INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Schedule of investment securities available for sale

Investment securities available for sale are summarized as follows (in thousands):

At March 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
State, county, and municipal securities	$	33,536	$	1,349	$	—	$	34,885
Mortgage-backed securities		95,431		405		2,327		93,509
Corporate securities		9,821		183		9		9,995
Totals	$	138,788	$	1,937	$	2,336	$	138,389

At December 31, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
State, county, and municipal securities	$	33,735	$	1,097	$	30	$	34,802
Mortgage-backed securities		99,143		347		3,223		96,267
Corporate securities		9,806		180		10		9,976
Totals	$	142,684	$	1,624	$	3,263	$	141,045

Schedule of investment securities held to maturity

Investment securities held to maturity are summarized as follows (in thousands):

At March 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
State, county, and municipal securities	$	240	$	—	$	—	$	240

At December 31, 2013	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
State, county, and municipal securities	$	240	$	—	$	—	$	240

Schedule of amortized costs and fair values of investment securities, by contractual maturity

The amortized costs and fair values of investment securities at March 31, 2014, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with and without call or prepayment penalties (in thousands).

	Available for Sale				Held to Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Due in one year or less	$	—	$	—	$	—	$	—
Due after one year through five years		13,297		13,647		240		240
Due after five years through ten years		29,620		30,429		—		—
Due after ten years		95,871		94,313		—		—
	$	138,788	$	138,389	$	240	$	240

Schedule of investments' gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealzied loss position

The following tables show investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at March 31, 2014 and December 31, 2013. Except as explicitly identified below, all unrealized losses on investment securities are considered by management to be temporarily impaired given the credit ratings on these investment securities and the short duration of the unrealized loss (in thousands).

At March 31, 2014

Securities Available for Sale

	Securities in a loss position  for less than twelve months					Securities in a loss position  for twelve months or more					Total
	Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses
Mortgage-backed securities	$	65,808	$	(2,098	)	$	5,047	$	(229	)	$	70,855	$	(2,327	)
Corporate		1,991		(9	)		—		—			1,991		(9	)
Total	$	67,799	$	(2,107	)	$	5,047	$	(229	)	$	72,846	$	(2,336	)

Securities Held to Maturity

There were no securities classified as held to maturity in an unrealized loss position at March 31, 2014.

At December 31, 2013

Securities Available for Sale

	Securities in a loss position  for less than twelve months					Securities in a loss position  for twelve months or more					Total
	Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses
Municipal securities	$	2,775	$	(30	)	$	—	$	—		$	2,775	$	(30	)
Mortgage-backed securities		68,420		(2,907	)		5,136		(316	)		73,556		(3,223	)
Corporate		1,990		(10	)		—		—			1,990		(10	)
Total	$	73,185	$	(2,947	)	$	5,136	$	(316	)	$	78,321	$	(3,263	)

Securities Held to Maturity

There were no securities classified as held to maturity in an unrealized loss position at December 31, 2013.