DEPOSITS (Tables)

12 Months Ended

Dec. 31, 2022

Deposits [Abstract]

Summary of deposits

Deposits at December 31, 2022 and December 31, 2021, are summarized as follows:

	December 31, 2022		Weighted Average Rate		December 31, 2021		Weighted Average Rate
	(In thousands)				(In thousands)
Non -interest bearing deposits	$	37,907	—	%	$	44,894	—	%
NOW and demand accounts	410,937		0.92	%	363,419		0.13	%
Savings	423,758		0.85	%	364,932		0.16	%
Time deposits	416,260		1.79	%	473,795		0.58	%
Total	$	1,288,862	1.15	%	$	1,247,040	0.31	%

Schedule of timed deposit maturities

Time deposits mature as follows for the year ending December 31:

    

	(In thousands)
2023	$	294,912
2024	103,810
2025	10,891
2026	4,352
2027	2,295
	$	416,260

Schedule of interest expense on deposits

Interest expense on deposits is summarized as follows (in thousands):

	Year Ended December 31,
	2022		2021
	(In thousands)
NOW and demand accounts	$	1,344	$	519
Savings	1,615		572
Time deposits	2,779		6,793
Total	$	5,738	$	7,884