FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair Value on recurring Basis

	Fair Value Measurement using:
	Carrying Amount		Quoted Prices in Active Markets For Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
At June 30, 2018
Residential mortgage-backed securities	$	23,464	$	-	$	23,464	$	-
Residential collateralized mortgage obligation		2,351		-		2,351		-
Municipal bond		1,093		-		1,093		-
CRA Mutual Fund		2,081		2,081		-		-
At December 31, 2017
Residential mortgage-backed securities	$	24,684	$	-	$	24,684	$	-
Residential collateralized mortgage obligation		2,706		-		2,706		-
Commercial collateralized mortgage obligations		1,550		-		1,550		-
Municipal bond		1,109		-		1,109		-
CRA Mutual Fund		2,108		2,108		-		-

Schedule of carrying amount and estimated fair values of financial instruments

			Fair Value Measurement Using:
At June 30, 2018	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Assets:
Cash and due from banks	$	10,148	$	10,148	$	-	$	-	$	10,148
Overnight deposits		240,994		240,994		-		-		240,994
Securities available for sale		28,989		2,081		26,908		-		28,989
Securities held to maturity		4,985		-		4,782		-		4,782
Loans, net		1,582,184		-		-		1,628,843		1,628,843
Other investments		-		-		-		-		-
FRB Stock		7,223		N/A		N/A		N/A		N/A
FHLB Stock		4,047		N/A		N/A		N/A		N/A
SBA Loan Fund		5,000		N/A		N/A		N/A		N/A
Disability Opportunity Fund		500		-		-		500		500
Accrued interest receivable		4,449		30		112		4,307		4,449
Liabilities:
Deposits without stated maturities	$	1,450,766	$	1,450,766	$	-	$	-	$	1,450,766
Deposits with stated maturities		89,716		-		88,954		-		88,954
Federal Home Loan Bank of New York advances		63,000		-		62,979		-		62,979
Trust preferred securities payable		20,620		-		-		20,001		20,001
Subordinated debt, net of issuance cost		24,517		-		25,313		-		25,313
Accrued interest payable		1,019		21		787		211		1,019

			Fair Value Measurement Using:
At December 31, 2017	Carrying Amount		Quoted Prices in Active Markets for Identica l Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Assets:
Cash and due from banks	$	8,790	$	8,790	$	-	$	-	$	8,790
Overnight deposits		254,441		254,441		-		-		254,441
Securities available for sale		32,157		2,108		30,049		-		32,157
Securities held to maturity		5,428		-		5,330		-		5,330
Loans, net		1,405,009		-		-		1,410,860		1,410,860
Other investments
FRB Stock		3,911		N/A		N/A		N/A		N/A
FHLB Stock		2,766		N/A		N/A		N/A		N/A
SBA Loan Fund		5,000		N/A		N/A		N/A		N/A
Certificates of deposit		2,000		2,000		-		-		2,000
Accrued interest receivable		4,421		11		116		4,294		4,421
Liabilities:
Deposits without stated maturities	$	1,324,110	$	1,324,110	$	-	$	-		1,324,110
Deposits with stated maturities		80,245		-		80,079		-		80,079
Borrowed funds		42,198		-		42,188		-		42,188
Trust preferred securities payable		20,620		-		-		19,997		19,997
Subordinated debt, net of issuance cost		24,489		-		25,500		-		25,500
Accrued interest payable		749		27		258		464		749