Community West Bancshares (CWBC) 10-Q 6 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	COMMUNITY WEST BANCSHARES /
Entity Central Index Key	1,051,343
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		8,201,158
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015

CONSOLIDATED BALANCE SHEETS (un

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Cash and due from banks	$ 1,854	$ 1,609
Federal funds sold	22	22
Interest-earning demand in other financial institutions	21,817	17,328
Cash and cash equivalents	23,693	18,959
Money market investments	99	99
Investment securities - available-for-sale, at fair value; amortized cost of $24,007 at September 30, 2015 and $22,141 at December 31, 2014	23,956	22,194
Investment securities - held-to-maturity, at amortized cost; fair value of $7,672 at September 30, 2015 and $8,894 at December 31, 2014	7,245	8,447
Federal Home Loan Bank stock, at cost	1,886	1,716
Federal Reserve Bank stock, at cost	1,373	1,373
Loans:
Held for sale, at lower of cost or fair value	65,491	66,759
Held for investment, net of allowance for loan losses of $7,012 at September 30, 2015 and $7,877 at December 31, 2014	460,495	420,497
Total loans	525,986	487,256
Other assets acquired through foreclosure, net	206	137
Premises and equipment, net	2,956	3,053
Other assets	13,637	14,084
Total assets	601,037	557,318
Deposits:
Non-interest-bearing demand	73,073	57,364
Interest-bearing demand	250,738	275,631
Savings	13,943	15,265
Certificates of deposit ($250,000 or more)	56,745	13,601
Other certificates of deposit	132,287	115,223
Total deposits	526,786	477,084
Other borrowings	5,000	10,000
Other liabilities	3,339	3,227
Total liabilities	535,125	490,311
Stockholders' equity:
Preferred stock - no par value, 10,000,000 shares authorized; 5,574 shares issued and outstanding at September 30, 2015 and 7,014 at December 31, 2014	5,574	7,014
Common stock - no par value, 20,000,000 shares authorized; 8,201,158 shares issued and outstanding at September 30, 2015 and 8,203,033 at December 31, 2014	42,272	41,957
Retained earnings	18,096	18,005
Accumulated other comprehensive income (loss)	(30)	31
Total stockholders' equity	65,912	67,007
Total liabilities and stockholders' equity	$ 601,037	$ 557,318

CONSOLIDATED BALANCE SHEETS (u3

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Investment securities available-for-sale, amortized cost	$ 24,007	$ 22,141
Investment securities held-to-maturity, fair value	7,672	8,894
Loans:
Loans held for investment, allowance for loan losses	$ 7,012	$ 7,877
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	5,574	7,014
Preferred stock, shares outstanding (in shares)	5,574	7,014
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	8,201,158	8,203,033
Common stock, shares outstanding (in shares)	8,201,158	8,203,033

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income:
Loans, including fees	$ 7,131	$ 6,695	$ 21,253	$ 20,367
Investment securities and other	244	208	834	619
Total interest income	7,375	6,903	22,087	20,986
Interest expense:
Deposits	587	709	1,761	2,039
Other borrowings	6	126	82	524
Total interest expense	593	835	1,843	2,563
Net interest income	6,782	6,068	20,244	18,423
Provision (credit) for loan losses	(445)	(1,178)	(1,997)	(3,560)
Net interest income after provision for loan losses	7,227	7,246	22,241	21,983
Non-interest income:
Other loan fees	244	279	789	720
Document processing fees	141	103	364	297
Service charges	92	72	252	215
Other	77	98	366	494
Total non-interest income	554	552	1,771	1,726
Non-interest expense:
Salaries and employee benefits	3,412	2,888	9,729	9,308
Occupancy, net	507	479	1,439	1,377
Professional services	212	436	736	1,167
Data processing	135	144	388	425
Advertising and marketing	116	129	348	429
Stock based compensation	73	29	333	270
Depreciation	103	82	290	238
Loan servicing and collection	10	187	281	586
FDIC assessment	99	83	252	253
Loan litigation settlement, net	(50)	0	7,103	0
Other	421	422	1,291	1,382
Total non-interest expenses	5,038	4,879	22,190	15,435
Income before provision for income taxes	2,743	2,919	1,822	8,274
Provision for income taxes	1,152	1,207	803	3,414
Net income	1,591	1,712	1,019	4,860
Dividends on preferred stock	125	176	401	778
Discount on partial redemption of preferred stock	0	0	(129)	(144)
Net income available to common stockholders	$ 1,466	$ 1,536	$ 747	$ 4,226
Earnings per share:
Basic (in dollars per share)	$ 0.18	$ 0.19	$ 0.09	$ 0.52
Diluted (in dollars per share)	$ 0.17	$ 0.18	$ 0.09	$ 0.51
Weighted average number of common shares outstanding:
Basic (in shares)	8,203	8,200	8,204	8,120
Diluted (in shares)	8,508	8,494	8,503	8,512
Dividends declared per common share (in dollars per share)	$ 0.03	$ 0.02	$ 0.08	$ 0.02

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) [Abstract]
Net income	$ 1,591	$ 1,712	$ 1,019	$ 4,860
Other comprehensive income (loss), net:
Unrealized income (loss) on securities available-for-sale (AFS), net (tax effect of ($64),($23), $42, ($130) for each respective period presented)	92	34	(61)	188
Net other comprehensive income (loss)	92	34	(61)	188
Comprehensive income	$ 1,683	$ 1,746	$ 958	$ 5,048

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other comprehensive income (loss), net:
Unrealized income (loss) on securities available-for-sale (AFS), tax effect	$ (64)	$ (23)	$ 42	$ (130)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					$ 4,860
Other comprehensive loss, net					188
Balance at Dec. 31, 2014	$ 7,014	$ 41,957	$ 31	$ 18,005	$ 67,007
Balance (in shares) at Dec. 31, 2014	7,000	8,203,000			8,203,033
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					$ 1,712
Other comprehensive loss, net					34
Net income	$ 0	$ 0	0	1,019	1,019
Exercise of stock options	0	$ 3	0	0	3
Exercise of stock options (in shares)		1,000
Stock option expense	0	$ 333	0	0	333
Preferred stock redemption and discount	$ (1,440)	$ 0	0	129	(1,311)
Preferred stock redemption and discount (in shares)	(1,000)	0
Common stock repurchase	$ 0	$ (21)	0	0	(21)
Common stock repurchase (in shares)	0	(3,000)
Dividends on preferred stock	$ 0	$ 0	0	(401)	(401)
Dividends on common stock	0	0	0	(656)	(656)
Other comprehensive loss, net	0	0	(61)	0	(61)
Balance at Sep. 30, 2015	$ 5,574	$ 42,272	(30)	18,096	$ 65,912
Balance (in shares) at Sep. 30, 2015	6,000	8,201,000			8,201,158
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					$ 1,591
Other comprehensive loss, net					92
Balance at Sep. 30, 2015	$ 5,574	$ 42,272	$ (30)	$ 18,096	$ 65,912
Balance (in shares) at Sep. 30, 2015	6,000	8,201,000			8,201,158

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 1,019	$ 4,860
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Provision for loan losses	(1,997)	(3,560)
Depreciation	290	238
Stock-based compensation	333	270
Deferred income taxes	42	(581)
Net accretion of discounts and premiums for investment securities	(71)	(31)
(Gains)/Losses on:
Sale of repossessed assets, net	(33)	(168)
Sale of loans, net	(83)	(150)
Sale of assets, net	32	0
Loans originated for sale and principal collections, net	1,351	(2,827)
Changes in:
Other assets	537	5,369
Other liabilities	(6)	1,238
Servicing rights, net	44	168
Net cash provided by operating activities	1,459	4,826
Cash flows from investing activities:
Principal pay downs and maturities of available-for-sale securities	5,635	1,438
Purchase of available-for-sale securities	(7,416)	(5,132)
Proceeds from principal pay downs and maturities of securities held-to-maturity	1,189	1,099
Loan originations and principal collections, net	(38,545)	(22,427)
(Purchase) liquidation of restricted stock, net	(170)	154
Purchase of premises and equipment, net	(225)	(233)
Proceeds from sale of other real estate owned and repossessed assets, net	508	3,552
Net cash used in investing activities	(39,025)	(21,549)
Cash flows from financing activities:
Net increase in deposits	49,702	48,615
Net decrease in borrowings	(5,000)	(12,034)
Exercise of stock options	3	52
Cash dividends paid on common stock	(656)	(164)
Common stock repurchase	(21)	0
Redemption of preferred stock	(1,311)	(7,660)
Cash dividends paid on preferred stock	(417)	(2,222)
Net cash provided by financing activities	42,300	26,587
Net increase in cash and cash equivalents	4,734	9,864
Cash and cash equivalents at beginning of year	18,959	19,478
Cash and cash equivalents at end of period	23,693	29,342
Cash paid during the period for:
Interest	1,830	2,513
Income taxes	650	2,301
Non-cash investing and financing activity:
Transfers to other assets acquired through foreclosure, net	544	928
Conversion of debentures	$ 0	$ 1,408

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Community West Bancshares (“CWBC”), incorporated under the laws of the state of California, is a bank holding company providing full service banking through its wholly-owned subsidiary Community West Bank, N.A. (“CWB” or the “Bank”). These entities are collectively referred to herein as the “Company.” Basis of Presentation The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States (“GAAP”) and conform to practices within the financial services industry. The accounts of the Company and its consolidated subsidiary are included in these Consolidated Financial Statements. All significant intercompany balances and transactions have been eliminated. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term relate to the determination of the allowance for loan losses, the fair value of other real estate owned and the fair value of securities available for sale. Although Management believes these estimates to be reasonably accurate, actual amounts may differ. In the opinion of Management, all adjustments considered necessary have been reflected in the financial statements during their preparation. Interim Financial Information The accompanying unaudited consolidated financial statements as of and for the three and nine months ended September 30, 2015 and 2014 have been prepared in a condensed format, and therefore do not include all of the information and footnotes required by GAAP for complete financial statements. These statements have been prepared on a basis that is substantially consistent with the accounting principles applied to our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2014. The information furnished in these interim statements reflects all adjustments which are, in the opinion of management, necessary for a fair statement of the results for each respective period presented. Such adjustments are of a normal recurring nature. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for any other quarter or for the full year. The interim financial information should be read in conjunction with the Company’s audited consolidated financial statements. Reclassifications Certain amounts in the consolidated financial statements as of December 31, 2014 and for the three and nine months ended September 30, 2014 have been reclassified to conform to the current presentation. The reclassifications have no effect on net income, comprehensive income or stockholders’ equity as previously reported. Loans Held For Sale Loans which are originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value determined on an aggregate basis. Valuation adjustments, if any, are recognized through a valuation allowance by charges to lower of cost or fair value provision. Loans held for sale are mostly comprised of SBA and commercial agriculture. On August 14, 2015 the Company announced its exit from originating single family residential loans for sale. The Company did not incur any lower of cost or fair value provision in the three and nine months ended September 30, 2015 and 2014. Loans Held for Investment and Interest and Fees from Loans Loans are recognized at the principal amount outstanding, net of unearned income, loan participations and amounts charged off. Unearned income includes deferred loan origination fees reduced by loan origination costs. Unearned income on loans is amortized to interest income over the life of the related loan using the level yield method. Interest income on loans is accrued daily using the effective interest method and recognized over the terms of the loans. Loan fees collected for the origination of loans less direct loan origination costs (net deferred loan fees) are amortized over the contractual life of the loan through interest income. If the loan has scheduled payments, the amortization of the net deferred loan fee is calculated using the interest method over the contractual life of the loan. If the loan does not have scheduled payments, such as a line of credit, the net deferred loan fee is recognized as interest income on a straight-line basis over the contractual life of the loan commitment. Commitment fees based on a percentage of a customer’s unused line of credit and fees related to standby letters of credit are recognized over the commitment period. When loans are repaid, any remaining unamortized balances of unearned fees, deferred fees and costs and premiums and discounts paid on purchased loans are accounted for through interest income. Nonaccrual loans: For all loan types, when a loan is placed on nonaccrual status, all interest accrued but uncollected is reversed against interest income in the period in which the status is changed. Subsequent payments received from the customer are applied to principal and no further interest income is recognized until the principal has been paid in full or until circumstances have changed such that payments are again consistently received as contractually required. The Company occasionally recognizes income on a cash basis for non-accrual loans in which the collection of the remaining principal balance is not in doubt. Impaired loans: Troubled debt restructured loan (“TDR”): Generally, a loan that is modified at an effective market rate of interest may no longer be disclosed as a troubled debt restructuring in years subsequent to the restructuring if it is not impaired based on the terms specified by the restructuring agreement. Allowance for Loan Losses and Provision for Loan Losses The Company maintains a detailed, systematic analysis and procedural discipline to determine the amount of the allowance for loan losses (“ALL”). The ALL is based on estimates and is intended to be appropriate to provide for probable losses inherent in the loan portfolio. This process involves deriving probable loss estimates that are based on migration analysis and historical loss rates, in addition to qualitative factors that are based on management’s judgment. The migration analysis and historical loss rate calculations are based on the annualized loss rates utilizing a twelve-quarter loss history. Migration analysis is utilized for the Commercial Real Estate (“CRE”), Commercial, Commercial Agriculture, Small Business Administration (“SBA”), Home Equity Line of Credit (“HELOC”), Single Family Residential, and Consumer portfolios. The historical loss rate method is utilized primarily for the Manufactured Housing portfolio. The migration analysis takes into account the risk rating of loans that are charged off in each loan category. Loans that are considered Doubtful are typically charged off. The following is a description of the characteristics of loan ratings. Loan ratings are reviewed as part of our normal loan monitoring process, but, at a minimum, updated on an annual basis. Outstanding – Good – Pass - Watch – Special Mention - Substandard - Doubtful - Loss - The Company’s ALL is maintained at a level believed appropriate by management to absorb known and inherent probable losses on existing loans. The allowance is charged for losses when management believes that full recovery on the loan is unlikely. The following is the Company’s policy regarding charging off loans. Commercial, CRE and SBA Loans Charge-offs on these loan categories are taken as soon as all or a portion of any loan balance is deemed to be uncollectible. A loan is considered impaired when, based on current information, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest under the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and/or interest payments. Loans that experience insignificant payment delays or payment shortfalls generally are not classified as impaired. Generally, loan balances are charged-down to the fair value of the collateral, if, based on a current assessment of the value, an apparent deficiency exists. In the event there is no perceived equity, the loan is charged-off in full. Unsecured loans which are delinquent over 90 days are also charged-off in full. Single Family Real Estate, HELOC’s and Manufactured Housing Loans Consumer loans and residential mortgages secured by one-to-four family residential properties, HELOC and manufactured housing loans in which principal or interest is due and unpaid for 90 days, are evaluated for impairment. Loan balances are charged-off to the fair value of the property, less estimated selling costs, if, based on a current appraisal, an apparent deficiency exists. In the event there is no perceived equity, the loan is generally fully charged-off. Other consumer loans which are not secured and unpaid over 90-120 days are charged-off in full. Consumer Loans All consumer loans (excluding real estate mortgages, HELOCs and savings secured loans) are charged-off or charged-down to net recoverable value before becoming 120 days or five payments delinquent. The ALL calculation for the different loan portfolios is as follows: · Commercial Real Estate, Commercial, Commercial Agriculture, SBA, HELOC, Single Family Residential, and Consumer – Migration analysis combined with risk rating is used to determine the required ALL for all non-impaired loans. In addition, the migration results are adjusted based upon qualitative factors that affect this specific portfolio category. Reserves on impaired loans are determined based upon the individual characteristics of the loan. · Manufactured Housing – The ALL is calculated on the basis of loss history and risk rating, which is primarily a function of delinquency. In addition, the loss results are adjusted based upon qualitative factors that affect this specific portfolio. The Company evaluates and individually assesses for impairment loans generally greater than $500,000, classified as substandard or doubtful in addition to loans either on nonaccrual, considered a TDR or when other conditions exist which lead management to review for possible impairment. Measurement of impairment on impaired loans is determined on a loan-by-loan basis and in total establishes a specific reserve for impaired loans. The amount of impairment is determined by comparing the recorded investment in each loan with its value measured by one of three methods: · The expected future cash flows are estimated and then discounted at the effective interest rate. · The value of the underlying collateral net of selling costs. Selling costs are estimated based on industry standards, the Company’s actual experience or actual costs incurred as appropriate. When evaluating real estate collateral, the Company typically uses appraisals or valuations, no more than twelve months old at time of evaluation. When evaluating non-real estate collateral securing the loan, the Company will use audited financial statements or appraisals no more than twelve months old at time of evaluation. Additionally, for both real estate and non-real estate collateral, the Company may use other sources to determine value as deemed appropriate. · The loan’s observable market price. Interest income is not recognized on impaired loans except for limited circumstances in which a loan, although impaired, continues to perform in accordance with the loan contract and the borrower provides financial information to support maintaining the loan on accrual. The Company determines the appropriate ALL on a monthly basis. Any differences between estimated and actual observed losses from the prior month are reflected in the current period in determining the appropriate ALL determination and adjusted as deemed necessary. The review of the appropriateness of the allowance takes into consideration such factors as concentrations of credit, changes in the growth, size and composition of the loan portfolio, overall and individual portfolio quality, review of specific problem loans, collateral, guarantees and economic and environmental conditions that may affect the borrowers' ability to pay and/or the value of the underlying collateral. Additional factors considered include: geographic location of borrowers, changes in the Company’s product-specific credit policy and lending staff experience. These estimates depend on the outcome of future events and, therefore, contain inherent uncertainties. Another component of the ALL considers qualitative factors related to non-impaired loans. The qualitative portion of the allowance on each of the loan pools is based on the following factors: · Concentrations of credit · International risk · Trends in volume, maturity, and composition · Volume and trend in delinquency · Economic conditions · Outside exams · Geographic distance · Policy and changes · Staff experience and ability Off Balance Sheet and Credit Exposure In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the consolidated financial statements when they are funded. They involve, to varying degrees, elements of credit risk in excess of amounts recognized in the consolidated balance sheets. Losses would be experienced when the Company is contractually obligated to make a payment under these instruments and must seek repayment from the borrower, which may not be as financially sound in the current period as they were when the commitment was originally made. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company enters into credit arrangements that generally provide for the termination of advances in the event of a covenant violation or other event of default. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the party. The commitments are collateralized by the same types of assets used as loan collateral. As with outstanding loans, the Company applies qualitative factors and utilization rates to its off-balance sheet obligations in determining an estimate of losses inherent in these contractual obligations. The estimate for loan losses on off-balance sheet instruments is included within other liabilities and the charge to income that establishes this liability is included in non-interest expense. Foreclosed Real Estate and Repossessed Assets Foreclosed real estate and other repossessed assets are recorded at fair value at the time of foreclosure less estimated costs to sell. Any excess of loan balance over the fair value less estimated costs to sell of the other assets is charged-off against the allowance for loan losses. Any excess of the fair value less estimated costs to sell over the loan balance is recorded as a loan loss recovery to the extent of the loan loss previously charged-off against the allowance for loan losses; and, if greater, recorded as a gain on foreclosed assets. Subsequent to the legal ownership date, the Company periodically performs a new valuation and the asset is carried at the lower of carrying amount or fair value less estimated costs to sell. Operating expenses or income, and gains or losses on disposition of such properties, are recorded in current operations. Income Taxes The Company uses the asset and liability method, which recognizes an asset or liability representing the tax effects of future deductible or taxable amounts that have been recognized in the consolidated financial statements. Due to tax regulations, certain items of income and expense are recognized in different periods for tax return purposes than for financial statement reporting. These items represent “temporary differences.” Deferred income taxes are recognized for the tax effect of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is established for deferred tax assets if, based on weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets may not be realized. Any interest or penalties assessed by the taxing authorities is classified in the financial statements as income tax expense. Deferred tax assets are included in other assets on the consolidated balance sheets. Management evaluates the Company’s deferred tax asset for recoverability using a consistent approach which considers the relative impact of negative and positive evidence, including the Company’s historical profitability and projections of future taxable income. The Company is required to establish a valuation allowance for deferred tax assets and record a charge to income if management determines, based on available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets may not be realized. The Company is subject to the provisions of ASC 740, Income Taxes Earnings Per Share Basic earnings per common share is computed using the weighted average number of common shares outstanding for the period divided into the net income available to common shareholders. Diluted earnings per share include the effect of all dilutive potential common shares for the period. Potentially dilutive common shares include stock options and warrants. Recent Accounting Pronouncements In January 2014, the FASB issued guidance within ASU 2014-04, “Receivables - Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” The amendments in ASU 2014-04, Subtopic 310-40, Receivables -Troubled Debt Restructurings by Creditors, In May 2014, the FASB issued guidance codified within ASU 2014-09, “Revenue Recognition - Revenue from Contracts with Customers,” which amends the guidance in former Topic 605, Revenue Recognition

