INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of pre-tax book income

(Dollars are in thousands)	2021		2020
Pre-tax book income
Domestic	$	8,952	$	3,993
Total pre-tax book income	$	8,952	$	3,993

Schedule of components of income tax expense

(Dollars are in thousands)	2021			2020
Current income tax expense (benefit)
Federal	$	(172	)	$	(200	)
State		—			—
Total current income tax expense (benefit)		(172	)		(200	)

Deferred income tax expense
Federal		2,067		1,304
State		47		(1	)
Total deferred income tax expense		2,114		1,303
Income tax expense	$	1,942	$	1,103

Schedule of reconciliation of income tax expense

(Dollars are in thousands)	2021			2020
Income tax expense (benefit) at the applicable federal rate	$	1,879		$	839
Permanent differences resulting from:
Nondeductible expenses		7			8
Tax exempt interest income		(4	)		(7	)
Bank owned life insurance		(7	)		(16	)
Other adjustments		67			279
Income tax expense	$	1,942		$	1,103

Schedule of net deferred tax assets and liabilities

(Dollars are in thousands)	2021		2020
Deferred Tax Assets
Allowance for loan losses	$	1,500	$	1,568
Deferred compensation		85		92
Nonaccrual loan interest		532		490
Unrealized loss on securities available for sale		216		—
Other real estate owned		305		83
Amortization of core deposits		6		18
Amortization of goodwill		31		90
Capitalized interest and repair expense		23		23
Net operating loss carryforward		460		2,172
Other		98		33
Total Assets, gross		3,256		4,569
Valuation allowance		—		—
Total Assets, net		3,256		4,569
Deferred Tax Liabilities
Accelerated depreciation		1,105		869
Unrealized gain on securities available for sale		—		197
Prepaid expenses		27		22
Deferred loan costs		451		355
Total Liabilities, gross		1,583		1,443
Net Deferred Tax Asset	$	1,673	$	3,126