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PARENT COMPANY FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2013
PARENT COMPANY FINANCIAL INFORMATION [Abstract] |
Balance Sheets | ##### BALANCE SHEETS
|  | AT DECEMBER 31,
|  | 2013 |  | 2012
|  | (IN THOUSANDS)
ASSETS |  |  |  |  |  |  |  |
Cash |  | $ | 100 |  |  | $ | 100 |
Short-term investments in money market funds |  |  | 6,561 |  |  |  | 6,085 |
Investment securities available for sale |  |  | 11,909 |  |  |  | 10,534 |
Equity investment in banking subsidiary |  |  | 99,250 |  |  |  | 99,121 |
Equity investment in non-banking subsidiaries |  |  | 5,321 |  |  |  | 5,017 |
Guaranteed junior subordinated deferrable interest debenture issuance costs |  |  | 224 |  |  |  | 240 |
Other assets |  |  | 4,352 |  |  |  | 2,713 |
TOTAL ASSETS |  | $ | 127,717 |  |  | $ | 123,810 |
LIABILITIES |  |  |  |  |  |  |  |
Guaranteed junior subordinated deferrable interest debentures |  | $ | 13,085 |  |  | $ | 13,085 |
Other liabilities |  |  | 1,325 |  |  |  | 257 |
TOTAL LIABILITIES |  |  | 14,410 |  |  |  | 13,342 |
STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Total stockholders' equity |  |  | 113,307 |  |  |  | 110,468 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |  | $ | 127,717 |  |  | $ | 123,810 |
Statements of Operations | STATEMENTS OF OPERATIONS
|  | YEAR ENDED DECEMBER 31,
|  | 2013 |  | 2012 |  | 2011
|  | (IN THOUSANDS)
INCOME |  |  |  |  |  |  |  |  |  |  |  |
Inter-entity management and other fees |  | $ | 2,355 |  |  | $ | 2,355 |  |  | $ | 2,329 |
Dividends from banking subsidiary |  |  | 5,500 |  |  |  | 8,000 |  |  |  | 2,500 |
Dividends from non-banking subsidiaries |  |  | 675 |  |  |  | 710 |  |  |  | 620 |
Interest and dividend income |  |  | 243 |  |  |  | 306 |  |  |  | 415 |
TOTAL INCOME |  |  | 8,773 |  |  |  | 11,371 |  |  |  | 5,864 |
EXPENSE |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 1,121 |  |  |  | 1,121 |  |  |  | 1,121 |
Salaries and employee benefits |  |  | 2,502 |  |  |  | 2,368 |  |  |  | 2,394 |
Other expense |  |  | 1,608 |  |  |  | 1,582 |  |  |  | 1,477 |
TOTAL EXPENSE |  |  | 5,231 |  |  |  | 5,071 |  |  |  | 4,992 |
INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES |  |  | 3,542 |  |  |  | 6,300 |  |  |  | 872 |
Benefit for income taxes |  |  | 895 |  |  |  | 819 |  |  |  | 764 |
Equity in undistributed earnings of subsidiaries |  |  | 756 |  |  |  | (2,080 | ) |  |  | 4,901 |
NET INCOME |  | $ | 5,193 |  |  | $ | 5,039 |  |  | $ | 6,537 |
COMPREHENSIVE INCOME |  | $ | 4,697 |  |  | $ | 3,320 |  |  | $ | 7,739 |
Statements of Cash Flows | STATEMENTS OF CASH FLOWS
|  | YEAR ENDED DECEMBER 31,
|  | 2013 |  | 2012 |  | 2011
|  | (IN THOUSANDS)
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 5,193 |  |  | $ | 5,039 |  |  | $ | 6,537 |
Adjustment to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  |  | (756) |  |  |  | 2,080 |  |  |  | (4,901 | )
Stock compensation expense |  |  | 82 |  |  |  | 38 |  |  |  | 15 |
Other - net |  |  | (718) |  |  |  | (989 | ) |  |  | (285 | )
NET CASH PROVIDED BY OPERATING ACTIVITIES |  |  | 3,801 |  |  |  | 6,168 |  |  |  | 1,366 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Purchase of investment securities - available for sale |  |  | (3,885) |  |  |  | (2,077 | ) |  |  | (3,049 | )
Proceeds from maturity of investment securities - available for sale |  |  | 2,506 |  |  |  | 2,809 |  |  |  | 5,942 |
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES |  |  | (1,379) |  |  |  | 732 |  |  |  | 2,893 |
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Purchase of treasury stock |  |  | (1,171) |  |  |  | (4,417 | ) |  |  | (582 | )
TARP warrant repurchase |  |  | - |  |  |  | - |  |  |  | (825 | )
Preferred stock dividends paid |  |  | (209) |  |  |  | (828 | ) |  |  | (1,054 | )
Common stock dividends paid |  |  | (566) |  |  |  | - |  |  |  | - |
NET CASH USED IN FINANCING ACTIVITIES |  |  | (1,946) |  |  |  | (5,245 | ) |  |  | (2,461 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS |  |  | 476 |  |  |  | 1,655 |  |  |  | 1,798 |
CASH AND CASH EQUIVALENTS AT JANUARY 1 |  |  | 6,185 |  |  |  | 4,530 |  |  |  | 2,732 |
CASH AND CASH EQUIVALENTS AT DECEMBER 31 |  | $ | 6,661 |  |  | $ | 6,185 |  |  | $ | 4,530 |

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