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INVESTMENT SECURITIES (Tables)
 12 Months Ended
Dec. 31, 2017
Investments [Abstract]  
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

The cost basis and fair values of investment securities are summarized as follows:
Investment securities available for sale:
 
 
 
AT DECEMBER 31, 2017
  
 
COST
BASIS
 
GROSS
UNREALIZED
GAINS
 
GROSS
UNREALIZED
LOSSES
 
FAIR
VALUE
  
 
(IN THOUSANDS)
U.S. Agency
 
$
6,612
 
 
$
—
 
 
$
(40
) 
 
$
6,572
 
Taxable municipal
 
 
7,198
 
 
 
27
 
 
 
(189
) 
 
 
7,036
 
Corporate bonds
 
 
35,886
 
 
 
322
 
 
 
(424
) 
 
 
35,784
 
U.S. Agency mortgage-backed securities
 
 
79,854
 
 
 
611
 
 
 
(719
) 
 
 
79,746
 
Total
 
$
129,550
 
 
$
960
 
 
$
(1,372
) 
 
$
129,138
 
Investment securities held to maturity:
 
 
 
AT DECEMBER 31, 2017
  
 
COST
BASIS
 
GROSS
UNREALIZED
GAINS
 
GROSS
UNREALIZED
LOSSES
 
FAIR
VALUE
  
 
(IN THOUSANDS)
U.S. Agency mortgage-backed securities
 
$
9,740
 
 
$
149
 
 
$
(45
) 
 
$
9,844
 
Taxable municipal
 
 
22,970
 
 
 
203
 
 
 
(238
) 
 
 
22,935
 
Corporate bonds and other securities
 
 
6,042
 
 
 
38
 
 
 
(48
) 
 
 
6,032
 
Total
 
$
38,752
 
 
$
390
 
 
$
(331
) 
 
$
38,811
 
Investment securities available for sale:
 
 
AT DECEMBER 31, 2016
  
 
COST
BASIS
 
GROSS
UNREALIZED
GAINS
 
GROSS
UNREALIZED
LOSSES
 
FAIR
VALUE
  
 
(IN THOUSANDS)
U.S. Agency
 
$
400
 
 
$
—
 
 
$
(2
) 
 
$
398
 
Taxable municipal
 
 
3,793
 
 
 
3
 
 
 
(174
) 
 
 
3,622
 
Corporate bonds
 
 
34,403
 
 
 
194
 
 
 
(724
) 
 
 
33,873
 
U.S. Agency mortgage-backed securities
 
 
88,738
 
 
 
1,132
 
 
 
(686
) 
 
 
89,184
 
Total
 
$
127,334
 
 
$
1,329
 
 
$
(1,586
) 
 
$
127,077
 
Investment securities held to maturity:
 
 
AT DECEMBER 31, 2016
  
 
COST
BASIS
 
GROSS
UNREALIZED
GAINS
 
GROSS
UNREALIZED
LOSSES
 
FAIR
VALUE
  
 
(IN THOUSANDS)
U.S. Agency mortgage-backed securities
 
$
11,177
 
 
$
180
 
 
$
(79
) 
 
$
11,278
 
Taxable municipal
 
 
13,441
 
 
 
70
 
 
 
(348
) 
 
 
13,163
 
Corporate bonds and other securities
 
 
6,047
 
 
 
15
 
 
 
(83
) 
 
 
5,979
 
Total
 
$
30,665
 
 
$
265
 
 
$
(510
) 
 
$
30,420
 
Schedule of Contractual Maturities of Securities [Table Text Block]
Investment securities available for sale:
 
 
 
 
 
 
 
 
 
 
AT DECEMBER 31, 2017
  
 
U.S. AGENCY
 
U.S. AGENCY
MORTGAGE-
BACKED
SECURITIES
 
CORPORATE
BONDS AND
OTHER
 
TOTAL INVESTMENT SECURITIES
AVAILABLE FOR
SALE
  
 
(IN THOUSANDS, EXCEPT YIELDS)
COST BASIS
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Within 1 year
 
$
400
 
 
 
1.03
% 
 
$
1
 
 
 
6.00
% 
 
$
—
 
 
 
—%
 
 
$
401
 
 
 
1.04
% 
After 1 year but within 5 years
 
 
—
 
 
 
—
 
 
 
848
 
 
 
2.09
 
 
 
10,938
 
 
 
2.99
 
 
 
11,786
 
 
 
2.93
 
After 5 years but within 10 years
 
 
3,230
 
 
 
2.75
 
 
 
14,623
 
 
 
2.91
 
 
 
30,646
 
 
 
3.64
 
 
 
48,499
 
 
 
3.36
 
After 10 years but within 15 years
 
 
—
 
 
 
—
 
 
 
24,516
 
 
 
2.30
 
 
 
1,500
 
 
 
3.98
 
 
 
26,016
 
 
 
2.39
 
Over 15 years
 
 
2,982
 
 
 
2.69
 
 
 
39,866
 
 
 
2.52
 
 
 
—
 
 
 
—
 
 
 
42,848
 
 
 
2.53
 
Total
 
$
6,612
 
 
 
2.62
 
 
$
79,854
 
 
 
