CONCENTRATIONS (Tables)

12 Months Ended

Dec. 31, 2014

CONCENTRATIONS [Abstract]

Schedules of loan portfolio disaggregated by class of loan and investment portfolio disaggregated by category of security

The following table presents the Company’s loan portfolio disaggregated by class of loan at December 31, 2014 and each class’s percentage of total loans and total assets (dollars in thousands):

At December 31,	2014		% of total loans			% of total assets
Commercial and industrial	$	177,813		13.1	%		9.4	%
Commercial real estate		560,524		41.4			29.6
Multifamily		309,666		22.8			16.3
Mixed use commercial		34,806		2.6			1.8
Real estate construction		26,206		1.9			1.4
Residential mortgages		187,828		13.9			9.9
Home equity		50,982		3.8			2.7
Consumer		7,602		0.5			0.4
Total loans	$	1,355,427		100.0	%		71.5	%

The following presents the Company’s investment portfolio disaggregated by category of security at December 31, 2014 and each category’s percentage of total investment securities and total assets (dollars in thousands):

At December 31,	2014		% of total investment securities			% of total assets
U.S. Government agency securities	$	89,942		24.9	%		4.7	%
Corporate bonds		6,408		1.8			0.3
Collateralized mortgage obligations		21,997		6.1			1.2
Mortgage-backed securities		90,919		25.2			4.8
Obligations of states and political subdivisions		151,674		42.0			8.0
Total investment securities	$	360,940		100.0	%		19.0	%