FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Dec. 31, 2024

FAIR VALUE MEASUREMENT

Fair Value Measurements by Level of Valuation Inputs

	(Level 1)		(Level 2)		(Level 3)
	Quoted Prices in		Significant		Significant
(Dollars in thousands)	Active Markets		Other		Other
	for Identical		Observable		Unobservable
December 31, 2024	Assets		Inputs		Inputs		Total
Assets measured at fair value on a recurring basis:
Debt securities available for sale:
Obligations of U.S. Government agencies and corporations	$	—	$	14,576	$	—	$	14,576
Obligations of state and political subdivisions		—		6,033		—		6,033
Corporate debt securities		—		8,403		6,955		15,358
Mortgage-backed securities		—		28,656		—		28,656
Total debt securities available for sale	$	—	$	57,668	$	6,955	$	64,623
Equity securities	$	1,189	$	—	$	—	$	1,189
Mortgage servicing rights	$	—	$	—	$	69	$	69

	(Level 1)		(Level 2)		(Level 3)
	Quoted Prices in		Significant		Significant
(Dollars in thousands)	Active Markets		Other		Other
	for Identical		Observable		Unobservable
December 31, 2023	Assets		Inputs		Inputs		Total
Assets measured at fair value on a recurring basis:
Debt securities available for sale:
Obligations of U.S. Government agencies and corporations	$	—	$	14,173	$	—	$	14,173
Obligations of state and political subdivisions		—		6,508		—		6,508
Corporate debt securities		—		7,675		6,153		13,828
Mortgage-backed securities		—		33,055		—		33,055
Total debt securities available for sale	$	—	$	61,411	$	6,153	$	67,564
Equity securities	$	1,073	$	—	$	—	$	1,073
Mortgage servicing rights	$	—	$	—	$	83	$	83

Reconciliation of Investment Securities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs

	Year Ended
(Dollars in thousands)	December 31,
	2024		2023
Investment Securities:
Beginning balance	$	6,153	$	7,145
Total gain (loss) included in OCI		802		(992)
Purchases		—		—
Principal payments and other		—		—
Sales		—		—
Balance, end of period	$	6,955	$	6,153

Carrying Amounts and Estimated Fair Values of Financial Instruments

	Financial Instruments
(Dollars in thousands)	December 31, 2024				December 31, 2023
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Financial assets:
Cash and due from banks	$	5,064	$	5,064	$	17,189	$	17,189
Interest bearing deposits with banks		5,934		5,934		11,741		11,741
Debt securities available for sale		64,623		64,623		67,564		67,564
Debt securities held to maturity		191,627		182,773		200,644		198,147
Loans, net of allowance for credit losses		527,686		511,826		519,717		500,439
Accrued interest receivable		2,251		2,251		2,438		2,438
Financial liabilities:
Time deposits	$	213,352	$	212,152	$	197,387	$	194,219
Securities sold under agreements to repurchase		14,342		N/A		12,810		N/A
Short-term borrowings		27,900		27,900		40,000		39,868
Long-term debt		5,000		5,000		20,000		19,638
Other interest bearing liabilities		830		829		951		947
Accrued interest payable		876		876		1,397		1,397
Off-balance sheet financial instruments:
Commitments to extend credit	$	—	$	—	$	—	$	—
Letters of credit		—		—		—		—

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

					(Level 1)		(Level 2)		(Level 3)
					Quoted Prices in		Significant		Significant
(Dollars in thousands)					Active Markets		Other		Other
	Carrying				for Identical		Observable		Unobservable
	Amount		Fair Value		Assets or Liabilities		Inputs		Inputs
December 31, 2024
Financial instruments – Assets
Debt securities held to maturity	$	191,627	$	182,773	$	—	$	182,773	$	—
Loans, net of allowance for credit losses		527,686		511,826		—		—		511,826
Financial instruments – Liabilities
Time deposits	$	213,352	$	212,152	$	—	$	212,152	$	—
Short-term borrowings		27,900		27,900		—		27,900		—
Long-term debt		5,000		5,000		—		5,000		—
Other interest bearing liabilities		830		829		—		829		—

					(Level 1)		(Level 2)		(Level 3)
					Quoted Prices in		Significant		Significant
(Dollars in thousands)					Active Markets		Other		Other
	Carrying				for Identical		Observable		Unobservable
	Amount		Fair Value		Assets or Liabilities		Inputs		Inputs
December 31, 2023
Financial instruments – Assets
Debt securities held to maturity	$	200,644	$	198,147	$	—	$	198,147	$	—
Loans, net of allowance for credit losses		519,717		500,439		—		—		500,439
Financial instruments – Liabilities
Time deposits	$	197,387	$	194,219	$	—	$	194,219	$	—
Short-term borrowings		40,000		39,868		—		39,868		—
Long-term debt		20,000		19,638		—		19,638		—
Other interest bearing liabilities		951		947		—		947		—