Fair values of assets and liabilities measured on a recurring basis at September 30, 2023 and December 31, 2022 follows: | | | | | | | | | | | | | | | Fair Value Measurements at Reporting Date Using | (Dollars in thousands) | | Fair Value | | Level 1 | | Level 2 | | Level 3 | September 30, 2023 | | | | | | | | | | | | | Available-for-sale securities | | $ | 71,808 | | $ | - | | $ | 71,808 | | $ | - | | | | | | | | | | | | | | December 31, 2022 | | | | | | | | | | | | | Available-for-sale securities | | $ | 79,602 | | $ | - | | $ | 79,602 | | $ | - |
Fair values of assets and liabilities measured on a nonrecurring basis at September 30, 2023 and December 31, 2022 follows: | | | | | | | | | | | | | | | Fair Value Measurements at Reporting Date Using | (Dollars in thousands) | | Fair Value | | Level 1 | | Level 2 | | Level 3 | September 30, 2023 | | | | | | | | | | | | | Loans individually evaluated for credit losses | | $ | 457 | | $ | - | | $ | - | | $ | 457 | Foreclosed assets | | | 37 | | | - | | | - | | | 37 | Total | | $ | 494 | | $ | - | | $ | - | | $ | 494 | December 31, 2022 | | | | | | | | | | | | | Loans individually evaluated for credit losses | | $ | 898 | | $ | - | | $ | - | | $ | 898 | Foreclosed assets | | | 320 | | | - | | | - | | | 320 | Total | | $ | 1,218 | | $ | - | | $ | - | | $ | 1,218 |
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