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DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

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

The following table presents the assets and liability measured and reported on the Consolidated Balance Sheets on a recurring basis at their fair value as of December 31, 2018 and 2017, by level within the fair value hierarchy (in thousands).

		FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2018 USING
		TOTAL				(LEVEL 1)				(LEVEL 2)				(LEVEL 3)
U.S. Agency securities		$	7,529			$	—			$	7,529			$	—
Municipal securities			13,181				—				13,181				—
Corporate bonds			36,494				—				36,494				—
U.S. Agency mortgage-backed securities			89,527				—				89,527				—
Fair value swap asset			257				—				257				—
Fair value swap liability			(257	)			—				(257	)			—

		FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2017 USING
		TOTAL				(LEVEL 1)				(LEVEL 2)				(LEVEL 3)
U.S. Agency securities		$	6,572			$	—			$	6,572			$	—
Municipal securities			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, Nonrecurring [Table Text Block]

Assets measured and recorded at fair value on a non-recurring basis are summarized below (in thousands, except range data):

		FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2018 USING
		TOTAL				(LEVEL 1)				(LEVEL 2)				(LEVEL 3)
Impaired loans		$	—			$	—			$	—			$	—
Other real estate owned			157				—				—				157

																														FAIR VALUE MEASUREMENTS AT DECEMBER 31, 2017 USING
																														TOTAL																				(LEVEL 1)				(LEVEL 2)				(LEVEL 3)
Impaired loans																														$	851																			$	—			$	—			$	851
Other real estate owned																															18																				—				—				18

Quantitative Information About Level 3 Fair Value Measurements

December 31, 2018

Fair Value

Valuation Techniques

Unobservable Input

Range (Wgtd Ave)

Impaired loans

$

—

Appraisal of collateral(1),(3)

Appraisal adjustments(2)

100% (100)%

Other real estate owned

157

Appraisal of collateral(1),(3)

Appraisal adjustments(2)

0% to 39% (8)%

Liquidation expenses

21% to 195% (40)%

Quantitative Information About Level 3 Fair Value Measurements

December 31, 2017

Fair Value

Valuation Techniques

Unobservable Input

Range (Wgtd Ave)

Impaired loans

$

851

Appraisal of collateral(1),(3)

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% to 206% (79)%

(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.

(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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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