INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 2024

  Investment securities activity

Schedule of securities amortized cost and estimated fair value

			Gross		Gross		Approximate
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
June 30, 2024
U.S. Treasuries	$	10,631	$	—	$	597	$	10,034
U.S. Government Agencies		9,484		19		637		8,866
Taxable municipals		22,950		—		5,172		17,778
Corporate bonds		2,499		—		273		2,226
Mortgage backed securities		61,727		20		8,382		53,365
Total securities available-for-sale	$	107,291	$	39	$	15,061	$	92,269
December 31, 2023
U.S. Treasuries	$	11,643	$	—	$	658	$	10,985
U.S. Government Agencies		9,412		23		624		8,811
Taxable municipals		22,973		—		5,114		17,859
Corporate bonds		3,002		1		315		2,688
Mortgage backed securities		57,526		—		8,064		49,462
Total securities available-for-sale	$	104,556	$	24	$	14,775	$	89,805

Schedule of fair value and gross unrealized losses on investment securities

	Less than 12 Months				12 Months or More				Total
(Dollars in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
June 30, 2024
U.S. Treasuries	$	—	$	—	$	10,034	$	597	$	10,034	$	597
U.S. Government Agencies		90		1		7,488		636		7,578		637
Taxable municipals		—		—		17,778		5,172		17,778		5,172
Corporate bonds		493		6		1,733		267		2,226		273
Mortgage backed securities		3,949		31		45,839		8,351		49,788		8,382
Total securities available-for-sale	$	4,532	$	38	$	82,872	$	15,023	$	87,404	$	15,061
December 31, 2023
U.S. Treasuries	$	—	$	—	$	10,985	$	658	$	10,985	$	658
U.S. Government Agencies		42		—		8,123		624		8,165		624
Taxable municipals		485		16		17,374		5,098		17,859		5,114
Corporate bonds		—		—		2,187		315		2,187		315
Mortgage backed securities		—		—		49,413		8,064		49,413		8,064
Total securities available-for-sale	$	527	$	16	$	88,082	$	14,759	$	88,609	$	14,775

Schedule of amortized cost and fair value of investment securities contractual maturity

					Weighted
(Dollars in thousands)	Amortized		Fair		Average
Securities Available-for-Sale	Cost		Value		Yield
Due in one year or less	$	5,526	$	5,434		2.13	%
Due after one year through five years		11,291		10,550		1.99	%
Due after five years through ten years		22,116		20,151		3.06	%
Due after ten years		68,358		56,134		2.02	%
Total	$	107,291	$	92,269		2.24	%