INVESTMENTS AVAILABLE FOR SALE (Tables)

6 Months Ended

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