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INVESTMENT SECURITIES (Tables) | 12 Months Ended
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Dec. 31, 2012
INVESTMENT SECURITIES [Abstract] |
Schedule of Cost Basis and Fair Values of Investment Securities | Investment securities available for sale:
|  | AT DECEMBER 31, 2012
|  | COST BASIS |  | GROSS UNREALIZED GAINS |  | GROSS UNREALIZED LOSSES |  | FAIR VALUE
|  | (IN THOUSANDS)
U.S. Agency |  | $ | 5,848 |  |  | $ | 70 |  |  | $ | (7) |  |  | $ | 5,911 |
Corporate bonds |  |  | 7,992 |  |  |  | 3 |  |  |  | (103) |  |  |  | 7,892 |
U.S. Agency mortgage-backed securities |  |  | 131,425 |  |  |  | 6,320 |  |  |  | (10) |  |  |  | 137,735 |
Total |  | $ | 145,265 |  |  | $ | 6,393 |  |  | $ | (120) |  |  | $ | 151,538 |
Investment securities held to maturity:
|  | AT DECEMBER 31, 2012
|  | COST BASIS |  | GROSS UNREALIZED GAINS |  | GROSS UNREALIZED LOSSES |  | FAIR VALUE
|  | (IN THOUSANDS)
U.S. Agency mortgage-backed securities |  | $ | 9,318 |  |  | $ | 578 |  |  | $ | - |  |  | $ | 9,896 |
Taxable municipal |  |  | 410 |  |  |  | 6 |  |  |  | - |  |  |  | 416 |
Corporate bonds and other securities |  |  | 3,995 |  |  |  | 14 |  |  |  | (55) |  |  |  | 3,954 |
Total |  | $ | 13,723 |  |  | $ | 598 |  |  | $ | (55) |  |  | $ | 14,266 |
Investment securities available for sale:
|  | AT DECEMBER 31, 2011
|  | COST BASIS |  | GROSS UNREALIZED GAINS |  | GROSS UNREALIZED LOSSES |  | FAIR VALUE
|  | (IN THOUSANDS)
U.S. Agency |  | $ | 10,689 |  |  | $ | 48 |  |  | $ | (28 | ) |  | $ | 10,709 |
U.S. Agency mortgage-backed securities |  |  | 165,484 |  |  |  | 6,737 |  |  |  | (7 | ) |  |  | 172,214 |
Total |  | $ | 176,173 |  |  | $ | 6,785 |  |  | $ | (35 | ) |  | $ | 182,923 |
Investment securities held to maturity:
|  | AT DECEMBER 31, 2011
|  | COST BASIS |  | GROSS UNREALIZED GAINS |  | GROSS UNREALIZED LOSSES |  | FAIR VALUE
|  | (IN THOUSANDS)
U.S. Agency mortgage-backed securities |  | $ | 9,280 |  |  | $ | 643 |  |  | $ | - |  |  | $ | 9,923 |
Other securities |  |  | 3,000 |  |  |  | - |  |  |  | (9 | ) |  |  | 2,991 |
Total |  | $ | 12,280 |  |  | $ | 643 |  |  | $ | (9 | ) |  | $ | 12,914 |
Schedule of Investments Securities, by Contractual Maturity | Investment securities available for sale:
|  | AT DECEMBER 31, 2012
|  | U. S. AGENCY |  | U.S. AGENCY MORTGAGE- BACKED SECURITIES |  | CORPORATE BONDS |  | TOTAL INVESTMENT SECURITIES AVAILABLE FOR SALE
|  | (IN THOUSANDS, EXCEPT YIELDS)
COST BASIS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Within 1 year |  | $ | - |  |  |  | -% |  |  | $ | - |  |  |  | -% |  |  | $ | - |  |  |  | -% |  |  | $ | - |  |  |  | -% |
After 1 year but within 5 years |  |  | 4,848 |  |  |  | 1.42 |  |  |  | - |  |  |  | - |  |  |  | 7,992 |  |  |  | 3.55 |  |  |  | 12,840 |  |  |  | 2.73 |
