INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2023

  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
March 31, 2023
U.S. Treasuries	$	12,645	$	—	$	743	$	11,902
U.S. Government Agencies		9,678		4		569		9,113
Taxable municipals		23,011		—		5,192		17,819
Corporate bonds		3,508		—		346		3,162
Mortgage backed securities		62,822		2		8,098		54,726
Total securities available for sale	$	111,664	$	6	$	14,948	$	96,722
December 31, 2022
U.S. Treasuries	$	12,642	$	—	$	957	$	11,685
U.S. Government Agencies		10,129		4		734		9,399
Taxable municipals		23,022		—		6,207		16,815
Corporate bonds		3,512		—		376		3,136
Mortgage backed securities		64,419		—		9,378		55,041
Total securities available for sale	$	113,724	$	4	$	17,652	$	96,076

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
March 31, 2023
U.S. Treasuries	$	1,442	$	9	$	10,460	$	734	$	11,902	$	743
U.S. Government Agencies		3,552		85		5,398		484		8,950		569
Taxable municipals		—		—		17,319		5,192		17,319		5,192
Corporate bonds		997		5		2,165		341		3,162		346
Mortgage backed securities		2,392		28		52,247		8,070		54,639		8,098
Total securities available for sale	$	8,383	$	127	$	87,589	$	14,821	$	95,972	$	14,948
December 31, 2022
U.S. Treasuries	$	4,761	$	145	$	6,922	$	812	$	11,683	$	957
U.S. Government Agencies		5,925		348		3,295		386		9,220		734
Taxable municipals		3,689		1,113		13,127		5,094		16,816		6,207
Corporate bonds		2,375		136		761		240		3,136		376
Mortgage backed securities		11,338		861		43,612		8,517		54,950		9,378
Total securities available for sale	$	28,088	$	2,603	$	67,717	$	15,049	$	95,805	$	17,652

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	$	2,488	$	2,454		3.31	%
Due after one year through five years		15,775		15,032		2.18	%
Due after five years through ten years		17,139		15,225		2.09	%
Due after ten years		76,262		64,011		1.91	%
Total	$	111,664	$	96,722		2.01	%