SECURITIES AVAILABLE FOR SALE (Tables)

12 Months Ended

Dec. 31, 2018

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

The carrying value and estimated fair value of securities available for sale are as follows (dollars in thousands):


	Amortized		Unrealized		Unrealized		Estimated
	Cost		Gains		Losses		Fair Value
December 31, 2018

Corporate	$	20,198	$	24	$	(158)	$	20,064
US Agencies		16,198		5		(233)		15,970
US Agencies - MBS		32,974		124		(258)		32,840
Obligations of states and political subdivisions		47,828		341		(295)		47,874

Total securities available for sale	$	117,198	$	494	$	(944)	$	116,748

December 31, 2017

Corporate	$	24,852	$	82	$	(43)	$	24,891
US Agencies		16,935		10		(99)		16,846
US Agencies - MBS		12,830		42		(156)		12,716
Obligations of states and political subdivisions		21,370		307		(233)		21,444

Total securities available for sale	$	75,987	$	441	$	(531)	$	75,897

Schedule of securities with gross unrealized losses aggregated by investment category and length of time these individual securities have been in a loss position

Following is information pertaining to securities with gross unrealized losses at December 31, 2018 and 2017 aggregated by investment category and length of time these individual securities have been in a loss position (dollars in thousands):


	Less Than Twelve Months				Over Twelve Months
	Gross				Gross
	Unrealized		Fair		Unrealized		Fair
	Losses		Value		Losses		Value
December 31, 2018

Corporate	$	(50)	$	4,969	$	(108)	$	11,876
US Agencies		—		504		(233)		14,439
US Agencies - MBS		(73)		3,903		(185)		6,908
Obligations of states and political subdivisions		(29)		5,812		(266)		9,533

Total securities available for sale	$	(152)	$	15,188	$	(792)	$	42,756

December 31, 2017
Corporate		(43)		14,204		—		—
US Agencies		(87)		14,799		(12)		745
US Agencies - MBS		(67)		4,400		(89)		5,218
Obligations of states and political subdivisions		(99)		10,245		(134)		1,589

Total securities available for sale	$	(296)	$	43,648	$	(235)	$	7,552

Summary of the proceeds from sales and calls of securities available for sale, as well as gross gains and losses

Following is a summary of the proceeds from sales and calls of securities available for sale, as well as gross gains and losses for the years ended December 31 (dollars in thousands):


	2018		2017

Proceeds from sales and calls	$	48,649	$	11,651
Gross gains on sales and calls		—		253
Gross (losses) on sales and calls		—		(22)

Schedule of carrying value and estimated fair value of securities available for sale by contractual maturity

The carrying value and estimated fair value of securities available for sale at December 31, 2018, by contractual maturity, are shown below (dollars in thousands):


	Amortized		Estimated
	Cost		Fair Value

Due in one year or less	$	13,728	$	13,583
Due after one year through five years		54,563		54,382
Due after five years through ten years		13,058		13,085
Due after ten years		2,875		2,858
Subtotal		84,224		83,908
US Agencies - MBS		32,974		32,840

Total	$	117,198	$	116,748