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Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract] |
Schedule of amortized costs and fair value of investment securities |
|  | March 31, 2023 |
|  | Amortized |  |  | Gross Unrealized |  |  | Fair |
(dollars in thousands) |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 2,166 |  |  |  | - |  |  |  | 250 |  |  |  | 1,916 |
US treasuries |  |  | 999 |  |  |  | - |  |  |  | 107 |  |  |  | 892 |
US government agencies |  |  | 13,008 |  |  |  | - |  |  |  | 2,024 |  |  |  | 10,984 |
State and political subdivisions |  |  | 22,844 |  |  |  | 8 |  |  |  | 3,203 |  |  |  | 19,649 |
Asset-backed securities |  |  | 5,966 |  |  |  | - |  |  |  | 147 |  |  |  | 5,819 |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHLMC |  |  | 23,876 |  |  |  | 1 |  |  |  | 3,467 |  |  |  | 20,410 |
FNMA |  |  | 34,612 |  |  |  | - |  |  |  | 5,029 |  |  |  | 29,583 |
GNMA |  |  | 5,471 |  |  |  | - |  |  |  | 688 |  |  |  | 4,783 |
Total mortgage-backed securities |  |  | 63,959 |  |  |  | 1 |  |  |  | 9,184 |  |  |  | 54,776 |
Total investment securities available for sale |  | $ | 108,942 |  |  |  | 9 |  |  |  | 14,915 |  |  |  | 94,036 |
|  | December 31, 2022 |
|  | Amortized |  |  | Gross Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 2,172 |  |  |  | - |  |  |  | 289 |  |  |  | 1,883 |
US treasuries |  |  | 999 |  |  |  | - |  |  |  | 128 |  |  |  | 871 |
US government agencies |  |  | 13,007 |  |  |  | - |  |  |  | 2,390 |  |  |  | 10,617 |
State and political subdivisions |  |  | 22,910 |  |  |  | - |  |  |  | 4,004 |  |  |  | 18,906 |
Asset-backed securities |  |  | 6,435 |  |  |  | - |  |  |  | 206 |  |  |  | 6,229 |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHLMC |  |  | 24,086 |  |  |  | - |  |  |  | 3,745 |  |  |  | 20,341 |
FNMA |  |  | 35,141 |  |  |  | - |  |  |  | 5,520 |  |  |  | 29,621 |
GNMA |  |  | 5,573 |  |  |  | - |  |  |  | 694 |  |  |  | 4,879 |
Total mortgage-backed securities |  |  | 64,800 |  |  |  | - |  |  |  | 9,959 |  |  |  | 54,841 |
Total investment securities available for sale |  | $ | 110,323 |  |  |  | - |  |  |  | 16,976 |  |  |  | 93,347 |
Schedule of maturities and yields on the Company’s investment securities |
|  | March 31, 2023 |
|  | Less than one year |  |  | One to five years |  |  | Five to ten years |  |  | Over ten years |  |  | Total |
(dollars in thousands) |  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |
Available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | - |  |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | 1,916 |  |  |  | 2.00 | % |  | $ | - |  |  |  | - |  |  | $ | 1,916 |  |  |  | 2.00 | %
US treasuries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 892 |  |  |  | 1.27 | % |  |  | - |  |  |  | - |  |  |  | 892 |  |  |  | 1.27 | %
US government agencies |  |  | - |  |  |  | - |  |  |  | 3,291 |  |  |  | 0.85 | % |  |  | 7,693 |  |  |  | 1.55 | % |  |  | - |  |  |  | - |  |  |  | 10,984 |  |  |  | 1.34 | %
State and political subdivisions |  |  | - |  |  |  | - |  |  |  | 465 |  |  |  | 2.13 | % |  |  | 5,598 |  |  |  | 1.80 | % |  |  | 13,586 |  |  |  | 2.16 | % |  |  | 19,649 |  |  |  | 2.06 | %
