INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2025

  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
March 31, 2025
U.S. Treasuries	$	7,617	$	1	$	313	$	7,305
U.S. Government Agencies		9,855		21		481		9,395
Taxable municipals		23,928		2		4,704		19,226
Corporate bonds		2,500		3		201		2,302
Mortgage backed securities		67,516		104		7,223		60,397
Total securities available-for-sale	$	111,416	$	131	$	12,922	$	98,625
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

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
March 31, 2025
U.S. Treasuries	$	—	$	—	$	6,303	$	313	$	6,303	$	313
U.S. Government Agencies		741		13		5,871		468		6,612		481
Taxable municipals		718		73		17,526		4,631		18,244		4,704
Corporate bonds		—		—		1,799		201		1,799		201
Mortgage backed securities		6,861		108		41,971		7,115		48,832		7,223
Total	$	8,320	$	194	$	73,470	$	12,728	$	81,790	$	12,922
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

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	$	3,236	$	3,194		2.03	%
Due after one year through five years		12,516		12,051		2.08	%
Due after five years through ten years		23,418		21,908		3.18	%
Due after ten years		72,246		61,472		3.02	%
Total	$	111,416	$	98,625		2.56	%