Glen Burnie Bancorp (GLBZ) 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 09, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	GLEN BURNIE BANCORP
Entity Central Index Key	890,066
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock Shares Outstanding		2,801,149
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 4,371	$ 3,195
Interest-bearing deposits in other financial institutions	7,126	7,427
Cash and cash equivalents	11,497	10,622
Investment securities available for sale, at fair value	89,903	94,607
Restricted equity securities, at cost	1,228	1,230
Loans, net of deferred fees and costs	271,463	265,058
Less: Allowance for loan losses	(2,623)	(2,484)
Loans, net	268,840	262,574
Real estate acquired through foreclosure	114	114
Premises and equipment, at cost, less accumulated depreciation	3,451	3,638
Bank owned life insurance	9,479	9,328
Deferred tax assets, net	2,847	3,160
Accrued interest receivable	1,140	1,134
Accrued taxes receivable	638	674
Prepaid expenses	512	546
Other assets	235	814
Total Assets	389,884	388,441
LIABILITIES
Noninterest-bearing	104,571	100,099
Interest-bearing	229,534	233,147
Total Deposits	334,105	333,246
Short-term borrowings	20,000	10,000
Long-term borrowings		10,000
Defined pension liability	328	369
Accrued interest payable on deposits	815	1,011
Total liabilities	355,248	354,626
STOCKHOLDERS' EQUITY
Common stock, par value $1, authorized 15,000,000 shares, issued and outstanding 2,797,477 and 2,786,855 shares as of September 30, 2017 and December 31, 2016 , respectively.	2,797	2,787
Additional paid-in capital	10,233	10,130
Retained earnings	21,935	21,708
Accumulated other comprehensive loss, net of taxes	(329)	(810)
Total Stockholders' Equity	34,636	33,815
Total Liabilities and Stockholders' Equity	$ 389,884	$ 388,441

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	2,797,477	2,786,855
Common stock, shares outstanding	2,797,477	2,786,855

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
INTEREST INCOME
Loans, including fees	$ 2,883	$ 2,795	$ 8,503	$ 8,380
Interest and dividends on securities	498	492	1,523	1,467
Federal funds sold	53	31	115	91
Total interest income	3,434	3,318	10,141	9,938
INTEREST EXPENSE
Deposits	324	364	984	1,133
Short-term borrowings	142		309
Long-term borrowings	33	162	185	481
Total interest expense	499	526	1,478	1,614
Net interest income	2,935	2,792	8,663	8,324
Provision for credit losses	78	116	243	233
Net interest income after provision for credit losses	2,857	2,676	8,420	8,091
NONINTEREST INCOME
Service charges on deposit accounts	72	83	208	247
Other fees and commissions	245	191	573	521
Gains on investment securities, net			1	1
Income on life insurance	51	54	151	161
Other income		12	2	12
Total other income	368	340	935	942
NONINTEREST EXPENSE
Salaries and wages	1,579	1,743	4,615	4,782
Legal, accounting and other professional fees	180	173	648	595
Data processing and item processing services	130	184	442	519
FDIC insurance costs	64	79	188	232
Advertising and marketing related expenses	38	12	110	49
Loan collection costs	25	37	73	158
Telephone costs	98	50	212	145
Occupancy	382	272	865	801
Other expenses	217	406	944	1,023
Total other expenses	2,713	2,956	8,097	8,304
Income before income taxes	512	60	1,258	729
Income tax expense/benefit	101	(55)	194	23
NET INCOME	$ 411	$ 115	$ 1,064	$ 706
Basic and diluted earnings per share of common stock (in dollars per share)	$ 0.15	$ 0.04	$ 0.38	$ 0.25

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 411	$ 115	$ 1,064	$ 706
Net unrealized gains on securities available for sale:
Net unrealized (loss) gain on securities during the period	(67)	(304)	482	793
Reclassification adjustment for gain on sales of securities included in net income			(1)	(1)
Total other comprehensive (loss) income	(67)	(304)	481	792
Comprehensive income (loss)	$ 344	$ (189)	$ 1,545	$ 1,498

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Total
Balances at Dec. 31, 2015	$ 2,773	$ 9,986	$ 21,718	$ (301)	$ 34,176
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			706		706
Cash dividends, $.30 per share			(833)		(833)
Dividends reinvested under dividend reinvestment plan	10	111			121
Other comprehensive income, net of tax				791	791
Balances at Sep. 30, 2016	2,783	10,097	21,591	490	34,961
Balances at Dec. 31, 2016	2,787	10,130	21,708	(810)	33,815
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			1,064		1,064
Cash dividends, $.30 per share			(837)		(837)
Dividends reinvested under dividend reinvestment plan	10	103			113
Other comprehensive income, net of tax				481	481
Balances at Sep. 30, 2017	$ 2,797	$ 10,233	$ 21,935	$ (329)	$ 34,636

CONSOLIDATED STATEMENT OF CHAN7

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) (Parentheticals)	12 Months Ended
	Dec. 31, 2016$ / shares
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Cash dividends, per share	$ 0.30

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income	$ 1,064	$ 706
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation, amortization, and accretion	793	902
Provision for credit losses	243	233
Gains on disposals of assets, net	(1)	(2)
Provision on losses of other real estate owned		36
Income on investment in life insurance	(151)	(161)
Changes in assets and liabilities:
Decrease in ground rents	7
(Increase) decrease in accrued interest receivable	(6)	21
Decrease in other assets	955	82
(Decrease) increase in accrued interest payable	74	(5)
Increase (decrease) in other liabilities	(311)	313
Net cash provided by operating activities	2,667	2,125
Cash flows from investing activities:
Maturities and principal paydowns of available for sale mortgage-backed securities	9,603	13,524
Proceeds from sales of available for sale debt securities	3,010	3,767
Purchases of available for sale mortgage-backed securities		(8,187)
Purchases of other available for sale investment securities	(7,868)	(8,150)
Sale of FHLB stock	2	3
(Increase) decrease in loans, net	(6,509)	1,498
Proceeds from sales of other real estate		166
Purchases of premises and equipment	(165)	(207)
Net cash provided (used) by investing activities	(1,927)	2,414
Cash flows from financing activities:
Increase in noninterest-bearing deposits, NOW accounts, money market accounts, and savings accounts, net	8,022	9,396
(Decrease) increase in time deposits, net	(7,163)	(8,918)
Increase in short term borrowings	10,000
Decrease in long term borrowings	(10,000)
Cash dividends paid	(837)	(833)
Common stock dividends reinvested	113	121
Net cash (used) provided by financing activities	135	(234)
Increase in cash and cash equivalents	875	4,305
Cash and cash equivalents, beginning of year	10,622	12,371
Cash and cash equivalents, end of year	11,497	16,676
Supplementary cash flow information:
Interest paid on deposits and borrowings	499	526
Income Taxes Paid	$ 73	$ 80

