5. INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2015

Investment securities activity

Schedule of Securities Amortized Cost and Estimated Fair Value

			Gross		Gross		Approximate
	Amortized		Unrealized		Unrealized		Fair
(Dollars are in thousands)	Cost		Gains		Losses		Value
December 31, 2015
U.S. Government Agencies	$	41,488	$	244	$	209	$	41,523
Taxable municipals		3,337		5		61		3,281
Corporate bonds		1,944		15		20		1,939
Mortgage backed securities		55,369		41		511		54,899
Total Securities AFS		102,138	$	305	$	801	$	101,642
December 31, 2014
U.S. Government Agencies	$	43,985	$	332	$	247	$	44,070
Taxable municipals		293		—		5		288
Corporate bonds		—		—		—		—
Mortgage backed securities		55,896		144		329		55,711
Total Securities AFS	$	100,174	$	476	$	581	$	100,069

Schedule of Fair Value and Gross Unrealized Losses on Investment Securities In A Continuous Unrealized Loss Position

	Less than 12 Months				12 Months or More				Total
(Dollars are in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
December 31, 2015
U.S. Government Agencies	$	14,995	$	81	$	7,708	$	128	$	22,073	$	209
Taxable municipals		2,136		57		278		4		2,414		61
Corporate bonds		923		20		—		—		923		20
Mtg. backed securities		38,945		354		8,719		157		47,664		511
Total Securities AFS	$	56,999	$	512	$	16,705	$	289	$	73,074	$	801
December 31, 2014
U.S. Government Agencies	$	7,408	$	38	$	12,965	$	209	$	20,373	$	247
Taxable municipals		288		5		—		—		288		5
Mtg. backed securities		21,083		179		11,622		150		32,705		329
Total Securities AFS	$	28,779	$	222	$	24,587	$	359	$	53,366	$	581

Amortized Cost and Fair Value Of Investment Securities Contractual Maturity

					Weighted
(Dollars are in thousands)	Amortized		Fair		Average
Securities Available for Sale	Cost		Value		Yield
Due in one year or less	$	—	$	—		—	%
Due after one year through five years		3,178		3,176		1.22	%
Due after five years through ten years		13,521		13,459		2.09	%
Due after ten years		85,439		85,007		1.94	%
Total	$	102,138	$	101,642		1.93	%