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INVESTMENT SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2015
Investment Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]
Investment securities available for sale:
 
 
 
 
 
 
AT DECEMBER 31, 2015
  
 
COST
BASIS
 
GROSS
UNREALIZED
GAINS
 
GROSS
UNREALIZED
LOSSES
 
FAIR
VALUE
  
 
(IN THOUSANDS)
U.S. Agency
 
$
2,900
 
 
$
—
 
 
$
(19
) 
 
$
2,881
 
Corporate bonds
 
 
18,541
 
 
 
18
 
 
 
(307
) 
 
 
18,252
 
U.S. Agency mortgage-backed securities
 
 
96,801
 
 
 
1,975
 
 
 
(442
) 
 
 
98,334
 
Total
 
$
118,242
 
 
$
1,993
 
 
$
(768
) 
 
$
119,467
 
Investment securities held to maturity:
 
 
 
 
 
 
AT DECEMBER 31, 2015
  
 
COST
BASIS
 
GROSS
UNREALIZED
GAINS
 
GROSS
UNREALIZED
LOSSES
 
FAIR
VALUE
  
 
(IN THOUSANDS)
U.S. Agency mortgage-backed securities
 
$
10,827
 
 
$
247
 
 
$
(53
) 
 
$
11,021
 
Taxable municipal
 
 
5,592
 
 
 
67
 
 
 
(65
) 
 
 
5,594
 
Corporate bonds and other securities
 
 
5,000
 
 
 
3
 
 
 
(85
) 
 
 
4,918
 
Total
 
$
21,419
 
 
$
317
 
 
$
(203
) 
 
$
21,533
 
Investment securities available for sale:
 
 
 
 
 
 
AT DECEMBER 31, 2014
  
 
COST
BASIS
 
GROSS
UNREALIZED
GAINS
 
GROSS
UNREALIZED
LOSSES
 
FAIR
VALUE
  
 
(IN THOUSANDS)
U.S. Agency
 
$
5,931
 
 
$
21
 
 
$
(46
) 
 
$
5,906
 
Corporate bonds
 
 
15,497
 
 
 
61
 
 
 
(122
) 
 
 
15,436
 
U.S. Agency mortgage-backed securities
 
 
102,888
 
 
 
3,197
 
 
 
(317
) 
 
 
105,768
 
Total
 
$
124,316
 
 
$
3,279
 
 
$
(485
) 
 
$
127,110
 
Investment securities held to maturity:
 
 
 
 
 
 
AT DECEMBER 31, 2014
  
 
COST
BASIS
 
GROSS
UNREALIZED
GAINS
 
GROSS
UNREALIZED
LOSSES
 
FAIR
VALUE
  
 
(IN THOUSANDS)
U.S. Agency mortgage-backed securities
 
$
12,481
 
 
$
395
 
 
$
(50
) 
 
$
12,826
 
Taxable municipal
 
 
3,364
 
 
 
74
 
 
 
(24
) 
 
 
3,414
 
Corporate bonds and other securities
 
 
3,995
 
 
 
6
 
 
 
(28
) 
 
 
3,973
 
Total
 
$
19,840
 
 
$
475
 
 
$
(102
) 
 
$
20,213
 
Investments Classified by Contractual Maturity Date [Table Text Block]
Investment securities available for sale:
 
 
 
 
 
 
 
 
 
 
AT DECEMBER 31, 2015
  
 
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
 
$
—
 
 
 
—%
 
 
$
—
 
 
 
—%
 
 
$
1,000
 
 
 
2.31
% 
 
$
1,000
 
 
 
2.31
% 
After 1 year but within 5 years
 
 
2,400
 
 
 
1.27
 
 
 
1,206
 
 
 
4.39
 
 
 
8,000
 
 
 
1.82
 
 
 
11,606
 
 
 
1.98
 
After 5 years but within 10 years
 
 
500
 
 
 
1.97
 
 
 
16,807
 
 
 
3.01
 
 
 
9,541
 
 
 
2.64
 
 
 
26,848
 
 
 
2.86
 
After 10 years but within 15 years
 
 
—
 
 
 
—
 
 
 
41,448
 
 
 
2.45
 
 
 
—
 
 
 
—
 
 
 
41,448
 
 
 
2.45
 
Over 15 years
 
 
—
 
 
 
—
 
 
 
37,340
 
 
 
2.37
 
 
 
—
 
 
 
—
 
 
 
37,340
 
 
 
2.37
 
Total
 
$
2,900
 
 
 
1.39
 
 
$
96,801
 
 
 
2.54
 
 
$
18,541
 
 
 
2.27
 
 
$
118,242
 
 
 
2.47
 
FAIR VALUE
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Within 1 year
 
$
—
 
 
 
  
 
 
$
—
 
 
 
  
 
 
$
999
 
 
 
  
 
 
$
999
 
 
 
  
 
After 1 year but within 5 years
 
 
2,385
 
 
 
  
 
 
 
1,253
 
 
 
  
 
 
 
7,977
 
 
 
  
 
 
 
11,615
 
 
 
  
 
After 5 years but within 10 years
 
 
496
 
 
 
  
 
 
 
17,351
 
 
 
  
 
 
 
9,276
 
 
 
  
 
 
 
27,123
 
 
 
  
 
