INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2015

INVESTMENT SECURITIES [Abstract]

Schedule of Collateral Pledged for public deposits

(Dollars in thousands)	December 31, 2015		December 31, 2014
Pledged to FRB	$	830	$	1,008
Pledged for public housing		2,886		3,816
Pledged to the NC State Treasurer		19,643		18,115

Schedule of Investment Securities

(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2015
U.S. Agencies	$	30,681	$	2	$	(250	)	$	30,433
MBS
Residential		41,323		20		(409	)		40,934
Municipals
North Carolina		8,489		98		(13	)		8,574
Total	$	80,493	$	120	$	(672	)	$	79,941
December 31, 2014
U.S. Agencies	$	12,373	$	26	$	(60	)	$	12,339
MBS
Residential		56,350		281		(276	)		56,355
Municipals		1,009		9		(9	)		1,009
Total	$	69,732	$	316	$	(345	)	$	69,703

Schedule of Investment Securities maturities

(Dollars in thousands)	As of December 31, 2015
	Fair Value		Amortized Cost
U.S. Agencies
Due within one year	$	3,481	$	3,500
Due after one year through five years		21,998		22,181
Due after five years through ten years		4,954		5,000
Total US government agencies	$	30,433	$	30,681
MBS
Residential
Due within one year	$	5,750	$	5,812
Due after one year through five years		15,526		15,672
Due after five years through ten years		11,387		11,480
Due after ten years		8,271		8,359
Total government sponsored MBS	$	40,934	$	41,323
Municipals
Due within one year	$	262	$	260
Due after one year through five years		738		738
Due after five years through ten years		7,169		7,091
Due after 10 years		405		400
Total municipal bonds	$	8,574	$	8,489

(Dollars in thousands)	As of December 31, 2014
	Fair Value		Amortized Cost
U.S. Agencies
Due withhin 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 US government 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 government sponsored 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 municipal bonds	$	1,009	$	1,009

Schedule of Securities in an unrealized los position

(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, 2015
U.S. Agencies	$	27,060	$	(237	)	$	987	$	(13	)	$	28,047	$	(250	)
MBS
Residential		24,369		(193	)		9,970		(216	)		34,339		(409	)
Municipals		1,405		(13	)		—		—			1,405		(13	)
Total	$	52,834	$	(443	)	$	10,957	$	(229	)	$	63,791	$	(672	)

(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	)