After 5 years but within 10 years |  |  | 1,000 |  |  |  | 1.43 |  |  |  | 14,347 |  |  |  | 3.30 |  |  |  | - |  |  |  | - |  |  |  | 15,347 |  |  |  | 3.18 |
After 10 years but within 15 years |  |  | - |  |  |  | - |  |  |  | 58,603 |  |  |  | 2.90 |  |  |  | - |  |  |  | - |  |  |  | 58,603 |  |  |  | 2.90 |
Over 15 years |  |  | - |  |  |  | - |  |  |  | 58,475 |  |  |  | 2.89 |  |  |  | - |  |  |  | - |  |  |  | 58,475 |  |  |  | 2.89 |
Total |  | $ | 5,848 |  |  |  | 1.42 |  |  | $ | 131,425 |  |  |  | 2.94 |  |  | $ | 7,992 |  |  |  | 3.55 |  |  | $ | 145,265 |  |  |  | 2.91 |
FAIR VALUE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Within 1 year |  | $ | - |  |  |  |  |  |  | $ | - |  |  |  |  |  |  | $ | - |  |  |  |  |  |  | $ | - |  |  |  |  |
After 1 year but within 5 years |  |  | 4,918 |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 7,892 |  |  |  |  |  |  |  | 12,810 |  |  |  |  |
After 5 years but within 10 years |  |  | 993 |  |  |  |  |  |  |  | 15,134 |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 16,127 |  |  |  |  |
After 10 years but within 15 years |  |  | - |  |  |  |  |  |  |  | 61,404 |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 61,404 |  |  |  |  |
Over 15 years |  |  | - |  |  |  |  |  |  |  | 61,197 |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 61,197 |  |  |  |  |
Total |  | $ | 5,911 |  |  |  |  |  |  | $ | 137,735 |  |  |  |  |  |  | $ | 7,892 |  |  |  |  |  |  | $ | 151,538 |  |  |  |  |
Investment securities held to maturity:
|  | AT DECEMBER 31, 2012
|  | U.S. AGENCY MORTGAGE-BACKED SECURITIES |  | CORPORATE BONDS AND OTHER |  | TOTAL INVESTMENT SECURITIES HELD TO MATURITY
|  | (IN THOUSANDS, EXCEPT YIELDS)
COST BASIS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Within 1 year |  | $ | - |  |  |  | -% |  |  | $ | 2,000 |  |  |  | 1.46% |  |  | $ | 2,000 |  |  |  | 1.46% |
After 1 year but within 5 years |  |  | - |  |  |  | - |  |  |  | 1,000 |  |  |  | 1.44 |  |  |  | 1,000 |  |  |  | 1.44 |
After 5 years but within 10 years |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
After 10 years but within 15 years |  |  | - |  |  |  | - |  |  |  | 410 |  |  |  | 2.92 |  |  |  | 410 |  |  |  | 2.92 |
Over 15 years |  |  | 9,318 |  |  |  | 3.65 |  |  |  | 995 |  |  |  | 4.04 |  |  |  | 10,313 |  |  |  | 3.69 |
Total |  | $ | 9,318 |  |  |  | 3.65 |  |  | $ | 4,405 |  |  |  | 2.17 |  |  | $ | 13,723 |  |  |  | 3.18 |
FAIR VALUE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Within 1 year |  | $ | - |  |  |  |  |  |  | $ | 1,981 |  |  |  |  |  |  | $ | 1,981 |  |  |  |  |
After 1 year but within 5 years |  |  | - |  |  |  |  |  |  |  | 965 |  |  |  |  |  |  |  | 965 |  |  |  |  |
After 5 years but within 10 years |  |  | - |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  | - |  |  |  |  |
