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FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2021

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of estimated fair values of the Bank's financial instruments


		June 30, 2021
(Dollars in thousands)		Carrying Amount			Fair Value			Level 1			Level 2			Level 3
Financial Assets:
Cash and cash equivalents		$	29,087		$	29,087		$	29,087		$			$
Investment securities
Held-to-maturity			15,511			15,320						15,320
Available-for-sale			41,856			41,856						41,856
Loans receivable, net			137,950			137,356									137,356
Accrued interest receivable			558			558			558
Financial Liabilities:
Deposits			177,888			178,114						178,114
Borrowed funds			8,928			8,847						8,847
Accrued interest payable			45			45			45


		December 31, 2020
(Dollars in thousands)		Carrying Amount			Fair Value			Level 1			Level 2			Level 3
Financial Assets:
Cash and cash equivalents		$	25,245		$	25,245		$	25,245		$			$
Investment securities
Held-to-maturity			17,523			17,505						17,505
Available-for-sale			20,730			20,730						20,730
Loans receivable, net			148,778			148,674									148,674
Accrued interest receivable			564			564			564
Financial Liabilities:
Deposits			164,598			164,951						164,951
Borrowed funds			8,838			9,052						9,052
Accrued interest payable			51			51			51