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INVESTMENT SECURITIES (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Schedule of Amortized Cost, Estimated Fair Value and Related Unrealized Gains and Losses on Available-for-Sale Securities | The amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale and held to maturity as of December 31, 2022 and December 31, 2021, respectively, were as follows:
Available for sale securities | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
December 31, 2022 |  |  |  |  |  |  |
U.S. government agency obligations | $ | 18,373 |  |  | $ | 173 |  |  | $ | 233 |  |  | $ | 18,313 |
Obligations of states and political subdivisions | — |  |  | — |  |  | — |  |  | — |
Mortgage-backed securities | 97,458 |  |  | — |  |  | 18,848 |  |  | 78,610 |
Corporate debt securities | 44,636 |  |  | — |  |  | 4,385 |  |  | 40,251 |
Corporate asset-backed securities | 29,877 |  |  | — |  |  | 1,060 |  |  | 28,817 |
Total available for sale securities | $ | 190,344 |  |  | $ | 173 |  |  | $ | 24,526 |  |  | $ | 165,991 |
December 31, 2021 |  |  |  |  |  |  |
U.S. government agency obligations | $ | 25,826 |  |  | $ | 440 |  |  | $ | 1 |  |  | $ | 26,265 |
Obligations of states and political subdivisions | 140 |  |  | — |  |  | — |  |  | 140 |
Mortgage-backed securities | 107,636 |  |  | 409 |  |  | 878 |  |  | 107,167 |
Corporate debt securities | 35,342 |  |  | 403 |  |  | 157 |  |  | 35,588 |
Corporate asset-backed securities | 33,902 |  |  | 133 |  |  | 127 |  |  | 33,908 |
Total available for sale securities | $ | 202,846 |  |  | $ | 1,385 |  |  | $ | 1,163 |  |  | $ | 203,068 |
Schedule of Amortized Cost, Estimated Fair Value and Related Unrealized Gains and Losses on Held-to-Maturity Securities |
Held to maturity securities | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
December 31, 2022 |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 600 |  |  | $ | — |  |  | $ | 54 |  |  | $ | 546 |
Mortgage-backed securities | 95,779 |  |  | 7 |  |  | 19,553 |  |  | 76,233 |
Total held to maturity securities | $ | 96,379 |  |  | $ | 7 |  |  | $ | 19,607 |  |  | $ | 76,779 |
December 31, 2021 |  |  |  |  |  |  |
Obligations of states and political subdivisions | $ | 4,600 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 4,593 |
Mortgage-backed securities | 66,541 |  |  | 104 |  |  | 2,061 |  |  | 64,584 |
Total held to maturity securities | $ | 71,141 |  |  | $ | 104 |  |  | $ | 2,068 |  |  | $ | 69,177 |
Schedule of Estimated Fair Value of Securities by Contractual Maturity | The estimated fair value of available for sale securities at December 31, 2022 and December 31, 2021, by contractual maturity, is shown below. Expected maturities will differ from contractual maturities on mortgage-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Expected maturities may differ from contractual maturities on certain agency and securities due to the call feature.