ORGANIZATIONAL

ORGANIZATIONAL	9 Months Ended
	Sep. 30, 2017
ORGANIZATIONAL
ORGANIZATIONAL.	NOTE 1 – ORGANIZATIONAL Nature of Business. Glen Burnie Bancorp is a bank holding company organized in 1990 under the laws of the State of Maryland. Glen Burnie Bancorp owns all the outstanding shares of capital stock of The Bank of Glen Burnie, a commercial bank organized in 1949 under the laws of the State of Maryland, serving northern Anne Arundel County and surrounding areas from its main office and branch in Glen Burnie, Maryland, and branch offices in Odenton, Riviera Beach, Crownsville, Severn (two locations), Linthicum and Severna Park, Maryland. The Bank is engaged in the commercial and retail banking business as authorized by the banking statues of the State of Maryland, including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and corporations. The Bank’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. Commercial lending consists of both secured and unsecured loans. The Bank also originates automobile loans through arrangements with local automobile dealers.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2017
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 2 – BASIS OF PRESENTATION The consolidated financial statements include the accounts of Glen Burnie Bancorp and the Bank. All significant intercompany balances and transactions have been eliminated in consolidation. In management’s opinion, the accompanying unaudited consolidated financial statements, which have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim period reporting, reflect all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the financial position at September 30, 2017 and December 31, 2016, the results of operations for the three- and nine-month periods ended September 30, 2017 and 2016, and the statements of cash flows for the nine-month periods ended September 30, 2017 and 2016. The operating results of the three-month and nine-month periods ended September 30, 2017 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2017 or any future interim period. The condensed consolidated balance sheet at December 31, 2016 has been derived from the audited financial statements included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission (the “SEC”) on March 29, 2017. The unaudited consolidated financial statements for September 30, 2017 and 2016, the condensed consolidated balance sheet at December 31, 2016, and accompanying notes should be read in conjunction with the Company’s audited consolidated financial statements and the accompanying notes thereto that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. Reclassifications Certain items in the unaudited 2016 consolidated financial statements have been reclassified to conform to the 2017 classifications. The reclassifications had no effect on previously reported results of operations or retained earnings. Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses (the “allowance”); the fair value of financial instruments, such as loans and investment securities; benefit plan obligations and expenses; and the valuation of deferred tax assets and real estate acquired through foreclosure; and the estimate of expected cash flows for loans acquired with deteriorated credit quality.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2017
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 3 – EARNINGS PER SHARE Basic earnings per share of common stock are computed by dividing net earnings by the weighted average number of common shares outstanding during the period. Diluted earnings per share are calculated by including the average dilutive common stock equivalents outstanding during the periods. Dilutive common equivalent shares consist of stock options, calculated using the treasury stock method. Diluted earnings per share calculations were not required for the three- and nine-month periods ended September 30, 2017 and 2016, since there were no options outstanding. Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Basic: Net income $ 411,000 $ 115,000 $ 1,064,000 $ 706,000 Weighted average common shares outstanding 2,796,099 2,782,923 2,792,544 2,781,371 Basic net income per share $ 0.15 $ 0.04 $ 0.38 $ 0.25

LOANS AND ASSET QUALITY

LOANS AND ASSET QUALITY	9 Months Ended
	Sep. 30, 2017
LOANS AND ASSET QUALITY
LOANS AND ASSET QUALITY	NOTE 4 – LOANS AND ASSET QUALITY Asset Quality . The following tables set forth the amount of the Bank’s current, past due, and non-accrual loans by categories of loans and restructured loans, at the dates indicated. At September 30, 2017 90 Days or (dollars in thousands) 30-89 Days More and Current Past Due Still Accruing Nonaccrual Total Commercial and industrial $ 3,989 $ 8 $ — $ 48 $ 4,045 Commercial real estate 68,267 — — 499 68,766 Consumer and indirect 94,578 1,085 — 385 96,048 Residential real estate 100,256 326 71 2,934 103,587 $ 267,090 $ 1,419 $ 71 $ 3,866 $ 272,446 At December 31, 2016 90 Days or (dollars in thousands) 30-89 Days More and Current Past Due Still Accruing Nonaccrual Total Commercial and industrial $ 4,679 $ — $ — $ — $ 4,679 Commercial real estate 68,775 — — 647 69,422 Consumer and indirect 82,134 992 — 456 83,582 Residential real estate 103,941 1,798 36 2,648 108,423 $ 259,529 $ 2,790 $ 36 $ 3,751 $ 266,106 The balances in the above charts have not been reduced by the allowance for loan loss and the unearned income on loans. For the period ending September 30, 2017, the allowance for loan loss is $2.6 million and the unearned income is $983,000. For the period ending December 31, 2016, the allowance for loan loss is $2,484,000 and the unearned income is $1,048,000. September 30, December 31, 2017 2016 (dollars in thousands) Troubled debt restructured loans $ 299 $ 312 Non-accrual and 90 days or more and still accruing loans to gross loans 1.46 % 1.43 % Allowance for credit losses to non-accrual and 90 days or more and still accruing loans 66.10 % 65.59 % At September 30, 2017 there were three troubled debt restructured loans consisting of a commercial loan of $219,500, a residential real estate loan of $46,692 and a consumer loan of $32,696. The consumer and residential real estate loans are both on nonaccrual. At September 30, 2017, there was $1,088,970 in loans outstanding, included in the current and 30‑89 days past due columns in the above table, as to which known information about possible credit problems of borrowers caused management to have doubts as to the ability of such borrowers to comply with present loan repayment terms. Such loans consist of loans which were not 90 days or more past due but where the borrower is in bankruptcy or has a history of delinquency, or the loan to value ratio is considered excessive due to deterioration of the collateral or other factors. The three loans outstanding, totaling $1,088,0970 are as follows: $706,974 Commercial Real Estate loan where the guarantor is in bankruptcy and the loan has an accelerated payoff since we have an assignment of rents from the property which has a very long-term national tenant; $162,496 Home Equity Line of Credit which is paying as agreed, however the borrower has defaulted on other commercial loans which have been satisfied; and a $219,500 Commercial loan with a loan to value ratio which has deteriorated, which has a complete specific reserve of $219,500. All three of these loans are classified with a risk rating of Substandard. Non-accrual loans with specific reserves at September 30, 2017 are comprised of: Consumer loans – Three loans to three borrowers in the amount of $174,589 with a specific reserve of $57,797 established for the loans. Residential Real Estate – Two loans to two borrowers in the amount of $1,344,654, secured by residential property with a specific reserve of $532,378 established for the loans. Below is a summary of the recorded investment amount and related allowance for losses of the Bank’s impaired loans at September 30, 2017 and December 31, 2016. (dollars in thousands) Average Recorded Principal Income Specific Recorded September 30, 2017 Investment Balance Recognized Reserve Investment Impaired loans with specific reserves: Real-estate - mortgage: Residential $ 1,345 $ 1,374 $ — $ 532 $ 1,364 Commercial — — — — — Consumer 175 175 4 58 230 Installment — — — — — Home Equity — — — — — Commercial 219 219 8 220 224 Total impaired loans with specific reserves $ 1,739 $ 1,768 $ 12 $ 810 $ 1,818 Impaired loans with no specific reserve: Real-estate - mortgage: Residential $ 1,203 $ 2,011 $ 13 n/a $ 2,377 Commercial 1,312 1,312 29 n/a 1,244 Consumer 108 108 — n/a 104 Installment 146 146 — n/a 130 Home Equity — — — n/a — Commercial 529 529 — n/a 531 Total impaired loans with no specific reserve $ 3,298 $ 4,106 $ 42 — $ 4,386 (dollars in thousands) Unpaid Interest Average Recorded Principal Income Specific Recorded December 31, 2016 Investment Balance Recognized Reserve Investment Impaired loans with specific reserves: Real-estate - mortgage: Residential $ 1,393 $ 1,422 $ 58 $ 252 $ 1,442 Commercial — — — — — Consumer 128 128 — 50 167 Installment — — — — — Home Equity — — — — — Commercial 229 229 8 228 235 Total impaired loans with specific reserves $ 1,750 $ 1,779 $ 66 $ 530 $ 1,844 Impaired loans with no specific reserve: Real-estate - mortgage: Residential $ 1,479 $ 2,219 $ 21 n/a $ 2,463 Commercial 1,413 1,565 59 n/a 1,594 Consumer 182 182 — n/a 75 Installment 193 193 — n/a — Home Equity — — — n/a — Commercial — — — n/a — Total impaired loans with no specific reserve $ 3,267 $ 4,159 $ 80 — $ 4,132 Following are tables for September 2017 and December 2016 showing the provision for each group of loans. Commercial Consumer September 30, 2017 and Commercial and Residential (dollars in thousands) Industrial Real Estate Indirect Real Estate Unallocated Total Balance, beginning of year $ 284 $ 259 $ 876 $ 1,051 $ 14 $ 2,484 Provision for credit losses (37) 4 246 44 (14) 243 Recoveries — 14 212 27 — 253 Loans charged off — — (354) (3) — (357) Balance, end of year $ 247 $ 277 $ 980 $ 1,119 $ — $ 2,623 Individually evaluated for impairment: Balance in allowance $ 220 $ — $ 58 $ 532 $ — $ 810 Related loan balance 220 — 175 1,345 — 1,740 Collectively evaluated for impairment: Balance in allowance $ 27 $ 277 $ 922 $ 587 $ — $ 1,813 Related loan balance 3,824 68,766 95,873 102,242 — 270,705 Commercial Consumer December 31, and Commercial and Residential (dollars in thousands) Industrial Real Estate Indirect Real Estate Unallocated Total Balance, beginning of year $ 305 $ 262 $ 804 $ 1,631 $ 148 $ 3,150 Provision for credit losses (30) 361 431 240 (134) 868 Recoveries 9 — 336 34 — 379 Loans charged off — (364) (695) (854) — (1,913) Balance, end of year $ 284 $ 259 $ 876 $ 1,051 $ 14 $ 2,484 Individually evaluated for impairment: Balance in allowance $ 229 $ — $ 50 $ 252 $ — $ 531 Related loan balance 229 1,413 503 2,872 — 5,017 Collectively evaluated for impairment: Balance in allowance $ 56 $ 259 $ 826 $ 799 $ 13 $ 1,953 Related loan balance 4,451 68,009 83,078 105,552 — 261,090 Following is a table showing activity for non-accrual loans for the quarters ended September 30, 2017 and September 30, 2016. Commercial Consumer and Commercial and Residential Industrial Real Estate Indirect Real Estate Totals December 31, 2016 Balance — 647 456 2,648 3,751 Transfers into non-accrual 48 — 586 605 1,239 Transfers to OREO — — — — — Loans paid down/payoffs — (16) (144) (316) (476) Loans returned to accrual status — (132) (159) — (291) Loans charged off — — (354) (3) (357) September 30, 2017 48 499 385 2,934 3,866 December 31, 2015 — 300 831 2,575 3,706 Transfers into non-accrual — 325 759 103 1,187 Transfers to OREO — — — — — Loans paid down/payoffs — (10) (482) (354) (846) Loans returned to accrual status — — (177) (135) (312) Loans charged off — — (524) (854) (1,378) September 30, 2016 — 615 407 1,335 2,357 Credit Quality Information The following tables represent credit exposures by creditworthiness category for the quarter ending September 30, 2017 and the year ended December 31, 2016. The use of creditworthiness categories to grade loans permits management to estimate a portion of credit risk. The Bank’s internal creditworthiness is based on experience with similarly graded credits. Loans that trend upward toward higher credit grades typically have less credit risk and loans that migrate downward typically have more credit risk. The Bank’s internal risk ratings are as follows: 1 Superior – minimal risk. (normally supported by pledged deposits, United States government securities, etc.) 2 Above Average – low risk. (all of the risks associated with this credit based on each of the bank’s creditworthiness criteria are minimal) 3 Average – moderately low risk. (most of the risks associated with this credit based on each of the bank’s creditworthiness criteria are minimal) 4 Acceptable – moderate risk. (the weighted overall risk associated with this credit based on each of the bank’s creditworthiness criteria is acceptable) 5 Other Assets Especially Mentioned – moderately high risk. (possesses deficiencies which corrective action by the bank would remedy; potential watch list) 6 Substandard – (the bank is inadequately protected and there exists the distinct possibility of sustaining some loss if not corrected) 7 Doubtful – (weaknesses make collection or liquidation in full, based on currently existing facts, improbable) 8 Loss – (of little value; not warranted as a bankable asset) Loans rated 1‑4 are considered “Pass” for purposes of the risk rating chart below. Risk ratings of loans by categories of loans are as follows: September 30, 2017 Commercial Consumer and Commercial and Residential (dollars in thousands) Industrial Real Estate Indirect Real Estate Total Pass $ 3,825 $ 67,124 $ 94,619 $ 100,210 $ 265,778 Special mention — 437 834 479 1,750 Substandard 219 1,122 514 2,898 4,753 Doubtful — 83 82 — 165 Loss — — — — — $ 4,044 $ 68,766 $ 96,049 $ 103,587 $ 272,446 Non-accrual 48 499 385 2,934 3,866 Troubled debt restructures 219 — 33 47 299 Number of TDRs accounts 1 — 1 1 3 Non-performing TDRs — — 33 47 80 Number of non-performing TDR accounts — — 1 1 2 December 31, 2016 Commercial Consumer and Commercial and Residential (dollars in thousands) Industrial Real Estate Indirect Real Estate Total Pass $ 4,357 $ 64,208 $ 82,943 $ 105,225 $ 256,733 Special mention 94 3,801 276 527 4,698 Substandard 228 1,413 327 2,493 4,461 Doubtful — — 36 178 214 Loss — — — — — $ 4,679 $ 69,422 $ 83,582 $ 108,423 $ 266,106 Non-accrual — 647 456 2,648 3,751 Troubled debt restructures 228 — 36 48 312 Number of TDRs accounts 1 — 1 1 3 Non-performing TDRs — — 36 48 84 Number of non-performing TDR accounts — — 1 1 2

