How can I change DecimalFormat behavior based on input length?

I am using the following DecimalFormat pattern:

// Use ThreadLocal to ensure thread safety.
private static final ThreadLocal <NumberFormat> numberFormat =
  new ThreadLocal <NumberFormat>() {
    @Override protected NumberFormat initialValue() {
        return new DecimalFormat("#,##0.00");
    }
};

This performs the following conversions:

1    -> 1.00
1.1  -> 1.10
1.12 -> 1.12

I now have an additional requirement.

1.123  -> 1.123
1.1234 -> 1.123

That means that when

• there are fewer than two decimal places, I will "pad" to two decimal places.
• there are exactly two or three decimal places, I will do nothing.
• there are more than three decimal places, I will truncate to three decimal places.

Can I specify this behavior with the DecimalFormat class?