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ACQUISITION OF STATE COLLEGE BRANCH (Tables) - State College Branch [Member] | 12 Months Ended
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Dec. 31, 2017
Business Acquisition [Line Items] |
Summarizes the purchase price of branch |
(In Thousands) |  |  |  |  |  |
Purchase Price Consideration in cash |  |  |  |  | $ | 1,044 |
Net Assets Acquired for cash |  |  |  |  |  |  |
Loans, interest, PP&E less deposits, interest and escrow payable |  |  |  |  |  | 3,509 |
Total cash consideration |  |  |  |  |  | 4,553 |
Net Assets Acquired for cash |  | $ | 3,509 |  |  |  |  |
Adjustments to reflect assets acquired at fair value: |  |  |  |  |  |  |  |
Loans |  |  |  |  |  |  |  |
Interest rate |  |  | (522 | ) |  |  |  |
General credit |  |  | (740 | ) |  |  |  |
Core deposit intangible |  |  | 145 |  |  |  |  |
Adjustments to reflect liabilities acquired at fair value: |  |  |  |  |  |  |  |
Time deposits |  |  | (46 | ) |  |  |  |
Acquired net assets at fair value |  |  |  |  |  |  | 2,346 |
Goodwill resulting from acquisition |  |  |  |  |  | $ | 2,207 |
Schedule of asset acquired and liability assumed | The following condensed statement reflects the amounts recognized as of the acquisition date for each major class of asset acquired and liability assumed:
(In Thousands) |  |  |
Total purchase price |  |  |  |  | $ | 4,553 |
Net assets acquired: |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 154 |  |  |  |  |
Loans |  |  | 39,847 |  |  |  |  |
Premises and equipment, net |  |  | 86 |  |  |  |  |
Accrued interest receivable |  |  | 74 |  |  |  |  |
Intangibles |  |  | 145 |  |  |  |  |
Deposits |  |  | (37,880 | ) |  |  |  |
Accrued interest payable |  |  | (29 | ) |  |  |  |
Other liabilities |  |  | (51 | ) |  |  |  |
|  |  |  |  |  |  | 2,346 |
Goodwill resulting from the branch acquisition |  |  |  |  |  | $ | 2,207 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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