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INVESTMENTS AVAILABLE FOR SALE (Tables) | 6 Months Ended
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Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract] |
Schedule of amortized cost and estimated fair values of securities available-for-sale | The amortized cost and estimated fair values of securities available-for-sale at June 30, 2018 and December 31, 2017 are as follows:
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | unrealized |  |  | unrealized |  |  | Estimated |
|  | cost |  |  | gains |  |  | losses |  |  | fair value |
June 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 16,298 |  |  | $ | 132 |  |  | $ | (349 | ) |  | $ | 16,081 |
Mortgage-backed securities |  |  | 22,361 |  |  |  | 101 |  |  |  | (310 | ) |  |  | 22,152 |
Collateralized mortgage obligations |  |  | 1,018 |  |  |  | - |  |  |  | (11 | ) |  |  | 1,007 |
Corporate bonds |  |  | 5,480 |  |  |  | - |  |  |  | (4 | ) |  |  | 5,476 |
U.S. Government Agencies |  |  | 4,736 |  |  |  | 5 |  |  |  | (18 | ) |  |  | 4,723 |
SBA securities |  |  | 5,042 |  |  |  | 38 |  |  |  | (87 | ) |  |  | 4,993 |
|  | $ | 54,936 |  |  | $ | 276 |  |  | $ | (779 | ) |  | $ | 54,433 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | unrealized |  |  | unrealized |  |  | Estimated |
|  | cost |  |  | gains |  |  | losses |  |  | fair value |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 15,910 |  |  | $ | 182 |  |  | $ | (45 | ) |  | $ | 16,047 |
Mortgage-backed securities |  |  | 9,621 |  |  |  | 143 |  |  |  | (24 | ) |  |  | 9,740 |
Collateralized mortgage obligations |  |  | 1,758 |  |  |  | 1 |  |  |  | (9 | ) |  |  | 1,750 |
Corporate bonds |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
U.S. Government Agencies |  |  | 6,984 |  |  |  | - |  |  |  | (13 | ) |  |  | 6,971 |
SBA securities |  |  | 5,929 |  |  |  | 78 |  |  |  | (10 | ) |  |  | 5,997 |
|  | $ | 40,202 |  |  | $ | 404 |  |  | $ | (101 | ) |  | $ | 40,505 |
Schedule of available-for-sale securities, continuous unrealized loss position, fair value | The gross unrealized losses of the available-for-sale investment securities portfolio are summarized according to the duration of the loss period as of June 30, 2018 as follows:
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
|  | Estimated |  |  | Unrealized |  |  | Estimated |  |  | Unrealized |  |  | Estimated |  |  | Unrealized |
|  | Fair Value |  |  | Loss |  |  | Fair Value |  |  | Loss |  |  | Fair Value |  |  | Loss |
Municipal securities |  | $ | 11,990 |  |  | $ | (340 | ) |  | $ | 262 |  |  | $ | (9 | ) |  | $ | 12,252 |  |  | $ | (349 | )
Mortgage-backed securities |  |  | 17,456 |  |  |  | (304 | ) |  |  | 649 |  |  |  | (6 | ) |  |  | 18,105 |  |  |  | (310 | )
Collateralized mortgage obligations |  |  | 990 |  |  |  | (11 | ) |  |  | - |  |  |  | - |  |  |  | 990 |  |  |  | (11 | )
Corporate Bonds |  |  | 3,471 |  |  |  | (4 | ) |  |  | - |  |  |  | - |  |  |  | 3,471 |  |  |  | (4 | )
U.S. Government Agencies |  |  | 4,724 |  |  |  | (18 | ) |  |  | - |  |  |  | - |  |  |  | 4,724 |  |  |  | (18 | )
SBA securities |  |  | 1,348 |  |  |  | (81 | ) |  |  | 890 |  |  |  | (6 | ) |  |  | 2,238 |  |  |  | (87 | )
Total |  | $ | 39,979 |  |  | $ | (758 | ) |  | $ | 1,801 |  |  | $ | (21 | ) |  | $ | 41,780 |  |  | $ | (779 | )
The gross unrealized losses of the available-for-sale investment securities portfolio are summarized according to the duration of the loss period as December 31, 2017 as follows:
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
|  | Estimated |  |  | Unrealized |  |  | Estimated |  |  | Unrealized |  |  | Estimated |  |  | Unrealized |
|  | Fair Value |  |  | Loss |  |  | Fair Value |  |  | Loss |  |  | Fair Value |  |  | Loss |
Municipal securities |  | $ | 4,011 |  |  | $ | (39 | ) |  | $ | 267 |  |  | $ | (6 | ) |  | $ | 4,278 |  |  | $ | (45 | )
Mortgage-backed securities |  |  | 4,075 |  |  |  | (24 | ) |  |  | - |  |  |  | - |  |  |  | 4,075 |  |  |  | (24 | )
Collateralized mortgage obligations |  |  | 1,201 |  |  |  | (9 | ) |  |  | - |  |  |  | - |  |  |  | 1,201 |  |  |  | (9 | )
Corporate Bonds |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
U.S. Government Agencies |  |  | 6,981 |  |  |  | (13 | ) |  |  | - |  |  |  | - |  |  |  | 6,981 |  |  |  | (13 | )
SBA securities |  |  | 1,245 |  |  |  | (10 | ) |  |  | - |  |  |  | - |  |  |  | 1,245 |  |  |  | (10 | )
Total |  | $ | 17,513 |  |  | $ | (95 | ) |  | $ | 267 |  |  | $ | (6 | ) |  | $ | 17,780 |  |  | $ | (101 | )
Schedule of investments classified by contractual maturity date | The amortized cost and estimated fair value of available-for-sale securities as of June 30, 2018 by contractual maturity are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
|  | June 30, 2018 |  |  | December 31, 2017 |
|  | Amortized |  |  | Estimated |  |  | Amortized |  |  | Estimated |
|  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Due in one year or less |  | $ | 5,778 |  |  | $ | 5,763 |  |  | $ | 5,248 |  |  | $ | 5,243 |
Due after one through five years |  |  | 8,935 |  |  |  | 8,638 |  |  |  | 4,987 |  |  |  | 4,959 |
Due after five years through ten years |  |  | 15,079 |  |  |  | 14,963 |  |  |  | 14,619 |  |  |  | 14,737 |
Due after ten years |  |  | 25,144 |  |  |  | 25,069 |  |  |  | 15,348 |  |  |  | 15,566 |
Total |  | $ | 54,936 |  |  | $ | 54,433 |  |  | $ | 40,202 |  |  | $ | 40,505 |

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- Definition Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities. + References No definition available. + Details
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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References No definition available. + Details
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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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