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2015
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	2. INVESTMENT SECURITIES The amortized cost and estimated fair value of investment securities are as follows: September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 11,293 $ 3 $ (66 ) $ 11,230 U.S. government agency collateralized mortgage obligations ("CMO") 12,648 74 (48 ) 12,674 Equity securities: Farmer Mac class A stock 66 - (14 ) 52 Total $ 24,007 $ 77 $ (128 ) $ 23,956 Securities held-to-maturity U.S. government agency mortgage backed securities ("MBS") $ 7,245 $ 427 $ - $ 7,672 Total $ 7,245 $ 427 $ - $ 7,672 December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 7,846 $ 65 $ (49 ) $ 7,862 U.S. government agency collateralized mortgage obligations ("CMO") 14,229 73 (31 ) 14,271 Equity securities: Farmer Mac class A stock 66 - (5 ) 61 Total $ 22,141 $ 138 $ (85 ) $ 22,194 Securities held-to-maturity U.S. government agency MBS $ 8,447 $ 447 $ - $ 8,894 Total $ 8,447 $ 447 $ - $ 8,894 At September 30, 2015 and December 31, 2014, $31.1 million and $30.6 million of securities at carrying value, respectively, were pledged to the Federal Home Loan Bank (“FHLB”), as collateral for current and future advances. The maturity periods and weighted average yields of investment securities at September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 Less than One Year One to Five Years Five to Ten Years Over Ten Years Total Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Securities available-for-sale (dollars in thousands) U.S. government agency notes $ 9,010 2.4 % $ - - $ 2,220 0.9 % $ - - $ 11,230 2.1 % U.S. government agency CMO - - 5,232 1.2 % 4,036 0.6 % 3,406 1.1 % 12,674 1.0 % Farmer Mac class A stock - - - - - - - - 52 - Total $ 9,010 2.4 % $ 5,232 1.2 % $ 6,256 0.7 % $ 3,406 1.1 % $ 23,956 1.5 % Securities held-to-maturity U.S. government agency MBS $ - - $ 2,222 3.5 % $ 5,023 2.9 % $ - - $ 7,245 3.1 % Total $ - - $ 2,222 3.5 % $ 5,023 2.9 % $ - - $ 7,245 3.1 % December 31, 2014 Less than One Year One to Five Years Five to Ten Years Over Ten Years Total Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Securities available-for-sale (dollars in thousands) U.S. government agency notes $ 7,862 2.5 % $ - - $ - - $ - - $ 7,862 2.5 % U.S. government agency CMO - - 7,826 1.0 % 2,801 0.6 % 3,644 1.1 % 14,271 1.1 % Farmer Mac class A stock - - - - - - - - 61 - Total $ 7,862 2.5 % $ 7,826 1.0 % $ 2,801 0.6 % $ 3,644 1.1 % $ 22,194 1.3 % Securities held-to-maturity U.S. government agency MBS $ - - $ 3,235 4.0 % $ 5,212 2.4 % $ - - $ 8,447 2.9 % Total $ - - $ 3,235 4.0 % $ 5,212 2.4 % $ - - $ 8,447 2.9 % The amortized cost and fair value of investment securities by contractual maturities as of the periods presented were as shown below: September 30, December 31, 2015 2014 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Securities available for sale (in thousands) Due in one year or less $ 9,067 $ 9,010 $ 7,846 $ 7,862 After one year through five years 5,207 5,232 7,798 7,826 After five years through ten years 6,244 6,256 2,792 2,801 After ten years 3,423 3,406 3,639 3,644 Farmer Mac class A stock 66 52 66 61 $ 24,007 $ 23,956 $ 22,141 $ 22,194 Securities held to maturity Due in one year or less $ - $ - $ - $ - After one year through five years 2,222 2,404 3,235 3,479 After five years through ten years 5,023 5,268 5,212 5,415 After ten years - - - - $ 7,245 $ 7,672 $ 8,447 $ 8,894 Actual maturities may differ from contractual maturities as borrowers or issuers have the right to prepay or call the investment securities. Changes in interest rates may also impact prepayments. The following tables show all securities that are in an unrealized loss position: September 30, 2015 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 49 $ 4,169 $ 17 $ 5,059 $ 66 $ 9,228 U.S. government agency CMO - - 48 1,971 48 1,971 Equity securities: Farmer Mac class A stock 14 52 - - 14 52 $ 63 $ 4,221 $ 65 $ 7,030 $ 128 $ 11,251 Securities held-to-maturity U.S. Government-agency MBS $ - $ - $ - $ - $ - $ - Total $ - $ - $ - $ - $ - $ - December 31, 2014 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 23 $ 1,918 $ 26 $ 3,971 $ 49 $ 5,889 U.S. government agency CMO - - 31 4,090 31 4,090 Equity securities: Farmer Mac class A stock 5 61 - - 5 61 $ 28 $ 1,979 $ 57 $ 8,061 $ 85 $ 10,040 Securities held-to-maturity U.S. Government-agency MBS $ - $ - $ - $ - $ - $ - Total $ - $ - $ - $ - $ - $ - As of September 30, 2015 and December 31, 2014, there were seven and six securities, respectively, in an unrealized loss position. Declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other than temporary impairment losses, management considers, among other things (i) the length of time and the extent to which the fair value has been less than cost (ii) the financial condition and near-term prospects of the issuer and (iii) the Company’s intent to sell an impaired security and if it is not more likely than not it will be required to sell the security before the recovery of its amortized basis. The unrealized losses are primarily due to increases in market interest rates over the yields available at the time the underlying securities were purchased. The fair value is expected to recover as the bonds approach their maturity date, repricing date or if market yields for such investments decline. Management does not believe any of the securities are impaired due to reasons of credit quality. Accordingly, as of September 30, 2015 and December 31, 2014, management believes the impairments detailed in the table above are temporary and no other-than-temporary impairment loss has been realized in the Company’s consolidated income statements.

LOAN SALES AND SERVICING

LOAN SALES AND SERVICING	9 Months Ended
	Sep. 30, 2015
LOAN SALES AND SERVICING [Abstract]
LOAN SALES AND SERVICING	3. LOAN SALES AND SERVICING SBA and Agriculture Loans The Company periodically sells the guaranteed portion of selected SBA loans into the secondary market, on a servicing-retained basis. The Company retains the unguaranteed portion of these loans and services the loans as required under the SBA programs to retain specified yield amounts. On certain SBA loan sales, the Company retained interest only strips (“I/O strips”), which represent the present value of excess net cash flows generated by the difference between (a) interest at the stated rate paid by borrowers and (b) the sum of (i) pass-through interest paid to third-party investors and (ii) contractual servicing fees. The fair value is determined on a quarterly basis through a discounted cash flow analysis prepared by an independent third party using industry prepayment speeds. Historically, the Company elected to use the amortizing method for the treatment of servicing assets and measured for impairment on a quarterly basis through a discounted cash flow analysis prepared by an independent third party using industry prepayment speeds. In connection with the sale of a group of SBA loans, the Company recorded a servicing asset and elected to measure this asset at fair value in accordance with ASC 825-10 – Fair Value Option The SBA program stipulates that the Company retains a minimum of 5% of the loan balance, which is unguaranteed. The percentage of each unguaranteed loan in excess of 5% may be periodically sold to a third party, typically for a cash premium. The Company records servicing liabilities for the sold unguaranteed loans. These servicing liabilities are calculated based on the present value of the estimated future servicing costs associated with each loan. The balance of the remaining servicing liabilities at September 30, 2015 was not material to the Company’s financial position or results of operations. The Company may also periodically sell certain SBA loans into the secondary market, on a servicing-released basis, typically for a cash premium. As of September 30, 2015 and December 31, 2014, the Company had approximately $35.9 million and $40.8 million, respectively, of SBA loans included in loans held for sale. As of September 30, 2015 and December 31, 2014, the principal balance of SBA loans serviced for others was $20.4 million and $24.6 million, respectively. The Company’s agricultural lending program includes loans for agricultural land, agricultural operational lines, and agricultural term loans for crops, equipment and livestock. The primary products are supported by guarantees issued from the USDA, FSA, and the USDA Business and Industry loan program. As of September 30, 2015 and December 31, 2014, the Company had $29.2 million and $25.1 million, respectively, of USDA loans included in loans held for sale. As of September 30, 2015 and December 31, 2014, the principal balance of USDA loans serviced for others was $1.4 million. The following table presents the I/O strips activity as of the periods presented Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Beginning balance $ 270 $ 329 $ 293 $ 334 Adjustment to fair value (28 ) (11 ) (51 ) (16 ) Ending balance $ 242 $ 318 $ 242 $ 318 The fair value adjustments on the I/O strips are recorded in non-interest income. The key data assumptions used in estimating the fair value of the I/O strips as of the periods presented were as follows: September 30, 2015 2014 Weighted-average constant prepayment rate 6.08 % 5.39 % Weighted-average life (in years) 5 6 Weighted-average discount rate 12.23 % 10.53 % A sensitivity analysis of the fair value of the I/O strips to changes in certain key assumptions is presented in the following table: September 30, 2015 2014 ( in thousands) Discount Rate Increase in fair value from 100 basis point decrease $ 6 $ 9 Decrease in fair value from 100 basis point increase (6 ) (9 ) Constant Prepayment Rate Increase in fair value from 10 percent decrease 3 5 Decrease in fair value from 10 percent increase (3 ) (4 ) The following is a summary of the activity for servicing assets accounted for under the amortization method: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Beginning balance $ 151 $ 211 $ 167 $ 268 Amortization (8 ) (29 ) (24 ) (86 ) Ending balance $ 143 $ 182 $ 143 $ 182 The amortization of the servicing assets has been recorded in non-interest income. The following is a summary of the activity for servicing assets accounted for under the fair value method: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Beginning balance $ 192 $ 275 $ 203 $ 300 Adjustment to fair value (8 ) (57 ) (19 ) (82 ) Ending balance $ 184 $ 218 $ 184 $ 218 The fair value adjustments on the servicing assets has been recorded in non-interest income. The key data and assumptions used in estimating the fair value of servicing assets as of the periods presented were as follows: September 30, 2015 2014 Weighted-average constant prepayment rate 6.02 % 5.66 % Weighted-average life (in years) 8 9 Weighted-average discount rate 11.73 % 10.79 % A sensitivity analysis of the fair value of servicing assets to change in certain key assumptions is presented in the following table: September 30, 2015 2014 (in thousands) Discount Rate Increase in fair value from 100 basis points decrease $ 8 $ 10 Decrease in fair value from 100 basis points increase (8 ) (9 ) Constant Prepayment Rate Increase in fair value from 10 percent decrease 5 5 Decrease in fair value from 10 percent increase (4 ) (5 ) This sensitivity analysis generally cannot be extrapolated because the relationship of a change in one key assumption to the change in the fair value of the Company’s servicing assets usually is not linear. In addition, the effect of changing one key assumption without changing other assumptions is not a viable option. Mortgage Loans During the third quarter of 2015, the Company exited from originating mortgage loans for sale.