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2017
FAIR VALUE.
FAIR VALUE	NOTE 5 – FAIR VALUE ASC 820‑10 defines fair value, establishes a framework for measuring fair value and expands disclosure of fair value measurements. Fair Value Hierarchy ASC 820‑10 specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. In accordance with ASC 820‑10, these inputs are summarized in the three broad levels listed below: · Level 1 – Quoted prices in active markets for identical securities · Level 2 – Other significant observable inputs (including quoted prices in active markets for similar securities) · Level 3 – Significant unobservable inputs (including the Company’s own assumptions in determining the fair value of investments) In determining the appropriate levels, the Company performs a detailed analysis of the assets and liabilities that are subject to ASC 820 10. The Company’s bond holdings in the investment securities portfolio are the only asset or liability subject to fair value measurements on a recurring basis. The Bank may also be required, from time to time, to measure certain other financial and non-financial assets and liabilities at fair value on a non-recurring basis in accordance with GAAP. At September 30, 2017, these assets include 29 loans, excluding $226,000 of consumer and indirect loans, classified as impaired, which include nonaccrual, past due 90 days or more and still accruing, and a homogeneous pool of indirect loans all considered to be impaired loans, which are valued under Level 3 inputs. Loans which are deemed to be impaired ($5.0 million of loans with $810,000 of specific reserves as of September 30, 2017) and foreclosed real estate assets are primarily valued on a nonrecurring basis at the fair values of the underlying real estate collateral. The Company is predominantly a cash flow lender with real estate serving as collateral on a majority of loans ($3.8 million of the total impaired loans as of September 30, 2017). On a quarterly basis, the Company determines such fair values through a variety of data points and mostly rely on appraisals from independent appraisers. We obtain an appraisal on properties when they become impaired and have new appraisals at least every year. Typically, these appraisals do not include an inside inspection of the property as our loan documents do not require the borrower to allow access to the property. Therefore the most significant unobservable inputs is the details of the amenities included within the property and the condition of the property. Further, we cannot always accurately assess the amount of time it takes to gain ownership of our collateral through the foreclosure process and the damage, as well as potential looting, of the property further decreasing our value. Thus, in determining the fair values we discount the current independent appraisals, with a range from 0% to 16%, based on individual circumstances. The remaining impaired loans ($1.2 million with $292,000 of specific reserves as of September 30, 2017) include mobile homes, commercial, consumer, and indirect auto loans, which are valued based on the value of the underlying collateral. The changes in the assets subject to fair value measurements are summarized below by Level: Fair (dollars in thousands) Level 1 Level 2 Level 3 Value September 30, 2017 Recurring: Securities available for sale U.S. Treasury $ — $ 1,504 $ — $ 1,504 Agency — 1,992 — 1,992 State and Municipal — 36,835 — 36,835 Mortgaged-backed — 49,572 — 49,572 Non-recurring: Maryland Financial Bank stock — — 30 30 Impaired loans — — 4,227 4,227 OREO — 114 — 114 $ — $ 90,017 $ 4,257 $ 94,274 December 31, 2016 Recurring: Securities available for sale U.S. Treasury $ — $ 1,507 $ — $ 1,507 Agency — — — — State and Municipal — 33,845 — 33,845 Mortgaged-backed — 59,255 — 59,255 Non-recurring: Maryland Financial Bank stock — — 30 30 Impaired loans — — 2,891 2,891 OREO — 114 — 114 $ — $ 94,721 $ 2,921 $ 97,642 The estimated fair values of the Company’s financial instruments at September 30, 2017 and December 31, 2016 are summarized below. The fair values of a significant portion of these financial instruments are estimates derived using present value techniques and may not be indicative of the net realizable or liquidation values. Also, the calculation of estimated fair values is based on market conditions at a specific point in time and may not reflect current or future fair values. September 30, 2017 December 31, 2016 (dollars in thousands) Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Cash and due from banks $ 4,371 $ 4,371 $ 3,195 $ 3,195 Interest-bearing deposits in other financial institutions 7,117 7,117 4,230 4,230 Federal funds sold 9 9 3,197 3,197 Investment securities available for sale 89,903 89,903 94,607 94,607 Investments in restricted stock 30 30 1,230 1,230 Ground rents 156 156 164 164 Loans, less allowance for credit losses 268,840 266,254 262,574 259,017 Accrued interest receivable 1,140 1,140 1,134 1,134 Cash value of life insurance 9,479 9,479 9,328 9,328 Financial liabilities: Deposits 334,105 316,619 333,246 315,418 Long-term borrowings — — 10,000 10,257 Short-term borrowings 20,000 20,917 10,000 10,188 Dividends payable — — — — The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments. (dollars in thousands) Carrying Fair September 30, 2017 Amount Value Level 1 Level 2 Level 3 Financial instruments - Assets Cash and cash equivalents $ 11,497 $ 11,497 $ 11,497 — $ — Loans receivable, net 268,840 266,254 — — 266,254 Cash value of life insurance 9,479 9,479 — 9,479 — Financial instruments - Liabilities Deposits 334,105 316,619 219,478 97,141 — Long-term debt — — — — — Short-term debt 20,000 20,917 — 20,917 — Fair values are based on quoted market prices for similar instruments or estimated using discounted cash flows. The discounts used are estimated using comparable market rates for similar types of instruments adjusted to be commensurate with the credit risk, overhead costs and optionality of such instruments. The fair value of cash and due from banks, federal funds sold, investments in restricted stocks and accrued interest receivable are equal to the carrying amounts. The fair values of investment securities are determined using market quotations. The fair value of loans receivable is estimated using discounted cash flow analysis. The fair value of non-interest bearing deposits, interest-bearing checking, savings, and money market deposit accounts, securities sold under agreements to repurchase, and accrued interest payable are equal to the carrying amounts. The fair value of fixed-maturity time deposits is estimated using discounted cash flow analysis. The gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2017 and December 31, 2016 are as follows: September 30, 2017 Less than 12 months 12 months or more Total Securities available for sale: Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (dollars in thousands) U.S. Treasury $ 499 $ 1 $ — $ — $ 499 $ 1 Agency 1,992 7 848 12 2,840 19 State and Municipal 5,133 62 4,862 167 9,995 229 Mortgage Backed 33,466 422 9,446 232 42,912 654 $ 41,090 $ 492 $ 15,156 $ 411 $ 56,246 $ 903 December 31, 2016 Less than 12 months 12 months or more Total Securities available for sale: Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (dollars in thousands) U.S. Treasury $ — $ — $ — $ — $ — $ — Agency — — 986 16 986 16 State and Municipal 19,200 580 — — 19,200 580 Mortgage Backed 43,094 575 9,603 277 52,697 852 $ 62,294 $ 1,155 $ 10,589 $ 293 $ 72,883 $ 1,448 Declines in the fair value of held to maturity and available for sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary-impairment losses, management considers, among other things, (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, and (iii) the intent and ability of the Company to retain it’s investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. As of September 30, 2017, management had the ability and intent to hold the securities classified as available for sale for a period of time sufficient for a recovery of cost. On September 30, 2017, the Bank held 30 investment securities that were in a continuous unrealized loss position for more than 12 months. Management does not believe the securities are impaired due to reasons of credit quality. As of September 30, 2017, management believes the impairment detailed in the table above is temporary and no impairment loss has been recognized in the Company’s consolidated income statement.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 6 – RECENT ACCOUNTING PRONOUNCEMENTS The FASB has issued several exposure drafts which, if adopted, would significantly alter the Company’s (and all other financial institutions’) method of accounting for, and reporting, its financial assets and some liabilities from a historical cost method to a fair value method of accounting as well as the reported amount of net interest income. The Company has not determined the extent of the possible changes at this time. The exposure drafts are in different stages of review, approval and possible adoption. ASU 2014‑09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014‑09 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014‑09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014‑09 is effective for the Company on January 1, 2018. The Company is still evaluating the potential impact on the Company’s financial statements. ASU 2016‑1, “No. 2016‑01, Financial Instruments – Overall (Subtopic 825‑10): Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016‑1, among other things, (i) requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet, (iv) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, (v) requires 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, (vi) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements and (vii) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale. ASU 2016‑1 will be effective for us on January 1, 2018 and is not expected to have a significant impact on our financial statements. ASU 2016‑02 “Leases (Topic 842).” ASU 2016‑02 will, among other things, require lessees to recognize a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2016‑02 does not significantly change lease accounting requirements applicable to