INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2016 and December 31, 2015 are as follows (dollars in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
September 30, 2016
US Agencies - MBS	$	16,254	$	176	$	(73)	$	16,357
US Agencies		24,148		295		—		24,443
Corporate Bonds		18,403		239		—		18,642
Other		3,033		—		—		3,033
Obligations of states and political subdivisions		25,857		561		(7)		26,411
Total securities available for sale	$	87,695	$	1,271	$	(80)	$	88,886
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