LOANS |
NOTE 6 LOANS
Loans receivable
outstanding as of September 30, 2024, and December 31, 2023, are summarized as follows:
Schedule of loans receivable outstanding | |
| | | |
| | |
(Dollars in thousands) | |
September 30, 2024 | |
December 31, 2023 |
Real estate secured: | |
| | | |
| | |
Commercial | |
$ | 245,506 | | |
$ | 240,187 | |
Construction and land development | |
| 31,200 | | |
| 28,830 | |
Residential 1-4 family | |
| 232,233 | | |
| 238,233 | |
Multifamily | |
| 32,363 | | |
| 34,571 | |
Farmland | |
| 16,558 | | |
| 16,401 | |
Total real estate loans | |
| 557,860 | | |
| 558,222 | |
Commercial | |
| 56,678 | | |
| 53,230 | |
Agriculture | |
| 3,290 | | |
| 3,508 | |
Consumer installment loans | |
| 28,096 | | |
| 22,639 | |
All other loans | |
| 432 | | |
| 512 | |
Total loans | |
$ | 646,356 | | |
$ | 638,111 | |
Also included in
total loans above are deferred loan fees of $1.9 million and $1.8 million as of September 30, 2024 and December 31, 2023, respectively.
Deferred loan costs were $1.9 million and $2.0 million, as of September 30, 2024 and December 31, 2023, respectively. Income from net
deferred fees and costs is recognized over the lives of the respective loans as a yield adjustment. If loans repay prior to scheduled
maturities any unamortized fees or costs is recognized at that time.
Loans receivable
on nonaccrual status as of September 30, 2024, and December 31, 2023, are summarized as follows:
Schedule of loans receivable nonaccrual status |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September
30, 2024 |
|
December
31, 2023 |
|
|
|
|
With
No Allowance |
|
With
an Allowance |
|
Total |
|
With
No Allowance |
|
With
an Allowance |
|
Total |
(Dollars
in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
Real
estate secured: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
$ |
1,134 |
$ |
- |
$ |
1,134 |
$ |
544
|
$ |
268
|
$ |
812
|
|
Construction
and land development |
|
13 |
|
- |
|
13 |
|
- |
|
- |
|
- |
|
Residential
1-4 family |
|
2,654 |
|
- |
|
2,654 |
|
2,495
|
|
- |
|
2,495
|
|
Multifamily |
|
- |
|
172 |
|
172 |
|
199
|
|
- |
|
199
|
|
|
Total
real estate loans |
3,801 |
|
172 |
|
3,973 |
|
3,238
|
|
268
|
|
3,506
|
Commercial |
|
19 |
|
-
|
|
19 |
|
- |
|
- |
|
- |
Consumer
installment loans and other loans |
|
92 |
|
- |
|
92 |
|
28 |
|
- |
|
28 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
loans receivable on nonaccrual status |
$ |
3,912 |
$ |
172 |
$ |
4,084 |
$ |
3,266
|
$ |
268
|
$ |
3,534
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest income
(recognized), not recognized on nonaccrual loans for the three months ended September 30, 2024, and September 30, 2023, was ($18,000)
and $5,000, respectively. Total interest income not recognized on nonaccrual loans for the nine months ended September 30, 2024, and
September 30, 2023, was $51,000 and $33,000, respectively.
