Seneca Financial (SNNF) 10-Q 14 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 10, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	Seneca Financial Corp.
Entity Central Index Key	1,708,715
Trading Symbol	snnf
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,978,923
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 3,430	$ 4,375
Securities, available-for-sale	26,947	22,097
Loans, net of allowance for loan losses of $1,242 (6/30/18) and $1,241 (12/31/17)	145,398	141,150
Federal Home Loan Bank of New York stock, at cost	2,631	2,340
Interest receivable	654	666
Premises and equipment, net	2,540	2,626
Bank owned life insurance	2,409	2,381
Other assets	1,237	539
Total assets	185,246	176,174
Deposits:
Non-interest bearing	12,157	11,357
Interest bearing	120,648	118,239
Total Deposits	132,805	129,596
Short term Federal Home Loan Bank advances	8,000	4,100
Long term Federal Home Loan Bank advances	21,750	20,400
Advances from borrowers for taxes and insurance	2,607	1,957
Pension liability	54	55
Other liabilities	1,506	1,664
Total liabilities	166,722	157,772
STOCKHOLDERS' EQUITY
Preferred stock, $0.01 par value, 1,000,000 shares authorized and unissued	0	0
Common stock, $0.01 par value, 19,000,000 shares authorized, 1,978,923 shares issued and outstanding at June 30, 2018 and December 31, 2017	9	9
Additional paid-in capital	7,846	7,846
Retained earnings	14,997	14,637
Unearned ESOP shares, at cost	(757)	(770)
Accumulated other comprehensive loss	(3,571)	(3,320)
Total stockholders' equity	18,524	18,402
Total liabilities and stockholders' equity	$ 185,246	$ 176,174

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Allowance for loan losses	$ 1,242	$ 1,241
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
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	1,978,923	1,978,923
Common stock, shares outstanding	1,978,923	1,978,923

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
INTEREST INCOME
Loans, including fees	$ 1,724	$ 1,548	$ 3,325	$ 3,046
Securities	188	131	353	251
Other	7	5	19	8
Total interest income	1,919	1,684	3,697	3,305
INTEREST EXPENSE
Deposits	303	250	579	450
Advances and borrowings	144	107	282	211
Total interest expense	447	357	861	661
Net interest income	1,472	1,327	2,836	2,644
PROVISION FOR LOAN LOSSES	0	50	10	90
Net interest income after provision for loan losses	1,472	1,277	2,826	2,554
NON-INTEREST INCOME
Earnings on bank-owned life insurance	14	15	28	32
Net gains on sale of residential mortgage loans	6	55	7	73
Net gains on sales of available-for-sale securities				1
Gain on sale of foreclosed real estate				3
Total non-interest income	138	168	278	312
NON-INTEREST EXPENSE
Compensation and employee benefits	756	675	1,472	1,326
Core processing	199	153	390	303
Premises and equipment	123	101	235	207
Professional fees	73	139	145	236
Postage & Office Supplies	27	39	59	67
FDIC premiums	10	33	12	58
Advertising	67	57	99	86
Mortgage recording tax	17	29	26	44
Other	112	103	238	219
Total non-interest expense	1,384	1,329	2,676	2,546
Income before provision for income taxes	226	116	428	320
PROVISION FOR INCOME TAXES	33	23	68	63
Net income	$ 193	93	$ 360	257
Net income per common shares - basic and diluted (In dollars per share)	$ 0.10		$ 0.19
Weighted average number of shares outstanding - basic and diluted (In shares)	1,902,261		1,902,585
Service fees
NON-INTEREST INCOME
Income fees	$ 31	42	$ 69	56
Income from financial services
NON-INTEREST INCOME
Income fees	38	32	90	69
Fee income
NON-INTEREST INCOME
Income fees	$ 49	$ 24	$ 84	$ 78

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 193	$ 93	$ 360	$ 257
Unrealized gains on available-for-sale securities:
Unrealized holding (loss) gains arising during period	(18)	237	(318)	300
Reclassification adjustment for net gains included in net income				(1)
Net unrealized (loss) gains on available-for-sale securities	(18)	237	(318)	299
Defined benefit pension plan:
Net gains (losses) arising during the period	0	0	0	0
Reclassification of amortization of net losses recognized in net periodic pension cost	0	0	0	0
Net changes in defined benefit pension plan	0	0	0	0
OTHER COMPREHENSIVE INCOME, BEFORE TAX	(18)	237	(318)	299
Tax effect	(4)	79	(67)	101
OTHER COMPREHENSIVE INCOME, NET OF TAX	(14)	158	(251)	198
TOTAL COMPREHENSIVE INCOME	$ 179	$ 251	$ 109	$ 455

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Unearned ESOP Shares	Accumulated Other Comprehensive Loss	Total
BALANCE at Dec. 31, 2016	$ 0	$ 0	$ 13,567	$ 0	$ (2,787)	$ 10,780
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			257			257
Other comprehensive income (loss)					198	198
BALANCE at Jun. 30, 2017			13,824		(2,589)	11,235
BALANCE at Dec. 31, 2017	9	7,846	14,637	(770)	(3,320)	18,402
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			360			360
Other comprehensive income (loss)					(251)	(251)
ESOP shares committed to be released				13		13
BALANCE at Jun. 30, 2018	$ 9	$ 7,846	$ 14,997	$ (757)	$ (3,571)	$ 18,524

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 360	$ 257
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation and amortization	100	80
Provision for loan losses	10	90
Net amortization of premiums and discounts on securities	135	132
Gain on sale of residential mortgage loans	(7)	(73)
Proceeds from sale of residential mortgage loans held for sale	1,780	4,826
Origination of residential mortgage loans held for sale	(1,780)	(4,753)
Gain on sale of foreclosed assets		(3)
Gain on sale of available-for-sale securities		(1)
Amortization of deferred loan fees	13	8
ESOP compensation expense	13
Earnings on investment in bank owned life insurance	(28)	(32)
Decrease (Increase) in accrued interest receivable	12	(14)
Increase in other assets	(698)	(1,257)
Change in deferred income tax benefit	67
(Decrease) Increase in other liabilities	(151)	975
Net cash flow (used in) provided by operating activities	(160)	235
Activity in securities available-for-sale
Proceeds from calls and maturities		825
Proceeds from sales		1,224
Principal repayments	1,236	898
Purchases	(6,538)	(5,962)
Purchases of Federal Home Loan Bank of New York stock	(762)	(666)
Redemptions of Federal Home Loan Bank of New York stock	470	684
Loan originations and principal collections, net	(4,272)	(6,240)
Proceeds from sales of foreclosed assets		330
Purchases or premises and equipment	(14)	(26)
Net cash flow used in investing activities	(9,894)	(8,933)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in deposits	3,209	15,353
Increase in advances from borrowers for taxes and insurance	650	478
Proceeds from long-term advances	2,350	4,000
Payments of long-term advances	(1,000)	(500)
Increase (decrease) in FHLB advances	3,900	(10,000)
Net cash flow provided by financing activities	9,109	9,331
Net change in cash and cash equivalents	(945)	633
CASH AND CASH EQUIVALENTS - beginning of period	4,375	1,762
CASH AND CASH EQUIVALENTS - end of period	3,430	2,395
Cash paid for:
Interest on deposits and borrowed funds	870	636
Income taxes	$ 38	2
Transfer of loans to other real estate owned		$ 451

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION Seneca Financial Corp. (the “Company”), a federal corporation that was organized in 2017, is a savings and loan holding company of Seneca Savings (the “Bank”). The Bank maintains its executive offices and main branch in Baldwinsville, New York, with branches in Liverpool and North Syracuse, New York. The Bank is a community-oriented savings bank whose business primarily consists of accepting deposits from customers within its market area and investing those funds primarily in residential mortgage loans. The Bank has one wholly-owned subsidiary: Seneca Savings Insurance Agency, Inc. dba Financial Quest ("Quest"). Quest offers financial planning and investment advisory services and sells various insurance and investment products through broker networks. The consolidated financial statements of the Company include the accounts of Quest and the Bank. All significant intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited financial statements and notes thereto contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly, in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), the financial position of the Company as of June 30, 2018 and the results of its operations and its cash flows for the periods presented. The interim financial information should be read in conjunction with the annual financial statements and the notes thereto included in the Form 10-K of the Company. The results of operations at and for the three and six months ended June 30, 2018 and 2017 are not necessarily indicative of the results to be expected for the full year or any other period. Use of Estimates – The preparation of financial statements in conformity with U. S. GAAP 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 reported period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the estimation of fair values, pension plan and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income. Summary of Significant Accounting Policies – The accounting and reporting policies of the Company conform to U.S. GAAP and general practices within the banking industry. There have been no material changes or developments in the application of principles or in our evaluation of the accounting estimates and the underlying assumptions or methodologies that we believe to be Critical Accounting Policies as disclosed in the Company’s financial statements for the year ended December 31, 2017 included in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission on April 2, 2018.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities. The amendment more closely aligns the interest income recorded on bonds held at a premium or a discount with the economics of the underlying instrument. Public companies will have to begin applying the revisions to FASB ASC 310-20, Receivables – Nonrefundable Fees and Other Costs, and the related amendments in their first fiscal years that start after December 15, 2018. The changes will have to be used for the quarterly reports for those years. The FASB issued the amendment in response to the concerns that were brought to it about the requirements in ASC 310-20 that sometimes forced bondholders to record a loss once a bond was called by its issuer. The amended guidance largely affects municipal bonds but also could affect the accounting treatment of some callable corporate debt. For Public Business Entities (“PBEs”) that are U.S. Securities and Exchange Commission (SEC) filers, such as the Company, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. All entities may adopt the amendments in this update earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. An entity will apply the amendments in this update through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The provisions of this new accounting standard are complex and will require substantial analysis prior to the ASU’s implementation. The Company’s management is currently in the process of evaluating the impact that this standard will have on its consolidated financial statements, however, management does not expect the adoption of this ASU to have a material impact on its consolidated financial statements and results of operations. In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Under the new guidance a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current U.S. GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee will depend primarily on its classification as a finance or an operating lease (i.e., the classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases under the previous guidance). However, unlike current U.S. GAAP, which requires only capital leases to be recognized on the balance sheet, ASU No. 2016-02 will require both operating and finance leases to be recognized on the balance sheet. Additionally, the ASU will require disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. Lessor accounting will remain largely unchanged from current U.S. GAAP. However, the ASU contains some targeted improvements that are intended to align, where necessary, lessor accounting with the lessee accounting model and with the updated revenue recognition guidance issued in 2014. The amendments in ASU No. 2016-02 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, for (1) public business entities, (2) not-for-profit entities that have issued, or are conduit bond obligors for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, and (3) employee benefit plans that file financial statements with the SEC. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and for interim periods within fiscal years beginning after December 15, 2020. Early application is permitted for all entities. The Company is currently evaluating the effects of the ASU 2016-02 on its consolidated financial statements and disclosures, if any. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”. The Company is continuing to evaluate the effect of the new guidance on revenue sources other than financial instruments on our financial position and consolidated results of operations. The Company’s revenue is primarily comprised of interest income on financial instruments, including investment securities and loans, which are excluded from the scope of ASU 2014-09. The Company adopted the standard in the current quarter. The most significant impact of the update for the Company was the additional disclosure requirements relating to non-interest income, specifically service charges and deposit-related fees. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities. The amendments in this update address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments in this update require all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee). The amendments in this update also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. In addition, the amendments in this update also simplify the impairment assessment of equity investments without readily determinable fair values by requiring assessment for impairment qualitatively at each reporting period. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2017, including interim periods with those fiscal years. The adoption had no impact on the consolidated financial statements and only impacted fair value measurement disclosures. In May 2018, the FASB issued ASU No. 2018-06, Codification Improvements to Topic 942, Financial Services - Depository and Lending In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting In June 2018, the FASB issued ASU No. 2018-08, Not for Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made In July 2018, the FASB issued ASU No. 2018-09, Codification Improvements In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842. Leases In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements which amends FASB Accounting Standards Codification (ASC) Topic 842, Leases