After 10 years but within 15 years |  |  | - |  |  |  |  |  |  |  | 416 |  |  |  |  |  |  |  | 416 |  |  |  |  |
Over 15 years |  |  | 9,896 |  |  |  |  |  |  |  | 1,008 |  |  |  |  |  |  |  | 10,904 |  |  |  |  |
Total |  | $ | 9,896 |  |  |  |  |  |  | $ | 4,370 |  |  |  |  |  |  | $ | 14,266 |  |  |  |  |
Schedule of Investments with Unrealized Losses | The following tables present information concerning investments with unrealized losses as of December 31, 2012 (in thousands): Investment securities available for sale:
|  | LESS THAN 12 MONTHS |  | 12 MONTHS OR LONGER |  | TOTAL
|  | FAIR VALUE |  | UNREALIZED LOSSES |  | FAIR VALUE |  | UNREALIZED LOSSES |  | FAIR VALUE |  | UNREALIZED LOSSES
U.S. Agency |  | $ | 993 |  |  | $ | (7) |  |  | $ | - |  |  | $ | - |  |  | $ | 993 |  |  | $ | (7) |
U.S. Agency mortgage-backed securities |  |  | 1,140 |  |  |  | (8) |  |  |  | 349 |  |  |  | (2) |  |  |  | 1,489 |  |  |  | (10) |
Corporate bonds |  |  | 6,898 |  |  |  | (103) |  |  |  | - |  |  |  | - |  |  |  | 6,898 |  |  |  | (103) |
Total |  | $ | 9,031 |  |  | $ | (118) |  |  | $ | 349 |  |  | $ | (2) |  |  | $ | 9,380 |  |  | $ | (120) |
Investment securities held to maturity:
|  | LESS THAN 12 MONTHS |  | 12 MONTHS OR LONGER |  | TOTAL
|  | FAIR VALUE |  | UNREALIZED LOSSES |  | FAIR VALUE |  | UNREALIZED LOSSES |  | FAIR VALUE |  | UNREALIZED LOSSES
Corporate bonds and other securities |  | $ | 965 |  |  | $ | (35) |  |  | $ | 1,981 |  |  | $ | (20) |  |  | $ | 2,946 |  |  | $ | (55) |
Total |  | $ | 965 |  |  | $ | (35) |  |  | $ | 1,981 |  |  | $ | (20) |  |  | $ | 2,946 |  |  | $ | (55) |
The following tables present information concerning investments with unrealized losses as of December 31, 2011 (in thousands): Investment securities available for sale:
|  | LESS THAN 12 MONTHS |  | 12 MONTHS OR LONGER |  | TOTAL
|  | FAIR VALUE |  | UNREALIZED LOSSES |  | FAIR VALUE |  | UNREALIZED LOSSES |  | FAIR VALUE |  | UNREALIZED LOSSES
U.S. Agency |  | $ | 3,161 |  |  | $ | (28 | ) |  | $ | - |  |  | $ | - |  |  | $ | 3,161 |  |  | $ | (28 | )
U.S. Agency mortgage-backed securities |  |  | 613 |  |  |  | (7 | ) |  |  | - |  |  |  | - |  |  |  | 613 |  |  |  | (7 | )
Total |  | $ | 3,774 |  |  | $ | (35 | ) |  | $ | - |  |  | $ | - |  |  | $ | 3,774 |  |  | $ | (35 | )
Investment securities held to maturity:
|  | LESS THAN 12 MONTHS |  | 12 MONTHS OR LONGER |  | TOTAL
|  | FAIR VALUE |  | UNREALIZED LOSSES |  | FAIR VALUE |  | UNREALIZED LOSSES |  | FAIR VALUE |  | UNREALIZED LOSSES
Other securities |  | $ | 1,991 |  |  | $ | (9 | ) |  | $ | - |  |  | $ | - |  |  | $ | 1,991 |  |  | $ | (9 | )
Total |  | $ | 1,991 |  |  | $ | (9 | ) |  | $ | - |  |  | $ | - |  |  | $ | 1,991 |  |  | $ | (9 | )

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