NOTE 7 - PLEDGED ASSETS

6 Months Ended

Jun. 30, 2023

Guarantees and Product Warranties [Abstract]

NOTE 7 - PLEDGED ASSETS

NOTE 7 - PLEDGED ASSETS

The following securities and loans were pledged to secure public and trust deposits, securities sold under agreements to repurchase, FHLBB advances and credit facilities available.

(in thousands)		June 30, 2023		December 31, 2022
Securities available-for-sale (at fair value)	$	100,349	$	74,303
Loans receivable (at book value)		373,245		380,787
Total pledged assets	$	473,594	$	455,090

At June 30, 2023, securities were pledged as follows: $92.84 million to secure public deposits and $7.50 million to secure repurchase agreements. Additionally, loans receivable were pledged to secure FHLBB advances and credit facilities.