INVESTMENT SECURITIES (Tables)

12 Months Ended

Dec. 31, 2024

     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
December 31, 2024
U.S. Treasuries	$	8,370	$	—	$	409	$	7,961
U.S. Government Agencies		9,380		11		586		8,805
Taxable municipals		23,940		—		5,416		18,524
Corporate bonds		2,499		—		246		2,253
Mortgage backed securities		66,965		11		8,535		58,441
Total Securities available for sale	$	111,154	$	22	$	15,192	$	95,984
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 are in thousands)	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
December 31, 2024
U.S. Treasuries	$	980	$	20	$	6,981	$	389	$	7,961	$	409
U.S. Government Agencies		2,221		38		6,026		548		8,247		586
Taxable municipals		1,559		212		16,965		5,204		18,524		5,416
Corporate bonds		499		1		1,755		245		2,254		246
Mortgage backed securities		14,982		311		42,018		8,224		57,000		8,535
Total	$	20,241	$	582	$	73,745	$	14,610	$	93,986	$	15,192
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	$	527	$	16	$	88,082	$	14,759	$	88,609	$	14,775

Schedule of gross proceeds, gross gains and gross losses, and the tax provision

(Dollars are in thousands)	2024			2023
Proceeds	$	2,134		$	—
Gains		43			—
Losses		(39	)		—
Tax provision		1			—

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	$	3,975	$	3,915		2.05	%
Due after one year through five years		11,297		10,760		2.57	%
Due after five years through ten years		22,730		20,782		3.10	%
Due after ten years		73,152		60,527		2.31	%
Total	$	111,154	$	95,984		2.48	%