INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2012

INVESTMENT SECURITIES

Schedule of amortized cost and estimated fair value of investment securities available for sale

The amortized cost and estimated fair value of investment securities available for sale as of September 30, 2012, December 31, 2011 and September 30, 2011 are as follows (dollars in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized			Estimated
	Cost		Gains		Losses			Fair Value
September 30, 2012
US Agencies - MBS	$	8,282	$	388	$	—		$	8,670
US Agencies	10,303		154		—			10,457
Corporate Bonds	17,180		232		(9		)	17,403
Obligations of states and political subdivisions	5,391		557		(2		)	5,946
Total securities available for sale	$	41,156	$	1,331	$	(11	)	$	42,476
December 31, 2011
US Agencies - MBS	$	11,111	$	387	$	—		$	11,498
US Agencies	10,407		168		—			10,575
Corporate Bonds	8,314		—		(136		)	8,178
Obligations of states and political subdivisions	5,448		110		(2		)	5,556
Other asset backed	2,954		—		(34		)	2,920
Total securities available for sale	$	38,234	$	665	$	(172	)	$	38,727
September 30, 2011
US Agencies - MBS	$	15,087	$	523	$	—		$	15,610
US Agencies	10,443		190		—			10,633
Corporate Bonds	5,256		—		(99		)	5,157
Obligations of states and political subdivisions	5,507		118		(3		)	5,622
Total securities available for sale	$	36,293	$	831	$	(102	)	$	37,022