MB Bancorp (MBCQ) 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 12, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	MB Bancorp Inc
Entity Central Index Key	1,617,291
Trading Symbol	mbcq
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,116,000
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Cash and due from banks	$ 3,368	$ 3,627
Interest bearing deposits in other banks	1,626	11,563
Total cash and cash equivalents	4,994	15,190
Other interest-bearing deposits in other banks	22,977	10,445
Investment securities available-for-sale - at fair value	3,952	502
Investment securities held to maturity - amortized cost	8,338	14,139
Loans, net of unearned fees	95,646	103,667
Less allowance for loan losses	(1,622)	(1,731)
Loans, net	94,024	101,936
Real estate ground rents	839	842
Less allowance for credit losses	(137)	(139)
Ground rents, net	702	703
Federal Home Loan Bank stock, at cost	688	929
Property and equipment - net	3,829	3,907
Deferred income taxes	848	1,120
Bank-owned life insurance	885	847
Other real estate owned	20	379
Accrued interest receivable and other assets	583	588
TOTAL ASSETS	141,840	150,685
LIABILITIES:
Deposits	94,020	98,473
Federal Home Loan Bank advances	12,000	15,750
Deferred compensation liability	181	318
Accounts payable and other liabilities	464	330
Total liabilities	106,665	114,871
STOCKHOLDERS' EQUITY:
Common stock .01 par value; authorized 19,000,000 shares; issued and outstanding 2,116,000 shares at September 30, 2015 and December 31, 2014	21	21
Additional paid-in capital	20,153	20,144
Retained earnings - substantially restricted	16,578	17,318
Accumulated other comprehensive income	22	15
Unearned ESOP shares	(1,599)	(1,684)
Total stockholders' equity	35,175	35,814
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 141,840	$ 150,685

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	19,000,000	19,000,000
Common stock, shares issued	2,116,000	2,116,000
Common stock, shares outstanding	2,116,000	2,116,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
INTEREST INCOME:
Interest and fees on loans	$ 1,068	$ 1,119	$ 3,175	$ 3,431
Interest on federal funds sold and other investments	48	9	136	30
Interest and dividends on investment securities	101	127	326	383
Total interest income	1,217	1,255	3,637	3,844
INTEREST EXPENSE:
Interest on deposits	181	200	545	622
Interest on short-term borrowings		3	3	11
Interest on long-term borrowings	128	128	379	379
Total interest expense	309	331	927	1,012
NET INTEREST INCOME	908	924	2,710	2,832
(REVERSAL) PROVISION FOR LOAN LOSSES	(5)	821	(4)	810
NET INTEREST INCOME AFTER (REVERSAL) PROVISION FOR LOAN LOSSES	913	103	2,714	2,022
NON-INTEREST INCOME:
Service charges on deposit accounts	3	3	9	10
Fees and charges on loans	17	9	37	37
Increase in cash surrender value of life insurance	13	1	38	3
Gain on sale of other real estate owned	3		10	1
Gain on sale of real estate held for sale	8		8	131
Ground rent fees	10	10	30	33
Other income	6	6	16	18
Total non-interest income	60	29	148	233
NON-INTEREST EXPENSE:
Salaries and employee benefits	616	569	1,834	1,668
Occupancy expenses	97	104	314	335
Furniture and equipment expenses	13	15	38	55
Legal and professional expenses	82	40	280	130
Data processing and other outside services	58	58	179	180
FDIC insurance premiums	24	29	77	90
Advertising and marketing related expenses	14	9	52	58
Provision for loss on other real estate owned	96	108	147	108
Provision (reversal) for loss on ground rents	(1)	(1)	(5)	11
Other expenses	122	155	424	419
Total non-interest expenses	1,121	1,086	3,340	3,054
LOSS BEFORE INCOME TAXES	(148)	(954)	(478)	(799)
INCOME TAX EXPENSE	157	303	262	363
NET LOSS	$ (305)	$ (1,257)	$ (740)	$ (1,162)
Basic loss earnings per share (in dollars per share)	$ (0.16)		$ (0.38)
Diluted loss per share (in dollars per share)	$ (0.16)		$ (0.38)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
NET LOSS	$ (305)	$ (1,257)	$ (740)	$ (1,162)
OTHER COMPREHENSIVE INCOME (LOSS) ON AVAILABLE-FOR-SALE INVESTMENT SECURITIES:
Unrealized gains (losses) arising during the period	25	(5)	12	13
Income taxes on unrealized gains (losses) arising during the period	(10)	2	(5)	(5)
Unrealized gains (losses) arising during the period, net of tax	15	(3)	7	8
COMPREHENSIVE LOSS	$ (290)	$ (1,260)	$ (733)	$ (1,154)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Common Stock	Additional Paid In Capital	Retained Earnings	Unearned ESOP Shares	Accumulated Other Comprehensive Income	Total
BALANCE at Dec. 31, 2013			$ 18,495		$ 7	$ 18,502
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss			(1,162)			(1,162)
Net unrealized gain on available-for-sale securities, net of taxes of ($5)					8	8
BALANCE at Sep. 30, 2014			17,333		15	17,348
BALANCE at Dec. 31, 2014	$ 21	$ 20,144	17,318	$ (1,684)	15	35,814
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss			(740)			(740)
Net unrealized gain on available-for-sale securities, net of taxes of ($5)					7	7
Stock-based compensation		9		85		94
BALANCE at Sep. 30, 2015	$ 21	$ 20,153	$ 16,578	$ (1,599)	$ 22	$ 35,175

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) (Parentheticals) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statement of Stockholders' Equity [Abstract]
Net unrealized gain on available-for-sale securities, tax	$ 5	$ 5

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (740)	$ (1,162)
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation expense	106	124
Increase in cash surrender value of life insurance	(38)	(3)
Net amortization/accretion of premiums and discounts	(8)	2
(Reversal) provision for loan losses	(4)	810
(Reversal) provision for ground rent losses	(5)	11
Decrease in deferred income taxes	267	370
Provision for loss on other real estate owned	147	108
Non-cash compensation under stock-based benefit plan	93
Gain on sale of other real estate owned	(10)	(1)
Increase in accrued interest and other assets	5	(254)
Gain on sale of real estate held for sale	(8)	(131)
Decrease in deferred compensation liability	(137)	(51)
Increase (decrease) increase in accounts payable and other liabilities	143	(137)
Net cash used in operating activities	(189)	(314)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net (increase) decrease in other interest bearing deposits in other banks	(12,532)	1,001
Purchase of available-for-sale investments	(3,501)	(120)
Proceeds from calls/repayments of available-for-sale investments	64	58
Purchase of held-to-maturity investments		(968)
Proceeds from maturity/repayments of held-to-maturity investments	5,809	776
Net decrease in loans	7,957	6,203
Proceeds from sale of ground rents	6	5
Proceeds from sale of other real estate owned	171	2
Proceeds from sale of real estate held for sale	8	575
Purchase of property, plant and equipment	(28)	(30)
Redemption of Federal Home Loan Bank stock	241	55
Net cash (used in) provided by investing activities	(1,805)	7,557
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in deposits	(4,452)	(7,149)
Federal Home Loan Bank advances	4,750	5,750
Federal Home Loan Bank repayments	(8,500)	(5,750)
Net cash used in financing activities	(8,202)	(7,149)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(10,196)	94
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	15,190	4,010
CASH AND CASH EQUIVALENTS AT END OF YEAR	4,994	4,104
Supplemental cash flow information:
Interest paid	$ 927	$ 1,013
Income taxes paid
Noncash:
Transfer of loans to other real estate owned		$ 67
Transfer of other real estate owned to loans	$ 41

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES In 2002, Bohemian American Federal Savings and Loan Association, Inc., incorporated in 1899 in the State of Maryland, merged with Madison & Bradford Federal Savings & Loan Association, incorporated in 1904 in the State of Maryland, to form Madison Bohemian Savings Bank. On September 1, 2009 Madison Bohemian Savings Bank changed its name to Madison Bank of Maryland (the “Bank”). The Bank’s principal business is providing mortgage and consumer loans in Baltimore and Harford County. The Bank also provides construction and lot loans. Significant accounting policies followed by the Bank are presented below. On August 26, 2014, the Bank’s Board of Directors approved a plan (the “Plan”) to convert from a federally-chartered mutual savings bank to a federally-chartered stock savings bank form of organization, which was subsequently approved by the Bank’s members. The Plan included the formation of MB Bancorp, Inc. (the “Company”) to own all of the outstanding capital stock of the Bank. On December 29, 2014, the Bank completed its mutual-to-stock conversion. On that date, the Bank became the wholly owned subsidiary of the Company and the Company sold 2,116,000 shares of its common stock for gross offering proceeds of $21,160,000. The cost of conversion and issuing and selling the capital stock was deducted from the proceeds of the offering. The Bank incurred $995,000 in conversion cost, which was recorded in prepaid expenses and other assets on the Consolidated Balance Sheet. At the time of conversion, the Bank established a liquidation account in an amount equal to its retained earnings as reflected in the latest balance sheet used in the final conversion prospectus. The liquidation account will be maintained for the benefit of eligible account holders who continue to maintain their deposit accounts in the Bank after conversion. The liquidation account will be reduced annually to the extent that eligible depositors have reduced their qualifying deposits. In the event of a complete liquidation of the Bank, eligible depositors who continue to maintain accounts in accordance with Office of the Comptroller of the Currency (“OCC”) regulations will be entitled to receive a distribution from the liquidation account before any liquidation may be made with respect to the Company’s common stock. The conversion will be accounted for as change in corporate form with the historic base of the Bank’s assets, liabilities and equity unchanged as a result. The Bank may not declare or pay a cash dividend if the effect thereof would cause its net worth to be reduced below either the amount required for the liquidation account discussed above or the regulatory capital requirements imposed by the OCC. Unaudited Interim Financial Statements The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X as promulgated by the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, the accompanying consolidated financial statements as of September 30, 2015 and for the three and nine months ended September 30, 2015 and 2014 contains all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position at September 30, 2015. Certain prior period information has been reclassified to conform to the current period presentation. These statements should be read in conjunction with the audited consolidation financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The results of operations and cash flows for the three and nine months ended September 30, 2015 and 2014 are not necessarily indicative of the results to be expected for the year ended December 31, 2015. Principles of Consolidation The consolidated financial statements include the accounts of MB Bancorp, Inc. (“The Company”) and it’s wholly owned subsidiaries, Madison Bank of Maryland (“The Bank”), 1920 Rock Spring Road, LLC formed in 1998 to own and hold real estate and Mutual, LLC formed in 2011 to hold other real estate owned. All significant intercompany accounts and transactions have been eliminated. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles and to general practices in the banking industry. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Loans Loans are stated at the principal amount outstanding net of any deferred fees and costs. Interest income on loans is accrued at the contractual rate on the principal amount outstanding. It is the Company’s policy to discontinue the accrual of interest when circumstances indicate that collection is doubtful. Direct loan origination fees, net of direct loan origination costs, are amortized or accreted over the contractual life of the loan using the interest method. Loans are considered impaired when, based on current information; it is probable that the Company will not collect all principal and interest payments according to contractual terms. Generally, loans are considered impaired once principal and interest payments are past due and they are placed on non-accrual. Management also considers the financial condition of the borrower, cash flows of the loan and the value of the related collateral. Impaired loans do not include large groups of smaller balance homogeneous credits such as residential real estate and consumer installment loans, which are evaluated collectively for impairment. Loans specifically reviewed for impairment are not considered impaired during periods of “minimal delay” in payment (usually ninety days or less) provided eventual collection of all amounts due is expected. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, except that as a practical expedient, the Company may measure impairment based on a loan’s observable market price or the fair value of the collateral, if the loan is collateral dependent. The Company recognizes interest income on impaired loans on a cash basis if the borrower demonstrates the ability to meet the contractual obligation and collateral is sufficient. If there is doubt regarding the borrower’s ability to make payments or the collateral is not sufficient, payments received are accounted for as a reduction in principal. A loan is considered to be a troubled debt restructured loan (“TDR”) when the Company grants a concession to the borrower that the Company would not otherwise consider to a borrower of comparable risk and placed on non-accrual status. Such concessions include the reduction of interest rates, forgiveness of all or a portion of principal or interest, extension of loan term or other modifications at interest rates that are less than the current market rate for new obligations with similar risk. If a loan is in nonaccrual status at the time we restructure it and classify the restructure as a troubled debt restructuring, it is our policy to maintain the loan as nonaccrual until we receive six consecutive monthly payments under the restructured terms. TDR loans that are in compliance with their modified terms and that yield a market rate may be removed from the TDR status after a period of one year. Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses charged to expense. Loans are charged against the allowance for loan losses when management believes that the collectability of the principal is unlikely. The Company maintains an allowance for loan losses at an amount estimated to equal all loan losses incurred in our loan portfolio that are both probable and reasonable to estimate at a balance sheet date. The evaluations take into consideration such factors as changes in the nature and volume of the loan portfolio, overall portfolio quality, review of specific problem loans, and current economic conditions and trends that may affect the borrowers’ ability to pay. The allowance for loan losses represents an estimation done pursuant to either Accounting Standards Codification (“ASC”) Topic 450 “ Contingencies Receivables While management believes it has established the allowance for loan losses in accordance with generally accepted accounting principles and has taken into account the views of its regulators and the current economic environment, there can be no assurance that in the future the Bank’s regulators or the economic environment will not require further increases in the allowance. Other Real Estate Owned Real estate acquired in satisfaction of a debt is carried at fair value net of estimated selling costs. Costs incurred in maintaining foreclosed real estate and write-downs to reflect declines in the fair value of the properties after acquisition are included in noninterest expenses. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Bank, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Income Taxes The Bank uses the liability method of accounting for income taxes. Under the liability method, deferred-tax assets and liabilities are determined based on differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities ( i.e., ASC Topic 740, “ Income Taxes, Recognition of Deferred Tax Valuation Allowance As of December 31, 2014, the Bank had remained in a cumulative loss position for three consecutive years and consequently management reevaluated the need for a valuation allowance of the deferred tax asset balance. Management’s evaluation included: management’s ability to fully implement our strategic plan, which included additional expenses expected to be incurred as the result of becoming a public company; and the ability to generate sufficient taxable income to fully realize the Bank’s net operating loss carryforwards. Management concluded that it is more likely than not the Bank will be unable to generate sufficient taxable income in the foreseeable future to fully utilize the cumulative net operating loss carryforward and, therefore, established a valuation allowance to offset the net operating loss carryforward related deferred tax asset.