lessors; however, certain changes were made to align, where necessary, lessor accounting with the lessee accounting model and ASC Topic 606, “Revenue from Contracts with Customers.” ASU 2016‑2 will be effective for us on January 1, 2019 and will require transition using a modified retrospective approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The Company is currently evaluating the potential impact of ASU 2016‑02 on our financial statements. ASU 2016‑05 “Derivatives and Hedging (Topic 815) Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships.” ASU 2016‑05 clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument under ASC Topic 815 does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria continue to be met. ASU 2016‑05 was effective for us on January 1, 2017 and did not have a significant impact on our financial statements. ASU 2016‑07, “Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting.” The amendments affect all entities that have an investment that becomes qualified for the equity method of accounting as a result of an increase in the level of ownership interest or degree of influence. ASU 2016‑07 simplifies the transition to the equity method of accounting by eliminating retroactive adjustment of the investment when an investment qualifies for use of the equity method, among other things. ASU 2016‑07 was effective for us on January 1, 2017 and did not have a significant impact on our financial statements. ASU 2016‑08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net).” ASU 2016‑08 was issued to clarify certain principal versus agent considerations within the implementation guidance of ASC Topic 606, “Revenue from Contracts with Customers.” The effective date and transition of ASU 2016‑08 is the same as the effective date and transition of ASU 2014‑09, Revenue from Contracts with Customers (Topic 606) , as discussed above. The Company is currently evaluating the potential impact of ASU 2016‑08 on our financial statements. ASU 2016‑09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” Under ASU 2016‑09 all excess tax benefits and tax deficiencies related to share-based payment awards should be recognized as income tax expense or benefit in the income statement during the period in which they occur. Previously, such amounts were recorded in the pool of excess tax benefits included in additional paid-in capital, if such pool was available. Because excess tax benefits are no longer recognized in additional paid-in capital, the assumed proceeds from applying the treasury stock method when computing earnings per share should exclude the amount of excess tax benefits that would have previously been recognized in additional paid-in capital. Additionally, excess tax benefits should be classified along with other income tax cash flows as an operating activity rather than a financing activity, as was previously the case. ASU 2016‑09 also provides that an entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current GAAP) or account for forfeitures when they occur. ASU 2016‑09 changes the threshold to qualify for equity classification (rather than as a liability) to permit withholding up to the maximum statutory tax rates (rather than the minimum as was previously the case) in the applicable jurisdictions. ASU 2016‑09 was effective on January 1, 2017 and did not have a significant impact on our financial statements. ASU No. 2016‑10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.” ASU 2016‑10 was issued to clarify ASC Topic 606, “Revenue from Contracts with Customers” related to (i) identifying performance obligations; and (ii) the licensing implementation guidance. The effective date and transition of ASU 2016‑10 is the same as the effective date and transition of ASU 2014‑09, “Revenue from Contracts with Customers (Topic 606),” as discussed above. The Company is currently evaluating the potential impact of ASU 2016‑10 on our financial statements. ASU No. 2016‑12, “Revenue From Contracts With Customers (Topic 606) Narrow-Scope and Practical Expedients” which updated guidance intended to clarify the guidance previously issued in May 2014 related to the recognition of revenue from contracts with customers. The updated guidance includes narrow-scope improvements intended to address implementation issues and to provide additional practical expedients in the guidance. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2017, with early adoption permitted for interim and annual reporting periods beginning after December 15, 2016. The Company does not expect the adoption of this guidance to have a material impact on its condensed consolidated financial statements. ASU No. 2016‑13, “Financial Instruments—Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments” which updated guidance intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The updated guidance replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires the consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. The Company is currently assessing the impact of the new guidance on its condensed consolidated financial statements. ASU 2016‑15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016‑15”). This Accounting Standards Update addresses the following eight specific cash flow issues: Debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate- owned life insurance policies (COLIs) (including bank-owned life insurance policies (BOLIs)); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. ASU 2016‑15 is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early application is permitted, including adoption in an interim period. The Company does not expect the adoption of this guidance to have a material effect on the Company’s consolidated financial statements. ASU 2016‑16, “Income Taxes (Topic 740) - Intra-Entity Transfers of Assets Other Than Inventory.” ASU 2016‑16 provides guidance stating that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU 2016‑16 will be effective for us on January 1, 2018 and is not expected to have a significant impact on our financial statements. ASU 2016‑18, “Statement of Cash Flows (Topic 230) - Restricted Cash.” ASU 2016‑18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016‑18 will be effective for us on January 1, 2018 and is not expected to have a significant impact on our financial statements. ASU 2017‑01, “Business Combinations (Topic 805) - Clarifying the Definition of a Business.” ASU 2017‑01 clarifies the definition and provides a more robust framework to use in determining when a set of assets and activities constitutes a business. ASU 2017‑01 is intended to provide guidance when evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017‑01 will be effective for us on January 1, 2018 and is not expected to have a significant impact on our financial statements. ASU 2017‑08, “Premium Amortization on Purchased Callable Debt Securities.” This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. Today, entities generally amortize the premium over the contractual life of the security. The new guidance does not change the accounting for purchased callable debt securities held at a discount; the discount continues to be amortized to maturity. ASU No. 2017‑08 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. The guidance calls for a modified retrospective transition approach under which a cumulative-effect adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. The Company is currently evaluating the provisions of ASU No. 2017‑08 to determine the potential impact the new standard will have on the Company’s Consolidated Financial Statements. ASU 2017‑09, “Compensation-Stock Compensation (Topic 718): Scope of Modification”. ASU 2017‑09 was issued to provide clarity and reduce both 1) diversity in practice and 2) cost and complexity when applying the guidance in Topic 718, Compensation - Stock Compensation, to a change to the terms or conditions of a share-based payment award. Diversity in practice has arisen in part because some entities apply modification accounting under Topic 718 for modifications to terms and conditions that they consider substantive, but do not when they conclude that particular modifications are not substantive. Others apply modification accounting for any change to an award, except for changes that they consider purely administrative in nature. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive. ASU 2017‑09 include guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. ASU 2017‑09 is effective for the annual period, and interim periods within the annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period for: (a) public business entities for reporting periods for which financial statements have not yet been issued, and (b) all other entities for reporting periods for which financial statements have not yet been made available for issuance. ASU 2017‑09 should be applied prospectively to an award modified on or after the adoption date. The Company is currently in the process of evaluating the impact of ASU 2017‑09 on its consolidated financial statements, but does not expect the adoption of ASU 2017‑09 to have material impact on it consolidated financial statements.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Reclassifications	Reclassifications Certain items in the unaudited 2016 consolidated financial statements have been reclassified to conform to the 2017 classifications. The reclassifications had no effect on previously reported results of operations or retained earnings.
Use of Estimates	Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses (the “allowance”); the fair value of financial instruments, such as loans and investment securities; benefit plan obligations and expenses; and the valuation of deferred tax assets and real estate acquired through foreclosure; and the estimate of expected cash flows for loans acquired with deteriorated credit quality.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2017
EARNINGS PER SHARE
Schedule of earnings per common share	Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Basic: Net income $ 411,000 $ 115,000 $ 1,064,000 $ 706,000 Weighted average common shares outstanding 2,796,099 2,782,923 2,792,544 2,781,371 Basic net income per share $ 0.15 $ 0.04 $ 0.38 $ 0.25

