INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 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
September 30, 2024
U.S. Treasuries	$	11,625	$	31	$	378	$	11,278
U.S. Government Agencies		8,827		35		433		8,429
Taxable municipals		22,939		—		4,368		18,571
Corporate bonds		2,499		9		253		2,255
Mortgage backed securities		62,168		181		6,318		56,031
Total securities available-for-sale	$	108,058	$	256	$	11,750	$	96,564
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
September 30, 2024
U.S. Treasuries	$	—	$	—	$	10,247	$	378	$	10,247	$	378
U.S. Government Agencies		40		1		6,274		432		6,314		433
Taxable municipals		—		—		18,571		4,368		18,571		4,368
Corporate bonds		—		—		1,747		253		1,747		253
Mortgage backed securities		500		3		45,471		6,315		45,971		6,318
Total securities available-for-sale	$	540	$	4	$	82,310	$	11,746	$	82,850	$	11,750
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	$	5,722	$	5,681		2.15%
Due after one year through five years	10,549		10,131		2.15%
Due after five years through ten years		23,160		21,889		3.06%
Due after ten years		68,627		58,863		2.08%
Total	$	108,058	$	96,564		2.28%