NOTE 7 - PLEDGED ASSETS

3 Months Ended

Mar. 31, 2023

Guarantees and Product Warranties [Abstract]

NOTE 7 - PLEDGED ASSETS

NOTE 7 - PLEDGED ASSETS

The following securities and loans were pledged to secure public and trust deposits, securities sold under agreements to repurchase, FHLBB advances and credit facilities available.

(in thousands)		March 31, 2023		December 31, 2022
Securities available-for-sale (at fair value)	$	80,456	$	74,303
Loans receivable (at book value)		381,740		380,787
Total pledged assets	$	462,196	$	455,090

At March 31, 2023, securities were pledged as follows: $77.3 million to secure public deposits and $3.2 million to secure repurchase agreements. In addition to securities, loans receivable were pledged to secure FHLBB advances and credit facilities.