IMPACT OF RECENT ACCOUNTING PRO

IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS	2. IMPACT OF RECENT ACCOUNTING PRONOUNCEMENTS In January 2014, the FASB issued ASU No. 2014-4, “ Receivables — Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force) In May 2014, the FASB issued an update (ASU No. 2014-09, Revenue from Contracts with Customers) creating FASB Topic 606, Revenue from Contracts with Customers. The guidance in this update affects any entity that either enters into contract 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 (for example, insurance contracts or lease contracts). The core principle 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. The guidance provides steps to follow to achieve the core principle. An entity should disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Qualitative and quantitative information is required about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. The amendments in this update are effective for interim and annual reporting periods beginning after December 15, 2016. I n July 2015, the FASB voted to approve deferring the effective date by one year (i.e., interim and annual reporting periods beginning after December 15, 2017). In August 2014, FASB issued ASU-2014-14, “ Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	3. INVESTMENT SECURITIES The carrying amount and estimated fair market value of investment securities classified as available-for-sale are summarized as follows: September 30, 2015 (unaudited) (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investments available-for-sale: U.S. Government securities: FHLMC bonds $ — $ — $ — $ — FNMA bonds — — — — FFCB bonds 2,996 12 — 3,008 Total U.S. Government securities 2,996 12 — 3,008 Mortgage-backed securities: FHLMC certificates 725 12 — 737 FNMA certificates 121 9 — 130 GNMA certificates 74 3 — 77 Total mortgage-backed securities 920 24 — 944 Total investments available-for-sale $ 3,916 $ 36 $ — $ 3,952 December 31, 2014 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Mortgage-backed securities: FHLMC certificates $ 239 $ 10 $ — $ 249 FNMA certificates 154 10 — 164 GNMA certificates 85 4 — 89 Total mortgage-backed securities 478 24 — 502 Total investments available-for-sale $ 478 $ 24 $ — $ 502 The carrying amount and estimated fair market value of investment securities classified as held-to-maturity are summarized as follows: September 30, 2015 (unaudited) (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investments held-to-maturity: U.S. Government securities: FHLMC bonds $ 998 $ — $ (6 ) $ 992 FNMA bonds 1,000 — (5 ) 995 FFCB bonds 2,000 — (43 ) 1,957 Total U.S. Government securities 3,998 — (54 ) 3,944 Mortgage-backed securities: FHLMC certificates 1,207 88 — 1,295 FNMA certificates 2,709 170 — 2,879 GNMA certificates 424 38 — 462 Total mortgage backed securities 4,340 296 — 4,636 Total investments held-to-maturity $ 8,338 $ 296 $ (54 ) $ 8,580 December 31, 2014 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investments held-to-maturity: U.S. Government securities: FHLMC bonds $ 4,997 $ 10 $ (15 ) $ 4,992 FNMA bonds 1,000 — (26 ) 974 FFCB bonds 3,000 — (67 ) 2,933 Total U.S. Government securities 8,997 10 (108 ) 8,899 Mortgage-backed securities: FHLMC certificates 1,466 107 — 1,573 FNMA certificates 3,181 203 — 3,384 GNMA certificates 495 47 — 542 Total mortgage backed securities 5,142 357 — 5,499 Total investments held-to-maturity $ 14,139 $ 367 $ (108 ) $ 14,398 Below are schedules of both available-for-sale and held-to-maturity securities with unrealized losses as of September 30, 2015 (unaudited) and December 31, 2014 and the length of time the individual security has been in a continuous unrealized loss position. Unrealized losses are the result of interest rate levels differing from those existing at the time of purchase of the securities and as to mortgage-backed securities, estimated prepayment speeds. At September 30, 2015 (unaudited) and December 31, 2014, these unrealized losses are considered temporary as they reflect changes in fair values and are subject to change daily as interest rates fluctuate and the Bank has the ability and intent to hold the securities until the earlier of maturity or recovery. September 30, 2015 (unaudited) Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Mortgage-backed securities $ — $ — $ — $ — $ — $ — U.S. Government securities — — 3,944 (54 ) 3,944 (54 ) Total temporarily impaired securities $ — $ — $ 3,944 $ (54 ) $ 3,944 $ (54 ) December 31, 2014 Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Mortgage-backed securities $ — $ — $ — $ — $ — $ — U.S. Government securities — — 4,889 (108 ) 4,889 (108 ) Total temporarily impaired securities $ — $ — $ 4,889 $ (108 ) $ 4,889 $ (108 ) The scheduled maturities of debt securities at September 30, 2015 (unaudited) were as follows: Amortized (in thousands) Fair (in thousands) Due over one year through five years $ — $ — Due over five years through ten years 3,996 4,002 Due after ten years 2,998 2,950 Mortgage-backed securities 5,260 5,580 Total $ 12,254 $ 12,532

LOANS RECEIVABLE

LOANS RECEIVABLE	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
LOANS RECEIVABLE	4. LOANS RECEIVABLE Loans receivable consist of the following September 30, 2015 December 31, 2014 (Dollars in thousands) (Unaudited) Secured by real estate: Residential: One-to four-family $ 77,010 $ 83,227 Multi-family 2,115 2,160 Total 79,125 85,387 Non-residential 8,726 9,230 Construction and land loans 5,059 4,856 Home equity line of credit (“HELOC”) 3,908 5,106 Consumer and other loans: Loans to depositors, secured by savings 7 5 96,825 104,584 Add: Net discount on purchased loans (9 ) (8 ) Unamortized net deferred costs 28 35 Less: Undisbursed portion of construction loans (1,157 ) (897 ) Unearned net loan origination fees (41 ) (47 ) Less allowance for loan losses (1,622 ) (1,731 ) Loans receivable, net $ 94,024 $ 101,936 The risks associated with lending activities differ among the various loan types and are subject to the impact of changes in interest rates, market conditions of collateral securing the loans, and general economic conditions. All of these factors may adversely impact the borrower’s ability to repay its loans and impact the associated collateral. Residential real estate includes mortgage loans with the underlying one- to four-family or multi-family residential property (primarily owner-occupied) securing the debt. The Bank’s attempt to minimize risk exposure is minimized in these types of loans through the evaluation of the credit worthiness of the borrower, including debt-to-income ratios and underwriting standards which limit the loans-to-value ratio to generally no more than 80% unless the borrower obtains private mortgage insurance. Residential real estate also includes home equity loans and lines of credit. These present a slightly higher risk to the Bank than one-to four-family first lien mortgages as they can be first or second liens on the underlying property. These loans are generally limited with respect to loan-to-value ratios and the credit worthiness of the borrower is considered including debt-to-income ratios. Non-residential real estate includes various types of loans which have differing levels of credit risk associated with them. Owner-occupied commercial real estate loans are generally dependent upon the successful operation of the borrower’s business, with cash flows generated from the business being the primary source of loan repayment. If the business suffers a downturn in sales or profitability, the borrower’s ability to repay the loan could be in jeopardy. The Bank, attempts to minimize this credit risk through its underwriting standards which include the credit worthiness of the borrower, a limitation on loan amounts to the value of the property securing the loan, and an evaluation of debt service coverage ratios. Non-owner occupied commercial real estate loans present a different credit risk to the Bank than owner-occupied commercial real estate, as the repayment of the loan is dependent upon the borrower’s ability to generate a sufficient level of occupancy to produce rental income that exceeds debt service requirement and operating expenses. Lower occupancy or lease rates may result in a reduction in cash flows, which hinder the ability of the borrower to meet debt service requirements, and may result in lower collateral values. The Bank generally follows the same underwriting standards for these loans as with owner occupied commercial real estate, but recognizes the greater risk inherent in these credit relationships in its loan pricing. Construction and land loans consist of one- to four-family residential construction and land development loans. The risk of loss on these loans is largely dependent on the Bank’s ability to assess the property’s value at the completion of the project. During the construction phase, a number of factors could potentially negatively impact the collateral value, including cost overruns, delays in completing the project, competition and real estate market conditions which may change based on the supply of similar properties in the area. In the event the collateral value at the completion of the project is not sufficient to cover the outstanding loan balance, the Bank must rely upon other repayment sources, including the borrowers and/or guarantors of the project or other collateral securing the loan. The Bank attempts to mitigate credit risk through strict underwriting standards including evaluation of the credit worthiness of the borrowers and their success in other projects, adequate loan-to-value ratios and continual monitoring of the project during its construction phase. Consumer loans consist primarily of loans secured by the borrower’s deposit balance at the Bank. As these loans are typically 100% secured by savings and certificate of deposits, the risk of credit loss is not deemed significant. The Bank maintains an allowance for loan losses at an amount estimated to equal all loan losses incurred in our loan portfolio that are both probable and reasonable to estimate at a balance sheet date. Our determination as to the classification of our assets is subject to review by the OCC and the FDIC. We regularly review our asset portfolio to determine whether any assets require classification in accordance with applicable regulatory guidelines. The Bank provides for loan losses based upon the consistent application of our documented allowance for loan loss methodology. All loan losses are charged to the allowance for loan losses and all recoveries are credited to it. Additions to the allowance for loan losses are provided by charges to income based on various factors which, in our judgment, deserve current recognition in estimating probable losses. We regularly review the loan portfolio and make provisions for loan losses in order to maintain the allowance for loan losses in accordance with Generally Accepted Accounting Principles (“GAAP”). The allowance for loan losses consists of two components: • Specific allowances Losses on non-modified loans are charged-off in the month the loss is measured. Non-modified loans are measured for loss at the point the loan becomes 90 to 120 days delinquent or at maturity if an extension is requested. We obtain a third party appraisal to determine the fair value of the collateral. We measure these loans for loss by using the fair value of collateral less disposition costs method and if any loss is determined it is charged off directly. Subsequently, these loans are re-evaluated at least annually by obtaining an updated third party appraisal to determine if there should be any further loss recognition. • General allowances Management’s periodic evaluation of the adequacy of the allowance is based on the Bank’s historical loan loss experience, known and inherent losses in the portfolio, adverse situations that may affect the borrower’s ability to repay, and the estimated value of any underlying collateral. The historical loss experience is further adjusted for qualitative factors which include: changes in composition of the loan portfolio, current economic conditions, trends of past due and classified loans, quality of loan review system and Board oversight, existence and effect of concentrations and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant change, including the amounts and timing of future cash flows expected to be received on impaired loans. A loan is considered past due or delinquent when a contractual payment is not paid on the day it is due. Loans are generally placed on non-accrual status when they become 120 days delinquent. We may choose to consider loans from 90 to 119 days delinquent to be non-accrual, and generally do so except where a borrower has a history of periodically bringing a loan current after being 90 days or more delinquent or if there are extenuating circumstances. If the loan is less than 90 days delinquent, but information is brought to our attention that indicates the collection of interest is doubtful, the loan will immediately be considered non-accrual. A loan is considered impaired when, based on current information and events, it is probable that the Bank 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/or 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. Impairment is measured on a loan by loan basis. If the loan is deemed collateral dependent, the impairment is measured on the net realizable value of the collateral. If loan repayment is not deemed collateral dependent, impairment is measured on the net present value of the expected discounted future cash flows. The Bank charges off loans after the loan or a portion of the loan is deemed to be a loss and the loss amount has been determined. The loss amount is charged to the established allowance for loan losses. Each loss is evaluated on its specific facts regarding the appropriate timing to recognize the loss. Allowance for loan losses and recorded investment in loans for the three and nine months ended September 30, 2015 (unaudited) is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Non- Real Estate Construction and Land Unallocated Total Allowance for loan losses: Beginning balance, July 1, 2015 $ 1,202 $ 88 $ 185 $ 250 $ 1,725 Charge-offs — (247 ) (25 ) — (272 ) Recoveries 4 — 170 — 174 (Reversal) Provisions (129 ) 331 (207 ) — (5 ) Ending balance, September 30, 2015 $ 1,077 $ 172 $ 123 $ 250 $ 1,622 Beginning balance, January 1, 2015 $ 1,228 $ 79 $ 174 $ 250 $ 1,731 Charge-offs (17 ) (247 ) (25 ) — (289 ) Recoveries 14 — 170 — 184 (Reversal) Provisions (148 ) 340 (196 ) — (4 ) Ending balance, September 30, 2015 $ 1,077 $ 172 $ 123 $ 250 $ 1,622 Allowance for loan losses: Ending balance: individually evaluated for impairment $ 40 $ — $ — $ — $ 40 Ending balance: collectively evaluated for impairment $ 1,037 $ 172 $ 123 $ 250 $ 1,582 Loans: Ending balance: individually evaluated for impairment $ 3,276 $ 1,667 $ 2,165 $ — $ 7,108 Ending balance: collectively evaluated for impairment $ 79,764 $ 7,059 $ 2,894 $ — $ 89,717 Allowance for loan losses and recorded investment in loans for the three and nine months ended September 30, 2014 (unaudited) is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Consumer Non- Real Estate Construction and Land Unallocated Total Allowance for loan losses: Beginning balance, July 1, 2014 $ 1,470 $ 87 $ 66 $ — $ 1,623 Charge-offs (1 ) (39 ) (634 ) — (674 ) Recoveries 1 — — — 1 Provisions (218 ) 48 741 250 821 Ending balance, September 30, 2014 $ 1,252 $ 96 $ 173 $ 250 $ 1,771 Beginning balance, January 1, 2014 $ 1,586 $ 127 $ 77 $ — $ 1,790 Charge-offs (71 ) (39 ) (721 ) — (831 ) Recoveries 2 — — — 2 Provisions (265 ) 8 817 250 810 Ending balance, September 30, 2014 $ 1,252 $ 96 $ 173 $ 250 $ 1,771 Allowance for loan losses: Ending balance: individually evaluated for impairment $ 44 $ — $ — $ — $ 44 Ending balance: collectively evaluated for impairment $ 1,208 $ 96 $ 173 $ 250 $ 1,727 Loans: Ending balance: individually evaluated for impairment $ 5,352 $ 2,701 $ 2,256 $ — $ 10,309 Ending balance: collectively evaluated for impairment $ 87,457 $ 8,028 $ 2,638 $ — $ 98,123 Allowance for loan losses and recorded investment in loans for the year ended December 31, 2014 is as follows: (Dollars in thousands) Residential Non- Construction Unallocated Total Allowance for loan losses: Beginning balance $ 1,586 $ 127 $ 77 $ — $ 1,790 Charge-offs (123 ) (39 ) (722 ) — (884 ) Recoveries 2 13 — — 15 Provisions (237 ) (22 ) 819 250 810 Ending balance $ 1,228 $ 79 $ 174 $ 250 $ 1,731 Allowance for loan losses: Ending balance: individually evaluated for impairment. $ 45 $ — $ — $ — $ 45 Ending balance: collectively evaluated for impairment $ 1,183 $ 79 $ 174 $ 250 $ 1,686 Loans: Ending balance: individually evaluated for impairment $ 5,280 $ 1,979 $ 2,240 $ — $ 9,499 Ending balance: collectively evaluated for impairment $ 85,218 $ 7,251 $ 2,616 $ — $ 95,085 Credit risk profile by internally assigned classification as of September 30, 2015 (unaudited) is as follows: (Dollars in thousands) Residential Non- Construction Total Non-classified $ 80,318 $ 7,220 $ 2,894 $ 90,432 Special mention 1,370 — 139 1,509 Substandard 1,352 1,506 2,026 4,884 Doubtful — — — — Loss — — — — Total $ 83,040 $ 8,726 $ 5,059 $ 96,825 Credit risk profile by internally assigned classification as of December 31, 2014 is as follows: (Dollars in thousands) Residential Non- Construction Total Non-classified $ 85,231 $ 7,420 $ 2,616 $ 95,267 Special mention 2,793 — 144 2,937 Substandard 2,474 1,810 2,096 6,380 Doubtful — — — — Loss — — — — Total $ 90,498 $ 9,230 $ 4,856 $ 104,584 • Special Mention • Substandard • Doubtful • Loss Impaired loans as of the three and for the nine months ended September 30, 2015 (unaudited) is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Non- Real Estate Construction and Land Total With no related allowance recorded: Recorded investment $ 2,226 $ 1,667 $ 2,165 $ 6,058 Unpaid principal balance 2,629 1,973 3,209 7,811 Average recorded investment, for the three months ended September 30, 2015 2,739 1,835 2,188 6,762 Interest income recognized 123 17 26 166 Interest income foregone 7 9 1 17 Average recorded investment, for the nine months ended September 30, 2015 3,711 1,919 2,209 7,839 Interest income recognized 233 34 80 347 Interest income foregone 36 24 4 64 With an allowance recorded: Recorded investment 1,050 — — 1,050 Unpaid principal balance 1,049 — — 1,049 Related allowance 40 — — 40 Average recorded investment, for the three months ended September 30, 2015 1,052 — — 1,052 Interest income recognized 8 — — 8 Interest income foregone 1 — — 1 Average recorded investment, for the nine months ended September 30, 2015 872 — — 872 Interest income recognized 25 — — 25 Interest income foregone 1 — — 1 Total Recorded investment 3,276 1,667 2,165 7,108 Unpaid principal balance 3,678 1,973 3,209 8,860 Related allowance 40 — — 40 Average recorded investment, for the three months ended September 30, 2015 3,791 1,835 2,188 7,814 Interest income recognized 131 17 26 174 Interest income foregone 8 9 1 18 Average recorded investment, for the nine months ended September 30, 2015 4,583 1,919 2,209 8,711 Interest income recognized 258 34 80 372 Interest income foregone 37 24 4 65 Impaired loans as of the three and for the nine months ended September 30, 2014 (unaudited) is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Non- Real Estate Construction and Land Total With no related allowance recorded: Recorded investment $ 4,040 $ 2,701 $ 2,256 $ 8,997 Unpaid principal balance 4,733 2,778 3,276 10,787 Average recorded investment, for the three months ended September 30, 2014 4,049 2,735 2,684 9,468 Interest income recognized 41 16 26 83 Interest income foregone 60 19 2 81 Average recorded investment, for the nine months ended September 30, 2014 4,208 2,701 2,839 9,748 Interest income recognized 194 50 82 326 Interest income foregone 88 57 5 150 With an allowance recorded: Recorded investment 1,312 — — 1,312 Unpaid principal balance 1,365 — — 1,365 Related allowance 44 — — 44 Average recorded investment, for the three months ended September 30, 2014 1,314 — — 1,314 Interest income recognized 11 — — 11 Interest income foregone 1 — — 1 Average recorded investment, for the nine months ended September 30, 2014 1,318 — — 1,318 Interest income recognized 37 — — 37 Interest income foregone 1 — — 1 Total Recorded investment 5,352 2,701 2,256 10,309 Unpaid principal balance 6,098 2,778 3,276 12,152 Related allowance 44 — — 44 Average recorded investment, for the three months ended September 30, 2014 5,363 2,735 2,684 10,782 Interest income recognized 52 16 26 94 Interest income foregone 61 19 2 82 Average recorded investment, for the nine months ended September 30, 2014 5,526 2,701 2,839 11,066 Interest income recognized 231 50 82 363 Interest income foregone 89 57 5 151 Impaired loans as of and for the year ended December 31, 2014 is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Non- residential Real Estate Construction and Land Total With no related allowance recorded: Recorded investment $ 4,389 $ 1,979 $ 2,240 $ 8,608 Unpaid principal balance 5,204 2,021 3,260 10,485 Average recorded investment, for the twelve months ended December 31, 2014 4,577 2,640 2,691 9,908 Interest income recognized 251 66 107 424 Interest income foregone 91 48 8 147 With an allowance recorded: Recorded investment 891 — — 891 Unpaid principal balance 891 — — 891 Related allowance 45 — — 45 Average recorded investment, for the twelve months ended December 31, 2014 898 — — 898 Interest income recognized 34 — — 34 Interest income foregone 4 — — 4 Total Recorded investment 5,280 1,979 2,240 9,499 Unpaid principal balance 6,095 2,021 3,260 11,376 Related allowance 45 — — 45 Average recorded investment, for the twelve months ended December 31, 2014 5,475 2,640 2,691 10,806 Interest income recognized 285 66 107 458 Interest income foregone 95 48 8 151 An aged analysis of past due loans as of September 30, 2015 (unaudited) is as follows: (Dollars in thousands) Residential Non- residential Construction Total Current $ 81,958 $ 8,277 $ 4,951 $ 95,186 30 - 59 days past due 380 — — 380 60 - 89 days past due 246 — — 246 Greater than 90 day past due and still accruing — — — — Greater than 90 days past due 456 449 108 1,013 Total past due 1,082 449 108 1,639 Total $ 83,040 $ 8,726 $ 5,059 $ 96,825 An aged analysis of past due loans as of December 31, 2014 is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Non- residential Real Estate Construction and Land Total Current $ 88,268 $ 8,932 $ 4,664 $ 101,864 30 - 59 days past due 981 — — 981 60 - 89 days past due 154 — — 154 Greater than 90 day past due and still accruing — — — — Greater than 90 days past due 1,095 298 192 1,585 Total past due 2,230 298 192 2,720 Total $ 90,498 $ 9,230 $ 4,856 $ 104,584 Non-performing loans as of September 30, 2015 (unaudited) are as follows: (Dollars in thousands) Residential Non- residential Real Estate Construction Total Non-accruing troubled debt restructured loans $ 296 $ 1,113 $ 59 $ 1,468 Other non-accrual loans 498 350 108 956 Total non-accrual loans 794 1,463 167 2,424 Accruing troubled debt restructured loans 1,673 208 1,859 3,740 Total $ 2,467 $ 1,671 $ 2,026 $ 6,164 Non-performing loans as of December 31, 2014 are as follows: (Dollars in thousands) Residential Non- residential Construction Total Non-accruing troubled debt restructured loans $ 866 $ 1,368 $ 64 $ 2,298 Other non-accrual loans 917 — 128 1,045 Total non-accrual loans 1,783 1,368 192 3,343 Accruing troubled debt restructured loans 2,539 227 1,904 4,670 Total $ 4,322 $ 1,595 $ 2,096 $ 8,013 Troubled debt restructurings (“TDRs”) are modifications of loans to assist borrowers who are unable to meet the original terms of their loans, in an effort to minimize the potential loss on the loan. Modifications of the loan terms includes but is not necessarily limited to: reduction of interest rates, forgiveness of all or a portion of principal or interest, extension of loan term or other modifications at interest rates that are less than the current market rate for new obligations with similar risk. If a loan is in non-accrual status at the time we restructure it and classify the restructure as a troubled debt restructuring, it is our policy to maintain the loan as nonaccrual until we receive six consecutive monthly payments under the restructured terms. TDR loans that are in compliance with their modified terms and that yield a market rate may be removed from the TDR status after a period of one year. The following includes loans classified as troubled debt restructurings during the nine months ended September 30, 2015 (unaudited). (Dollars in thousands) Number of Contracts Pre- Outstanding Recorded Investment Post- modification Outstanding Recorded Investment Residential real estate and consumer 7 $ 844 $ 844 Non-residential real estate — — — Construction and land — — — Total 7 $ 844 $ 844 The following includes loans classified as troubled debt restructurings during the nine months ended September 30, 2014 (unaudited). (Dollars in thousands) Number of Contracts Pre- modification Outstanding Recorded Investment Post- modification Outstanding Recorded Investment Residential real estate and consumer — $ — $ — Non-residential real estate — — — Construction and land — — — Total — $ — $ — There were no loans classified as troubled debt restructures that subsequently defaulted during the nine month periods ended September 30, 2015 and 2014. Loans serviced by the Bank for the benefit of others totaled $443,000 and $450,000 at September 30, 2015 (unaudited) and December 31, 2014, respectively. Consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure totaled $231,000 as of September 30, 2015 (unaudited).

