INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2016

INVESTMENT SECURITIES

Schedule of carrying value and estimated fair value of securities available for sale

The amortized cost and estimated fair value of investment securities available for sale as of March 31, 2016, December 31, 2015 and March 31, 2015 are as follows (dollars in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
March 31, 2016
US Agencies - MBS	$	3,081	$	1	$	(25)	$	3,057
US Agencies		22,786		235		—		23,021
Corporate Bonds		17,890		51		(8)		17,933
Obligations of states and political subdivisions		9,486		641		(117)		10,010
Total securities available for sale	$	53,243	$	928	$	(150)	$	54,021
December 31, 2015
US Treasury	$	12,710	$	—	$	(64)	$	12,646
US Agencies		27,358		62		(43)		27,377
US Agencies - MBS		3,738		31		(10)		3,759
Obligations of states and political subdivisions		9,472		592		(118)		9,946
Total securities available for sale	$	53,278	$	685	$	(235)	$	53,728
March 31, 2015
US Treasury		4,301		57		—		4,358
US Agencies - MBS	$	12,815		278		(3)		13,090
US Agencies		21,173		338		(2)		21,509
Corporate Bonds		12,496		115		—		12,611
Obligations of states and political subdivisions		11,066		819		(140)		11,745
Total securities available for sale	$	61,851	$	1,607	$	(145)	$	63,313