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DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
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, 2017 USING
  
 
TOTAL
 
(LEVEL 1)
 
(LEVEL 2)
 
(LEVEL 3)
U.S. Agency securities
 
$
6,572
 
 
$
—
 
 
$
6,572
 
 
$
—
 
Taxable municipal
 
 
7,036
 
 
 
—
 
 
 
7,036
 
 
 
—
 
Corporate bonds
 
 
35,784
 
 
 
—
 
 
 
35,784
 
 
 
—
 
U.S. Agency mortgage-backed securities
 
 
79,746
 
 
 
—
 
 
 
79,746
 
 
 
—
 
Fair value swap asset
 
 
92
 
 
 
—
 
 
 
—
 
 
 
92
 
Fair value swap liability
 
 
(92
) 
 
 
—
 
 
 
—
 
 
 
(92
) 
  
 
 
 
FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2016 USING
  
 
TOTAL
 
(LEVEL 1)
 
(LEVEL 2)
 
(LEVEL 3)
U.S. Agency securities
 
$
398
 
 
$
—
 
 
$
398
 
 
$
—
 
Taxable municipal
 
 
3,622
 
 
 
—
 
 
 
3,622
 
 
 
—
 
Corporate bonds
 
 
33,873
 
 
 
—
 
 
 
33,873
 
 
 
—
 
U.S. Agency mortgage-backed securities
 
 
89,184
 
 
 
—
 
 
 
89,184
 
 
 
—
 
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, 2017 USING
  
 
TOTAL
 
(LEVEL 1)
 
(LEVEL 2)
 
(LEVEL 3)
Assets:
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Impaired loans
 
$
850
 
 
$
—
 
 
$
—
 
 
$
850
 
Other real estate owned
 
 
18
 
 
 
—
 
 
 
—
 
 
 
18
 
 
 
 
 
 
 
FAIR VALUE MEASUREMENTS
AT DECEMBER 31, 2016 USING
  
 
TOTAL
 
(LEVEL 1)
 
(LEVEL 2)
 
(LEVEL 3)
Assets:
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Impaired loans
 
$
147
 
 
$
—
 
 
$
—
 
 
$
147
 
Other real estate owned
 
 
21
 
 
 
—
 
 
 
—
 
 
 
21
 
 
 
December 31, 2017
 
Quantitative Information About Level 3 Fair Value Measurements
 
Fair Value
 
Valuation Techniques
 
Unobservable Input
 
Range (Wgtd Ave)
Impaired loans
 
$
850
 
 
 
Appraisal of collateral(1)
 
 
 
Appraisal adjustments(2)
 
 
 
21% to 75% (54)%
 
Other real estate owned
 
 
18
 
 
 
Appraisal of collateral(1),(3)
 
 
 
Appraisal adjustments(2)
 
 
 
16% to 64% (29)%
 
  
 
 
  
 
 
 
  
 
 
 
Liquidation expenses(2)
 
 
 
2% to 206% (79)%
 
 
 
December 31, 2016
 
Quantitative Information About Level 3 Fair Value Measurements
 
Fair Value
 
Valuation Techniques
 
Unobservable Input
 
Range (Wgtd Ave)
Impaired loans
 
$
147
 
 
 
Appraisal of collateral(1)
 
 
 
Appraisal adjustments(2)
 
 
 
40% to 99% (45)%
 
Other real estate owned
 
 
21
 
 
 
Appraisal of collateral(1),(3)
 
 
 
Appraisal adjustments(2)
 
 
 
20% to 77% (42)%
 
  
 
 
  
 
 
 
  
 
 
 
Liquidation expenses(2)
 
 
 
3% to 199% (37)%
 
 
(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.