The Company originates commercial, industrial and real estate loans to businesses and faith-based ministries throughout the metropolitan St. Louis, Missouri area, Orange County, California, 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)	2020		2019
Commercial and industrial	$	298,984	$	323,857
Real estate:
Commercial:
Mortgage		100,419		101,654
Construction		25,090		25,299
Faith-based:
Mortgage		333,661		305,826
Construction		23,818		15,945
PPP		109,704		─
Other		─		57
Total loans	$	891,676	$	772,638

The following table presents the aging of loans by loan categories at December 31, 2020:

	Performing						Nonperforming
(In thousands)	Current		30-59 Days		60-89 Days		90 Days and Over		Non- accrual		Total Loans
Commercial and industrial	$	298,984	$	—	$	—	$	—	$	—	$	298,984
Real estate
Commercial:
Mortgage		100,419		—		—		—		—		100,419
Construction		25,090		—		—		—		—		25,090
Faith-based:
Mortgage		333,661		—		—		—		—		333,661
Construction		23,818		—		—		—		—		23,818
PPP		109,704		—		—		—		—		109,704
Total	$	891,676	$	—	$	—	$	—	$	—	$	891,676

The following table presents the aging of loans by loan categories at December 31, 2019:

	Performing						Nonperforming
(In thousands)	Current		30-59 Days		60-89 Days		90 Days and Over		Non- accrual		Total Loans
Commercial and industrial	$	323,857	$	—	$	—	$	—	$	—	$	323,857
Real estate
Commercial:
Mortgage		101,654		—		—		—		—		101,654
Construction		25,299		—		—		—		—		25,299
Faith-based:
Mortgage		305,826		—		—		—		—		305,826
Construction		15,945		—		—		—		—		15,945
Other		57		—		—		—		—		57
Total	$	772,638	$	—	$	—	$	—	$	—	$	772,638

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The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2020:

(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	$	284,882	$	14,102	$	—	$	298,984
Real estate
Commercial:
Mortgage		99,044		1,375		—		100,419
Construction		25,090		—		—		25,090
Faith-based:
Mortgage		330,554		3,107		—		333,661
Construction		23,818		—		—		23,818
PPP		109,704		—		—		109,704
Total	$	873,092	$	18,584	$	—	$	891,676

⁽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 obligation.
⁽²⁾	Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

The Company had one loan that was considered impaired in the amount of $2,500,000 at December 31, 2020. This loan was individually evaluated for impairment, resulting in a specific allowance for credit loss of $500,000.

The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2019:

(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	$	321,554	$	2,303	$	—	$	323,857
Real estate
Commercial:
Mortgage		100,346		1,308		—		101,654
Construction		25,299		—		—		25,299
Faith-based:
Mortgage		304,513		1,313		—		305,826
Construction		15,945		—		—		15,945
Other		57		—		—		57
Total	$	767,714	$	4,924	$	—	$	772,638

⁽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 obligation.
⁽²⁾	Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

The recorded investment by category for loans considered as troubled debt restructuring during the year ended December 31, 2020 is as follows:

(In thousands)	Number of Loans		Pre-Modification Outstanding Balance		Post-Modification Outstanding Balance
Commercial and industrial		1	$	8,773	$	8,773
Faith-based real estate		1		1,029		1,029
Total		2	$	9,802	$	9,802

During the year ended December 31, 2020, two loans were restructured to change the amortization schedule to reduce payments from the borrowers while the contractual interest rate remained unchanged. These loans did not have a specific allowance for credit loss allocated to them at December 31, 2020. There were no loans restructured for the year ended December 31, 2019. There were no loans restructured that subsequently defaulted during the years ended December 31, 2020 or 2019.

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A summary of the ACL by category for the period ended December 31, 2020 is as follows:

(In thousands)	C&I			CRE			Faith-based CRE		Construction		Total
Allowance for credit losses on loans:
Balance at December 31, 2019	$	4,874		$	1,528		$	3,842	$	312	$	10,556
Cumulative effect of accounting change (ASU 2016-13)		(526	)		(401	)		1,636		14		723
Balance at January 1, 2020		4,348			1,127			5,478		326		11,279
Provision for credit losses		268			48			238		91		645
Recoveries		19			—			1		—		20
Balance at December 31, 2020	$	4,635		$	1,175		$	5,717	$	417	$	11,944

The increase in the provision for credit losses on loans during the year ended December 31, 2020 is due to the Company’s forecast of macroeconomic factors, which decreased during 2020, primarily due to the COVID-19 pandemic.

A summary of the activity in the allowance for loan losses for the period ended December 31, 2019 is as follows:

(In thousands)	December 31, 2018		Charge- Offs		Recoveries		Provision			December 31, 2019
Commercial and industrial	$	4,360	$	—	$	81	$	433		$	4,874
Real estate
Commercial:
Mortgage		1,478		—		—		50			1,528
Construction		93		—		—		98			191
Faith-based:
Mortgage		4,132		—		—		(290	)		3,842
Construction		162		—		—		(41	)		121
Total	$	10,225	$	—	$	81	$	250		$	10,556

As of December 31, 2020 and 2019, there were loans totaling $161,475 and $167,429, respectively, to affiliates of executive officers or directors.