XML 27 R13.htm IDEA: XBRL DOCUMENT v3.22.4
Loans
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Loans
Loans
The Company originates commercial, industrial and real estate loans to businesses and faith-based ministries throughout the metropolitan St. Louis, Missouri area, Colorado Springs, Colorado and other selected cities in the United States. The Company does not have any particular concentration of credit in any one economic sector; however, a substantial portion of the commercial and industrial loans is extended to privately-held commercial companies and franchises in these market areas and are generally secured by the assets of the business. The Company also has a substantial portion of real estate loans secured by mortgages that are extended to faith-based ministries in its market area and selected cities in the United States.
A summary of loan categories is as follows:
December 31,
(In thousands)20222021
Commercial and industrial$561,616 $450,336 
Real estate:
Commercial:
Mortgage 108,166 108,759 
Construction 17,874 24,797 
Faith-based:
Mortgage 387,114 355,582 
Construction 8,094 14,664 
PPP — 6,299 
Other 42 130 
Total loans $1,082,906 $960,567 
The following table presents the aging of loans by loan categories at December 31, 2022:
PerformingNonperforming
(In thousands)Current30-59
Days		60-89
Days		90 Days
and
Over		Non-
accrual		Total
Loans
Commercial and industrial$560,466 $— $— $— $1,150 $561,616 
Real estate
Commercial:
Mortgage108,166 — — — — 108,166 
Construction17,874 — — — — 17,874 
Faith-based:
Mortgage387,114 — — — — 387,114 
Construction8,094 — — — — 8,094 
PPP— — — — — — 
Other42 — — — — 42 
Total$1,081,756 $— $— $— $1,150 $1,082,906 
The following table presents the aging of loans by loan categories at December 31, 2021:
PerformingNonperforming
(In thousands)Current30-59
Days		60-89
Days		90 Days
and
Over		Non-
accrual		Total
Loans
Commercial and industrial$450,336 $— $— $— $— $450,336 
Real estate
Commercial:
Mortgage108,759 — — — — 108,759 
Construction24,797 — — — — 24,797 
Faith-based:
Mortgage355,582 — — — — 355,582 
Construction14,664 — — — — 14,664 
PPP6,299 — — — — 6,299 
Other130 — — — — 130 
Total$960,567 $— $— $— $— $960,567 
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2022:
(In thousands)
Loans
Subject to
Normal
Monitoring(1)
Performing
Loans Subject to
Special
Monitoring(2)
Nonperforming
Loans Subject
to Special
Monitoring(2)
Total Loans
Commercial and industrial $549,241 $11,225 $1,150 $561,616 
Real estate
Commercial:
Mortgage 108,166 — — 108,166 
Construction 17,874 — — 17,874 
Faith-based:
Mortgage 386,169 945 — 387,114 
Construction 8,094 — — 8,094 
PPP — — — — 
Other42 — — 42 
Total $1,069,586 $12,170 $1,150 $1,082,906 
(1)Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk and have the apparent ability to satisfy their loan obligation.
(2)Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a higher level of management attention.
The Company had one loan that was considered an individually evaluated credit at December 31, 2022, with no specific allowance. This loan was paid off in full in January 2023.
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2021:
(In thousands)
Loans
Subject to
Normal
Monitoring(1)
Performing
Loans Subject to
Special
Monitoring(2)
Nonperforming
Loans Subject
to Special
Monitoring(2)
Total Loans
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 
PPP6,299 — — 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 and have the apparent ability to satisfy their loan obligation.
(2)Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a higher level of management attention.
The Company had no loans that were considered individually evaluated credits at December 31, 2021.
There were no loan modifications considered as troubled debt restructurings during the year ended December 31, 2022 and 2021.