,303
2,019	2,767
2,020	9,349
2,021	3,730
Total	$ 88,996

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Interest-bearing Domestic Deposit, Brokered	$ 5	$ 5
Cash, FDIC Insured Amount	22.3	20.9
Certificates of Deposit [Member]
Interest-bearing Domestic Deposit, Brokered	$ 7.3	$ 7.3

FEDERAL HOME LOAN BANK ADVANC63

FEDERAL HOME LOAN BANK ADVANCES - Summary of Maturities of Advances from the Federal Home Loan Bank ("FHLB") of Boston (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Maturities Federal Home Loan Bank Advances [Line Items]
2,017	$ 5,842
2,018	8,911
2,019	3,739
2,020	1,713
2,021	1,124
Thereafter	16,000
Maturities of advances from FHLB, total	$ 37,329	$ 8,500

FEDERAL HOME LOAN BANK ADVANC64

FEDERAL HOME LOAN BANK ADVANCES - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Weighted-average interest rate	0.99%	1.12%
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	0.39%	0.80%
Maximum [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Interest rates	1.51%	1.30%

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax Expense (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal									$ 572	$ 338
State									157	90
Current Income Tax Expense (Benefit), Total									729	428
Deferred:
Federal									(103)	(46)
State									(32)	(17)
Change in valuation allowance									(92)	0
Deferred Income Tax Expense (Benefit)									(227)	(63)
Total income tax expense	$ 113	$ 184	$ 114	$ 91	$ 127	$ 117	$ 77	$ 44	$ 502	$ 365

INCOME TAXES - Summary of Diffe

INCOME TAXES - Summary of Differences between Statutory Federal Income Tax Rate and Effective Tax Rates (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Statutory federal income tax rate	34.00%	34.00%
Increase (decrease) in tax rates resulting from:
Tax-exempt income	(1.80%)	(3.70%)
Other	1.70%	0.70%
State taxes, net of federal tax	5.50%	4.80%
Change in valuation allowance	(6.10%)	0.00%
Effective tax rates	33.30%	35.80%

INCOME TAXES - Schedule of Gros

INCOME TAXES - Schedule of Gross Deferred Tax Assets and Gross Deferred Tax Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Allowance for loan losses	$ 423	$ 358
Securities capital loss carryforwards	37	46
Writedown of securities	17	16
Interest on nonaccrual loans	0	46
Net unrealized holding loss on available-for-sale securities	71	54
Charitable contribution carryovers	178	249
Stock expense	50	0
ESOP expense	11	2
Deferred compensation	73	0
Other	7	0
Gross deferred tax assets	867	771
Valuation allowance	(37)	(129)
Gross deferred tax assets after valuation allowance	830	642
Deferred tax liabilities:
Book basis in excess of tax basis of premises and equipment	(90)	(146)
Gross deferred tax liabilities	(90)	(146)
Net deferred tax asset	$ 740	$ 496

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Deferred Tax Assets, Charitable Contribution Carryforwards	$ 178,000	$ 249,000
Deferred Tax Assets, Valuation Allowance	37,000	$ 129,000
Bad Debt Reserve forTax Purposes of Qualified Lender	$ 1,094,000
Bad Debt Reserve for Tax Purposes, Recapture Tax Rate	40.00%
Pilgrim Bank Foundation [Member]
Income Taxes [Line Items]
Donation To Foundation	$ 725,000
Deferred Tax Assets, Charitable Contribution Carryforwards	178,000
Deferred Tax Assets, Valuation Allowance	83,000
Capital Loss Carryforward [Member]
Income Taxes [Line Items]
Deferred Tax Assets, Tax Credit Carryforwards, Total	110,000
Tax Credit Carryforward, Valuation Allowance	$ 37,000
Capital Loss Carryforward [Member] | Tax Year Two Thousand Nineteen [Member]
Income Taxes [Line Items]
Capital Loss Carryforwards Expiration Year	2,019
Charitable Contributions [Member]
Income Taxes [Line Items]
Tax Credit Carryforward, Amount	$ 446,000

EMPLOYEE BENEFITS - Weighted Av

EMPLOYEE BENEFITS - Weighted Average Assumptions (Detail)	12 Months Ended
	Dec. 31, 2016$ / shares
Expected life	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

