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LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Schedule of Loan Portfolio Excluding Loans Held for Sale
The Company’s loan portfolio consists of the following categories of loans as of the dates presented (dollars in thousands).
December 31,
20202019
Construction and development$206,011 $197,797 
1-4 Family339,525 321,489 
Multifamily60,724 60,617 
Farmland26,547 27,780 
Commercial real estate812,395 731,060 
Total mortgage loans on real estate1,445,202 1,338,743 
Commercial and industrial394,497 323,786 
Consumer20,619 29,446 
Total loans$1,860,318 $1,691,975 
Schedule of Aging Analysis of Loans
The tables below provide an analysis of the aging of loans as of the dates presented (dollars in thousands).
December 31, 2020
Accruing
Current30-59 Days Past Due60-89 Days Past Due90 Days or More Past DueNonaccrualTotal Past
Due &
Nonaccrual		Acquired Impaired LoansTotal Loans
Construction and development$205,002 $488 $— $— $521 $1,009 $— $206,011 
1-4 Family335,710 1,085 734 — 1,615 3,434 381 339,525 
Multifamily60,724 — — — — — — 60,724 
Farmland24,333 297 — 216 — 513 1,701 26,547 
Commercial real estate807,243 1,472 118 — 1,771 3,361 1,791 812,395 
Total mortgage loans on real estate1,433,012 3,342 852 216 3,907 8,317 3,873 1,445,202 
Commercial and industrial386,607 359 273 105 6,907 7,644 246 394,497 
Consumer20,135 79 21 — 346 446 38 20,619 
Total loans$1,839,754 $3,780 $1,146 $321 $11,160 $16,407 $4,157 $1,860,318 
December 31, 2019
Accruing
Current30-59 Days Past Due60-89 Days Past Due90 Days or More Past DueNonaccrualTotal Past
Due &
Nonaccrual		Acquired Impaired LoansTotal Loans
Construction and development$197,318 $133 $32 $— $314 $479 $— $197,797 
1-4 Family317,572 998 413 138 1,923 3,472 445 321,489 
Multifamily60,617 — — — — — — 60,617 
Farmland25,516 — — — — — 2,264 27,780 
Commercial real estate727,423 1,193 14 657 141 2,005 1,632 731,060 
Total mortgage loans on real estate1,328,446 2,324 459 795 2,378 5,956 4,341 1,338,743 
Commercial and industrial323,446 171 19 — 137 327 13 323,786 
Consumer28,443 339 95 — 531 965 38 29,446 
Total loans$1,680,335 $2,834 $573 $795 $3,046 $7,248 $4,392 $1,691,975 
Summary of the Company's Loan Portfolio by Credit Quality Indicator
The tables below present a summary of the Company’s loan portfolio by category and credit quality indicator as of the dates presented (dollars in thousands).
December 31, 2020
PassSpecial
Mention		SubstandardDoubtfulTotal
Construction and development$198,139 $7,352 $520 $— $206,011 
1-4 Family337,829 — 1,696 — 339,525 
Multifamily60,724 — — — 60,724 
Farmland24,846 — 1,701 — 26,547 
Commercial real estate801,244 4,729 6,422 — 812,395 
Total mortgage loans on real estate1,422,782 12,081 10,339 — 1,445,202 
Commercial and industrial379,451 4,794 9,343 909 394,497 
Consumer20,235 — 384 — 20,619 
Total loans$1,822,468 $16,875 $20,066 $909 $1,860,318 
December 31, 2019
PassSpecial
Mention		SubstandardDoubtfulTotal
Construction and development$196,873 $610 $314 $— $197,797 
1-4 Family318,549 714 2,198 28 321,489 
Multifamily60,617 — — — 60,617 
Farmland25,516 — 2,264 — 27,780 
Commercial real estate729,921 — 1,139 — 731,060 
Total mortgage loans on real estate1,331,476 1,324 5,915 28 1,338,743 
Commercial and industrial318,519 2,910 2,264 93 323,786 
Consumer28,775 128 543 — 29,446 
Total loans$1,678,770 $4,362 $8,722 $121 $1,691,975 
Schedule of Aggregate Amount of Loans to Related Parties
The table below shows the aggregate principal balance of loans to such related parties for the years ended December 31, 2020 and 2019 (dollars in thousands).
December 31,
20202019
Balance, beginning of period$98,093 $93,021 
New loans/changes in relationship12,443 20,903 
Repayments/changes in relationship(14,146)(15,831)
Balance, end of period$96,390 $98,093 
Summary of Allowance for Loan Losses
The table below shows a summary of the activity in the allowance for loan losses for the years ended December 31, 2020, 2019 and 2018 (dollars in thousands).
December 31,
202020192018
Balance, beginning of period$10,700 $9,454 $7,891 
Provision for loan losses11,160 1,908 2,570 
Loans charged-off(1,754)(800)(1,185)
Recoveries257 138 178 
Balance, end of period$20,363 $10,700 $9,454 
Allowance for Loan Loss Activity by Collateral Type
The following tables outline the activity in the allowance for loan losses by collateral type for the years ended December 31, 2020, 2019 and 2018, and show both the allowance and portfolio balances for loans individually and collectively evaluated for impairment as of December 31, 2020, 2019 and 2018 (dollars in thousands).