LOANS HELD FOR INVESTMENT

LOANS HELD FOR INVESTMENT	9 Months Ended
	Sep. 30, 2015
LOANS HELD FOR INVESTMENT [Abstract]
LOANS HELD FOR INVESTMENT	4. LOANS HELD FOR INVESTMENT The composition of the Company’s loans held for investment loan portfolio follows: September 30, December 31, 2015 2014 (in thousands) Manufactured housing $ 173,432 $ 169,662 Commercial real estate 177,302 159,432 Commercial 70,707 49,683 SBA 14,707 21,336 HELOC 11,134 13,481 Single family real estate 20,670 14,957 Consumer 129 178 468,081 428,729 Allowance for loan losses 7,012 7,877 Deferred fees, net 371 118 Discount on SBA loans 203 237 Total loans held for investment, net $ 460,495 $ 420,497 The following table presents the contractual aging of the recorded investment in past due held for investment loans by class of loans: September 30, 2015 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Total Recorded Investment Over 90 Days and Accruing (in thousands) Manufactured housing $ 173,354 $ 78 $ - $ - $ 78 $ 173,432 $ - Commercial real estate: Commercial real estate 132,424 - - 612 612 133,036 - SBA 504 1st trust deed 24,940 - 463 - 463 25,403 - Land 5,541 - - - - 5,541 - Construction 13,322 - - - - 13,322 - Commercial 70,663 - - 44 44 70,707 - SBA 14,706 1 - - 1 14,707 - HELOC 11,134 - - - - 11,134 - Single family real estate 20,670 - - - - 20,670 - Consumer 129 - - - - 129 - Total $ 466,883 $ 79 $ 463 $ 656 $ 1,198 $ 468,081 $ - December 31, 2014 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Total Recorded Investment Over 90 Days and Accruing (in thousands) Manufactured housing $ 169,233 $ 239 $ - $ 190 $ 429 $ 169,662 $ - Commercial real estate: Commercial real estate 119,090 632 - 186 818 119,908 - SBA 504 1st trust deed 27,297 - - - - 27,297 - Land 1,569 - - - - 1,569 - Construction 10,658 - - - - 10,658 - Commercial 49,683 - - - - 49,683 - SBA 21,333 3 - - 3 21,336 - HELOC 13,459 - - 22 22 13,481 - Single family real estate 14,821 - 136 136 14,957 - Consumer 178 - - - - 178 - Total $ 427,321 $ 874 $ - $ 534 $ 1,408 $ 428,729 $ - Allowance for Loan Losses The following table summarizes the changes in the allowance for loan losses: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Beginning balance $ 7,243 $ 10,496 $ 7,877 $ 12,208 Charge-offs (33 ) (318 ) (258 ) (750 ) Recoveries 247 236 1,390 1,338 Net recoveries 214 (82 ) 1,132 588 Provision (credit) (445 ) (1,178 ) (1,997 ) (3,560 ) Ending balance $ 7,012 $ 9,236 $ 7,012 $ 9,236 As of September 30, 2015 and December 31, 2014, the Company had reserves for credit losses on undisbursed loans of $49,000 which were included in Other liabilities. The following tables summarize the changes in the allowance for loan losses by portfolio type: For the Three Months Ended September 30, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2015 (in thousands) Beginning balance $ 3,808 $ 1,779 $ 795 $ 686 $ 45 $ 129 $ 1 $ 7,243 Charge-offs (33 ) - - - - - - (33 ) Recoveries 38 13 40 153 3 - - 247 Net (charge-offs) recoveries 5 13 40 153 3 - - 214 Provision (credit) (220 ) 43 35 (284 ) (5 ) (15 ) 1 (445 ) Ending balance $ 3,593 $ 1,835 $ 870 $ 555 $ 43 $ 114 $ 2 $ 7,012 2014 Beginning balance $ 4,753 $ 1,985 $ 1,503 $ 1,750 $ 238 $ 265 $ 2 $ 10,496 Charge-offs (112 ) - - (140 ) - (66 ) - (318 ) Recoveries 37 13 38 144 3 1 - 236 Net (charge-offs) recoveries (75 ) 13 38 4 3 (65 ) - (82 ) Provision (credit) (225 ) (459 ) (137 ) (320 ) (51 ) 14 - (1,178 ) Ending balance $ 4,453 $ 1,539 $ 1,404 $ 1,434 $ 190 $ 214 $ 2 $ 9,236 For The Nine Months Ended September 30, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2015 (in thousands) Beginning balance $ 4,032 $ 1,459 $ 986 $ 1,066 $ 140 $ 192 $ 2 $ 7,877 Charge-offs (258 ) - - - - - - (258 ) Recoveries 103 533 383 361 8 2 - 1,390 Net (charge-offs) recoveries (155 ) 533 383 361 8 2 - 1,132 Provision (credit) (284 ) (157 ) (499 ) (872 ) (105 ) (80 ) - (1,997 ) Ending balance $ 3,593 $ 1,835 $ 870 $ 555 $ 43 $ 114 $ 2 $ 7,012 2014 Beginning balance $ 5,114 $ 2,552 $ 2,064 $ 1,951 $ 280 $ 245 $ 2 $ 12,208 Charge-offs (516 ) (16 ) - (152 ) - (66 ) - (750 ) Recoveries 75 844 114 281 21 3 - 1,338 Net (charge-offs) recoveries (441 ) 828 114 129 21 (63 ) - 588 Provision (credit) (220 ) (1,841 ) (774 ) (646 ) (111 ) 32 - (3,560 ) Ending balance $ 4,453 $ 1,539 $ 1,404 $ 1,434 $ 190 $ 214 $ 2 $ 9,236 The following tables present impairment method information related to loans and allowance for loan losses by loan portfolio segment: Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of September 30, 2015: (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 4,434 $ 386 $ 3,019 $ 400 $ 20 $ 1,979 $ - $ 10,238 Impaired loans with no allowance recorded 3,631 2,470 44 148 298 290 - 6,881 Total loans individually evaluated for impairment 8,065 2,856 3,063 548 318 2,269 - 17,119 Loans collectively evaluated for impairment 165,367 174,446 67,644 14,159 10,816 18,401 129 450,962 Total loans held for investment $ 173,432 $ 177,302 $ 70,707 $ 14,707 $ 11,134 $ 20,670 $ 129 $ 468,081 Unpaid Principal Balance Impaired loans with an allowance recorded $ 4,502 $ 442 $ 3,019 $ 2,019 $ 20 $ 1,979 $ - $ 11,981 Impaired loans with no allowance recorded 5,438 3,879 50 1,953 310 423 - 12,053 Total loans individually evaluated for impairment 9,940 4,321 3,069 3,972 330 2,402 - 24,034 Loans collectively evaluated for impairment 165,367 174,446 67,644 14,159 10,816 18,401 129 450,962 Total loans held for investment $ 175,307 $ 178,767 $ 70,713 $ 18,131 $ 11,146 $ 20,803 $ 129 $ 474,996 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 460 $ 4 $ 41 $ 32 $ - $ 18 $ - $ 555 Impaired loans with no allowance recorded - - - - - - - - Total loans individually evaluated for impairment 460 4 41 32 - 18 - 555 Loans collectively evaluated for impairment 3,133 1,831 829 523 43 96 2 6,457 Total loans held for investment $ 3,593 $ 1,835 $ 870 $ 555 $ 43 $ 114 $ 2 $ 7,012 Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of December 31, 2014: (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 4,717 $ 2,783 $ 3,122 $ 1,837 $ 86 $ 591 $ - $ 13,136 Impaired loans with no allowance recorded 2,734 831 44 4 - 90 - 3,703 Total loans individually evaluated for impairment 7,451 3,614 3,166 1,841 86 681 - 16,839 Loans collectively evaluated for impairment 162,211 155,818 46,517 19,495 13,395 14,276 178 411,890 Total loans held for investment $ 169,662 $ 159,432 $ 49,683 $ 21,336 $ 13,481 $ 14,957 $ 178 $ 428,729 Unpaid Principal Balance Impaired loans with an allowance recorded $ 5,172 $ 2,979 $ 4,914 $ 9,512 $ 91 $ 644 $ - $ 23,312 Impaired loans with no allowance recorded 4,243 2,895 50 225 - 191 - 7,604 Total loans individually evaluated for impairment 9,415 5,874 4,964 9,737 91 835 - 30,916 Loans collectively evaluated for impairment 162,211 155,818 46,517 19,495 13,395 14,276 178 411,890 Total loans held for investment $ 171,626 $ 161,692 $ 51,481 $ 29,232 $ 13,486 $ 15,111 $ 178 $ 442,806 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 399 $ 77 $ 241 $ 104 $ 1 $ 32 $ - $ 854 Impaired loans with no allowance recorded - - - - - - - - Total loans individually evaluated for impairment 399 77 241 104 1 32 - 854 Loans collectively evaluated for impairment 3,633 1,382 745 962 139 160 2 7,023 Total loans held for investment $ 4,032 $ 1,459 $ 986 $ 1,066 $ 140 $ 192 $ 2 $ 7,877 A valuation allowance is established for an impaired loan when the fair value of the loan is less than the recorded investment. In certain cases, portions of impaired loans are charged-off to realizable value instead of establishing a valuation allowance and are included, when applicable in the table below as “Impaired loans without specific valuation allowance under ASC 310.” The valuation allowance disclosed above is included in the allowance for loan losses reported in the consolidated balance sheets as of September 30, 2015 and December 31, 2014. The table below reflects recorded investment in loans classified as impaired: September 30, December 31, 2015 2014 (in thousands) Impaired loans with a specific valuation allowance under ASC 310 $ 10,238 $ 13,136 Impaired loans without a specific valuation allowance under ASC 310 6,881 3,703 Total impaired loans $ 17,119 $ 16,839 Valuation allowance related to impaired loans $ 555 $ 854 The following tables summarize impaired loans by class of loans: September 30, December 31, 2015 2014 (in thousands) Manufactured housing $ 8,065 $ 7,451 Commercial real estate : Commercial real estate 880 2,320 SBA 504 1st trust deed 1,976 1,294 Commercial 3,063 3,166 SBA 548 1,841 HELOC 318 86 Single family real estate 2,269 681 Total $ 17,119 $ 16,839 The following table summarizes average investment in impaired loans by class of loans and the related interest income recognized: Three Months Ended September 30, 2015 2014 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 7,490 $ 197 $ 7,240 $ 260 Commercial real estate: Commercial real estate 860 - 2,333 - SBA 504 1st trust deed 1,712 31 1,265 18 Land - - - - Construction - - - - Commercial 2,825 - 3,206 17 SBA 663 17 1,560 3 HELOC 190 8 453 - Single family real estate 2,284 24 668 1 Consumer - - - - Total $ 16,024 $ 277 $ 16,725 $ 299 Nine Months Ended September 30, 2015 2014 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 7,346 $ 448 $ 8,072 $ 404 Commercial real estate: Commercial real estate 1,548 - 2,539 - SBA 504 1st 1,417 65 1,029 48 Land - - 68 - Construction - - - - Commercial 2,895 - 3,447 69 SBA 1,226 53 1,671 9 HELOC 137 8 526 8 Single family real estate 1,441 57 707 3 Consumer - - - - Total $ 16,010 $ 631 $ 18,059 $ 541 The Company is not committed to lend additional funds on these impaired loans. The following table reflects the recorded investment in certain types of loans at the periods indicated: September 30, December 31, 2015 2014 (in thousands) Nonaccrual loans $ 7,385 $ 17,883 SBA guaranteed portion of loans included above (2,098 ) (6,856 ) Total nonaccrual loans, net $ 5,287 $ 11,027 Troubled debt restructured loans, gross $ 12,654 $ 9,685 Loans 30 through 89 days past due with interest accruing $ - $ - Allowance for loan losses to gross loans held for investment 1.50 % 1.84 % The accrual of interest is discontinued when substantial doubt exists as to collectability of the loan; generally at the time the loan is 90 days delinquent. Any unpaid but accrued interest is reversed at that time. Thereafter, interest income is no longer recognized on the loan. Interest income may be recognized on impaired loans to the extent they are not past due by 90 days. Interest on nonaccrual loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all of the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Foregone interest on nonaccrual and TDR loans for the three months ended September 30, 2015 and 2014 was $0.1 million and $0.3 million, respectively. Foregone interest on nonaccrual and TDR loans for the nine months ended September 30, 2015 and 2014 was $0.6 million and $1.0 million, respectively. The following table presents the composition of nonaccrual loans, net of government guarantees, by class of loans: September 30, December 31, 2015 2014 (in thousands) Manufactured housing $ 1,618 $ 1,480 Commercial real estate: Commercial real estate 880 2,951 SBA 504 1st trust deed 1,709 1,021 Commercial 44 3,167 SBA 429 1,713 HELOC 318 86 Single family real estate 289 609 Total $ 5,287 $ 11,027 The guaranteed portion of each SBA loan is repurchased from investors when those loans become past due 120 days by either CWB or the SBA directly. After the foreclosure and collection process is complete, the principal balance of loans repurchased by CWB are reimbursed by the SBA. Although these balances do not earn interest during this period, they generally do not result in a loss of principal to CWB; therefore a repurchase reserve has not been established related to these loans. The Company utilizes an internal asset classification system as a means of reporting problem and potential problem loans. Under the Company’s risk rating system, the Company classifies problem and potential problem loans as “Special Mention,” “Substandard,” “Doubtful” and “Loss”. For a detailed discussion on these risk classifications see “Note 1 Summary of Significant Accounting Policies - Allowance for Loan Losses and Provision for Loan Losses” of this Form 10-Q. Loans that do not currently expose the Company to sufficient risk to warrant classification in one of the aforementioned categories but possess weaknesses that deserve management’s close attention are deemed to be Special Mention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution's credit position at some future date. Special Mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Risk ratings are updated as part of our normal loan monitoring process, at a minimum, annually. The following tables present gross loans by risk rating: September 30, 2015 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 168,925 $ - $ 4,507 $ - $ 173,432 Commercial real estate: Commercial real estate 121,320 7,408 4,308 - 133,036 SBA 504 1st trust deed 21,010 591 3,802 - 25,403 Land 5,541 - - - 5,541 Construction 13,322 - - - 13,322 Commercial 60,815 6,532 3,360 - 70,707 SBA 11,282 162 619 73 12,136 HELOC 10,309 - 825 - 11,134 Single family real estate 18,357 - 2,313 - 20,670 Consumer 129 - - - 129 Total, net 431,010 14,693 19,734 73 465,510 SBA guarantee - - 2,571 - 2,571 Total $ 431,010 $ 14,693 $ 22,305 $ 73 $ 468,081 December 31, 2014 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 162,638 $ - $ 7,024 $ - $ 169,662 Commercial real estate: Commercial real estate 106,909 6,544 6,455 - 119,908 SBA 504 1st trust deed 23,038 1,085 3,174 - 27,297 Land 1,569 - - - 1,569 Construction 10,658 - - - 10,658 Commercial 46,275 158 3,250 - 49,683 SBA 12,803 173 1,891 97 14,964 HELOC 12,888 - 593 - 13,481 Single family real estate 14,105 - 852 - 14,957 Consumer 178 - - - 178 Total, net 391,061 7,960 23,239 97 422,357 SBA guarantee - - 6,372 - 6,372 Total $ 391,061 $ 7,960 $ 29,611 $ 97 $ 428,729 Troubled Debt Restructured Loan (TDR) A TDR is a loan on which the bank, for reasons related to a borrower’s financial difficulties, grants a concession to the borrower that the bank would not otherwise consider. The loan terms that have been modified or restructured due to a borrower’s financial situation include, but are not limited to, a reduction in the stated interest rate, an extension of the maturity or renewal of the loan at an interest rate below current market, a reduction in the face amount of the debt, a reduction in the accrued interest, extensions, deferrals, renewals and rewrites. The majority of the bank’s modifications are extensions in terms or deferral of payments which result in no lost principal or interest followed by reductions in interest rates or accrued interest. A TDR is also considered impaired. Generally, a loan that is modified at an effective market rate of interest may no longer be disclosed as a troubled debt restructuring in years subsequent to the restructuring if it is not impaired based on the terms specified by the restructuring agreement. The following tables summarize the financial effects of TDR loans by loan class for the periods presented: For the Three Months Ended September 30, 2015 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing 11 $ 1,292 $ 1,292 $ 1,292 $ 1,292 $ 58 Total 11 $ 1,292 $ 1,292 $ 1,292 $ 1,292 $ 58 For the Nine Months Ended September 30, 2015 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing 19 $ 1,756 $ 1,746 $ 1,443 $ 1,599 $ 73 SBA 1 297 297 - 297 5 HELOC 1 54 54 54 54 - Single family real estate 1 1,917 1,917 1,917 1,917 35 Total 22 $ 4,024 $ 4,014 $ 3,414 $ 3,867 $ 113 For the Three Months Ended September 30, 2014 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing - $ - $ - $ - $ - $ - Total - $ - $ - $ - $ - $ - For the Nine Months Ended September 30, 2014 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing 5 $ 272 $ 272 $ 272 $ 272 $ 10 Total 5 $ 272 $ 272 $ 272 $ 272 $ 10 The average rate concessions were 100 basis points and 76 basis points, respectively, for the three and nine months ended September 30, 2015 and 70 basis points for the nine months ended September 30, 2014. The average term extension in months was 180 and 149 for the third quarter and year to date 2015, respectively, and 180 for the year to date 2014. The following tables present TDR's by class for which there was a payment default during the period: Three Months Ended September 30, 2015 2014 Number of Loans Recorded Investment Effect on Allowance for Loan Losses Number of Loans Recorded Investment Effect on Allowance for Loan Losses (dollars in thousands) - $ - $ - - $ - $ - Total - $ - $ - - $ - $ - Nine Months Ended September 30, 2015 2014 Number of Loans Recorded Investment Effect on Allowance for Loan Losses Number of Loans Recorded Investment Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing - $ - $ - 1 $ 18 $ 1 Total - $ - $ - 1 $ 18 $ 1 A TDR loan is deemed to have a payment default when the borrower fails to make two consecutive payments or the collateral is transferred to repossessed assets. At September 30, 2015 there were no material loan commitments outstanding on TDR loans.

OTHER ASSETS ACQUIRED THROUGH F

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE	9 Months Ended
	Sep. 30, 2015
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE	5. OTHER ASSETS ACQUIRED THROUGH FORECLOSURE The following table summarizes the changes in other assets acquired through foreclosure: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Balance, beginning of period $ 267 $ 610 $ 137 $ 3,811 Additions 209 137 544 822 Proceeds from dispositions (286 ) (290 ) (508 ) (4,326 ) Gains on sales, net 16 18 33 168 Balance, end of period $ 206 $ 475 $ 206 $ 475

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	9 Months Ended
	Sep. 30, 2015
FAIR VALUE MEASUREMENT [Abstract]
FAIR VALUE MEASUREMENT	6. FAIR VALUE MEASUREMENT The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities. FASB ASC 820, Fair Value Measurements and Disclosures · Level 1— Observable quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. · Level 2— Observable quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, matrix pricing or model-based valuation techniques where all significant assumptions are observable, either directly or indirectly in the market. · Level 3— Model-based techniques where all significant assumptions are not observable, either directly or indirectly, in the market. These unobservable assumptions reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include use of discounted cash flow models and similar techniques. The availability of observable inputs varies based on the nature of the specific financial instrument. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for instruments categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Fair value is a market-based measure considered from the perspective of a market participant who holds the asset or owes the liability rather than an entity-specific measure. When market assumptions are available, ASC 820 requires the Company to make assumptions regarding the assumptions that market participants would use to estimate the fair value of the financial instrument at the measurement date. FASB ASC 825, Financial Instruments Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction at September 30, 2015 and December 31, 2014. The estimated fair value amounts for September 30, 2015 and December 31, 2014 have been measured as of period-end, and have not been reevaluated or updated for purposes of these consolidated financial statements subsequent to those dates. As such, the estimated fair values of these financial instruments subsequent to the reporting date may be different than the amounts reported at the period-end. This information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only required for a limited portion of the Company’s assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimate, comparisons between the Company’s disclosures and those of other companies or banks may not be meaningful. The following tables summarize the fair value of assets measured on a recurring basis: Fair Value Measurements at the End of the Reporting Period Using: September 30, 2015 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (Level 3) Fair Value Assets: (in thousands) Investment securities available-for-sale $ 52 $ 23,904 $ - $ 23,956 Interest only strips - - 242 242 Servicing assets - - 184 184 $ 52 $ 23,904 $ 426 $ 24,382 Fair Value Measurements at the End of the Reporting Period Using: December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Assets: (in thousands) Investment securities available-for-sale $ 61 $ 22,133 $ - $ 22,194 Interest only strips - - 293 293 Servicing assets - - 203 203 $ 61 $ 22,133 $ 496 $ 22,690 Market valuations of our investment securities which are classified as level 2 are provided by an independent third party. The fair values are determined by using several sources for valuing fixed income securities. Their techniques include pricing models that vary based on the type of asset being valued and incorporate available trade, bid and other market information. In accordance with the fair value hierarchy, the market valuation sources include observable market inputs and are therefore considered Level 2 inputs for purposes of determining the fair values. On certain SBA loan sales, the Company retained I/O strips which represent the present value of excess net cash flows generated by the difference between (a) interest at the stated rate paid by borrowers and (b) the sum of (i) pass-through interest paid to third-party investors and (ii) contractual servicing fees. I/O strips are classified as Level 3 in the fair value hierarchy. The fair value is determined on a quarterly basis through a discounted cash flow analysis prepared by an independent third party using industry prepayment speeds. I/O strip valuation adjustments are recorded as additions or offsets to loan servicing income. For additional information see Note 3 “Loan Sales and Servicing” beginning on page 15. Historically, the Company has elected to use the amortizing method for the treatment of servicing assets and has measured for impairment on a quarterly basis through a discounted cash flow analysis prepared by an independent third party using industry prepayment speeds. In connection with the sale of certain SBA and USDA loans the Company recorded servicing assets and elected to measure those assets at fair value in accordance with ASC 825-10. Significant assumptions in the valuation of servicing assets include estimated loan repayment rates, the discount rate, and servicing costs, among others. Servicing assets are classified as Level 3 measurements due to the use of significant unobservable inputs, as well as significant management judgment and estimation. The Company also has assets that under certain conditions are subject to measurement at fair value on a non-recurring basis. These assets include loans held for sale, foreclosed real estate and repossessed assets and certain loans that are considered impaired per generally accepted accounting principles. The following summarizes the fair value measurements of assets measured on a non-recurring basis: Fair Value Measurements at the End of the Reporting Period Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Active Markets for Similar Assets (Level 2) Unobservable Inputs (Level 3) (in thousands) As of September 30, 2015: Impaired loans $ 4,568 $ - $ 4,568 $ - Loans held for sale 70,271 - 70,271 - Foreclosed real estate and repossessed assets 206 - 206 - $ 75,045 $ - $ 75,045 $ - As of December 31, 2014: Impaired loans $ 5,580 $ - $ 5,580 $ - Loans held for sale 71,475 - 71,475 - Foreclosed real estate and repossessed assets 137 - 137 - $ 77,192 $ - $ 77,192 $ - The Company records certain loans at fair value on a non-recurring basis. When a loan is considered impaired an allowance for a loan loss is established. The fair value measurement and disclosure requirement applies to loans measured for impairment using the practical expedients method permitted by accounting guidance for impaired loans. Impaired loans are measured at an observable market price, if available or at the fair value of the loan’s collateral, if the loan is collateral dependent. The fair value of the loan’s collateral is determined by appraisals or independent valuation. When the fair value of the loan’s collateral is based on an observable market price or current appraised value, given the current real estate markets, the appraisals may contain a wide range of values and accordingly, the Company classifies the fair value of the impaired loans as a non-recurring valuation within Level 2 of the valuation hierarchy. For loans in which impairment is determined based on the net present value of cash flows, the Company classifies these as a non-recurring valuation within Level 3 of the valuation hierarchy. Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics or based on the agreed-upon sale price. As such, the Company classifies the fair value of loans held for sale as a non-recurring valuation within Level 2 of the fair value hierarchy. At September 30, 2015 and December 31 2014, the Company had loans held for sale with an aggregate carrying value of $65.5 million and $66.8 million respectively. Foreclosed real estate and repossessed assets are carried at the lower of book value or fair value less estimated costs to sell. Fair value is based upon independent market prices obtained from certified appraisers or the current listing price, if lower. When the fair value of the collateral is based on a current appraised value, the Company reports the fair value of the foreclosed collateral as non-recurring Level 2. When a current appraised value is not available or if management determines the fair value of the collateral is further impaired, the Company reports the foreclosed collateral as non-recurring Level 3. FAIR VALUES OF FINANCIAL INSTRUMENTS The estimated fair values of financial instruments have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret market data to develop estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The estimated fair value of the Company’s financial instruments are as follows: September 30, 2015 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 23,693 $ 23,693 $ - $ - $ 23,693 Interest-bearing deposits in other financial institutions 99 99 - - 99 FRB and FHLB stock 3,259 - 3,259 - 3,259 Investment securities 31,201 52 31,576 - 31,628 Loans, net 525,986 - 529,796 11,996 541,792 Financial liabilities: Deposits 526,786 - 527,662 - 527,662 Other borrowings 5,000 - 5,001 - 5,001 December 31, 2014 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 18,959 $ 18,959 $ - $ - $ 18,959 Interest-bearing deposits in other financial institutions 99 99 - - 99 FRB and FHLB stock 3,089 - 3,089 - 3,089 Investment securities 30,641 61 31,027 - 31,088 Loans, net 487,256 - 490,193 10,405 500,598 Financial liabilities: Deposits 477,084 - 477,204 - 477,204 Other borrowings 10,000 - 10,070 - 10,070 The following methods and assumptions were used by the Company in estimating the fair value of its financial instruments: Cash and cash equivalents The carrying amounts reported in the consolidated balance sheets for cash and due from banks approximate their fair value. Money market investments The carrying amounts reported in the consolidated balance sheets for money market investments approximate their fair value . Investment securities The fair value of Farmer Mac class A stock is based on quoted market prices and are categorized as Level 1 of the fair value hierarchy. The fair value of other investment securities were determined based on matrix pricing. Matrix pricing is a mathematical technique that utilizes observable market inputs including, for example, yield curves, credit ratings and prepayment speeds. Fair values determined using matrix pricing are generally categorized as Level 2 in the fair value hierarchy. Federal Reserve Stock and Federal Home Loan Bank Stock CWB is a member of the FHLB system and maintains an investment in capital stock of the FHLB. CWB also maintain an investment in capital stock of the Federal Reserve Bank (“FRB”). These investments are carried at cost since no ready market exists for them, and they have no quoted market value. The Company conducts a periodic review and evaluation of our FHLB stock to determine if any impairment exists. The fair values have been categorized as Level 2 in the fair value hierarchy. Loans Fair value for loans is estimated based on discounted cash flows using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality with adjustments that the Company believes a market participant would consider in determining fair value based on a third party independent valuation. As a result, the fair value for loans is categorized as Level 2 in the fair value hierarchy. Fair values of impaired loans using a discounted cash flow method to measure impairment have been categorized as Level 3. Deposits The amount payable at demand at report date is used to estimate the fair value of demand and savings deposits. The estimated fair values of fixed-rate time deposits are determined by discounting the cash flows of segments of deposits that have similar maturities and rates, utilizing a discount rate that approximates the prevailing rates offered to depositors as of the measurement date. The fair value measurement of deposit liabilities is categorized as Level 2 in the fair value hierarchy. Federal Home Loan Bank advances and other borrowings The fair values of the Company’s borrowings are estimated using discounted cash flow analyses, based on the market rates for similar types of borrowing arrangements. The FHLB advances have been categorized as Level 2 in the fair value hierarchy. Off-balance sheet instruments Fair values for the Company’s off-balance sheet instruments (lending commitments and standby letters of credit) are based on quoted fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The standby letters of credit outstanding at September 30, 2015 and December 31, 2014 were $0.1 million, respectively. Unfunded loan commitments at September 30, 2015 and December 31, 2014 were $38.0 million and $28.2 million, respectively.

