INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2016

INVESTMENT SECURITIES [Abstract]

Schedule of Investment Securities

(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
(Unaudited)
March 31, 2016
U.S. Agencies	$	22,289	$	51	$	(2	)	$	22,338
MBS
Residential		47,315		246		(277	)		47,284
Municipals		9,056		222		(12	)		9,266
Total	$	78,660	$	519	$	(291	)	$	78,888
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

Schedule of Investment Securities maturities

(Dollars in thousands)	As of March 31, 2016
(Unaudited)	Fair Value		Amortized Cost
U.S. Agencies
Due after one year through five years	$	16,324	$	16,289
Due after five years through ten years		6,014		6,000
Total U.S. Agencies	$	22,338	$	22,289
MBS
Residential
Due within one year	$	5,312	$	5,320
Due after one year through five years		16,214		16,213
Due after five years through ten years		13,572		13,554
Due after ten years		12,186		12,228
Total MBS	$	47,284	$	47,315
Municipals
Due within one year	$	261	$	260
Due after one year through five years		1,313		1,318
Due after five years through ten years		7,283		7,078
Due after ten years		409		400
Total Municipals	$	9,266	$	9,056

(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 U.S. 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 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 ten years		405		400
Total Municipals	$	8,574	$	8,489

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, 2016
U.S. Agencies	$	994	$	(2	)	$	—	$	—		$	994	$	(2	)
MBS
Residential		10,362		(58	)		9,195		(219	)		19,557		(277	)
Municipals		1,406		(12	)		—		—			1,406		(12	)
Total	$	12,762	$	(72	)	$	9,195	$	(219	)	$	21,957	$	(291	)

(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	)