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	9 Months Ended
	Sep. 30, 2015
Other Real Estate [Abstract]
OTHER REAL ESTATE OWNED	5. OTHER REAL ESTATE OWNED The balance in other real estate owned at September 30, 2015 (unaudited) and December 31, 2014 was $20,000 and $379,000, respectively. The activity in residential other real estate owned is as follows: (Dollars in thousands) BALANCE AS OF DECEMBER 31, 2014 $ 379 Additions — Transfers from Loans — Transfers to Loans (41 ) Sales (171 ) Provisions (147 ) BALANCE AS OF SEPTEMBER 30, 2015 (unaudited) $ 20

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2015
Deposit Liabilities Disclosure [Abstract]
DEPOSITS	6. DEPOSITS Deposits are summarized as follows: September 30, 2015 December 31, (Dollars in thousands) (unaudited) Non-interest-bearing deposits $ 1,110 $ 842 NOW and Money market 21,124 20,895 Savings 14,943 15,143 Certificates of deposit 56,843 61,593 Total deposits $ 94,020 $ 98,473 The aggregate amount of time deposits in denominations of $100,000 or more as of September 30, 2015 (unaudited) and December 31, 2014 was $25,199,000 and $26,650,000, respectively. Deposit amounts in excess of $250,000 generally are not insured by the Federal Deposit Insurance Corporation. At September 30, 2015 (unaudited), the schedule maturities of certificates of deposit are as follows: (Dollars in thousands) 2015 $ 7,200 2016 25,291 2017 9,983 2018 6,028 2019 4,698 2020 3,643 Total $ 56,843 Executive officers’ and directors’ deposits were $616,000 and $454,000 at September 30, 2015 (unaudited) and December 31, 2014, respectively.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	7. INCOME TAXES The sources of deferred tax assets and liabilities and the tax effect of each are as follows: September 30, 2015 December 31, 2014 (Dollars in thousands) (unaudited) Deferred tax assets: Deferred loan fees and costs, net $ 5 $ 5 Allowance for credit losses 640 683 Deferred compensation 71 126 Allowance for ground rents 54 55 Allowance for delinquent mortgage interest 175 276 Capital loss carryforward — 2 Net operating loss carryforward 1,288 840 Allowance for real estate owned 50 113 Total deferred tax assets 2,283 2,100 Valuation allowance (1,294 ) (843 ) Deferred tax assets after valuation allowance 989 1,257 Deferred tax liabilities: Depreciation 128 128 Unrealized gain on available-for-sale securities 13 9 Total deferred tax liabilities 141 137 Net deferred tax assets $ 848 $ 1,120 Management evaluates deferred tax assets annually. During 2008, 2009, and 2010, the Bank sold mutual fund investments that resulted in cumulative capital losses of $799,000. Since management determined that it was unlikely that the Bank would be able to fully utilize the corresponding deferred tax asset of $315,000 before expiration of the carryforward period, a valuation allowance was established for 100% of the corresponding deferred tax asset. During the year ended December 31, 2013, capital loss carryforwards of $692,000 and the related deferred tax asset and valuation allowance of $273,000 expired. During the year ended December 31, 2014, capital loss carryforwards of $101,000 and the related deferred tax asset and valuation allowance of $40,000 expired. The remaining capital loss carryforwards of $5,000 expire in 2015, as will the respective related deferred tax assets of approximately $2,000. Realization depends on generating sufficient taxable capital gains before the expiration of the loss carryforward periods. The amount of loss carryforwards available for any one year may be limited if the Bank is subject to the alternative minimum tax. At December 31, 2014, the Bank had approximately $2,100,000 in federal and state net operating loss carryforwards. These net operating loss carryforwards begin to expire in 2032. Realization depends on generating sufficient taxable income before the expiration of the loss carryforward period. The amount of the loss carryforward available for any one year may be limited if the Bank is subject to the alternative minimum tax. Valuation allowance for deferred taxes for the nine months ended September 30, 2015 (unaudited) and December 31, 2014 is as follows: (Dollars in thousands) Valuation Balance of January 1, 2014 $ (42 ) Expiration of capital loss carry forwards 40 Increase in valuation allowance (841 ) Balance of December 31, 2014 $ (843 ) Increase in valuation allowance (451 ) Balance of September 30, 2015 $ (1,294 ) As of December 31, 2014, the Bank had remained in a cumulative loss position for three consecutive years and consequently management reevaluated the need for a valuation allowance of the deferred tax asset balance. Management’s evaluation included: management’s ability to fully implement our strategic plan, which included additional expenses expected to be incurred as the result of becoming a public company; and the ability to generate sufficient taxable income to fully realize the Bank’s net operating loss carryforwards. Management concluded that it is more likely than not the Bank will be unable to generate sufficient taxable income in the foreseeable future to fully utilize the cumulative net operating loss carryforward and, therefore, established a valuation allowance to offset the net operating loss carryforward related deferred tax asset. Management considered the following positive and negative evidence in its evaluation of the need for a valuation allowance of the remaining deferred tax assets and liabilities relating to the timing difference in the aggregate of $1,100,000: the Bank reported taxable income in 2011, 2010 and 2009; the Bank was able to carry back all of the federal and substantially all of the net operating loss realized in 2012. The Bank had no history of net operating losses expiring unused. In addition, the local economy of the markets in which the Bank conducts business have been showing signs of continued improvement over the past two years and was a significant factor when considering the need for a valuation allowance. During 2014 and 2015, the trends continued to be positive; however, if these trends flatten or reverse, there is a potential that such negative evidence could outweigh the prevailing positive factors. Based on the considerations discussed above, the preponderance of positive factors and the mitigation of negative factors, the Bank concluded that at December 31, 2014 and September 30, 2015; it was more likely than not that the Bank would be able to realize in the future the net deferred tax assets related to timing differences.

