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BORROWED FUNDS AND REPURCHASE AGREEMENTS (Details) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2008
Dec. 31, 2003
Debt Instrument [Line Items]          
Borrowed funds $ 41,631,000 $ 41,799,000 $ 66,932,000    
Highest balance at any month-end 71,073,000 72,879,000 89,377,000    
Average balance $ 36,700,000 $ 39,208,000 $ 42,214,000    
Weighted average interest rate paid during the year 1.93% 1.55% 2.86%    
Weighted average interest rate as of year end 1.74% 1.50% 0.96%    
Maturities of borrowed funds [Abstract]          
2016 $ 24,546,000        
2017 2,000,000        
2018 1,000,000        
2019 2,000,000        
2020 560,000        
Thereafter 11,525,000        
Total borrowed funds 41,631,000 $ 41,799,000 $ 66,932,000    
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]          
Total carrying value of collateral pledged 20,193,000 14,323,000      
Total liability recognized for repurchase agreements 16,008,000 5,906,000      
U.S. Agency Securities [Member]          
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]          
Total carrying value of collateral pledged 20,193,000 14,323,000      
Overnight and Continuous [Member]          
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]          
Total carrying value of collateral pledged 18,144,000 10,368,000      
Overnight and Continuous [Member] | U.S. Agency Securities [Member]          
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]          
Total carrying value of collateral pledged 18,144,000 10,368,000      
Up to 30 Days [Member]          
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]          
Total carrying value of collateral pledged 0 1,015,000      
Up to 30 Days [Member] | U.S. Agency Securities [Member]          
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]          
Total carrying value of collateral pledged 0 1,015,000      
30 - 90 Days [Member]          
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]          
Total carrying value of collateral pledged 0 0      
30 - 90 Days [Member] | U.S. Agency Securities [Member]          
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]          
Total carrying value of collateral pledged 0 0      
Greater than 90 Days [Member]          
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]          
Total carrying value of collateral pledged 2,049,000 2,940,000      
Greater than 90 Days [Member] | U.S. Agency Securities [Member]          
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]          
Total carrying value of collateral pledged 2,049,000 2,940,000      
Securities Sold Under Agreements to Repurchase [Member]          
Debt Instrument [Line Items]          
Borrowed funds [1] 16,008,000 5,906,000 7,278,000    
Highest balance at any month-end [1] 16,008,000 7,277,000 8,923,000    
Average balance [1] $ 5,998,000 $ 6,535,000 $ 7,821,000    
Weighted average interest rate paid during the year [1] 0.82% 0.91% 0.88%    
Weighted average interest rate as of year end [1] 0.45% 0.99% 0.87%    
Maturities of borrowed funds [Abstract]          
Total borrowed funds [1] $ 16,008,000 $ 5,906,000 $ 7,278,000    
FHLB Advances [Member]          
Debt Instrument [Line Items]          
Borrowed funds [2] 1,598,000 16,593,000 42,954,000    
Federal Home Loan Bank, advances, highest balance at any month-end [2] 26,996,000 39,902,000 42,954,000    
Federal Home Loan Bank, advances, average balance [2] $ 5,218,000 $ 9,991,000 $ 4,871,000    
Federal Home Loan Bank, advances, weighted average interest rate paid during the year [2] 0.35% 0.27% 0.25%    
Federal Home Loan Bank, advances, weighted average interest rate as of year-end [2] 0.43% 0.24% 0.25%    
Maximum borrowing limit $ 254,270,000        
Maturities of borrowed funds [Abstract]          
Total borrowed funds [2] 1,598,000 $ 16,593,000 $ 42,954,000    
Federal Funds Line [Member]          
Debt Instrument [Line Items]          
Borrowed funds [3] 0 0 0    
Highest balance at any month-end [3] 0 0 0    