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
SECURITIES	3. SECURITIES The amortized cost and fair values of securities, with gross unrealized gains and losses are as follows: Amortized Unrealized Unrealized Fair Value (In thousands) Available-for-sale Securities: June 30, 2018 (Unaudited): Municipal securities $ 9,922 $ 1 $ (235 ) $ 9,688 Mortgage-backed securities and collateralized mortgage obligations 12,248 - (331 ) 11,917 Corporate securities 5,356 14 (28 ) 5,342 $ 27,526 $ 15 $ (594 ) $ 26,947 December 31, 2017: Municipal securities $ 9,157 $ 9 $ (128 ) $ 9,038 Mortgage-backed securities and collateralized mortgage obligations 10,378 7 (169 ) 10,216 Corporate securities 2,823 20 - 2,843 $ 22,358 $ 36 $ (297 ) $ 22,097 Mortgage backed securities and collateralized mortgage obligations consist of securities that are issued by Fannie Mae (“FNMA”), Freddie Mac (“FHLMC”), Ginnie Mae (“GNMA”), and are collateralized by residential mortgages. U.S. Government and agency obligations include notes and bonds with both fixed and variable rates. Municipal securities consist of government obligation and revenue bonds. Corporate securities consist of variable rate bonds with large financial institutions. Investment securities with carrying amounts of $10.9 million and $9.2 million were pledged to secure advances and for other purposes required or permitted by law for the six months ended June 30, 2018 and for the year ended December 31, 2017, respectively. The amortized cost and fair value of debt securities based on the contractual maturity are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations. June 30, 2018 (Unaudited) December 31, 2017 Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Due in one year or less $ - $ - $ - $ - Due after one year through five years 2,797 2,788 783 783 Due after five years through ten years 7,205 7,135 6,523 6,512 Due after ten years 5,275 5,106 4,674 4,586 Mortgage-backed securities and collateralized mortgage obligations 12,249 11,918 10,378 10,216 $ 27,526 $ 26,947 $ 22,358 $ 22,097 During the six months ended June 30, 2018 the Company did not sell any securities. During the six months ended June 30, 2017 the Company sold available-for-sale securities with gross realized gains of $1,258, and gross realized losses of $118. Management has reviewed its loan, mortgage backed securities and collateralized mortgage obligations portfolios and determined that, to the best of its knowledge, little or no exposure exists to sub-prime or other high-risk residential mortgages. The Company is not in the practice of investing in, or originating, these types of investments or loans. Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position follows: Less than Twelve Months Twelve Months and Over Gross Fair Value Gross Fair Value (In thousands) June 30, 2018 (Unaudited): Municipal securities $ (72 ) $ 3,932 $ (163 ) $ 4,706 Mortgage-backed securities and collateralized mortgage obligations (86 ) 5,518 (245 ) 5,963 Corporate Securities (28 ) 3,523 - - $ (186 ) $ 12,973 $ (408 ) $ 10,669 December 31, 2017: Municipal securities $ (22 ) $ 3,335 $ (106 ) $ 4,545 Mortgage-backed securities and collateralized mortgage obligations (68 ) 6,282 (101 ) 3,420 $ (90 ) $ 9,617 $ (207 ) $ 7,965 Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. For the six months ended June 30, 2018, the Company did not record an other-than-temporary impairment charge. At June 30, 2018, thirteen municipal securities and nine mortgage-backed securities and collateralized mortgage obligations were in a continuous loss position for more than twelve months. At June 30, 2018, thirteen municipal securities, nine mortgage-backed securities and collateralized mortgage obligations and seven corporate securities were in a continuous loss position for less than twelve months. At December 31, 2017, five collateralized mortgage obligations and twelve municipal securities were in a continuous loss position for more than twelve months. At December 31, 2017, nine municipal securities, ten mortgage backed securities and collateralized mortgage obligations were in a continuous loss position for less than twelve months. The mortgage-backed securities and collateralized mortgage obligations were issued by U.S. Government sponsored agencies. All are paying in accordance with their terms with no deferrals of interest or defaults. Because the decline in fair value is attributable to changes in interest rates, not credit quality, and because management does not intend to sell and will not be required to sell these securities prior to recovery or maturity, no declines are deemed to be other-than-temporary.

LOANS

LOANS	6 Months Ended
	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
LOANS	4. LOANS Net loans at June 30, 2018 and December 31, 2017 are as follows: June 30, December 31, 2018 2017 (Unaudited) (In thousands) Mortgage loans on real estate: One-to-four family first lien residential $ 98,517 $ 95,697 Residential construction 5,210 5,978 Home equity loans and lines of credit 7,662 7,706 Commercial 21,541 21,673 Total mortgage loans on real estate $ 132,930 $ 131,054 Commercial and industrial 10,842 8,312 Consumer loans 2,331 2,443 Total loans 146,103 141,809 Allowance for credit losses (1,242 ) (1,241 ) Net deferred loan origination costs 537 582 Net loans $ 145,398 $ 141,150 Loan Origination / Risk Management The Company has lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by frequently providing management with reports related to loan production, loan quality, loan delinquencies, non-performing and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions. Risk Characteristics of Portfolio Segments The risk characteristics within the loan portfolio vary depending on the loan segment. Consumer loans generally are repaid from personal sources of income. Risks associated with consumer loans primarily include general economic risks such as declines in the local economy creating higher rates of unemployment. Those conditions may also lead to a decline in collateral values should the Company be required to repossess the collateral securing consumer loans. These economic risks also impact the commercial loan segment, however commercial loans are considered to have greater risk than consumer loans as the primary source of repayment is from the cash flow of the business customer. Real estate loans, including residential mortgages, commercial, and home equity loans, comprise approximately 91% of the portfolio at June 30, 2018 and 92% of the portfolio at December 31, 2017. Loans secured by real estate provide collateral protection and thus significantly reduce the inherent risk in the portfolio. Management has reviewed its loan portfolio and determined that, to the best of its knowledge, little or no exposure exists to sub-prime or other high-risk residential mortgages. The Company is not in the practice of originating these types of loans. Description of Credit Quality Indicators Real estate, commercial and consumer loans are assigned a "Pass" rating unless a loan has demonstrated signs of weakness as indicated by the ratings below: • Special Mention: The relationship is protected but is potentially weak. These assets may constitute an undue and unwarranted credit risk but not to the point of justifying a substandard rating. All loans 60 days past due are classified Special Mention. The loan is not upgraded until it has been current for six consecutive months. • Substandard: The relationship is inadequately protected by the current sound worth and paying capacity of the obligor or the collateral pledge, if any. Assets so classified have a well-defined weakness or a weakness that jeopardized the liquidation of the debt. All loans 90 days past due are classified Substandard. The loan is not upgraded until it has been current for six consecutive months. • Doubtful: The relationship has all the weaknesses inherent in substandard with the added characteristic that the weaknesses make collection based on currently existing facts, conditions, and value, highly questionable or improbable. The possibility of some loss is extremely high. • Loss: Loans are considered uncollectible and of such little value that continuance as bankable assets are not warranted. It is not practicable or desirable to defer writing off this basically worthless asset even though partial recovery may be possible in the future. The risk ratings are evaluated at least annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial, real estate or consumer loans. The following table presents the classes of the loan portfolio, not including net deferred loan costs, summarized by the aggregate pass rating and the classified ratings within the Company's internal risk rating system as of June 30, 2018 and December 31, 2017. There were no doubtful accounts at June 30, 2018 or December 31, 2017. June 30, 2018 (Unaudited) (In thousands) Pass Special Substandard Loss Total Mortgage loans on real estate: One-to-four family first lien residential $ 98,517 $ - $ - $ - $ 98,517 Residential construction 5,210 - - - 5,210 Home equity loans and lines of credit 7,662 - - - 7,662 Commercial 20,501 - 1,040 - 21,541 Total mortgage loans on real estate 131,890 - 1,040 - 132,930 Commercial and industrial 10,614 - 228 10,842 Consumer loans 2,331 - - - 2,331 Total loans $ 144,835 $ - $ 1,268 $ - $ 146,103 December 31, 2017 (In thousands) Pass Special Substandard Loss Total Mortgage loans on real estate: One-to-four family first lien residential $ 95,697 $ - $ - $ - $ 95,697 Residential construction 5,978 - - - 5,978 Home equity loans and lines of credit 7,706 - - - 7,706 Commercial 19,985 - 1,688 - 21,673 Total mortgage loans on real estate 129,366 - 1,688 - 131,054 Commercial and industrial 7,944 77 291 8,312 Consumer loans 2,443 - - - 2,443 Total loans $ 139,753 $ 77 $ 1,979 $ - $ 141,809 Loans are considered past due if the required principal and interest payments have not been received within thirty days of the payment due date. An age analysis of past due loans, segregated by class of loans, are as follows: June 30, 2018 (Unaudited) (In thousands) 30-59 Days 60-89 Days 90 Days Past Total Past Current Total Loans Mortgage loans on real estate: One-to-four family first lien residential $ 1,207 $ 686 $ 706 $ 2,599 $ 95,918 $ 98,517 Residential construction - - - - 5,210 5,210 Home equity loans and lines of credit 17 - - 17 7,645 7,662 Commercial 163 119 - 282 21,259 21,541 Total mortgage loans on real estate 1,387 805 706 2,898 130,032 132,930 Commercial and industrial 20 - - 20 10,822 10,842 Consumer loans - - - - 2,331 2,331 Total loans $ 1,407 $ 805 $ 706 $ 2,918 $ 143,185 $ 146,103 December 31, 2017 (In thousands) 30-59 Days 60-89 Days 90 Days Past Total Past Current Total Loans Mortgage loans on real estate: One-to-four family first lien residential $ 740 $ 121 $ 1,177 $ 2,038 $ 93,659 $ 95,697 Residential construction - - - - 5,978 5,978 Home equity loans and lines of credit - - - - 7,706 7,706 Commercial 247 - - 247 21,426 21,673 Total mortgage loans on real estate 987 121 1,177 2,285 128,769 131,054 Commercial and industrial - - - - 8,312 8,312 Consumer loans 29 8 - 37 2,406 2,443 Total loans $ 1,016 $ 129 $ 1,177 $ 2,322 $ 139,487 $ 141,809 Nonaccrual loans, segregated by class of loan as of June 30, 2018 and December 31, 2017 are as follows: June 30, December 31, 2018 2017 (Unaudited) (In thousands) Mortgage loans on real estate $ 706 $ 1,177 Commercial and industrial loans - - Consumer loans - - Total nonaccrual loans $ 706 $ 1,177 The following table summarizes impaired loan information by portfolio class: June 30, 2018 (Unaudited) (In thousands) Recorded Unpaid Related With an allowance recorded: Mortgage loans on real estate $ 318 $ 318 $ 12 Commercial and industrial loans - - - 318 318 12 With no allowance recorded: Mortgage loans on real estate 1,409 388 - Commercial and industrial loans - - - 1,409 388 - Total $ 1,727 $ 706 $ 12 December 31, 2017 (In thousands) Recorded Unpaid Related With an allowance recorded: Mortgage loans on real estate $ 318 $ 318 $ 7 Commercial and industrial loans - - - 318 318 7 With no allowance recorded: Mortgage loans on real estate 1,640 1,640 - Commercial and industrial loans - - - 1,640 1,640 - Total $ 1,958 $ 1,958 $ 7 The following table presents the average recorded investment in impaired loans: June 30, December 31, 2018 2017 (Unaudited) (In thousands) Mortgage loans on real estate $ 1,843 $ 1,556 Commercial and industrial loans - 177 Total $ 1,843 $ 1,733 Troubled debt restructurings (“TDRs”) occur when we grant borrowers concessions that we would not otherwise grant but for economic or legal reasons pertaining to the borrower’s financial difficulties. A concession is made when the terms of the loan modification are more favorable than the terms the borrower would have received in the current market under similar financial difficulties. These concessions may include, interest by the borrower to satisfy all or part of the debt, or the addition of borrower(s). The Company identifies loans for potential TDRs primarily through direct communication with the borrower and evaluation of the borrower’s financial statements, revenue projections, tax returns, and credit reports. Even if the borrower is not presently in default, management will consider the likelihood that cash flow shortages, adverse economic conditions, and negative trends may result in a payment default in the near future. Generally, we will not return a TDR to accrual status until the borrower has demonstrated the ability to make principal and interest payments under the restructured terms for at least six consecutive months. The Company’s TDRs are impaired loans, which may result in specific allocations and subsequent charge-offs if appropriate. As of June 30, 2018, the Company modified two commercial mortgage loans valued together at $1.0 million that are considered TDRs. We modified the terms to interest only for a two year period. These loans are paying according to their modified terms and are classified as substandard and impaired. There were no loans considered to be TDRs at June 30, 2017. The following table presents interest income recognized on impaired loans for the three months ended June 30, 2018 and 2017: June 30, 2018 2017 (Unaudited) (In thousands) Mortgage loans on real estate - commercial $ 8 $ - Commercial and industrial loans - 4 Total $ 8 $ 4 The following table presents interest income recognized on impaired loans for the six months ended June 30, 2018 and 2017: June 30, 2018 2017 (Unaudited) (In thousands) Mortgage loans on real estate - commercial $ 18 $ 2 Commercial and industrial loans - 9 Total $ 18 $ 11 For the three months ended June 30, 2018 (Unaudited) (In thousands) Mortgage Loans Commercial and Industrial Loans Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 881 $ 129 $ 3 $ 238 $ 1,251 Charge-offs - - (9 ) - (9 ) Recoveries - - - - - Provision (14 ) (2 ) 11 5 - Ending balance $ 867 $ 127 $ 5 $ 243 $ 1,242 For the three months ended June 30, 2017 (Unaudited) (In thousands) Mortgage Loans Commercial and Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 863 $ 90 $ 4 $ 128 $ 1,085 Charge-offs - - - - - Recoveries - - - - - Provision 75 2 1 (28 ) 50 Ending balance $ 938 $ 92 $ 5 $ 100 $ 1,135 The following tables summarize the activity in the allowance for loan losses for the six months ended June 30, 2018 and 2017. For the six months ended June 30, 2018 (Unaudited) (In thousands) Mortgage Loans Commercial and Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 870 $ 116 $ 5 $ 250 $ 1,241 Charge-offs - - (9 ) - (9 ) Recoveries - - - - - Provision (3 ) 11 9 (7 ) 10 Ending balance $ 867 $ 127 $ 5 $ 243 $ 1,242 For the six months ended June 30, 2017 (Unaudited) (In thousands) Mortgage Loans Commercial and Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 862 $ 180 $ 5 $ 123 $ 1,170 Charge-offs (64 ) (61 ) - - (125 ) Recoveries - - - - - Provision 140 (27 ) - (23 ) 90 Ending balance $ 938 $ 92 $ 5 $ 100 $ 1,135

