CONCENTRATIONS (Tables)

12 Months Ended

Dec. 31, 2016

CONCENTRATIONS [Abstract]

Schedules of loan portfolio disaggregated by class of loan and investment portfolio disaggregated by category of security

The following table presents the Company’s loan portfolio disaggregated by class of loan at December 31, 2016 and each class’s percentage of total loans and total assets (dollars in thousands):

At December 31,	2016		% of total loans			% of total assets
Commercial and industrial	$	189,410		11.3	%		9.1	%
Commercial real estate		731,986		43.7			35.0
Multifamily		402,935		24.0			19.3
Mixed use commercial		78,807		4.7			3.8
Real estate construction		41,028		2.4			2.0
Residential mortgages		185,112		11.1			8.8
Home equity		42,419		2.5			2.0
Consumer		4,867		0.3			0.2
Total loans	$	1,676,564		100.0	%		80.2	%

The following presents the Company’s investment portfolio disaggregated by category of security at December 31, 2016 and each category’s percentage of total investment securities and total assets (dollars in thousands):

At December 31,	2016		% of total investment securities			% of total assets
U.S. Government agency securities	$	2,380		1.2	%		0.1	%
Corporate bonds		14,535		7.4			0.7
Collateralized mortgage obligations		17,452		8.8			0.8
Mortgage-backed securities		87,961		44.4			4.2
Obligations of states and political subdivisions		75,694		38.2			3.6
Total investment securities	$	198,022		100.0	%		9.4	%