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INVESTMENT SECURITIES (Tables)
 6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation
The amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale and held to maturity as of June 30, 2019 and December 31, 2018, respectively, were as follows:
Available for sale securities
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
June 30, 2019
 
 
 
 
 
 
 
U.S. government agency obligations
$
53,085

 
$
138

 
$
218

 
$
53,005

Obligations of states and political subdivisions
27,670

 
231

 
25

 
27,876

Mortgage-backed securities
41,574

 
424

 
162

 
41,836

Corporate debt securities
8,543

 
35

 
139

 
8,439

Corporate asset based securities
23,953

 
—

 
349

 
23,604

Total available for sale securities
$
154,825

 
$
828

 
$
893

 
$
154,760

 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
U.S. government agency obligations
$
46,215

 
$
13

 
$
930

 
$
45,298

Obligations of states and political subdivisions
35,162

 
22

 
456

 
34,728

Mortgage-backed securities
42,279

 
10

 
939

 
41,350

Agency Securities
104

 
49

 
5

 
148

Corporate debt securities
6,577

 
—

 
272

 
6,305

Corporate asset based securities
18,928

 
8

 
40

 
18,896

Total available for sale securities
$
149,265

 
$
102

 
$
2,642

 
$
146,725
Held-to-maturity securities
Held to maturity securities
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
June 30, 2019
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
980

 
$
3

 
$
—

 
$
983

Mortgage-backed securities
2,848

 
96

 
—

 
2,944

Total held to maturity securities
$
3,828

 
$
99

 
$
—

 
$
3,927

 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
Obligations of states and political subdivisions
$
1,701

 
$
—

 
$
3

 
$
1,698

Mortgage-backed securities
3,149

 
42

 
17

 
3,174

Total held to maturity securities
$
4,850

 
$
42

 
$
20

 
$
4,872
Available-for-sale securities
The estimated fair value of securities at June 30, 2019 and December 31, 2018, by contractual maturity, is shown below. Expected maturities will differ from contractual maturities on mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Expected maturities may differ from contractual maturities on certain agency and municipal securities due to the call feature.
 
June 30, 2019
 
December 31, 2018
Available for sale securities
Amortized
Cost
 
Estimated
Fair Value
 
Amortized
Cost
 
Estimated
Fair Value
Due in one year or less
$
3,350

 
$
3,351

 
$
2,177

 
$
2,172

Due after one year through five years
20,945

 
21,063

 
22,296

 
22,043

Due after five years through ten years
35,537

 
35,481

 
43,014

 
42,081

Due after ten years
53,420

 
53,029

 
39,395

 
38,931

Total securities with contractual maturities
$
113,252

 
$
112,924

 
$
106,882

 
$
105,227

Mortgage backed securities
41,573

 
41,836

 
42,279

 
41,350

Securities without contractual maturities
—

 
—

 
104

 
148

Total available for sale securities
$
154,825

 
$
154,760

 
$
149,265

 
$
146,725



 
June 30, 2019
 
December 31, 2018
Held to maturity securities
Amortized
Cost
 
Estimated
Fair Value
 
Amortized
Cost
 
Estimated
Fair Value
Due in one year or less
$
680

 
$
681

 
$
680

 
$
679

Due after one year through five years
300

 
302

 
1,021

 
1,020

Total securities with contractual maturities
$
980

 
$
983

 
$
1,701

 
$
1,699

Mortgage backed securities
2,848

 
2,944

 
3,149

 
3,173

Total held to maturity securities
$
3,828

 
$
3,927

 
$
4,850

 
$
4,872
Available for sale securities with unrealized losses
Securities with unrealized losses at June 30, 2019 and December 31, 2018, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:

 
 
Less than 12 Months
 
12 Months or More
 
Total
Available for sale securities
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government agency obligations
 
$
8,900

 
$
21

 
$
19,283

 
$
197

 
$
28,183

 
$
218

Obligations of states and political subdivisions
 
—

 
—

 
6,080

 
25

 
6,080

 
25

Mortgage backed securities
 
—

 
—

 
13,200

 
162

 
13,200

 
162

Corporate debt securities
 
—

 
—

 
1,361

 
139

 
1,361

 
139

Corporate asset based securities
 
23,604

 
349

 
—

 
—

 
23,604

 
349

Total
 
$
32,504

 
$
370

 
$
39,924

 
$
523

 
$
72,428

 
$
893

December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
U.S. government agency obligations
 
$
25,061

 
$
165

 
$
19,755

 
$
765

 
$
44,816

 
$
930

Obligations of states and political subdivisions
 
5,807

 
28

 
24,124

 
428

 
29,931

 
456

Mortgage backed securities
 
3,518

 
9

 
31,040

 
930

 
34,558

 
939

Agency securities
 
28

 
5

 
—

 
—

 
28

 
5

Corporate debt securities
 
1,233

 
17

 
5,071

 
255

 
6,304

 
272

Corporate asset based securities
 
10,142

 
40

 
—

 
—

 
10,142

 
40

Total
 
$
45,789

 
$
264

 
$
79,990

 
$
2,378

 
$
125,779

 
$
2,642
Schedule of Temporary Impairment Losses, Investments
 
 
Less than 12 Months
 
12 Months or More
 
Total
Held to maturity securities
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of states and political subdivisions
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Mortgage-backed securities
 
—

 
—

 
—

 
—

 
—

 
—

Total
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of states and political subdivisions
 
$
1,290

 
$
1

 
$
409

 
$
2

 
$
1,699

 
$
3

Mortgage-backed securities
 
1,238

 
3

 
1,319

 
14

 
2,557

 
17

Total
 
$
2,528

 
$
4

 
$
1,728

 
$
16

 
$
4,256

 
$
20