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
COMPREHENSIVE INCOME (LOSS)	5. COMPREHENSIVE INCOME (LOSS) The balances and changes in the components of accumulated other comprehensive loss, net of tax, are as follows: For the three months ended June 30, 2018 Unrealized Gains and Losses on Available-for-Sale Securities Unrealized Gains and Losses on Pension Plan Total (In thousands) Beginning Balance $ (443 ) $ (3,114 ) $ (3,557 ) Other comprehensive income (loss) (14 ) - (14 ) Ending Balance $ (457 ) $ (3,114 ) $ (3,571 ) For the three months ended June 30, 2017 Unrealized Gains and Losses on Available-for-Sale Securities Unrealized Gains and Losses on Pension Plan Total (In thousands) Beginning Balance $ (232 ) $ (2,514 ) $ (2,746 ) Other comprehensive income (loss) 157 - 157 Ending Balance $ (75 ) $ (2,514 ) $ (2,589 ) For the six months ended June 30, 2018 Unrealized Gains Unrealized Total (In thousands) Beginning Balance $ (206 ) $ (3,114 ) $ (3,320 ) Other comprehensive income (loss) (251 ) - (251 ) Ending Balance $ (457 ) $ (3,114 ) $ (3,571 ) For the six months ended June 30, 2017 Unrealized Gains Unrealized Total (In thousands) Beginning Balance $ (273 ) $ (2,514 ) $ (2,787 ) Other comprehensive income (loss) 198 - 198 Ending Balance $ (75 ) $ (2,514 ) $ (2,589 )

FAIR VALUE MEASUREMENT AND FAIR

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS	6. FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS Management uses its best judgment in estimating the fair value of the Company’s assets and liabilities; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all assets and liabilities, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective year-ends and have not been re-evaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of assets and liabilities subsequent to the respective reporting dates may be different than the amounts reported at each year-end. Accounting guidance establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical unrestricted assets or liabilities. Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported with little or no market activity). An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used are as follows: Total Level 1 Level 2 Level 3 (In thousands) Available-for-Sale Securities: June 30, 2018 (Unaudited): Municipal securities $ 9,688 $ - $ 9,688 $ - Mortgage-backed securities and collateralized mortgage obligations 11,917 - 11,917 - Corporate securities 5,342 - 5,342 - $ 26,947 $ - $ 26,947 $ - December 31, 2017: Municipal securities $ 9,038 $ - $ 9,038 $ - Mortgage-backed securities and collateralized mortgage obligations 10,216 - 10,216 - Corporate securities 2,843 - 2,843 - $ 22,097 $ - $ 22,097 $ - There were no securities transferred out of level 2 securities available-for-sale during the six months ended June 30, 2018 and the year ended December 31, 2017. Required disclosures include fair value information about financial instruments, whether or not recognized in the consolidated balance sheets, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate, and estimates of future cash flows. In that regard, the fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instrument. Certain financial instruments and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. FASB ASU Topic 820 fair value measurements and disclosures, the financial assets and liabilities were valued at a price that represents the Company’s exit price or the price at which these instruments would be sold or transferred. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of certain of the Company’s assets and liabilities at June 30, 2018 and December 31, 2017. Cash and due from banks The carrying amounts of these assets approximate their fair values. Investment Securities The fair value of securities available-for-sale (carried at fair value) are determined by matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather relying on the securities’ relationship to other benchmark quoted prices and is a Level 2 measurement. Investment in FHLBNY Stock The carrying value of FHLBNY stock approximates its fair value based on the redemption provisions of the FHLBNY stock, resulting in a Level 2 classification. Loans The fair values of loans held in portfolio are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans, resulting in a Level 3 classification. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments, and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Accrued Interest Receivable and Payable and Advances from Borrowers for Taxes and Insurance The carrying amount approximates fair value. Deposits The fair values disclosed for demand deposits (e.g., NOW accounts, non-interest checking, regular savings and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts), resulting in a Level 1 classification. The carrying amounts for variable-rate certificates of deposit approximate their fair values at the reporting date, resulting in a Level 1 classification. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits, resulting in a Level 2 classification. Advances and borrowings from FHLBNY The fair values of FHLBNY long-term borrowings are estimated using discounted cash flow analyses, based on the quoted rates for new FHLBNY advances with similar credit risk characteristics, terms and remaining maturity, resulting in a Level 2 classification. The carrying amounts and estimated fair values of the Company’s financial instruments at June 30, 2018 and December 31, 2017 are as follows: Fair Value Carrying Fair Hierarchy Amount Value (In thousands) June 30, 2018 (Unaudited): Financial assets: Cash and due from banks Level 1 $ 3,430 $ 3,430 Securities available-for-sale Level 2 26,947 26,947 Investment in FHLB stock Level 2 2,631 2,631 Loans, net Level 3 145,398 142,874 Accrued interest receivable Level 1 654 654 Financial liabilities: Deposits Level 1/2 132,805 128,732 Advances and borrowings from FHLB Level 2 29,750 29,750 Advances from borrowers for taxes and insurance Level 1 2,607 2,607 December 31, 2017: Financial assets: Cash and due from banks Level 1 $ 4,375 $ 4,375 Securities available-for-sale Level 2 22,097 22,097 Investment in FHLB stock Level 2 2,340 2,340 Loans, net Level 3 141,150 138,178 Accrued interest receivable Level 1 666 666 Financial liabilities: Deposits Level 1/2 129,596 127,610 Advances and borrowings from FHLB Level 2 24,500 24,500 Accrued interest payable Level 1 62 62 Advances from borrowers for taxes and insurance Level 1 1,957 1,957 Assets Measured at Fair Value on a Nonrecurring Basis In addition to disclosure of the fair value of assets on a recurring basis, ASC Topic 820 requires disclosures for assets and liabilities measured at fair value on a nonrecurring basis, such as impaired assets and foreclosed real estate. Loans are generally not recorded at fair value on a recurring basis. Periodically, the Company records nonrecurring adjustments to the carrying value of loans based on fair value measurements for partial charge-offs of the uncollectible portions of these loans. Nonrecurring adjustments also include certain impairment amounts for collateral-dependent loans calculated as required by ASC Topic 310, “Receivables- Loan Impairment For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at June 30, 2018 and December 31, 2017 were as follows: Total Level 1 Level 2 Level 3 (In thousands) June 30, 2018 (Unaudited): Impaired loans $ 306 $ - $ - $ 306 December 31, 2017: Impaired loans $ 311 $ - $ - $ 311 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Level 3 inputs were used to determine fair value: Quantitative Information about Level 3 Fair Value Measurements Valuation Unobservable Techniques Input Adjustment Impaired loans Lower of Appraisal appraisal of adjustments 10 % collateral or Discounted cash flow analysis asking price less selling costs Costs to sell 10 % Foreclosed real estate Market Costs to sell 10 % valuation of property At June 30, 2018, the fair value consists of impaired loan balances of $318,000, net of valuation allowance of $12,000 and at December 31, 2017, the fair value consists of loan balances of $318,000, net of a valuation allowance $7,000. At June 30, 2018 and December 31, 2017, there was no foreclosed real estate. Once a loan is foreclosed, the fair value of the real estate continues to be evaluated based upon the market value of the repossessed real estate originally securing the loan. At June 30, 2018 and December 31, 2017, there was no foreclosed real estate whose carrying value was written down utilizing Level 3 inputs. The recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction was $474,000 and $257,000 at June 30, 2018 and December 31, 2017, respectively.

