INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2015

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, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
State, county, and municipal securities	$	27,322	$	1,270	$	—	$	28,592
Mortgage-backed securities		87,009		349		467		86,891
Corporate securities		2,000		3		—		2,003
Totals	$	116,331	$	1,622	$	467	$	117,486

At December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
State, county, and municipal securities	$	28,179	$	1,514	$	—	$	29,693
Mortgage-backed securities		87,548		437		1,070		86,915
Corporate securities		9,867		136		—		10,003
Totals	$	125,594	$	2,087	$	1,070	$	126,611

Schedule of investment securities held to maturity

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

At December 31, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
State, county, and municipal securities	$	240	$	3	$	—	$	243

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, 2015, 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
	Amortized		Fair
	Cost		Value
Due in one year or less	$	2,210	$	2,215
Due after one year through five years		5,260		5,451
Due after five years through ten years		26,475		27,644
Due after ten years		82,386		82,176
	$	116,331	$	117,486

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 September 30, 2015 and December 31, 2014. 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 September 30, 2015

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	$	27,229	$	(105	)	$	22,728	$	(362	)	$	49,957	$	(467	)
Total	$	27,229	$	(105	)	$	22,728	$	(362	)	$	49,957	$	(467	)

At December 31, 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	$	15,384	$	(151	)	$	40,643	$	(919	)	$	56,027	$	(1,070	)
Total	$	15,384	$	(151	)	$	40,643	$	(919	)	$	56,027	$	(1,070	)

Securities Held to Maturity

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