INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2018

Investments [Abstract]

Summary of Investments in Available-for-sale and Held-to-maturity Securities

The following is a summary of the Company's investments in available for sale and held to maturity securities as of September 30, 2018 and December 31, 2017: 

As of September 30, 2018	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
	(amounts in thousands)
Available for sale:
Corporate debt obligations	$	1,000	$	21	$	—	$	1,021
Residential mortgage-backed securities	32,785		52		1,342		31,495
Collateralized mortgage obligations	63		1		—		64
Total available for sale	$	33,848	$	74	$	1,342	$	32,580
Held to maturity:
States and political subdivisions	$	1,099	$	154	$	—	$	1,253

As of December 31, 2017	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
	(amounts in thousands)
Available for sale:
Corporate debt obligations	$	1,000	$	33	$	—	$	1,033
Residential mortgage-backed securities	37,105		194		436		36,863
Collateralized mortgage obligations	93		2		—		95
Total available for sale	$	38,198	$	229	$	436	$	37,991
Held to maturity:
States and political subdivisions	$	2,268	$	200	$	—	$	2,468

Investments Classified by Contractual Maturity

The amortized cost and fair value of debt securities classified as available for sale and held to maturity, by contractual maturity as of September 30, 2018 are as follows:

	Amortized Cost		Fair Value
	(amounts in thousands)
Available for sale:
Due within one year	$	—	$	—
Due after one year through five years	309		291
Due after five years through ten years	12,997		12,567
Due after ten years	20,542		19,722
Total available for sale	$	33,848	$	32,580
Held to maturity:
Due within one year	$	—	$	—
Due after one year through five years	—		—
Due after five years through ten years	1,099		1,253
Due after ten years	—		—
Total held to maturity	$	1,099	$	1,253

Gross Unrealized Losses and Fair Value of Investments with Continuous Unrealized Loss Position

The following tables show the gross unrealized losses and fair value of the Company's investments which are aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2018 and December 31, 2017:

As of September 30, 2018	Less Than 12 Months				12 Months or Greater				Total
Description of Securities	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(amounts in thousands)
Available for sale:
Residential mortgage-backed securities	$	17,593	$	550	$	12,714	$	792	$	30,307	$	1,342
Total available for sale	$	17,593	$	550	$	12,714	$	792	$	30,307	$	1,342

As of December 31, 2017	Less Than 12 Months				12 Months or Greater				Total
Description of Securities	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(amounts in thousands)
Available for sale:
Residential mortgage-backed securities	$	2,729	$	16	$	15,117	$	420	$	17,846	$	436
Total available for sale	$	2,729	$	16	$	15,117	$	420	$	17,846	$	436