Asset-backed securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 452 |  |  |  | 4.43 | % |  |  | 5,367 |  |  |  | 5.62 | % |  |  | 5,819 |  |  |  | 5.53 | %
Mortgage-backed securities |  |  | - |  |  |  | - |  |  |  | 4,902 |  |  |  | 1.17 | % |  |  | 3,712 |  |  |  | 1.57 | % |  |  | 46,162 |  |  |  | 1.95 | % |  |  | 54,776 |  |  |  | 1.85 | %
Total investment securities |  | $ | - |  |  |  | - |  |  | $ | 8,658 |  |  |  | 1.10 | % |  | $ | 20,263 |  |  |  | 1.72 | % |  | $ | 65,115 |  |  |  | 2.30 | % |  | $ | 94,036 |  |  |  | 2.06 | %
|  | December 31, 2022
|  | Less than one year |  |  | One to five years |  |  | Five to ten years |  |  | Over ten years |  |  | Total |
(dollars in thousands) |  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |  |  | Amount |  |  | Yield |
Available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | - |  |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | 1,883 |  |  |  | 2.00 | % |  | $ | - |  |  |  | - |  |  | $ | 1,883 |  |  |  | 2.00 | %
US treasuries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 871 |  |  |  | 1.27 | % |  |  | - |  |  |  | - |  |  |  | 871 |  |  |  | 1.27 | %
US government agencies |  |  | - |  |  |  | - |  |  |  | 3,223 |  |  |  | 0.85 | % |  |  | 7,394 |  |  |  | 1.55 | % |  |  | - |  |  |  | - |  |  |  | 10,617 |  |  |  | 1.34 | %
State and political subdivisions |  |  | - |  |  |  | - |  |  |  | 460 |  |  |  | 2.13 | % |  |  | 5,382 |  |  |  | 1.80 | % |  |  | 13,064 |  |  |  | 2.16 | % |  |  | 18,906 |  |  |  | 2.05 | %
Asset-backed securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 554 |  |  |  | 4.77 | % |  |  | 5,675 |  |  |  | 5.14 | % |  |  | 6,229 |  |  |  | 5.10 | %
Mortgage-backed securities |  |  | - |  |  |  | - |  |  |  | 4,594 |  |  |  | 1.13 | % |  |  | 3,959 |  |  |  | 1.60 | % |  |  | 46,288 |  |  |  | 1.90 | % |  |  | 54,841 |  |  |  | 1.82 | %
Total investment securities |  | $ | - |  |  |  | - |  |  | $ | 8,277 |  |  |  | 1.08 | % |  | $ | 20,043 |  |  |  | 1.75 | % |  | $ | 65,027 |  |  |  | 2.24 | % |  | $ | 93,347 |  |  |  | 2.03 | %
Schedule of gross unrealized losses on investment securities and fair market value of related securities |
|  | March 31, 2023 |
|  | Less than 12 months |  |  | 12 months or longer |  |  | Total |
(dollars in thousands) |  | # |  |  | Fair value |  |  | Unrealized losses |  |  | # |  |  | Fair value |  |  | Unrealized losses |  |  | # |  |  | Fair value |  |  | Unrealized losses |
Available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  |  | - |  |  | $ | - |  |  | $ | - |  |  |  | 1 |  |  | $ | 1,916 |  |  | $ | 250 |  |  |  | 1 |  |  | $ | 1,916 |  |  | $ | 250 |
US treasuries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | 892 |  |  |  | 107 |  |  |  | 1 |  |  |  | 892 |  |  |  | 107 |
US government agencies |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10 |  |  |  | 10,984 |  |  |  | 2,024 |  |  |  | 10 |  |  |  | 10,984 |  |  |  | 2,024 |
