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INVESTMENT SECURITIES (Tables) | 12 Months Ended
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Dec. 31, 2013
INVESTMENT SECURITIES [Abstract] |
Schedule of Cost Basis and Fair Values of Investment Securities | Investment securities available for sale:
|  | AT DECEMBER 31, 2013
|  | COST BASIS |  | GROSS UNREALIZED GAINS |  | GROSS UNREALIZED LOSSES |  | FAIR VALUE
|  | (IN THOUSANDS)
U.S. Agency |  | $ | 6,926 |  |  | $ | 35 |  |  | $ | (126) |  |  | $ | 6,835 |
Corporate bonds |  |  | 11,992 |  |  |  | 21 |  |  |  | (252) |  |  |  | 11,761 |
U.S. Agency mortgage-backed securities |  |  | 121,480 |  |  |  | 3,129 |  |  |  | (1,227) |  |  |  | 123,382 |
Total |  | $ | 140,398 |  |  | $ | 3,185 |  |  | $ | (1,605) |  |  | $ | 141,978 |
Investment securities held to maturity:
|  | AT DECEMBER 31, 2013
|  | COST BASIS |  | GROSS UNREALIZED GAINS |  | GROSS UNREALIZED LOSSES |  | FAIR VALUE
|  | (IN THOUSANDS)
U.S. Agency mortgage-backed securities |  | $ | 12,671 |  |  | $ | 289 |  |  | $ | (477) |  |  | $ | 12,483 |
Taxable municipal |  |  | 1,521 |  |  |  | - |  |  |  | (120) |  |  |  | 1,401 |
Corporate bonds and other securities |  |  | 3,995 |  |  |  | - |  |  |  | (91) |  |  |  | 3,904 |
Total |  | $ | 18,187 |  |  | $ | 289 |  |  | $ | (688) |  |  | $ | 17,788 |
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 |
Schedule of Contractual Maturities of Securities | Investment securities available for sale:
|  | AT DECEMBER 31, 2013
|  | 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 |  |  | 5,926 |  |  |  | 1.50 |  |  |  | 1,813 |  |  |  | 4.54 |  |  |  | 7,994 |  |  |  | 1.56 |  |  |  | 15,733 |  |  |  | 1.90 |
After 5 years but within 10 years |  |  | 1,000 |  |  |  | 1.43 |  |  |  | 12,381 |  |  |  | 2.88 |  |  |  | 3,998 |  |  |  | 1.91 |  |  |  | 17,379 |  |  |  | 2.59 |
After 10 years but within 15 years |  |  | - |  |  |  | - |  |  |  | 64,347 |  |  |  | 2.74 |  |  |  | - |  |  |  | - |  |  |  | 64,347 |  |  |  | 2.74 |
Over 15 years |  |  | - |  |  |  | - |  |  |  | 42,939 |  |  |  | 2.74 |  |  |  | - |  |  |  | - |  |  |  | 42,939 |  |  |  | 2.74 |
Total |  | $ | 6,926 |  |  |  | 1.49 |  |  | $ | 121,480 |  |  |  | 2.78 |  |  | $ | 11,992 |  |  |  | 1.68 |  |  | $ | 140,398 |  |  |  | 2.63 |
FAIR VALUE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Within 1 year |  | $ | - |  |  |  |  |  |  | $ | - |  |  |  |  |  |  | $ | - |  |  |  |  |  |  | $ | - |  |  |  |  |
After 1 year but within 5 years |  |  | 5,898 |  |  |  |  |  |  |  | 1,934 |  |  |  |  |  |  |  | 7,947 |  |  |  |  |  |  |  | 15,779 |  |  |  |  |
After 5 years but within 10 years |  |  | 937 |  |  |  |  |  |  |  | 12,735 |  |  |  |  |  |  |  | 3,814 |  |  |  |  |  |  |  | 17,486 |  |  |  |  |
After 10 years but within 15 years |  |  | - |  |  |  |  |  |  |  | 64,751 |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 64,751 |  |  |  |  |