OTHER BORROWINGS AND CONVERTIBL

OTHER BORROWINGS AND CONVERTIBLE DEBENTURES	9 Months Ended
	Sep. 30, 2015
OTHER BORROWINGS AND CONVERTIBLE DEBENTURES [Abstract]
OTHER BORROWINGS AND CONVERTIBLE DEBENTURES	7. OTHER BORROWINGS AND CONVERTIBLE DEBENTURES Federal Home Loan Bank Advances – Federal Reserve Bank – Convertible Debentures Federal Funds Purchased Lines – Line of Credit

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2015
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	8. STOCKHOLDERS’ EQUITY The following table summarizes the changes in other comprehensive income (loss) by component, net of tax for the period indicated: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Unrealized holding gains (losses) on AFS Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ (122 ) $ (120 ) $ 31 $ (274 ) Other comprehensive income (loss) before reclassifications 92 34 (61 ) 188 Amounts reclassified from accumulated other comprehensive income - - - - Net current-period other comprehensive income (loss) 92 34 (61 ) 188 Ending Balance $ (30 ) $ (86 ) $ (30 ) $ (86 ) There were no reclassifications out of accumulated other comprehensive income for the three and nine months ended September 30, 2015 or 2014. Preferred Stock The Company’s Series A Preferred Stock paid cumulative dividends at a rate of 9% per year. The Series A Preferred Stock has no maturity date and ranks senior to the Common Stock with respect to the payment of dividends and distributions and amounts payable upon liquidation, dissolution and winding up of the Company. During 2014, the Company completed redemption of 55% of the Series A Preferred Stock. The Company redeemed 8,586 shares of Series A Preferred Stock for $8.4 million and recognized a discount on the partial redemption of $0.2 million. During 2015, the Company redeemed an additional 1,440 shares of Series A Preferred Stock for $1.4 million and recognized a discount on the partial redemption of $0.1 million. During the three and nine months ended September 30, 2015 and 2014, the Company recorded $0.1 million and $0.4 million respectively, of dividends on preferred stock. Common Stock Warrant The Warrant issued as part of the TARP provides for the purchase of up to 521,158 shares of the common stock, at an exercise price of $4.49 per share (“Warrant Shares”). The Warrant is immediately exercisable and expires on December 19, 2018. The exercise price and the ultimate number of shares of common stock that may be issued under the Warrant are subject to certain anti-dilution adjustments, such as upon stock splits or distributions of securities or other assets to holders of the common stock, and upon certain issuances of the common stock at or below a specified price relative to the then current market price of the common stock. In the second quarter of 2013, the Treasury sold its warrant position to a private investor. Pursuant to the Securities Purchase Agreement, the private investor has agreed not to exercise voting power with respect to any Warrant Shares. Common Stock During the third quarter of 2015, the Company repurchased 3,000 common stock shares for an average price of $6.84 a share under the recently announced common stock repurchase program. During the three and nine months ended September 30, 2015, the Company paid a quarterly common stock dividend of $0.2 million and $0.7 million, respectively. The Company paid a common stock dividend of $0.2 million in the third quarter of 2014. During the first quarter of 2014, the Company issued 316,872 shares of common stock in conjunction with debenture conversions.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2015
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	9. EARNINGS PER SHARE The following table presents a reconciliation of basic earnings per share and diluted earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands, except per share amounts) Net income $ 1,591 $ 1,712 $ 1,019 $ 4,860 Less: dividends and accretion on preferred stock and discount on partial redemption 125 176 272 634 Net income available to common stockholders $ 1,466 $ 1,536 $ 747 $ 4,226 Add: debenture interest expense and costs, net of income taxes - - - 103 Net income for diluted calculation of earnings per common share $ 1,466 $ 1,536 $ 747 $ 4,329 Weighted average number of common shares outstanding - basic 8,203 8,200 8,204 8,120 Weighted average number of common shares outstanding - diluted 8,508 8,494 8,503 8,512 Earnings per share: Basic $ 0.18 $ 0.19 $ 0.09 $ 0.52 Diluted $ 0.17 $ 0.18 $ 0.09 $ 0.51

CAPITAL REQUIREMENT

CAPITAL REQUIREMENT	9 Months Ended
	Sep. 30, 2015
CAPITAL REQUIREMENT [Abstract]
CAPITAL REQUIREMENT	10. CAPITAL REQUIREMENT The Company and CWB are subject to various regulatory capital adequacy requirements administered by the Federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory - and possibly additional discretionary - actions by regulators that, if undertaken, could have a direct material effect on the Company’s business and financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and CWB must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Prompt corrective action provisions are not applicable to bank holding companies. Effective January 1, 2015, CWB was subject to the new guidelines for determining regulatory capital known as “Basel III.” These capital rules among other things implement capital reforms and introduce a minimum Common Equity Tier 1 (CET1) ratio of 4.5% and a capital conservation buffer of 2.5%. Phase-in of the capital conservation buffer requirements will begin on January 1, 2016. Effective March 31, 2015, CWBC met the requirements under the final rule changes to the Federal Reserve’s Small Bank Holding Company Policy Statement for institutions with $500 million to $1 billion in total consolidated assets. Under the revised policy, CWBC is no longer subject to certain consolidated regulatory financial reporting requirements and is not subject to Basel III capital rules and reporting requirements. As of September 30, 2015 and December 31, 2014, the Company and CWB met the minimum capital ratio requirements to be classified as well-capitalized, as defined by the banking agencies. The Company’s and CWB’s capital amounts and ratios as of September 30, 2015 and December 31, 2014 are presented in the table below: Total Capital Tier 1 Capital Common Equity Tier 1 Capital Risk- Weighted Assets Adjusted Average Assets Total Risk- Based Capital Ratio Tier 1 Risk-Based Capital Ratio Common Equity Tier 1 Ratio Tier 1 Leverage Ratio September 30, 2015 (dollars in thousands) CWB $ 70,756 $ 64,543 $ 64,543 $ 496,221 $ 601,486 14.26 % 13.01 % 13.01 % 10.73 % Well-capitalized ratios 10.00 % 8.00 % 6.50 % 5.00 % Minimum capital ratios 8.00 % 6.00 % 4.50 % 4.00 % December 31, 2014 (Under previous requirements) CWBC (Consolidated) $ 72,569 $ 66,939 N/ A $ 448,199 $ 564,630 16.19 % 14.94 % N/ A 11.86 % CWB $ 71,303 $ 65,673 N/ A $ 448,118 $ 564,331 15.91 % 14.66 % N/ A 11.64 % Well-capitalized ratios 10.00 % 6.00 % N/ A 5.00 % Minimum capital ratios 8.00 % 4.00 % N/ A 4.00 %

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Sep. 30, 2015
CONTINGENCIES [Abstract]
CONTINGENCIES	11. CONTINGENCIES Loan Litigation Settlement On or about December 16, 2013, CWB was served with the Summons and Complaint in the action entitled Residential Funding Company, LLC v. Community West Bank, N.A. RFC alleged it placed the loans from CWB into residential mortgage backed securitizations trusts (“Trusts”) and issued certificates in the Trusts to outside investors. The loans CWB sold to RFC were eventually included along with numerous other third party lender loans in approximately 30 different Trusts. RFC alleged that, over time, the loans defaulted or became delinquent and, from 2008 until May 14, 2012, RFC faced numerous claims and lawsuits stemming from the loans. RFC alleged that it had to file for bankruptcy protection to defend the claims. RFC alleged that CWB was responsible for the problems with the loans in the Action and that numerous other lenders were responsible in the other actions RFC has filed. RFC alleged that under its agreement with CWB, CWB agreed to indemnify RFC for losses or repurchase the loans at RFC’s option. CWB denied any liability in the Action. The status of the Action has been disclosed in quarterly filings commencing with the Annual Report on Form 10-K for the year ended December 31, 2013. On June 8, 2015, CWB reached a settlement with RFC. The settlement resolved the Action and any further litigation between RFC and CWB concerning residential mortgage loans sold to RFC. Under the settlement, CWB agreed to pay RFC $7.5 million and received a dismissal with prejudice in the Action. The Action was just one of many filed by RFC against various banks still pending in courts in New York and Minnesota. Other The Company is involved in various other litigation matters of a routine nature that are being handled and defended in the ordinary course of the Company’s business. In the opinion of Management, based in part on consultation with legal counsel, the resolution of these litigation matters will not have a material impact on the Company’s financial position or results of operations.

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Nature of Operations	Nature of Operations Community West Bancshares (“CWBC”), incorporated under the laws of the state of California, is a bank holding company providing full service banking through its wholly-owned subsidiary Community West Bank, N.A. (“CWB” or the “Bank”). These entities are collectively referred to herein as the “Company.”
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States (“GAAP”) and conform to practices within the financial services industry. The accounts of the Company and its consolidated subsidiary are included in these Consolidated Financial Statements. All significant intercompany balances and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term relate to the determination of the allowance for loan losses, the fair value of other real estate owned and the fair value of securities available for sale. Although Management believes these estimates to be reasonably accurate, actual amounts may differ. In the opinion of Management, all adjustments considered necessary have been reflected in the financial statements during their preparation.
Interim Financial Information	Interim Financial Information The accompanying unaudited consolidated financial statements as of and for the three and nine months ended September 30, 2015 and 2014 have been prepared in a condensed format, and therefore do not include all of the information and footnotes required by GAAP for complete financial statements. These statements have been prepared on a basis that is substantially consistent with the accounting principles applied to our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2014. The information furnished in these interim statements reflects all adjustments which are, in the opinion of management, necessary for a fair statement of the results for each respective period presented. Such adjustments are of a normal recurring nature. The results of operations in the interim statements are not necessarily indicative of the results that may be expected for any other quarter or for the full year. The interim financial information should be read in conjunction with the Company’s audited consolidated financial statements.
Reclassifications	Reclassifications Certain amounts in the consolidated financial statements as of December 31, 2014 and for the three and nine months ended September 30, 2014 have been reclassified to conform to the current presentation. The reclassifications have no effect on net income, comprehensive income or stockholders’ equity as previously reported.
Loans Held for Sale	Loans Held For Sale Loans which are originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value determined on an aggregate basis. Valuation adjustments, if any, are recognized through a valuation allowance by charges to lower of cost or fair value provision. Loans held for sale are mostly comprised of SBA and commercial agriculture. On August 14, 2015 the Company announced its exit from originating single family residential loans for sale. The Company did not incur any lower of cost or fair value provision in the three and nine months ended September 30, 2015 and 2014.
Loans Held for Investment and Interest and Fees from Loans	Loans Held for Investment and Interest and Fees from Loans Loans are recognized at the principal amount outstanding, net of unearned income, loan participations and amounts charged off. Unearned income includes deferred loan origination fees reduced by loan origination costs. Unearned income on loans is amortized to interest income over the life of the related loan using the level yield method. Interest income on loans is accrued daily using the effective interest method and recognized over the terms of the loans. Loan fees collected for the origination of loans less direct loan origination costs (net deferred loan fees) are amortized over the contractual life of the loan through interest income. If the loan has scheduled payments, the amortization of the net deferred loan fee is calculated using the interest method over the contractual life of the loan. If the loan does not have scheduled payments, such as a line of credit, the net deferred loan fee is recognized as interest income on a straight-line basis over the contractual life of the loan commitment. Commitment fees based on a percentage of a customer’s unused line of credit and fees related to standby letters of credit are recognized over the commitment period. When loans are repaid, any remaining unamortized balances of unearned fees, deferred fees and costs and premiums and discounts paid on purchased loans are accounted for through interest income. Nonaccrual loans: For all loan types, when a loan is placed on nonaccrual status, all interest accrued but uncollected is reversed against interest income in the period in which the status is changed. Subsequent payments received from the customer are applied to principal and no further interest income is recognized until the principal has been paid in full or until circumstances have changed such that payments are again consistently received as contractually required. The Company occasionally recognizes income on a cash basis for non-accrual loans in which the collection of the remaining principal balance is not in doubt. Impaired loans: Troubled debt restructured loan (“TDR”): Generally, a loan that is modified at an effective market rate of interest may no longer be disclosed as a troubled debt restructuring in years subsequent to the restructuring if it is not impaired based on the terms specified by the restructuring agreement.
Allowance for Loan Losses and Provision for Loan Losses	Allowance for Loan Losses and Provision for Loan Losses The Company maintains a detailed, systematic analysis and procedural discipline to determine the amount of the allowance for loan losses (“ALL”). The ALL is based on estimates and is intended to be appropriate to provide for probable losses inherent in the loan portfolio. This process involves deriving probable loss estimates that are based on migration analysis and historical loss rates, in addition to qualitative factors that are based on management’s judgment. The migration analysis and historical loss rate calculations are based on the annualized loss rates utilizing a twelve-quarter loss history. Migration analysis is utilized for the Commercial Real Estate (“CRE”), Commercial, Commercial Agriculture, Small Business Administration (“SBA”), Home Equity Line of Credit (“HELOC”), Single Family Residential, and Consumer portfolios. The historical loss rate method is utilized primarily for the Manufactured Housing portfolio. The migration analysis takes into account the risk rating of loans that are charged off in each loan category. Loans that are considered Doubtful are typically charged off. The following is a description of the characteristics of loan ratings. Loan ratings are reviewed as part of our normal loan monitoring process, but, at a minimum, updated on an annual basis. Outstanding – Good – Pass - Watch – Special Mention - Substandard - Doubtful - Loss - The Company’s ALL is maintained at a level believed appropriate by management to absorb known and inherent probable losses on existing loans. The allowance is charged for losses when management believes that full recovery on the loan is unlikely. The following is the Company’s policy regarding charging off loans. Commercial, CRE and SBA Loans Charge-offs on these loan categories are taken as soon as all or a portion of any loan balance is deemed to be uncollectible. A loan is considered impaired when, based on current information, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest under the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and/or interest payments. Loans that experience insignificant payment delays or payment shortfalls generally are not classified as impaired. Generally, loan balances are charged-down to the fair value of the collateral, if, based on a current assessment of the value, an apparent deficiency exists. In the event there is no perceived equity, the loan is charged-off in full. Unsecured loans which are delinquent over 90 days are also charged-off in full. Single Family Real Estate, HELOC’s and Manufactured Housing Loans Consumer loans and residential mortgages secured by one-to-four family residential properties, HELOC and manufactured housing loans in which principal or interest is due and unpaid for 90 days, are evaluated for impairment. Loan balances are charged-off to the fair value of the property, less estimated selling costs, if, based on a current appraisal, an apparent deficiency exists. In the event there is no perceived equity, the loan is generally fully charged-off. Other consumer loans which are not secured and unpaid over 90-120 days are charged-off in full. Consumer Loans All consumer loans (excluding real estate mortgages, HELOCs and savings secured loans) are charged-off or charged-down to net recoverable value before becoming 120 days or five payments delinquent. The ALL calculation for the different loan portfolios is as follows: · Commercial Real Estate, Commercial, Commercial Agriculture, SBA, HELOC, Single Family Residential, and Consumer – Migration analysis combined with risk rating is used to determine the required ALL for all non-impaired loans. In addition, the migration results are adjusted based upon qualitative factors that affect this specific portfolio category. Reserves on impaired loans are determined based upon the individual characteristics of the loan. · Manufactured Housing – The ALL is calculated on the basis of loss history and risk rating, which is primarily a function of delinquency. In addition, the loss results are adjusted based upon qualitative factors that affect this specific portfolio. The Company evaluates and individually assesses for impairment loans generally greater than $500,000, classified as substandard or doubtful in addition to loans either on nonaccrual, considered a TDR or when other conditions exist which lead management to review for possible impairment. Measurement of impairment on impaired loans is determined on a loan-by-loan basis and in total establishes a specific reserve for impaired loans. The amount of impairment is determined by comparing the recorded investment in each loan with its value measured by one of three methods: · The expected future cash flows are estimated and then discounted at the effective interest rate. · The value of the underlying collateral net of selling costs. Selling costs are estimated based on industry standards, the Company’s actual experience or actual costs incurred as appropriate. When evaluating real estate collateral, the Company typically uses appraisals or valuations, no more than twelve months old at time of evaluation. When evaluating non-real estate collateral securing the loan, the Company will use audited financial statements or appraisals no more than twelve months old at time of evaluation. Additionally, for both real estate and non-real estate collateral, the Company may use other sources to determine value as deemed appropriate. · The loan’s observable market price. Interest income is not recognized on impaired loans except for limited circumstances in which a loan, although impaired, continues to perform in accordance with the loan contract and the borrower provides financial information to support maintaining the loan on accrual. The Company determines the appropriate ALL on a monthly basis. Any differences between estimated and actual observed losses from the prior month are reflected in the current period in determining the appropriate ALL determination and adjusted as deemed necessary. The review of the appropriateness of the allowance takes into consideration such factors as concentrations of credit, changes in the growth, size and composition of the loan portfolio, overall and individual portfolio quality, review of specific problem loans, collateral, guarantees and economic and environmental conditions that may affect the borrowers' ability to pay and/or the value of the underlying collateral. Additional factors considered include: geographic location of borrowers, changes in the Company’s product-specific credit policy and lending staff experience. These estimates depend on the outcome of future events and, therefore, contain inherent uncertainties. Another component of the ALL considers qualitative factors related to non-impaired loans. The qualitative portion of the allowance on each of the loan pools is based on the following factors: · Concentrations of credit · International risk · Trends in volume, maturity, and composition · Volume and trend in delinquency · Economic conditions · Outside exams · Geographic distance · Policy and changes · Staff experience and ability
Off Balance Sheet and Credit Exposure	Off Balance Sheet and Credit Exposure In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the consolidated financial statements when they are funded. They involve, to varying degrees, elements of credit risk in excess of amounts recognized in the consolidated balance sheets. Losses would be experienced when the Company is contractually obligated to make a payment under these instruments and must seek repayment from the borrower, which may not be as financially sound in the current period as they were when the commitment was originally made. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company enters into credit arrangements that generally provide for the termination of advances in the event of a covenant violation or other event of default. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the party. The commitments are collateralized by the same types of assets used as loan collateral. As with outstanding loans, the Company applies qualitative factors and utilization rates to its off-balance sheet obligations in determining an estimate of losses inherent in these contractual obligations. The estimate for loan losses on off-balance sheet instruments is included within other liabilities and the charge to income that establishes this liability is included in non-interest expense.
Foreclosed Real Estate and Repossessed Assets	Foreclosed Real Estate and Repossessed Assets Foreclosed real estate and other repossessed assets are recorded at fair value at the time of foreclosure less estimated costs to sell. Any excess of loan balance over the fair value less estimated costs to sell of the other assets is charged-off against the allowance for loan losses. Any excess of the fair value less estimated costs to sell over the loan balance is recorded as a loan loss recovery to the extent of the loan loss previously charged-off against the allowance for loan losses; and, if greater, recorded as a gain on foreclosed assets. Subsequent to the legal ownership date, the Company periodically performs a new valuation and the asset is carried at the lower of carrying amount or fair value less estimated costs to sell. Operating expenses or income, and gains or losses on disposition of such properties, are recorded in current operations.
Income Taxes	Income Taxes The Company uses the asset and liability method, which recognizes an asset or liability representing the tax effects of future deductible or taxable amounts that have been recognized in the consolidated financial statements. Due to tax regulations, certain items of income and expense are recognized in different periods for tax return purposes than for financial statement reporting. These items represent “temporary differences.” Deferred income taxes are recognized for the tax effect of temporary differences between the tax basis of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is established for deferred tax assets if, based on weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets may not be realized. Any interest or penalties assessed by the taxing authorities is classified in the financial statements as income tax expense. Deferred tax assets are included in other assets on the consolidated balance sheets. Management evaluates the Company’s deferred tax asset for recoverability using a consistent approach which considers the relative impact of negative and positive evidence, including the Company’s historical profitability and projections of future taxable income. The Company is required to establish a valuation allowance for deferred tax assets and record a charge to income if management determines, based on available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets may not be realized. The Company is subject to the provisions of ASC 740, Income Taxes
Earnings Per Share	Earnings Per Share Basic earnings per common share is computed using the weighted average number of common shares outstanding for the period divided into the net income available to common shareholders. Diluted earnings per share include the effect of all dilutive potential common shares for the period. Potentially dilutive common shares include stock options and warrants.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2014, the FASB issued guidance within ASU 2014-04, “Receivables - Troubled Debt Restructurings by Creditors: Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” The amendments in ASU 2014-04, Subtopic 310-40, Receivables -Troubled Debt Restructurings by Creditors, In May 2014, the FASB issued guidance codified within ASU 2014-09, “Revenue Recognition - Revenue from Contracts with Customers,” which amends the guidance in former Topic 605, Revenue Recognition