EMPLOYEE BENEFITS - Schedule of

EMPLOYEE BENEFITS - Schedule of Equity Incentive Plan (Detail) - Equity Incentive Plan 2015 Member [Member]	12 Months Ended
	Dec. 31, 2016USD ($)$ / sharesshares
Outstanding at beginning of period	0
Granted	169,500
Outstanding at end of period	169,500
Exercisable at end of period	0
Weighted average fair value of options granted during the period | $ / shares	$ 3.17
Weighted average contractual life remaining	9 years 4 months 24 days
Weighted average exercise price | $ / shares	$ 12.85
Aggregate intrinsic value | $	$ 364,000

EMPLOYEE BENEFITS - Non-vested

EMPLOYEE BENEFITS - Non-vested Restricted Stock (Detail) - Restricted Stock [Member] - $ / shares	1 Months Ended	12 Months Ended
	Nov. 24, 2015	Dec. 31, 2016
Outstanding at beginning of period		0
Outstanding at beginning of period		70,950
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	70,950	70,950
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value		$ 12.85

EMPLOYEE BENEFITS - Schedule 72

EMPLOYEE BENEFITS - Schedule of Remaining Principal Balance Payable on ESOP Debt (Detail) - Employee Stock [Member] $ in Thousands	Dec. 31, 2016USD ($)
Defined Benefit Plan Disclosure [Line Items]
2,017	$ 36
2,018	38
2,019	39
2,020	40
2,021	42
Thereafter	1,451
Total	$ 1,646

EMPLOYEE BENEFITS - Schedule 73

EMPLOYEE BENEFITS - Schedule of Shares Held by ESOP (Detail) - shares	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allocated	11,987	5,994
Committed to be allocated	5,994	5,993
Unallocated	161,826	167,820
Paid out to participants	(6)	0
Shares held by ESOP	179,801	179,807	179,807

EMPLOYEE BENEFITS - Additional

EMPLOYEE BENEFITS - Additional Information (Detail)	1 Months Ended		12 Months Ended
	Jun. 01, 2016shares	Nov. 24, 2015shares	Dec. 31, 2016USD ($)Officersshares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014$ / sharesshares
Multiemployer Plans [Line Items]
Employee Stock Ownership Plan (ESOP), Shares in ESOP, Total | shares			179,801	179,807	179,807
Employee Stock Ownership Plan Esop Loan Repayment Period			28 years 2 months 12 days
Employee Stock Ownership Plan Esop Loan Principal Amount | $			$ 1,600,000	$ 1,700,000
Employee Stock Ownership Plan (ESOP), Compensation Expense | $			80,000	70,000
Employee Stock Ownership Plan (ESOP), Fair Value of Shares Subject to Repurchase Obligation | $			$ 2,400,000	2,200,000
Employment Agreements Period			3 years
Employment Agreements Initial Term			2 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			4 years 1 month 6 days
Share-based Compensation | $			$ 249,000	70,000
Equity Incentive Plan 2015 [Member]
Multiemployer Plans [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares		314,661
401(k) Plan
Multiemployer Plans [Line Items]
Defined Contribution Plan Minimum Working Periods Eligibility			250 hours
Defined Contribution Plan Employer Matching Contribution Equal To Tax Contribution Percent			5.00%
Defined Contribution Plan Minimum Eligible Age Of Employees | Officers			21
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay			100.00%
Defined Contribution Plan, Administrative Expenses | $			$ 88,000	82,000
Defined Contribution Plan Minimum Requisite Service Period			3 months
401(k) Plan | Minimum [Member]
Multiemployer Plans [Line Items]
Defined Contribution Plan Annual Contribution Per Employee Percent			1.00%
401(k) Plan | Maximum [Member]
Multiemployer Plans [Line Items]
Defined Contribution Plan Annual Contribution Per Employee Percent			75.00%
Incentive Plan [Member]
Multiemployer Plans [Line Items]
Incentive Fee Expense | $			$ 126,000	132,000
SERP
Multiemployer Plans [Line Items]
Other Postretirement Benefit Expense | $			$ 48,000	$ 46,000
IPO [Member]
Multiemployer Plans [Line Items]
Stock Issued During Period, Shares, New Issues | shares					2,182,125
Sale of Stock, Price Per Share | $ / shares					$ 10
Employee Stock [Member]
Multiemployer Plans [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent			100.00%
Employee Stock [Member] | After Second Year Service [Member]
Multiemployer Plans [Line Items]
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage			20.00%
Employee Stock [Member] | After Six Year Service [Member]
Multiemployer Plans [Line Items]
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage			100.00%
Restricted Stock [Member]
Multiemployer Plans [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares		70,950	70,950
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares			18,953
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $			$ 806,000
Share-based Compensation | $			106,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $			$ 42,000
Restricted Stock [Member] | Five Year Period [Member]
Multiemployer Plans [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | shares		47,600
Restricted Stock [Member] | Four Year Period [Member]
Multiemployer Plans [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | shares		23,350
Restricted Stock [Member] | Equity Incentive Plan 2015 [Member]
Multiemployer Plans [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares	70,950
Employee Stock Option [Member]
Multiemployer Plans [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares		169,500
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares			55,258
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $			$ 474,000
Share-based Compensation | $			63,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $			$ 8,000
Employee Stock Option [Member] | Five Year Period [Member]
Multiemployer Plans [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | shares		122,500
Employee Stock Option [Member] | Four Year Period [Member]
Multiemployer Plans [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | shares		47,000
Employee Stock Option [Member] | Equity Incentive Plan 2015 [Member]
Multiemployer Plans [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares	169,500

