FAIR VALUE DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on Recurring Basis

Financial assets measured at fair value on a recurring basis segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value are presented below as of the dates indicated (in thousands):

FAIR VALUE DISCLOSURES

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
U.S. government agencies	$	—	$	9,439	$	—	$	9,439
State and municipal obligations		—		26,677		—		26,677
Mortgage-backed securities - agency		—		33,418		—		33,418
Collateralized mortgage obligations - agency		—		27,435		—		27,435
Asset-backed securities		—		2,590		—		2,590
Corporate bonds		—		—		12,403		12,403
Total recurring assets at fair value	$	—	$	99,559	$	12,403	$	111,962
	December 31, 2020
	Level 1		Level 2		Level 3		Total
Assets:
State and municipal obligations	$	—	$	17,820	$	—	$	17,820
Mortgage-backed securities - agency		—		31,487		—		31,487
Collateralized mortgage obligations - agency		—		50,560		—		50,560
Asset-backed securities		—		6,235		—		6,235
Corporate bonds		—		—		4,605		4,605
Total recurring assets at fair value	$	—	$	106,102	$	4,605	$	110,707

Schedule of Changes in Assets Measured at Fair Value on Recurring Basis

The changes in assets measured at fair value on a recurring basis for which we have utilized Level 3 inputs to determine fair value are presented in the following table for the years indicated (in thousands):

FAIR VALUE DISCLOSURES (Details 2)

	Years ended December 31,
	2021		2020
Balance at beginning of period	$	4,605	$	500
Corporate bond additions		7,700		4,000
Corporate bond fair value adjustments		98		105
Balance at end of period	$	12,403	$	4,605

Schedule of NonFinancial Assets Measured at Fair Value on NonRecurring Basis

Nonfinancial assets measured at fair value on a nonrecurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value are presented below as of the dates indicated (in thousands):

FAIR VALUE DISCLOSURES (Details 3)

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Collateral dependent impaired loans:
One-to four family residential	$	—	$	—	$	106	$	106
Commercial real estate		—		—		630		630
Commercial		—		—		28		28
Real estate owned:
Other construction and land		—		—		842		842
Total	$	—	$	—	$	1,606	$	1,606

Schedule of Unobservable Inputs measured at Fair Value

The following table provides information describing the unobservable inputs used in Level 3 fair value measurements at December 31, 2021 and 2020.

FAIR VALUE DISCLOSURES (Details 4)

					2021		2020
	Valuation Technique		Unobservable Input		General Range		General Range
Impaired loans		Discounted Appraisals		Collateral discounts		0% - 15%		0% - 30%
Real estate owned		Discounted Appraisals		Collateral discounts and estimated selling cost		10% - 43%		0% - 40%
Corporate bonds		Discounted Cash Flows		Recent similar executed financing transactions		0% - 4%		0% - 5.5%

Schedule of Estimated Fair Value Financial Assets and Liabilities

The estimated fair value of the Company's financial assets and financial liabilities are summarized as follows at the dates indicated (in thousands):

FAIR VALUE DISCLOSURES (Details 5)

			Fair Value Measurements at December 31, 2021
	Carrying
	Amount		Total		Level 1		Level 2		Level 3
Assets:
Cash and equivalents	$	124,101	$	124,101	$	124,101	$	—	$	—
Securities available for sale		111,962		111,962		—		99,559		12,403
Loans receivable, net		933,475		923,958		—		—		923,958
Other investments, at cost		2,984		2,984		—		2,984		—
Accrued interest receivable		4,808		4,808		—		4,808		—
BOLI		14,778		14,778		—		14,778		—
Liabilities:
Demand deposits, money market and savings	$	850,112	$	850,112	$	—	$	850,112	$	—
Time deposits		208,929		209,005		—		209,005		—
Federal Home Loan Bank advances		5,000		5,054		—		5,054		—
Junior subordinated debentures		35,864		36,113		—		36,113		—
Accrued interest payable		383		383		—		383		—
			Fair Value Measurements at December 31, 2020
	Carrying
	Amount		Total		Level 1		Level 2		Level 3
Assets:
Cash and equivalents	$	63,025	$	63,025	$	63,025	$	—	$	—
Securities available for sale		110,707		110,707		—		106,102		4,605
Loans receivable, net		878,545		869,602		—		—		869,602
Other investments, at cost		6,252		6,252		—		6,252		—
Accrued interest receivable		5,704		5,704		—		5,704		—
BOLI		14,861		14,861		—		14,861		—
Liabilities:
Demand deposits, money market and savings	$	662,538	$	662,538	$	—	$	662,538	$	—
Time deposits		283,942		284,655		—		284,655
Federal Home Loan Bank advances		16,000		16,274		—		16,274		—
Junior subordinated debentures		35,744		34,234		—		34,234		—
Accrued interest payable		336		336		—		336		—