LOANS AND ASSET QUALITY (Tables

LOANS AND ASSET QUALITY (Tables)	9 Months Ended
	Sep. 30, 2017
LOANS AND ASSET QUALITY
Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans	At September 30, 2017 90 Days or (dollars in thousands) 30-89 Days More and Current Past Due Still Accruing Nonaccrual Total Commercial and industrial $ 3,989 $ 8 $ — $ 48 $ 4,045 Commercial real estate 68,267 — — 499 68,766 Consumer and indirect 94,578 1,085 — 385 96,048 Residential real estate 100,256 326 71 2,934 103,587 $ 267,090 $ 1,419 $ 71 $ 3,866 $ 272,446 At December 31, 2016 90 Days or (dollars in thousands) 30-89 Days More and Current Past Due Still Accruing Nonaccrual Total Commercial and industrial $ 4,679 $ — $ — $ — $ 4,679 Commercial real estate 68,775 — — 647 69,422 Consumer and indirect 82,134 992 — 456 83,582 Residential real estate 103,941 1,798 36 2,648 108,423 $ 259,529 $ 2,790 $ 36 $ 3,751 $ 266,106
Schedule of allowance for loan loss and the unearned income on loans	September 30, December 31, 2017 2016 (dollars in thousands) Troubled debt restructured loans $ 299 $ 312 Non-accrual and 90 days or more and still accruing loans to gross loans 1.46 % 1.43 % Allowance for credit losses to non-accrual and 90 days or more and still accruing loans 66.10 % 65.59 %
Schedule of impaired financing receivables	(dollars in thousands) Average Recorded Principal Income Specific Recorded September 30, 2017 Investment Balance Recognized Reserve Investment Impaired loans with specific reserves: Real-estate - mortgage: Residential $ 1,345 $ 1,374 $ — $ 532 $ 1,364 Commercial — — — — — Consumer 175 175 4 58 230 Installment — — — — — Home Equity — — — — — Commercial 219 219 8 220 224 Total impaired loans with specific reserves $ 1,739 $ 1,768 $ 12 $ 810 $ 1,818 Impaired loans with no specific reserve: Real-estate - mortgage: Residential $ 1,203 $ 2,011 $ 13 n/a $ 2,377 Commercial 1,312 1,312 29 n/a 1,244 Consumer 108 108 — n/a 104 Installment 146 146 — n/a 130 Home Equity — — — n/a — Commercial 529 529 — n/a 531 Total impaired loans with no specific reserve $ 3,298 $ 4,106 $ 42 — $ 4,386 (dollars in thousands) Unpaid Interest Average Recorded Principal Income Specific Recorded December 31, 2016 Investment Balance Recognized Reserve Investment Impaired loans with specific reserves: Real-estate - mortgage: Residential $ 1,393 $ 1,422 $ 58 $ 252 $ 1,442 Commercial — — — — — Consumer 128 128 — 50 167 Installment — — — — — Home Equity — — — — — Commercial 229 229 8 228 235 Total impaired loans with specific reserves $ 1,750 $ 1,779 $ 66 $ 530 $ 1,844 Impaired loans with no specific reserve: Real-estate - mortgage: Residential $ 1,479 $ 2,219 $ 21 n/a $ 2,463 Commercial 1,413 1,565 59 n/a 1,594 Consumer 182 182 — n/a 75 Installment 193 193 — n/a — Home Equity — — — n/a — Commercial — — — n/a — Total impaired loans with no specific reserve $ 3,267 $ 4,159 $ 80 — $ 4,132
Schedule of total allowance by loan segment	Commercial Consumer September 30, 2017 and Commercial and Residential (dollars in thousands) Industrial Real Estate Indirect Real Estate Unallocated Total Balance, beginning of year $ 284 $ 259 $ 876 $ 1,051 $ 14 $ 2,484 Provision for credit losses (37) 4 246 44 (14) 243 Recoveries — 14 212 27 — 253 Loans charged off — — (354) (3) — (357) Balance, end of year $ 247 $ 277 $ 980 $ 1,119 $ — $ 2,623 Individually evaluated for impairment: Balance in allowance $ 220 $ — $ 58 $ 532 $ — $ 810 Related loan balance 220 — 175 1,345 — 1,740 Collectively evaluated for impairment: Balance in allowance $ 27 $ 277 $ 922 $ 587 $ — $ 1,813 Related loan balance 3,824 68,766 95,873 102,242 — 270,705 Commercial Consumer December 31, and Commercial and Residential (dollars in thousands) Industrial Real Estate Indirect Real Estate Unallocated Total Balance, beginning of year $ 305 $ 262 $ 804 $ 1,631 $ 148 $ 3,150 Provision for credit losses (30) 361 431 240 (134) 868 Recoveries 9 — 336 34 — 379 Loans charged off — (364) (695) (854) — (1,913) Balance, end of year $ 284 $ 259 $ 876 $ 1,051 $ 14 $ 2,484 Individually evaluated for impairment: Balance in allowance $ 229 $ — $ 50 $ 252 $ — $ 531 Related loan balance 229 1,413 503 2,872 — 5,017 Collectively evaluated for impairment: Balance in allowance $ 56 $ 259 $ 826 $ 799 $ 13 $ 1,953 Related loan balance 4,451 68,009 83,078 105,552 — 261,090
Schedule of non accrual loans	Commercial Consumer and Commercial and Residential Industrial Real Estate Indirect Real Estate Totals December 31, 2016 Balance — 647 456 2,648 3,751 Transfers into non-accrual 48 — 586 605 1,239 Transfers to OREO — — — — — Loans paid down/payoffs — (16) (144) (316) (476) Loans returned to accrual status — (132) (159) — (291) Loans charged off — — (354) (3) (357) September 30, 2017 48 499 385 2,934 3,866 December 31, 2015 — 300 831 2,575 3,706 Transfers into non-accrual — 325 759 103 1,187 Transfers to OREO — — — — — Loans paid down/payoffs — (10) (482) (354) (846) Loans returned to accrual status — — (177) (135) (312) Loans charged off — — (524) (854) (1,378) September 30, 2016 — 615 407 1,335 2,357
Schedule of risk ratings of loans by categories of loans	September 30, 2017 Commercial Consumer and Commercial and Residential (dollars in thousands) Industrial Real Estate Indirect Real Estate Total Pass $ 3,825 $ 67,124 $ 94,619 $ 100,210 $ 265,778 Special mention — 437 834 479 1,750 Substandard 219 1,122 514 2,898 4,753 Doubtful — 83 82 — 165 Loss — — — — — $ 4,044 $ 68,766 $ 96,049 $ 103,587 $ 272,446 Non-accrual 48 499 385 2,934 3,866 Troubled debt restructures 219 — 33 47 299 Number of TDRs accounts 1 — 1 1 3 Non-performing TDRs — — 33 47 80 Number of non-performing TDR accounts — — 1 1 2 December 31, 2016 Commercial Consumer and Commercial and Residential (dollars in thousands) Industrial Real Estate Indirect Real Estate Total Pass $ 4,357 $ 64,208 $ 82,943 $ 105,225 $ 256,733 Special mention 94 3,801 276 527 4,698 Substandard 228 1,413 327 2,493 4,461 Doubtful — — 36 178 214 Loss — — — — — $ 4,679 $ 69,422 $ 83,582 $ 108,423 $ 266,106 Non-accrual — 647 456 2,648 3,751 Troubled debt restructures 228 — 36 48 312 Number of TDRs accounts 1 — 1 1 3 Non-performing TDRs — — 36 48 84 Number of non-performing TDR accounts — — 1 1 2

