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FAIR VALUE MEASUREMENT (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of fair value, assets measured on recurring basis

    

Total Estimated

    

Fair Value Measurements

Fair Value

Level 1

Level 2

Level 3

September 30, 2023

U.S. Government Agencies

$

1,501

$

$

1,501

$

Municipal securities

 

18,185

 

 

18,185

 

Mortgage-backed securities

 

28,426

 

 

28,426

 

Collateralized mortgage obligations

 

25,643

 

 

25,643

 

SBA securities

 

5,593

 

 

5,593

 

Corporate bonds

 

66,497

 

 

66,497

 

Equity securities

11,639

11,639

Total

$

157,484

$

11,639

$

145,845

$

    

Total Estimated

    

Fair Value Measurements

Fair Value

Level 1

Level 2

Level 3

December 31, 2022

 

  

 

  

 

  

 

  

U.S. Government Agencies

$

1,505

$

$

1,505

$

Municipal securities

 

19,557

 

 

19,557

 

Mortgage-backed securities

 

33,010

 

 

33,010

 

Collateralized mortgage obligations

 

25,424

 

 

25,424

 

SBA securities

 

4,305

 

 

4,305

 

Corporate bonds

 

70,203

 

 

70,203

 

Equity securities

13,757

13,757

Total

$

167,761

$

13,757

$

154,004

$

Schedule of fair value measurements, nonrecurring

    

Total Estimated

    

Fair Value Measurements

Fair Value

Level 1

Level 2

Level 3

September 30, 2023

 

  

 

  

 

  

 

  

Individually evaluated loans (1)

$

14,321

 

 

$

14,321

OREO

 

 

 

 

Total

$

14,321

$

$

$

14,321

    

Total Estimated

    

Fair Value Measurements

Fair Value

Level 1

Level 2

Level 3

December 31, 2022

 

  

 

  

 

  

 

  

Performing impaired loans (1)

$

759

$

$

$

759

Nonperforming impaired loans

 

15,223

 

 

 

15,223

OREO

 

21

 

 

 

21

Total

$

16,003

$

$

$

16,003

(1)For each quarter the loan was outstanding in 2023, with the adoption of CECL, one performing modified loan to a borrower experiencing financial difficulty was individually evaluated in determining the estimated allowance for credit losses.