FAIR VALUES (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of summary of assets and liabilities measured at fair value

March 31, 2023 (Dollars are in thousands)	Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
(On a recurring basis) Available for sale investments
U.S. Treasuries	$	—	$	11,902	$	—
U.S. Government Agencies		—		9,113		—
Taxable municipals		—		17,819		—
Corporate bonds		—		3,162		—
Mortgage-backed securities		—		54,726		—
(On a non-recurring basis) Other real estate owned		—		—		261
Collateral dependent loans with ACL:
Commercial real estate		—		—		204
Total	$	—	$	96,722	$	465

Assets and liabilities measured at fair value are as follows as of December 31, 2022 (for purpose of this table the impaired loans are shown net of the related allowance):

December 31, 2022 (Dollars are in thousands)	Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
(On a recurring basis) Available for sale investments
U.S. Treasuries	$	—	$	11,685		—
U.S. Government Agencies		—		9,399	$	—
Taxable municipals		—		16,815		—
Corporate bonds		—		3,136		—
Mortgage-backed securities		—		55,041		—
(On a non-recurring basis) Other real estate owned		—		—		261
Impaired loans		—		—		213
Total	$	—	$	96,076	$	474

Schedule of significant unobservable inputs In level 3 assets

(Dollars in thousands)		Fair Value at March 31, 2023		Fair Value at December 31, 2022	Valuation Technique	Significant Unobservable Inputs	General Range of Significant Unobservable Input Values
Collateral dependent loans with ACL:
Commercial real estate	$	204	$	213	Appraised Value	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell	0 – 18%
Other Real Estate Owned	$	261	$	261	Appraised Value/Comparable Sales/Other Estimates from Independent Sources	Discounts to reflect current market conditions and estimated costs to sell	0 – 18%

Schedule of estimated fair value of financial instruments

					Fair Value Measurements
(Dollars are in thousands)	Carrying Amount		Fair Value		Quoted market price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
March 31, 2023
Financial Instruments – Assets
Net Loans	$	583,829	$	563,647	$	—	$	—	$	563,647
Financial Instruments – Liabilities
Time Deposits		207,283		206,206		—		206,206		—
Borrowed funds		16,496		15,063		—		15,063		—
December 31, 2022
Financial Instruments – Assets
Net Loans	$	577,886	$	552,675	$	—	$	552,462	$	213
Financial Instruments – Liabilities
Time Deposits		188,233		187,179		—		187,179		—
Borrowed funds		16,496		14,825		—		14,825		—