OFF-BALANCE SHEET CREDIT RISK

OFF-BALANCE SHEET CREDIT RISK	6 Months Ended
	Jun. 30, 2018
Off Balance Sheet Credit Risk [Abstract]
OFF-BALANCE SHEET CREDIT RISK	7. OFF-BALANCE SHEET CREDIT RISK The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and involve, to varying degrees, elements of credit, market, and interest rate risk more than the amounts recognized in the consolidated statements of financial condition. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for loan commitments is represented by the contractual amount of these instruments. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. As of the dates indicated, the following financial instruments were outstanding whose contract amounts represent credit risk: Commitments to extend credit are agreements to lend to a customer if there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses. Since some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if deemed necessary by the Company, is based on management's credit evaluation of the customer. Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit are uncollateralized and usually do not contain a specified maturity date and may not be drawn upon to the total extent to which the Company is committed. June 30, December 31, 2018 2017 (Unaudited) (In thousands) Commitments to Grant Loans $ 1,679 $ 1,489 Unfunded Commitments Under Lines of Credit $ 5,224 $ 4,020

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	6 Months Ended
	Jun. 30, 2018
Regulatory Capital Requirements [Abstract]
REGULATORY CAPITAL REQUIREMENTS	8. REGULATORY CAPITAL REQUIREMENTS The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators, which if undertaken, could have a direct material effect on the Company'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 final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel III rules) became effective for the Bank on January 1, 2015 with full compliance with all the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. The Bank's capital amounts and classifications 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 minimum amounts and ratios set forth in the table below of total, Tier 1, and Tier 1 common equity capital (as defined in the regulations) to risk weighted assets (as defined), and of Tier 1 capital to average assets (as defined). Management believes, as of June 30, 2018, that the Bank met all capital adequacy requirements to which it is subject. The Basel III rules limit capital distributions and certain discretionary bonus payments to management if the institution does not hold a “capital conservation buffer” consisting of 2.5% of common equity Tier I capital to risk-weighted assets above the amount necessary to meet its minimum risk-based capital requirements. The capital conservation buffer requirement is being phased in beginning January 1, 2016 at 0.625% of risk-weighted assets and increasing each year until fully implemented at 2.5% on January 1, 2019. For 2018, the capital conservation buffer requirement is 1.875% of risk-weighted assets. As a result of the recently enacted Economic Growth, Regulatory Relief, and Consumer Protection Act, the federal banking agencies are required to develop a “Community Bank Leverage Ratio” (the ratio of a bank’s tangible equity capital to average total consolidated assets) for financial institutions with assets of less than $10 billion. A “qualifying community bank” that exceeds this ratio will be deemed to be in compliance with all other capital and leverage requirements, including the capital requirements to be considered “well capitalized” under Prompt Corrective Action statutes. The federal banking agencies may consider a financial institution’s risk profile when evaluating whether it qualifies as a community bank for purposes of the capital ratio requirement. The federal banking agencies must set the minimum capital for the new Community Bank Leverage Ratio at not less than 8% and not more than 10%. A financial institution can elect to be subject to this new definition. As of June 30, 2018, the most recent notification from the Office of the Comptroller of the Currency 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, Tier 1 common equity risk-based and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since that notification that management believes have changed the Bank's category. The Bank's actual capital amounts and ratios as of June 30, 2018 and December 31, 2017 are as follows: Actual Minimum Capital Minimum to be Well Amount Ratio Amount Ratio Amount Ratio (In thousands) As of June 30, 2018 (Unaudited): Total core capital to risk weighted assets $ 20,531 18.23 % $ 9,011 8.00 % $ 11,264 10.00 % Tier 1 capital to risk weighted assets 19,290 17.12 % 6,759 6.00 % 9,011 8.00 % Tier 1 common equity to risk weighted assets 19,290 17.12 % 5,069 4.50 % 7,322 6.50 % Tier 1 capital to assets 19,290 10.49 % 7,359 4.00 % 9,198 5.00 % As of December 31, 2017: Total core capital to risk weighted assets $ 20,154 18.53 % $ 8,700 8.00 % $ 10,875 10.00 % Tier 1 capital to risk weighted assets 18,913 17.39 % 6,525 6.00 % 8,700 8.00 % Tier 1 common equity to risk weighted assets 18,913 17.39 % 4,894 4.50 % 7,068 6.50 % Tier 1 capital to assets 18,913 10.70 % 7,071 4.00 % 8,838 5.00 %

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	6 Months Ended
	Jun. 30, 2018
Defined Benefit Plan [Abstract]
EMPLOYEE BENEFIT PLANS	9. EMPLOYEE BENEFIT PLANS Supplemental Executive Retirement Plan (SERP) Beginning in 2016, the Bank established a SERP for its executive officers. All benefits provided under the SERP are unfunded and, as the executive officers retire, the Company will make a payment to the participant. At June 30, 2018 and December 31, 2017, the Company recorded $67,000 and $50,000, respectively for the SERP in other liabilities. For the three months ended June 30, 2018 and 2017, the expense included in employee benefits for the SERP totaled $19,000 for both periods. For the six months ended June 30, 2018 and 2017, the expenses included in employee benefits for the SERP totaled $17,000 for both periods. Defined Benefit Plan The Company provides pension benefits for eligible employees through a noncontributory defined benefit pension plan. Substantially all employees participate in the retirement plan on a noncontributing basis and are fully vested after five years of service. The following tables present the components of the net periodic pension plan cost for the Company’s Defined Benefit Pension Plan (the “Pension Plan”) for the periods indicated: For the three months ended June 30, 2018 For the three months ended June 30, 2017 Service cost $ 83,750 $ 62,990 Interest cost 103,075 105,776 Expected return on assets (196,500 ) (176,280 ) Amortization of unrecognized loss 53,550 50,757 Net periodic pension cost $ 43,875 $ 43,243 For the six months ended June 30, 2018 For the six Service cost $ 167,500 $ 125,980 Interest cost 206,150 211,552 Expected return on assets (393,000 ) (352,560 ) Amortization of unrecognized loss 107,100 101,514 Net periodic pension cost $ 87,750 $ 86,486 The benefit obligation activity for the Pension Plan was calculated using an actuarial measurement date of January 1. Plan assets and the benefit obligations were calculated using an actuarial measurement date of December 31. The Company will assess the need for future annual contributions to the Pension Plan based upon its funded status and an evaluation of the future benefits to be provided thereunder. A contribution of $500,000 was made to the pension plan during the first three months of 2018. Employee stock ownership plan (“ESOP”) Effective upon the completion of the Company's initial public stock offering in October 2017, the Bank established an Employee Stock Ownership Plan (“ESOP”) for all eligible employees. The ESOP used $775,740 in proceeds from a term loan obtained from the Company to purchase 77,574 shares of common stock in the initial public offering at a price of $10.00 per share. The ESOP loan will be repaid principally from the Bank's contribution to the ESOP in annual payments through 2047 based on the prime rate of interest on the first business day each year. Shares are released to participants on a straight-line basis over the loan term and allocated based on participant compensation. The Bank recognizes compensation benefit expense as shares are committed for release at their current market price. The difference between the market price and the cost of shares committed to be released is recorded as an adjustment to additional paid-in capital. Dividends on allocated shares would be recorded as a reduction of retained earnings and dividends on unallocated shares would be recorded as a reduction of debt. The Company recognized $13,000 and $6,000 of compensation expense related to this plan for the six months and three months ended June 30, 2018, and 2017 respectively. At December 31, 2017, there were 76,993 shares not yet released having an aggregate market value of approximately $751,000. Participant vesting provisions for the ESOP are 20% per year and will be fully vested upon completion of six years of credited service. Eligible employees who were employed with the Bank shall receive credit for vesting purposes for each year of continuous employment prior to adoption of the ESOP.

EARNINGS PER SHARE COMMON

EARNINGS PER SHARE COMMON	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE COMMON	10. EARNINGS PER SHARE COMMON Basic earnings per share is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Net income available to common stockholders is net income to the Company. The Company has not granted any restricted stock awards or stock options and, during the six months ended June 30, 2018 and 2017, had no potentially dilutive common stock equivalents. Unallocated common shares held by the ESOP are not included in the weighted-average number of common shares outstanding for purposes of calculating earnings per common share until they are committed to be released. The following tables set forth the calculation of basic earnings per share. Three months ended June 30, (In thousands of dollars except per share data) 2018 2017 Basic earnings per common share: Net income available to common stockholders $ 193 $ 93 Weighted average common shares outstanding 1,902,261 N/A $ 0.10 N/A Six months ended June 30, (In thousands of dollars except per share data) 2018 2017 Basic earnings per common share: Net income available to common stockholders $ 360 $ 257 Weighted average common shares outstanding 1,902,585 N/A

NON-INTEREST INCOME

NON-INTEREST INCOME	6 Months Ended
	Jun. 30, 2018
Noninterest Income, Other [Abstract]
NON-INTEREST INCOME	11. NON-INTEREST INCOME During the six months ended June 30, 2018, the Company adopted the amendments of ASU 2014-09 – Revenue from Contracts with Customers (Topic 606) and all subsequent ASUs that modified Topic 606. The Company has included the following tables regarding the Company's non-interest income for the periods presented. For the three months ended June 30, 2018 2017 (In thousands) Service fees Deposit related fees $ 10 $ 11 Loan servicing income 21 15 Total service fees 31 26 Fee income Securities commission income 34 28 Insurance commission income 4 4 Total insurance and securities commission income 38 32 Card income Debit card interchange fee income 22 17 ATM fees 2 2 Insufficient fund fees 19 15 Total card and insufficient funds income 43 34 Realized gain on sale of residential mortgage loans and available-for-sale securities Realized gain on sales of residential mortgage loans 6 55 Realized gain on available-for-sale securities - 1 Total gain on sale of loans and securities 6 56 Bank owned life insurance 14 15 Other miscellaneous income 6 5 Total non-interest income $ 138 $ 168 For the six months ended June 30, 2018 2017 (In thousands) Service fees Deposit related fees $ 28 $ 27 Loan servicing income 41 29 Total service fees 69 56 Fee income Securities commission income 82 70 Insurance commission income 8 (1 ) Total insurance and securities commission income 90 69 Card income Debit card interchange fee income 39 33 ATM fees 4 3 Insufficient fund fees 28 30 Total card and insufficient funds income 71 66 Realized gain on sale of residential mortgage loans and available-for-sale securities Realized gain on sales of residential mortgage loans 7 73 Realized gain on available-for-sale securities - 1 Total gain on sale of loans and securities 7 74 Bank owned life insurance 28 32 Other miscellaneous income 13 15 Total non-interest income $ 278 $ 312 The Company recognizes revenue as it is earned and noted no impact to its revenue recognition policies as a result of the adoption of ASU 2014-09. The following is a discussion of key revenues within the scope of the new revenue guidance: · Service fees – Revenue from fees on deposit accounts is earned at the time that the charge is assessed to the customer's account. Fee waivers are discretionary and usually reversed within the same reporting period as assessed. · Fee income – Fee income is earned through commissions and is satisfied over the time which the fee has been assessed. · Card income and insufficient funds fees – Card income consists of interchange fees from consumer debit card networks and other card related services. Interchange rates are set by the card networks. Interchange fees are based on purchase volumes and other factors and are recognized as transactions occur. Insufficient funds fees are satisfied at the time the charge is assessed to the customer's account. · Realized gain on sale of residential mortgage loans and available-for-sale securities are realized at the time the transaction occurs.