The Company evaluates
loans that do not share risk characteristics on an individual basis utilizing the collateral or discounted cash flow methods. The following
table presents the unpaid principal balance of collateral dependent loans, which are individually evaluated to determine expected credit
losses, and the related ACL allocated to those loans as of September 30, 2024 and December 31, 2023:
Schedule of summary of impaired loans |
|
|
|
|
|
|
|
|
|
|
|
|
September
30, 2024 |
|
December
31, 2023 |
|
|
|
|
Unpaid
Principal Balance |
|
Related
Allowance |
|
Unpaid
Principal Balance |
|
Related
Allowance |
(Dollars
in thousands) |
|
|
|
|
|
|
|
|
Real
estate secured: |
|
|
|
|
|
|
|
|
|
Commercial |
$ |
1,115 |
$ |
- |
$ |
812
|
$ |
64
|
|
Residential
1-4 family |
|
731 |
|
- |
|
312 |
|
- |
|
Multi-family |
|
172 |
|
93 |
|
- |
|
- |
Total
real estate loans |
|
2,018 |
|
93 |
|
1,124
|
|
64
|
Commercial |
|
13 |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
Total
|
$ |
2,031 |
$ |
93 |
$ |
1,124
|
$ |
64
|
|
|
|
|
|
|
|
|
|
|
|
The following table
is an age analysis of past due loans receivable as of September 30, 2024, segregated by class:
Schedule of analysis of past due loans receivable | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
September 30, 2024 (Dollars in thousands) | |
Loans 30-59 Days Past Due | |
Loans 60-89 Days Past Due | |
Loans 90 or More Days Past Due | |
Total Past Due Loans | |
Current Loans | |
Total Loans |
Real estate secured: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Commercial | |
$ | 605 | | |
$ | — | | |
$ | 873 | | |
$ | 1,478 | | |
$ | 244,028 | | |
$ | 245,506 | |
Construction and land development | |
| 11 | | |
| — | | |
| — | | |
| 11 | | |
| 31,189 | | |
| 31,200 | |
Residential 1-4 family | |
| 3,501 | | |
| 673 | | |
| 1,042 | | |
| 5,216 | | |
| 227,017 | | |
| 232,233 | |
Multifamily | |
| — | | |
| — | | |
| 172 | | |
| 172 | | |
| 32,191 | | |
| 32,363 | |
Farmland | |
| 166 | | |
| — | | |
| — | | |
| 166 | | |
| 16,392 | | |
| 16,558 | |
Total real estate loans | |
| 4,283 | | |
| 673 | | |
| 2,087 | | |
| 7,043 | | |
| 550,817 | | |
| 557,860 | |
Commercial | |
| 35 | | |
| 41 | | |
| — | | |
| 76 | | |
| 56,602 | | |
| 56,678 | |
Agriculture | |
| — | | |
| — | | |
| — | | |
| — | | |
| 3,290 | | |
| 3,290 | |
Consumer installment Loans | |
| 130 | | |
| 31 | | |
| 29 | | |
| 190 | | |
| 27,906 | | |
| 28,096 | |
All other loans | |
| — | | |
| — | | |
| — | | |
| — | | |
| 432 | | |
| 432 | |
Total loans | |
$ | 4,448 | | |
$ | 745 | | |
$ | 2,116 | | |
$ | 7,309 | | |
$ | 639,047 | | |
$ | 646,356 | |
The following
table is an age analysis of past due loans receivable as of December 31, 2023, segregated by class:
December
31, 2023 (Dollars
in thousands) | |
Loans
30-59 Days Past Due | |
Loans
60-89 Days Past Due | |
Loans
90 or More Days Past Due | |
Total
Past Due Loans | |
Current
Loans | |
Total
Loans |
Real
estate secured: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Commercial | |
$ | 878 | | |
$ | — | | |
$ | 268 | | |
$ | 1,146 | | |
$ | 239,041 | | |
$ | 240,187 | |
Construction
and land development | |
| 85 | | |
| 4 | | |
| — | | |
| 89 | | |
| 28,741 | | |
| 28,830 | |
Residential
1-4 family | |
| 2,628 | | |
| 1,119 | | |
| 886 | | |
| 4,633 | | |
| 233,600 | | |
| 238,233 | |
Multifamily | |
| — | | |
| — | | |
| 199 | | |
| 199 | | |
| 34,372 | | |
| 34,571 | |
Farmland | |
| — | | |
| — | | |
| — | | |
| — | | |
| 16,401 | | |
| 16,401 | |
Total
real estate loans | |
| 3,591 | | |
| 1,123 | | |
| 1,353 | | |
| 6,067 | | |
| 552,155 | | |
| 558,222 | |
Commercial | |
