INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2015

INVESTMENT SECURITIES [Abstract]

Schedule of Investment Securities

(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
(Unaudited)
September 30, 2015
U.S. Agencies	$	30,382	$	70	$	(2	)	$	30,450
MBS
Residential		34,591		157		(223	)		34,525
Municipals		7,489		25		(28	)		7,486
Total	$	72,462	$	252	$	(253	)	$	72,461
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 September 30, 2015
(Unaudited)	Fair Value		Amortized Cost
U.S. Agencies
Due within one year	$	2,502	$	2,498
Due after one year through five years		25,949		25,884
Due after five years through ten years		1,999		2,000
Total U.S. Agencies	$	30,450	$	30,382
MBS
Residential
Due within one year	$	6,456	$	6,487
Due after one year through five years		14,828		14,863
Due after five years through ten years		8,435		8,426
Due after ten years		4,806		4,815
Total MBS	$	34,525	$	34,591
Municipals
Due within one year	$	263	$	260
Due after one year through five years		733		739
Due after five years through ten years		5,470		5,473
Due after ten years		1,020		1,017
Total Municipals	$	7,486	$	7,489

(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
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
September 30, 2015
U.S. Agencies	$	1,999	$	(1	)	$	999	$	(1	)	$	2,998	$	(2	)
MBS
Residential		4,023		(37	)		10,204		(186	)		14,227		(223	)
Municipals		3,548		(28	)		—		—			3,548		(28	)
Total	$	9,570	$	(66	)	$	11,203	$	(187	)	$	20,773	$	(253	)

(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		—		—			579		(9	)		579		(9	)
Total	$	18,576	$	(87	)	$	16,009	$	(258	)	$	34,585	$	(345	)