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Seneca Financial Corp. (the “Company”), a federal corporation that was organized in 2017, is a savings and loan holding company of Seneca Savings (the “Bank”). The Bank maintains its executive offices and main branch in Baldwinsville, New York, with branches in Liverpool and North Syracuse, New York. The Bank is a community-oriented savings bank whose business primarily consists of accepting deposits from customers within its market area and investing those funds primarily in residential mortgage loans. The Bank has one wholly-owned subsidiary: Seneca Savings Insurance Agency, Inc. dba Financial Quest ("Quest"). Quest offers financial planning and investment advisory services and sells various insurance and investment products through broker networks. The consolidated financial statements of the Company include the accounts of Quest and the Bank. All significant intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited financial statements and notes thereto contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly, in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), the financial position of the Company as of June 30, 2018 and the results of its operations and its cash flows for the periods presented. The interim financial information should be read in conjunction with the annual financial statements and the notes thereto included in the Form 10-K of the Company. The results of operations at and for the three and six months ended June 30, 2018 and 2017 are not necessarily indicative of the results to be expected for the full year or any other period. Use of Estimates – The preparation of financial statements in conformity with U. S. GAAP 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 reported period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the estimation of fair values, pension plan and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income. Summary of Significant Accounting Policies – The accounting and reporting policies of the Company conform to U.S. GAAP and general practices within the banking industry. There have been no material changes or developments in the application of principles or in our evaluation of the accounting estimates and the underlying assumptions or methodologies that we believe to be Critical Accounting Policies as disclosed in the Company’s financial statements for the year ended December 31, 2017 included in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission on April 2, 2018.
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities. The amendment more closely aligns the interest income recorded on bonds held at a premium or a discount with the economics of the underlying instrument. Public companies will have to begin applying the revisions to FASB ASC 310-20, Receivables – Nonrefundable Fees and Other Costs, and the related amendments in their first fiscal years that start after December 15, 2018. The changes will have to be used for the quarterly reports for those years. The FASB issued the amendment in response to the concerns that were brought to it about the requirements in ASC 310-20 that sometimes forced bondholders to record a loss once a bond was called by its issuer. The amended guidance largely affects municipal bonds but also could affect the accounting treatment of some callable corporate debt. For Public Business Entities (“PBEs”) that are U.S. Securities and Exchange Commission (SEC) filers, such as the Company, the amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. All entities may adopt the amendments in this update earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. An entity will apply the amendments in this update through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The provisions of this new accounting standard are complex and will require substantial analysis prior to the ASU’s implementation. The Company’s management is currently in the process of evaluating the impact that this standard will have on its consolidated financial statements, however, management does not expect the adoption of this ASU to have a material impact on its consolidated financial statements and results of operations. In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) Under the new guidance a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with current U.S. GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee will depend primarily on its classification as a finance or an operating lease (i.e., the classification criteria for distinguishing between finance leases and operating leases are substantially similar to the classification criteria for distinguishing between capital leases and operating leases under the previous guidance). However, unlike current U.S. GAAP, which requires only capital leases to be recognized on the balance sheet, ASU No. 2016-02 will require both operating and finance leases to be recognized on the balance sheet. Additionally, the ASU will require disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. Lessor accounting will remain largely unchanged from current U.S. GAAP. However, the ASU contains some targeted improvements that are intended to align, where necessary, lessor accounting with the lessee accounting model and with the updated revenue recognition guidance issued in 2014. The amendments in ASU No. 2016-02 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, for (1) public business entities, (2) not-for-profit entities that have issued, or are conduit bond obligors for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market, and (3) employee benefit plans that file financial statements with the SEC. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and for interim periods within fiscal years beginning after December 15, 2020. Early application is permitted for all entities. The Company is currently evaluating the effects of the ASU 2016-02 on its consolidated financial statements and disclosures, if any. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”. The Company is continuing to evaluate the effect of the new guidance on revenue sources other than financial instruments on our financial position and consolidated results of operations. The Company’s revenue is primarily comprised of interest income on financial instruments, including investment securities and loans, which are excluded from the scope of ASU 2014-09. The Company adopted the standard in the current quarter. The most significant impact of the update for the Company was the additional disclosure requirements relating to non-interest income, specifically service charges and deposit-related fees. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities. The amendments in this update address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments in this update require all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee). The amendments in this update also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. In addition, the amendments in this update also simplify the impairment assessment of equity investments without readily determinable fair values by requiring assessment for impairment qualitatively at each reporting period. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2017, including interim periods with those fiscal years. The adoption had no impact on the consolidated financial statements and only impacted fair value measurement disclosures. In May 2018, the FASB issued ASU No. 2018-06, Codification Improvements to Topic 942, Financial Services - Depository and Lending In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting In June 2018, the FASB issued ASU No. 2018-08, Not for Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made In July 2018, the FASB issued ASU No. 2018-09, Codification Improvements In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842. Leases In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements which amends FASB Accounting Standards Codification (ASC) Topic 842, Leases

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and fair value of securities available-for-sale	Amortized Unrealized Unrealized Fair (In thousands) Available-for-sale Securities: June 30, 2018 (Unaudited): Municipal securities $ 9,922 $ 1 $ (235 ) $ 9,688 Mortgage-backed securities and collateralized mortgage obligations 12,248 - (331 ) 11,917 Corporate securities 5,356 14 (28 ) 5,342 $ 27,526 $ 15 $ (594 ) $ 26,947 December 31, 2017: Municipal securities $ 9,157 $ 9 $ (128 ) $ 9,038 Mortgage-backed securities and collateralized mortgage obligations 10,378 7 (169 ) 10,216 Corporate securities 2,823 20 - 2,843 $ 22,358 $ 36 $ (297 ) $ 22,097
Schedule of amortized cost and fair value of debt securities based on the contractual maturity	June 30, 2018 (Unaudited) December 31, 2017 Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Due in one year or less $ - $ - $ - $ - Due after one year through five years 2,797 2,788 783 783 Due after five years through ten years 7,205 7,135 6,523 6,512 Due after ten years 5,275 5,106 4,674 4,586 Mortgage-backed securities and collateralized mortgage obligations 12,249 11,918 10,378 10,216 $ 27,526 $ 26,947 $ 22,358 $ 22,097
Schedule of information of gross unrealized losses aggregated by investment category	Less than Twelve Months Twelve Months and Over Gross Fair Value Gross Fair Value (In thousands) June 30, 2018 (Unaudited): Municipal securities $ (72 ) $ 3,932 $ (163 ) $ 4,706 Mortgage-backed securities and collateralized mortgage obligations (86 ) 5,518 (245 ) 5,963 Corporate Securities (28 ) 3,523 - - $ (186 ) $ 12,973 $ (408 ) $ 10,669 December 31, 2017: Municipal securities $ (22 ) $ 3,335 $ (106 ) $ 4,545 Mortgage-backed securities and collateralized mortgage obligations (68 ) 6,282 (101 ) 3,420 $ (90 ) $ 9,617 $ (207 ) $ 7,965

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of net loans	June 30, December 31, 2018 2017 (Unaudited) (In thousands) Mortgage loans on real estate: One-to-four family first lien residential $ 98,517 $ 95,697 Residential construction 5,210 5,978 Home equity loans and lines of credit 7,662 7,706 Commercial 21,541 21,673 Total mortgage loans on real estate $ 132,930 $ 131,054 Commercial and industrial 10,842 8,312 Consumer loans 2,331 2,443 Total loans 146,103 141,809 Allowance for credit losses (1,242 ) (1,241 ) Net deferred loan origination costs 537 582 Net loans $ 145,398 $ 141,150
Schedule of classes of the loan portfolio	June 30, 2018 (Unaudited) (In thousands) Pass Special Mention Substandard Loss Total Mortgage loans on real estate: One-to-four family first lien residential $ 98,517 $ - $ - $ - $ 98,517 Residential construction 5,210 - - - 5,210 Home equity loans and lines of credit 7,662 - - - 7,662 Commercial 20,501 - 1,040 - 21,541 Total mortgage loans on real estate 131,890 - 1,040 - 132,930 Commercial and industrial 10,614 - 228 10,842 Consumer loans 2,331 - - - 2,331 Total loans $ 144,835 $ - $ 1,268 $ - $ 146,103 December 31, 2017 (In thousands) Pass Special Substandard Loss Total Mortgage loans on real estate: One-to-four family first lien residential $ 95,697 $ - $ - $ - $ 95,697 Residential construction 5,978 - - - 5,978 Home equity loans and lines of credit 7,706 - - - 7,706 Commercial 19,985 - 1,688 - 21,673 Total mortgage loans on real estate 129,366 - 1,688 - 131,054 Commercial and industrial 7,944 77 291 8,312 Consumer loans 2,443 - - - 2,443 Total loans $ 139,753 $ 77 $ 1,979 $ - $ 141,809
Schedule of age analysis of past due loans, segregated by class of loans	June 30, 2018 (Unaudited) (In thousands) 30-59 Days 60-89 Days 90 Days Past Total Past Current Total Loans Mortgage loans on real estate: One-to-four family first lien residential $ 1,207 $ 686 $ 706 $ 2,599 $ 95,918 $ 98,517 Residential construction - - - - 5,210 5,210 Home equity loans and lines of credit 17 - - 17 7,645 7,662 Commercial 163 119 - 282 21,259 21,541 Total mortgage loans on real estate 1,387 805 706 2,898 130,032 132,930 Commercial and industrial 20 - - 20 10,822 10,842 Consumer loans - - - - 2,331 2,331 Total loans $ 1,407 $ 805 $ 706 $ 2,918 $ 143,185 $ 146,103 December 31, 2017 (In thousands) 30-59 Days 60-89 Days 90 Days Past Total Past Current Total Loans Mortgage loans on real estate: One-to-four family first lien residential $ 740 $ 121 $ 1,177 $ 2,038 $ 93,659 $ 95,697 Residential construction - - - - 5,978 5,978 Home equity loans and lines of credit - - - - 7,706 7,706 Commercial 247 - - 247 21,426 21,673 Total mortgage loans on real estate 987 121 1,177 2,285 128,769 131,054 Commercial and industrial - - - - 8,312 8,312 Consumer loans 29 8 - 37 2,406 2,443 Total loans $ 1,016 $ 129 $ 1,177 $ 2,322 $ 139,487 $ 141,809
Schedule of nonaccrual loans, segregated by class of loan	June 30, December 31, 2018 2017 (Unaudited) (In thousands) Mortgage loans on real estate $ 706 $ 1,177 Commercial and industrial loans - - Consumer loans - - Total nonaccrual loans $ 706 $ 1,177
Schedule of summary of impaired loans by portfolio class	June 30, 2018 (Unaudited) (In thousands) Recorded Unpaid Related With an allowance recorded: Mortgage loans on real estate $ 318 $ 318 $ 12 Commercial and industrial loans - - - 318 318 12 With no allowance recorded: Mortgage loans on real estate 1,409 388 - Commercial and industrial loans - - - 1,409 388 - Total $ 1,727 $ 706 $ 12 December 31, 2017 (In thousands) Recorded Unpaid Related With an allowance recorded: Mortgage loans on real estate $ 318 $ 318 $ 7 Commercial and industrial loans - - - 318 318 7 With no allowance recorded: Mortgage loans on real estate 1,640 1,640 - Commercial and industrial loans - - - 1,640 1,640 - Total $ 1,958 $ 1,958 $ 7
Schedule of average recorded investment in impaired loans	June 30, December 31, 2018 2017 (Unaudited) (In thousands) Mortgage loans on real estate $ 1,843 $ 1,556 Commercial and industrial loans - 177 Total $ 1,843 $ 1,733
Schedule of interest income recognized on impaired loans	The following table presents interest income recognized on impaired loans for the three months ended June 30, 2018 and 2017: June 30, 2018 2017 (Unaudited) (In thousands) Mortgage loans on real estate - commercial $ 8 $ - Commercial and industrial loans - 4 Total $ 8 $ 4 The following table presents interest income recognized on impaired loans for the six months ended June 30, 2018 and 2017: June 30, 2018 2017 (Unaudited) (In thousands) Mortgage loans on real estate - commercial $ 18 $ 2 Commercial and industrial loans - 9 Total $ 18 $ 11
Schedule for changes in the allowance for loan losses	For the three months ended June 30, 2018 (Unaudited) (In thousands) Mortgage Loans Commercial and Industrial Loans Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 881 $ 129 $ 3 $ 238 $ 1,251 Charge-offs - - (9 ) - (9 ) Recoveries - - - - - Provision (14 ) (2 ) 11 5 - Ending balance $ 867 $ 127 $ 5 $ 243 $ 1,242 For the three months ended June 30, 2017 (Unaudited) (In thousands) Mortgage Loans Commercial and Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 863 $ 90 $ 4 $ 128 $ 1,085 Charge-offs - - - - - Recoveries - - - - - Provision 75 2 1 (28 ) 50 Ending balance $ 938 $ 92 $ 5 $ 100 $ 1,135 For the six months ended June 30, 2018 (Unaudited) (In thousands) Mortgage Loans Commercial and Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 870 $ 116 $ 5 $ 250 $ 1,241 Charge-offs - - (9 ) - (9 ) Recoveries - - - - - Provision (3 ) 11 9 (7 ) 10 Ending balance $ 867 $ 127 $ 5 $ 243 $ 1,242 For the six months ended June 30, 2017 (Unaudited) (In thousands) Mortgage Loans Commercial and Consumer Loans Unallocated Total Allowance for loan losses: Beginning balance $ 862 $ 180 $ 5 $ 123 $ 1,170 Charge-offs (64 ) (61 ) - - (125 ) Recoveries - - - - - Provision 140 (27 ) - (23 ) 90 Ending balance $ 938 $ 92 $ 5 $ 100 $ 1,135