State and political subdivisions |  |  | 1 |  |  |  | 465 |  |  |  | 5 |  |  |  | 29 |  |  |  | 18,404 |  |  |  | 3,198 |  |  |  | 30 |  |  |  | 18,869 |  |  |  | 3,203 |
Asset-backed |  |  | 2 |  |  |  | 1,228 |  |  |  | 16 |  |  |  | 6 |  |  |  | 4,591 |  |  |  | 131 |  |  |  | 8 |  |  |  | 5,819 |  |  |  | 147 |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHLMC |  |  | 1 |  |  |  | 1,504 |  |  |  | 12 |  |  |  | 19 |  |  |  | 17,486 |  |  |  | 3,455 |  |  |  | 20 |  |  |  | 18,990 |  |  |  | 3,467 |
FNMA |  |  | 1 |  |  |  | 5 |  |  |  | - |  |  |  | 36 |  |  |  | 29,578 |  |  |  | 5,029 |  |  |  | 37 |  |  |  | 29,583 |  |  |  | 5,029 |
GNMA |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7 |  |  |  | 4,783 |  |  |  | 688 |  |  |  | 7 |  |  |  | 4,783 |  |  |  | 688 |
Total investment securities |  |  | 5 |  |  | $ | 3,202 |  |  | $ | 33 |  |  |  | 109 |  |  | $ | 88,634 |  |  | $ | 14,882 |  |  |  | 114 |  |  | $ | 91,836 |  |  | $ | 14,915 |
|  | December 31, 2022 |
|  | Less than 12 months |  |  | 12 months or longer |  |  | Total |
(dollars in thousands) |  | # |  |  | Fair value |  |  | Unrealized losses |  |  | # |  |  | Fair value |  |  | Unrealized losses |  |  | # |  |  | Fair value |  |  | Unrealized losses |
Available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  |  | - |  |  | $ | - |  |  | $ | - |  |  |  | 1 |  |  | $ | 1,883 |  |  | $ | 289 |  |  |  | 1 |  |  | $ | 1,883 |  |  | $ | 289 |
US treasuries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |  |  |  | 871 |  |  |  | 128 |  |  |  | 1 |  |  |  | 871 |  |  |  | 128 |
US government agencies |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10 |  |  |  | 10,617 |  |  |  | 2,390 |  |  |  | 10 |  |  |  | 10,617 |  |  |  | 2,390 |
State and political subdivisions |  |  | 10 |  |  |  | 5,101 |  |  |  | 763 |  |  |  | 22 |  |  |  | 13,805 |  |  |  | 3,241 |  |  |  | 32 |  |  |  | 18,906 |  |  |  | 4,004 |
Asset-backed |  |  | 5 |  |  |  | 4,291 |  |  |  | 135 |  |  |  | 3 |  |  |  | 1,938 |  |  |  | 71 |  |  |  | 8 |  |  |  | 6,229 |  |  |  | 206 |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FHLMC |  |  | 4 |  |  |  | 3,712 |  |  |  | 155 |  |  |  | 17 |  |  |  | 16,629 |  |  |  | 3,590 |  |  |  | 21 |  |  |  | 20,341 |  |  |  | 3,745 |
FNMA |  |  | 9 |  |  |  | 2,208 |  |  |  | 201 |  |  |  | 28 |  |  |  | 27,413 |  |  |  | 5,319 |  |  |  | 37 |  |  |  | 29,621 |  |  |  | 5,520 |
GNMA |  |  | 1 |  |  |  | 103 |  |  |  | 7 |  |  |  | 6 |  |  |  | 4,776 |  |  |  | 687 |  |  |  | 7 |  |  |  | 4,879 |  |  |  | 694 |
Total investment securities |  |  | 29 |  |  | $ | 15,415 |  |  | $ | 1,261 |  |  |  | 88 |  |  | $ | 77,932 |  |  | $ | 15,715 |  |  |  | 117 |  |  | $ | 93,347 |  |  | $ | 16,976 |
Schedule of other investments |
(dollars in thousands) |  | March 31, 2023 |  |  | December 31, 2022 |
Federal Home Loan Bank stock |  | $ | 7,534 |  |  |  | 9,250 |
Other nonmarketable investments |  |  | 2,160 |  |  |  | 1,180 |
Investment in Trust Preferred subsidiaries |  |  | 403 |  |  |  | 403 |
Total other investments |  | $ | 10,097 |  |  |  | 10,833 |

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