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	9 Months Ended
	Sep. 30, 2015
Regulatory Capital Requirements [Abstract]
REGULATORY CAPITAL REQUIREMENTS	8. REGULATORY CAPITAL REQUIREMENTS 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. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain amounts and ratios (set forth in the table below) of Total and Common Equity and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets. Management believes as of September 30, 2015 and December 31, 2014 that the Bank met all capital adequacy requirements to which it is subject. As of December 31, 2014, the most recent notification from the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table. There are no conditions or events that management believes will adversely affect the Bank’s ability to remain in the well-capitalized category. The following table presents the Bank’s capital position based on the September 30, 2015 (unaudited) and December 2014 financial statements and the current capital requirements: Actual Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio As of September 30, 2015 (unaudited): Total risk-based capital (to risk-weighted assets) $ 26,141 35.80 % $ 5,841 ≥8.0 % Tier I capital (to risk-weighted assets) 25,220 34.54 4,381 ≥6.0 Tier I capital (to adjusted total assets) 25,220 17.68 5,707 ≥4.0 Common equity tier 1 capital (to risk weighted assets) 25,220 34.54 3,286 > As of December 31, 2014: Total risk-based capital (to risk-weighted assets) $ 26,739 33.97 % $ 6,298 ≥8.0 % Tier I capital (to risk-weighted assets) 25,746 32.70 3,149 ≥4.0 Tier I capital (to adjusted total assets) 25,746 17.09 6,027 ≥4.0 The following table presents a reconciliation of the Bank’s GAAP capital to each major category of regulatory capital for the dates indicated. September 30, December 31, (Dollars in thousands) (unaudited) Total Company equity capital $ 35,175 $ 35,814 LESS: Parent Only Equity 9,933 10,053 LESS: Net unrealized gains on available-for-sale securities 22 15 Tier 1 Capital $ 25,220 $ 25,746 Tier 1 Capital $ 25,220 $ 25,746 Allowance for loan and lease losses includible in Tier 2 capital 921 993 Total risk-based capital $ 26,141 $ 26,739

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	9 Months Ended
	Sep. 30, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
OTHER COMPREHENSIVE INCOME	9. OTHER COMPREHENSIVE INCOME The following table presents the components of other comprehensive gains and losses for the nine months ended September 30, 2015 and 2014 (unaudited). (Dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2015 (unaudited) Net unrealized gain on securities available-for-sale $ 12 $ (5 ) $ 7 Other Comprehensive Gain $ 12 $ (5 ) $ 7 Nine Months Ended September 30, 2014 (unaudited) Net unrealized gain on securities available-for-sale $ 13 $ (5 ) $ 8 Other Comprehensive Gain $ 13 $ (5 ) $ 8 The following table presents the changes in each components of accumulated other comprehensive income, net of tax, for the nine months ended September 30, 2015 and 2014 (unaudited). (Dollars in thousands) Securities Accumulated Other Nine Months Ended September 30, 2015 (unaudited) Balance at Beginning of Year $ 15 $ 15 Other Comprehensive Gain 7 7 Balance at End of Period $ 22 $ 22 (Dollars in thousands) Securities Accumulated Other Nine Months Ended September 30, 2014 (unaudited) Balance at Beginning of Year $ 7 $ 7 Other Comprehensive Gain 8 8 Balance at End of Period $ 15 $ 15

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	10. EARNINGS PER SHARE Basic per share amounts are based on the weighted average shares of common stock outstanding. Unearned ESOP shares are not included in outstanding shares. Diluted earnings per share assume the conversion, exercise or issuance of all potential common stock instruments such as options, warrants and convertible securities, unless the effect is to reduce a loss or increase earnings per share. The basic and diluted weighted average shares outstanding for the three and nine months ended September 30, 2015 are as follows: Three Months Ended September 30, 2015 (unaudited) (Dollars in thousands, except per share amount) Income (Loss) Shares Per Share Basic EPS Net loss available to shareholders $ (305 ) 1,954,240 $ (0.16 ) Diluted EPS Effect of dilutive shares — — — Net loss available to shareholders $ (305 ) 1,954,240 $ (0.16 ) Nine Months Ended September 30, 2015 (unaudited) (Dollars in thousands, except per share amount) Income (Loss) Shares Per Share Basic EPS Net loss available to shareholders $ (740 ) 1,951,437 $ (0.38 ) Diluted EPS Effect of dilutive shares — — — Net loss available to shareholders $ (740 ) 1,951,437 $ (0.38 ) There were no anti-dilutive shares excluded from the September 30, 2015 diluted earnings per share calculation.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	11. FAIR VALUE MEASUREMENTS Effective January 1, 2009, the Bank adopted the Guidance in ASC Topic 820, “ Fair Value Measurements and Disclosures ASC Topic 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Bank utilizes fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Securities available-for-sale is recorded at fair value on a recurring basis. Additionally, from time to time, the Bank may be required to record at fair value all other assets on a nonrecurring basis, such as loans held for sale, loans held for investment and certain other assets. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. ASC Topic 820 establishes a fair value hierarchy that prioritizes the information used to develop those assumptions. The fair value hierarchy is as follows: Level 1 Inputs Level 2 Inputs Level 3 Inputs The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Investment Securities Available-for-Sale. Loans. Contingencies Assets measured at fair value on a recurring basis are included in the table below: Fair Value Measurements at September 30, 2015 (unaudited) Using: Description (Dollars in thousands) Fair Value September 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Trading Gains and (Losses) Total Changes in Fair Values Included in Period Earnings Investments (available-for-sale) : FFCB AFS $ 3,008 $ — $ 3,008 $ — $ — $ — Mortgage-backed securities: FHLMC AFS 737 — 737 — — — FNMA AFS 130 — 130 — — — GNMA AFS 77 — 77 — — — Total assets measured at fair value on a recurring basis $ 3,952 $ — $ 3,952 $ — $ — $ — Fair Value Measurements at December 31, 2014 Using: Description (Dollars in thousands) Fair Value December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Trading Gains and (Losses) Total Changes in Fair Values Included in Period Earnings Mortgage-backed securities: FHLMC AFS $ 249 $ — $ 249 $ — $ — $ — FNMA AFS 164 — 164 — — — GNMA AFS 89 — 89 — — — Total assets measured at fair value on a recurring basis $ 502 $ — $ 502 $ — $ — $ — The Bank may be required from time to time, to measure certain assets at fair value on a non-recurring basis in accordance with GAAP. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below: Fair Value Measurements at September 30, 2015 (unaudited) Using: Description (Dollars in thousands) Fair Value September 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Trading Gains and (Losses) Total in Fair Included in Period Earnings Impaired loans: Residential $ 3,236 $ — $ 2,226 $ 1,010 $ — $ — Commercial 1,667 — 1,667 — — — Land 2,165 — 2,165 — — — Construction — — — — — — Other real estate owned 20 — 20 — — (147 ) Total assets measured at fair value on a non-recurring basis $ 7,088 $ — $ 6,078 $ 1,010 $ — $ (147 ) The significant unobservable inputs (Level 3) are determined by using the net present value of the expected discounted future cash flows methodology. Loans were modified based on the expected cash flows with modified terms and rates ranging from 3.00% to 4.00% discounted at contractual rates ranging from 5.00% to 7.375%. Fair Value Measurements at December 31, 2014 Using: Description (Dollars in thousands) Fair Value December 31, Quoted Prices Other Significant Trading Total Changes Impaired loans: Residential $ 5,235 $ — $ 4,389 $ 846 $ — $ — Commercial 1,979 — 1,979 — — — Land 2,240 — 2,240 — — — Construction — — — — — — Other real estate owned 379 — 379 — — (118 ) Total assets measured at fair value on a non-recurring basis $ 9,833 $ — $ 8,987 $ 846 $ — $ (118 ) The significant unobservable inputs (Level 3) are determined by using the net present value of the expected discounted future cash flows methodology. Loans were modified based on the expected cash flows with modified terms and rates ranging from 3.00% to 4.00% discounted at contractual rates ranging from 5.00% to 7.375%. In accordance with the disclosure requirements of ASC Topic 825, the estimated fair values of financial instruments at September 30, 2015 (unaudited) and December 31, 2014 are as follows: Carrying Value September 30, Fair Value September 30, Quoted Prices In Active Markets For (Level 1) Other Inputs (Level 2) Significant Observable Inputs (Level 3) (Dollars in thousands) (unaudited) (unaudited) ASSETS Cash, interest bearing deposits and federal funds sold $ 4,994 $ 4,994 $ — $ 4,994 $ — Other interest bearing deposits in other banks 22,977 23,055 — 23,055 — Investment securities 12,290 12,532 — 12,532 — Federal Home Loan Bank stock 688 688 — 688 — Loans, net 94,024 97,207 — 6,058 91,149 Bank owned life insurance 885 885 — 885 — Accrued interest receivable 362 362 — 362 — LIABILITIES Deposits $ 94,020 $ 89,771 $ — $ — $ 89,771 FHLB advances 12,000 12,539 — — 12,539 (Dollars in thousands) Carrying Value December 31, 2014 Fair Value December 31, Quoted Prices In Active Markets For (Level 1) Other Inputs (Level 2) Significant Observable Inputs (Level 3) ASSETS Cash, interest bearing deposits and federal funds sold $ 15,190 $ 15,190 $ — $ 15,190 $ — Other interest bearing deposits in other banks 10,445 10,445 — 10,445 — Investment securities 14,641 14,900 — 14,900 — Federal Home Loan Bank stock 929 929 — 929 — Loans, net 101,936 98,301 — 8,608 89,693 Bank owned life insurance 847 847 — 847 — Accrued interest receivable 337 337 — 337 — LIABILITIES Deposits $ 98,473 $ 97,673 $ — $ — $ 97,673 FHLB advances 15,750 16,246 — — 16,246 The following methods and assumptions were used to estimate the fair value disclosures for financial instruments as of September 30, 2015 (unaudited) and December 31, 2014: Cash, Interest-Bearing Deposits and Federal Funds Sold and Other Interest-Bearing Deposits in Other Banks The amounts reported in the balance sheet approximate the fair value of these assets. Investment Securities The fair values are based on the quoted market prices, if available. If quoted prices are not available, fair value is measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Federal Home Loan Bank Stock The par value of Federal Home Loan Bank stock report on the balance sheet is a reasonable estimate of fair value. Accrued Interest Receivable The amounts reported in the balance sheet approximate the fair value of these assets. Loans, Deposits and Federal Home Loan Bank Advances Loans receivable were discounted using a single discount rate, comparing the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The fair value of demand deposits, savings accounts and money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered on deposits of similar remaining maturities. The fair value of Federal Home Loan Bank advances is estimated using rates currently offered on advances of similar remaining maturities. Bank-Owned Life Insurance The amounts reported in the balance sheet approximate the fair value of these assets.