OFF-BALANCE SHEET ACTIVITIES -

OFF-BALANCE SHEET ACTIVITIES - Notional Amounts of Financial Instrument Liabilities of Off-Balance Sheet Credit Risk (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Offsetting Liabilities [Line Items]
Notional amounts of financial instrument liabilities	$ 26,586	$ 24,641
Loan Origination Commitments [Member]
Offsetting Liabilities [Line Items]
Notional amounts of financial instrument liabilities	5,958	5,747
Unadvanced Funds on Loans [Member] | Construction Loans [Member]
Offsetting Liabilities [Line Items]
Notional amounts of financial instrument liabilities	12,608	13,006
Unadvanced Funds on Loans [Member] | Home Equity Line of Credit [Member]
Offsetting Liabilities [Line Items]
Notional amounts of financial instrument liabilities	4,087	4,257
Unadvanced Funds on Loans [Member] | Commercial Lines Of Credit [Member]
Offsetting Liabilities [Line Items]
Notional amounts of financial instrument liabilities	3,816	1,513
Unadvanced Funds on Loans [Member] | Consumer Loan [Member]
Offsetting Liabilities [Line Items]
Notional amounts of financial instrument liabilities	$ 117	$ 118

OFF-BALANCE SHEET ACTIVITIES 76

OFF-BALANCE SHEET ACTIVITIES - Additional Information (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Loans and Leases Receivable, Allowance	$ 1,049,000	$ 886,000	$ 743,000
Other Liabilities [Member]
Loans and Leases Receivable, Allowance	$ 11,000	$ 9,000

COMMITMENTS AND CONTINGENT LI77

COMMITMENTS AND CONTINGENT LIABILITIES - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016
Loss Contingency, Settlement Agreement, Date	March 10, 2007
Long-term Purchase Commitment, Period	7 years
Amended Agreement Description	The effective date of the amendment was May 1, 2012 for a seven-year term and will automatically renew for successive seven-year terms unless either party notifies the other of its intention not to renew.

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	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 17,041	$ 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	17,041	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	8,934	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	8,934	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	2,646	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	2,646	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	5,461	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	5,461	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 - Sum79

FAIR VALUE MEASUREMENTS - Summary of Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - Fair Value Measurements Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	$ 552	$ 552
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	552	552
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets at fair value	552	552
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	$ 552	$ 552

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	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financial assets:
Cash and cash equivalents	$ 11,188	$ 10,670	$ 18,295
Interest-bearing time deposits with other banks	1,092	1,087
Available-for-sale securities	17,041	16,556
Held-to-maturity securities	104	120
Federal Home Loan Bank stock	2,299	971
Investment in The Co-operative Central Reserve Fund	384	384
Loans, net	210,486	170,427
Accrued interest receivable	599	508
Financial liabilities:
Deposits	182,086	169,372
FHLB advances	37,329	8,500
Quoted Prices in Active Markets for Identical Assets Level 1 [Member]
Financial assets:
Cash and cash equivalents	11,188	10,670
Interest-bearing time deposits with other banks	0	0
Available-for-sale securities	0	0
Held-to-maturity securities	0	0
Federal Home Loan Bank stock	2,299	971
Investment in The Co-operative Central Reserve Fund	384	384
Loans, net	0	0
Accrued interest receivable	599	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	1,098	1,086
Available-for-sale securities	17,041	16,556
Held-to-maturity securities	135	155
Federal Home Loan Bank stock	0	0
Investment in The Co-operative Central Reserve Fund	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Financial liabilities:
Deposits	182,676	170,134
FHLB advances	37,089	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
Available-for-sale securities	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, net	211,328	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	11,188	10,670
Interest-bearing time deposits with other banks	1,092	1,087
Available-for-sale securities	17,041	16,556
Held-to-maturity securities	104	120
Federal Home Loan Bank stock	2,299	971
Investment in The Co-operative Central Reserve Fund	384	384
Loans, net	210,486	170,427
Accrued interest receivable	599	508
Financial liabilities:
Deposits	182,086	169,372
FHLB advances	37,329	8,500
Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	11,188	10,670
Interest-bearing time deposits with other banks	1,098	1,086
Available-for-sale securities	17,041	16,556
Held-to-maturity securities	135	155
Federal Home Loan Bank stock	2,299	971
Investment in The Co-operative Central Reserve Fund	384	384
Loans, net	211,328	171,150
Accrued interest receivable	599	508
Financial liabilities:
Deposits	182,676	170,134
FHLB advances	$ 37,089	$ 8,458

