INVESTMENT SECURITIES

6 Months Ended

Jun. 30, 2016

INVESTMENT SECURITIES

INVESTMENT SECURITIES

4.INVESTMENT SECURITIES

The amortized cost and estimated fair value of investment securities available for sale as of June 30, 2016 and December 31, 2015 are as follows (dollars in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
June 30, 2016
US Agencies - MBS	$	11,806	$	166	$	(146)	$	11,826
US Agencies		22,778		310		—		23,088
Corporate Bonds		18,335		156		—		18,491
Other		4,261		13		(51)		4,223
Obligations of states and political subdivisions		12,624		862		—		13,486
Total securities available for sale	$	69,804	$	1,507	$	(197)	$	71,114
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

The Corporation has evaluated gross unrealized losses that exist within the portfolio and considers them temporary in nature.  The Corporation has both the ability and the intent to hold the investment securities until their respective maturities and therefore does not anticipate the realization of the temporary losses.

The amortized cost and estimated fair value of investment securities pledged to secure FHLB borrowings and customer relationships were $7.899 million and $8.008 million, respectively, at June 30, 2016.