INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The expense for income taxes is summarized below:

	YEAR ENDED DECEMBER 31,
	2016		2015		2014
	(IN THOUSANDS)
Current	$	483	$	1,455	$	1,036
Deferred		414		888		562
Income tax expense	$	897	$	2,343	$	1,598

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The reconciliation between the federal statutory tax rate and the Company’s effective consolidated income tax rate is as follows:

	YEAR ENDED DECEMBER 31,
	2016						2015						2014
	AMOUNT			RATE			AMOUNT			RATE			AMOUNT			RATE
	(IN THOUSANDS, EXCEPT PERCENTAGES)
Income tax expense based on federal statutory rate	$	1,090			34.0	%	$	2,836			34.0	%	$	1,571			34.0	%
Tax exempt income		(255	)		(7.9	)		(574	)		(6.9	)		(274	)		(5.9	)
Other		62			1.9			81			1.0			301			6.5
Total expense for income taxes	$	897			28.0	%	$	2,343			28.1	%	$	1,598			34.6	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The following table highlights the major components comprising the deferred tax assets and liabilities for each of the periods presented:

	AT DECEMBER 31,
	2016			2015
	(IN THOUSANDS)
DEFERRED TAX ASSETS:
Allowance for loan losses	$	3,377		$	3,373
Unfunded commitment reserve		303			298
Unrealized investment security losses		87			—
Premises and equipment		1,542			1,602
Accrued pension obligation		2,582			1,658
Alternative minimum tax credits		2,110			2,248
Other		895			487
Total tax assets		10,896			9,666
DEFERRED TAX LIABILITIES:
Investment accretion		(24	)		(16	)
Unrealized investment security gains		—			(420	)
Other		(217	)		(237	)
Total tax liabilities		(241	)		(673	)
Net deferred tax asset	$	10,655		$	8,993

Schedule Of Changes In Deferred Taxes [Table Text Block]

The change in net deferred tax assets and liabilities consist of the following:

	YEAR ENDED DECEMBER 31,
	2016			2015
	(IN THOUSANDS)
Unrealized gains recognized in comprehensive income	$	507		$	530
Pension obligation of the defined benefit plan not yet recognized in income		1,569			(197	)
Deferred provision for income taxes		(414	)		(888	)
Net increase (decrease)	$	1,662		$	(555	)