COMPREHENSIVE INCOME (LOSS) (Ta

COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of balances and changes in components of accumulated other comprehensive loss, net of tax	For the three months ended June 30, 2018 Unrealized Gains and Losses on Available-for-Sale Securities Unrealized Gains and Losses on Pension Plan Total (In thousands) Beginning Balance $ (443 ) $ (3,114 ) $ (3,557 ) Other comprehensive income (loss) (14 ) - (14 ) Ending Balance $ (457 ) $ (3,114 ) $ (3,571 ) For the three months ended June 30, 2017 Unrealized Gains and Losses on Available-for-Sale Securities Unrealized Gains and Losses on Pension Plan Total (In thousands) Beginning Balance $ (232 ) $ (2,514 ) $ (2,746 ) Other comprehensive income (loss) 157 - 157 Ending Balance $ (75 ) $ (2,514 ) $ (2,589 ) For the six months ended June 30, 2018 Unrealized Gains Unrealized Total (In thousands) Beginning Balance $ (206 ) $ (3,114 ) $ (3,320 ) Other comprehensive income (loss) (251 ) - (251 ) Ending Balance $ (457 ) $ (3,114 ) $ (3,571 ) For the six months ended June 30, 2017 Unrealized Gains Unrealized Total (In thousands) Beginning Balance $ (273 ) $ (2,514 ) $ (2,787 ) Other comprehensive income (loss) 198 - 198 Ending Balance $ (75 ) $ (2,514 ) $ (2,589 )

FAIR VALUE MEASUREMENT AND FA23

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of financial assets measured at fair value on a recurring basis	Total Level 1 Level 2 Level 3 (In thousands) Available-for-Sale Securities: June 30, 2018 (Unaudited): Municipal securities $ 9,688 $ - $ 9,688 $ - Mortgage-backed securities and collateralized mortgage obligations 11,917 - 11,917 - Corporate securities 5,342 - 5,342 - $ 26,947 $ - $ 26,947 $ - December 31, 2017: Municipal securities $ 9,038 $ - $ 9,038 $ - Mortgage-backed securities and collateralized mortgage obligations 10,216 - 10,216 - Corporate securities 2,843 - 2,843 - $ 22,097 $ - $ 22,097 $ -
Schedule of carrying amounts and estimated fair values of financial instruments	Fair Value Carrying Fair Hierarchy Amount Value (In thousands) June 30, 2018 (Unaudited): Financial assets: Cash and due from banks Level 1 $ 3,430 $ 3,430 Securities available-for-sale Level 2 26,947 26,947 Investment in FHLB stock Level 2 2,631 2,631 Loans, net Level 3 145,398 142,874 Accrued interest receivable Level 1 654 654 Financial liabilities: Deposits Level 1/2 132,805 128,732 Advances and borrowings from FHLB Level 2 29,750 29,750 Advances from borrowers for taxes and insurance Level 1 2,607 2,607 December 31, 2017: Financial assets: Cash and due from banks Level 1 $ 4,375 $ 4,375 Securities available-for-sale Level 2 22,097 22,097 Investment in FHLB stock Level 2 2,340 2,340 Loans, net Level 3 141,150 138,178 Accrued interest receivable Level 1 666 666 Financial liabilities: Deposits Level 1/2 129,596 127,610 Advances and borrowings from FHLB Level 2 24,500 24,500 Accrued interest payable Level 1 62 62 Advances from borrowers for taxes and insurance Level 1 1,957 1,957
Schedule of assets measured at fair value on a nonrecurring basis	Total Level 1 Level 2 Level 3 (In thousands) June 30, 2018 (Unaudited): Impaired loans $ 306 $ - $ - $ 306 December 31, 2017: Impaired loans $ 311 $ - $ - $ 311
Schedule of quantitative information of assets measured at fair value on a nonrecurring basis	Quantitative Information about Valuation Unobservable Techniques Input Adjustment Impaired loans Lower of Appraisal appraisal of adjustments 10 % collateral or Discounted cash flow analysis asking price less selling costs Costs to sell 10 % Foreclosed real estate Market Costs to sell 10 % valuation of property

OFF-BALANCE SHEET CREDIT RISK (

OFF-BALANCE SHEET CREDIT RISK (Tables)	6 Months Ended
	Jun. 30, 2018
Off Balance Sheet Credit Risk [Abstract]
Schedule of outstanding contract amounts of off-balance sheet credit risk financial instruments	June 30, December 31, 2018 2017 (Unaudited) (In thousands) Commitments to Grant Loans $ 1,679 $ 1,489 Unfunded Commitments Under Lines of Credit $ 5,224 $ 4,020

REGULATORY CAPITAL REQUIREMEN25

REGULATORY CAPITAL REQUIREMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Regulatory Capital Requirements [Abstract]
Schedule of company's actual capital amounts and ratios	Actual Minimum Capital Minimum to be Well Amount Ratio Amount Ratio Amount Ratio (In thousands) As of June 30, 2018 (Unaudited): Total core capital to risk weighted assets $ 20,531 18.23 % $ 9,011 8.00 % $ 11,264 10.00 % Tier 1 capital to risk weighted assets 19,290 17.12 % 6,759 6.00 % 9,011 8.00 % Tier 1 common equity to risk weighted assets 19,290 17.12 % 5,069 4.50 % 7,322 6.50 % Tier 1 capital to assets 19,290 10.49 % 7,359 4.00 % 9,198 5.00 % As of December 31, 2017: Total core capital to risk weighted assets $ 20,154 18.53 % $ 8,700 8.00 % $ 10,875 10.00 % Tier 1 capital to risk weighted assets 18,913 17.39 % 6,525 6.00 % 8,700 8.00 % Tier 1 common equity to risk weighted assets 18,913 17.39 % 4,894 4.50 % 7,068 6.50 % Tier 1 capital to assets 18,913 10.70 % 7,071 4.00 % 8,838 5.00 %

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2018
Defined Benefit Plan [Abstract]
Schedule of net periodic pension plan cost	For the three months ended June 30, 2018 For the three months ended June 30, 2017 Service cost $ 83,750 $ 62,990 Interest cost 103,075 105,776 Expected return on assets (196,500 ) (176,280 ) Amortization of unrecognized loss 53,550 50,757 Net periodic pension cost $ 43,875 $ 43,243 For the six months ended June 30, 2018 For the six Service cost $ 167,500 $ 125,980 Interest cost 206,150 211,552 Expected return on assets (393,000 ) (352,560 ) Amortization of unrecognized loss 107,100 101,514 Net periodic pension cost $ 87,750 $ 86,486

EARNINGS PER SHARE COMMON (Tabl

EARNINGS PER SHARE COMMON (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of basic earnings per share	Three months ended June 30, (In thousands of dollars except per share data) 2018 2017 Basic earnings per common share: Net income available to common stockholders $ 193 $ 93 Weighted average common shares outstanding 1,902,261 N/A $ 0.10 N/A Six months ended June 30, (In thousands of dollars except per share data) 2018 2017 Basic earnings per common share: Net income available to common stockholders $ 360 $ 257 Weighted average common shares outstanding 1,902,585 N/A $ 0.19 N/A

NON-INTEREST INCOME (Tables)

NON-INTEREST INCOME (Tables)	6 Months Ended
	Jun. 30, 2018
Noninterest Income, Other [Abstract]
Schedule of non-interest income	For the three months ended June 30, 2018 2017 (In thousands) Service fees Deposit related fees $ 10 $ 11 Loan servicing income 21 15 Total service fees 31 26 Fee income Securities commission income 34 28 Insurance commission income 4 4 Total insurance and securities commission income 38 32 Card income Debit card interchange fee income 22 17 ATM fees 2 2 Insufficient fund fees 19 15 Total card and insufficient funds income 43 34 Realized gain on sale of residential mortgage loans and available-for-sale securities Realized gain on sales of residential mortgage loans 6 55 Realized gain on available-for-sale securities - 1 Total gain on sale of loans and securities 6 56 Bank owned life insurance 14 15 Other miscellaneous income 6 5 Total non-interest income $ 138 $ 168 For the six months ended June 30, 2018 2017 (In thousands) Service fees Deposit related fees $ 28 $ 27 Loan servicing income 41 29 Total service fees 69 56 Fee income Securities commission income 82 70 Insurance commission income 8 (1 ) Total insurance and securities commission income 90 69 Card income Debit card interchange fee income 39 33 ATM fees 4 3 Insufficient fund fees 28 30 Total card and insufficient funds income 71 66 Realized gain on sale of residential mortgage loans and available-for-sale securities Realized gain on sales of residential mortgage loans 7 73 Realized gain on available-for-sale securities - 1 Total gain on sale of loans and securities 7 74 Bank owned life insurance 28 32 Other miscellaneous income 13 15 Total non-interest income $ 278 $ 312

