FAIR VALUES (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of summary of assets and liabilities measured at fair value

(Dollars 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	$	-	$	7,961	$	-
U.S. Government Agencies		-		8,805		-
Taxable municipals		-		18,524		-
Corporate bonds		-		2,253		-
Mortgage backed securities		-		58,441		-
(On a non-recurring basis) Other real estate owned		-		-		87
Collateral dependent loans with ACL:
Consumer installment and all other loans		-		-		11
Total	$	1	$	95,984	$	98

Not included in the above table is a residential 1-4 family mortgage loan totaling $178,000 that has a specific allowance for credit loss allocation of 100% due to the destruction of the collateral.

Assets and liabilities measured at fair value are as follows as of December 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	$	-	$	10,985	$	-
U.S. Government Agencies		-		8,811		-
Taxable municipals		-		17,859		-
Corporate bonds		-		2,688		-
Mortgage backed securities		-		49,462		-
(On a non-recurring basis) Other real estate owned		-		-		157
Collateral dependent loans with ACL:
Commercial real estate		-		-		204
Total	$	1	$	89,805	$	361

Schedule of significant unobservable inputs In level 3 assets

(Dollars in thousands)		Fair Value at December 31, 2024		Fair Value at December 31, 2023	Valuation Technique	Significant Unobservable Inputs	General Range of Significant Unobservable Input Values
Collateral dependent loans with ACL:
Commercial real estate	$	-	$	204	Appraised Value	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell	0 – 18%
Consumer and all other	$	11	$	-	Appraised Value	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell	0 – 18%
Other Real Estate Owned	$	87	$	157	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 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)
December 31, 2024
Financial instruments – assets
Net loans	$	649,852	$	633,023	$	-	$	-	$	633,023
Financial instruments – liabilities
Time deposits		268,739		268,509		-		268,509		-
Borrowed funds		24,986		23,071		-		23,071		-
December 31, 2023
Financial instruments – assets
Net loans	$	630,855	$	604,736	$	-	$	-	$	604,736
Financial instruments – liabilities
Time deposits		252,316		249,941		-		249,941		-
Borrowed funds		36,186		34,046		-		34,046		-