Loans held for investment (Tables)

9 Months Ended

Sep. 30, 2022

Financing Receivable, Allowance for Credit Loss [Line Items]

Composition of Net Loans

The composition of net loans at September 30, 2022 and December 31, 2021 was as follows:

	September 30, 2022			December 31, 2021
Real Estate:
Land Development and Construction	$	96,143		$	71,898
Farmland		12,012			13,114
1-4 Family Mortgages		92,111			98,525
Commercial Real Estate		274,300			281,239
Total Real Estate Loans		474,566			464,776
Business Loans:
Commercial and Industrial Loans (1)		88,012			92,501
Farm Production and Other Farm Loans		523			621
Total Business Loans		88,535			93,122
Consumer Loans:
Credit Cards		2,531			1,963
Other Consumer Loans		13,033			11,986
Total Consumer Loans		15,564			13,949
Total Gross Loans		578,665			571,847
Allowance for Loan Losses		(5,068	)		(4,513	)
Loans, net	$	573,597		$	567,334

(1) Includes PPP loans of $274 and $5,789 as of September 30, 2022 and December 31, 2021, respectively.

Period-End, Non-Accrual Loans, Segregated by Class

Period-end, nonaccrual loans, segregated by class, were as follows:

	September 30, 2022		December 31, 2021
Real Estate:
Land Development and Construction	$	—	$	171
Farmland		97		118
1-4 Family Mortgages		1,726		1,891
Commercial Real Estate		968		1,249
Total Real Estate Loans		2,791		3,429
Business Loans:
Commercial and Industrial Loans		270		386
Farm Production and Other Farm Loans		—		3
Total Business Loans		270		389
Consumer Loans:
Other Consumer Loans		26		8
Total Consumer Loans		26		8
Total Nonaccrual Loans	$	3,087	$	3,826

Aging Analysis of Past Due Loans, Segregated by Class

An aging analysis of past due loans, segregated by class, as of September 30, 2022, was as follows:

											Accruing
	Loans 30-89 Days Past Due		Loans 90 or more Days Past Due		Total Past Due Loans		Current Loans		Total Loans		Loans 90 or more Days Past Due
Real Estate:
Land Development and Construction	$	392	$	—	$	392	$	95,751	$	96,143	$	—
Farmland		170		—		170		11,842		12,012		—
1-4 Family Mortgages		1,397		210		1,607		90,504		92,111		—
Commercial Real Estate		347		574		921		273,379		274,300		—
Total Real Estate Loans		2,306		784		3,090		471,476		474,566		—
Business Loans:
Commercial and Industrial Loans		190		266		456		87,556		88,012		—
Farm Production and Other Farm Loans		5		—		5		518		523		—
Total Business Loans		195		266		461		88,074		88,535		—
Consumer Loans:
Credit Cards		61		14		75		2,456		2,531		14
Other Consumer Loans		142		23		165		12,868		13,033		—
Total Consumer Loans		203		37		240		15,324		15,564		14
Total Loans	$	2,704	$	1,087	$	3,791	$	574,874	$	578,665	$	14

An aging analysis of past due loans, segregated by class, as of December 31, 2021 was as follows:

	Loans 30-89 Days Past Due		Loans 90 or more Days Past Due		Total Past Due Loans		Current Loans		Total Loans		Accruing Loans 90 or more Days Past Due
Real Estate:
Land Development and Construction	$	6	$	—	$	6	$	71,892	$	71,898	$	—
Farmland		130		33		163		12,951		13,114		—
1-4 Family Mortgages		1,678		292		1,970		96,555		98,525		140
Commercial Real Estate		157		570		727		280,512		281,239		—
Total Real Estate Loans		1,971		895		2,866		461,910		464,776		140
Business Loans:
Commercial and Industrial Loans		205		376		581		91,920		92,501		—
Farm Production and Other Farm Loans		3		—		3		618		621		—
Total Business Loans		208		376		584		92,538		93,122		—
Consumer Loans:
Credit Cards		35		12		47		1,916		1,963		12
Other Consumer Loans		76		2		78		11,908		11,986		2
Total Consumer Loans		111		14		125		13,824		13,949		14
Total Loans	$	2,290	$	1,285	$	3,575	$	568,272	$	571,847	$	154

