INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2018

INVESTMENT SECURITIES [Abstract]

Schedule of amortized cost and fair value of securities available-for-sale and securities held-to-maturity

At March 31, 2018	Amortized Cost		Gross Unrealized/Unrecognized Gains		Gross Unrealized/Unrecognized Losses			Fair Value
Available-for-sale
Residential mortgage-backed securities	$	23,563	$	8	$	(533	)	$	23,038
Residential collateralized mortgage obligations		2,649		-		(128	)		2,521
Commercial collateralized mortgage obligations		1,571		-		(39	)		1,532
Municipal bond		1,092		8		-			1,100
CRA mutual fund		2,171		-		(86	)		2,085
Total securities available-for-sale	$	31,046	$	16	$	(786	)	$	30,276
Held-to-maturity
Residential mortgage-backed securities	$	5,187		-	$	(190	)	$	4,997
Foreign government securities		25		-		-			25
Total securities held-to-maturity	$	5,212	$	-	$	(190	)	$	5,022

At December 31, 2017	Amortized Cost		Gross Unrealized/Unrecognized Gains		Gross Unrealized/Unrecognized Losses			Fair Value
Available-for-sale
Residential mortgage-backed securities	$	24,856	$	70	$	(242	)	$	24,684
Residential collateralized mortgage obligations		2,809		-		(103	)		2,706
Commercial collateralized mortgage obligations		1,581		-		(31	)		1,550
Municipal bond		1,098		11		-			1,109
CRA mutual fund		2,160		-		(52	)		2,108
Total securities available-for-sale	$	32,504	$	81	$	(428	)	$	32,157
Held-to-maturity
Residential mortgage-backed securities	$	5,403	$	-	$	(98	)	$	5,305
Foreign government securities		25		-		-			25
Total securities held-to-maturity	$	5,428	$	-	$	(98	)	$	5,330

Schedule of amortized cost and fair value of debt securities classified by contractual maturity

	Held to Maturity				Available for Sale
At March 31, 2018	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	-	$	-	$	-	$	-
One to five years		25		25		-		-
Five to ten years		-		-		-		-
Beyond ten years		-		-		1,092		1,100
Total		25		25		1,092		1,100
Residential mortgage-backed securities	$	5,187	$	4,997	$	23,563	$	23,038
Residential collateralized mortgage obligations		-		-		2,649		2,521
Commercial collateralized mortgage obligations		-		-		1,571		1,532
CRA mutual fund		-		-		2,171		2,085
Total Securities	$	5,212	$	5,022	$	31,046	$	30,276

	Held to Maturity				Available for Sale
At December 31, 2017	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	-	$	-	$	-	$	-
One to five years		25		25		-		-
Five to ten years		-		-		-		-
Beyond ten years		-		-		1,098		1,109
Total		25		25		1,098		1,109
Residential mortgage-backed securities	$	5,403	$	5,305	$	24,856	$	24,684
Residential collateralized mortgage obligations		-		-		2,809		2,706
Commercial collateralized mortgage obligations		-		-		1,581		1,550
CRA mutual fund		-		-		2,160		2,108
Total Securities	$	5,428	$	5,330	$	32,504	$	32,157

Schedule of securities with unrealized/unrecognized losses

	Less than 12 Months					12 months or more					Total
At March 31, 2018	Estimated Fair Value		Unrealized/ Unrecognized Losses			Estimated Fair Value		Unrealized/ Unrecognized Losses			Estimated Fair Value		Unrealized/ Unrecognized Losses
Residential mortgage-backed securities	$	15,148	$	(261	)	$	7,195	$	(272	)	$	22,343	$	(533	)
Residential collateralized mortgage obligations		-		-			2,521		(128	)		2,521		(128	)
Commercial collateralized mortgage obligations		-		-			1,532		(39	)		1,532		(39	)
CRA mutual fund		-		-			2,085		(86	)		2,085		(86	)
Total securities available-for-sale	$	15,148	$	(261	)	$	13,333	$	(525	)	$	28,481	$	(786	)
Residential mortgage-backed securities	$	3,062	$	(91	)	$	1,935	$	(99	)		4,997		(190	)
Total held-to-maturity	$	3,062	$	(91	)	$	1,935	$	(99	)	$	4,997	$	(190	)

	Less than 12 Months					12 months or more					Total
At December 31, 2017	Estimated Fair Value		Unrealized/ Unrecognized Losses			Estimated Fair Value		Unrealized/ Unrecognized Losses			Estimated Fair Value		Unrealized/ Unrecognized Losses
Residential mortgage-backed securities	$	9,194	$	(85	)	$	7,738	$	(157	)	$	16,932	$	(242	)
Residential collateralized mortgage obligations		-		-			2,706		(103	)		2,706		(103	)
Commercial collateralized mortgage obligations							1,550		(31	)		1,550		(31	)
CRA mutual fund		-		-			2,108		(52	)		2,108		(52	)
Total securities available-for-sale	$	9,194	$	(85	)	$	14,102	$	(343	)	$	23,296	$	(428	)
Residential mortgage-backed securities	$	3,260	$	(33	)	$	2,045	$	(65	)	$	5,305	$	(98	)
Total held-to-maturity	$	3,260	$	(33	)	$	2,045	$	(65	)	$	5,305	$	(98	)