| — | | |
| 20 | | |
| — | | |
| 20 | | |
| 53,210 | | |
| 53,230 | |
Agriculture | |
| 8 | | |
| — | | |
| — | | |
| 8 | | |
| 3,500 | | |
| 3,508 | |
Consumer
installment Loans | |
| 140 | | |
| 11 | | |
| 1 | | |
| 152 | | |
| 22,487 | | |
| 22,639 | |
All
other loans | |
| — | | |
| — | | |
| — | | |
| — | | |
| 512 | | |
| 512 | |
Total
loans | |
$ | 3,739 | | |
$ | 1,154 | | |
$ | 1,354 | | |
$ | 6,247 | | |
$ | 631,864 | | |
$ | 638,111 | |
The Company categorizes
loans receivable into risk categories based on relevant information about the ability of borrowers to service their debt such as: current
financial information, historical payment experience, credit documentation, public information, and current economic trends, among other
factors. The Company analyzes loans individually by classifying the loans receivable as to credit risk. The Company uses the following
definitions for risk ratings:
Pass - Loans
in this category are considered to have a low likelihood of loss based on relevant information analyzed about the ability of the borrowers
to service their debt and other factors.
Special Mention
- Loans in this category are currently protected but are potentially weak, including adverse trends in borrower’s operations,
credit quality or financial strength. Those loans constitute an undue and unwarranted credit risk but not to the point of justifying
a substandard classification. The credit risk may be relatively minor yet constitute an unwarranted risk in light of the circumstances.
Special mention loans have potential weaknesses which may, if not checked or corrected, weaken the loan or inadequately protect
the Company’s credit position at some future date.
Substandard
- A substandard loan is inadequately protected by the current sound net worth and paying capacity of the
obligor or of the collateral pledged, if any. Loans classified as substandard must have a well-defined weakness or weaknesses that jeopardize
the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies
are not corrected.
Doubtful
- Loans classified doubtful have all the weaknesses
inherent in loans classified as substandard, plus the added characteristic that the weaknesses make collection or liquidation in full
on the basis of currently existing facts, conditions, and values highly questionable and improbable.
The following table presents the credit
risk grade of loans by origination year as of September 30, 2024:
Schedule of credit risk grade of loans | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
As of September 30, 2024 | |
| |
| |
| |
| |
| |
| |
| |
|
(Dollars are in thousands) | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
Prior | |
Revolving | |
Total |
Commercial real estate | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 15,582 | | |
$ | 48,106 | | |
$ | 44,428 | | |
$ | 47,760 | | |
$ | 27,781 | | |
$ | 59,101 | | |
$ | 1,603 | | |
$ | 244,361 | |
Special mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 9 | | |
| — | | |
| 9 | |
Substandard | |
| — | | |
| — | | |
| — | | |
| — | | |
| 313 | | |
| 823 | | |
| — | | |
| 1,136 | |
Total commercial real estate | |
$ | 15,582 | | |
$ | 48,106 | | |
$ | 44,428 | | |
$ | 47,760 | | |
$ | 28,094 | | |
$ | 59,933 | | |
$ | 1,603 | | |
$ | 245,506 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | (178 | ) | |
$ | — | | |
$ | — | | |
$ | (1 | ) | |
$ | (179 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Construction and Land Development | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 10,739 | | |
$ | 6,425 | | |
$ | 6,464 | | |
$ | 3,138 | | |
$ | 1,743 | | |
$ | 2,679 | | |
