INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 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) are as follows:

					Gross		Gross		Approximate
		Amortized			Unrealized		Unrealized		Fair
(Dollars are in thousands)		Cost			Gains		Losses		Value
December 31, 2017
U.S. Government Agencies	$	23,986		$	79	$	221	$	23,844
Taxable municipals			4,466		9		78		4,397
Corporate bonds			5,437		168		26		5,579
Mortgage backed securities			37,950		3		685		37,268
Total Securities AFS	$	71,839		$	259	$	1,010	$	71,088
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

This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of December 31, 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
December 31, 2017
U.S. Government Agencies	$	7,840	$	69	$	7,189	$	152	$	15,029	$	221
Taxable municipals		2,403		44		767		34		3,170		78
Corporate bonds		1,507		26		-		-		1,507		26
Mtg. backed securities		14,720		145		21,500		540		36,220		685
Total Securities AFS	$	26,470	$	284	$	29,456	$	726	$	55,926	$	1,010
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 pertaining to the sale of investment securities available for sale

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

		For the years ended December 31,
(Dollars are in thousands)		2017		2016
Gross gains realized	$	30	$	366
Gross losses realized		(30)		(63)
Net realized gains	$	-	$	30

Amortized Cost and Fair Value Of Investment Securities Contractual Maturity

The amortized cost and fair value of investment securities at December 31, 2017, by contractual maturity, are shown in the following schedule.

						Weighted
(Dollars are in thousands)		Amortized		Fair		Average
Securities Available for Sale		Cost		Value		Yield
Due in one year or less	$	7	$	7		1.49%
Due after one year through five years	3,316		3,267		1.97%
Due after five years through ten years		15,822		15,847		3.10%
Due after ten years		52,694		51,967		2.24%
Total	$	71,839	$	71,088		2.42%