REGULATORY MATTERS - Schedule o

REGULATORY MATTERS - Schedule of Bank's Actual Capital Amounts and Ratios (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Key Regulatory Ratios
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual, Amount	$ 23,380	$ 22,171
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual, Ratio	13.93%	15.55%
Common Equity Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes, Amount	$ 7,551	$ 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	$ 10,907	$ 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%
Total Capital (to Risk Weighted Assets), Actual Amount	$ 24,440	$ 23,066
Tier 1 Capital (to Risk Weighted Assets), Actual Amount	23,380	22,171
Tier 1 Capital (to Average Assets), Actual Amount	$ 23,380	$ 22,171
Total Capital (to Risk Weighted Assets), Actual Ratio	14.56%	16.18%
Tier 1 Capital (to Risk Weighted Assets), Actual Ratio	13.93%	15.55%
Tier 1 Capital (to Average Assets), Actual Ratio	9.38%	10.86%
Total Capital (to Risk Weighted Assets), For Capital Adequacy Purposes, Amount	$ 13,424	$ 11,408
Tier 1 Capital (to Risk Weighted Assets), For Capital Adequacy Purposes, Amount	10,068	8,556
Tier 1 Capital (to Average Assets), For Capital Adequacy Purposes, Amount	$ 9,970	$ 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	$ 16,781	$ 14,260
Tier 1 Capital (to Risk Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	13,424	11,408
Tier 1 Capital (to Average Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 12,463	$ 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%

REGULATORY MATTERS - Additional

REGULATORY MATTERS - Additional Information (Detail)	Dec. 31, 2016	Dec. 31, 2015	Jan. 02, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital to risk-weighted assets	13.93%	15.55%
Total Capital (to Risk Weighted Assets), Actual Ratio	14.56%	16.18%
Tier 1 Leverage Ratio	9.38%	10.86%
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%
New Capital Regulations [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital to risk-weighted assets			4.50%
Total Capital (to Risk Weighted Assets), Actual Ratio			8.00%
Common equity tier 1 capital required to be well capitalized to risk-weighted assets			6.50%
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%
Minimum [Member] | New Capital Regulations [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Leverage Ratio			4.00%
Maximum [Member] | New Capital Regulations [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 capital to risk-weighted assets			6.00%
Tier 1 capital required to be well capitalized to risk-weighted assets			8.00%

CONDENSED PARENT COMPANY FINA83

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS - Condensed Balance Sheets of Parent Company (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Other assets	$ 233	$ 257
Total assets	252,933	210,507
LIABILITIES AND STOCKHOLDERS' EQUITY
Other liabilities	871	666
Stockholders' equity	32,647	31,969	$ 31,602
Total liabilities and stockholders' equity	252,933	210,507
Parent Company [Member]
ASSETS
Noninterest bearing deposits	7,702	8,158
Loan to the ESOP	1,646	1,682
Investment in subsidiary	23,259	22,078
Other assets	353	221
Total assets	32,960	32,139
LIABILITIES AND STOCKHOLDERS' EQUITY
Other liabilities	313	170
Stockholders' equity	32,647	31,969
Total liabilities and stockholders' equity	$ 32,960	$ 32,139

