Loans by Type (Tables)

3 Months Ended

Mar. 31, 2022

Receivables [Abstract]

Summary of Loan Categories

A summary of loans is as follows:

(In thousands)	March 31, 2022		December 31, 2021
Commercial and industrial	$	469,129	$	450,336
Real estate:
Commercial:
Mortgage	101,018		108,759
Construction	24,757		24,797
Faith-based:
Mortgage	367,376		355,582
Construction	13,512		14,664
Paycheck Protection Program (“PPP”)	1,373		6,299
Other	37		130
Total loans	$	977,202	$	960,567

Schedule of Debt [Table Text Block]

The following table presents the aging of loans past due by category at March 31, 2022 and December 31, 2021:

	Performing						Nonperforming
(In thousands)	Current		30-59 Days		60-89 Days		90 Days and Over		Non- accrual		Total Loans
March 31, 2022
Commercial and industrial	$	469,129	$	—	$	—	$	—	$	—	$	469,129
Real estate
Commercial:
Mortgage	101,018		—		—		—		—		101,018
Construction	24,757		—		—		—		—		24,757
Faith-based:
Mortgage	367,376		—		—		—		—		367,376
Construction	13,512		—		—		—		—		13,512
PPP	1,373		—		—		—		—		1,373
Other	37		—		—		—		—		37
Total	$	977,202	$	—	$	—	$	—	$	—	$	977,202
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
Other	130		—		—		—		—		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 March 31, 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
March 31, 2022
Commercial and industrial	$	466,946	$	2,183	$	—	$	469,129
Real estate
Commercial:
Mortgage	100,472		546		—		101,018
Construction	24,757		—		—		24,757
Faith-based:
Mortgage	366,397		979		—		367,376
Construction	13,512		—		—		13,512
PPP	1,373		—		—		1,373
Other	37		—		—		37
Total	$	973,494	$	3,708	$	—	$	977,202
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
Other	130		—		—		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 March 31, 2022 and December 31, 2021 is as follows:

(In thousands)	C&I		CRE		Faith-based CRE		Construction		Total
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 (release of) credit losses	245		(55)		180		(5)		365
Recoveries	—		—		—		—		—
Balance at March 31, 2022	$	5,279	$	976	$	5,864	$	287	$	12,406