INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2017

Investment Securities Activity

Schedule of securities' amortized cost and estimated fair value

The amortized cost and estimated fair value of securities (all available-for-sale (“AFS”)) are as follows:

			Gross		Gross		Approximate
	Amortized		Unrealized		Unrealized		Fair
(Dollars are in thousands)	Cost		Gains		Losses		Value
June 30, 2017
U.S. Government Agencies	$	26,789	$	182	$	126	$	26,845
Taxable municipals		2,325		14		24		2,315
Corporate bonds		4,860		230		—		5,090
Mortgage backed securities		41,905		43		403		41,545
Total Securities AFS	$	75,879	$	469	$	553	$	75,795
December 31, 2016
U.S. Government Agencies	$	24,821	$	80	$	269	$	24,632
Taxable municipals		2,340		2		50		2,292
Corporate bonds		3,600		149		—		3,749
Mortgage backed securities		39,941		25		628		39,338
Total Securities AFS	$	70,702	$	256	$	947	$	70,011

Schedule of fair value and gross unrealized losses on investment securities in a continuous unrealized loss position

The following table details unrealized losses and related fair values in the available-for-sale portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2017 and December 31, 2016.

	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
June 30, 2017
U.S. Government Agencies	$	9,829	$	117	$	1,496	$	9	$	11,325	$	126
Taxable municipals		779		24		—		—		779		24
Corporate bonds		—		—		—		—		—		—
Mtg. backed securities		26,676		278		7,031		125		33,707		403
Total Securities AFS	$	37,284	$	419	$	8,527	$	134	$	45,811	$	553
December 31, 2016
U.S. Government Agencies	$	12,081	$	250	$	2,449	$	19	$	14,530	$	269
Taxable municipals		1,561		50		—		—		1,561		50
Corporate bonds		500		—		—		—		500		—
Mtg. backed securities		28,680		543		4,655		85		33,335		628
Total Securities AFS	$	42,822	$	843	$	7,104	$	104	$	49,926	$	947

Schedule of gross realized gains and losses

Gross realized gains and losses pertaining to the sale of investment securities available for sale are detailed as follows:

	For the three months ended June 30,					For the six months ended June 30,
(Dollars are in thousands)	2017		2016			2017		2016
Gross gains realized	$	—	$	156		$	—	$	275
Gross losses realized		—		(21	)		—		(35	)
Net realized gains	$	—	$	135		$	—	$	240

Schedule of amortized cost and fair value of investment securities' contractual maturity

The amortized cost and fair value of investment securities at June 30, 2017, by contractual maturity, are shown in the following schedule. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

					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		4,101		4,099		2.00	%
Due after five years through ten years		16,608		16,788		2.86	%
Due after ten years		55,170		54,908		2.09	%
Total	$	75,879	$	75,795		2.25	%