2.52
 
 
$
43,084
 
 
 
3.49
 
 
$
129,550
 
 
 
2.84
 
FAIR VALUE
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Within 1 year
 
$
399
 
 
 
  
 
 
$
1
 
 
 
  
 
 
$
—
 
 
 
  
 
 
$
400
 
 
 
  
 
After 1 year but within 5 years
 
 
—
 
 
 
  
 
 
 
843
 
 
 
  
 
 
 
10,924
 
 
 
  
 
 
 
11,767
 
 
 
  
 
After 5 years but within 10 years
 
 
3,220
 
 
 
  
 
 
 
14,859
 
 
 
  
 
 
 
30,477
 
 
 
  
 
 
 
48,556
 
 
 
  
 
After 10 years but within 15 years
 
 
—
 
 
 
  
 
 
 
24,301
 
 
 
  
 
 
 
1,419
 
 
 
  
 
 
 
25,720
 
 
 
  
 
Over 15 years
 
 
2,953
 
 
 
 
 
 
39,742
 
 
 
 
 
 
—
 
 
 
 
 
 
42,695
 
 
 
 
Total
 
$
6,572
 
 
 
 
 
$
79,746
 
 
 
 
 
$
42,820
 
 
 
 
 
$
129,138
 
 
 
 
Investment securities held to maturity:
 
 
 
 
 
 
 
 
AT DECEMBER 31, 2017
  
 
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
 
 
 
1.78
% 
 
$
2,000
 
 
 
1.78
% 
After 1 year but within 5 years
 
 
688
 
 
 
2.11
 
 
 
1,751
 
 
 
2.29
 
 
 
2,439
 
 
 
2.24
 
After 5 years but within 10 years
 
 
2,081
 
 
 
2.49
 
 
 
12,797
 
 
 
3.57
 
 
 
14,878
 
 
 
3.42
 
After 10 years but within 15 years
 
 
2,604
 
 
 
3.30
 
 
 
11,643
 
 
 
3.64
 
 
 
14,247
 
 
 
3.58
 
Over 15 years
 
 
4,367
 
 
 
3.07
 
 
 
821
 
 
 
4.75
 
 
 
5,188
 
 
 
3.34
 
Total
 
$
9,740
 
 
 
2.94
 
 
$
29,012
 
 
 
3.43
 
 
$
38,752
 
 
 
3.31
 
FAIR VALUE
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
Within 1 year
 
$
—
 
 
 
  
 
 
$
1,976
 
 
 
  
 
 
$
1,976
 
 
 
  
 
After 1 year but within 5 years
 
 
677
 
 
 
  
 
 
 
1,734
 
 
 
  
 
 
 
2,411
 
 
 
  
 
After 5 years but within 10 years
 
 
2,075
 
 
 
  
 
 
 
12,815
 
 
 
  
 
 
 
14,890
 
 
 
  
 
After 10 years but within 15 years
 
 
2,685
 
 
 
  
 
 
 
11,597
 
 
 
  
 
 
 
14,282
 
 
 
  
 
Over 15 years
 
 
4,407
 
 
 
 
 
 
845
 
 
 
 
 
 
5,252
 
 
 
 
Total
 
$
9,844
 
 
 
 
 
$
28,967
 
 
 
 
 
$
38,811
 
 
 
Schedule of Unrealized Loss on Investments [Table Text Block]
The following tables present information concerning investments with unrealized losses as of December 31, 2017 (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
 
$
5,923
 
 
$
(39
) 
 
$
399
 
 
$
(1)
 
 
$
6,322
 
 
$
(40
) 
U.S. Agency mortgage-backed securities
 
 
36,783
 
 
 
(253
) 
 
 
22,625
 
 
 
(511
) 
 
 
59,408
 
 
 
(764
) 
Taxable municipal
 
 
8,657
 
 
 
(109
) 
 
 
7,727
 
 
 
(318
) 
 
 
16,384
 
 
 
(427
) 
Corporate bonds and other securities
 
 
7,123
 
 
 
(71
) 
 
 
13,655
 
 
 
(401
) 
 
 
20,778
 
 
 
(472
) 
Total
 
$
58,486
 
 
$
(472
) 
 
$
44,406
 
 
$
(1,231
) 
 
$
102,892
 
 
$
(1,703
) 
The following tables present information concerning investments with unrealized losses as of December 31, 2016 (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
 
$
398
 
 
$
(2
) 
 
$
—
 
 
$
—
 
 
$
398
 
 
$
(2
) 
U.S. Agency mortgage-backed securities
 
 
49,918
 
 
 
(703
) 
 
 
1,576
 
 
 
(62
) 
 
 
51,494
 
 
 
(765
) 
Taxable municipal
 
 
13,301
 
 
 
(522
) 
 
 
—
 
 
 
—
 
 
 
13,301
 
 
 
(522
) 
Corporate bonds and other securities
 
 
20,380
 
 
 
(570
) 
 
 
6,762
 
 
 
(237
) 
 
 
27,142
 
 
 
(807
) 
Total
 
$
83,997
 
 
$
(1,797
) 
 
$
8,338
 
 
$
(299
) 
 
$
92,335
 
 
$
(2,096
)