INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 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
September 30, 2025
U.S. Treasuries	$	7,105	$	18	$	199	$	6,924
U.S. Government Agencies		9,241		64		397		8,908
Taxable municipals		24,229	6		4,415		19,820
Corporate bonds		2,500	7		159		2,348
Mortgage-backed securities		63,618	202		5,667		58,153
Total securities available-for-sale	$	106,693	$	297	$	10,837	$	96,153
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
September 30, 2025
U.S. Treasuries	$	—	$	—	$	5,906	$	199	$	5,906	$	199
U.S. Government Agencies		204		—		4,585		397		4,789		397
Taxable municipals		1,344		177		17,646		4,238		18,990		4,415
Corporate bonds		—		—		1,841		159		1,841		159
Mortgage-backed securities		937		9		41,725		5,658		42,662		5,667
Total	$	2,485	$	186	$	71,703	$	10,651	$	74,188	$	10,837
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	$	2,995	$	2,963		0.96%
Due after one year through five years	12,294		11,938		2.79%
Due after five years through ten years		23,204		22,234		3.43%
Due after ten years		68,200		59,018		2.29%
Total	$	106,693	$	96,153		2.56%