Loans (Tables)
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3 Months Ended |
Mar. 31, 2021 |
Loans |
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Schedule of loans outstanding |
(dollars in thousands) | | 2021 | | | 2020 | | Construction/Land Development | | $ | 69,292 | | | $ | 71,467 | | Farmland | | | 58,384 | | | | 53,728 | | Real Estate | | | 154,879 | | | | 163,018 | | Multi-Family | | | 4,203 | | | | 5,918 | | Commercial Real Estate | | | 137,259 | | | | 142,516 | | Home Equity – closed end | | | 7,640 | | | | 8,476 | | Home Equity – open end | | | 45,215 | | | | 46,613 | | Commercial & Industrial – Non-Real Estate | | | 75,495 | | | | 65,470 | | Consumer | | | 8,002 | | | | 9,405 | | Dealer Finance | | | 96,370 | | | | 91,861 | | Credit Cards | | | 2,634 | | | | 2,857 | | Total | | $ | 659,373 | | | $ | 661,329 | |
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Summary of information pertaining to impaired loans |
| | March 31, 2021 | | | December 31, 2020 | | | | | | | Unpaid | | | | | | | | | Unpaid | | | | | | | Recorded | | | Principal | | | Related | | | Recorded | | | Principal | | | Related | | | | Investment(1) | | | Balance | | | Allowance | | | Investment | | | Balance | | | Allowance | | Impaired loans without a valuation allowance: | | | | | | | | | | | | | | | | | | | Construction/Land Development | | $ | 1,779 | | | $ | 1,779 | | | $ | - | | | $ | 1,693 | | | $ | 1,693 | | | $ | - | | Farmland | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | Real Estate | | | 9,519 | | | | 9,519 | | | | - | | | | 6,648 | | | | 6,648 | | | | - | | Multi-Family | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | Commercial Real Estate | | | 9,588 | | | | 9,588 | | | | - | | | | 8,592 | | | | 8,656 | | | | - | | Home Equity – closed end | | | 678 | | | | 678 | | | | - | | | | 687 | | | | 687 | | | | - | | Home Equity – open end | | | - | | | | - | | | | - | | | | 151 | | | | 151 | | | | - | | Commercial & Industrial – Non-Real Estate | | | 5 | | | | 5 | | | | - | | | | 8 | | | | 8 | | | | - | | Consumer | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | Credit cards | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | Dealer Finance | | | 13 | | | | 13 | | | | - | | | | 8 | | | | 8 | | | | - | | | | | 21,582 | | | | 21,582 | | | | - | | | | 17,787 | | | | 17,851 | | | | - | | Impaired loans with a valuation allowance | | | | | | | | | | | | | | | | | | | | | | | | | Construction/Land Development | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | Farmland | | | 1,678 | | | | 1,678 | | | | 1 | | | | 1,737 | | | | 1,737 | | | | 370 | | Real Estate | | | 1,624 | | | | 1,624 | | | | 339 | | | | 7,143 | | | | 7,143 | | | | 365 | | Multi-Family | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | Commercial Real Estate | | | 7,110 | | | | 7,110 | | | | 1,884 | | | | 7,464 | | | | 7,464 | | | | 1,833 | | Home Equity – closed end | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | Home Equity – open end | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | Commercial & Industrial – Non-Real Estate | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | Consumer | | | - | | | | - | | | | - | | | | 1 | | | | 1 | | | | 1 | | Credit cards | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | | Dealer Finance | | | 132 | | | | 132 | | | | 14 | | | | 147 | | | | 147 | | | | 15 | | | | | 10,544 | | | | 10,544 | | | | 2,238 | | | | 16,492 | | | | 16,492 | | | | 2,584 | | Total impaired loans | | $ | 32,126 | | | $ | 32,126 | | | $ | 2,238 | | | $ | 34,279 | | | $ | 34,343 | | | $ | 2,584 | |
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Summary of the average investment and interest income |