CONDENSED PARENT COMPANY FINA84

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS - Condensed Statements of Net Income (Loss) of Parent Company (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Parent Company Only Financial In formation [Line Items]
Other noninterest expense									$ 214	$ 208
Loss before income tax benefit and equity in undistributed net income of the Bank	$ 503	$ 460	$ 299	$ 247	$ 343	$ 320	$ 211	$ 145	1,509	1,019
Income tax benefit	(113)	(184)	(114)	(91)	(127)	(117)	(77)	(44)	(502)	(365)
Net income	$ 390	$ 276	$ 185	$ 156	$ 216	$ 203	$ 134	$ 101	1,007	654
Parent Company [Member]
Parent Company Only Financial In formation [Line Items]
Interest income from ESOP loan									59	56
Other noninterest expense									119	137
Loss before income tax benefit and equity in undistributed net income of the Bank									(60)	(81)
Income tax benefit									(107)	(32)
Income (loss) before equity in undistributed net income of subsidiary									47	(49)
Equity in undistributed net income of subsidiary									960	703
Net income									$ 1,007	$ 654

CONDENSED PARENT COMPANY FINA85

CONDENSED PARENT COMPANY FINANCIAL STATEMENTS - Condensed Statements of Cash Flows of Parent Company (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income	$ (390)	$ (276)	$ (185)	$ (156)	$ (216)	$ (203)	$ (134)	$ (101)	$ (1,007)	$ (654)
Adustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred tax (benefit) expense									(227)	(63)
Increase in other assets									24	159
Increase in other liabilities									205	105
Net cash provided by operating activities									1,471	1,296
Cash flows from financing activities:
Retirement of common stock									(550)	(298)
Issuance costs related to initial public offering									0	(17)
Net cash used in financing activities									40,993	21,547
Net change in cash and cash equivalents									518	(7,625)
Cash and cash equivalents at beginning of period				10,670				18,295	10,670	18,295
Cash and cash equivalents at end of period	11,188				10,670				11,188	10,670
Parent Company [Member]
Cash flows from operating activities:
Net income									(1,007)	(654)
Adustments to reconcile net income (loss) to net cash provided by operating activities:
Repayment of principal on ESOP loan									36	37
Equity in undistributed income of subsidiary									(960)	(703)
Deferred tax (benefit) expense									(37)	40
Increase in other assets									(95)	(72)
Increase in other liabilities									143	137
Net cash provided by operating activities									94	93
Cash flows from financing activities:
Retirement of common stock									(550)	(298)
Issuance costs related to initial public offering									0	(17)
Net cash used in financing activities									(550)	(315)
Net change in cash and cash equivalents									(456)	(222)
Cash and cash equivalents at beginning of period				$ 8,158				$ 8,380	8,158	8,380
Cash and cash equivalents at end of period	$ 7,702				$ 8,158				$ 7,702	$ 8,158

QUARTERLY DATA (UNAUDITED) (Det

QUARTERLY DATA (UNAUDITED) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016		Dec. 31, 2015
Interest and dividend income	$ 2,235	$ 2,194	$ 1,928	$ 1,866	$ 1,837	$ 1,772	$ 1,682	$ 1,606	$ 8,223		$ 6,897
Interest expense	429	426	374	352	310	268	253	254	1,581		1,085
Net interest and dividend income	1,806	1,768	1,554	1,514	1,527	1,504	1,429	1,352	6,642		5,812
Provision for loan losses	36	62	36	36	48	36	38	22	170		144
Net interest and dividend income, after provision for loan losses	1,770	1,706	1,518	1,478	1,479	1,468	1,391	1,330	6,472		5,668
Total noninterest income	114	155	146	147	149	156	133	159	562		597
Total noninterest expense	1,381	1,401	1,365	1,378	1,285	1,304	1,313	1,344	5,525		5,246
Income before income taxes	503	460	299	247	343	320	211	145	1,509		1,019
Provision for income taxes	113	184	114	91	127	117	77	44	502		365
Net income	$ 390	$ 276	$ 185	$ 156	$ 216	$ 203	$ 134	$ 101	$ 1,007		$ 654
Earnings per share:
Basic	$ 0.19	$ 0.14	$ 0.09	$ 0.08	$ 0.1	$ 0.1	$ 0.06	$ 0.05	$ 0.5		$ 0.31
Diluted	$ 0.19	$ 0.14	$ 0.09	$ 0.08	$ 0.1	$ 0.1	$ 0.06	$ 0.05	$ 0.5	[1]	$ 0.31	[1]
[1]	Options to purchase 169,500 shares, representing all outstanding options, were not included in the computation of diluted earnings per share for the year ended December 31, 2016 because the impact was anti-dilutive. There were no options to purchase shares for the year ended December 31, 2015.