$ | — | | |
$ | 31,188 | |
Special mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Substandard | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 12 | | |
| — | | |
| 12 | |
Total construction and land development | |
$ | 10,739 | | |
$ | 6,425 | | |
$ | 6,464 | | |
$ | 3,138 | | |
$ | 1,743 | | |
$ | 2,691 | | |
$ | — | | |
$ | 31,200 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential 1-4 family | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 14,654 | | |
$ | 27,775 | | |
$ | 30,328 | | |
$ | 38,988 | | |
$ | 11,402 | | |
$ | 81,474 | | |
$ | 23,989 | | |
$ | 228,610 | |
Special mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 249 | | |
| — | | |
| 249 | |
Substandard | |
| 35 | | |
| 133 | | |
| — | | |
| 799 | | |
| 285 | | |
| 1,822 | | |
| 300 | | |
| 3,374 | |
Total residential 1-4 family | |
$ | 14,689 | | |
$ | 27,908 | | |
$ | 30,328 | | |
$ | 39,787 | | |
$ | 11,687 | | |
$ | 83,545 | | |
$ | 24,289 | | |
$ | 232,233 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current period gross charge-offs | |
$ | — | | |
$ | (38 | ) | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | (33 | ) | |
$ | — | | |
$ | (71 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Multifamily | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 958 | | |
$ | 4,862 | | |
$ | 10,415 | | |
$ | 6,894 | | |
$ | 2,536 | | |
$ | 6,525 | | |
$ | — | | |
$ | 32,190 | |
Special mention | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| — | |
Substandard | |
| — | | |
| 54 | | |
| — | | |
| — | | |
| — | | |
| 119 | | |
| — | | |
| 173 | |
Total multifamily | |
$ | 958 | | |
$ | 4,916 | | |
$ | 10,415 | | |
$ | 6,894 | | |
$ | 2,536 | | |
$ | 6,644 | | |
$ | — | | |
$ | 32,363 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Farmland | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 1,014 | | |
| 1,751 | | |
| 2,173 | | |
| 3,113 | | |
| 753 | | |
| 7,602 | | |
| — | | |
$ | 16,406 | |
Special mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 152 | | |
| — | | |
| 152 | |
Substandard | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| — | |
Total farmland | |
$ | 1,014 | | |
$ | 1,751 | | |
$ | 2,173 | | |
$ | 3,113 | | |
$ | 753 | | |
$ | 7,754 | | |
$ | — | | |
$ | 16,558 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Commercial | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 11,200 | | |
| 15,151 | | |
| 5,594 | | |
| 2,778 | | |
| 975 | | |
| 2,783 | | |
| 18,175 | | |
$ | 56,656 | |
Special mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 3 | | |
| — | | |
| 3 | |
Substandard | |
| — | | |
| — | | |
| 19 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 19 | |
Total commercial | |
$ | 11,200 | | |
$ | 15,151 | | |
$ | 5,613 | | |
$ | 2,778 | | |
$ | 975 | | |
$ | 2,786 | | |
$ | 18,175 | | |
$ | 56,678 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current period gross charge-offs | |
$ | — | | |
$ | (34 | ) | |
$ | (50 | ) | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | (68 | ) | |
$ | (152 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Agriculture | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 384 | | |
| 408 | | |
| 377 | | |
| 315 | | |
| 84 | | |
| 246 | | |
| 1,459 | | |
$ | 3,273 | |
Special mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Substandard | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 17 | | |
| — | | |
| 17 | |
Total agriculture | |
$ | 384 | | |
$ | 408 | | |
$ | 377 | | |
$ | 315 | | |
$ | 84 | | |
$ | 263 | | |
$ | 1,459 | | |
$ | 3,290 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Consumer and All Other | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 12,490 | | |