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2017
FAIR VALUE.
Schedule of changes in asset subject to fair value measurement by Level	Fair (dollars in thousands) Level 1 Level 2 Level 3 Value September 30, 2017 Recurring: Securities available for sale U.S. Treasury $ — $ 1,504 $ — $ 1,504 Agency — 1,992 — 1,992 State and Municipal — 36,835 — 36,835 Mortgaged-backed — 49,572 — 49,572 Non-recurring: Maryland Financial Bank stock — — 30 30 Impaired loans — — 4,227 4,227 OREO — 114 — 114 $ — $ 90,017 $ 4,257 $ 94,274 December 31, 2016 Recurring: Securities available for sale U.S. Treasury $ — $ 1,507 $ — $ 1,507 Agency — — — — State and Municipal — 33,845 — 33,845 Mortgaged-backed — 59,255 — 59,255 Non-recurring: Maryland Financial Bank stock — — 30 30 Impaired loans — — 2,891 2,891 OREO — 114 — 114 $ — $ 94,721 $ 2,921 $ 97,642
Schedule of estimated fair values of financial instruments	September 30, 2017 December 31, 2016 (dollars in thousands) Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Cash and due from banks $ 4,371 $ 4,371 $ 3,195 $ 3,195 Interest-bearing deposits in other financial institutions 7,117 7,117 4,230 4,230 Federal funds sold 9 9 3,197 3,197 Investment securities available for sale 89,903 89,903 94,607 94,607 Investments in restricted stock 30 30 1,230 1,230 Ground rents 156 156 164 164 Loans, less allowance for credit losses 268,840 266,254 262,574 259,017 Accrued interest receivable 1,140 1,140 1,134 1,134 Cash value of life insurance 9,479 9,479 9,328 9,328 Financial liabilities: Deposits 334,105 316,619 333,246 315,418 Long-term borrowings — — 10,000 10,257 Short-term borrowings 20,000 20,917 10,000 10,188 Dividends payable — — — —
Schedule of fair value hierarchy of financial instruments	(dollars in thousands) Carrying Fair September 30, 2017 Amount Value Level 1 Level 2 Level 3 Financial instruments - Assets Cash and cash equivalents $ 11,497 $ 11,497 $ 11,497 — $ — Loans receivable, net 268,840 266,254 — — 266,254 Cash value of life insurance 9,479 9,479 — 9,479 — Financial instruments - Liabilities Deposits 334,105 316,619 219,478 97,141 — Long-term debt — — — — — Short-term debt 20,000 20,917 — 20,917 —
Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time in continuous unrealized loss position	The gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2017 and December 31, 2016 are as follows: September 30, 2017 Less than 12 months 12 months or more Total Securities available for sale: Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (dollars in thousands) U.S. Treasury $ 499 $ 1 $ — $ — $ 499 $ 1 Agency 1,992 7 848 12 2,840 19 State and Municipal 5,133 62 4,862 167 9,995 229 Mortgage Backed 33,466 422 9,446 232 42,912 654 $ 41,090 $ 492 $ 15,156 $ 411 $ 56,246 $ 903 December 31, 2016 Less than 12 months 12 months or more Total Securities available for sale: Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss (dollars in thousands) U.S. Treasury $ — $ — $ — $ — $ — $ — Agency — — 986 16 986 16 State and Municipal 19,200 580 — — 19,200 580 Mortgage Backed 43,094 575 9,603 277 52,697 852 $ 62,294 $ 1,155 $ 10,589 $ 293 $ 72,883 $ 1,448

EARNINGS PER SHARE - Basic earn

EARNINGS PER SHARE - Basic earnings per share of common stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Basic and diluted:
Net income	$ 411	$ 115	$ 1,064	$ 706
Weighted average common shares outstanding (in shares)	2,796,099	2,782,923	2,792,544	2,781,371
Basic net income per share (in dollars per share)	$ 0.15	$ 0.04	$ 0.38	$ 0.25

LOANS AND ASSET QUALITY - Curre

LOANS AND ASSET QUALITY - Current, past due, and non-accrual loans by categories of loans and restructured loans (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 267,090	$ 259,529
Past Due		2,790
90 Days or More and Still Accruing	71	36
Non-accrual	3,866	3,751	$ 2,357	$ 3,706
Total	272,446	266,106
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1,419
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	3,989	4,679
Non-accrual	48
Total	4,045	4,679
Commercial and Industrial | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	8
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	68,267	68,775
Non-accrual	499	647	615	300
Total	68,766	69,422
Consumer and indirect
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	94,578	82,134
Past Due		992
Non-accrual	385	456
Total	96,048	83,582
Consumer and indirect | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1,085
Residential Real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	100,256	103,941
Past Due		1,798
90 Days or More and Still Accruing	71	36
Non-accrual	2,934	2,648	$ 1,335	$ 2,575
Total	103,587	$ 108,423
Residential Real estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	$ 326

LOANS AND ASSET QUALITY - Summa

LOANS AND ASSET QUALITY - Summary of Allowance for credit losses (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
LOANS AND ASSET QUALITY
Troubled debt restructured loans	$ 299	$ 312
Non-accrual and 90 days or more and still accruing loans to gross loans	1.46%	1.43%
Allowance for credit losses to non-accrual and 90 days or more and still accruing loans	66.10%	65.59%