Average balance [3] $ 0 $ 1,000 $ 0    
Weighted average interest rate paid during the year [3] 0.00% 0.76% 0.73%    
Weighted average interest rate as of year end [3] 0.00% 0.00% 0.00%    
Maximum borrowing limit $ 10,000,000        
Maturities of borrowed funds [Abstract]          
Total borrowed funds [3] 0 $ 0 $ 0    
FRB BIC Line [Member]          
Debt Instrument [Line Items]          
Borrowed funds [4] 0 0 0    
Highest balance at any month-end [4] 0 0 0    
Average balance [4] $ 0 $ 1,000 $ 0    
Weighted average interest rate paid during the year [4] 0.77% 0.75% 0.75%    
Weighted average interest rate as of year end [4] 0.00% 0.00% 0.00%    
Maximum borrowing limit $ 7,949,000        
Carrying value of securities pledged as collateral 16,146,000 $ 17,071,000      
Maturities of borrowed funds [Abstract]          
Total borrowed funds [4] 0 0 $ 0    
Notes Payable [Member]          
Debt Instrument [Line Items]          
Borrowed funds [5] 7,500,000 7,500,000 7,500,000    
Highest balance at any month-end [5] 7,500,000 7,500,000 7,500,000    
Average balance [5] $ 7,500,000 $ 7,500,000 $ 7,500,000    
Weighted average interest rate paid during the year [5] 3.14% 3.09% 5.82%    
Weighted average interest rate as of year end [5] 3.33% 3.04% 3.04%    
Face amount of debt $ 7,500,000        
Variable rate basis 3 month LIBOR        
Basis spread on variable rate 2.80%        
Unamortized debt issuance costs         $ 75,000
Notional amount of derivative liability       $ 7,500,000  
Maturities of borrowed funds [Abstract]          
Total borrowed funds [5] $ 7,500,000 $ 7,500,000 $ 7,500,000    
Term Loans [Member]          
Debt Instrument [Line Items]          
Borrowed funds [6] 16,525,000 11,800,000 9,200,000    
Highest balance at any month-end [6] 20,569,000 18,200,000 30,000,000    
Average balance [6] $ 17,984,000 $ 15,180,000 $ 22,022,000    
Weighted average interest rate paid during the year [6] 2.25% 1.89% 3.13%    
Weighted average interest rate as of year end [6] 2.44% 2.54% 2.78%    
Maturities of borrowed funds [Abstract]          
Total borrowed funds [6] $ 16,525,000 $ 11,800,000 $ 9,200,000    
Term Loans [Member] | October 2, 2017 [Member]          
Debt Instrument [Line Items]          
Borrowed funds $ 2,000,000 2,000,000      
Stated interest rate 2.29%        
Maturity date Oct. 02, 2017        
Maturities of borrowed funds [Abstract]          
Total borrowed funds $ 2,000,000 2,000,000      
Term Loans [Member] | July 12, 2018 [Member]          
Debt Instrument [Line Items]          
Borrowed funds $ 1,000,000 1,000,000      
Stated interest rate 2.72%        
Maturity date Jul. 12, 2018        
Maturities of borrowed funds [Abstract]          
Total borrowed funds $ 1,000,000 1,000,000      
Term Loans [Member] | February 4, 2019 [Member]          
Debt Instrument [Line Items]          
Borrowed funds $ 2,000,000 2,000,000      
Stated interest rate 1.87%        
Maturity date Feb. 04, 2019        
Maturities of borrowed funds [Abstract]          
Total borrowed funds $ 2,000,000 2,000,000      
Term Loans [Member] | February 3, 2021 [Member]          
Debt Instrument [Line Items]          
Borrowed funds $ 2,000,000 2,000,000      
Stated interest rate 2.61%        
Maturity date Feb. 03, 2021        
Maturities of borrowed funds [Abstract]          
Total borrowed funds $ 2,000,000 2,000,000      
Term Loans [Member] | July 12, 2021 [Member]          
Debt Instrument [Line Items]          
Borrowed funds $ 2,000,000 2,000,000      
Stated interest rate 3.52%        
Maturity date Jul. 12, 2021        
Maturities of borrowed funds [Abstract]          
Total borrowed funds $ 2,000,000 2,000,000      
Term Loans [Member] | August 20, 2021 [Member]          
Debt Instrument [Line Items]          
Borrowed funds $ 2,800,000 2,800,000      
Stated interest rate 2.37%        
Maturity date Aug. 20, 2021        
Maturities of borrowed funds [Abstract]          
Total borrowed funds $ 2,800,000 2,800,000      
Term Loans [Member] | January, 06 2022 [Member]          
