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DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Disclosures about Fair Value Measurements [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liability measured at fair value on a recurring basis are summarized below (in thousands):

		FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2015 USING
		TOTAL				(LEVEL 1)				(LEVEL 2)				(LEVEL 3)
Assets:
U.S. Agency securities		$	2,881			$	—			$	2,881			$	—
U.S. Agency mortgage-backed securities			98,334				—				98,334				—
Corporate bonds			18,252				—				18,252				—

		FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2014 USING
		TOTAL				(LEVEL 1)				(LEVEL 2)				(LEVEL 3)
Assets:
U.S. Agency securities		$	5,906			$	—			$	5,906			$	—
U.S. Agency mortgage-backed securities			105,768				—				105,768				—
Corporate bonds			15,436				—				15,436				—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

Assets measured at fair value on a non-recurring basis are summarized below (in thousands):

		FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2015 USING
		TOTAL				(LEVEL 1)				(LEVEL 2)				(LEVEL 3)
Assets:
Impaired loans		$	3,115			$	—			$	—			$	3,115
Other real estate owned			75				—				—				75

		FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2014 USING
		TOTAL				(LEVEL 1)				(LEVEL 2)				(LEVEL 3)
Assets:
Impaired loans		$	469			$	—			$	—			$	469
Other real estate owned			512				—				—				512

December 31, 2015

Quantitative Information About Level 3 Fair Value Measurements

Fair Value

Valuation Techniques

Unobservable Input

Range (Wgtd Ave)

Impaired loans

$

3,115

Appraisal of collateral(1)

Appraisal adjustments(2)

15% to 20% (17%)

Other real estate owned

75

Appraisal of collateral(1),(3)

Appraisal adjustments(2)

23% to 49% (35%)

Liquidation expenses(2)

10% to 59% (25%)

December 31, 2014

Quantitative Information About Level 3 Fair Value Measurements

Fair Value

Valuation Techniques

Unobservable Input

Range (Wgtd Ave)

Impaired loans

$

469

Appraisal of collateral(1)

Appraisal adjustments(2)

0% to 37%(30%)

Liquidation expenses(2)

1% to 15%(10%)

Other real estate owned

512

Appraisal of collateral(1),(3)

Appraisal adjustments(2)

47% to 83%(55%)

Liquidation expenses(2)

1% to 61%(9%)

(1) Fair Value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.

(3) Includes qualitative adjustments by management and estimated liquidation expenses.

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring 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 Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

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