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X as promulgated by the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, the accompanying consolidated financial statements as of September 30, 2015 and for the three and nine months ended September 30, 2015 and 2014 contains all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position at September 30, 2015. Certain prior period information has been reclassified to conform to the current period presentation. These statements should be read in conjunction with the audited consolidation financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The results of operations and cash flows for the three and nine months ended September 30, 2015 and 2014 are not necessarily indicative of the results to be expected for the year ended December 31, 2015.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of MB Bancorp, Inc. (“The Company”) and it’s wholly owned subsidiaries, Madison Bank of Maryland (“The Bank”), 1920 Rock Spring Road, LLC formed in 1998 to own and hold real estate and Mutual, LLC formed in 2011 to hold other real estate owned. All significant intercompany accounts and transactions have been eliminated. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles and to general practices in the banking industry.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Loans	Loans Loans are stated at the principal amount outstanding net of any deferred fees and costs. Interest income on loans is accrued at the contractual rate on the principal amount outstanding. It is the Company’s policy to discontinue the accrual of interest when circumstances indicate that collection is doubtful. Direct loan origination fees, net of direct loan origination costs, are amortized or accreted over the contractual life of the loan using the interest method. Loans are considered impaired when, based on current information; it is probable that the Company will not collect all principal and interest payments according to contractual terms. Generally, loans are considered impaired once principal and interest payments are past due and they are placed on non-accrual. Management also considers the financial condition of the borrower, cash flows of the loan and the value of the related collateral. Impaired loans do not include large groups of smaller balance homogeneous credits such as residential real estate and consumer installment loans, which are evaluated collectively for impairment. Loans specifically reviewed for impairment are not considered impaired during periods of “minimal delay” in payment (usually ninety days or less) provided eventual collection of all amounts due is expected. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, except that as a practical expedient, the Company may measure impairment based on a loan’s observable market price or the fair value of the collateral, if the loan is collateral dependent. The Company recognizes interest income on impaired loans on a cash basis if the borrower demonstrates the ability to meet the contractual obligation and collateral is sufficient. If there is doubt regarding the borrower’s ability to make payments or the collateral is not sufficient, payments received are accounted for as a reduction in principal. A loan is considered to be a troubled debt restructured loan (“TDR”) when the Company grants a concession to the borrower that the Company would not otherwise consider to a borrower of comparable risk and placed on non-accrual status. Such concessions include the reduction of interest rates, forgiveness of all or a portion of principal or interest, extension of loan term or other modifications at interest rates that are less than the current market rate for new obligations with similar risk. If a loan is in nonaccrual status at the time we restructure it and classify the restructure as a troubled debt restructuring, it is our policy to maintain the loan as nonaccrual until we receive six consecutive monthly payments under the restructured terms. TDR loans that are in compliance with their modified terms and that yield a market rate may be removed from the TDR status after a period of one year.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses charged to expense. Loans are charged against the allowance for loan losses when management believes that the collectability of the principal is unlikely. The Company maintains an allowance for loan losses at an amount estimated to equal all loan losses incurred in our loan portfolio that are both probable and reasonable to estimate at a balance sheet date. The evaluations take into consideration such factors as changes in the nature and volume of the loan portfolio, overall portfolio quality, review of specific problem loans, and current economic conditions and trends that may affect the borrowers’ ability to pay. The allowance for loan losses represents an estimation done pursuant to either Accounting Standards Codification (“ASC”) Topic 450 “ Contingencies Receivables While management believes it has established the allowance for loan losses in accordance with generally accepted accounting principles and has taken into account the views of its regulators and the current economic environment, there can be no assurance that in the future the Bank’s regulators or the economic environment will not require further increases in the allowance.
Other Real Estate Owned	Other Real Estate Owned Real estate acquired in satisfaction of a debt is carried at fair value net of estimated selling costs. Costs incurred in maintaining foreclosed real estate and write-downs to reflect declines in the fair value of the properties after acquisition are included in noninterest expenses.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Bank, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Income Taxes	Income Taxes The Bank uses the liability method of accounting for income taxes. Under the liability method, deferred-tax assets and liabilities are determined based on differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities ( i.e., ASC Topic 740, “ Income Taxes,
Recognition of Deferred Tax Valuation Allowance	Recognition of Deferred Tax Valuation Allowance As of December 31, 2014, the Bank had remained in a cumulative loss position for three consecutive years and consequently management reevaluated the need for a valuation allowance of the deferred tax asset balance. Management’s evaluation included: management’s ability to fully implement our strategic plan, which included the ability to raise capital through the proposed public stock offering; additional expenses expected to be incurred as the result of becoming a public company; and the ability to generate sufficient taxable income to fully realize the Bank’s net operating loss carryforwards. Management concluded that it is more likely than not the Bank will be unable to generate sufficient taxable income in the foreseeable future to fully utilize the cumulative net operating loss carryforward and, therefore, established a valuation allowance to offset the net operating loss carryforward related deferred tax asset.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of carrying amount and estimated fair market value of investment securities classified as available-for-sale	September 30, 2015 (unaudited) (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investments available-for-sale: U.S. Government securities: FHLMC bonds $ — $ — $ — $ — FNMA bonds — — — — FFCB bonds 2,996 12 — 3,008 Total U.S. Government securities 2,996 12 — 3,008 Mortgage-backed securities: FHLMC certificates 725 12 — 737 FNMA certificates 121 9 — 130 GNMA certificates 74 3 — 77 Total mortgage-backed securities 920 24 — 944 Total investments available-for-sale $ 3,916 $ 36 $ — $ 3,952 December 31, 2014 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Mortgage-backed securities: FHLMC certificates $ 239 $ 10 $ — $ 249 FNMA certificates 154 10 — 164 GNMA certificates 85 4 — 89 Total mortgage-backed securities 478 24 — 502 Total investments available-for-sale $ 478 $ 24 $ — $ 502
Schedule of carrying amount and estimated fair market value of investment securities classified as held-to-maturity	September 30, 2015 (unaudited) (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investments held-to-maturity: U.S. Government securities: FHLMC bonds $ 998 $ — $ (6 ) $ 992 FNMA bonds 1,000 — (5 ) 995 FFCB bonds 2,000 — (43 ) 1,957 Total U.S. Government securities 3,998 — (54 ) 3,944 Mortgage-backed securities: FHLMC certificates 1,207 88 — 1,295 FNMA certificates 2,709 170 — 2,879 GNMA certificates 424 38 — 462 Total mortgage backed securities 4,340 296 — 4,636 Total investments held-to-maturity $ 8,338 $ 296 $ (54 ) $ 8,580 December 31, 2014 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Investments held-to-maturity: U.S. Government securities: FHLMC bonds $ 4,997 $ 10 $ (15 ) $ 4,992 FNMA bonds 1,000 — (26 ) 974 FFCB bonds 3,000 — (67 ) 2,933 Total U.S. Government securities 8,997 10 (108 ) 8,899 Mortgage-backed securities: FHLMC certificates 1,466 107 — 1,573 FNMA certificates 3,181 203 — 3,384 GNMA certificates 495 47 — 542 Total mortgage backed securities 5,142 357 — 5,499 Total investments held-to-maturity $ 14,139 $ 367 $ (108 ) $ 14,398
Schedule of unrealized losses are considered temporary	September 30, 2015 (unaudited) Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Mortgage-backed securities $ — $ — $ — $ — $ — $ — U.S. Government securities — — 3,944 (54 ) 3,944 (54 ) Total temporarily impaired securities $ — $ — $ 3,944 $ (54 ) $ 3,944 $ (54 ) December 31, 2014 Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Mortgage-backed securities $ — $ — $ — $ — $ — $ — U.S. Government securities — — 4,889 (108 ) 4,889 (108 ) Total temporarily impaired securities $ — $ — $ 4,889 $ (108 ) $ 4,889 $ (108 )
Schedule of maturities of debt securities	Amortized (in thousands) Fair (in thousands) Due over one year through five years $ — $ — Due over five years through ten years 3,996 4,002 Due after ten years 2,998 2,950 Mortgage-backed securities 5,260 5,580 Total $ 12,254 $ 12,532

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of loans receivable	September 30, 2015 December 31, 2014 (Dollars in thousands) (Unaudited) Secured by real estate: Residential: One-to four-family $ 77,010 $ 83,227 Multi-family 2,115 2,160 Total 79,125 85,387 Non-residential 8,726 9,230 Construction and land loans 5,059 4,856 Home equity line of credit (“HELOC”) 3,908 5,106 Consumer and other loans: Loans to depositors, secured by savings 7 5 96,825 104,584 Add: Net discount on purchased loans (9 ) (8 ) Unamortized net deferred costs 28 35 Less: Undisbursed portion of construction loans (1,157 ) (897 ) Unearned net loan origination fees (41 ) (47 ) Less allowance for loan losses (1,622 ) (1,731 ) Loans receivable, net $ 94,024 $ 101,936
Schedule of allowance for loan losses and recorded investment	Allowance for loan losses and recorded investment in loans for the three and nine months ended September 30, 2015 (unaudited) is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Non- Real Estate Construction and Land Unallocated Total Allowance for loan losses: Beginning balance, July 1, 2015 $ 1,202 $ 88 $ 185 $ 250 $ 1,725 Charge-offs — (247 ) (25 ) — (272 ) Recoveries 4 — 170 — 174 (Reversal) Provisions (129 ) 331 (207 ) — (5 ) Ending balance, September 30, 2015 $ 1,077 $ 172 $ 123 $ 250 $ 1,622 Beginning balance, January 1, 2015 $ 1,228 $ 79 $ 174 $ 250 $ 1,731 Charge-offs (17 ) (247 ) (25 ) — (289 ) Recoveries 14 — 170 — 184 (Reversal) Provisions (148 ) 340 (196 ) — (4 ) Ending balance, September 30, 2015 $ 1,077 $ 172 $ 123 $ 250 $ 1,622 Allowance for loan losses: Ending balance: individually evaluated for impairment $ 40 $ — $ — $ — $ 40 Ending balance: collectively evaluated for impairment $ 1,037 $ 172 $ 123 $ 250 $ 1,582 Loans: Ending balance: individually evaluated for impairment $ 3,276 $ 1,667 $ 2,165 $ — $ 7,108 Ending balance: collectively evaluated for impairment $ 79,764 $ 7,059 $ 2,894 $ — $ 89,717 Allowance for loan losses and recorded investment in loans for the three and nine months ended September 30, 2014 (unaudited) is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Consumer Non- Real Estate Construction and Land Unallocated Total Allowance for loan losses: Beginning balance, July 1, 2014 $ 1,470 $ 87 $ 66 $ — $ 1,623 Charge-offs (1 ) (39 ) (634 ) — (674 ) Recoveries 1 — — — 1 Provisions (218 ) 48 741 250 821 Ending balance, September 30, 2014 $ 1,252 $ 96 $ 173 $ 250 $ 1,771 Beginning balance, January 1, 2014 $ 1,586 $ 127 $ 77 $ — $ 1,790 Charge-offs (71 ) (39 ) (721 ) — (831 ) Recoveries 2 — — — 2 Provisions (265 ) 8 817 250 810 Ending balance, September 30, 2014 $ 1,252 $ 96 $ 173 $ 250 $ 1,771 Allowance for loan losses: Ending balance: individually evaluated for impairment $ 44 $ — $ — $ — $ 44 Ending balance: collectively evaluated for impairment $ 1,208 $ 96 $ 173 $ 250 $ 1,727 Loans: Ending balance: individually evaluated for impairment $ 5,352 $ 2,701 $ 2,256 $ — $ 10,309 Ending balance: collectively evaluated for impairment $ 87,457 $ 8,028 $ 2,638 $ — $ 98,123 Allowance for loan losses and recorded investment in loans for the year ended December 31, 2014 is as follows: (Dollars in thousands) Residential Non- Construction Unallocated Total Allowance for loan losses: Beginning balance $ 1,586 $ 127 $ 77 $ — $ 1,790 Charge-offs (123 ) (39 ) (722 ) — (884 ) Recoveries 2 13 — — 15 Provisions (237 ) (22 ) 819 250 810 Ending balance $ 1,228 $ 79 $ 174 $ 250 $ 1,731 Allowance for loan losses: Ending balance: individually evaluated for impairment. $ 45 $ — $ — $ — $ 45 Ending balance: collectively evaluated for impairment $ 1,183 $ 79 $ 174 $ 250 $ 1,686 Loans: Ending balance: individually evaluated for impairment $ 5,280 $ 1,979 $ 2,240 $ — $ 9,499 Ending balance: collectively evaluated for impairment $ 85,218 $ 7,251 $ 2,616 $ — $ 95,085
Schedule of credit risk classification	Credit risk profile by internally assigned classification as of September 30, 2015 (unaudited) is as follows: (Dollars in thousands) Residential Non- Construction Total Non-classified $ 80,318 $ 7,220 $ 2,894 $ 90,432 Special mention 1,370 — 139 1,509 Substandard 1,352 1,506 2,026 4,884 Doubtful — — — — Loss — — — — Total $ 83,040 $ 8,726 $ 5,059 $ 96,825 Credit risk profile by internally assigned classification as of December 31, 2014 is as follows: (Dollars in thousands) Residential Non- Construction Total Non-classified $ 85,231 $ 7,420 $ 2,616 $ 95,267 Special mention 2,793 — 144 2,937 Substandard 2,474 1,810 2,096 6,380 Doubtful — — — — Loss — — — — Total $ 90,498 $ 9,230 $ 4,856 $ 104,584
Schedule of impaired loans	Impaired loans as of the three and for the nine months ended September 30, 2015 (unaudited) is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Non- Real Estate Construction and Land Total With no related allowance recorded: Recorded investment $ 2,226 $ 1,667 $ 2,165 $ 6,058 Unpaid principal balance 2,629 1,973 3,209 7,811 Average recorded investment, for the three months ended September 30, 2015 2,739 1,835 2,188 6,762 Interest income recognized 123 17 26 166 Interest income foregone 7 9 1 17 Average recorded investment, for the nine months ended September 30, 2015 3,711 1,919 2,209 7,839 Interest income recognized 233 34 80 347 Interest income foregone 36 24 4 64 With an allowance recorded: Recorded investment 1,050 — — 1,050 Unpaid principal balance 1,049 — — 1,049 Related allowance 40 — — 40 Average recorded investment, for the three months ended September 30, 2015 1,052 — — 1,052 Interest income recognized 8 — — 8 Interest income foregone 1 — — 1 Average recorded investment, for the nine months ended September 30, 2015 872 — — 872 Interest income recognized 25 — — 25 Interest income foregone 1 — — 1 Total Recorded investment 3,276 1,667 2,165 7,108 Unpaid principal balance 3,678 1,973 3,209 8,860 Related allowance 40 — — 40 Average recorded investment, for the three months ended September 30, 2015 3,791 1,835 2,188 7,814 Interest income recognized 131 17 26 174 Interest income foregone 8 9 1 18 Average recorded investment, for the nine months ended September 30, 2015 4,583 1,919 2,209 8,711 Interest income recognized 258 34 80 372 Interest income foregone 37 24 4 65 Impaired loans as of the three and for the nine months ended September 30, 2014 (unaudited) is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Non- Real Estate Construction and Land Total With no related allowance recorded: Recorded investment $ 4,040 $ 2,701 $ 2,256 $ 8,997 Unpaid principal balance 4,733 2,778 3,276 10,787 Average recorded investment, for the three months ended September 30, 2014 4,049 2,735 2,684 9,468 Interest income recognized 41 16 26 83 Interest income foregone 60 19 2 81 Average recorded investment, for the nine months ended September 30, 2014 4,208 2,701 2,839 9,748 Interest income recognized 194 50 82 326 Interest income foregone 88 57 5 150 With an allowance recorded: Recorded investment 1,312 — — 1,312 Unpaid principal balance 1,365 — — 1,365 Related allowance 44 — — 44 Average recorded investment, for the three months ended September 30, 2014 1,314 — — 1,314 Interest income recognized 11 — — 11 Interest income foregone 1 — — 1 Average recorded investment, for the nine months ended September 30, 2014 1,318 — — 1,318 Interest income recognized 37 — — 37 Interest income foregone 1 — — 1 Total Recorded investment 5,352 2,701 2,256 10,309 Unpaid principal balance 6,098 2,778 3,276 12,152 Related allowance 44 — — 44 Average recorded investment, for the three months ended September 30, 2014 5,363 2,735 2,684 10,782 Interest income recognized 52 16 26 94 Interest income foregone 61 19 2 82 Average recorded investment, for the nine months ended September 30, 2014 5,526 2,701 2,839 11,066 Interest income recognized 231 50 82 363 Interest income foregone 89 57 5 151 Impaired loans as of and for the year ended December 31, 2014 is as follows: (Dollars in thousands) Residential Real Estate, HELOC, and Non- residential Real Estate Construction and Land Total With no related allowance recorded: Recorded investment $ 4,389 $ 1,979 $ 2,240 $ 8,608 Unpaid principal balance 5,204 2,021 3,260 10,485 Average recorded investment, for the twelve months ended December 31, 2014 4,577 2,640 2,691 9,908 Interest income recognized 251 66 107 424 Interest income foregone 91 48 8 147 With an allowance recorded: Recorded investment 891 — — 891 Unpaid principal balance 891 — — 891 Related allowance 45 — — 45 Average recorded investment, for the twelve months ended December 31, 2014 898 — — 898 Interest income recognized 34 — — 34 Interest income foregone 4 — — 4 Total Recorded investment 5,280 1,979 2,240 9,499 Unpaid principal balance 6,095 2,021 3,260 11,376 Related allowance 45 — — 45 Average recorded investment, for the twelve months ended December 31, 2014 5,475 2,640 2,691 10,806 Interest income recognized 285 66 107 458 Interest income foregone 95 48 8 151
Schedule of aged analysis of past due loans	An aged analysis of past due loans as of September 30, 2015 (unaudited) is as follows: (Dollars in thousands) Residential Non- residential Construction Total Current $ 81,958 $ 8,277 $ 4,951 $ 95,186 30 - 59 days past due 380 — — 380 60 - 89 days past due 246 — — 246 Greater than 90 day past due and still accruing — — — — Greater than 90 days past due 456 449 108 1,013 Total past due 1,082 449 108 1,639 Total $ 83,040 $ 8,726 $ 5,059 $ 96,825 (Dollars in thousands) Residential Real Estate, HELOC, and Non- residential Real Estate Construction and Land Total Current $ 88,268 $ 8,932 $ 4,664 $ 101,864 30 - 59 days past due 981 — — 981 60 - 89 days past due 154 — — 154 Greater than 90 day past due and still accruing — — — — Greater than 90 days past due 1,095 298 192 1,585 Total past due 2,230 298 192 2,720 Total $ 90,498 $ 9,230 $ 4,856 $ 104,584
Schedule of non-performing loans	Non-performing loans as of September 30, 2015 (unaudited) are as follows: (Dollars in thousands) Residential Non- residential Real Estate Construction Total Non-accruing troubled debt restructured loans $ 296 $ 1,113 $ 59 $ 1,468 Other non-accrual loans 498 350 108 956 Total non-accrual loans 794 1,463 167 2,424 Accruing troubled debt restructured loans 1,673 208 1,859 3,740 Total $ 2,467 $ 1,671 $ 2,026 $ 6,164 Non-performing loans as of December 31, 2014 are as follows: (Dollars in thousands) Residential Non- residential Construction Total Non-accruing troubled debt restructured loans $ 866 $ 1,368 $ 64 $ 2,298 Other non-accrual loans 917 — 128 1,045 Total non-accrual loans 1,783 1,368 192 3,343 Accruing troubled debt restructured loans 2,539 227 1,904 4,670 Total $ 4,322 $ 1,595 $ 2,096 $ 8,013
Schedule of loans classified as troubled debt restructurings	The following includes loans classified as troubled debt restructurings during the nine months ended September 30, 2015 (unaudited). (Dollars in thousands) Number of Contracts Pre- Outstanding Recorded Investment Post- modification Outstanding Recorded Investment Residential real estate and consumer 7 $ 844 $ 844 Non-residential real estate — — — Construction and land — — — Total 7 $ 844 $ 844 The following includes loans classified as troubled debt restructurings during the nine months ended September 30, 2014 (unaudited). (Dollars in thousands) Number of Contracts Pre- modification Outstanding Recorded Investment Post- modification Outstanding Recorded Investment Residential real estate and consumer — $ — $ — Non-residential real estate — — — Construction and land — — — Total — $ — $ —

