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INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2014

INVESTMENT SECURITIES [Abstract]

Schedule of Cost Basis and Fair Values of Investment Securities

Investment securities available for sale:
		AT DECEMBER 31, 2014
		COST BASIS				GROSS UNREALIZED GAINS				GROSS UNREALIZED LOSSES				FAIR VALUE
		(IN THOUSANDS)
U.S. Agency		$	5,931			$	21			$	(46	)		$	5,906
Corporate bonds			15,497				61				(122	)			15,436
U.S. Agency mortgage-backed securities			102,888				3,197				(317	)			105,768
Total		$	124,316			$	3,279			$	(485	)		$	127,110

Investment securities held to maturity:
		AT DECEMBER 31, 2014
		COST BASIS				GROSS UNREALIZED GAINS				GROSS UNREALIZED LOSSES				FAIR VALUE
		(IN THOUSANDS)
U.S. Agency mortgage-backed securities		$	12,481			$	395			$	(50	)		$	12,826
Taxable municipal			3,364				74				(24	)			3,414
Corporate bonds and other securities			3,995				6				(28	)			3,973
Total		$	19,840			$	475			$	(102	)		$	20,213

Investment securities available for sale:
		AT DECEMBER 31, 2013
		COST BASIS				GROSS UNREALIZED GAINS				GROSS UNREALIZED LOSSES				FAIR VALUE
		(IN THOUSANDS)
U.S. Agency		$	6,926			$	35			$	(126	)		$	6,835
Corporate bonds			11,992				21				(252	)			11,761
U.S. Agency mortgage-backed securities			121,480				3,129				(1,227	)			123,382
Total		$	140,398			$	3,185			$	(1,605	)		$	141,978

Investment securities held to maturity:
		AT DECEMBER 31, 2013
		COST BASIS				GROSS UNREALIZED GAINS				GROSS UNREALIZED LOSSES				FAIR VALUE
		(IN THOUSANDS)
U.S. Agency mortgage-backed securities		$	12,671			$	289			$	(477	)		$	12,483
Taxable municipal			1,521				—				(120	)			1,401
Corporate bonds and other securities			3,995				—				(91	)			3,904
Total		$	18,187			$	289			$	(688	)		$	17,788

Schedule of Contractual Maturities of Securities

Investment securities available for sale:
		AT DECEMBER 31, 2014
		U.S. AGENCY								U.S. AGENCY MORTGAGE- BACKED SECURITIES								CORPORATE BONDS								TOTAL INVESTMENT SECURITIES AVAILABLE FOR SALE
		(IN THOUSANDS, EXCEPT YIELDS)
COST BASIS
Within 1 year		$	1,000				2.00	%		$	—				—	%		$	—				—	%		$	1,000				2.00	%
After 1 year but within 5 years			4,931				1.38				1,696				4.46				7,999				1.75				14,626				1.96
After 5 years but within 10 years			—				—				10,340				2.74				7,498				2.05				17,838				2.46
After 10 years but within 15 years			—				—				56,783				2.66				—				—				56,783				2.66
Over 15 years			—				—				34,069				2.56				—				—				34,069				2.56
Total		$	5,931				1.48			$	102,888				2.66			$	15,497				1.90			$	124,316				2.52
FAIR VALUE
Within 1 year		$	1,013							$	—							$	—							$	1,013
After 1 year but within 5 years			4,893								1,791								7,991								14,675
After 5 years but within 10 years			—								10,671								7,445								18,116
After 10 years but within15 years			—								58,141								—								58,141
Over 15 years			—								35,165								—								35,165
Total		$	5,906							$	105,768							$	15,436							$	127,110

Investment securities held to maturity:		AT DECEMBER 31, 2014
		U.S. AGENCY MORTGAGE- BACKED SECURITIES								CORPORATE BONDS AND OTHER								TOTAL INVESTMENT SECURITIES HELD TO MATURITY
		(IN THOUSANDS, EXCEPT YIELDS)
COST BASIS
Within 1 year		$	—				—	%		$	2,000				1.35	%		$	2,000				1.35	%
After 1 year but within 5 years			—				—				1,000				1.67				1,000				1.67
After 5 years but within 10 years			2,959				2.40				851				3.63				3,810				2.67
After 10 years but within15 years			—				—				1,162				3.27				1,162				3.27
Over 15 years			9,522				3.45				2,346				4.49				11,868				3.66
Total		$	12,481				3.20			$	7,359				2.96			$	19,840				3.11
FAIR VALUE
Within 1 year		$	—							$	1,991							$	1,991
After 1 year but within 5 years			—								981								981
After 5 years but within 10 years			2,931								868								3,799
After 10 years but within15 years			—								1,140								1,140
Over 15 years			9,895								2,407								12,302
Total		$	12,826							$	7,387							$	20,213

Schedule of Information Concerning Investments with Unrealized Losses

Total investment securities:		LESS THAN 12 MONTHS								12 MONTHS OR LONGER								TOTAL
		FAIR VALUE				UNREALIZED LOSSES				FAIR VALUE				UNREALIZED LOSSES				FAIR VALUE				UNREALIZED LOSSES
U.S. Agency		$	996			$	(4	)		$	2,858			$	(42	)		$	3,854			$	(46	)
U.S. Agency mortgage-backed securities			2,826				(13	)			20,408				(354	)			23,234				(367	)
Taxable municipal			150				(1	)			988				(23	)			1,138				(24	)
Corporate bonds and other  securities			2,960				(43	)			8,891				(107	)			11,851				(150	)
Total		$	6,932			$	(61	)		$	33,145			$	(526	)		$	40,077			$	(587	)

The following tables present information concerning investments with unrealized losses as of December 31, 2013 (in thousands):

Total investment securities:		LESS THAN 12 MONTHS								12 MONTHS OR LONGER								TOTAL
		FAIR VALUE				UNREALIZED LOSSES				FAIR VALUE				UNREALIZED LOSSES				FAIR VALUE				UNREALIZED LOSSES
U.S. Agency		$	3,812			$	(64	)		$	938			$	(62	)		$	4,750			$	(126	)
U.S. Agency mortgage-backed securities			52,163				(1,701	)			669				(3	)			52,832				(1,704	)
Taxable municipal			891				(120	)			-				-				891				(120	)
Corporate bonds and other  securities			9,687				(300	)			2,957				(43	)			12,644				(343	)
Total		$	66,553			$	(2,185	)		$	4,564			$	(108	)		$	71,117			$	(2,293	)

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- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

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- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563

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