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2015
INVESTMENT SECURITIES [Abstract]
Amortized Cost and Estimated Fair Value of Investment Securities	The amortized cost and estimated fair value of investment securities are as follows: September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 11,293 $ 3 $ (66 ) $ 11,230 U.S. government agency collateralized mortgage obligations ("CMO") 12,648 74 (48 ) 12,674 Equity securities: Farmer Mac class A stock 66 - (14 ) 52 Total $ 24,007 $ 77 $ (128 ) $ 23,956 Securities held-to-maturity U.S. government agency mortgage backed securities ("MBS") $ 7,245 $ 427 $ - $ 7,672 Total $ 7,245 $ 427 $ - $ 7,672 December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 7,846 $ 65 $ (49 ) $ 7,862 U.S. government agency collateralized mortgage obligations ("CMO") 14,229 73 (31 ) 14,271 Equity securities: Farmer Mac class A stock 66 - (5 ) 61 Total $ 22,141 $ 138 $ (85 ) $ 22,194 Securities held-to-maturity U.S. government agency MBS $ 8,447 $ 447 $ - $ 8,894 Total $ 8,447 $ 447 $ - $ 8,894
Maturity Periods and Weighted Average Yields of Investment Securities	The maturity periods and weighted average yields of investment securities at September 30, 2015 and December 31, 2014 were as follows: September 30, 2015 Less than One Year One to Five Years Five to Ten Years Over Ten Years Total Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Securities available-for-sale (dollars in thousands) U.S. government agency notes $ 9,010 2.4 % $ - - $ 2,220 0.9 % $ - - $ 11,230 2.1 % U.S. government agency CMO - - 5,232 1.2 % 4,036 0.6 % 3,406 1.1 % 12,674 1.0 % Farmer Mac class A stock - - - - - - - - 52 - Total $ 9,010 2.4 % $ 5,232 1.2 % $ 6,256 0.7 % $ 3,406 1.1 % $ 23,956 1.5 % Securities held-to-maturity U.S. government agency MBS $ - - $ 2,222 3.5 % $ 5,023 2.9 % $ - - $ 7,245 3.1 % Total $ - - $ 2,222 3.5 % $ 5,023 2.9 % $ - - $ 7,245 3.1 % December 31, 2014 Less than One Year One to Five Years Five to Ten Years Over Ten Years Total Amount Yield Amount Yield Amount Yield Amount Yield Amount Yield Securities available-for-sale (dollars in thousands) U.S. government agency notes $ 7,862 2.5 % $ - - $ - - $ - - $ 7,862 2.5 % U.S. government agency CMO - - 7,826 1.0 % 2,801 0.6 % 3,644 1.1 % 14,271 1.1 % Farmer Mac class A stock - - - - - - - - 61 - Total $ 7,862 2.5 % $ 7,826 1.0 % $ 2,801 0.6 % $ 3,644 1.1 % $ 22,194 1.3 % Securities held-to-maturity U.S. government agency MBS $ - - $ 3,235 4.0 % $ 5,212 2.4 % $ - - $ 8,447 2.9 % Total $ - - $ 3,235 4.0 % $ 5,212 2.4 % $ - - $ 8,447 2.9 %
Amortized Cost and Fair Value of Investment Securities by Contractual Maturities	The amortized cost and fair value of investment securities by contractual maturities as of the periods presented were as shown below: September 30, December 31, 2015 2014 Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value Securities available for sale (in thousands) Due in one year or less $ 9,067 $ 9,010 $ 7,846 $ 7,862 After one year through five years 5,207 5,232 7,798 7,826 After five years through ten years 6,244 6,256 2,792 2,801 After ten years 3,423 3,406 3,639 3,644 Farmer Mac class A stock 66 52 66 61 $ 24,007 $ 23,956 $ 22,141 $ 22,194 Securities held to maturity Due in one year or less $ - $ - $ - $ - After one year through five years 2,222 2,404 3,235 3,479 After five years through ten years 5,023 5,268 5,212 5,415 After ten years - - - - $ 7,245 $ 7,672 $ 8,447 $ 8,894
Fair Value and Unrealized Losses of Securities in Unrealized Loss Position	The following tables show all securities that are in an unrealized loss position: September 30, 2015 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 49 $ 4,169 $ 17 $ 5,059 $ 66 $ 9,228 U.S. government agency CMO - - 48 1,971 48 1,971 Equity securities: Farmer Mac class A stock 14 52 - - 14 52 $ 63 $ 4,221 $ 65 $ 7,030 $ 128 $ 11,251 Securities held-to-maturity U.S. Government-agency MBS $ - $ - $ - $ - $ - $ - Total $ - $ - $ - $ - $ - $ - December 31, 2014 Less Than Twelve Months More Than Twelve Months Total Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Securities available-for-sale (in thousands) U.S. government agency notes $ 23 $ 1,918 $ 26 $ 3,971 $ 49 $ 5,889 U.S. government agency CMO - - 31 4,090 31 4,090 Equity securities: Farmer Mac class A stock 5 61 - - 5 61 $ 28 $ 1,979 $ 57 $ 8,061 $ 85 $ 10,040 Securities held-to-maturity U.S. Government-agency MBS $ - $ - $ - $ - $ - $ - Total $ - $ - $ - $ - $ - $ -

LOAN SALES AND SERVICING (Table

LOAN SALES AND SERVICING (Tables)	9 Months Ended
	Sep. 30, 2015
Interest Only Strips [Member]
Schedule of Interest Only Strips and Servicing Rights [Line Items]
Summary of Activity for Interest Only Strips and Servicing Rights at Fair Value	The following table presents the I/O strips activity as of the periods presented Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Beginning balance $ 270 $ 329 $ 293 $ 334 Adjustment to fair value (28 ) (11 ) (51 ) (16 ) Ending balance $ 242 $ 318 $ 242 $ 318
Assumptions Used in Estimating the Fair Value	The key data assumptions used in estimating the fair value of the I/O strips as of the periods presented were as follows: September 30, 2015 2014 Weighted-average constant prepayment rate 6.08 % 5.39 % Weighted-average life (in years) 5 6 Weighted-average discount rate 12.23 % 10.53 %
Sensitivity Analysis of Fair Value	A sensitivity analysis of the fair value of the I/O strips to changes in certain key assumptions is presented in the following table: September 30, 2015 2014 ( in thousands) Discount Rate Increase in fair value from 100 basis point decrease $ 6 $ 9 Decrease in fair value from 100 basis point increase (6 ) (9 ) Constant Prepayment Rate Increase in fair value from 10 percent decrease 3 5 Decrease in fair value from 10 percent increase (3 ) (4 )
Servicing Rights [Member]
Schedule of Interest Only Strips and Servicing Rights [Line Items]
Summary of Activity for Servicing Assets Accounted for under Amortization Method	The following is a summary of the activity for servicing assets accounted for under the amortization method: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Beginning balance $ 151 $ 211 $ 167 $ 268 Amortization (8 ) (29 ) (24 ) (86 ) Ending balance $ 143 $ 182 $ 143 $ 182
Summary of Activity for Interest Only Strips and Servicing Rights at Fair Value	The following is a summary of the activity for servicing assets accounted for under the fair value method: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Beginning balance $ 192 $ 275 $ 203 $ 300 Adjustment to fair value (8 ) (57 ) (19 ) (82 ) Ending balance $ 184 $ 218 $ 184 $ 218
Assumptions Used in Estimating the Fair Value	The key data and assumptions used in estimating the fair value of servicing assets as of the periods presented were as follows: September 30, 2015 2014 Weighted-average constant prepayment rate 6.02 % 5.66 % Weighted-average life (in years) 8 9 Weighted-average discount rate 11.73 % 10.79 %
Sensitivity Analysis of Fair Value	A sensitivity analysis of the fair value of servicing assets to change in certain key assumptions is presented in the following table: September 30, 2015 2014 (in thousands) Discount Rate Increase in fair value from 100 basis points decrease $ 8 $ 10 Decrease in fair value from 100 basis points increase (8 ) (9 ) Constant Prepayment Rate Increase in fair value from 10 percent decrease 5 5 Decrease in fair value from 10 percent increase (4 ) (5 )

LOANS HELD FOR INVESTMENT (Tabl

LOANS HELD FOR INVESTMENT (Tables)	9 Months Ended
	Sep. 30, 2015
LOANS HELD FOR INVESTMENT [Abstract]
Portfolio of Loans Held for Investment	The composition of the Company’s loans held for investment loan portfolio follows: September 30, December 31, 2015 2014 (in thousands) Manufactured housing $ 173,432 $ 169,662 Commercial real estate 177,302 159,432 Commercial 70,707 49,683 SBA 14,707 21,336 HELOC 11,134 13,481 Single family real estate 20,670 14,957 Consumer 129 178 468,081 428,729 Allowance for loan losses 7,012 7,877 Deferred fees, net 371 118 Discount on SBA loans 203 237 Total loans held for investment, net $ 460,495 $ 420,497
Current and Past Due Financing Receivable	The following table presents the contractual aging of the recorded investment in past due held for investment loans by class of loans: September 30, 2015 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Total Recorded Investment Over 90 Days and Accruing (in thousands) Manufactured housing $ 173,354 $ 78 $ - $ - $ 78 $ 173,432 $ - Commercial real estate: Commercial real estate 132,424 - - 612 612 133,036 - SBA 504 1st trust deed 24,940 - 463 - 463 25,403 - Land 5,541 - - - - 5,541 - Construction 13,322 - - - - 13,322 - Commercial 70,663 - - 44 44 70,707 - SBA 14,706 1 - - 1 14,707 - HELOC 11,134 - - - - 11,134 - Single family real estate 20,670 - - - - 20,670 - Consumer 129 - - - - 129 - Total $ 466,883 $ 79 $ 463 $ 656 $ 1,198 $ 468,081 $ - December 31, 2014 Current 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Total Recorded Investment Over 90 Days and Accruing (in thousands) Manufactured housing $ 169,233 $ 239 $ - $ 190 $ 429 $ 169,662 $ - Commercial real estate: Commercial real estate 119,090 632 - 186 818 119,908 - SBA 504 1st trust deed 27,297 - - - - 27,297 - Land 1,569 - - - - 1,569 - Construction 10,658 - - - - 10,658 - Commercial 49,683 - - - - 49,683 - SBA 21,333 3 - - 3 21,336 - HELOC 13,459 - - 22 22 13,481 - Single family real estate 14,821 - 136 136 14,957 - Consumer 178 - - - - 178 - Total $ 427,321 $ 874 $ - $ 534 $ 1,408 $ 428,729 $ -
Analysis of Allowance for Loan Losses for Loans Held for Investment	The following table summarizes the changes in the allowance for loan losses: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Beginning balance $ 7,243 $ 10,496 $ 7,877 $ 12,208 Charge-offs (33 ) (318 ) (258 ) (750 ) Recoveries 247 236 1,390 1,338 Net recoveries 214 (82 ) 1,132 588 Provision (credit) (445 ) (1,178 ) (1,997 ) (3,560 ) Ending balance $ 7,012 $ 9,236 $ 7,012 $ 9,236 The following tables summarize the changes in the allowance for loan losses by portfolio type: For the Three Months Ended September 30, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2015 (in thousands) Beginning balance $ 3,808 $ 1,779 $ 795 $ 686 $ 45 $ 129 $ 1 $ 7,243 Charge-offs (33 ) - - - - - - (33 ) Recoveries 38 13 40 153 3 - - 247 Net (charge-offs) recoveries 5 13 40 153 3 - - 214 Provision (credit) (220 ) 43 35 (284 ) (5 ) (15 ) 1 (445 ) Ending balance $ 3,593 $ 1,835 $ 870 $ 555 $ 43 $ 114 $ 2 $ 7,012 2014 Beginning balance $ 4,753 $ 1,985 $ 1,503 $ 1,750 $ 238 $ 265 $ 2 $ 10,496 Charge-offs (112 ) - - (140 ) - (66 ) - (318 ) Recoveries 37 13 38 144 3 1 - 236 Net (charge-offs) recoveries (75 ) 13 38 4 3 (65 ) - (82 ) Provision (credit) (225 ) (459 ) (137 ) (320 ) (51 ) 14 - (1,178 ) Ending balance $ 4,453 $ 1,539 $ 1,404 $ 1,434 $ 190 $ 214 $ 2 $ 9,236 For The Nine Months Ended September 30, Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total 2015 (in thousands) Beginning balance $ 4,032 $ 1,459 $ 986 $ 1,066 $ 140 $ 192 $ 2 $ 7,877 Charge-offs (258 ) - - - - - - (258 ) Recoveries 103 533 383 361 8 2 - 1,390 Net (charge-offs) recoveries (155 ) 533 383 361 8 2 - 1,132 Provision (credit) (284 ) (157 ) (499 ) (872 ) (105 ) (80 ) - (1,997 ) Ending balance $ 3,593 $ 1,835 $ 870 $ 555 $ 43 $ 114 $ 2 $ 7,012 2014 Beginning balance $ 5,114 $ 2,552 $ 2,064 $ 1,951 $ 280 $ 245 $ 2 $ 12,208 Charge-offs (516 ) (16 ) - (152 ) - (66 ) - (750 ) Recoveries 75 844 114 281 21 3 - 1,338 Net (charge-offs) recoveries (441 ) 828 114 129 21 (63 ) - 588 Provision (credit) (220 ) (1,841 ) (774 ) (646 ) (111 ) 32 - (3,560 ) Ending balance $ 4,453 $ 1,539 $ 1,404 $ 1,434 $ 190 $ 214 $ 2 $ 9,236
Schedule of Impaired Loans by Loan Class	The following tables present impairment method information related to loans and allowance for loan losses by loan portfolio segment: Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of September 30, 2015: (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 4,434 $ 386 $ 3,019 $ 400 $ 20 $ 1,979 $ - $ 10,238 Impaired loans with no allowance recorded 3,631 2,470 44 148 298 290 - 6,881 Total loans individually evaluated for impairment 8,065 2,856 3,063 548 318 2,269 - 17,119 Loans collectively evaluated for impairment 165,367 174,446 67,644 14,159 10,816 18,401 129 450,962 Total loans held for investment $ 173,432 $ 177,302 $ 70,707 $ 14,707 $ 11,134 $ 20,670 $ 129 $ 468,081 Unpaid Principal Balance Impaired loans with an allowance recorded $ 4,502 $ 442 $ 3,019 $ 2,019 $ 20 $ 1,979 $ - $ 11,981 Impaired loans with no allowance recorded 5,438 3,879 50 1,953 310 423 - 12,053 Total loans individually evaluated for impairment 9,940 4,321 3,069 3,972 330 2,402 - 24,034 Loans collectively evaluated for impairment 165,367 174,446 67,644 14,159 10,816 18,401 129 450,962 Total loans held for investment $ 175,307 $ 178,767 $ 70,713 $ 18,131 $ 11,146 $ 20,803 $ 129 $ 474,996 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 460 $ 4 $ 41 $ 32 $ - $ 18 $ - $ 555 Impaired loans with no allowance recorded - - - - - - - - Total loans individually evaluated for impairment 460 4 41 32 - 18 - 555 Loans collectively evaluated for impairment 3,133 1,831 829 523 43 96 2 6,457 Total loans held for investment $ 3,593 $ 1,835 $ 870 $ 555 $ 43 $ 114 $ 2 $ 7,012 Manufactured Housing Commercial Real Estate Commercial SBA HELOC Single Family Real Estate Consumer Total Loans Loans Held for Investment as of December 31, 2014: (in thousands) Recorded Investment: Impaired loans with an allowance recorded $ 4,717 $ 2,783 $ 3,122 $ 1,837 $ 86 $ 591 $ - $ 13,136 Impaired loans with no allowance recorded 2,734 831 44 4 - 90 - 3,703 Total loans individually evaluated for impairment 7,451 3,614 3,166 1,841 86 681 - 16,839 Loans collectively evaluated for impairment 162,211 155,818 46,517 19,495 13,395 14,276 178 411,890 Total loans held for investment $ 169,662 $ 159,432 $ 49,683 $ 21,336 $ 13,481 $ 14,957 $ 178 $ 428,729 Unpaid Principal Balance Impaired loans with an allowance recorded $ 5,172 $ 2,979 $ 4,914 $ 9,512 $ 91 $ 644 $ - $ 23,312 Impaired loans with no allowance recorded 4,243 2,895 50 225 - 191 - 7,604 Total loans individually evaluated for impairment 9,415 5,874 4,964 9,737 91 835 - 30,916 Loans collectively evaluated for impairment 162,211 155,818 46,517 19,495 13,395 14,276 178 411,890 Total loans held for investment $ 171,626 $ 161,692 $ 51,481 $ 29,232 $ 13,486 $ 15,111 $ 178 $ 442,806 Related Allowance for Credit Losses Impaired loans with an allowance recorded $ 399 $ 77 $ 241 $ 104 $ 1 $ 32 $ - $ 854 Impaired loans with no allowance recorded - - - - - - - - Total loans individually evaluated for impairment 399 77 241 104 1 32 - 854 Loans collectively evaluated for impairment 3,633 1,382 745 962 139 160 2 7,023 Total loans held for investment $ 4,032 $ 1,459 $ 986 $ 1,066 $ 140 $ 192 $ 2 $ 7,877
Recorded Investment in Certain Loans	The table below reflects recorded investment in loans classified as impaired: September 30, December 31, 2015 2014 (in thousands) Impaired loans with a specific valuation allowance under ASC 310 $ 10,238 $ 13,136 Impaired loans without a specific valuation allowance under ASC 310 6,881 3,703 Total impaired loans $ 17,119 $ 16,839 Valuation allowance related to impaired loans $ 555 $ 854 The following tables summarize impaired loans by class of loans: September 30, December 31, 2015 2014 (in thousands) Manufactured housing $ 8,065 $ 7,451 Commercial real estate : Commercial real estate 880 2,320 SBA 504 1st trust deed 1,976 1,294 Commercial 3,063 3,166 SBA 548 1,841 HELOC 318 86 Single family real estate 2,269 681 Total $ 17,119 $ 16,839 The following table summarizes average investment in impaired loans by class of loans and the related interest income recognized: Three Months Ended September 30, 2015 2014 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 7,490 $ 197 $ 7,240 $ 260 Commercial real estate: Commercial real estate 860 - 2,333 - SBA 504 1st trust deed 1,712 31 1,265 18 Land - - - - Construction - - - - Commercial 2,825 - 3,206 17 SBA 663 17 1,560 3 HELOC 190 8 453 - Single family real estate 2,284 24 668 1 Consumer - - - - Total $ 16,024 $ 277 $ 16,725 $ 299 Nine Months Ended September 30, 2015 2014 Average Investment in Impaired Loans Interest Income Average Investment in Impaired Loans Interest Income (in thousands) Manufactured housing $ 7,346 $ 448 $ 8,072 $ 404 Commercial real estate: Commercial real estate 1,548 - 2,539 - SBA 504 1st 1,417 65 1,029 48 Land - - 68 - Construction - - - - Commercial 2,895 - 3,447 69 SBA 1,226 53 1,671 9 HELOC 137 8 526 8 Single family real estate 1,441 57 707 3 Consumer - - - - Total $ 16,010 $ 631 $ 18,059 $ 541 The Company is not committed to lend additional funds on these impaired loans. The following table reflects the recorded investment in certain types of loans at the periods indicated: September 30, December 31, 2015 2014 (in thousands) Nonaccrual loans $ 7,385 $ 17,883 SBA guaranteed portion of loans included above (2,098 ) (6,856 ) Total nonaccrual loans, net $ 5,287 $ 11,027 Troubled debt restructured loans, gross $ 12,654 $ 9,685 Loans 30 through 89 days past due with interest accruing $ - $ - Allowance for loan losses to gross loans held for investment 1.50 % 1.84 %
Composition of Net Nonaccrual Loans	The following table presents the composition of nonaccrual loans, net of government guarantees, by class of loans: September 30, December 31, 2015 2014 (in thousands) Manufactured housing $ 1,618 $ 1,480 Commercial real estate: Commercial real estate 880 2,951 SBA 504 1st trust deed 1,709 1,021 Commercial 44 3,167 SBA 429 1,713 HELOC 318 86 Single family real estate 289 609 Total $ 5,287 $ 11,027
Schedule of Loans by Rating	The following tables present gross loans by risk rating: September 30, 2015 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 168,925 $ - $ 4,507 $ - $ 173,432 Commercial real estate: Commercial real estate 121,320 7,408 4,308 - 133,036 SBA 504 1st trust deed 21,010 591 3,802 - 25,403 Land 5,541 - - - 5,541 Construction 13,322 - - - 13,322 Commercial 60,815 6,532 3,360 - 70,707 SBA 11,282 162 619 73 12,136 HELOC 10,309 - 825 - 11,134 Single family real estate 18,357 - 2,313 - 20,670 Consumer 129 - - - 129 Total, net 431,010 14,693 19,734 73 465,510 SBA guarantee - - 2,571 - 2,571 Total $ 431,010 $ 14,693 $ 22,305 $ 73 $ 468,081 December 31, 2014 Pass Special Mention Substandard Doubtful Total (in thousands) Manufactured housing $ 162,638 $ - $ 7,024 $ - $ 169,662 Commercial real estate: Commercial real estate 106,909 6,544 6,455 - 119,908 SBA 504 1st trust deed 23,038 1,085 3,174 - 27,297 Land 1,569 - - - 1,569 Construction 10,658 - - - 10,658 Commercial 46,275 158 3,250 - 49,683 SBA 12,803 173 1,891 97 14,964 HELOC 12,888 - 593 - 13,481 Single family real estate 14,105 - 852 - 14,957 Consumer 178 - - - 178 Total, net 391,061 7,960 23,239 97 422,357 SBA guarantee - - 6,372 - 6,372 Total $ 391,061 $ 7,960 $ 29,611 $ 97 $ 428,729
Troubled Debt Restructurings	The following tables summarize the financial effects of TDR loans by loan class for the periods presented: For the Three Months Ended September 30, 2015 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing 11 $ 1,292 $ 1,292 $ 1,292 $ 1,292 $ 58 Total 11 $ 1,292 $ 1,292 $ 1,292 $ 1,292 $ 58 For the Nine Months Ended September 30, 2015 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing 19 $ 1,756 $ 1,746 $ 1,443 $ 1,599 $ 73 SBA 1 297 297 - 297 5 HELOC 1 54 54 54 54 - Single family real estate 1 1,917 1,917 1,917 1,917 35 Total 22 $ 4,024 $ 4,014 $ 3,414 $ 3,867 $ 113 For the Three Months Ended September 30, 2014 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing - $ - $ - $ - $ - $ - Total - $ - $ - $ - $ - $ - For the Nine Months Ended September 30, 2014 Number of Loans Pre- Modification Recorded Investment Post Modification Recorded Investment Balance of Loans with Rate Reduction Balance of Loans with Term Extension Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing 5 $ 272 $ 272 $ 272 $ 272 $ 10 Total 5 $ 272 $ 272 $ 272 $ 272 $ 10 The following tables present TDR's by class for which there was a payment default during the period: Three Months Ended September 30, 2015 2014 Number of Loans Recorded Investment Effect on Allowance for Loan Losses Number of Loans Recorded Investment Effect on Allowance for Loan Losses (dollars in thousands) - $ - $ - - $ - $ - Total - $ - $ - - $ - $ - Nine Months Ended September 30, 2015 2014 Number of Loans Recorded Investment Effect on Allowance for Loan Losses Number of Loans Recorded Investment Effect on Allowance for Loan Losses (dollars in thousands) Manufactured housing - $ - $ - 1 $ 18 $ 1 Total - $ - $ - 1 $ 18 $ 1

