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INVESTMENTS SECURITIES, AVAILABLE FOR SALE
6 Months Ended
Jun. 30, 2011
INVESTMENTS SECURITIES, AVAILABLE FOR SALE [Abstract]  
INVESTMENTS SECURITIES, AVAILABLE FOR SALE
NOTE 5 - INVESTMENT SECURITIES, AVAILABLE FOR SALE

The following table presents the components of investment securities, available for sale as of:
 
   
June 30,
  
December 31,
 
(Dollars in thousands)
 
2011
  
2010
 
Corporate bonds
 $1,965  $1,880 
Estate bonds
  304   304 
Investment securities, available for sale
 $2,269  $2,184 

Corporate bonds include one security with a principal balance of $2.0 million, an interest rate of 10% per annum, that matures in March 2012.

Estate bonds include $3.3 million of matured bonds of an institution seized by the FDIC.  Holders of the estate bonds, which include both senior and subordinate debentures, are currently engaged in litigation over the distribution of the remaining funds of the estate.

The amortized cost and gross unrealized holding gains for investment securities, available for sale, consisted of the following as of:

   
June 30,
  
December 31,
 
(Dollars in thousands)
 
2011
  
2010
 
Amortized cost
 $2,210  $2,143 
Gross unrealized holding gains
  59   41 
Estimated fair value
 $2,269  $2,184