INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2015

INVESTMENT SECURITIES [Abstract]

Schedule of Investment Securities

(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
(Unaudited)
March 31, 2015
U.S. Agencies	$	29,374	$	70	$	(29	)	$	29,415
MBS
Residential		44,139		331		(240	)		44,230
Municipals
North Carolina		1,006		9		—			1,015
Total	$	74,519	$	410	$	(269	)	$	74,660
December 31, 2014
U.S. Agencies	$	12,373	$	26	$	(60	)	$	12,339
MBS
Residential		56,350		281		(276	)		56,355
Municipals
North Carolina		1,009		9		(9	)		1,009
Total	$	69,732	$	316	$	(345	)	$	69,703

Schedule of Investment Securities maturities

(Dollars in thousands)	As of March 31, 2015
(Unaudited)	Fair Value		Amortized Cost
U.S. Agencies
Due within one year	$	1,507	$	1,497
Due after one year through five years		21,658		21,627
Due after five years through ten years		6,250		6,250
Total U.S. Agencies	$	29,415	$	29,374
MBS
Residential
Due within one year	$	8,238	$	8,239
Due after one year through five years		19,777		19,746
Due after five years through ten years		10,974		10,926
Due after ten years		5,241		5,228
Total MBS	$	44,230	$	44,139
Municipals
North Carolina
Due within one year	$	160	$	160
Due after one year through five years		266		260
Due after five years through ten years		589		586
Total Municipals	$	1,015	$	1,006

(Dollars in thousands)	As of December 31, 2014
	Fair Value		Amortized Cost
U.S. Agencies
Due within one year	$	2,498	$	2,499
Due after one year through five years		7,887		7,874
Due after five years through ten years		1,954		2,000
Total U.S. Agencies	$	12,339	$	12,373
MBS
Residential
Due within one year	$	10,114	$	10,139
Due after one year through five years		24,003		24,018
Due after five years through ten years		13,803		13,771
Due after ten years		8,435		8,422
Total MBS	$	56,355	$	56,350
Municipals
North Carolina
Due within one year	$	162	$	161
Due after one year through five years		268		260
Due after five years through ten years		579		588
Total Municipals	$	1,009	$	1,009

Schedule of Securities in an unrealized loss position

(Dollars in thousands)	Less Than 12 Months					12 Months or Greater					Total
(Unaudited)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
March 31, 2015
U.S. Agencies	$	8,982	$	(18	)	$	989	$	(11	)	$	9,971	$	(29	)
MBS
Residential		9,234		(74	)		10,929		(166	)		20,163		(240	)
Total	$	18,216	$	(92	)	$	11,918	$	(177	)	$	30,134	$	(269	)

(Dollars in thousands)	Less Than 12 Months					12 Months or Greater					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
December 31, 2014
U.S. Agencies	$	5,982	$	(14	)	$	1,954	$	(46	)	$	7,936	$	(60	)
MBS
Residential		12,594		(73	)		13,476		(203	)		26,070		(276	)
Municipals
North Carolina		—		—			579		(9	)		579		(9	)
Total	$	18,576	$	(87	)	$	16,009	$	(258	)	$	34,585	$	(345	)