INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2022

  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
June 30, 2022
U.S. Treasuries	$	11,680	$	3	$	729	$	10,954
U.S. Government Agencies		10,142		6		455		9,693
Taxable municipals		23,350		2		4,508		18,844
Corporate bonds		3,019		4		257		2,766
Mortgage backed securities		66,211		—		7,852		58,359
Total Securities available for sale	$	114,402	$	15	$	13,801	$	100,616
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

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
June 30, 2022
U. S. Treasuries	$	10,496	$	729	$	—	$	—	$	10,496	$	729
U.S. Government Agencies		5,464		300		2,755		155		8,219		455
Taxable municipals		17,363		4,325		678		183		18,041		4,508
Corporate bonds		2,252		257		500		—		2,752		257
Mortgage backed securities		40,768		5,152		17,592		2,700		58,360		7,852
Total Securities available for sale	$	76,343	$	10,763	$	21,525	$	3,038	$	97,868	$	13,801
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
Mortgage backed securities		52,180		758		6,282		196		58,462		954
Total Securities available for sale	$	73,879	$	1,145	$	10,103	$	289	$	83,982	$	1,434

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	$	300	$	302		3.46	%
Due after one year through five years		16,021		15,339		2.04	%
Due after five years through ten years		13,547		12,202		1.83	%
Due after ten years		84,534		72,773		1.71	%
Total	$	114,402	$	100,616		1.77	%