December 31, 2020
Construction &
Development		Farmland1-4 FamilyMultifamilyCommercial
Real Estate		Commercial &
Industrial		ConsumerTotal
Allowance for loan losses:
Beginning balance$1,201 $101 $1,490 $387 $4,424 $2,609 $488 $10,700 
Charge-offs— — (173)— (51)(1,195)(335)(1,754)
Recoveries47 — 74 — 8 50 78 257 
Provision1,127 334 1,979 202 4,115 3,094 309 11,160 
Ending balance$2,375 $435 $3,370 $589 $8,496 $4,558 $540 $20,363 
Ending allowance balance for loans individually evaluated for impairment— — — — — 80 130 210 
Ending allowance balance for loans acquired with deteriorated credit quality— 210 — — — — — 210 
Ending allowance balance for loans collectively evaluated for impairment2,375 225 3,370 589 8,496 4,478 410 19,943 
Loans receivable:
Balance of loans individually evaluated for impairment782 — 2,280 — 6,666 9,102 347 19,177 
Balance of loans acquired with deteriorated credit quality— 1,701 381 — 1,791 246 38 4,157 
Balance of loans collectively evaluated for impairment205,229 24,846 336,864 60,724 803,938 385,149 20,234 1,836,984 
Total period-end balance$206,011 $26,547 $339,525 $60,724 $812,395 $394,497 $20,619 $1,860,318 
December 31, 2019
Construction &
Development		Farmland1-4 FamilyMultifamilyCommercial
Real Estate		Commercial &
Industrial		ConsumerTotal
Allowance for loan losses:
Beginning balance$1,038 $81 $1,465 $331 $4,182 $1,641 $716 $9,454 
Charge-offs(51)— (62)— (24)(252)(411)(800)
Recoveries27 — 27 — 1 26 57 138 
Provision187 20 60 56 265 1,194 126 1,908 
Ending balance$1,201 $101 $1,490 $387 $4,424 $2,609 $488 $10,700 
Ending allowance balance for loans individually evaluated for impairment— — — — — — 141 141 
Ending allowance balance for loans acquired with deteriorated credit quality— — — — — — — — 
Ending allowance balance for loans collectively evaluated for impairment1,201 101 1,490 387 4,424 2,609 347 10,559 
Loans receivable:
Balance of loans individually evaluated for impairment247 — 1,662 — 47 93 498 2,547 
Balance of loans acquired with deteriorated credit quality— 2,264 445 — 1,632 13 38 4,392 
Balance of loans collectively evaluated for impairment197,550 25,516 319,382 60,617 729,381 323,680 28,910 1,685,036 
Total period-end balance$197,797 $27,780 $321,489 $60,617 $731,060 $323,786 $29,446 $1,691,975 
December 31, 2018
Construction &
Development		Farmland1-4 FamilyMultifamilyCommercial
Real Estate		Commercial &
Industrial		ConsumerTotal
Allowance for loan losses:
Beginning balance$945 $60 $1,287 $332 $3,599 $693 $975 $7,891 
Charge-offs(24)— (167)— — (481)(513)(1,185)
Recoveries12 — 29 — — 55 82 178 
Provision105 21 316 (1)583 1,374 172 2,570 
Ending balance$1,038 $81 $1,465 $331 $4,182 $1,641 $716 $9,454 
Ending allowance balance for loans individually evaluated for impairment— — — — — — 236 236 
Ending allowance balance for loans acquired with deteriorated credit quality— — — — — — — — 
Ending allowance balance for loans collectively evaluated for impairment1,038 81 1,465 331 4,182 1,641 480 9,218 
Loans receivable:
Balance of loans individually evaluated for impairment339 — 1,177 — 761 76 916 3,269 
Balance of loans acquired with deteriorated credit quality13 2,264 490 — 2,011 1,195 44 6,017 
Balance of loans collectively evaluated for impairment157,594 19,092 285,470 50,501 624,232 209,653 44,997 1,391,539 
Total period-end balance$157,946 $21,356 $287,137 $50,501 $627,004 $210,924 $45,957 $1,400,825 
Schedule of Aging Analysis of Loans
The following tables contain information on the Company’s impaired loans, which include TDRs, discussed in more detail below, and nonaccrual loans individually evaluated for impairment for purposes of determining the allowance for loan losses. The average balances are calculated based on the month-end balances of the loans during the period reported (dollars in thousands).