OTHER ASSETS ACQUIRED THROUGH24

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Tables)	9 Months Ended
	Sep. 30, 2015
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
Other Assets Acquired through Foreclosure	The following table summarizes the changes in other assets acquired through foreclosure: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands) Balance, beginning of period $ 267 $ 610 $ 137 $ 3,811 Additions 209 137 544 822 Proceeds from dispositions (286 ) (290 ) (508 ) (4,326 ) Gains on sales, net 16 18 33 168 Balance, end of period $ 206 $ 475 $ 206 $ 475

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	9 Months Ended
	Sep. 30, 2015
FAIR VALUE MEASUREMENT [Abstract]
Summary of Fair Value Measurements of Assets Measured on a Recurring Basis	The following tables summarize the fair value of assets measured on a recurring basis: Fair Value Measurements at the End of the Reporting Period Using: September 30, 2015 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (Level 3) Fair Value Assets: (in thousands) Investment securities available-for-sale $ 52 $ 23,904 $ - $ 23,956 Interest only strips - - 242 242 Servicing assets - - 184 184 $ 52 $ 23,904 $ 426 $ 24,382 Fair Value Measurements at the End of the Reporting Period Using: December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Assets: (in thousands) Investment securities available-for-sale $ 61 $ 22,133 $ - $ 22,194 Interest only strips - - 293 293 Servicing assets - - 203 203 $ 61 $ 22,133 $ 496 $ 22,690
Summary of Fair Value Measurements of Assets Measured on a Non-recurring Basis	The following summarizes the fair value measurements of assets measured on a non-recurring basis: Fair Value Measurements at the End of the Reporting Period Using Total Quoted Prices in Active Markets for Identical Assets (Level 1) Active Markets for Similar Assets (Level 2) Unobservable Inputs (Level 3) (in thousands) As of September 30, 2015: Impaired loans $ 4,568 $ - $ 4,568 $ - Loans held for sale 70,271 - 70,271 - Foreclosed real estate and repossessed assets 206 - 206 - $ 75,045 $ - $ 75,045 $ - As of December 31, 2014: Impaired loans $ 5,580 $ - $ 5,580 $ - Loans held for sale 71,475 - 71,475 - Foreclosed real estate and repossessed assets 137 - 137 - $ 77,192 $ - $ 77,192 $ -
Estimated fair values and carrying values of financial instruments	The estimated fair value of the Company’s financial instruments are as follows: September 30, 2015 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 23,693 $ 23,693 $ - $ - $ 23,693 Interest-bearing deposits in other financial institutions 99 99 - - 99 FRB and FHLB stock 3,259 - 3,259 - 3,259 Investment securities 31,201 52 31,576 - 31,628 Loans, net 525,986 - 529,796 11,996 541,792 Financial liabilities: Deposits 526,786 - 527,662 - 527,662 Other borrowings 5,000 - 5,001 - 5,001 December 31, 2014 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total Financial assets: (in thousands) Cash and cash equivalents $ 18,959 $ 18,959 $ - $ - $ 18,959 Interest-bearing deposits in other financial institutions 99 99 - - 99 FRB and FHLB stock 3,089 - 3,089 - 3,089 Investment securities 30,641 61 31,027 - 31,088 Loans, net 487,256 - 490,193 10,405 500,598 Financial liabilities: Deposits 477,084 - 477,204 - 477,204 Other borrowings 10,000 - 10,070 - 10,070

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2015
STOCKHOLDERS' EQUITY [Abstract]
Changes in Other Comprehensive Income (loss) by Component, Net of Tax	The following table summarizes the changes in other comprehensive income (loss) by component, net of tax for the period indicated: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Unrealized holding gains (losses) on AFS Unrealized holding gains (losses) on AFS (in thousands) Beginning balance $ (122 ) $ (120 ) $ 31 $ (274 ) Other comprehensive income (loss) before reclassifications 92 34 (61 ) 188 Amounts reclassified from accumulated other comprehensive income - - - - Net current-period other comprehensive income (loss) 92 34 (61 ) 188 Ending Balance $ (30 ) $ (86 ) $ (30 ) $ (86 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2015
EARNINGS PER SHARE [Abstract]
Reconciliation of Basic and Diluted Earnings per Share	The following table presents a reconciliation of basic earnings per share and diluted earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (in thousands, except per share amounts) Net income $ 1,591 $ 1,712 $ 1,019 $ 4,860 Less: dividends and accretion on preferred stock and discount on partial redemption 125 176 272 634 Net income available to common stockholders $ 1,466 $ 1,536 $ 747 $ 4,226 Add: debenture interest expense and costs, net of income taxes - - - 103 Net income for diluted calculation of earnings per common share $ 1,466 $ 1,536 $ 747 $ 4,329 Weighted average number of common shares outstanding - basic 8,203 8,200 8,204 8,120 Weighted average number of common shares outstanding - diluted 8,508 8,494 8,503 8,512 Earnings per share: Basic $ 0.18 $ 0.19 $ 0.09 $ 0.52 Diluted $ 0.17 $ 0.18 $ 0.09 $ 0.51

CAPITAL REQUIREMENT (Tables)

CAPITAL REQUIREMENT (Tables)	9 Months Ended
	Sep. 30, 2015
CAPITAL REQUIREMENT [Abstract]
Company's and CWB's Capital Amounts and Ratios	The Company’s and CWB’s capital amounts and ratios as of September 30, 2015 and December 31, 2014 are presented in the table below: Total Capital Tier 1 Capital Common Equity Tier 1 Capital Risk- Weighted Assets Adjusted Average Assets Total Risk- Based Capital Ratio Tier 1 Risk-Based Capital Ratio Common Equity Tier 1 Ratio Tier 1 Leverage Ratio September 30, 2015 (dollars in thousands) CWB $ 70,756 $ 64,543 $ 64,543 $ 496,221 $ 601,486 14.26 % 13.01 % 13.01 % 10.73 % Well-capitalized ratios 10.00 % 8.00 % 6.50 % 5.00 % Minimum capital ratios 8.00 % 6.00 % 4.50 % 4.00 % December 31, 2014 (Under previous requirements) CWBC (Consolidated) $ 72,569 $ 66,939 N/ A $ 448,199 $ 564,630 16.19 % 14.94 % N/ A 11.86 % CWB $ 71,303 $ 65,673 N/ A $ 448,118 $ 564,331 15.91 % 14.66 % N/ A 11.64 % Well-capitalized ratios 10.00 % 6.00 % N/ A 5.00 % Minimum capital ratios 8.00 % 4.00 % N/ A 4.00 %

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Sep. 30, 2015USD ($)QuarterPayment
Nonaccrual loans [Abstract]
Period after which loans in accrual status	90 days
Period before which credit card loans and other personal loans typically charged off	180 days
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Period of loss history used for determining the amount of allowance of loan losses | Quarter	12
Threshold amount of loans for evaluation of impairment	$ 500,000
Commercial, Commercial Real Estate and SBA Loans [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Number of days for unsecured loans to be charged off	90 days
Single Family Real Estate, HELOC's and Manufactured Loans [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Period of past due after which loan is considered as uncollectible	90 days
Single Family Real Estate, HELOC's and Manufactured Loans [Member] | Minimum [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Number of days for unsecured loans to be charged off	90 days
Single Family Real Estate, HELOC's and Manufactured Loans [Member] | Maximum [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Number of days for unsecured loans to be charged off	120 days
Consumer [Member]
Allowance for Loan Losses and Provision for Loan Losses [Abstract]
Period of past due after which loan is considered as uncollectible	120 days
Number of delinquent payments | Payment	5

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Securities available-for-sale [Abstract]
Amortized Cost	$ 24,007	$ 22,141
Gross Unrealized Gains	77	138
Gross Unrealized (Losses)	(128)	(85)
Fair Value	23,956	22,194
Securities held-to-maturity [Abstract]
Amortized Cost	7,245	8,447
Gross Unrealized Gains	427	447
Gross Unrealized (Losses)	0	0
Fair Value	7,672	8,894
Available-for-sale and held to maturity securities disclosure [Abstract]
Securities pledged as collateral	31,100	30,600
U.S. Government Agency [Member] | Notes [Member]
Securities available-for-sale [Abstract]
Amortized Cost	11,293	7,846
Gross Unrealized Gains	3	65
Gross Unrealized (Losses)	(66)	(49)
Fair Value	11,230	7,862
U.S. Government Agency [Member] | Collateralized Mortgage Obligations ("CMO") [Member]
Securities available-for-sale [Abstract]
Amortized Cost	12,648	14,229
Gross Unrealized Gains	74	73
Gross Unrealized (Losses)	(48)	(31)
Fair Value	12,674	14,271
Equity Securities: Farmer Mac Class A Stock [Member]
Securities available-for-sale [Abstract]
Amortized Cost	66	66
Gross Unrealized Gains	0	0
Gross Unrealized (Losses)	(14)	(5)
Fair Value	52	61
U.S. Government Agency [Member] | Mortgage Backed Securities ("MBS") [Member]
Securities held-to-maturity [Abstract]
Amortized Cost	7,245	8,447
Gross Unrealized Gains	427	447
Gross Unrealized (Losses)	0	0
Fair Value	$ 7,672	$ 8,894

INVESTMENT SECURITIES, Maturity

INVESTMENT SECURITIES, Maturity Periods and Weighted Average Yields (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than One Year, Amount	$ 9,010	$ 7,862
Less than One Year, Yield	2.40%	2.50%
One to Five Years, Amount	$ 5,232	$ 7,826
One to Five Years, Yield	1.20%	1.00%
Five to Ten Years, Amount	$ 6,256	$ 2,801
Five to Ten Years, Yield	0.70%	0.60%
Over Ten Years, Amount	$ 3,406	$ 3,644
Over Ten Years, Yield	1.10%	1.10%
Total Amount	$ 23,956	$ 22,194
Total Yield	1.50%	1.30%
Maturity periods and weighted average yields of investment securities held-to-maturity [Abstract]
Less than One Year, Amount	$ 0	$ 0
Less than One Year, Yield	0.00%	0.00%
One to Five Years, Amount	$ 2,222	$ 3,235
One to Five Years, Yield	3.50%	4.00%
Five to Ten Years, Amount	$ 5,023	$ 5,212
Five to Ten Years, Yield	2.90%	2.40%
Over Ten Years, Amount	$ 0	$ 0
Over Ten Years, Yield	0.00%	0.00%
Total Amount	$ 7,245	$ 8,447
Total Yield	3.10%	2.90%
U.S. Government Agency [Member] | Notes [Member]
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than One Year, Amount	$ 9,010	$ 7,862
Less than One Year, Yield	2.40%	2.50%
One to Five Years, Amount	$ 0	$ 0
One to Five Years, Yield	0.00%	0.00%
Five to Ten Years, Amount	$ 2,220	$ 0
Five to Ten Years, Yield	0.90%	0.00%
Over Ten Years, Amount	$ 0	$ 0
Over Ten Years, Yield	0.00%	0.00%
Total Amount	$ 11,230	$ 7,862
Total Yield	2.10%	2.50%
U.S. Government Agency [Member] | Collateralized Mortgage Obligations ("CMO") [Member]
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than One Year, Amount	$ 0	$ 0
Less than One Year, Yield	0.00%	0.00%
One to Five Years, Amount	$ 5,232	$ 7,826
One to Five Years, Yield	1.20%	1.00%
Five to Ten Years, Amount	$ 4,036	$ 2,801
Five to Ten Years, Yield	0.60%	0.60%
Over Ten Years, Amount	$ 3,406	$ 3,644
Over Ten Years, Yield	1.10%	1.10%
Total Amount	$ 12,674	$ 14,271
Total Yield	1.00%	1.10%
Equity Securities: Farmer Mac Class A Stock [Member]
Maturity periods and weighted average yields of investment securities available-for-sale [Abstract]
Less than One Year, Amount	$ 0	$ 0
Less than One Year, Yield	0.00%	0.00%
One to Five Years, Amount	$ 0	$ 0
One to Five Years, Yield	0.00%	0.00%
Five to Ten Years, Amount	$ 0	$ 0
Five to Ten Years, Yield	0.00%	0.00%
Over Ten Years, Amount	$ 0	$ 0
Over Ten Years, Yield	0.00%	0.00%
Total Amount	$ 52	$ 61
Total Yield	0.00%	0.00%
U.S. Government Agency [Member] | Mortgage Backed Securities ("MBS") [Member]
Maturity periods and weighted average yields of investment securities held-to-maturity [Abstract]
Less than One Year, Amount	$ 0	$ 0
Less than One Year, Yield	0.00%	0.00%
One to Five Years, Amount	$ 2,222	$ 3,235
One to Five Years, Yield	3.50%	4.00%
Five to Ten Years, Amount	$ 5,023	$ 5,212
Five to Ten Years, Yield	2.90%	2.40%
Over Ten Years, Amount	$ 0	$ 0
Over Ten Years, Yield	0.00%	0.00%
Total Amount	$ 7,245	$ 8,447
Total Yield	3.10%	2.90%

INVESTMENT SECURITIES, Amortize

INVESTMENT SECURITIES, Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Securities available-for-sale, Amortized Cost [Abstract]
Due in one year or less	$ 9,067	$ 7,846
After one year through five years	5,207	7,798
After five years through ten years	6,244	2,792
After ten years	3,423	3,639
Farmer Mac class A stock	66	66
Amortized Cost	24,007	22,141
Securities available for sale, Estimated Fair Value [Abstract]
Due in one year or less	9,010	7,862
After one year through five years	5,232	7,826
After five years through ten years	6,256	2,801
After ten years	3,406	3,644
Farmer Mac class A stock	52	61
Fair Value	23,956	22,194
Securities held to maturity, Amortized Cost [Abstract]
Due in one year or less	0	0
After one year through five years	2,222	3,235
After five years through ten years	5,023	5,212
After ten years	0	0
Amortized Cost	7,245	8,447
Securities held to maturity, Estimated Fair Value [Abstract]
Due in one year or less	0	0
After one year through five years	2,404	3,479
After five years through ten years	5,268	5,415
After ten years	0	0
Fair Value	$ 7,672	$ 8,894