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	9 Months Ended
	Sep. 30, 2015
Other Real Estate [Abstract]
Schedule of activity in residential other real estate owned	(Dollars in thousands) BALANCE AS OF DECEMBER 31, 2014 $ 379 Additions — Transfers from Loans — Transfers to Loans (41 ) Sales (171 ) Provisions (147 ) BALANCE AS OF SEPTEMBER 30, 2015 (unaudited) $ 20

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2015
Deposit Assets Disclosure [Abstract]
Schedule of deposit liabilities	September 30, 2015 December 31, (Dollars in thousands) (unaudited) Non-interest-bearing deposits $ 1,110 $ 842 NOW and Money market 21,124 20,895 Savings 14,943 15,143 Certificates of deposit 56,843 61,593 Total deposits $ 94,020 $ 98,473
schedule maturities of certificates of deposit	At September 30, 2015 (unaudited), the schedule maturities of certificates of deposit are as follows: (Dollars in thousands) 2015 $ 7,200 2016 25,291 2017 9,983 2018 6,028 2019 4,698 2020 3,643 Total $ 56,843

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of deferred tax assets and liabilities	September 30, December 31, (Dollars in thousands) (unaudited) Deferred tax assets: Deferred loan fees and costs, net $ 5 $ 5 Allowance for credit losses 640 683 Deferred compensation 71 126 Allowance for ground rents 54 55 Allowance for delinquent mortgage interest 175 276 Capital loss carryforward — 2 Net operating loss carryforward 1,288 840 Allowance for real estate owned 50 113 Total deferred tax assets 2,283 2,100 Valuation allowance (1,294 ) (843 ) Deferred tax assets after valuation allowance 989 1,257 Deferred tax liabilities: Depreciation 128 128 Unrealized gain on available-for-sale securities 13 9 Total deferred tax liabilities 141 137 Net deferred tax assets $ 848 $ 1,120
Schedule of valuation allowance for deferred taxes	(Dollars in thousands) Valuation Balance of January 1, 2014 $ (42 ) Expiration of capital loss carry forwards 40 Increase in valuation allowance (841 ) Balance of December 31, 2014 $ (843 ) Increase in valuation allowance (451 ) Balance of September 30, 2015 $ (1,294 )

REGULATORY CAPITAL REQUIREMEN26

REGULATORY CAPITAL REQUIREMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Regulatory Capital Requirements [Abstract]
Schedule of bank's capital position based	Actual Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio As of September 30, 2015 (unaudited): Total risk-based capital (to risk-weighted assets) $ 26,141 35.80 % $ 5,841 ≥8.0 % Tier I capital (to risk-weighted assets) 25,220 34.54 4,381 ≥6.0 Tier I capital (to adjusted total assets) 25,220 17.68 5,707 ≥4.0 Common equity tier 1 capital (to risk weighted assets) 25,220 34.54 3,286 > As of December 31, 2014: Total risk-based capital (to risk-weighted assets) $ 26,739 33.97 % $ 6,298 ≥8.0 % Tier I capital (to risk-weighted assets) 25,746 32.70 3,149 ≥4.0 Tier I capital (to adjusted total assets) 25,746 17.09 6,027 ≥4.0
Schedule of reconciliation of bank's GAAP capital	September 30, December 31, (Dollars in thousands) (unaudited) Total Company equity capital $ 35,175 $ 35,814 LESS: Parent Only Equity 9,933 10,053 LESS: Net unrealized gains on available-for-sale securities 22 15 Tier 1 Capital $ 25,220 $ 25,746 Tier 1 Capital $ 25,220 $ 25,746 Allowance for loan and lease losses includible in Tier 2 capital 921 993 Total risk-based capital $ 26,141 $ 26,739

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of components of other comprehensive gains and losses	(Dollars in thousands) Before Tax Tax Effect Net of Tax Nine Months Ended September 30, 2015 (unaudited) Net unrealized gain on securities available-for-sale $ 12 $ (5 ) $ 7 Other Comprehensive Gain $ 12 $ (5 ) $ 7 Nine Months Ended September 30, 2014 (unaudited) Net unrealized gain on securities available-for-sale $ 13 $ (5 ) $ 8 Other Comprehensive Gain $ 13 $ (5 ) $ 8
Schedule of components of accumulated other comprehensive income, net of tax	(Dollars in thousands) Securities Accumulated Other Nine Months Ended September 30, 2015 (unaudited) Balance at Beginning of Year $ 15 $ 15 Other Comprehensive Gain 7 7 Balance at End of Period $ 22 $ 22 (Dollars in thousands) Securities Accumulated Other Nine Months Ended September 30, 2014 (unaudited) Balance at Beginning of Year $ 7 $ 7 Other Comprehensive Gain 8 8 Balance at End of Period $ 15 $ 15

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of basic and diluted weighted average shares outstanding	Three Months Ended September 30, 2015 (unaudited) (Dollars in thousands, except per share amount) Income (Loss) Shares Per Share Basic EPS Net loss available to shareholders $ (305 ) 1,954,240 $ (0.16 ) Diluted EPS Effect of dilutive shares — — — Net loss available to shareholders $ (305 ) 1,954,240 $ (0.16 ) Nine Months Ended September 30, 2015 (unaudited) (Dollars in thousands, except per share amount) Income (Loss) Shares Per Share Basic EPS Net loss available to shareholders $ (740 ) 1,951,437 $ (0.38 ) Diluted EPS Effect of dilutive shares — — — Net loss available to shareholders $ (740 ) 1,951,437 $ (0.38 )

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of fair value on a recurring basis	Fair Value Measurements at September 30, 2015 (unaudited) Using: Description (Dollars in thousands) Fair Value September 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Trading Gains and (Losses) Total Changes in Fair Values Included in Period Earnings Investments (available-for-sale) : FFCB AFS $ 3,008 $ — $ 3,008 $ — $ — $ — Mortgage-backed securities: FHLMC AFS 737 — 737 — — — FNMA AFS 130 — 130 — — — GNMA AFS 77 — 77 — — — Total assets measured at fair value on a recurring basis $ 3,952 $ — $ 3,952 $ — $ — $ — Fair Value Measurements at December 31, 2014 Using: Description (Dollars in thousands) Fair Value December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Trading Gains and (Losses) Total Changes in Fair Values Included in Period Earnings Mortgage-backed securities: FHLMC AFS $ 249 $ — $ 249 $ — $ — $ — FNMA AFS 164 — 164 — — — GNMA AFS 89 — 89 — — — Total assets measured at fair value on a recurring basis $ 502 $ — $ 502 $ — $ — $ —
Schedule of fair value on a nonrecurring basis	Fair Value Measurements at September 30, 2015 (unaudited) Using: Description (Dollars in thousands) Fair Value September 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Trading Gains and (Losses) Total in Fair Included in Period Earnings Impaired loans: Residential $ 3,236 $ — $ 2,226 $ 1,010 $ — $ — Commercial 1,667 — 1,667 — — — Land 2,165 — 2,165 — — — Construction — — — — — — Other real estate owned 20 — 20 — — (147 ) Total assets measured at fair value on a non-recurring basis $ 7,088 $ — $ 6,078 $ 1,010 $ — $ (147 ) Fair Value Measurements at December 31, 2014 Using: Description (Dollars in thousands) Fair Value December 31, Quoted Prices Other Significant Trading Total Changes Impaired loans: Residential $ 5,235 $ — $ 4,389 $ 846 $ — $ — Commercial 1,979 — 1,979 — — — Land 2,240 — 2,240 — — — Construction — — — — — — Other real estate owned 379 — 379 — — (118 ) Total assets measured at fair value on a non-recurring basis $ 9,833 $ — $ 8,987 $ 846 $ — $ (118 )
Schedule of estimated fair values of financial instruments	Carrying Value September 30, Fair Value September 30, Quoted Prices In Active Markets For (Level 1) Other Inputs (Level 2) Significant Observable Inputs (Level 3) (Dollars in thousands) (unaudited) (unaudited) ASSETS Cash, interest bearing deposits and federal funds sold $ 4,994 $ 4,994 $ — $ 4,994 $ — Other interest bearing deposits in other banks 22,977 23,055 — 23,055 — Investment securities 12,290 12,532 — 12,532 — Federal Home Loan Bank stock 688 688 — 688 — Loans, net 94,024 97,207 — 6,058 91,149 Bank owned life insurance 885 885 — 885 — Accrued interest receivable 362 362 — 362 — LIABILITIES Deposits $ 94,020 $ 89,771 $ — $ — $ 89,771 FHLB advances 12,000 12,539 — — 12,539 (Dollars in thousands) Carrying Value December 31, 2014 Fair Value December 31, Quoted Prices In Active Markets For (Level 1) Other Inputs (Level 2) Significant Observable Inputs (Level 3) ASSETS Cash, interest bearing deposits and federal funds sold $ 15,190 $ 15,190 $ — $ 15,190 $ — Other interest bearing deposits in other banks 10,445 10,445 — 10,445 — Investment securities 14,641 14,900 — 14,900 — Federal Home Loan Bank stock 929 929 — 929 — Loans, net 101,936 98,301 — 8,608 89,693 Bank owned life insurance 847 847 — 847 — Accrued interest receivable 337 337 — 337 — LIABILITIES Deposits $ 98,473 $ 97,673 $ — $ — $ 97,673 FHLB advances 15,750 16,246 — — 16,246

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) - USD ($)	1 Months Ended	9 Months Ended	12 Months Ended
	Dec. 29, 2014	Sep. 30, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Number of shares sold	2,116,000
Gross offering proceeds	$ 21,160,000
Conversion cost		$ 995,000
Number of consecutive years Bank in cumulative loss position			3 years

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule of Investments [Line Items]
Amortized Cost	$ 3,916	$ 478
Gross Unrealized Gains	$ 36	$ 24
Gross Unrealized Losses
Estimated Fair Value	$ 3,952	$ 502
U.S. Government securities
Schedule of Investments [Line Items]
Amortized Cost	2,996
Gross Unrealized Gains	$ 12
Gross Unrealized Losses
Estimated Fair Value	$ 3,008
FHLMC bonds
Schedule of Investments [Line Items]
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value
FNMA bonds
Schedule of Investments [Line Items]
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value
FFCB bonds
Schedule of Investments [Line Items]
Amortized Cost	$ 2,996
Gross Unrealized Gains	$ 12
Gross Unrealized Losses
Estimated Fair Value	$ 3,008
Mortgage-backed securities
Schedule of Investments [Line Items]
Amortized Cost	920	478
Gross Unrealized Gains	$ 24	$ 24
Gross Unrealized Losses
Estimated Fair Value	$ 944	$ 502
FHLMC certificates
Schedule of Investments [Line Items]
Amortized Cost	725	239
Gross Unrealized Gains	$ 12	$ 10
Gross Unrealized Losses
Estimated Fair Value	$ 737	$ 249
FNMA certificates
Schedule of Investments [Line Items]
Amortized Cost	121	154
Gross Unrealized Gains	$ 9	$ 10
Gross Unrealized Losses
Estimated Fair Value	$ 130	$ 164
GNMA certificates
Schedule of Investments [Line Items]
Amortized Cost	74	85
Gross Unrealized Gains	$ 3	$ 4
Gross Unrealized Losses
Estimated Fair Value	$ 77	$ 89

