INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017 and December 31, 2016 are as follows (dollars in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
March 31, 2017
Corporate	$	19,849	$	118	$	(15)	$	19,952
Equity		500		—		—		500
US Agencies		22,991		77		(15)		23,053
US Agencies - MBS		15,903		64		(111)		15,856
Obligations of states and political subdivisions		24,293		405		(177)		24,521
Total securities available for sale	$	83,536	$	664	$	(318)	$	83,882
December 31, 2016
Corporate	$	19,899	$	49	$	(38)	$	19,910
Equity		500		—		—		500
US Agencies		23,991		47		(86)		23,952
US Agencies - MBS		16,980		48		(195)		16,833
Obligations of states and political subdivisions		25,057		447		(426)		25,078
Total securities available for sale	$	86,427	$	591	$	(745)	$	86,273