SECURITIES - Summary of amortiz

SECURITIES - Summary of amortized cost and fair values of securities, with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Available-for-sale Securities:
Amortized Cost	$ 27,526	$ 22,358
Unrealized Gains	15	36
Unrealized Losses	(594)	(297)
Total	26,947	22,097
Municipal securities
Available-for-sale Securities:
Amortized Cost	9,922	9,157
Unrealized Gains	1	9
Unrealized Losses	(235)	(128)
Total	9,688	9,038
Mortgage-backed securities and collateralized mortgage obligations
Available-for-sale Securities:
Amortized Cost	12,249	10,378
Unrealized Gains	0	7
Unrealized Losses	(331)	(169)
Total	11,918	10,216
Corporate securities
Available-for-sale Securities:
Amortized Cost	5,356	2,823
Unrealized Gains	14	20
Unrealized Losses	(28)	0
Total	$ 5,342	$ 2,843

SECURITIES - Summary of amort30

SECURITIES - Summary of amortized cost and fair value of debt securities by contractual maturity (Details 1) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Available for Sale, Amortized Cost
Due in one year or less	$ 0	$ 0
Due after one year through five years	2,797	783
Due after five years through ten years	7,205	6,523
Due after ten years	5,275	4,674
Amortized Cost	27,526	22,358
Available for Sale, Fair Value
Due in one year or less	0	0
Due after one year through five years	2,788	783
Due after five years through ten years	7,135	6,512
Due after ten years	5,106	4,586
Fair Value	26,947	22,097
Mortgage-backed securities and collateralized mortgage obligations
Available for Sale, Amortized Cost
Amortized Cost	12,249	10,378
Available for Sale, Fair Value
Fair Value	$ 11,918	$ 10,216

SECURITIES - Summary of securit

SECURITIES - Summary of securities in unrealized loss position (Details 2) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Gross Unrealized Losses	$ (186)	$ (90)
Less than Twelve Months, Fair Value	12,973	9,617
Over Twelve Months, Gross Unrealized Losses	(408)	(207)
Over Twelve Months, Fair Value	10,669	7,965
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Gross Unrealized Losses	(72)	(22)
Less than Twelve Months, Fair Value	3,932	3,335
Over Twelve Months, Gross Unrealized Losses	(163)	(106)
Over Twelve Months, Fair Value	4,706	4,545
Mortgage-backed securities and collateralized mortgage obligations
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Gross Unrealized Losses	(86)	(68)
Less than Twelve Months, Fair Value	5,518	6,282
Over Twelve Months, Gross Unrealized Losses	(245)	(101)
Over Twelve Months, Fair Value	5,963	$ 3,420
Corporate securities
Debt Securities, Available-for-sale [Line Items]
Less than Twelve Months, Gross Unrealized Losses	(28)
Less than Twelve Months, Fair Value	3,523
Over Twelve Months, Gross Unrealized Losses	0
Over Twelve Months, Fair Value	$ 0

SECURITIES (Detail Textuals)

SECURITIES (Detail Textuals)	6 Months Ended
	Jun. 30, 2018USD ($)Security	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)Security
Debt Securities, Available-for-sale [Line Items]
Carrying value of investment securities pledged to secure deposits | $	$ 10,900,000		$ 9,200,000
Gross realized gains on sale of available-for-sale securities | $	$ 0	$ 1,258
Gross realized losses on sale of available-for-sale securities | $		$ 118
Municipal securities
Debt Securities, Available-for-sale [Line Items]
Number of securities in a continuous loss position for more than twelve months	13		12
Number of securities in a continuous loss position for less than twelve months	13		9
Mortgage-backed security
Debt Securities, Available-for-sale [Line Items]
Number of securities in a continuous loss position for more than twelve months	9
Number of securities in a continuous loss position for less than twelve months	9		10
Collateralized mortgage obligations
Debt Securities, Available-for-sale [Line Items]
Number of securities in a continuous loss position for more than twelve months	9		5
Number of securities in a continuous loss position for less than twelve months	9		10
Corporate securities
Debt Securities, Available-for-sale [Line Items]
Number of securities in a continuous loss position for less than twelve months	7

LOANS - Components of net loans

LOANS - Components of net loans (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 146,103		$ 141,809
Allowance for credit losses	(1,242)	$ (1,251)	(1,241)	$ (1,135)	$ (1,085)	$ (1,170)
Net deferred loan origination costs	537		582
Net loans	145,398		141,150
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Total loans	2,331		2,443
Allowance for credit losses	(5)	(3)	(5)	(5)	(4)	(5)
Mortgage loans on real estate
Loans and Leases Receivable Disclosure [Line Items]
Total loans	132,930		131,054
Allowance for credit losses	(867)	(881)	(870)	(938)	(863)	(862)
Mortgage loans on real estate | Residential construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans	5,210		5,978
Mortgage loans on real estate | Home equity loans and lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Total loans	7,662		7,706
Mortgage loans on real estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	21,541		21,673
Mortgage loans on real estate | One-to-four family first lien residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	98,517		95,697
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Total loans	10,842		8,312
Allowance for credit losses	$ (127)	$ (129)	$ (116)	$ (92)	$ (90)	$ (180)

LOANS - Summary of internal ris

LOANS - Summary of internal risk rating of loans (Details 1) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 146,103	$ 141,809
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	144,835	139,753
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	77
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,268	1,979
Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Consumer loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,331	2,443
Consumer loans | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,331	2,443
Consumer loans | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Consumer loans | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Consumer loans | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	132,930	131,054
Mortgage loans on real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	131,890	129,366
Mortgage loans on real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,040	1,688
Mortgage loans on real estate | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | Residential construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,210	5,978
Mortgage loans on real estate | Residential construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,210	5,978
Mortgage loans on real estate | Residential construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | Residential construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | Residential construction | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | Home equity loans and lines of credit
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,662	7,706
Mortgage loans on real estate | Home equity loans and lines of credit | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,662	7,706
Mortgage loans on real estate | Home equity loans and lines of credit | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | Home equity loans and lines of credit | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | Home equity loans and lines of credit | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	21,541	21,673
Mortgage loans on real estate | Commercial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	20,501	19,985
Mortgage loans on real estate | Commercial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | Commercial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,040	1,688
Mortgage loans on real estate | Commercial | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | One-to-four family first lien residential
Financing Receivable, Recorded Investment [Line Items]
Total loans	98,517	95,697
Mortgage loans on real estate | One-to-four family first lien residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	98,517	95,697
Mortgage loans on real estate | One-to-four family first lien residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | One-to-four family first lien residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Mortgage loans on real estate | One-to-four family first lien residential | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	0
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Total loans	10,842	8,312
Commercial and industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	10,614	7,944
Commercial and industrial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	0	77
Commercial and industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	228	291
Commercial and industrial | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 0	$ 0

LOANS - Summary of age analysis

LOANS - Summary of age analysis of past due loans, segregated by class of loans (Details 2) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 2,918	$ 2,322
Current	143,185	139,487
Total Loans Receivable	146,103	141,809
Consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	37
Current	2,331	2,406
Total Loans Receivable	2,331	2,443
Mortgage loans on real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,898	2,285
Current	130,032	128,769
Total Loans Receivable	132,930	131,054
Mortgage loans on real estate | Residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	5,210	5,978
Total Loans Receivable	5,210	5,978
Mortgage loans on real estate | Home equity loans and lines of credit
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17	0
Current	7,645	7,706
Total Loans Receivable	7,662	7,706
Mortgage loans on real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	282	247
Current	21,259	21,426
Total Loans Receivable	21,541	21,673
Mortgage loans on real estate | One-to-four family first lien residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,599	2,038
Current	95,918	93,659
Total Loans Receivable	98,517	95,697
Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	20	0
Current	10,822	8,312
Total Loans Receivable	10,842	8,312
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,407	1,016
30-59 Days Past Due | Consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	29
30-59 Days Past Due | Mortgage loans on real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,387	987
30-59 Days Past Due | Mortgage loans on real estate | Residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
30-59 Days Past Due | Mortgage loans on real estate | Home equity loans and lines of credit
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17	0
30-59 Days Past Due | Mortgage loans on real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	163	247
30-59 Days Past Due | Mortgage loans on real estate | One-to-four family first lien residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,207	740
30-59 Days Past Due | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	20	0
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	805	129
60-89 Days Past Due | Consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	8
60-89 Days Past Due | Mortgage loans on real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	805	121
60-89 Days Past Due | Mortgage loans on real estate | Residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Mortgage loans on real estate | Home equity loans and lines of credit
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
60-89 Days Past Due | Mortgage loans on real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	119	0
60-89 Days Past Due | Mortgage loans on real estate | One-to-four family first lien residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	686	121
60-89 Days Past Due | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	706	1,177
90+ Days Past Due | Consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90+ Days Past Due | Mortgage loans on real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	706	1,177
90+ Days Past Due | Mortgage loans on real estate | Residential construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90+ Days Past Due | Mortgage loans on real estate | Home equity loans and lines of credit
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90+ Days Past Due | Mortgage loans on real estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
90+ Days Past Due | Mortgage loans on real estate | One-to-four family first lien residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	706	1,177
90+ Days Past Due | Commercial and industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 0	$ 0

LOANS - Summary of Nonaccrual l

LOANS - Summary of Nonaccrual loans (Details 3) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 706	$ 1,177
Mortgage loans on real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	706	1,177
Commercial and industrial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	0	0
Consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total nonaccrual loans	$ 0	$ 0

LOANS - Impaired loans informat

LOANS - Impaired loans information by portfolio class (Details 4) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
With an allowance recorded:
Recorded Investment	$ 318	$ 318
Unpaid Principal Balance	318	318
Related Allowance	12	7
With no allowance recorded:
Recorded Investment	1,409	1,640
Unpaid Principal Balance	388	1,640
Related Allowance	0	0
Total
Total Recorded Investment	1,727	1,958
Total Unpaid Principal Balance	706	1,958
Total Related Allowance	12	7
Mortgage loans on real estate
With an allowance recorded:
Recorded Investment	318	318
Unpaid Principal Balance	318	318
Related Allowance	12	7
With no allowance recorded:
Recorded Investment	1,409	1,640
Unpaid Principal Balance	388	1,640
Related Allowance	0	0
Commercial and industrial loans
With an allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	0	0
With no allowance recorded:
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Related Allowance	$ 0	$ 0

LOANS - Average recorded invest

LOANS - Average recorded investment in impaired loans (Details 5) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	$ 1,843	$ 1,733
Mortgage loans on real estate
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	1,843	1,556
Commercial and industrial loans
Financing Receivable, Impaired [Line Items]
Average recorded investment in impaired loans	$ 0	$ 177

LOANS - Interest income recogni

LOANS - Interest income recognized on impaired loans (Details 6) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Financing Receivable, Impaired [Line Items]
Interest income recognized on impaired loans	$ 8	$ 4	$ 18	$ 11
Mortgage loans on real estate
Financing Receivable, Impaired [Line Items]
Interest income recognized on impaired loans	8	0	18	2
Commercial and industrial loans
Financing Receivable, Impaired [Line Items]
Interest income recognized on impaired loans	$ 0	$ 4	$ 0	$ 9