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 8,338	$ 14,139
Gross Unrealized Gains	296	367
Gross Unrealized Losses	(54)	(108)
Estimated Fair Value	8,580	14,398
U.S. Government securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 3,998	8,997
Gross Unrealized Gains		10
Gross Unrealized Losses	$ (54)	(108)
Estimated Fair Value	3,944	8,899
FHLMC bonds
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 998	4,997
Gross Unrealized Gains		10
Gross Unrealized Losses	$ (6)	(15)
Estimated Fair Value	992	4,992
FNMA bonds
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 1,000	$ 1,000
Gross Unrealized Gains
Gross Unrealized Losses	$ (5)	$ (26)
Estimated Fair Value	995	974
FFCB bonds
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 2,000	$ 3,000
Gross Unrealized Gains
Gross Unrealized Losses	$ (43)	$ (67)
Estimated Fair Value	1,957	2,933
Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	4,340	5,142
Gross Unrealized Gains	$ 296	$ 357
Gross Unrealized Losses
Estimated Fair Value	$ 4,636	$ 5,499
FHLMC certificates
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	1,207	1,466
Gross Unrealized Gains	$ 88	$ 107
Gross Unrealized Losses
Estimated Fair Value	$ 1,295	$ 1,573
FNMA certificates
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	2,709	3,181
Gross Unrealized Gains	$ 170	$ 203
Gross Unrealized Losses
Estimated Fair Value	$ 2,879	$ 3,384
GNMA certificates
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	424	495
Gross Unrealized Gains	$ 38	$ 47
Gross Unrealized Losses
Estimated Fair Value	$ 462	$ 542

INVESTMENT SECURITIES (Detail33

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Schedule of Investments [Line Items]
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
12 Months or More: Fair Value	$ 3,944	$ 4,889
12 Months or More: Unrealized Losses	(54)	(108)
Total: Fair Value	3,944	4,889
Total: Unrealized Losses	$ (54)	$ (108)
Mortgage-backed securities
Schedule of Investments [Line Items]
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
12 Months or More: Fair Value
12 Months or More: Unrealized Losses
Total: Fair Value
Total: Unrealized Losses
U.S. Government securities
Schedule of Investments [Line Items]
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
12 Months or More: Fair Value	$ 3,944	$ 4,889
12 Months or More: Unrealized Losses	(54)	(108)
Total: Fair Value	3,944	4,889
Total: Unrealized Losses	$ (54)	$ (108)

INVESTMENT SECURITIES (Detail34

INVESTMENT SECURITIES (Details 3) $ in Thousands	Sep. 30, 2015USD ($)
Amortized Cost
Due over one year through five years - Amortized Cost
Due over five years through ten years - Amortized Cost	$ 3,996
Due after ten years - Amortized Cost	2,998
Mortgage-backed securities - Amortized Cost	5,260
Total - Amortized Cost	$ 12,254
Fair Value
Due over one year through five years - Fair Value
Due over five years through ten years - Fair Value	$ 4,002
Due after ten years - Fair Value	2,950
Mortgage-backed securities - Fair Value	5,580
Total - Fair Value	$ 12,532

LOANS RECEIVABLE (Details)

LOANS RECEIVABLE (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less allowance for loan losses	$ (1,622)		$ (1,731)
Loans receivable, net	94,024		101,936
Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	96,825		104,584
Add: Net discount on purchased loans	(9)		(8)
Add: Unamortized net deferred costs	28		35
Less: Undisbursed portion of construction loans	(1,157)		(897)
Less: Unearned net loan origination fees	(41)		(47)
Less allowance for loan losses	(1,622)	$ (1,725)	(1,731)	$ (1,771)	$ (1,623)	$ (1,790)
Loans receivable, net	94,024		101,936
Loans Receivable | One-to four family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	77,010		83,227
Loans Receivable | Multi-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	2,115		2,160
Loans Receivable | Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	79,125		85,387
Loans Receivable | Non-residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	8,726		9,230
Less allowance for loan losses	(172)	(88)	(79)	(96)	(87)	(127)
Loans Receivable | Construction and land loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	5,059		4,856
Less allowance for loan losses	(123)	$ (185)	(174)	$ (173)	$ (66)	$ (77)
Loans Receivable | Home equity line of credit ("HELOC")
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	3,908		5,106
Loans Receivable | Loans to depositors, secured by savings
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total	$ 7		$ 5

LOANS RECEIVABLE (Details 1)

LOANS RECEIVABLE (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance			$ 1,731
(Reversal) Provisions	$ (5)	$ 821	(4)	$ 810
Ending balance	1,622		1,622		$ 1,731
Loans Receivable
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,725	1,623	1,731	1,790	1,790
Charge-offs	(272)	(674)	(289)	(831)	(884)
Recoveries	174	1	184	2	15
(Reversal) Provisions	(5)	821	(4)	810	810
Ending balance	1,622	1,771	1,622	1,771	1,731
Allowance for loan losses:
Ending balance: individually evaluated for impairment	40	44	40	44	45
Ending balance: collectively evaluated for impairment	1,582	1,727	1,582	1,727	1,686
Loans:
Ending balance: individually evaluated for impairment	7,108	10,309	7,108	10,309	9,499
Ending balance: collectively evaluated for impairment	89,717	98,123	89,717	98,123	95,085
Loans Receivable | Residential Real Estate, HELOC, and Consumer
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 1,202	1,470	1,228	1,586	1,586
Charge-offs		(1)	(17)	(71)	(123)
Recoveries	$ 4	1	14	2	2
(Reversal) Provisions	(129)	(218)	(148)	(265)	(237)
Ending balance	1,077	1,252	1,077	1,252	1,228
Allowance for loan losses:
Ending balance: individually evaluated for impairment	40	44	40	44	45
Ending balance: collectively evaluated for impairment	1,037	1,208	1,037	1,208	1,183
Loans:
Ending balance: individually evaluated for impairment	3,276	5,352	3,276	5,352	5,280
Ending balance: collectively evaluated for impairment	79,764	87,457	79,764	87,457	85,218
Loans Receivable | Non-residential Real Estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	88	87	79	127	127
Charge-offs	$ (247)	$ (39)	$ (247)	$ (39)	(39)
Recoveries					13
(Reversal) Provisions	$ 331	$ 48	$ 340	$ 8	(22)
Ending balance	$ 172	$ 96	$ 172	$ 96	$ 79
Allowance for loan losses:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	$ 172	$ 96	$ 172	$ 96	$ 79
Loans:
Ending balance: individually evaluated for impairment	1,667	2,701	1,667	2,701	1,979
Ending balance: collectively evaluated for impairment	7,059	8,028	7,059	8,028	7,251
Loans Receivable | Construction and land loans
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	185	66	174	77	77
Charge-offs	(25)	$ (634)	(25)	$ (721)	$ (722)
Recoveries	170		170
(Reversal) Provisions	(207)	$ 741	(196)	$ 817	$ 819
Ending balance	$ 123	$ 173	$ 123	$ 173	$ 174
Allowance for loan losses:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	$ 123	$ 173	$ 123	$ 173	$ 174
Loans:
Ending balance: individually evaluated for impairment	2,165	2,256	2,165	2,256	2,240
Ending balance: collectively evaluated for impairment	2,894	$ 2,638	2,894	$ 2,638	$ 2,616
Loans Receivable | Unallocated
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 250		$ 250
Charge-offs
Recoveries
(Reversal) Provisions		$ 250		$ 250	$ 250
Ending balance	$ 250	$ 250	$ 250	$ 250	$ 250
Allowance for loan losses:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	$ 250	$ 250	$ 250	$ 250	$ 250
Loans:
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment

LOANS RECEIVABLE (Details 2)

LOANS RECEIVABLE (Details 2) - Loans Receivable - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Total	$ 96,825	$ 104,584
Non-classified
Financing Receivable, Recorded Investment [Line Items]
Total	90,432	95,267
Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	1,509	2,937
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	$ 4,884	$ 6,380
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Residential Real Estate, HELOC, and Consumer
Financing Receivable, Recorded Investment [Line Items]
Total	$ 83,040	$ 90,498
Residential Real Estate, HELOC, and Consumer | Non-classified
Financing Receivable, Recorded Investment [Line Items]
Total	80,318	85,231
Residential Real Estate, HELOC, and Consumer | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	1,370	2,793
Residential Real Estate, HELOC, and Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	$ 1,352	$ 2,474
Residential Real Estate, HELOC, and Consumer | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Residential Real Estate, HELOC, and Consumer | Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Non-residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total	$ 8,726	$ 9,230
Non-residential Real Estate | Non-classified
Financing Receivable, Recorded Investment [Line Items]
Total	$ 7,220	$ 7,420
Non-residential Real Estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total
Non-residential Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	$ 1,506	$ 1,810
Non-residential Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Non-residential Real Estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total
Construction and Land
Financing Receivable, Recorded Investment [Line Items]
Total	$ 5,059	$ 4,856
Construction and Land | Non-classified
Financing Receivable, Recorded Investment [Line Items]
Total	2,894	2,616
Construction and Land | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	139	144
Construction and Land | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	$ 2,026	$ 2,096
Construction and Land | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total
Construction and Land | Loss
Financing Receivable, Recorded Investment [Line Items]
Total

LOANS RECEIVABLE (Details 3)

LOANS RECEIVABLE (Details 3) - Loans Receivable - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
With no related allowance recorded:
Recorded investment	$ 6,058	$ 8,997	$ 6,058	$ 8,997	$ 8,608
Unpaid principal balance	7,811	10,787	7,811	10,787	10,485
Average recorded investment	6,762	9,468	7,839	9,748	9,908
Interest income recognized	166	83	347	326	424
Interest income foregone	17	81	64	150	147
With an allowance recorded:
Recorded investment	1,050	1,312	1,050	1,312	891
Unpaid principal balance	1,049	1,365	1,049	1,365	891
Related allowance	40	44	40	44	45
Average recorded investment	1,052	1,314	872	1,318	898
Interest income recognized	8	11	25	37	34
Interest income foregone	1	1	1	1	4
Total:
Recorded investment	7,108	10,309	7,108	10,309	9,499
Unpaid principal balance	8,860	12,152	8,860	12,152	11,376
Related allowance	40	44	40	44	45
Average recorded investment	7,814	10,782	8,711	11,066	10,806
Interest income recognized	174	94	372	363	458
Interest income foregone	18	82	65	151	151
Residential Real Estate, HELOC, and Consumer
With no related allowance recorded:
Recorded investment	2,226	4,040	2,226	4,040	4,389
Unpaid principal balance	2,629	4,733	2,629	4,733	5,204
Average recorded investment	2,739	4,049	3,711	4,208	4,577
Interest income recognized	123	41	233	194	251
Interest income foregone	7	60	36	88	91
With an allowance recorded:
Recorded investment	1,050	1,312	1,050	1,312	891
Unpaid principal balance	1,049	1,365	1,049	1,365	891
Related allowance	40	44	40	44	45
Average recorded investment	1,052	1,314	872	1,318	898
Interest income recognized	8	11	25	37	34
Interest income foregone	1	1	1	1	4
Total:
Recorded investment	3,276	5,352	3,276	5,352	5,280
Unpaid principal balance	3,678	6,098	3,678	6,098	6,095
Related allowance	40	44	40	44	45
Average recorded investment	3,791	5,363	4,583	5,526	5,475
Interest income recognized	131	52	258	231	285
Interest income foregone	8	61	37	89	95
Non-residential Real Estate
With no related allowance recorded:
Recorded investment	1,667	2,701	1,667	2,701	1,979
Unpaid principal balance	1,973	2,778	1,973	2,778	2,021
Average recorded investment	1,835	2,735	1,919	2,701	2,640
Interest income recognized	17	16	34	50	66
Interest income foregone	$ 9	$ 19	$ 24	$ 57	$ 48
With an allowance recorded:
Recorded investment
Unpaid principal balance
Related allowance
Average recorded investment
Interest income recognized
Interest income foregone
Total:
Recorded investment	$ 1,667	$ 2,701	$ 1,667	$ 2,701	$ 1,979
Unpaid principal balance	$ 1,973	$ 2,778	$ 1,973	$ 2,778	$ 2,021
Related allowance
Average recorded investment	$ 1,835	$ 2,735	$ 1,919	$ 2,701	$ 2,640
Interest income recognized	17	16	34	50	66
Interest income foregone	9	19	24	57	48
Construction and Land
With no related allowance recorded:
Recorded investment	2,165	2,256	2,165	2,256	2,240
Unpaid principal balance	3,209	3,276	3,209	3,276	3,260
Average recorded investment	2,188	2,684	2,209	2,839	2,691
Interest income recognized	26	26	80	82	107
Interest income foregone	$ 1	$ 2	$ 4	$ 5	$ 8
With an allowance recorded:
Recorded investment
Unpaid principal balance
Related allowance
Average recorded investment
Interest income recognized
Interest income foregone
Total:
Recorded investment	$ 2,165	$ 2,256	$ 2,165	$ 2,256	$ 2,240
Unpaid principal balance	$ 3,209	$ 3,276	$ 3,209	$ 3,276	$ 3,260
Related allowance
Average recorded investment	$ 2,188	$ 2,684	$ 2,209	$ 2,839	$ 2,691
Interest income recognized	26	26	80	82	107
Interest income foregone	$ 1	$ 2	$ 4	$ 5	$ 8

LOANS RECEIVABLE (Details 4)

LOANS RECEIVABLE (Details 4) - Loans Receivable - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 95,186	$ 101,864
Greater than 90 day past due and still accruing
Total past due	$ 1,639	$ 2,720
Total	96,825	104,584
30 - 59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	380	981
60 - 89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	246	154
Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,013	1,585
Residential Real Estate, HELOC, and Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 81,958	$ 88,268
Greater than 90 day past due and still accruing
Total past due	$ 1,082	$ 2,230
Total	83,040	90,498
Residential Real Estate, HELOC, and Consumer | 30 - 59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	380	981
Residential Real Estate, HELOC, and Consumer | 60 - 89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	246	154
Residential Real Estate, HELOC, and Consumer | Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	456	1,095
Non-residential Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 8,277	$ 8,932
Greater than 90 day past due and still accruing
Total past due	$ 449	$ 298
Total	$ 8,726	$ 9,230
Non-residential Real Estate | 30 - 59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due
Non-residential Real Estate | 60 - 89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due
Non-residential Real Estate | Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 449	$ 298
Construction and Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 4,951	$ 4,664
Greater than 90 day past due and still accruing
Total past due	$ 108	$ 192
Total	$ 5,059	$ 4,856
Construction and Land | 30 - 59 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due
Construction and Land | 60 - 89 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due
Construction and Land | Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 108	$ 192

LOANS RECEIVABLE (Details 5)

LOANS RECEIVABLE (Details 5) - Loans Receivable - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accruing troubled debt restructured loans	$ 1,468	$ 2,298
Other non-accrual loans	956	1,045
Total non-accrual loans	2,424	3,343
Accruing troubled debt restructured loans	3,740	4,670
Total	6,164	8,013
Residential Real Estate, HELOC, and Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accruing troubled debt restructured loans	296	866
Other non-accrual loans	498	917
Total non-accrual loans	794	1,783
Accruing troubled debt restructured loans	1,673	2,539
Total	2,467	4,322
Non-residential Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accruing troubled debt restructured loans	1,113	$ 1,368
Other non-accrual loans	350
Total non-accrual loans	1,463	$ 1,368
Accruing troubled debt restructured loans	208	227
Total	1,671	1,595
Construction and Land
Financing Receivable, Recorded Investment, Past Due [Line Items]
Non-accruing troubled debt restructured loans	59	64
Other non-accrual loans	108	128
Total non-accrual loans	167	192
Accruing troubled debt restructured loans	1,859	1,904
Total	$ 2,026	$ 2,096

