INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2021

     Investment securities activity:

Schedule of securities amortized cost and estimated fair value

			Gross		Gross		Approximate
	Amortized		Unrealized		Unrealized		Fair
(Dollars are in thousands)	Cost		Gains		Losses		Value
December 31, 2021
U.S. Treasuries		7,791	$	2	$	122	$	7,671
U.S. Government Agencies		9,098		77		86		9,089
Taxable municipals		23,075		159		254		22,980
Corporate bonds		2,014		23		18		2,019
Mortgage backed securities		66,410		143		954		65,599
Total Securities available for sale		108,388	$	404	$	1,434	$	107,358
December 31, 2020
U.S. Government Agencies		13,852	$	322	$	67	$	14,107
Taxable municipals		5,157		188		—		5,345
Corporate bonds		5,893		186		31		6,048
Mortgage backed securities		22,565		388		47		22,906
Total Securities available for sale		47,467	$	1,084	$	145	$	48,406

Schedule of fair value and gross unrealized losses on investment securities

	Less than 12 Months				12 Months or More				Total
(Dollars are in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
December 31, 2021
U.S. Treasuries	$	6,200	$	122	$	—	$	—	$	6,200	$	122
U.S. Government Agencies		977		10		3,434		76		4,411		86
Taxable municipals		13,040		237		387		17		13,427		254
Corporate bonds		1,482		18		—		—		1,482		18
Mtg. backed securities		52,180		758		6,282		196		58,462		954
Total Securities AFS	$	73,879	$	1,145	$	10,103	$	289	$	83,982	$	1,434
December 31, 2020
U.S. Government Agencies	$	1,479	$	12	$	3,829	$	55	$	5,308	$	67
Taxable municipals		—		—		—		—		—		—
Corporate bonds		1,219		31		—		—		1,219		31
Mtg. backed securities		7,517		44		218		3		7,735		47
Total Securities AFS	$	10,215	$	87	$	4,047	$	58	$	14,262	$	145

Schedule of amortized cost and fair value of investment securities contractual maturity

						Weighted
(Dollars are in thousands)		Amortized		Fair		Average
Securities Available for Sale		Cost		Value		Yield
Due in one year or less	$	1,051	$	1,060		2.56%
Due after one year through five years	7,858		7,804		1.41%
Due after five years through ten years		12,819		12,747		1.54%
Due after ten years		86,660		85,747		1.61%
Total	$	108,388	$	107,358		1.59%