Over 15 years |  |  | - |  |  |  |  |  |  |  | 43,962 |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 43,962 |  |  |  |  |
Total |  | $ | 6,835 |  |  |  |  |  |  | $ | 123,382 |  |  |  |  |  |  | $ | 11,761 |  |  |  |  |  |  | $ | 141,978 |  |  |  |  |
Investment securities held to maturity:
|  | AT DECEMBER 31, 2013
|  | 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 |  | $ | - |  |  |  | -% |  |  | $ | - |  |  |  | -% |  |  | $ | - |  |  |  | -% |
After 1 year but within 5 years |  |  | - |  |  |  | - |  |  |  | 3,000 |  |  |  | 1.46 |  |  |  | 3,000 |  |  |  | 1.46 |
After 5 years but within 10 years |  |  | 1,760 |  |  |  | 2.10 |  |  |  | - |  |  |  | - |  |  |  | 1,760 |  |  |  | 2.10 |
After 10 years but within 15 years |  |  | - |  |  |  | - |  |  |  | 1,011 |  |  |  | 3.14 |  |  |  | 1,011 |  |  |  | 3.14 |
Over 15 years |  |  | 10,911 |  |  |  | 3.49 |  |  |  | 1,505 |  |  |  | 4.54 |  |  |  | 12,416 |  |  |  | 3.62 |
Total |  | $ | 12,671 |  |  |  | 3.30 |  |  | $ | 5,516 |  |  |  | 2.61 |  |  | $ | 18,187 |  |  |  | 3.09 |
FAIR VALUE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Within 1 year |  | $ | - |  |  |  |  |  |  | $ | - |  |  |  |  |  |  | $ | - |  |  |  |  |
After 1 year but within 5 years |  |  | - |  |  |  |  |  |  |  | 2,966 |  |  |  |  |  |  |  | 2,966 |  |  |  |  |
After 5 years but within 10 years |  |  | 1,618 |  |  |  |  |  |  |  | - |  |  |  |  |  |  |  | 1,618 |  |  |  |  |
After 10 years but within 15 years |  |  | - |  |  |  |  |  |  |  | 891 |  |  |  |  |  |  |  | 891 |  |  |  |  |
Over 15 years |  |  | 10,865 |  |  |  |  |  |  |  | 1,448 |  |  |  |  |  |  |  | 12,313 |  |  |  |  |
Total |  | $ | 12,483 |  |  |  |  |  |  | $ | 5,305 |  |  |  |  |  |  | $ | 17,788 |  |  |  |  |
Schedule of Information Concerning Investments with Unrealized Losses | 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 |  | $ | 3,812 |  |  | $ | (64) |  |  | $ | 938 |  |  | $ | (62) |  |  | $ | 4,750 |  |  | $ | (126) |
U.S. Agency mortgage-backed securities |  |  | 43,402 |  |  |  | (1,224) |  |  |  | 669 |  |  |  | (3) |  |  |  | 44,071 |  |  |  | (1,227) |
Corporate bonds |  |  | 6,777 |  |  |  | (215) |  |  |  | 1,963 |  |  |  | (37) |  |  |  | 8,740 |  |  |  | (252) |
Total |  | $ | 53,991 |  |  | $ | (1,503) |  |  | $ | 3,570 |  |  | $ | (102) |  |  | $ | 57,561 |  |  | $ | (1,605) |
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/taxable municipals and other securities |  | $ | 3,801 |  |  | $ | (205) |  |  | $ | 994 |  |  | $ | (6) |  |  | $ | 4,795 |  |  | $ | (211) |
U.S. Agency mortgage-backed securities |  |  | 8,761 |  |  |  | (477) |  |  |  | - |  |  |  | - |  |  |  | 8,761 |  |  |  | (477) |
Total |  | $ | 12,562 |  |  | $ | (682) |  |  | $ | 994 |  |  | $ | (6) |  |  | $ | 13,556 |  |  | $ | (688) |
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 | )

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