LOANS - Changes in the allowanc

LOANS - Changes in the allowance for loan losses (Details 7) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Allowance for loan losses:
Beginning balance	$ 1,251	$ 1,085	$ 1,241	$ 1,170
Charge-offs	(9)		(9)	(125)
Recoveries			0	0
Provision	0	50	10	90
Ending balance	1,242	1,135	1,242	1,135
Mortgage loans on real estate
Allowance for loan losses:
Beginning balance	881	863	870	862
Charge-offs			0	(64)
Recoveries			0	0
Provision	(14)	75	(3)	140
Ending balance	867	938	867	938
Commercial and industrial loans
Allowance for loan losses:
Beginning balance	129	90	116	180
Charge-offs			0	(61)
Recoveries			0	0
Provision	(2)	2	11	(27)
Ending balance	127	92	127	92
Consumer loans
Allowance for loan losses:
Beginning balance	3	4	5	5
Charge-offs	(9)		(9)	0
Recoveries			0	0
Provision	11	1	9	0
Ending balance	5	5	5	5
Unallocated
Allowance for loan losses:
Beginning balance	238	128	250	123
Charge-offs			0	0
Recoveries			0	0
Provision	5	(28)	(7)	(23)
Ending balance	$ 243	$ 100	$ 243	$ 100

LOANS (Detail Textuals)

LOANS (Detail Textuals) - Mortgage loans on real estate $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2018USD ($)Loan	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Percentage of real estate loans	91.00%	92.00%
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Percentage of real estate loans	91.00%	92.00%
Number of loan considered to be troubled debt restructuring | Loan	2
Value of loan considered to be troubled debt restructuring | $	$ 1
Home equity loans and lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Percentage of real estate loans	91.00%	92.00%

COMPREHENSIVE INCOME (LOSS) - C

COMPREHENSIVE INCOME (LOSS) - Components of accumulated other comprehensive loss, net of tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (3,557)	$ (2,746)	$ (3,320)	$ (2,787)
Other comprehensive income (loss)	(14)	158	(251)	198
Ending balance	(3,571)	(2,589)	(3,571)	(2,589)
Unrealized Gains and Losses on Available-for-Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(443)	(232)	(206)	(273)
Other comprehensive income (loss)	(14)	157	(251)	198
Ending balance	(457)	(75)	(457)	(75)
Unrealized Gains and Losses on Pension Plan
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(3,114)	(2,514)	(3,114)	(2,514)
Other comprehensive income (loss)	0	0	0	0
Ending balance	$ (3,114)	$ (2,514)	$ (3,114)	$ (2,514)

FAIR VALUE MEASUREMENT AND FA43

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	$ 26,947	$ 22,097
Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	26,947	22,097
Recurring basis | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	9,688	9,038
Recurring basis | Mortgage-backed securities and collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	11,917	10,216
Recurring basis | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	5,342	2,843
Recurring basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	0	0
Recurring basis | Level 1 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	0	0
Recurring basis | Level 1 | Mortgage-backed securities and collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	0	0
Recurring basis | Level 1 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	0	0
Recurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	26,947	22,097
Recurring basis | Level 2 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	9,688	9,038
Recurring basis | Level 2 | Mortgage-backed securities and collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	11,917	10,216
Recurring basis | Level 2 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	5,342	2,843
Recurring basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	0	0
Recurring basis | Level 3 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	0	0
Recurring basis | Level 3 | Mortgage-backed securities and collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	0	0
Recurring basis | Level 3 | Corporate securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-Sale Securities	$ 0	$ 0

FAIR VALUE MEASUREMENT AND FA44

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying amounts and estimated fair values of financial instruments (Details 1) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Financial assets:
Cash and due from banks		$ 3,430	$ 4,375	$ 2,395	$ 1,762
Securities, available-for-sale		26,947	22,097
Investment in FHLB stock		2,631	2,340
Loans, net		145,398	141,150
Accrued interest receivable		654	666
Financial liabilities:
Deposits		132,805	129,596
Advances from borrowers for taxes and insurance		2,607	1,957
Carrying Amount
Financial assets:
Cash and due from banks	[1]	3,430	4,375
Securities, available-for-sale	[2]	26,947	22,097
Investment in FHLB stock	[2]	2,631	2,340
Loans, net	[3]	145,398	141,150
Accrued interest receivable	[1]	654	666
Financial liabilities:
Deposits	[1],[2]	132,805	129,596
Advances and borrowings from FHLB	[2]	29,750	24,500
Accrued interest payable	[1]		62
Advances from borrowers for taxes and insurance	[1]	2,607	1,957
Fair Value
Financial assets:
Cash and due from banks	[1]	3,430	4,375
Securities, available-for-sale	[2]	26,947	22,097
Investment in FHLB stock	[2]	2,631	2,340
Loans, net	[3]	142,874	138,178
Accrued interest receivable	[1]	654	666
Financial liabilities:
Deposits	[1],[2]	128,732	127,610
Advances and borrowings from FHLB	[2]	29,750	24,500
Accrued interest payable	[1]		62
Advances from borrowers for taxes and insurance	[1]	$ 2,607	$ 1,957
[1]	Level 1
[2]	Level 2
[3]	Level 3

FAIR VALUE MEASUREMENT AND FA45

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on a Nonrecurring Basis (Details 2) - Nonrecurring basis - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 306	$ 311
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 306	$ 311

FAIR VALUE MEASUREMENT AND FA46

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS - Quantitative information of assets measured at fair value on a nonrecurring basis (Details 3) - Nonrecurring basis - Level 3	Jun. 30, 2018
Market valuation of property | Costs to sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate measurement input	10
Lower of appraisal of collateral or asking price less selling costs | Appraisal adjustments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans measurement input	10
Lower of appraisal of collateral or asking price less selling costs | Discounted cash flow analysis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans measurement input	10
Lower of appraisal of collateral or asking price less selling costs | Costs to sell
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans measurement input	10

FAIR VALUE MEASUREMENT AND FA47

FAIR VALUE MEASUREMENT AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair value of impaired loan balance	$ 318,000	$ 318,000
Valuation allowance of impaired loans	12,000	7,000
Amount of foreclosures of mortgage loans on real estate	$ 474,000	$ 257,000

OFF-BALANCE SHEET CREDIT RISK -

OFF-BALANCE SHEET CREDIT RISK - Contract amounts of financial instruments represent credit risk (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Commitments to Grant Loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks, asset, face amount	$ 1,679	$ 1,489
Unfunded Commitments Under Lines of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks, liability, face amount	$ 5,224	$ 4,020

REGULATORY CAPITAL REQUIREMEN49

REGULATORY CAPITAL REQUIREMENTS - Actual capital amounts and ratios (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Regulatory Capital Requirements [Abstract]
Total core capital to risk weighted assets Amount	$ 20,531	$ 20,154
Total core capital to risk weighted assets Ratio	18.23%	18.53%
Total core capital to risk weighted assets Minimum Capital Requirement Amount	$ 9,011	$ 8,700
Total core capital to risk weighted assets Minimum Capital Requirement Ratio	8.00%	8.00%
Total core capital to risk weighted assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 11,264	$ 10,875
Total core capital to risk weighted assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 capital to risk weighted assets Amount	$ 19,290	$ 18,913
Tier 1 capital to risk weighted assets Ratio	17.12%	17.39%
Tier 1 capital to risk weighted assets Minimum Capital Requirement Amount	$ 6,759	$ 6,525
Tier 1 capital to risk weighted assets Minimum Capital Requirement Ratio	6.00%	6.00%
Tier 1 capital to risk weighted assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 9,011	$ 8,700
Tier 1 capital to risk weighted assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Tier 1 common equity to risk weighted assets Amount	$ 19,290	$ 18,913
Tier 1 common equity to risk weighted assets Ratio	17.12%	17.39%
Tier 1 common equity to risk weighted assets, Minimum Capital Requirement Amount	$ 5,069	$ 4,894
Tier 1 common equity to risk weighted assets, Minimum Capital Requirement Ratio	4.50%	4.50%
Tier 1 common equity to risk weighted assets, Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 7,322	$ 7,068
Tier 1 common equity to risk weighted assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 capital to assets Amount	$ 19,290	$ 18,913
Tier 1 capital to assets Ratio	10.49%	10.70%
Tier 1 capital to assets, Minimum Capital Requirement Amount	$ 7,359	$ 7,071
Tier 1 capital to assets, Minimum Capital Requirement Ratio	4.00%	4.00%
Tier 1 capital to assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 9,198	$ 8,838
Tier 1 capital to assets Minimum to be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

EMPLOYEE BENEFIT PLANS - Compon

EMPLOYEE BENEFIT PLANS - Components of net periodic pension plan cost for Association's Defined Benefit Pension Plan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Plan [Abstract]
Service cost	$ 83,750	$ 62,990	$ 167,500	$ 125,980
Interest cost	103,075	105,776	206,150	211,552
Expected return on assets	(196,500)	(176,280)	(393,000)	(352,560)
Amortization of unrecognized loss	53,550	50,757	107,100	101,514
Net periodic pension cost	$ 43,875	$ 43,243	$ 87,750	$ 86,486

EMPLOYEE BENEFIT PLANS (Detail

EMPLOYEE BENEFIT PLANS (Detail Textuals) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan vesting period				5 years		6 years
Proceeds from term loan				$ 775,740
Number of shares purchase	77,574			77,574
Share price (in dollars per share)	$ 10			$ 10
Compensation expense	$ 6,000			$ 13,000
Shares not yet released						76,993
Aggregate market value of shares not yet released						$ 751,000
Defined contribution plan vesting percentage						20.00%
Supplemental Executive Retirement Plan (SERP) | Executive Officer
Defined Benefit Plan Disclosure [Line Items]
Other liabilities included in SERP	67,000			67,000		$ 50,000
Expenses included in employee benefits	$ 19,000		$ 19,000	$ 17,000	$ 17,000
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Contribution made to the pension plan		$ 500,000

EARNINGS PER SHARE COMMON (Deta

EARNINGS PER SHARE COMMON (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Basic earnings per common share:
Net income available to common stockholders	$ 193	$ 93	$ 360	$ 257
Weighted average common shares outstanding	1,902,261		1,902,585
Earnings per share, basic	$ 0.10		$ 0.19

NON-INTEREST INCOME (Details)

NON-INTEREST INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Realized gain on sale of residential mortgage loans and available-for-sale securities
Realized gain on sales of residential mortgage loans	$ 6	$ 55	$ 7	$ 73
Realized gain on available-for-sale securities	0	1	0	1
Total gain on sale of loans and securities	6	56	7	74
Bank owned life insurance	14	15	28	32
Other miscellaneous income	6	5	13	15
Total non-interest income	138	168	278	312
Total service fees
Service fees, Fee income and Card income and insufficient funds fees	31	26	69	56
Deposit related fees
Service fees, Fee income and Card income and insufficient funds fees	10	11	28	27
Loan servicing income
Service fees, Fee income and Card income and insufficient funds fees	21	15	41	29
Total insurance and securities commission income
Service fees, Fee income and Card income and insufficient funds fees	38	32	90	69
Securities commission income
Service fees, Fee income and Card income and insufficient funds fees	34	28	82	70
Insurance commission income
Service fees, Fee income and Card income and insufficient funds fees	4	4	8	(1)
Total card and insufficient funds income
Service fees, Fee income and Card income and insufficient funds fees	43	34	71	66
Debit card interchange fee income
Service fees, Fee income and Card income and insufficient funds fees	22	17	39	33
ATM fees
Service fees, Fee income and Card income and insufficient funds fees	2	2	4	3
Insufficient fund fees
Service fees, Fee income and Card income and insufficient funds fees	$ 19	$ 15	$ 28	$ 30