$ | 8,772 | | |
$ | 3,167 | | |
$ | 1,525 | | |
$ | 610 | | |
$ | 1,506 | | |
$ | 370 | | |
$ | 28,440 | |
Special mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Substandard | |
| 13 | | |
| 28 | | |
| 20 | | |
| 22 | | |
| 5 | | |
| — | | |
| — | | |
| 88 | |
Total consumer and all other | |
$ | 12,503 | | |
$ | 8,800 | | |
$ | 3,187 | | |
$ | 1,547 | | |
$ | 615 | | |
$ | 1,506 | | |
$ | 370 | | |
$ | 28,528 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current period gross charge-offs | |
$ | (127 | ) | |
$ | (49 | ) | |
$ | (6 | ) | |
$ | (7 | ) | |
$ | — | | |
$ | — | | |
$ | (24 | ) | |
$ | (213 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 67,069 | | |
$ | 113,465 | | |
$ | 102,985 | | |
$ | 105,332 | | |
$ | 46,487 | | |
$ | 165,122 | | |
$ | 45,896 | | |
$ | 646,356 | |
Total current period gross charge-offs | |
$ | (127 | ) | |
$ | (121 | ) | |
$ | (56 | ) | |
$ | (185 | ) | |
$ | — | | |
$ | (33 | ) | |
$ | (93 | ) | |
$ | (615 | ) |
The following table
presents the credit risk grade of loans by origination year as of December 31, 2023:
As of December 31, 2023 | |
| |
| |
| |
| |
| |
| |
| |
|
(Dollars
are in thousands) | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
Prior | |
Revolving | |
Total |
Commercial
real estate | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 46,616 | | |
$ | 49,061 | | |
$ | 48,943 | | |
$ | 28,651 | | |
$ | 20,004 | | |
$ | 43,524 | | |
$ | 997 | | |
$ | 237,796 | |
Special
mention | |
| — | | |
| — | | |
| 1,171 | | |
| 314 | | |
| — | | |
| 92 | | |
| — | | |
| 1,577 | |
Substandard | |
| — | | |
| — | | |
| — | | |
| — | | |
| 429 | | |
| 385 | | |
| — | | |
| 814 | |
Total
commercial real estate | |
$ | 46,616 | | |
$ | 49,061 | | |
$ | 50,114 | | |
$ | 28,965 | | |
$ | 20,433 | | |
$ | 44,001 | | |
$ | 997 | | |
$ | 240,187 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current
period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Construction
and Land Development | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 12,043 | | |
$ | 5,990 | | |
$ | 4,738 | | |
$ | 2,521 | | |
$ | 1,799 | | |
$ | 1,637 | | |
$ | — | | |
$ | 28,728 | |
Special
mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 102 | | |
| — | | |
| 102 | |
Substandard | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Total
construction and land development | |
$ | 12,043 | | |
$ | 5,990 | | |
$ | 4,738 | | |
$ | 2,521 | | |
$ | 1,799 | | |
$ | 1,739 | | |
$ | — | | |
$ | 28,830 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current
period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential
1-4 family | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 29,006 | | |
$ | 33,986 | | |
$ | 41,214 | | |
$ | 13,566 | | |
$ | 13,662 | | |
$ | 80,087 | | |
$ | 23,553 | | |
$ | 235,074 | |
Special
mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 259 | | |
| — | | |
| 259 | |
Substandard | |
| 87 | | |
| — | | |
| 49 | | |
| — | | |
| 38 | | |
| 2,662 | | |
| 64 | | |
| 2,900 | |
Total
residential 1-4 family | |
$ | 29,093 | | |
$ | 33,986 | | |
$ | 41,263 | | |
$ | 13,566 | | |
$ | 13,700 | | |
$ | 83,008 | | |
$ | 23,617 | | |
$ | 238,233 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current
period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | (30 | ) | |
$ | — | | |
$ | — | | |
$ | (21 | ) | |
$ | — | | |
$ | (51 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Multifamily | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 5,779 | | |
$ | 11,483 | | |
$ | 7,965 | | |
$ | 2,626 | | |
$ | 1,081 | | |
