LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The following table presents components of the Company’s long-term debt at December 31, 2024, and 2023. There were zero new long term borrowings in 2024 and five in 2023.

 

	Amount				Weighted Average rate
	2024		2023		2024		2023
FHLB fixed rate advances maturing:
2025	$	15,000	$	15,000	4.57	%	4.57	%
2028	25,000		25,000		3.98	%	3.98	%
Total FHLB Advances	$	40,000	$	40,000	4.20	%	4.20	%
Lease obligation included in long term debt
Finance lease liabilities	$	364	n/a

Finance Lease, Liability, to be Paid, Maturity

The following table presents expected future maturities of the Company's finance lease liabilities as of December 31, 2024. The Company assumed a finance lease asset with a fair value of $392 thousand from the Merger.

2025	$	79
2026	80
2027	80
2028	80
2029	80
Thereafter	13
	412
Less: imputed interest	48
Total finance lease liabilities	$	364