Impaired Loans, Segregated by Class of Loans

Impaired loans as of September 30, 2022, segregated by class, were as follows:

	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
Real Estate:
Land Development and Construction	$	—	$	—	$	—	$	—	$	—	$	86
Farmland		30		30		—		30		—		32
1-4 Family Mortgages		343		343		—		343		—		555
Commercial Real Estate		1,075		913		—		913		—		1,022
Total Real Estate Loans		1,448		1,286		—		1,286		—	$	1,695
Business Loans:
Commercial and Industrial Loans		304		196		—		196		—	$	214
Total Business Loans		304		196		—		196		—	$	214
Total Loans	$	1,752	$	1,482	$	—	$	1,482	$	—	$	1,909

Impaired loans as of December 31, 2021, segregated by class, were as follows:

	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
Real Estate:
Land Development and Construction	$	171	$	171	$	—	$	171	$	—	$	240
Farmland		33		33		—		33		—		72
1-4 Family Mortgages		767		767		—		767		—		892
Commercial Real Estate		1,294		1,019		112		1,131		3		3,479
Total Real Estate Loans		2,265		1,990		112		2,102		3	$	4,683
Business Loans:
Commercial and Industrial Loans		304		72		160		232		36	$	323
Total Business Loans		304		72		160		232		36	$	323
Total Loans	$	2,569	$	2,062	$	272	$	2,334	$	39	$	5,006

Changes in Troubled Debt Restructurings

Changes in the Company’s troubled debt restructurings are set forth in the table below:

	Number of Loans		Recorded Investment
Totals at January 1, 2021		3	$	2,113
Reductions due to:
Principal paydowns				(112	)
Reclassification to OREO		2		(1,788	)
Totals at December 31, 2021		1	$	213
Reductions due to:
Principal paydowns				(73	)
Total at September 30, 2022		1	$	140

Detailed Amount of Gross Loans Segregated by Loan Grade and Class

The following table details the amount of gross loans, segregated by loan grade and class, as of September 30, 2022:

	Satisfactory 1,2,3,4		Special Mention 5,6		Substandard 7		Doubtful 8		Loss 9		Total Loans
Real Estate:
Land Development and Construction	$	94,219	$	1,620	$	304	$	—	$	—	$	96,143
Farmland		11,394		275		343		—		—		12,012
1-4 Family Mortgages		85,672		1,975		4,464		—		—		92,111
Commercial Real Estate		234,368		5,746		34,186		—		—		274,300
Total Real Estate Loans		425,653		9,616		39,297		—		—		474,566
Business Loans:
Commercial and Industrial Loans		86,664		751		597		—		—		88,012
Farm Production and Other Farm Loans		518		—		5		—		—		523
Total Business Loans		87,182		751		602		—		—		88,535
Consumer Loans:
Credit Cards		2,456		—		75		—		—		2,531
Other Consumer Loans		12,965		10		58		—		—		13,033
Total Consumer Loans		15,421		10		133		—		—		15,564
Total Loans	$	528,256	$	10,377	$	40,032	$	—	$	—	$	578,665

The following table details the amount of gross loans segregated by loan grade and class, as of December 31, 2021:

	Satisfactory 1,2,3,4		Special Mention 5,6		Substandard 7		Doubtful 8		Loss 9		Total Loans
Real Estate:
Land Development and Construction	$	69,758	$	1,547	$	593	$	—	$	—	$	71,898
Farmland		12,365		297		452		—		—		13,114
1-4 Family Mortgages		89,120		3,590		5,815		—		—		98,525
Commercial Real Estate		238,561		8,055		34,623		—		—		281,239
Total Real Estate Loans		409,804		13,489		41,483		—		—		464,776
Business Loans:
Commercial and Industrial Loans		85,138		1,483		5,877		—		3		92,501
Farm Production and Other Farm Loans		606		—		12		—		3		621
Total Business Loans		85,744		1,483		5,889		—		6		93,122
Consumer Loans:
Credit Cards		1,916		—		47		—		—		1,963
Other Consumer Loans		11,903		20		58		3		2		11,986
Total Consumer Loans		13,819		20		105		3		2		13,949
Total Loans	$	509,367	$	14,992	$	47,477	$	3	$	8	$	571,847