FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

FAIR VALUE MEASUREMENTS

Schedule of fair values of assets and liabilities measured on a recurring and nonrecurring basis

Fair values of assets and liabilities measured on a recurring basis at June 30, 2022 and December 31, 2021 follows:

	Fair Value Measurements at Reporting Date Using
(Dollars in thousands)	Fair Value		Level 1		Level 2		Level 3
June 30, 2022
Available-for-sale securities	$	82,276	$	-	$	82,276	$	-
December 31, 2021
Available-for-sale securities	$	88,339	$	-	$	88,339	$	-

Fair values of assets and liabilities measured on a nonrecurring basis at June 30, 2022 and December 31, 2021 follows:

	Fair Value Measurements at Reporting Date Using
(Dollars in thousands)	Fair Value		Level 1		Level 2		Level 3
June 30, 2022
Impaired loans	$	797	$	-	$	-	$	797
Foreclosed assets		320		-		-		320
Total	$	1,117	$	-	$	-	$	1,117
December 31, 2021
Impaired loans	$	1,020	$	-	$	-	$	1,020
Foreclosed assets		340		-		-		340
Total	$	1,360	$	-	$	-	$	1,360