INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
State, county, and municipal securities	$	28,294	$	1,522	$	—	$	29,816
Mortgage-backed securities		91,686		400		1,787		90,299
Corporate securities		9,852		165		—		10,017
Totals	$	129,832	$	2,087	$	1,787	$	130,132

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 September 30, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
State, county, and municipal securities	$	240	$	1	$	—	$	241

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 September 30, 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	$	2,000	$	2,012	$	—	$	—
Due after one year through five years		12,122		12,479		240		241
Due after five years through ten years		30,992		32,325		—		—
Due after ten years		84,718		83,316		—		—
	$	129,832	$	130,132	$	240	$	241

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

At September 30, 2014

Securities Available for Sale

	Securities in a loss position  for					Securities in a loss position  for
	less than twelve months					twelve months or more					Total
			Unrealized					Unrealized					Unrealized
	Fair value		losses			Fair value		losses			Fair value		losses
Mortgage-backed securities	$	21,704	$	(252	)	$	45,324	$	(1,535	)	$	67,028	$	(1,787	)
Total	$	21,704	$	(252	)	$	45,324	$	(1,535	)	$	67,028	$	(1,787	)

Securities Held to Maturity

There were no securities classified as held to maturity in an unrealized loss position at September 30, 2014.

At December 31, 2013

Securities Available for Sale

	Securities in a loss position  for					Securities in a loss position  for
	less than twelve months					twelve months or more					Total
			Unrealized					Unrealized					Unrealized
	Fair value		losses			Fair value		losses			Fair value		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.