Debt Instrument [Line Items]          
Borrowed funds $ 4,725,000 0      
Stated interest rate 2.08%        
Maturity date Jan. 06, 2022        
Maturities of borrowed funds [Abstract]          
Total borrowed funds $ 4,725,000 $ 0      
[1] We utilize securities sold under agreements to repurchase to facilitate the needs of our customers and to facilitate secured short-term funding needs. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. We monitor collateral levels on a continuous basis. We may be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents. The collateral pledged on the repurchase agreements by the remaining contractual maturity of the repurchase agreements in the Consolidated Balance Sheets as of December 31, 2015 and December 31, 2014 is presented in the following tables. Remaining Contractual Maturity of the Agreements Overnight and Up to Greater than 2015 Continuous 30 Days 30 - 90 Days 90 days Total Repurchase Agreements: U.S. agency securities $ 18,144 $ - $ - $ 2,049 $ 20,193 Total carrying value of collateral pledged 18,144 - - 2,049 20,193 Total liability recognized for repurchase agreements 16,008 2014 Continuous 30 Days 30 - 90 Days 90 days Total Repurchase Agreements: U.S. agency securities $ 10,368 $ 1,015 $ - $ 2,940 $ 14,323 Total carrying value of collateral pledged 10,368 1,015 - 2,940 14,323 Total liability recognized for repurchase agreements 5,906
[2] FHLB Advances consist of an "Open RepoPlus" agreement with the FHLB of Pittsburgh. FHLB "Open RepoPlus" advances are short-term borrowings that bear interest based on the FHLB discount rate or Federal Funds rate, whichever is higher. The Company has a borrowing limit of $254,270,000, inclusive of any outstanding advances. FHLB advances are secured by a blanket security agreement that includes the Company's FHLB stock, as well as certain investment and mortgage-backed securities held in safekeeping at the FHLB and certain residential and commercial mortgage loans.
[3] The federal funds line consists of an unsecured line from a third party bank at market rates. The Company has a borrowing limit of $10,000,000, inclusive of any outstanding balances. No specific collateral is required to be pledged for these borrowings.
[4] The Federal Reserve Bank Borrower in Custody (FRB BIC) Line consists of a borrower in custody in agreement open in January 2010 with the Federal Reserve Bank of Philadelphia secured by municipal loans maintained in the Company's possession. As of December 31, 2015, the Company has a borrowing limit of $7,949,000, inclusive of any outstanding advances. The approximate carrying value of the municipal loan collateral was $16,146,000 and $17,071,000 as of December 31, 2015 and 2014, respectively.
[5] In December 2003, the Company formed a special purpose entity ("Entity") to issue $7,500,000 of floating rate obligated mandatory redeemable securities as part of a pooled offering. The rate was determined quarterly and floated based on the 3 month LIBOR plus 2.80. The Entity may redeem them, in whole or in part, at face value after December 17, 2008, and on a quarterly basis thereafter. The Company borrowed the proceeds of the issuance from the Entity in December 2003 in the form of a $7,500,000 note payable. Debt issue costs of $75,000 have been capitalized and fully amortized as of December 31, 2008. Under current accounting rules, the Company's minority interest in the Entity was recorded at the initial investment amount and is included in the other assets section of the balance sheet. The Entity is not consolidated as part of the Company's consolidated financial statements.
[6] (f) Term Loans consist of separate loans with the FHLB of Pittsburgh as follows (in thousands): December 31, December 31, Interest Rate Maturity 2015 2014 Fixed: 2.29% October 2, 2017 2,000 2,000 2.72% July 12, 2018 1,000 1,000 1.87% February 4, 2019 2,000 2,000 2.61% February 3, 2021 2,000 2,000 3.52% July 12, 2021 2,000 2,000 2.37% August 20, 2021 2,800 2,800 2.08% January 6, 2022 4,725 - Total term loans $ 16,525 $ 11,800