INVESTMENT SECURITIES (Tables)

3 Months Ended

Mar. 31, 2023

INVESTMENT SECURITIES

Schedule of available for sale securities

	March 31, 2023
	Gross		Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Obligations of U.S. Government entities and agencies	$	4,834	$	—	$	—	$	4,834
States and political subdivisions		8,109		—		(1,555)		6,554
Mortgage-backed GSE residential		9,338		—		(1,552)		7,786
Total	$	22,281	$	—	$	(3,107)	$	19,174

	December 31, 2022
	Gross		Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Obligations of U.S. Government entities and agencies	$	5,059	$	—	$	—	$	5,059
States and political subdivisions		8,121		—		(1,718)		6,403
Mortgage-backed GSE residential		9,540		—		(1,757)		7,783
Total	$	22,720	$	—	$	(3,475)	$	19,245

Schedule of available for sale securities by contractual maturities

	Securities Available for Sale
	Amortized		Estimated
(Dollars in thousands)	Cost		Fair Value
Due in one year or less	$	—	$	—
Due after one year but less than five years		5,697		5,676
Due after five years but less than ten years		379		375
Due in more than ten years		6,867		5,337
Mortgage-backed GSE residential		9,338		7,786
Total	$	22,281	$	19,174

Schedule of available for sale securities by investment category and length of time

	March 31, 2023
	Twelve Months or Less				Over Twelve Months
	Gross		Estimated		Gross		Estimated
	Unrealized		Fair		Unrealized		Fair
(Dollars in thousands)	Losses		Value		Losses		Value
States and political subdivisions	$	—	$	—	$	1,555	$	6,554
Mortgage-backed GSE residential		—		—		1,552		7,786
Total	$	—	$	—	$	3,107	$	14,340

	December 31, 2022
	Twelve Months or Less				Over Twelve Months
	Gross		Estimated		Gross		Estimated
	Unrealized		Fair		Unrealized		Fair
(Dollars in thousands)	Losses		Value		Losses		Value
States and political subdivisions	$	756	$	3,556	$	962	$	2,847
Mortgage-backed GSE residential		48		541		1,709		7,242
Total	$	804	$	4,097	$	2,671	$	10,089