INVESTMENT SECURITIES, Unrealiz

INVESTMENT SECURITIES, Unrealized Loss Positions (Details) $ in Thousands	Sep. 30, 2015USD ($)Security	Dec. 31, 2014USD ($)Security
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less Than Twelve Months, Gross Unrealized Losses	$ 63	$ 28
Less Than Twelve Months, Fair Value	4,221	1,979
More Than Twelve Months, Gross Unrealized Losses	65	57
More Than Twelve Months, Fair Value	7,030	8,061
Total, Gross Unrealized Losses	128	85
Total, Fair Value	11,251	10,040
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less Than Twelve Months, Gross Unrealized Losses	0	0
Less Than Twelve Months, Fair Value	0	0
More Than Twelve Months, Gross Unrealized Losses	0	0
More Than Twelve Months, Fair Value	0	0
Total, Gross Unrealized Losses	0	0
Total, Fair Value	$ 0	$ 0
Securities in unrealized loss positions | Security	7	6
Equity Securities: Farmer Mac Class A Stock [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less Than Twelve Months, Gross Unrealized Losses	$ 14	$ 5
Less Than Twelve Months, Fair Value	52	61
More Than Twelve Months, Gross Unrealized Losses	0	0
More Than Twelve Months, Fair Value	0	0
Total, Gross Unrealized Losses	14	5
Total, Fair Value	52	61
U.S. Government Agency [Member] | Notes [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less Than Twelve Months, Gross Unrealized Losses	49	23
Less Than Twelve Months, Fair Value	4,169	1,918
More Than Twelve Months, Gross Unrealized Losses	17	26
More Than Twelve Months, Fair Value	5,059	3,971
Total, Gross Unrealized Losses	66	49
Total, Fair Value	9,228	5,889
U.S. Government Agency [Member] | Collateralized Mortgage Obligations ("CMO") [Member]
Securities available-for-sale, continuous unrealized loss position [Abstract]
Less Than Twelve Months, Gross Unrealized Losses	0	0
Less Than Twelve Months, Fair Value	0	0
More Than Twelve Months, Gross Unrealized Losses	48	31
More Than Twelve Months, Fair Value	1,971	4,090
Total, Gross Unrealized Losses	48	31
Total, Fair Value	1,971	4,090
U.S. Government Agency [Member] | Mortgage Backed Securities ("MBS") [Member]
Securities held-to-maturity, continuous unrealized loss position [Abstract]
Less Than Twelve Months, Gross Unrealized Losses	0	0
Less Than Twelve Months, Fair Value	0	0
More Than Twelve Months, Gross Unrealized Losses	0	0
More Than Twelve Months, Fair Value	0	0
Total, Gross Unrealized Losses	0	0
Total, Fair Value	$ 0	$ 0

LOAN SALES AND SERVICING, SBA a

LOAN SALES AND SERVICING, SBA and Agriculture Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
SBA [Member]
Servicing Assets at Fair Value [Line Items]
Percentage as required principal balance of each loan, minimum			5.00%
Percentage of loan amount unguaranteed to be periodically sold to third part for cash premium, minimum			5.00%
Loans included in loans held for sale	$ 35,900		$ 35,900		$ 40,800
Principal balance of loans serviced	20,400		20,400		24,600
US Department of Agriculture [Member]
Servicing Assets at Fair Value [Line Items]
Loans included in loans held for sale	29,200		29,200		25,100
Principal balance of loans serviced	1,400		1,400		$ 1,400
Interest Only Strips [Member]
Servicing assets accounted for under the fair value method [Roll Forward]
Beginning balance	270	$ 329	293	$ 334
Adjustment to fair value	(28)	(11)	(51)	(16)
Ending balance	242	318	242	318
Servicing Rights [Member]
Servicing assets accounted for under the fair value method [Roll Forward]
Beginning balance	192	275	203	300
Adjustment to fair value	(8)	(57)	(19)	(82)
Ending balance	$ 184	$ 218	$ 184	$ 218

LOAN SALES AND SERVICING, Fair

LOAN SALES AND SERVICING, Fair Value Assumptions Used (Details)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Interest Only Strips [Member]
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Weighted-average constant prepayment rate	6.08%	5.39%
Weighted-average life	5 years	6 years
Weighted-average discount rate	12.23%	10.53%
Servicing Rights [Member]
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Weighted-average constant prepayment rate	6.02%	5.66%
Weighted-average life	8 years	9 years
Weighted-average discount rate	11.73%	10.79%

LOAN SALES AND SERVICING, Sensi

LOAN SALES AND SERVICING, Sensitivity Analysis of Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Interest Only Strips [Member]
Discount Rate [Abstract]
Increase in fair value from 100 basis points decrease	$ 6	$ 9
Decrease in fair value from 100 basis points increase	(6)	(9)
Constant Prepayment Rate [Abstract]
Increase in fair value from 10 percent decrease	3	5
Decrease in fair value from 10 percent increase	(3)	(4)
Servicing Rights [Member]
Discount Rate [Abstract]
Increase in fair value from 100 basis points decrease	8	10
Decrease in fair value from 100 basis points increase	(8)	(9)
Constant Prepayment Rate [Abstract]
Increase in fair value from 10 percent decrease	5	5
Decrease in fair value from 10 percent increase	$ (4)	$ (5)

LOAN SALES AND SERVICING, Servi

LOAN SALES AND SERVICING, Servicing Assets at Amortization Cost (Details) - Servicing Rights [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Servicing rights accounted for under the amortization method [Roll Forward]
Beginning balance	$ 151	$ 211	$ 167	$ 268
Amortization	(8)	(29)	(24)	(86)
Ending balance	$ 143	$ 182	$ 143	$ 182

LOANS HELD FOR INVESTMENT (Deta

LOANS HELD FOR INVESTMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Loans held for investment [Abstract]
Loans held for investment, gross	$ 468,081	$ 428,729
Allowance for loan losses	7,012	7,877
Deferred fees, net	371	118
Discount on SBA loans	203	237
Total loans held for investment, net	460,495	420,497
Manufactured Housing [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	173,432	169,662
Commercial Real Estate [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	177,302	159,432
Commercial [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	70,707	49,683
SBA [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	14,707	21,336
HELOC [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	11,134	13,481
Single Family Real Estate [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	20,670	14,957
Consumer [Member]
Loans held for investment [Abstract]
Loans held for investment, gross	$ 129	$ 178

LOANS HELD FOR INVESTMENT, Fina

LOANS HELD FOR INVESTMENT, Financing Receivables Past Due (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Aging of loans held for investment [Abstract]
Current	$ 466,883	$ 427,321
Total Past Due	1,198	1,408
Total loans held for investment	468,081	428,729
Recorded Investment Over 90 Days and Accruing	0	0
30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	79	874
60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	463	0
Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	656	534
Manufactured Housing [Member]
Aging of loans held for investment [Abstract]
Current	173,354	169,233
Total Past Due	78	429
Total loans held for investment	173,432	169,662
Recorded Investment Over 90 Days and Accruing	0	0
Manufactured Housing [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	78	239
Manufactured Housing [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Manufactured Housing [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	190
Commercial Real Estate [Member]
Aging of loans held for investment [Abstract]
Total loans held for investment	177,302	159,432
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Aging of loans held for investment [Abstract]
Current	132,424	119,090
Total Past Due	612	818
Total loans held for investment	133,036	119,908
Recorded Investment Over 90 Days and Accruing	0	0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	632
Commercial Real Estate [Member] | Commercial Real Estate [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	612	186
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Aging of loans held for investment [Abstract]
Current	24,940	27,297
Total Past Due	463	0
Total loans held for investment	25,403	27,297
Recorded Investment Over 90 Days and Accruing	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	463	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial Real Estate [Member] | Land [Member]
Aging of loans held for investment [Abstract]
Current	5,541	1,569
Total Past Due	0	0
Total loans held for investment	5,541	1,569
Recorded Investment Over 90 Days and Accruing	0	0
Commercial Real Estate [Member] | Land [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial Real Estate [Member] | Land [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial Real Estate [Member] | Land [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial Real Estate [Member] | Construction [Member]
Aging of loans held for investment [Abstract]
Current	13,322	10,658
Total Past Due	0	0
Total loans held for investment	13,322	10,658
Recorded Investment Over 90 Days and Accruing	0	0
Commercial Real Estate [Member] | Construction [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial Real Estate [Member] | Construction [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial Real Estate [Member] | Construction [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial [Member]
Aging of loans held for investment [Abstract]
Current	70,663	49,683
Total Past Due	44	0
Total loans held for investment	70,707	49,683
Recorded Investment Over 90 Days and Accruing	0	0
Commercial [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Commercial [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	44	0
SBA [Member]
Aging of loans held for investment [Abstract]
Current	14,706	21,333
Total Past Due	1	3
Total loans held for investment	14,707	21,336
Recorded Investment Over 90 Days and Accruing	0	0
SBA [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	1	3
SBA [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
SBA [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
HELOC [Member]
Aging of loans held for investment [Abstract]
Current	11,134	13,459
Total Past Due	0	22
Total loans held for investment	11,134	13,481
Recorded Investment Over 90 Days and Accruing	0	0
HELOC [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
HELOC [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
HELOC [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	22
Single Family Real Estate [Member]
Aging of loans held for investment [Abstract]
Current	20,670	14,821
Total Past Due	0	136
Total loans held for investment	20,670	14,957
Recorded Investment Over 90 Days and Accruing	0	0
Single Family Real Estate [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Single Family Real Estate [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0
Single Family Real Estate [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	136
Consumer [Member]
Aging of loans held for investment [Abstract]
Current	129	178
Total Past Due	0	0
Total loans held for investment	129	178
Recorded Investment Over 90 Days and Accruing	0	0
Consumer [Member] | 30-59 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Consumer [Member] | 60-89 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	0	0
Consumer [Member] | Over 90 Days Past Due [Member]
Aging of loans held for investment [Abstract]
Total Past Due	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Allo

LOANS HELD FOR INVESTMENT, Allowance for Credit Losses by Portfolio Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Summary of provision, charge-offs and recoveries by loan category [Abstract]
Beginning balance	$ 7,243	$ 10,496	$ 7,877	$ 12,208
Charge-offs	(33)	(318)	(258)	(750)
Recoveries	247	236	1,390	1,338
Net (charge-offs) recoveries	214	(82)	1,132	588
Provision (credit)	(445)	(1,178)	(1,997)	(3,560)
Ending balance	7,012	9,236	7,012	9,236
Reserve for credit losses on undisbursed loans	49		49		$ 49
Manufactured Housing [Member]
Summary of provision, charge-offs and recoveries by loan category [Abstract]
Beginning balance	3,808	4,753	4,032	5,114
Charge-offs	(33)	(112)	(258)	(516)
Recoveries	38	37	103	75
Net (charge-offs) recoveries	5	(75)	(155)	(441)
Provision (credit)	(220)	(225)	(284)	(220)
Ending balance	3,593	4,453	3,593	4,453
Commercial Real Estate [Member]
Summary of provision, charge-offs and recoveries by loan category [Abstract]
Beginning balance	1,779	1,985	1,459	2,552
Charge-offs	0	0	0	(16)
Recoveries	13	13	533	844
Net (charge-offs) recoveries	13	13	533	828
Provision (credit)	43	(459)	(157)	(1,841)
Ending balance	1,835	1,539	1,835	1,539
Commercial [Member]
Summary of provision, charge-offs and recoveries by loan category [Abstract]
Beginning balance	795	1,503	986	2,064
Charge-offs	0	0	0	0
Recoveries	40	38	383	114
Net (charge-offs) recoveries	40	38	383	114
Provision (credit)	35	(137)	(499)	(774)
Ending balance	870	1,404	870	1,404
SBA [Member]
Summary of provision, charge-offs and recoveries by loan category [Abstract]
Beginning balance	686	1,750	1,066	1,951
Charge-offs	0	(140)	0	(152)
Recoveries	153	144	361	281
Net (charge-offs) recoveries	153	4	361	129
Provision (credit)	(284)	(320)	(872)	(646)
Ending balance	555	1,434	555	1,434
HELOC [Member]
Summary of provision, charge-offs and recoveries by loan category [Abstract]
Beginning balance	45	238	140	280
Charge-offs	0	0	0	0
Recoveries	3	3	8	21
Net (charge-offs) recoveries	3	3	8	21
Provision (credit)	(5)	(51)	(105)	(111)
Ending balance	43	190	43	190
Single Family Real Estate [Member]
Summary of provision, charge-offs and recoveries by loan category [Abstract]
Beginning balance	129	265	192	245
Charge-offs	0	(66)	0	(66)
Recoveries	0	1	2	3
Net (charge-offs) recoveries	0	(65)	2	(63)
Provision (credit)	(15)	14	(80)	32
Ending balance	114	214	114	214
Consumer [Member]
Summary of provision, charge-offs and recoveries by loan category [Abstract]
Beginning balance	1	2	2	2
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Net (charge-offs) recoveries	0	0	0	0
Provision (credit)	1	0	0	0
Ending balance	$ 2	$ 2	$ 2	$ 2

LOANS HELD FOR INVESTMENT, Impa

LOANS HELD FOR INVESTMENT, Impaired Financing Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	$ 10,238		$ 13,136
Impaired loans with no allowance recorded	6,881		3,703
Total loans individually evaluated for impairment	17,119		16,839
Loans collectively evaluated for impairment	450,962		411,890
Total loans held for investment	468,081		428,729
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	11,981		23,312
Impaired loans with no allowance recorded	12,053		7,604
Total loans individually evaluated for impairment	24,034		30,916
Loans collectively evaluated for impairment	450,962		411,890
Total loans held for investment	474,996		442,806
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	555		854
Impaired loans with no allowance recorded	0		0
Total loans individually evaluated for impairment	555		854
Loans collectively evaluated for impairment	6,457		7,023
Total loans held for investment	7,012	$ 7,243	7,877	$ 9,236	$ 10,496	$ 12,208
Impaired loans with a specific valuation allowance under ASC 310	10,238		13,136
Impaired loans without a specific valuation allowance under ASC 310	6,881		3,703
Total impaired loans	17,119		16,839
Valuation allowance related to impaired loans	555		854
Manufactured Housing [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	4,434		4,717
Impaired loans with no allowance recorded	3,631		2,734
Total loans individually evaluated for impairment	8,065		7,451
Loans collectively evaluated for impairment	165,367		162,211
Total loans held for investment	173,432		169,662
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	4,502		5,172
Impaired loans with no allowance recorded	5,438		4,243
Total loans individually evaluated for impairment	9,940		9,415
Loans collectively evaluated for impairment	165,367		162,211
Total loans held for investment	175,307		171,626
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	460		399
Impaired loans with no allowance recorded	0		0
Total loans individually evaluated for impairment	460		399
Loans collectively evaluated for impairment	3,133		3,633
Total loans held for investment	3,593	3,808	4,032	4,453	4,753	5,114
Impaired loans with a specific valuation allowance under ASC 310	4,434		4,717
Impaired loans without a specific valuation allowance under ASC 310	3,631		2,734
Total impaired loans	8,065		7,451
Commercial Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	386		2,783
Impaired loans with no allowance recorded	2,470		831
Total loans individually evaluated for impairment	2,856		3,614
Loans collectively evaluated for impairment	174,446		155,818
Total loans held for investment	177,302		159,432
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	442		2,979
Impaired loans with no allowance recorded	3,879		2,895
Total loans individually evaluated for impairment	4,321		5,874
Loans collectively evaluated for impairment	174,446		155,818
Total loans held for investment	178,767		161,692
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	4		77
Impaired loans with no allowance recorded	0		0
Total loans individually evaluated for impairment	4		77
Loans collectively evaluated for impairment	1,831		1,382
Total loans held for investment	1,835	1,779	1,459	1,539	1,985	2,552
Impaired loans with a specific valuation allowance under ASC 310	386		2,783
Impaired loans without a specific valuation allowance under ASC 310	2,470		831
Commercial [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	3,019		3,122
Impaired loans with no allowance recorded	44		44
Total loans individually evaluated for impairment	3,063		3,166
Loans collectively evaluated for impairment	67,644		46,517
Total loans held for investment	70,707		49,683
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	3,019		4,914
Impaired loans with no allowance recorded	50		50
Total loans individually evaluated for impairment	3,069		4,964
Loans collectively evaluated for impairment	67,644		46,517
Total loans held for investment	70,713		51,481
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	41		241
Impaired loans with no allowance recorded	0		0
Total loans individually evaluated for impairment	41		241
Loans collectively evaluated for impairment	829		745
Total loans held for investment	870	795	986	1,404	1,503	2,064
Impaired loans with a specific valuation allowance under ASC 310	3,019		3,122
Impaired loans without a specific valuation allowance under ASC 310	44		44
Total impaired loans	3,063		3,166
SBA [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	400		1,837
Impaired loans with no allowance recorded	148		4
Total loans individually evaluated for impairment	548		1,841
Loans collectively evaluated for impairment	14,159		19,495
Total loans held for investment	14,707		21,336
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	2,019		9,512
Impaired loans with no allowance recorded	1,953		225
Total loans individually evaluated for impairment	3,972		9,737
Loans collectively evaluated for impairment	14,159		19,495
Total loans held for investment	18,131		29,232
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	32		104
Impaired loans with no allowance recorded	0		0
Total loans individually evaluated for impairment	32		104
Loans collectively evaluated for impairment	523		962
Total loans held for investment	555	686	1,066	1,434	1,750	1,951
Impaired loans with a specific valuation allowance under ASC 310	400		1,837
Impaired loans without a specific valuation allowance under ASC 310	148		4
Total impaired loans	548		1,841
HELOC [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	20		86
Impaired loans with no allowance recorded	298		0
Total loans individually evaluated for impairment	318		86
Loans collectively evaluated for impairment	10,816		13,395
Total loans held for investment	11,134		13,481
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	20		91
Impaired loans with no allowance recorded	310		0
Total loans individually evaluated for impairment	330		91
Loans collectively evaluated for impairment	10,816		13,395
Total loans held for investment	11,146		13,486
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	0		1
Impaired loans with no allowance recorded	0		0
Total loans individually evaluated for impairment	0		1
Loans collectively evaluated for impairment	43		139
Total loans held for investment	43	45	140	190	238	280
Impaired loans with a specific valuation allowance under ASC 310	20		86
Impaired loans without a specific valuation allowance under ASC 310	298		0
Total impaired loans	318		86
Single Family Real Estate [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	1,979		591
Impaired loans with no allowance recorded	290		90
Total loans individually evaluated for impairment	2,269		681
Loans collectively evaluated for impairment	18,401		14,276
Total loans held for investment	20,670		14,957
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	1,979		644
Impaired loans with no allowance recorded	423		191
Total loans individually evaluated for impairment	2,402		835
Loans collectively evaluated for impairment	18,401		14,276
Total loans held for investment	20,803		15,111
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	18		32
Impaired loans with no allowance recorded	0		0
Total loans individually evaluated for impairment	18		32
Loans collectively evaluated for impairment	96		160
Total loans held for investment	114	129	192	214	265	245
Impaired loans with a specific valuation allowance under ASC 310	1,979		591
Impaired loans without a specific valuation allowance under ASC 310	290		90
Total impaired loans	2,269		681
Consumer [Member]
Recorded Investment [Abstract]
Impaired loans with an allowance recorded	0		0
Impaired loans with no allowance recorded	0		0
Total loans individually evaluated for impairment	0		0
Loans collectively evaluated for impairment	129		178
Total loans held for investment	129		178
Unpaid Principal Balance [Abstract]
Impaired loans with an allowance recorded	0		0
Impaired loans with no allowance recorded	0		0
Total loans individually evaluated for impairment	0		0
Loans collectively evaluated for impairment	129		178
Total loans held for investment	129		178
Related Allowance for Credit Losses [Abstract]
Impaired loans with an allowance recorded	0		0
Impaired loans with no allowance recorded	0		0
Total loans individually evaluated for impairment	0		0
Loans collectively evaluated for impairment	2		2
Total loans held for investment	2	$ 1	2	$ 2	$ 2	$ 2
Impaired loans with a specific valuation allowance under ASC 310	0		0
Impaired loans without a specific valuation allowance under ASC 310	$ 0		$ 0

LOANS HELD FOR INVESTMENT, Im42

LOANS HELD FOR INVESTMENT, Impaired Loans by Class of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	$ 17,119	$ 16,839
Manufactured Housing [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	8,065	7,451
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	880	2,320
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	1,976	1,294
Commercial [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	3,063	3,166
SBA [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	548	1,841
HELOC [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	318	86
Single Family Real Estate [Member]
Impaired financing receivable recorded investment net [Abstract]
Impaired loans	$ 2,269	$ 681

