FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Assets measured at fair value

	Fair Value Measurements Using							Assets at
(in thousands)		Level 1		Level 2		Level 3		fair
								value
March 31, 2016
Assets at fair value on a recurring basis
U.S. Treasury notes	$	—	$	7,529	$	—	$	7,529
Municipal bonds		—		25,388		—		25,388
Mortgage-backed securities:
U.S. Government agencies and U.S. Government-sponsored enterprises		—		35,802		—		35,802
Collateralized mortgage obligations:
U.S. Government agencies		—		1,862		—		1,862
Non-agency		—		4,568		—		4,568
SBA bonds		—		2,871		—		2,871
CRA mutual funds		—		779		—		779
Preferred stock		235		—		—		235
Securities available-for-sale	$	235	$	78,799	$	—	$	79,034
Assets at fair value on a non-recurring basis
Collateral dependent impaired loans		—		—		14,290		14,290
Mortgage servicing rights		—		—		1,037		1,037
December 31, 2015
Assets at fair value on a recurring basis
U.S. Treasury notes	$	—	$	2,541	$	—	$	2,541
U.S. Government agency notes		—		498		—		498
Municipal bonds		—		30,385		—		30,385
Mortgage-backed securities:
U.S. Government agencies and U.S. Government-sponsored enterprises		—		32,202		—		32,202
Collateralized mortgage obligations:
U.S. Government agencies		—		2,014		—		2,014
Non-agency		—		4,948		—		4,948
SBA bonds		—		3,096		—		3,096
CRA mutual funds		—		764		—		764
Preferred stock		246		—		—		246
Securities available-for-sale	$	246	$	76,448	$	—	$	76,694
Assets at fair value on a non-recurring basis
Collateral dependent impaired loans		—		—		15,211		15,211
Mortgage servicing rights		—		—		1,315		1,315

Carrying value and estimated fair values of financial instruments

(in thousands)	Carrying		Estimated		Fair value measurements using
	value		fair value		Level 1		Level 2			Level 3
March 31, 2016
Financial Assets
Cash and cash equivalents	$	31,503	$	31,503	$	31,503	$	—	$	—
Securities available-for-sale		79,034		79,034		235		78,799		—
Federal Home Loan Bank stock		3,117		3,117		—		3,117		—
Loans held-for-sale		183		183		—		—		183
Loans receivable, net		728,845		732,699		—		—		732,699
Accrued interest receivable		2,451		2,451		—		—		2,451
Cash surrender value of life insurance		13,775		13,775		13,775		—		—
Financial Liabilities
Demand (non-interest-bearing)	$	192,184	$	192,184	$	—	$	—	$	192,184
Demand (interest-bearing)		122,814		122,814		—		—		122,814
Money market		192,357		192,357		—		—		192,357
Savings and other		126,214		126,214		—		—		126,214
Certificates of deposit		122,089		122,952		—		—		122,952
Deposits		755,658		756,521		—		—		756,521
Repurchase agreements		2,620		2,620		—		—		2,620
FHLBB advances		27,031		29,046		—		—		29,046
Subordinated debt		9,770		10,190		—		—		10,190
Note payable		365		404		—		—		404
Capital lease liability		420		895		—		—		895
Accrued interest payable		120		120		—		—		120
December 31, 2015
Financial Assets
Cash and cash equivalents	$	62,118	$	62,118	$	62,118	$	—	$	—
Securities available-for-sale		76,694		76,694		246		76,448		—
Federal Home Loan Bank stock		3,176		3,176		—		3,176		—
Loans held-for-sale		763		778		—		—		778
Loans receivable, net		699,018		707,154		—		—		707,154
Accrued interest receivable		2,307		2,307		—		—		2,307
Cash surrender value of life insurance		13,685		13,685		13,685		—		—
Financial Liabilities
Demand (non-interest-bearing)	$	201,340	$	201,340	$	—	$	—	$	201,340
Demand (interest-bearing)		125,465		125,465		—		—		125,465
Money market		183,783		183,783		—		—		183,783
Savings and other		119,651		119,651		—		—		119,651
Certificates of deposit		124,294		125,437		—		—		125,437
Deposits		754,533		755,676		—		—		755,676
Repurchase agreements		3,914		3,914		—		—		3,914
FHLBB advances		26,979		28,559		—		—		28,559
Subordinated debt		9,764		9,764		—		—		9,764
Note payable		376		405		—		—		405
Capital lease liability		422		870		—		—		870
Accrued interest payable		150		150		—		—		150