|  | December 31, 2022 |  | December 31, 2021
Available for sale securities |  | Amortized Cost |  | Estimated Fair Value |  | Amortized Cost |  | Estimated Fair Value
Due in one year or less |  | $ | — |  |  | $ | — |  |  | $ | 140 |  |  | $ | 140 |
Due after one year through five years |  | 8,525 |  |  | 8,184 |  |  | 4,903 |  |  | 4,971 |
Due after five years through ten years |  | 45,622 |  |  | 41,427 |  |  | 40,410 |  |  | 40,818 |
Due after ten years |  | 38,739 |  |  | 37,770 |  |  | 49,757 |  |  | 49,972 |
Total securities with contractual maturities |  | 92,886 |  |  | 87,381 |  |  | 95,210 |  |  | 95,901 |
Mortgage-backed securities |  | 97,458 |  |  | 78,610 |  |  | 107,636 |  |  | 107,167 |
Total available for sale securities |  | $ | 190,344 |  |  | $ | 165,991 |  |  | $ | 202,846 |  |  | $ | 203,068 |
|  | December 31, 2022 |  | December 31, 2021
Held to maturity securities |  | Amortized Cost |  | Estimated Fair Value |  | Amortized Cost |  | Estimated Fair Value
Due after one year through five years |  | $ | 450 |  |  | $ | 415 |  |  | $ | 4,300 |  |  | $ | 4,298 |
Due after five years through ten years |  | 150 |  |  | 131 |  |  | 300 |  |  | 295 |
Total securities with contractual maturities |  | 600 |  |  | 546 |  |  | 4,600 |  |  | 4,593 |
Mortgage-backed securities |  | 95,779 |  |  | 76,233 |  |  | 66,541 |  |  | 64,584 |
Total held to maturity securities |  | $ | 96,379 |  |  | $ | 76,779 |  |  | $ | 71,141 |  |  | $ | 69,177 |
Schedule of Available-for-Sale Securities with Unrealized Losses | Securities with unrealized losses at December 31, 2022 and December 31, 2021, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows:
|  | Less than 12 Months |  | 12 Months or More |  | Total
Available for sale securities |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency obligations |  | $ | 3,169 |  |  | $ | 138 |  |  | $ | 1,138 |  |  | $ | 95 |  |  | $ | 4,307 |  |  | $ | 233 |
Mortgage-backed securities |  | 9,654 |  |  | 896 |  |  | 68,907 |  |  | 17,952 |  |  | 78,561 |  |  | 18,848 |
Corporate debt securities |  | 21,547 |  |  | 1,688 |  |  | 18,704 |  |  | 2,697 |  |  | 40,251 |  |  | 4,385 |
Corporate asset-backed securities |  | 7,955 |  |  | 221 |  |  | 20,862 |  |  | 839 |  |  | 28,817 |  |  | 1,060 |
Total |  | $ | 42,325 |  |  | $ | 2,943 |  |  | $ | 109,611 |  |  | $ | 21,583 |  |  | $ | 151,936 |  |  | $ | 24,526 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency obligations |  | $ | 1,169 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,169 |  |  | $ | 1 |
Mortgage-backed securities |  | 89,010 |  |  | 878 |  |  | — |  |  | — |  |  | 89,010 |  |  | 878 |
Corporate debt securities |  | 17,240 |  |  | 142 |  |  | 735 |  |  | 15 |  |  | 17,975 |  |  | 157 |
Corporate asset-backed securities |  | 19,296 |  |  | 127 |  |  | — |  |  | — |  |  | 19,296 |  |  | 127 |
Total |  | $ | 126,715 |  |  | $ | 1,148 |  |  | $ | 735 |  |  | $ | 15 |  |  | $ | 127,450 |  |  | $ | 1,163 |
Schedule of Held-to-Maturity Securities with Unrealized Losses |
|  | Less than 12 Months |  | 12 Months or More |  | Total
Held to maturity securities |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | — |  |  | $ | — |  |  | $ | 546 |  |  | $ | 54 |  |  | $ | 546 |  |  | $ | 54 |
Mortgage-backed securities |  | 16,627 |  |  | 2,416 |  |  | 59,367 |  |  | 17,137 |  |  | 75,994 |  |  | 19,553 |
Total |  | $ | 16,627 |  |  | $ | 2,416 |  |  | $ | 59,913 |  |  | $ | 17,191 |  |  | $ | 76,540 |  |  | $ | 19,607 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 593 |  |  | $ | 7 |  |  | $ | — |  |  | $ | — |  |  | $ | 593 |  |  | $ | 7 |
Mortgage-backed securities |  | 46,969 |  |  | 1,346 |  |  | 14,716 |  |  | 715 |  |  | 61,685 |  |  | 2,061 |
Total |  | $ | 47,562 |  |  | $ | 1,353 |  |  | $ | 14,716 |  |  | $ | 715 |  |  | $ | 62,278 |  |  | $ | 2,068 |

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