INTEREST RATE DERIVATIVE (Tables)

12 Months Ended

Dec. 31, 2013

INTEREST RATE DERIVATIVE [Abstract]

Fair value outstanding derivatives

The following table summarizes the fair value of outstanding derivatives and their presentation on the statements of condition as of December 31:

(In thousands)		2013		2012
Cash flow hedge:
	Other liabilities	$	135	$	195

Change in accumulated other comprehensive loss on pretax basis and impact on earnings from interest rate swap

The change in accumulated other comprehensive loss, on a pretax basis, and the impact on earnings from the interest rate swap that qualifies as a cash flow hedge for the year ended December 31 were as follows:

(In thousands)	2013			2012
Balance as of January 1:	$	(195	)	$	(200	)
Amount of losses recognized in other comprehensive income		(2	)		(53	)
Amount of loss reclassified from other comprehensive income
and recognized as interest expense		62			58
Balance as of December 31:	$	(135	)	$	(195	)