After 10 years but within 15 years
 
 
—
 
 
 
  
 
 
 
41,834
 
 
 
  
 
 
 
—
 
 
 
  
 
 
 
41,834
 
 
 
  
 
Over 15 years
 
 
—
 
 
 
 
 
 
37,896
 
 
 
 
 
 
—
 
 
 
 
 
 
37,896
 
 
 
 
Total
 
$
2,881
 
 
 
 
 
$
98,334
 
 
 
 
 
$
18,252
 
 
 
 
 
$
119,467
 
 
 
 
Investment securities held to maturity:
 
 
 
 
 
 
 
 
AT DECEMBER 31, 2015
  
 
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
 
$
—
 
 
 
—%
 
 
$
1,000
 
 
 
1.67
% 
 
$
1,000
 
 
 
1.67
% 
After 1 year but within 5 years
 
 
—
 
 
 
—
 
 
 
2,000
 
 
 
1.78
 
 
 
2,000
 
 
 
1.78
 
After 5 years but within 10 years
 
 
2,898
 
 
 
2.40
 
 
 
4,719
 
 
 
4.05
 
 
 
7,617
 
 
 
3.42
 
After 10 years but within 15 years
 
 
—
 
 
 
—
 
 
 
2,115
 
 
 
3.85
 
 
 
2,115
 
 
 
3.85
 
Over 15 years
 
 
7,929
 
 
 
3.30
 
 
 
758
 
 
 
4.97
 
 
 
8,687
 
 
 
3.45
 
Total
 
$
10,827
 
 
 
3.06
 
 
$
10,592
 
 
 
3.42
 
 
$
21,419
 
 
 
3.24
 
FAIR VALUE
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Within 1 year
 
$
—
 
 
 
  
 
 
$
995
 
 
 
  
 
 
$
995
 
 
 
  
 
After 1 year but within 5 years
 
 
—
 
 
 
  
 
 
 
1,930
 
 
 
  
 
 
 
1,930
 
 
 
  
 
After 5 years but within 10 years
 
 
2,857
 
 
 
  
 
 
 
4,710
 
 
 
  
 
 
 
7,567
 
 
 
  
 
After 10 years but within 15 years
 
 
—
 
 
 
  
 
 
 
2,081
 
 
 
  
 
 
 
2,081
 
 
 
  
 
Over 15 years
 
 
8,164
 
 
 
 
 
 
796
 
 
 
 
 
 
8,960
 
 
 
 
Total
 
$
11,021
 
 
 
 
 
$
10,512
 
 
 
 
 
$
21,533
 
 
 
 
Schedule of Unrealized Loss on Investments [Table Text Block]
The following tables present information concerning investments with unrealized losses as of December 31, 2015 (in thousands):
 
 
 
 
 
 
 
Total investment securities:
 
LESS THAN 12 MONTHS
 
12 MONTHS OR LONGER
 
TOTAL
 
FAIR
VALUE
 
UNREALIZED
LOSSES
 
FAIR
VALUE
 
UNREALIZED
LOSSES
 
FAIR
VALUE
 
UNREALIZED
LOSSES
U.S. Agency
 
$
1,486
 
 
$
(14
) 
 
$
395
 
 
$
(5)
 
 
$
1,881
 
 
$
(19
) 
U.S. Agency mortgage-backed securities
 
 
33,359
 
 
 
(245
) 
 
 
9,088
 
 
 
(250
) 
 
 
42,447
 
 
 
(495
) 
Taxable municipal
 
 
3,617
 
 
 
(65
) 
 
 
—
 
 
 
—
 
 
 
3,617
 
 
 
(65
) 
Corporate bonds and other securities
 
 
8,884
 
 
 
(160
) 
 
 
7,766
 
 
 
(232
) 
 
 
16,650
 
 
 
(392
) 
Total
 
$
47,346
 
 
$
(484
) 
 
$
17,249
 
 
$
(487
) 
 
$
64,595
 
 
$
(971
) 
The following tables present information concerning investments with unrealized losses as of December 31, 2014 (in thousands):
 
 
 
 
 
 
 
Total investment securities:
 
LESS THAN 12 MONTHS
 
12 MONTHS OR LONGER
 
TOTAL
 
FAIR
VALUE
 
UNREALIZED
LOSSES
 
FAIR
VALUE
 
UNREALIZED
LOSSES
 
FAIR
VALUE
 
UNREALIZED
LOSSES
U.S. Agency
 
$
996
 
 
$
(4
) 
 
$
2,858
 
 
$
(42
) 
 
$
3,854
 
 
$
(46
) 
U.S. Agency mortgage-backed securities
 
 
2,826
 
 
 
(13
) 
 
 
20,408
 
 
 
(354
) 
 
 
23,234
 
 
 
(367
) 
Taxable municipal
 
 
150
 
 
 
(1
) 
 
 
988
 
 
 
(23
) 
 
 
1,138
 
 
 
(24
) 
Corporate bonds and other securities
 
 
2,960
 
 
 
(43
) 
 
 
8,891
 
 
 
(107
) 
 
 
11,851
 
 
 
(150
) 
Total
 
$
6,932
 
 
$
(61
) 
 
$
33,145
 
 
$
(526
) 
 
$
40,077
 
 
$
(587
)