INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2018

INVESTMENT SECURITIES [Abstract]

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

At June 30, 2018	Amortized Cost		Gross Unrealized/ Unrecognized Gains		Gross Unrealized/ Unrecognized Losses			Fair Value
Available for sale
Residential mortgage-backed securities	$	24,133	$	3	$	(672	)	$	23,464
Residential collateralized mortgage obligations		2,485		-		(134	)		2,351
Municipal bond		1,086		7		-			1,093
CRA mutual fund		2,183		-		(102	)		2,081
Total securities available for sale	$	29,887	$	10	$	(908	)	$	28,989
Held to maturity
Residential mortgage-backed securities	$	4,960		-	$	(203	)	$	4,757
Foreign government securities		25		-		-			25
Total securities held to maturity	$	4,985	$	-	$	(203	)	$	4,782

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 Realized Gain (Loss) on Sales and Calls of Securities

	Three and six months ended June 30,
	2018			2017
Proceeds	$	1,500		$	-
Gross gains	$	-		$	-
Gross losses	$	(37	)	$	-
Tax impact	$	11		$	-

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

	Held to Maturity				Available for Sale
At June 30, 2018	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	25	$	25	$	-	$	-
One to five years		-		-		-		-
Five to ten years		-		-		-		-
Due after ten years		-		-		1,086		1,093
Total	$	25	$	25	$	1,086	$	1,093
Residential mortgage-backed securities	$	4,960	$	4,757	$	24,133	$	23,464
Residential collateralized mortgage obligations		-		-		2,485		2,351
CRA mutual fund		-		-		2,183		2,081
Total Securities	$	4,985	$	4,782	$	29,887	$	28,989

	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		-		-		-		-
Due after 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 June 30, 2018	Estimated Fair Value		Unrealized/ Unrecognized Losses			Estimated Fair Value		Unrealized/ Unrecognized Losses			Estimated Fair Value		Unrealized/ Unrecognized Losses
Residential mortgage-backed securities	$	15,054	$	(308	)	$	8,148	$	(364	)	$	23,202	$	(672	)
Residential collateralized mortgage obligations		-		-			2,351		(134	)		2,351		(134	)
CRA mutual fund		-		-			2081		(102	)		2,081		(102	)
Total securities available for sale	$	15,054	$	(308	)	$	12,580	$	(600	)	$	27,634	$	(908	)
Residential mortgage-backed securities	$	2,909	$	(95	)	$	1,848	$	(108	)	$	4,757	$	(203	)
Total held to maturity	$	2,909	$	(95	)	$	1,848	$	(108	)	$	4,757	$	(203	)

	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	)