LOANS AND ASSET QUALITY - Sum22

LOANS AND ASSET QUALITY - Summary of recorded investment amount and related allowance for losses of impaired loans (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)borrowerloan	Dec. 31, 2016USD ($)
Impaired loans with specific reserves:
Recorded Investment	$ 1,739,000	$ 1,750,000
Principal Balance	1,768,000	1,779,000
Income Recognized	12,000	66,000
Specific Reserve	810,000	530,000
Recorded Investment	1,818,000	1,844,000
Impaired loans with no specific reserve:
Recorded Investment	3,298,000	3,267,000
Principal Balance	4,106,000	4,159,000
Income Recognized	42,000	80,000
Recorded Investment	4,386,000	4,132,000
Commercial Real Estate.
Impaired loans with specific reserves:
Specific Reserve	219,500
Real-estate - mortgage | Residential
Impaired loans with specific reserves:
Recorded Investment	1,344,654	1,393,000
Principal Balance	1,374,000	1,422,000
Income Recognized		58,000
Specific Reserve	532,378	252,000
Recorded Investment	1,364,000	1,442,000
Impaired loans with no specific reserve:
Recorded Investment	1,203,000	1,479,000
Principal Balance	2,011,000	2,219,000
Income Recognized	13,000	21,000
Recorded Investment	2,377,000	2,463,000
Real-estate - mortgage | Commercial Real Estate.
Impaired loans with no specific reserve:
Recorded Investment	1,312,000	1,413,000
Principal Balance	1,312,000	1,565,000
Income Recognized	29,000	59,000
Recorded Investment	$ 1,244,000	1,594,000
Consumer and Indirect
Financing Receivable, Impaired [Line Items]
Number of loans | loan	3
Number of borrowers | borrower	3
Impaired loans with specific reserves:
Recorded Investment	$ 174,589	128,000
Principal Balance	175,000	128,000
Income Recognized	4,000
Specific Reserve	57,797	50,000
Recorded Investment	230,000	167,000
Impaired loans with no specific reserve:
Recorded Investment	108,000	182,000
Principal Balance	108,000	182,000
Recorded Investment	104,000	75,000
Installment
Impaired loans with no specific reserve:
Recorded Investment	146,000	193,000
Principal Balance	146,000	193,000
Recorded Investment	130,000
Commercial
Impaired loans with specific reserves:
Recorded Investment	219,000	229,000
Principal Balance	219,000	229,000
Income Recognized	8,000	8,000
Specific Reserve	220,000	228,000
Recorded Investment	224,000	$ 235,000
Impaired loans with no specific reserve:
Recorded Investment	529,000
Principal Balance	529,000
Recorded Investment	$ 531,000

LOANS AND ASSET QUALITY - Total

LOANS AND ASSET QUALITY - Total Allowance by Loan Segment (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	$ 2,484	$ 3,150	$ 3,150
Provision for credit losses	243		868
Recoveries	253		379
Loans charged off	(357)	(1,378)	(1,913)
Balance, end of year	2,623		2,484
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	810		531
Individually evaluated for impairment, Related loan balance	1,740		5,017
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	1,813		1,953
Collectively evaluated for impairment, Related loan balance	270,705		261,090
Commercial and Industrial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	284	305	305
Provision for credit losses	(37)		(30)
Recoveries			9
Balance, end of year	247		284
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	220		229
Individually evaluated for impairment, Related loan balance	220		229
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	27		56
Collectively evaluated for impairment, Related loan balance	3,824		4,451
Commercial Real Estate
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	259	262	262
Provision for credit losses	4		361
Recoveries	14
Loans charged off			(364)
Balance, end of year	277		259
Individually evaluated for impairment:
Individually evaluated for impairment, Related loan balance			1,413
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	277		259
Collectively evaluated for impairment, Related loan balance	68,766		68,009
Consumer and Indirect
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	876	804	804
Provision for credit losses	246		431
Recoveries	212		336
Loans charged off	(354)	(524)	(695)
Balance, end of year	980		876
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	58		50
Individually evaluated for impairment, Related loan balance	175		503
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	922		826
Collectively evaluated for impairment, Related loan balance	95,873		83,078
Residential Real estate
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	1,051	1,631	1,631
Provision for credit losses	44		240
Recoveries	27		34
Loans charged off	(3)	(854)	(854)
Balance, end of year	1,119		1,051
Individually evaluated for impairment:
Individually evaluated for impairment, Balance in allowance	532		252
Individually evaluated for impairment, Related loan balance	1,345		2,872
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance	587		799
Collectively evaluated for impairment, Related loan balance	102,242		105,552
Unallocated
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of year	14	$ 148	148
Provision for credit losses	$ (14)		(134)
Balance, end of year			14
Collectively evaluated for impairment:
Collectively evaluated for impairment, Balance in allowance			$ 13

LOANS AND ASSET QUALITY - Non-a

LOANS AND ASSET QUALITY - Non-accrual loans (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	$ 3,751	$ 3,706	$ 3,706
Transfer into non-accrual	1,239	1,187
Loans paid down/payoffs	(476)	(846)
Loans brought to accrual status	(291)	(312)
Loans charged off	(357)	(1,378)	(1,913)
Balance	3,866	2,357	3,751
Commercial and Industrial
Financing Receivable Nonaccrual Status [Roll Forward]
Transfer into non-accrual	48
Balance	48
Commercial Real Estate
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	647	300	300
Transfer into non-accrual		325
Loans paid down/payoffs	(16)	(10)
Loans brought to accrual status	(132)
Loans charged off			(364)
Balance	499	615	647
Consumer and Indirect
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	456	831	831
Transfer into non-accrual	586	759
Loans paid down/payoffs	(144)	(482)
Loans brought to accrual status	(159)	(177)
Loans charged off	(354)	(524)	(695)
Balance	385	407	456
Residential Real estate
Financing Receivable Nonaccrual Status [Roll Forward]
Balance	2,648	2,575	2,575
Transfer into non-accrual	605	103
Loans paid down/payoffs	(316)	(354)
Loans brought to accrual status		(135)
Loans charged off	(3)	(854)	(854)
Balance	$ 2,934	$ 1,335	$ 2,648

LOANS AND ASSET QUALITY - Risk

LOANS AND ASSET QUALITY - Risk ratings of loans by categories of loans (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)item	Dec. 31, 2016USD ($)item	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Financing Receivable, Recorded Investment [Line Items]
Total	$ 272,446,000	$ 266,106,000
Non-accrual	3,866,000	3,751,000	$ 2,357,000	$ 3,706,000
Troubled debt restructures	$ 299,000	$ 312,000
Number of TDRs accounts | item	3	3
Non-performing TDRs | item		84
Number of non-performing TDRs accounts | item		2
Pass
Financing Receivable, Recorded Investment [Line Items]
Total	$ 265,778,000	$ 256,733,000
Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	1,750,000	4,698,000
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	4,753,000	4,461,000
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total	165,000	214,000
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Total	4,044,000	4,679,000
Non-accrual	48,000
Troubled debt restructures	$ 219,500	$ 228,000
Number of TDRs accounts | item	1,000	1
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	$ 3,825,000	$ 4,357,000
Commercial and Industrial | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total		94,000
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	219,000	228,000
Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Total	68,766,000	69,422,000
Non-accrual	499,000	647,000	615,000	300,000
Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	67,124,000	64,208,000
Commercial Real Estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	437,000	3,801,000
Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	1,122,000	1,413,000
Commercial Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total	83,000
Consumer and indirect
Financing Receivable, Recorded Investment [Line Items]
Total		83,582,000
Non-accrual	385,000	456,000
Troubled debt restructures	32,696	$ 36,000
Number of TDRs accounts | item		1
Non-performing TDRs | item		36
Number of non-performing TDRs accounts | item		1
Consumer and indirect | Pass
Financing Receivable, Recorded Investment [Line Items]
Total		$ 82,943,000
Consumer and indirect | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total		276,000
Consumer and indirect | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total		327,000
Consumer and indirect | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total		36,000
Residential Real estate
Financing Receivable, Recorded Investment [Line Items]
Total	103,587,000	108,423,000
Non-accrual	2,934,000	2,648,000	1,335,000	2,575,000
Troubled debt restructures	$ 46,692	$ 48,000
Number of TDRs accounts | item	1,000	1
Non-performing TDRs | item	47,000	48
Number of non-performing TDRs accounts | item	1,000	1
Residential Real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	$ 100,210,000	$ 105,225,000
Residential Real estate | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	479,000	527,000
Residential Real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	2,898,000	2,493,000
Residential Real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total		178,000
Consumer and Indirect
Financing Receivable, Recorded Investment [Line Items]
Total	96,049,000
Non-accrual	$ 385,000	$ 456,000	$ 407,000	$ 831,000
Number of TDRs accounts | item	1,000
Non-performing TDRs | item	33,000
Number of non-performing TDRs accounts | item	1,000
Consumer and Indirect | Pass
Financing Receivable, Recorded Investment [Line Items]
Total	$ 94,619,000
Consumer and Indirect | Special mention
Financing Receivable, Recorded Investment [Line Items]
Total	834,000
Consumer and Indirect | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total	514,000
Consumer and Indirect | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total	$ 82,000

