INVESTMENT SECURITIES (Tables)

6 Months Ended

Jun. 30, 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
June 30, 2025
U.S. Treasuries	$	7,113	$	1	$	268	$	6,846
U.S. Government Agencies		10,208		34		463		9,779
Taxable municipals		24,241	-		5,077		19,164
Corporate bonds		2,500	3		201		2,302
Mortgage backed securities		65,758	92		7,192		58,658
Total securities available-for-sale	$	109,820	$	130	$	13,201	$	96,749
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
June 30, 2025
U.S. Treasuries	$	-	$	-	$	6,113	$	268	$	6,113	$	268
U.S. Government Agencies		1,503		11		5,623		452		7,126		463
Taxable municipals		2,094		205		22,147		4,872		24,241		5,077
Corporate bonds		-		-		2,000		201		2,000		201
Mortgage backed securities		9,488		170		47,414		7,022		56,902		7,192
Total	$	13,085	$	386	$	83,297	$	12,815	$	96,382	$	13,201
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	$	3,739	$	3,677		1.41%
Due after one year through five years	12,357		11,895		2.88%
Due after five years through ten years		23,553		22,118		3.32%
Due after ten years		70,171		59,059		2.32%
Total	$	109,820	$	96,749		2.57%