As of and for the year ended December 31, 2020
Recorded
Investment		Unpaid
Principal
Balance		Related
Allowance		Average
Recorded
Investment		Interest
Income
Recognized
With no related allowance recorded:
Construction and development$782 $800 $— $887 $13 
1-4 Family2,280 2,353 — 2,172 26 
Commercial real estate6,666 6,721 — 3,456 126 
Total mortgage loans on real estate9,728 9,874 — 6,515 165 
Commercial and industrial8,841 9,953 — 4,614 31 
Consumer126 143 — 227 1 
Total18,695 19,970 — 11,356 197 
With related allowance recorded:
Commercial and industrial261 260 80 22 — 
Consumer221 265 130 256 1 
Total482 525 210 278 1 
Total loans:
Construction and development782 800 — 887 13 
1-4 Family2,280 2,353 — 2,172 26 
Commercial real estate6,666 6,721 — 3,456 126 
Total mortgage loans on real estate9,728 9,874 — 6,515 165 
Commercial and industrial9,102 10,213 80 4,636 31 
Consumer347 408 130 483 2 
Total$19,177 $20,495 $210 $11,634 $198 
As of and for the year ended December 31, 2019
Recorded
Investment		Unpaid
Principal
Balance		Related
Allowance		Average
Recorded
Investment		Interest
Income
Recognized
With no related allowance recorded:
Construction and development$247 $269 $— $328 $14 
1-4 Family1,662 1,745 — 1,507 32 
Multifamily— — — 36 — 
Commercial real estate47 50 — 700 7 
Total mortgage loans on real estate1,956 2,064 — 2,571 53 
Commercial and industrial93 96 — 33 — 
Consumer188 205 — 328 — 
Total2,237 2,365 — 2,932 53 
With related allowance recorded:
Consumer310 347 141 324 — 
Total310 347 141 324 — 
Total loans:
Construction and development247 269 — 328 14 
1-4 Family1,662 1,745 — 1,507 32 
Multifamily— — — 36 — 
Commercial real estate47 50 — 700 7 
Total mortgage loans on real estate1,956 2,064 — 2,571 53 
Commercial and industrial93 96 — 33 — 
Consumer498 552 141 652 — 
Total$2,547 $2,712 $141 $3,256 $53 
As of and for the year ended December 31, 2018
Recorded
Investment		Unpaid
Principal
Balance		Related
Allowance		Average
Recorded
Investment		Interest
Income
Recognized
With no related allowance recorded:
Construction and development$339 $359 $— $237 $13 
1-4 Family1,177 1,180 — 1,455 39 
Commercial real estate761 777 — 878 20 
Total mortgage loans on real estate2,277 2,316 — 2,570 72 
Commercial and industrial76 77 — 278 — 
Consumer215 237 — 410 — 
Total2,568 2,630 — 3,258 72 
With related allowance recorded:
Consumer701 738 236 588 — 
Total701 738 236 588 — 
Total loans:
Construction and development339 359 — 237 13 
1-4 Family1,177 1,180 — 1,455 39 
Commercial real estate761 777 — 878 20 
Total mortgage loans on real estate2,277 2,316 — 2,570 72 
Commercial and industrial76 77 — 278 — 
Consumer916 975 236 998 — 
Total$3,269 $3,368 $236 $3,846 $72 
Summary of TDR Pre- and Post-modification Outstanding Recorded Investments by Loan Categories
The table below presents the TDR pre- and post-modification outstanding recorded investments by loan categories for loans modified during the years ended December 31, 2020 and 2019 (dollars in thousands).
December 31, 2020December 31, 2019
Troubled debt restructuringsNumber of
Contracts		Pre-
Modification
Outstanding
Recorded
Investment		Post-
Modification
Outstanding
Recorded
Investment		Number of
Contracts		Pre-
Modification
Outstanding
Recorded
Investment		Post-
Modification
Outstanding
Recorded
Investment
Construction and development1$64 $64 —$— $— 
Commercial Real Estate85,833 5,833 —— — 
Commercial and industrial97,729 7,729 —— — 
  $13,626 $13,626  $— $— 
Summary of Accruing and Nonaccrual TDRs and Related Loan Losses by Portfolio Type
The following is a summary of accruing and nonaccrual TDRs and the related loan losses by portfolio type as of the dates presented (dollars in thousands).
TDRs
AccruingNonaccrualTotalRelated
Allowance
December 31, 2020
Construction and development$262 $— $262 $— 
1-4 Family665 161 826 — 
Commercial real estate4,895 938 5,833 — 
Commercial and industrial2,195 5,534 7,729 — 
Total$8,017 $6,633 $14,650 $— 
December 31, 2019
Construction and development$220 $287 $507 $— 
1-4 Family800 176 976 — 
Total$1,020 $463 $1,483 $— 
Summary of Average Recorded Investment and Interest Income Recognized for TDRs
The table below includes the average recorded investment and interest income recognized for TDRs for the years ended December 31, 2020, 2019 and 2018 (dollars in thousands).
TDRs
Average Recorded InvestmentInterest Income Recognized
December 31, 2020
Construction and development$438 $14 
1-4 Family936 35 
Commercial real estate2,778 126 
Commercial and industrial1,075 53 
Total$5,227 $228 
December 31, 2019
Construction and development$515 $14 
1-4 Family1,014 51 
Commercial real estate264 7 
Commercial and industrial2 — 
Total$1,795 $72 
December 31, 2018
Construction and development$308 $13 
1-4 Family948 45 
Commercial real estate553 20 
Commercial and industrial8 — 
Consumer2 — 
Total$1,819 $78