LOANS AND ASSET QUALITY (Detail

LOANS AND ASSET QUALITY (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)item	Dec. 31, 2016USD ($)item
Financing Receivable, Recorded Investment [Line Items]
Number of TDRs contracts | item	3	3
Troubled debt restructures	$ 299,000	$ 312,000
Loans outstanding included in current and 30 - 89 days past due	1,088,970
Recorded Investment	3,298,000	3,267,000
Specific Reserve	810,000	530,000
Recorded Investment	1,739,000	1,750,000
Unearned income	983,000	1,048,000
Allowance for loan losses	2,623,000	2,484,000
Commercial Real Estate.
Financing Receivable, Recorded Investment [Line Items]
Specific Reserve	219,500
Commercial
Financing Receivable, Recorded Investment [Line Items]
Loans outstanding included in current and 30 - 89 days past due	219,500
Recorded Investment	529,000
Specific Reserve	220,000	228,000
Recorded Investment	$ 219,000	229,000
Consumer and Indirect
Financing Receivable, Recorded Investment [Line Items]
Number of TDRs contracts | item	1,000
Recorded Investment	$ 108,000	182,000
Specific Reserve	57,797	50,000
Recorded Investment	174,589	$ 128,000
Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans outstanding included in current and 30 - 89 days past due	$ 706,974
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Number of TDRs contracts | item	1,000	1
Troubled debt restructures	$ 219,500	$ 228,000
Residential Real estate
Financing Receivable, Recorded Investment [Line Items]
Number of TDRs contracts | item	1,000	1
Troubled debt restructures	$ 46,692	$ 48,000
Consumer and indirect
Financing Receivable, Recorded Investment [Line Items]
Number of TDRs contracts | item		1
Troubled debt restructures	32,696	$ 36,000
Home Equity
Financing Receivable, Recorded Investment [Line Items]
Loans outstanding included in current and 30 - 89 days past due	162,496
Real-estate - mortgage | Residential
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	1,203,000	1,479,000
Specific Reserve	532,378	252,000
Recorded Investment	1,344,654	1,393,000
Real-estate - mortgage | Commercial Real Estate.
Financing Receivable, Recorded Investment [Line Items]
Recorded Investment	$ 1,312,000	$ 1,413,000

FAIR VALUE - Changes in the ass

FAIR VALUE - Changes in the assets subject to fair value measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 89,903	$ 94,607
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	94,274	97,642
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	90,017	94,721
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	4,257	2,921
Recurring | US Treasury | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,504	1,507
Recurring | US Treasury | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,504	1,507
Recurring | Agency | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,992
Recurring | Agency | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,992
Recurring | State and municipal | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	36,835	33,845
Recurring | State and municipal | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	36,835	33,845
Recurring | Mortgage-backed | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	49,572	59,255
Recurring | Mortgage-backed | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	49,572	59,255
Fair Value, Measurements, Nonrecurring [Member] | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maryland Financial Bank stock	30	30
Impaired loans	4,227	2,891
OREO	114	114
Fair Value, Measurements, Nonrecurring [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
OREO	114	114
Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Maryland Financial Bank stock	30	30
Impaired loans	$ 4,227	$ 2,891

FAIR VALUE - Estimated fair val

FAIR VALUE - Estimated fair values of the Company's financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financial assets - Carrying Amount
Cash and due from banks	$ 4,371	$ 3,195
Interest-bearing deposits	7,117	4,230
Federal funds sold	9	3,197
Investment securities	89,903	94,607
Investments in restricted stock	30	1,230
Ground rents	156	164
Loans, net	268,840	262,574
Accrued interest receivable	1,140	1,134
Cash value of life insurance	9,479	9,328
Financial liabilities - Carrying Amount
Deposits	334,105	333,246
Long-term borrowings		10,000
Short-term borrowings	20,000	10,000
Financial assets - Fair Value
Cash and due from banks	4,371	3,195
Interest-bearing deposits	7,117	4,230
Federal funds sold	9	3,197
Investment securities	89,903	94,607
Investments in restricted stock	30	1,230
Ground rents	156	164
Loans, net	266,254	259,017
Accrued interest receivable	1,140	1,134
Cash value of life insurance	9,479	9,328
Financial liabilities - Fair Value
Deposits	316,619	315,418
Long-term borrowings		10,257
Short-term borrowings	$ 20,917	$ 10,188

FAIR VALUE - Fair value hierarc

FAIR VALUE - Fair value hierarchy of financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Financial assets - Carrying Amount
Cash and cash equivalents	$ 11,497	$ 10,622	$ 16,676	$ 12,371
Loans receivable, net	268,840	262,574
Cash value of life insurance	9,479
Financial liabilities - Carrying Amount
Deposits	334,105	333,246
Long-term debt		10,000
Short-term debt	20,000	10,000
Financial assets - Fair Value
Loans receivable, net	266,254	259,017
Financial liabilities - Fair Value
Deposits	316,619	315,418
Long-term debt		10,257
Short-term debt	20,917	$ 10,188
Fair Value
Financial assets - Fair Value
Cash and cash equivalents	9,479
Loans receivable, net	266,254
Cash value of life insurance	11,497
Financial liabilities - Fair Value
Deposits	20,917
Short-term debt	316,619
Fair Value | Level 1
Financial assets - Fair Value
Cash value of life insurance	11,497
Financial liabilities - Fair Value
Short-term debt	219,478
Fair Value | Level 2
Financial assets - Fair Value
Cash and cash equivalents	9,479
Financial liabilities - Fair Value
Deposits	20,917
Short-term debt	97,141
Fair Value | Level 3
Financial assets - Fair Value
Loans receivable, net	$ 266,254

FAIR VALUE - Gross unrealized l

FAIR VALUE - Gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	$ 41,090	$ 62,294
Less than 12 months Unrealized Loss	492	1,155
12 months or more Fair Value	15,156	10,589
12 months or more Unrealized Loss	411	293
Total Fair Value	56,246	72,883
Total Unrealized Loss	903	1,448
US Treasury
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	499
Less than 12 months Unrealized Loss	1
Total Fair Value	499
Total Unrealized Loss	1
Agency
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	1,992
Less than 12 months Unrealized Loss	7
12 months or more Fair Value	848	986
12 months or more Unrealized Loss	12	16
Total Fair Value	2,840	986
Total Unrealized Loss	19	16
State and municipal
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	5,133	19,200
Less than 12 months Unrealized Loss	62	580
12 months or more Fair Value	4,862
12 months or more Unrealized Loss	167
Total Fair Value	9,995	19,200
Total Unrealized Loss	229	580
Mortgage-backed
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	33,466	43,094
Less than 12 months Unrealized Loss	422	575
12 months or more Fair Value	9,446	9,603
12 months or more Unrealized Loss	232	277
Total Fair Value	42,912	52,697
Total Unrealized Loss	$ 654	$ 852

FAIR VALUE (Details)

FAIR VALUE (Details)	9 Months Ended
	Sep. 30, 2017USD ($)loan	Dec. 31, 2016USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans deemed to be impaired	$ 5,000,000
Specific reserve amount	810,000	$ 530,000
Impaired real estate loans	$ 3,800,000
Minimum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of discount rate	0.00%
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair value of discount rate	16.00%
Consumer and indirect
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of impaired loans classified as nonaccrual loans | loan	29
Impaired loans includes nonaccrual, past due 90 days or more and still accruing	$ 226,000
Remaining impaired loan	1,200,000
Specific reserve amount	$ 292,000