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Loans by Type (Tables)
6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Summary of Loan Categories
A summary of loans is as follows:
(In thousands)June 30,
2022
December 31,
2021
Commercial and industrial $464,684 $450,336 
Real estate:
Commercial:
Mortgage 99,081 108,759 
Construction 25,117 24,797 
Faith-based:
Mortgage 355,073 355,582 
Construction 14,508 14,664 
Paycheck Protection Program (“PPP”) 996 6,299 
Other28 130 
Total loans $959,487 $960,567 
Schedule of Debt
The following table presents the aging of loans past due by category at June 30, 2022 and December 31, 2021:
PerformingNonperforming
(In thousands)Current30-59
Days
60-89
Days
90
Days
and
Over
Non-
accrual
Total
Loans
June 30, 2022
Commercial and industrial $464,684 $— $— $— $— $464,684 
Real estate
Commercial:
Mortgage 99,081 — — — — 99,081 
Construction 25,117 — — — — 25,117 
Faith-based:
Mortgage 355,073 — — — — 355,073 
Construction 14,508 — — — — 14,508 
PPP 996 — — — — 996 
Other28 — — — — 28 
Total $959,487 $— $— $— $— $959,487 
December 31, 2021
Commercial and industrial $450,336 $— $— $— $— $450,336 
Real estate
Commercial:
Mortgage 108,759 — — — — 108,759 
Construction 24,797 — — — — 24,797 
Faith-based:
Mortgage 355,582 — — — — 355,582 
Construction 14,664 — — — — 14,664 
PPP 6,299 — — — — 6,299 
Other130 — — — — 130 
Total $960,567 $— $— $— $— $960,567 
Schedule of Credit Exposure of the Loan Portfolio
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of June 30, 2022 and December 31, 2021:
(In thousands)
Loans
Subject to
Normal
Monitoring1
Performing
Loans Subject
to Special
Monitoring2
Nonperforming
Loans Subject
to Special
Monitoring2
Total Loans
June 30, 2022
Commercial and industrial $461,304 $3,380 $— $464,684 
Real estate
Commercial:
Mortgage 98,542 539 — 99,081 
Construction 25,117 — — 25,117 
Faith-based:
Mortgage 354,105 968 — 355,073 
Construction 14,508 — — 14,508 
PPP 996 — — 996 
Other28 — — 28 
Total $954,600 $4,887 $— $959,487 
December 31, 2021
Commercial and industrial $440,607 $9,729 $— $450,336 
Real estate
Commercial:
Mortgage 108,759 — — 108,759 
Construction 24,797 — — 24,797 
Faith-based:
Mortgage 352,717 2,865 — 355,582 
Construction 14,664 — — 14,664 
PPP 6,299 — — 6,299 
Other130 — — 130 
Total $947,973 $12,594 $— $960,567 
1 Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations.
2 Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.
Summary of ACL by Category
A summary of the activity in allowance for credit losses (“ACL”) by category for the periods ended June 30, 2022 and December 31, 2021 is as follows:
(In thousands)C&ICREFaith-based
CRE
ConstructionTotal
Balance at December 31, 2020
$4,635 $1,175 $5,717 $417 $11,944 
Provision for (release of) credit losses 387 (144)(48)(125)70 
Recoveries 12 — 15 — 27 
Balance at December 31, 2021
$5,034 $1,031 $5,684 $292 $12,041 
Provision for credit losses 385 42 88 520 
Recoveries 12 — — — 12 
Balance at June 30, 2022
$5,431 $1,073 $5,772 $297 $12,573