LOANS RECEIVABLE (Details 6)

LOANS RECEIVABLE (Details 6) - Loans Receivable $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)Contract	Sep. 30, 2014USD ($)Contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	7
Pre-modification Outstanding Recorded Investment	$ 844
Post-modification Outstanding Recorded Investment	$ 844
Residential real estate and consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract	7
Pre-modification Outstanding Recorded Investment	$ 844
Post-modification Outstanding Recorded Investment	$ 844
Non-residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract
Pre-modification Outstanding Recorded Investment
Post-modification Outstanding Recorded Investment
Construction and Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts | Contract
Pre-modification Outstanding Recorded Investment
Post-modification Outstanding Recorded Investment

LOANS RECEIVABLE (Detail Textua

LOANS RECEIVABLE (Detail Textuals) - Loans Receivable - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to value ratio	80.00%
Percentage of loan secured by certificate of deposits	100.00%
Loans amount serviced by bank	$ 443,000	$ 450,000
Residential real estate property of foreclosure totaled	$ 231,000

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other Real Estate [Roll Forward]
BALANCE AS OF DECEMBER 31, 2014			$ 379
Additions
Transfers from Loans				$ 67
Transfers to Loans			$ (41)
Sales			(171)
Provisions	$ (96)	$ (108)	(147)	$ (108)
BALANCE AS OF SEPTEMBER 30, 2015 (unaudited)	$ 20		$ 20

OTHER REAL ESTATE OWNED (Deta44

OTHER REAL ESTATE OWNED (Detail Textuals) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other Real Estate [Abstract]
Other real estate owned	$ 20	$ 379

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Deposit Liabilities Disclosure [Abstract]
Non-interest-bearing deposits	$ 1,110	$ 842
NOW and Money market	21,124	20,895
Savings	14,943	15,143
Certificates of deposit	56,843	61,593
Total deposits	$ 94,020	$ 98,473

DEPOSITS (Details 1)

DEPOSITS (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Deposit Liabilities Disclosure [Abstract]
2,015	$ 7,200
2,016	25,291
2,017	9,983
2,018	6,028
2,019	4,698
2,020	3,643
Total	$ 56,843	$ 61,593

DEPOSITS (Detail Textuals)

DEPOSITS (Detail Textuals) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Deposit Liabilities [Line Items]
Time deposits, $100,000 or more	$ 25,199,000	$ 26,650,000
FDIC insured limit	250,000
Deposits	94,020,000	98,473,000
Officers and directors
Deposit Liabilities [Line Items]
Deposits	$ 616,000	$ 454,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Deferred tax assets:
Deferred loan fees and costs, net	$ 5	$ 5
Allowance for credit losses	640	683
Deferred compensation	71	126
Allowance for ground rents	54	55
Allowance for delinquent mortgage interest	175	276
Capital loss carryforward		2
Net operating loss carryforward	1,288	840
Allowance for real estate owned	50	113
Total deferred tax assets	2,283	2,100
Valuation allowance	(1,294)	(843)
Deferred tax assets after valuation allowance	989	1,257
Deferred tax liabilities:
Depreciation	128	128
Unrealized gain on available-for-sale securities	13	9
Total deferred tax liabilities	141	137
Net deferred tax assets	$ 848	$ 1,120

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Deferred Tax Assets Valuation Allowance [Roll Forward]
Balance	$ 843
Balance	1,294	$ 843
Valuation allowance for Capital Loss Carryforwards
Deferred Tax Assets Valuation Allowance [Roll Forward]
Balance	(843)	(42)
Expiration of capital loss carryforwards		40
Increase in valuation allowance	(451)	(841)
Balance	$ (1,294)	$ (843)

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals) - USD ($)	36 Months Ended
	Dec. 31, 2010	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Loss Carryforwards [Line Items]
Cumulative capital losses	$ 799,000
Deferred tax assets on capital loss carryforwards expires			$ 101,000	$ 692,000
Capital loss carryforwards expire in 2015		$ 5,000	40,000	$ 273,000
Deferred tax assets for capital loss carryforwards expire in 2015		2,000
Valuation allowance of remaining deferred tax assets and liabilities relating to the timing difference		1,100,000
Valuation allowance for Capital Loss Carryforwards
Operating Loss Carryforwards [Line Items]
Deferred tax assets on in cumulative capital losses		$ 315,000
Percentage of valuation allowance establish for deferred tax assets		100.00%
Federal and state
Operating Loss Carryforwards [Line Items]
Federal and state net operating loss carryforwards			$ 2,100,000

REGULATORY CAPITAL REQUIREMEN51

REGULATORY CAPITAL REQUIREMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Regulatory Capital Requirements [Abstract]
Total risk-based capital (to risk-weighted assets), Actual Amount	$ 26,141	$ 26,739
Total risk-based capital (to risk-weighted assets), Actual Ratio	35.80%	33.97%
Total risk-based capital (to risk-weighted assets), Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions Amount	$ 5,841	$ 6,298
Total risk-based capital (to risk-weighted assets), Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Tier I capital (to risk-weighted assets), Actual Amount	$ 25,220	$ 25,746
Tier I capital (to risk-weighted assets), Actual Ratio	34.54%	32.70%
Tier I capital (to risk-weighted assets), Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions Amount	$ 4,381	$ 3,149
Tier I capital (to risk-weighted assets), Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions Ratio	6.00%	4.00%
Tier I capital (to adjusted total assets), Actual Amount	$ 25,220	$ 25,746
Tier I capital (to adjusted total assets), Actual Ratio	17.68%	17.09%
Tier I capital (to adjusted total assets), Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions Amount	$ 5,707	$ 6,027
Tier I capital (to adjusted total assets), Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions Ratio	4.00%	4.00%
Common equity tier 1 capital (to risk weighted assets), Actual Amount	$ 25,220
Common equity tier 1 capital (to risk weighted assets), Actual Ratio	34.54%
Common equity tier 1 capital (to risk weighted assets), Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions Amount	$ 3,286
Common equity tier 1 capital (to risk weighted assets), Minimum Requirements for Capital Adequacy Purposes and to be Adequately Capitalized Under the Prompt Corrective Action Provisions Ratio	4.50%

REGULATORY CAPITAL REQUIREMEN52

REGULATORY CAPITAL REQUIREMENTS (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Regulatory Capital Requirements [Abstract]
Total Company equity capital	$ 35,175	$ 35,814
LESS: Parent Only Equity	9,933	10,053
LESS: Net unrealized gains on available-for-sale securities	22	15
Tier 1 Capital	25,220	25,746
Tier 1 Capital	25,220	25,746
Allowance for loan and lease losses includible in Tier 2 capital	921	993
Total risk-based capital	$ 26,141	$ 26,739

OTHER COMPREHENSIVE INCOME (Det

OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net unrealized gain on securities available-for-sale, Before Tax	$ 25	$ (5)	$ 12	$ 13
Net unrealized gain on securities available-for-sale, Tax Effect	$ (10)	$ 2	(5)	(5)
Net unrealized gain on securities available-for-sale, Net of Tax			7	8
Other Comprehensive Gain, Before Tax			12	13
Other Comprehensive Gain,Tax Effect			(5)	(5)
Other Comprehensive Gain, Net of Tax			$ 7	$ 8

OTHER COMPREHENSIVE INCOME (D54

OTHER COMPREHENSIVE INCOME (Details 1) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income Loss Net Of Taxes [Roll Forward]
Balance at Beginning of Year	$ 15
Balance at End of Period	22
Securities Available-for-sale
Accumulated Other Comprehensive Income Loss Net Of Taxes [Roll Forward]
Balance at Beginning of Year	15	$ 7
Other Comprehensive Gain	7	8
Balance at End of Period	22	15
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Loss Net Of Taxes [Roll Forward]
Balance at Beginning of Year	15	7
Other Comprehensive Gain	7	8
Balance at End of Period	$ 22	$ 15

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Basic EPS
Net loss available to shareholders	$ (305)	$ (740)
Shares (Denominator)	1,954,240	1,951,437
Basic loss earnings per share (in dollars per share)	$ (0.16)	$ (0.38)
Diluted EPS
Net loss available to shareholders
Shares (Denominator)
Effect of dilutive shares
Diluted loss per share (in dollars per share)	$ (0.16)	$ (0.38)

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in Period Earnings
Total assets measured at fair value on a recurring basis	$ 3,952	$ 502
Recurring basis | FFCB AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in Period Earnings
Total assets measured at fair value on a recurring basis	$ 3,008
Recurring basis | FHLMC AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in Period Earnings
Total assets measured at fair value on a recurring basis	$ 737	$ 249
Recurring basis | FNMA AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in Period Earnings
Total assets measured at fair value on a recurring basis	$ 130	$ 164
Recurring basis | GNMA AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in Period Earnings
Total assets measured at fair value on a recurring basis	$ 77	$ 89
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | FFCB AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | FHLMC AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | FNMA AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis
Recurring basis | Quoted Prices In Active Markets for Identical Assets (Level 1) | GNMA AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis
Recurring basis | Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	$ 3,952	$ 502
Recurring basis | Other Observable Inputs (Level 2) | FFCB AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	3,008
Recurring basis | Other Observable Inputs (Level 2) | FHLMC AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	737	249
Recurring basis | Other Observable Inputs (Level 2) | FNMA AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	130	164
Recurring basis | Other Observable Inputs (Level 2) | GNMA AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	$ 77	$ 89
Recurring basis | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis
Recurring basis | Significant Unobservable Inputs (Level 3) | FFCB AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis
Recurring basis | Significant Unobservable Inputs (Level 3) | FHLMC AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis
Recurring basis | Significant Unobservable Inputs (Level 3) | FNMA AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis
Recurring basis | Significant Unobservable Inputs (Level 3) | GNMA AFS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis

FAIR VALUE MEASUREMENTS (Deta57

FAIR VALUE MEASUREMENTS (Details 1) - Fair value measurements, nonrecurring - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in period earnings	$ (147)	$ (118)
Impaired loans - Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in period earnings
Impaired loans - Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in period earnings
Impaired loans - Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in period earnings
Impaired loans - Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in period earnings
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading Gains and (Losses)
Total Changes in Fair Values Included in period earnings	$ (147)	$ (118)
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	7,088	9,833
Fair Value | Impaired loans - Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	3,236	5,235
Fair Value | Impaired loans - Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	1,667	1,979
Fair Value | Impaired loans - Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	$ 2,165	$ 2,240
Fair Value | Impaired loans - Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Fair Value | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	$ 20	$ 379
Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Quoted Prices In Active Markets for Identical Assets (Level 1) | Impaired loans - Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Quoted Prices In Active Markets for Identical Assets (Level 1) | Impaired loans - Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Quoted Prices In Active Markets for Identical Assets (Level 1) | Impaired loans - Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Quoted Prices In Active Markets for Identical Assets (Level 1) | Impaired loans - Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Quoted Prices In Active Markets for Identical Assets (Level 1) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	$ 6,078	$ 8,987
Other Observable Inputs (Level 2) | Impaired loans - Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	2,226	4,389
Other Observable Inputs (Level 2) | Impaired loans - Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	1,667	1,979
Other Observable Inputs (Level 2) | Impaired loans - Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	$ 2,165	$ 2,240
Other Observable Inputs (Level 2) | Impaired loans - Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Other Observable Inputs (Level 2) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	$ 20	$ 379
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	1,010	846
Significant Unobservable Inputs (Level 3) | Impaired loans - Residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis	$ 1,010	$ 846
Significant Unobservable Inputs (Level 3) | Impaired loans - Commercial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Significant Unobservable Inputs (Level 3) | Impaired loans - Land
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Significant Unobservable Inputs (Level 3) | Impaired loans - Construction
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis
Significant Unobservable Inputs (Level 3) | Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a non-recurring basis

FAIR VALUE MEASUREMENTS (Deta58

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Carrying Value
ASSETS
Cash, interest-bearing deposits and federal funds sold	$ 4,994	$ 15,190
Other interest bearing deposits in other banks	22,977	10,445
Investment securities	12,290	14,641
Federal Home Loan Bank stock	688	929
Loans, net	94,024	101,936
Bank owned life insurance	885	847
Accrued interest receivable	362	337
LIABILITIES
Deposits	94,020	98,473
FHLB advances	12,000	15,750
Fair Value
ASSETS
Cash, interest-bearing deposits and federal funds sold	4,994	15,190
Other interest bearing deposits in other banks	23,055	10,445
Investment securities	12,532	14,900
Federal Home Loan Bank stock	688	929
Loans, net	97,207	98,301
Bank owned life insurance	885	847
Accrued interest receivable	362	337
LIABILITIES
Deposits	89,771	97,673
FHLB advances	$ 12,539	$ 16,246
Quoted Prices In Active Markets for Identical Assets (Level 1)
ASSETS
Cash, interest-bearing deposits and federal funds sold
Other interest bearing deposits in other banks
Investment securities
Federal Home Loan Bank stock
Loans, net
Bank owned life insurance
Accrued interest receivable
LIABILITIES
Deposits
FHLB advances
Other Observable Inputs (Level 2)
ASSETS
Cash, interest-bearing deposits and federal funds sold	$ 4,994	$ 15,190
Other interest bearing deposits in other banks	23,055	10,445
Investment securities	12,532	14,900
Federal Home Loan Bank stock	688	929
Loans, net	6,058	8,608
Bank owned life insurance	885	847
Accrued interest receivable	$ 362	$ 337
LIABILITIES
Deposits
FHLB advances
Significant Unobservable Inputs (Level 3)
ASSETS
Cash, interest-bearing deposits and federal funds sold
Other interest bearing deposits in other banks
Investment securities
Federal Home Loan Bank stock
Loans, net	$ 91,149	$ 89,693
Bank owned life insurance
Accrued interest receivable
LIABILITIES
Deposits	$ 89,771	$ 97,673
FHLB advances	$ 12,539	$ 16,246

FAIR VALUE MEASUREMENTS (Deta59

FAIR VALUE MEASUREMENTS (Detail Textuals) - Loans Receivable	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	3.00%	3.00%
Contractual rates	5.00%	5.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	4.00%	4.00%
Contractual rates	7.375%	7.375%