INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2019

INVESTMENT SECURITIES [Abstract]

Schedule of amortized cost and fair value of securities available-for-sale and securities held-to-maturity

			Gross		Gross
			Unrealized/		Unrealized/
	Amortized		Unrecognized		Unrecognized
At September 30, 2019	Cost		Gains		Losses		Fair Value
Debt securities available-for-sale
Residential mortgage securities	$	190,244	$	1,863	$	(102)	$	192,005
Commercial mortgage securities		32,898		476		(14)		33,360
U.S. Government agency securities		25,000		309		—		25,309
Total securities available-for-sale	$	248,142	$	2,648	$	(116)	$	250,674
Held-to-maturity securities:
Residential mortgage securities	$	3,938	$	2	$	(26)	$	3,914
Total securities held-to-maturity	$	3,938	$	2	$	(26)	$	3,914
Marketable equity securities:
CRA Mutual Fund	$	2,246	$	—	$	(23)	$	2,223
Total non-trading equity investment securities	$	2,246	$	—	$	(23)	$	2,223

			Gross		Gross
			Unrealized/		Unrealized/
	Amortized		Unrecognized		Unrecognized
At December 31, 2018	Cost		Gains		Losses		Fair Value
Debt securities available-for-sale
Residential mortgage securities	$	24,093	$	3	$	(583)	$	23,513
Commercial mortgage securities		5,874		—		(25)		5,849
Municipal bond		1,074		3		—		1,077
Total securities available-for-sale	$	31,041	$	6	$	(608)	$	30,439
Held to Maturity Securities:
Residential mortgage securities		4,546		—		(168)		4,378
Foreign government securities		25		—		—		25
Total securities held-to-maturity	$	4,571	$	—	$	(168)	$	4,403
Marketable equity securities:
CRA Mutual Fund	$	2,208		—		(98)		2,110
Total non-trading equity investment securities	$	2,208	$	—	$	(98)	$	2,110

Schedule of Realized Gain (Loss) on Sales and Calls of Securities

There were no sales or calls of securities for the three months ended September 30, 2019 and September 30, 2018. The proceeds from sales or calls of securities and associated losses for the nine months ended September 30, 2019 are listed below (dollars in thousands):

	Nine months ended September 30,
	2019		2018
Proceeds	$	1,065	$	1,463
Gross losses	$	—	$	(37)
Tax impact	$	—	$	11

Schedule of amortized cost and fair value of debt securities classified by contractual maturity

	Held to Maturity				Available for Sale
At September 30, 2019	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	—	$	—	$	—	$	—
One to five years		—		—		—		—
Five to ten years		—		—		25,000		25,309
After ten years		—		—		—		—
Total	$	—	$	—	$	25,000	$	25,309
Residential mortgage securities	$	3,938	$	3,914		190,244		192,005
Commercial mortgage securities		—		—		32,898		33,360
U.S. Government agency securities		—		—		—		—
Total Securities	$	3,938	$	3,914	$	248,142	$	250,674

	Held to Maturity				Available for Sale
At December 31, 2018	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	25	$	25	$	257	$	258
One to five years		—		—		—		—
Five to ten years		—		—		—		—
After ten years		—		—		817		819
Total	$	25	$	25	$	1,074	$	1,077
Residential mortgage securities	$	4,546	$	4,378	$	24,093	$	23,513
Commercial mortgage securities		—		—		5,874		5,849
Total Securities	$	4,571	$	4,403	$	31,041	$	30,439

Schedule of securities with unrealized/unrecognized losses

	Less than 12 Months				12 months or more					Total
			Unrealized/					Unrealized/				Unrealized/
	Estimated		Unrecognized		Estimated			Unrecognized		Estimated		Unrecognized
At September 30, 2019	Fair Value		Losses		Fair Value			Losses		Fair Value		Losses
Available-for-Sale Securities:
Residential mortgage securities		12,120		(9)		5,317			(93)		17,437		(102)
Commercial mortgage securities		2,997		(14)		1,805			—		4,802		(14)
Total securities available-for-sale	$	15,117	$	(23)	$	7,122		$	(93)	$	22,239	$	(116)
Held to Maturity Securities:
Residential mortgage securities	$	—		—		1,551			(26)		1,551	$	(26)
Total securities held-to-maturity	$	—	$	—	$	1,551	$	$	(26)	$	1,551	$	(26)

	Less than 12 Months				12 months or more					Total
			Unrealized/					Unrealized/				Unrealized/
	Estimated		Unrecognized		Estimated			Unrecognized		Estimated		Unrecognized
At December 31, 2018	Fair Value		Losses		Fair Value			Losses		Fair Value		Losses
Debt securities available-for-sale
Residential mortgage securities	$	10,374	$	(73)	$	9,890		$	(510)	$	20,264	$	(583)
Commercial mortgage securities		—		—		5,849			(25)		5,849		(25)
Total securities available-for-sale	$	10,374	$	(73)	$	15,739		$	(535)	$	26,113	$	(608)
Held to Maturity Securities:
Residential mortgage securities	$	—	$	—	$	4,378		$	(168)	$	4,378	$	(168)
Total securities held-to-maturity	$	—	$	—	$	4,378	$	$	(168)	$	4,378	$	(168)