INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2023

  Investment securities activity

Schedule of securities amortized cost and estimated fair value

			Gross		Gross		Amortized
	Amortized		Unrealized		Unrealized		Fair
(Dollars are in thousands)	Cost		Gains		Losses		Value
June 30, 2023
U.S. Treasuries	$	12,648	$	—	$	892	$	11,756
U.S. Government Agencies		9,407		4		744		8,667
Taxable municipals		23,000		—		5,468		17,532
Corporate bonds		3,505		—		407		3,098
Mortgage backed securities		61,007		—		8,954		52,053
Total securities available-for-sale	$	109,567	$	4	$	16,465	$	93,106
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
June 30, 2023
U. S. Treasuries	$	1,446	$	16	$	10,308	$	876	$	11,754	$	892
U.S. Government Agencies		1,778		50		6,732		694		8,510		744
Taxable municipals		475		25		17,057		5,443		17,532		5,468
Corporate bonds		985		15		2,113		392		3,098		407
Mortgage backed securities		2,287		71		49,766		8,883		52,053		8,954
Total securities available-for-sale	$	6,971	$	177	$	85,976	$	16,288	$	92,947	$	16,465
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	$	2,998	$	2,951		3.22	%
Due after one year through five years		15,295		14,351		2.15	%
Due after five years through ten years		17,145		14,891		2.09	%
Due after ten years		74,129		60,913		1.90	%
Total	$	109,567	$	93,106		2.00	%