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DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2023
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of estimated fair value and recorded carrying value

AT DECEMBER 31, 2023

    

Carrying 

    

    

    

    

Value

Fair Value

(Level 1)

(Level 2)

(Level 3)

(IN THOUSANDS)

FINANCIAL ASSETS:

 

  

 

  

 

  

 

  

 

  

Investment securities – HTM

$

63,979

$

58,621

$

$

56,769

$

1,852

Loans held for sale

 

130

132

132

 

 

Loans, net of allowance for credit losses and unearned income

 

1,023,218

950,402

 

 

950,402

FINANCIAL LIABILITIES:

 

  

 

  

 

  

 

  

 

  

Deposits with stated maturities

322,477

321,660

321,660

All other borrowings (1)

 

71,247

 

70,061

 

 

 

70,061

AT DECEMBER 31, 2022

    

Carrying 

Value

    

Fair Value

    

(Level 1)

    

(Level 2)

    

(Level 3)

(IN THOUSANDS)

FINANCIAL ASSETS:

Investment securities – HTM

$

61,878

$

55,192

$

$

52,323

$

2,869

Loans held for sale

 

59

57

57

 

 

Loans, net of allowance for credit losses and unearned income

 

980,023

938,188

 

 

938,188

FINANCIAL LIABILITIES:

 

  

 

  

 

  

 

  

 

  

Deposits with stated maturities

286,004

281,297

281,297

All other borrowings (1)

 

46,409

 

44,759

 

 

 

44,759

(1)All other borrowings include advances from Federal Home Loan Bank and subordinated debt.