LOANS HELD FOR INVESTMENT, Aver

LOANS HELD FOR INVESTMENT, Average Investment in Impaired Loans by Class (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	$ 16,024	$ 16,725	$ 16,010	$ 18,059
Interest Income	277	299	631	541
Manufactured Housing [Member]
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	7,490	7,240	7,346	8,072
Interest Income	197	260	448	404
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	860	2,333	1,548	2,539
Interest Income	0	0	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	1,712	1,265	1,417	1,029
Interest Income	31	18	65	48
Commercial Real Estate [Member] | Land [Member]
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	0	0	0	68
Interest Income	0	0	0	0
Commercial Real Estate [Member] | Construction [Member]
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	0	0	0	0
Interest Income	0	0	0	0
Commercial [Member]
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	2,825	3,206	2,895	3,447
Interest Income	0	17	0	69
SBA [Member]
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	663	1,560	1,226	1,671
Interest Income	17	3	53	9
HELOC [Member]
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	190	453	137	526
Interest Income	8	0	8	8
Single Family Real Estate [Member]
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	2,284	668	1,441	707
Interest Income	24	1	57	3
Consumer [Member]
Average recorded investment and interest income recognized [Abstract]
Average Investment in Impaired Loans	0	0	0	0
Interest Income	$ 0	$ 0	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Reco

LOANS HELD FOR INVESTMENT, Recorded Investment in Certain Types of Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financing receivable recorded investment [Abstract]
Nonaccrual loans	$ 7,385		$ 7,385		$ 17,883
SBA guaranteed portion of loans included above	(2,098)		(2,098)		(6,856)
Total nonaccrual loans, net	5,287		5,287		11,027
Troubled debt restructured loans, gross	12,654		12,654		9,685
Loans 30 through 89 days past due with interest accruing	$ 0		$ 0		$ 0
Allowance for loan losses to gross loans held for investment	1.50%		1.50%		1.84%
Number of days a loan is past due after which accrual of interest is discontinued			90 days
Foregone interest on nonaccrual and troubled debt restructured loans	$ 100	$ 300	$ 600	$ 1,000

LOANS HELD FOR INVESTMENT, Nona

LOANS HELD FOR INVESTMENT, Nonaccrual Loans, Net of SBA Guarantee (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans, net	$ 5,287	$ 11,027
Number of days a loan is past due after which guaranteed portion of SBA loan is repurchased from investors	120 days
Manufactured Housing [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans, net	$ 1,618	1,480
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans, net	880	2,951
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans, net	1,709	1,021
Commercial [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans, net	44	3,167
SBA [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans, net	429	1,713
HELOC [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans, net	318	86
Single Family Real Estate [Member]
Composition of Nonaccrual Loans, net of SBA guarantee [Abstract]
Nonaccrual loans, net	$ 289	$ 609

LOANS HELD FOR INVESTMENT, Cred

LOANS HELD FOR INVESTMENT, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	$ 465,510	$ 422,357
Total loans held for investment	468,081	428,729
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	431,010	391,061
Total loans held for investment	431,010	391,061
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	14,693	7,960
Total loans held for investment	14,693	7,960
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	19,734	23,239
Total loans held for investment	22,305	29,611
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	73	97
Total loans held for investment	73	97
Manufactured Housing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	173,432	169,662
Total loans held for investment	173,432	169,662
Manufactured Housing [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	168,925	162,638
Manufactured Housing [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Manufactured Housing [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	4,507	7,024
Manufactured Housing [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	177,302	159,432
Commercial Real Estate [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	133,036	119,908
Total loans held for investment	133,036	119,908
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	121,320	106,909
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	7,408	6,544
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	4,308	6,455
Commercial Real Estate [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	25,403	27,297
Total loans held for investment	25,403	27,297
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	21,010	23,038
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	591	1,085
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	3,802	3,174
Commercial Real Estate [Member] | SBA 504 1st Trust Deed [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	5,541	1,569
Total loans held for investment	5,541	1,569
Commercial Real Estate [Member] | Land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	5,541	1,569
Commercial Real Estate [Member] | Land [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Land [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Land [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	13,322	10,658
Total loans held for investment	13,322	10,658
Commercial Real Estate [Member] | Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	13,322	10,658
Commercial Real Estate [Member] | Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Commercial Real Estate [Member] | Construction [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	70,707	49,683
Total loans held for investment	70,707	49,683
Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	60,815	46,275
Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	6,532	158
Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	3,360	3,250
Commercial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
SBA [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	14,707	21,336
SBA [Member] | Non-guaranteed [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	12,136	14,964
SBA [Member] | Non-guaranteed [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	11,282	12,803
SBA [Member] | Non-guaranteed [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	162	173
SBA [Member] | Non-guaranteed [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	619	1,891
SBA [Member] | Non-guaranteed [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	73	97
SBA [Member] | SBA Guarantee [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,571	6,372
SBA [Member] | SBA Guarantee [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
SBA [Member] | SBA Guarantee [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
SBA [Member] | SBA Guarantee [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,571	6,372
SBA [Member] | SBA Guarantee [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
HELOC [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	11,134	13,481
Total loans held for investment	11,134	13,481
HELOC [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	10,309	12,888
HELOC [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
HELOC [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	825	593
HELOC [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Single Family Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	20,670	14,957
Total loans held for investment	20,670	14,957
Single Family Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	18,357	14,105
Single Family Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Single Family Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	2,313	852
Single Family Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Consumer [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	129	178
Total loans held for investment	129	178
Consumer [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	129	178
Consumer [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Consumer [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	0	0
Consumer [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment, net	$ 0	$ 0

LOANS HELD FOR INVESTMENT, Trou

LOANS HELD FOR INVESTMENT, Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)Loan	Sep. 30, 2014USD ($)Loan	Sep. 30, 2015USD ($)Loan	Sep. 30, 2014USD ($)Loan
Troubled debt restructurings (TDR) [Abstract]
Number of Loans | Loan	11	0	22	5
Pre-Modification Recorded Investment	$ 1,292	$ 0	$ 4,024	$ 272
Post Modification Recorded Investment	1,292	0	4,014	272
Balance of Loans with Rate Reduction	1,292	0	3,414	272
Balance of Loans with Term Extension	1,292	0	3,867	272
Effect on Allowance for Loan Losses	$ 58	$ 0	$ 113	$ 10
Average rate concessions	1.00%		0.76%	0.70%
Average Extension	180 months		149 months	180 months
Manufactured Housing [Member]
Troubled debt restructurings (TDR) [Abstract]
Number of Loans | Loan	11	0	19	5
Pre-Modification Recorded Investment	$ 1,292	$ 0	$ 1,756	$ 272
Post Modification Recorded Investment	1,292	0	1,746	272
Balance of Loans with Rate Reduction	1,292	0	1,443	272
Balance of Loans with Term Extension	1,292	0	1,599	272
Effect on Allowance for Loan Losses	$ 58	$ 0	$ 73	$ 10
SBA [Member]
Troubled debt restructurings (TDR) [Abstract]
Number of Loans | Loan			1
Pre-Modification Recorded Investment			$ 297
Post Modification Recorded Investment			297
Balance of Loans with Rate Reduction			0
Balance of Loans with Term Extension			297
Effect on Allowance for Loan Losses			$ 5
HELOC [Member]
Troubled debt restructurings (TDR) [Abstract]
Number of Loans | Loan			1
Pre-Modification Recorded Investment			$ 54
Post Modification Recorded Investment			54
Balance of Loans with Rate Reduction			54
Balance of Loans with Term Extension			54
Effect on Allowance for Loan Losses			$ 0
Single Family Real Estate [Member]
Troubled debt restructurings (TDR) [Abstract]
Number of Loans | Loan			1
Pre-Modification Recorded Investment			$ 1,917
Post Modification Recorded Investment			1,917
Balance of Loans with Rate Reduction			1,917
Balance of Loans with Term Extension			1,917
Effect on Allowance for Loan Losses			$ 35

LOANS HELD FOR INVESTMENT, Tr48

LOANS HELD FOR INVESTMENT, Troubled Debt Restructured Loans With Payment Defaults (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)Loan	Sep. 30, 2014USD ($)Loan	Sep. 30, 2015USD ($)PaymentLoan	Sep. 30, 2014USD ($)Loan
Troubled debt restructured loans with payment defaults [Abstract]
Number of Loans | Loan	0	0	0	1
Recorded Investment	$ 0	$ 0	$ 0	$ 18
Effect on Allowance for Loan Loss	$ 0	$ 0	$ 0	$ 1
Number of consecutive non-payments for a TDR loan to be deemed default | Payment			2
Manufactured Housing [Member]
Troubled debt restructured loans with payment defaults [Abstract]
Number of Loans | Loan	0	0	0	1
Recorded Investment	$ 0	$ 0	$ 0	$ 18
Effect on Allowance for Loan Loss	$ 0	$ 0	$ 0	$ 1

OTHER ASSETS ACQUIRED THROUGH49

OTHER ASSETS ACQUIRED THROUGH FORECLOSURE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
OTHER ASSETS ACQUIRED THROUGH FORECLOSURE [Abstract]
Balance, beginning of period	$ 267	$ 610	$ 137	$ 3,811
Additions	209	137	544	822
Proceeds from dispositions	(286)	(290)	(508)	(4,326)
Gains on sales, net	16	18	33	168
Balance, end of period	$ 206	$ 475	$ 206	$ 475

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets [Abstract]
Investment securities available-for-sale	$ 23,956	$ 22,194
Recurring [Member]
Assets [Abstract]
Investment securities available-for-sale	23,956	22,194
Interest only strips	242	293
Servicing assets	184	203
Total	24,382	22,690
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Investment securities available-for-sale	52	61
Interest only strips	0	0
Servicing assets	0	0
Total	52	61
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Investment securities available-for-sale	23,904	22,133
Interest only strips	0	0
Servicing assets	0	0
Total	23,904	22,133
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Investment securities available-for-sale	0	0
Interest only strips	242	293
Servicing assets	184	203
Total	$ 426	$ 496

FAIR VALUE MEASUREMENT, Assets

FAIR VALUE MEASUREMENT, Assets Measured on Non-recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	$ 17,119		$ 16,839
Foreclosed real estate and repossessed assets	206	$ 267	137	$ 475	$ 610	$ 3,811
Loans held-for-sale at carrying value	65,491		66,759
Non-recurring [Member]
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	4,568		5,580
Loans held for sale	70,271		71,475
Foreclosed real estate and repossessed assets	206		137
Total	75,045		77,192
Non-recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	0		0
Loans held for sale	0		0
Foreclosed real estate and repossessed assets	0		0
Total	0		0
Non-recurring [Member] | Active Markets for Similar Assets (Level 2) [Member]
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	4,568		5,580
Loans held for sale	70,271		71,475
Foreclosed real estate and repossessed assets	206		137
Total	75,045		77,192
Non-recurring [Member] | Unobservable Inputs (Level 3) [Member]
Summary of fair value measurements of assets measured on a non-recurring basis [Abstract]
Impaired loans	0		0
Loans held for sale	0		0
Foreclosed real estate and repossessed assets	0		0
Total	$ 0		$ 0

FAIR VALUE MEASUREMENT, Fair Va

FAIR VALUE MEASUREMENT, Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Carrying Amount [Member]
Financial assets [Abstract]
Cash and cash equivalents	$ 23,693	$ 18,959
Interest-bearing deposits in other financial institutions	99	99
FRB and FHLB stock	3,259	3,089
Investment securities	31,201	30,641
Loans, net	525,986	487,256
Financial liabilities [Abstract]
Deposits	526,786	477,084
Other borrowings	5,000	10,000
Fair Value [Member]
Financial assets [Abstract]
Cash and cash equivalents	23,693	18,959
Interest-bearing deposits in other financial institutions	99	99
FRB and FHLB stock	3,259	3,089
Investment securities	31,628	31,088
Loans, net	541,792	500,598
Financial liabilities [Abstract]
Deposits	527,662	477,204
Other borrowings	5,001	10,070
Fair Value [Member] | Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	23,693	18,959
Interest-bearing deposits in other financial institutions	99	99
FRB and FHLB stock	0	0
Investment securities	52	61
Loans, net	0	0
Financial liabilities [Abstract]
Deposits	0	0
Other borrowings	0	0
Fair Value [Member] | Level 2 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
Interest-bearing deposits in other financial institutions	0	0
FRB and FHLB stock	3,259	3,089
Investment securities	31,576	31,027
Loans, net	529,796	490,193
Financial liabilities [Abstract]
Deposits	527,662	477,204
Other borrowings	5,001	10,070
Fair Value [Member] | Level 3 [Member]
Financial assets [Abstract]
Cash and cash equivalents	0	0
Interest-bearing deposits in other financial institutions	0	0
FRB and FHLB stock	0	0
Investment securities	0	0
Loans, net	11,996	10,405
Financial liabilities [Abstract]
Deposits	0	0
Other borrowings	0	0
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks outstanding	100	100
Unfunded Loan Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet risks outstanding	$ 38,000	$ 28,200

OTHER BORROWINGS AND CONVERTI53

OTHER BORROWINGS AND CONVERTIBLE DEBENTURES (Details) - USD ($)	Oct. 29, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Federal Home Loan Bank Advances [Abstract]
FHLB advances		$ 5,000,000		$ 5,000,000		$ 10,000,000
FHLB advances borrowed weighted average rate		0.55%		0.55%		2.74%
Letter of credit with FHLB		$ 90,000,000		$ 90,000,000
Amount pledged to FHLB		31,100,000		31,100,000		$ 30,600,000
Available for additional borrowing		68,400,000		68,400,000		106,200,000
Total FHLB interest expense		6,000	$ 100,000	100,000	$ 500,000
LIBOR [Member] | Subsequent Event [Member]
Federal Reserve Bank [Abstract]
Borrowing capacity	$ 10,000,000
Basis spread on variable rate	3.75%
Securities Pledged as Collateral [Member]
Federal Home Loan Bank Advances [Abstract]
Amount pledged to FHLB		31,100,000		31,100,000		30,600,000
Loans Pledged as Collateral [Member]
Federal Home Loan Bank Advances [Abstract]
Amount pledged to FHLB		138,200,000		138,200,000		67,300,000
Federal Reserve Bank Advances [Member]
Federal Reserve Bank [Abstract]
Line of credit facility		0		0		0
Borrowing capacity		$ 93,300,000		$ 93,300,000		$ 88,000,000

OTHER BORROWINGS AND CONVERTI54

OTHER BORROWINGS AND CONVERTIBLE DEBENTURES, Convertible Debentures (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Debt Instrument [Line Items]
Principle converted to equity	$ 0	$ 1,408,000
Federal Funds Purchased [Member]
Federal Funds Purchased Lines [Abstract]
Federal funds borrowing lines at correspondent banks	25,000,000
Federal funds amount outstanding	$ 0		$ 0
Convertible Subordinated Debentures [Member]
Debt Instrument [Line Items]
Principle converted to equity		$ 1,400,000
Debentures converted to shares of common stock (in shares)		317,550
Debentures converted in cash		$ 34,000

STOCKHOLDERS' EQUITY, Changes i

STOCKHOLDERS' EQUITY, Changes in Other Comprehensive Income by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Changes in other comprehensive income by component, net of tax [Roll Forward]
Balance			$ 67,007
Net other comprehensive income (loss)	$ 92	$ 34	(61)	$ 188
Balance	65,912		65,912
Unrealized Holding Gains (Losses) on AFS [Member]
Changes in other comprehensive income by component, net of tax [Roll Forward]
Balance	(122)	(120)	31	(274)
Other comprehensive income (loss) before reclassifications	92	34	(61)	188
Amounts reclassified from accumulated other comprehensive income	0	0	0	0
Net other comprehensive income (loss)	92	34	(61)	188
Balance	$ (30)	$ (86)	$ (30)	$ (86)

STOCKHOLDERS' EQUITY, Preferred

STOCKHOLDERS' EQUITY, Preferred Stock (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Class of Stock [Line Items]
Dividends declared			$ 401
Preferred stock, redemption amount			1,311
Discount on partial redemption of preferred stock	$ 0	$ 0	$ 129	$ 144
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividend rate			9.00%
Dividends declared	$ 100	$ 100	$ 400	$ 400
Preferred stock redemption amount percentage					55.00%
Number of preferred stock redemption (in shares)			1,440		8,586
Preferred stock, redemption amount			$ 1,400		$ 8,400
Discount on partial redemption of preferred stock			$ 129		$ 200

STOCKHOLDERS' EQUITY, Common St

STOCKHOLDERS' EQUITY, Common Stock Warrants and Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2015	Sep. 30, 2014
Class of Stock [Line Items]
Common stock dividend paid				$ 656	$ 164
Common Stock [Member]
Class of Stock [Line Items]
Number of shares can be issued against warrants (in shares)	521,158			521,158
Exercise price of warrants (in dollars per share)	$ 4.49			$ 4.49
Expiration date of warrants				Dec. 19, 2018
Common stock repurchase (in shares)	3,000
Common stock repurchase, average price (in dollars per share)	$ 6.84
Common stock dividend paid	$ 200	$ 200		$ 700
Issuance of common stock in conjunction with debenture conversions (in shares)			316,872

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reconciliation of basic and diluted earnings per share [Abstract]
Net income	$ 1,591	$ 1,712	$ 1,019	$ 4,860
Less: dividends and accretion on preferred stock and discount on partial redemption	125	176	272	634
Net income available to common stockholders	1,466	1,536	747	4,226
Add: debenture interest expense and costs, net of income taxes	0	0	0	103
Net income for diluted calculation of earnings per common share	$ 1,466	$ 1,536	$ 747	$ 4,329
Weighted average number of common shares outstanding - basic (in shares)	8,203	8,200	8,204	8,120
Weighted average number of common shares outstanding - diluted (in shares)	8,508	8,494	8,503	8,512
Earnings per share:
Basic (in dollars per share)	$ 0.18	$ 0.19	$ 0.09	$ 0.52
Diluted (in dollars per share)	$ 0.17	$ 0.18	$ 0.09	$ 0.51

CAPITAL REQUIREMENT (Details)

CAPITAL REQUIREMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
CET1 capital (to risk weighted assets), required ratio	4.50%
CET1 capital (to risk weighted assets), required capital conservation buffer ratio	2.50%
Total Capital		$ 72,569
Tier 1 Capital		66,939
Risk-Weighted Assets		448,199
Adjusted Average Assets		$ 564,630
Total Risk-Based Capital Ratio		16.19%
Tier 1 Risk-Based Capital Ratio		14.94%
Tier 1 Leverage Ratio		11.86%
Well-capitalized ratios, Total Capital	10.00%	10.00%
Well capitalized ratios, Tier 1 Capital	8.00%	6.00%
Well capitalized ratios, Common Equity Tier 1 Capital	6.50%
Well capitalized ratios, Tier 1 Leverage Capital	5.00%	5.00%
Minimum capital ratios, Total Capital	8.00%	8.00%
Minimum capital ratios, Tier 1 Capital	6.00%	4.00%
Minimum capital ratios, Common Equity Tier 1 Capital	4.50%
Minimum capital ratios, Tier 1 Leverage Capital	4.00%	4.00%
Minimum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Consolidated asset requirement under the Small Bank Holding Policy Statement final ruling	$ 500,000
Maximum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Consolidated asset requirement under the Small Bank Holding Policy Statement final ruling	1,000,000
CWB [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total Capital	70,756	$ 71,303
Tier 1 Capital	64,543	65,673
Common Equity Tier 1 Capital	64,543
Risk-Weighted Assets	496,221	448,118
Adjusted Average Assets	$ 601,486	$ 564,331
Total Risk-Based Capital Ratio	14.26%	15.91%
Tier 1 Risk-Based Capital Ratio	13.01%	14.66%
Common Equity Tier 1 Ratio	13.01%
Tier 1 Leverage Ratio	10.73%	11.64%

CONTINGENCIES (Details)

CONTINGENCIES (Details) - CWB [Member] $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Loss Contingencies [Line Items]
Litigation settlement amount	$ 7.5
Loans sold over the course of agreement	$ 22