SECURITIES (Tables)

6 Months Ended

Jun. 30, 2021

SECURITIES [Abstract]

Amortized Cost and Fair Value of Securities Available-for-sale

The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at June 30, 2021 and December 31, 2020, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive (loss) and gross unrecognized gains and losses:

Securities Available for Sale	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
June 30, 2021
U.S. Government securities	$	17,815	$	—	$	(67	)	$	17,748
U.S. Government sponsored entity securities		30,307		218		(240	)		30,285
Agency mortgage-backed securities, residential		122,971		2,078		(527	)		124,522
Total securities	$	171,093	$	2,296	$	(834	)	$	172,555
December 31, 2020
U.S. Government sponsored entity securities	$	17,814	$	339	$	—		$	18,153
Agency mortgage-backed securities, residential		91,425		2,748		(4	)		94,169
Total securities	$	109,239	$	3,087	$	(4	)	$	112,322

Amortized Cost and Fair Value of Securities Held-to-maturity

Securities Held to Maturity	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses			Estimated Fair Value
June 30, 2021
Obligations of states and political subdivisions	$	10,843	$	256	$	(32	)	$	11,067
Agency mortgage-backed securities, residential		2		—		—			2
Total securities	$	10,845	$	256	$	(32	)	$	11,069
December 31, 2020
Obligations of states and political subdivisions	$	10,018	$	324	$	—		$	10,342
Agency mortgage-backed securities, residential		2		—		—			2
Total securities	$	10,020	$	324	$	—		$	10,344

Amortized Cost and Fair Value of Securities by Contractual Maturity

The amortized cost and estimated fair value of debt securities at June 30, 2021, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities.  Securities not due at a single maturity are shown separately.

	Available for Sale				Held to Maturity
Debt Securities:	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Due in one year or less	$	4,001	$	4,053	$	2,166	$	2,199
Due in over one to five years		8,932		9,044		3,459		3,576
Due in over five to ten years		35,189		34,936		4,891		4,972
Due after ten years		—		—		327		320
Agency mortgage-backed securities, residential		122,971		124,522		2		2
Total debt securities	$	171,093	$	172,555	$	10,845	$	11,069

Securities with Unrealized Losses in Continuous Unrealized Loss Position

The following table summarizes securities with unrealized losses at June 30, 2021 and December 31, 2020, aggregated by major security type and length of time in a continuous unrealized loss position:

June 30, 2021	Less Than 12 Months					12 Months or More				Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Securities Available for Sale
U.S. Government securities	$	17,748	$	(67	)	$	—	$	—	$	17,748	$	(67	)
U.S. Government sponsored entity securities		17,259		(240	)		—		—		17,259		(240	)
Agency mortgage-backed securities,
residential		63,452		(527	)		—		—		63,452		(527	)
Total available for sale	$	98,459	$	(834	)	$	—	$	—	$	98,459	$	(834	)

December 31, 2020	Less Than 12 Months					12 Months or More				Total
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Securities Available for Sale
Agency mortgage-backed securities,
residential	$	14,517	$	(4	)	$	—	$	—	$	14,517	$	(4	)
Total available for sale	$	14,517	$	(4	)	$	—	$	—	$	14,517	$	(4	)

June 30, 2021	Less Than 12 Months					12 Months or More				Total
	Fair Value		Unrecognized Loss			Fair Value		Unrecognized Loss		Fair Value		Unrecognized Loss
Securities Held to Maturity
Obligations of states and political subdivisions	$	1,626	$	(32	)	$	—	$	—	$	1,626	$	(32	)
Total held to maturity	$	1,626	$	(32	)	$	—	$	—	$	1,626	$	(32	)