INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2017 and December 31, 2016 are as follows (dollars in thousands):

			Gross		Gross
	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
September 30, 2017
Corporate	$	24,415	$	164	$	(20)	$	24,559
Equity		500		—		—		500
US Agencies		22,468		88		(13)		22,543
US Agencies - MBS		13,765		56		(58)		13,763
Obligations of states and political subdivisions		23,244		533		(133)		23,644
Total securities available for sale	$	84,392	$	841	$	(224)	$	85,009
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