$ | 5,438 | | |
$ | — | | |
$ | 34,372 | |
Special
mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Substandard | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 199 | | |
| — | | |
| 199 | |
Total
multifamily | |
$ | 5,779 | | |
$ | 11,483 | | |
$ | 7,965 | | |
$ | 2,626 | | |
$ | 1,081 | | |
$ | 5,637 | | |
$ | — | | |
$ | 34,571 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current
period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Farmland | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 1,807 | | |
$ | 2,222 | | |
$ | 3,414 | | |
$ | 776 | | |
$ | 1,205 | | |
$ | 6,793 | | |
$ | — | | |
$ | 16,217 | |
Special
mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 184 | | |
| — | | |
| 184 | |
Substandard | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Total
farmland | |
$ | 1,807 | | |
$ | 2,222 | | |
$ | 3,414 | | |
$ | 776 | | |
$ | 1,205 | | |
$ | 6,977 | | |
$ | — | | |
$ | 16,401 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current
period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Commercial | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 19,306 | | |
$ | 10,228 | | |
$ | 5,638 | | |
$ | 1,591 | | |
$ | 2,167 | | |
$ | 1,342 | | |
$ | 12,777 | | |
$ | 53,049 | |
Special
mention | |
| 78 | | |
| 100 | | |
| — | | |
| — | | |
| — | | |
| 3 | | |
| — | | |
| 181 | |
Substandard | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Total
commercial | |
$ | 19,384 | | |
$ | 10,328 | | |
$ | 5,638 | | |
$ | 1,591 | | |
$ | 2,167 | | |
$ | 1,345 | | |
$ | 12,777 | | |
$ | 53,230 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current
period gross charge-offs | |
$ | — | | |
$ | (5 | ) | |
$ | (14 | ) | |
$ | — | | |
$ | (26 | ) | |
$ | — | | |
$ | — | | |
$ | (45 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Agriculture | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 565 | | |
$ | 518 | | |
$ | 347 | | |
$ | 127 | | |
$ | 67 | | |
$ | 649 | | |
$ | 1,217 | | |
$ | 3,490 | |
Special
mention | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
Substandard | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 18 | | |
| — | | |
| 18 | |
Total
agriculture | |
$ | 565 | | |
$ | 518 | | |
$ | 347 | | |
$ | 127 | | |
$ | 67 | | |
$ | 667 | | |
$ | 1,217 | | |
$ | 3,508 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current
period gross charge-offs | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | (59 | ) | |
$ | — | | |
$ | (59 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Consumer
and All Other | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Pass | |
$ | 12,352 | | |
$ | 4,822 | | |
$ | 2,408 | | |
$ | 864 | | |
$ | 594 | | |
$ | 761 | | |
$ | 1,339 | | |
$ | 23,140 | |
Special
mention | |
| — | | |
| 1 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 1 | |
Substandard | |
| 4 | | |
| — | | |
| 1 | | |
| 3 | | |
| 1 | | |
| 1 | | |
| — | | |
| 10 | |
Total
consumer and all other | |
$ | 12,356 | | |
$ | 4,823 | | |
$ | 2,409 | | |
$ | 867 | | |
$ | 595 | | |
$ | 762 | | |
$ | 1,339 | | |
$ | 23,151 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Current
period gross charge-offs | |
$ | (198 | ) | |
$ | (49 | ) | |
$ | (13 | ) | |
$ | — | | |
$ | — | | |
$ | (2 | ) | |
$ | (59 | ) | |
$ | (321 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 127,643 | | |
$ | 118,411 | | |
$ | 115,888 | | |
$ | 51,039 | | |
$ | 41,047 | | |
$ | 144,136 | | |
$ | 39,947 | | |
$ | 638,111 | |
Total
current period gross charge-offs | |
$ | (198 | ) | |
$ | (54 | ) | |
$ | (57 | ) | |
$ | — | | |
$ | (26 | ) | |
$ | (82 | ) | |
$ | (59 | ) | |
$ | (476 | ) |
|