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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Dec. 31, 2012
Assets Measured at Fair Value on Recurring and Nonrecurring Basis | The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2012. The Company had no liabilities measured at fair value as of December 31, 2012.
|  | Carrying Value |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
|  | (In thousands) |
December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets Measured on a Recurring Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities |  | $ | 0 |  |  | $ | 23,206 |  |  | $ | 0 |  |  | $ | 23,206 |
Agency CMO |  |  | 0 |  |  |  | 22,660 |  |  |  | 0 |  |  |  | 22,660 |
Agency notes and bonds |  |  | 0 |  |  |  | 38,553 |  |  |  | 0 |  |  |  | 38,553 |
Municipal obligations |  |  | 0 |  |  |  | 34,317 |  |  |  | 0 |  |  |  | 34,317 |
Mutual funds |  |  | 4,237 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4,237 |
Total securities available for sale |  | $ | 4,237 |  |  | $ | 118,736 |  |  | $ | 0 |  |  | $ | 122,973 |
Assets Measured on a Nonrecurring Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | 0 |  |  | $ | 0 |  |  | $ | 2,157 |  |  | $ | 2,157 |
Land |  |  | 0 |  |  |  | 0 |  |  |  | 125 |  |  |  | 125 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 403 |  |  |  | 403 |
Commercial real estate |  |  | 0 |  |  |  | 0 |  |  |  | 2,561 |  |  |  | 2,561 |
Commercial business |  |  | 0 |  |  |  | 0 |  |  |  | 678 |  |  |  | 678 |
Home equity and second mortgage |  |  | 0 |  |  |  | 0 |  |  |  | 7 |  |  |  | 7 |
Total impaired loans |  | $ | 0 |  |  | $ | 0 |  |  | $ | 5,931 |  |  | $ | 5,931 |
Loans held for sale |  | $ | 0 |  |  | $ | 3,609 |  |  | $ | 0 |  |  | $ | 3,609 |
Foreclosed real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | 0 |  |  | $ | 0 |  |  | $ | 258 |  |  | $ | 258 |
Land |  |  | 0 |  |  |  | 0 |  |  |  | 37 |  |  |  | 37 |
Total foreclosed real estate |  | $ | 0 |  |  | $ | 0 |  |  | $ | 295 |  |  | $ | 295 |
The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2011. The Company had no liabilities measured at fair value as of December 31, 2011.
|  | Carrying Value |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
|  | (In thousands) |
December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets Measured on a Recurring Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed securities |  | $ | 0 |  |  | $ | 12,220 |  |  | $ | 0 |  |  | $ | 12,220 |
Agency CMO |  |  | 0 |  |  |  | 23,288 |  |  |  | 0 |  |  |  | 23,288 |
Privately-issued CMO |  |  | 0 |  |  |  | 880 |  |  |  | 0 |  |  |  | 880 |
Agency notes and bonds |  |  | 0 |  |  |  | 42,363 |  |  |  | 0 |  |  |  | 42,363 |
Municipal obligations |  |  | 0 |  |  |  | 27,301 |  |  |  | 0 |  |  |  | 27,301 |
Mutual funds |  |  | 5,388 |  |  |  | 0 |  |  |  | 0 |  |  |  | 5,388 |
Total securities available for sale |  | $ | 5,388 |  |  | $ | 106,052 |  |  | $ | 0 |  |  | $ | 111,440 |
Assets Measured on a Nonrecurring Basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | 0 |  |  | $ | 0 |  |  | $ | 2,098 |  |  | $ | 2,098 |
Land |  |  | 0 |  |  |  | 0 |  |  |  | 5 |  |  |  | 5 |
Construction |  |  | 0 |  |  |  | 0 |  |  |  | 247 |  |  |  | 247 |
Commercial real estate |  |  | 0 |  |  |  | 0 |  |  |  | 2,314 |  |  |  | 2,314 |
Commercial business |  |  | 0 |  |  |  | 0 |  |  |  | 992 |  |  |  | 992 |
Home equity and second mortgage |  |  | 0 |  |  |  | 0 |  |  |  | 87 |  |  |  | 87 |
Total impaired loans |  | $ | 0 |  |  | $ | 0 |  |  | $ | 5,743 |  |  | $ | 5,743 |
Loans held for sale |  | $ | 0 |  |  | $ | 2,909 |  |  | $ | 0 |  |  | $ | 2,909 |
Foreclosed real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | 0 |  |  | $ | 0 |  |  | $ | 453 |  |  | $ | 453 |
Commercial real estate |  |  | 0 |  |  |  | 0 |  |  |  | 35 |  |  |  | 35 |
Home equity and second mortgage |  |  | 0 |  |  |  | 0 |  |  |  | 173 |  |  |  | 173 |
Total foreclosed real estate |  | $ | 0 |  |  | $ | 0 |  |  | $ | 661 |  |  | $ | 661 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
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