| | March 31, 2021 | | | December 31, 2020 | | | | Average Recorded | | | Interest Income | | | Average Recorded | | | Interest Income | | | | Investment | | | Recognized | | | Investment | | | Recognized | | Impaired loans without a valuation allowance: | | | | | | | | | | | | | Construction/Land Development | | $ | 1,736 | | | $ | 13 | | | $ | 1,598 | | | $ | 103 | | Farmland | | | - | | | | - | | | | - | | | | - | | Real Estate | | | 8,084 | | | | 139 | | | | 5,520 | | | | 356 | | Multi-Family | | | - | | | | - | | | | - | | | | - | | Commercial Real Estate | | | 9,429 | | | | 21 | | | | 3,296 | | | | 229 | | Home Equity – closed end | | | 344 | | | | - | | | | 522 | | | | 34 | | Home Equity – open end | | | 76 | | | | - | | | | 38 | | | | 7 | | Commercial & Industrial – Non-Real Estate | | | 7 | | | | - | | | | 55 | | | | 1 | | Consumer | | | - | | | | - | | | | - | | | | - | | Credit cards | | | - | | | | - | | | | - | | | | - | | Dealer Finance | | | 11 | | | | - | | | | 24 | | | | 1 | | | | | 19,687 | | | | 173 | | | | 11,053 | | | | 731 | | Impaired loans with a valuation allowance: | | | | | | | | | | | | | | | | | Construction/Land Development | | $ | - | | | $ | - | | | $ | 243 | | | $ | - | | Farmland | | | 1,708 | | | | 59 | | | | 1,797 | | | | 233 | | Real Estate | | | 4,384 | | | | 10 | | | | 8,956 | | | | 413 | | Multi-Family | | | - | | | | - | | | | - | | | | - | | Commercial Real Estate | | | 7,287 | | | | 66 | | | | 4,108 | | | | 237 | | Home Equity – closed end | | | - | | | | 5 | | | | 177 | | | | - | | Home Equity – open end | | | - | | | | - | | | | 113 | | | | - | | Commercial & Industrial – Non-Real Estate | | | - | | | | - | | | | 17 | | | | - | | Consumer | | | 1 | | | | - | | | | 2 | | | | - | | Credit card | | | - | | | | - | | | | - | | | | - | | Dealer Finance | | | 140 | | | | 3 | | | | 146 | | | | 13 | | | | | 13,520 | | | | 143 | | | | 15,559 | | | | 896 | | Total Impaired Loans | | $ | 33,207 | | | $ | 316 | | | $ | 26,612 | | | $ | 1,627 | |
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Schedule of recorded investment of past due loans |
| | 30-59 Days Past due | | | 60-89 Days Past Due | | | Greater than 90 Days | | | Total Past Due | | | Current | | | Total Loan Receivable | | | Non-Accrual Loans | | | Recorded Investment >90 days & accruing | | March 31, 2021 | | | | | | | | | | | | | | | | | | | | | | | | | Construction/Land Development | | $ | 415 | | | $ | - | | | $ | - | | | $ | 415 | | | $ | 68,877 | | | $ | 69,292 | | | $ | 168 | | | $ | - | | Farmland | | | - | | | | - | | | | - | | | | - | | | | 58,384 | | | | 58,384 | | | | 1,678 | | | | - | | Real Estate | | | 1,091 | | | | 384 | | | | 681 | | | | 2,156 | | | | 152,723 | | | | 154,879 | | | | 801 | | | | - | | Multi-Family | | | - | | | | - | | | | - | | | | - | | | | 4,203 | | | | 4,203 | | | | - | | | | - | | Commercial Real Estate | | | - | | | | - | | | | - | | | | - | | | | 137,259 | | | | 137,259 | | | | 2,890 | | | | - | | Home Equity – closed end | | | 3 | | | | - | | | | 30 | | | | 33 | | | | 7,607 | | | | 7,640 | | | | 30 | | | | - | | Home Equity – open end | | | 324 | | | | 26 | | | | 168 | | | | 518 | | | | 44,697 | | | | 45,215 | | | | 143 | | | | 25 | | Commercial & Industrial – Non- Real Estate | | | 163 | | | | - | | | | - | | | | 163 | | | | 75,332 | | | | 75,495 | | | | 1 | | | | - | | Consumer | | | 16 | | | | - | | | | - | | | | 16 | | | | 7,986 | | | | 8,002 | | | | - | | | | - | | Dealer Finance | | | 696 | | | | 89 | | | | - | | | | 785 | | | | 95,585 | | | | 96,370 | | | | 44 | | | | - | | Credit Cards | | | 25 | | | | - | | | | 3 | | | | 28 | | | | 2,606 | | | | 2,634 | | | | - | | | | 3 | | Total | | $ | 2,733 | | | $ | 499 | | | $ | 882 | | | $ | 4,114 | | | $ | 655,259 | | | $ | 659,373 | | | $ | 5,755 | | | $ | 28 | |
| | 30-59 Days Past due | | | 60-89 Days Past Due | | | Greater than 90 Days | | | Total Past Due | | | Current | | | Total Loan Receivable | | | Non-Accrual Loans | | | Recorded Investment >90 days & accruing | | December 31, 2020 | | | | | | | | | | | | | | | | | | | | | | | | | Construction/Land Development | | $ | 2,557 | | | $ | - | | | $ | - | | | $ | 2,557 | | | $ | 68,910 | | | $ | 71,467 | | | $ | 251 | | | $ | - | | Farmland | | | - | | | | - | | | | - | | | | - | | | | 53,728 | | | | 53,728 | | | | 1,737 | | | | - | | Real Estate | | | 1,724 | | | | 512 | | | | 304 | | | | 2,540 | | | | 160,478 | | | | 163,018 | | | | 368 | | | | 102 | | Multi-Family | | | - | | | | - | | | | - | | | | - | | | | 5,918 | | | | 5,918 | | | | - | | | | - | | Commercial Real Estate | | | 554 | | | | - | | | | 920 | | | | 1,474 | | | | 141,042 | | | | 142,516 | | | | 3,820 | | | | - | | Home Equity – closed end | | | 3 | | | | 30 | | | | - | | | | 33 | | | | 8,443 | | | | 8,476 | | | | - | | | | - | | Home Equity – open end | | | 716 | | | | - | | | | 212 | | | | 928 | | | | 45,685 | | | | 46,613 | | | | 212 | | | | - | | Commercial & Industrial – Non- Real Estate | | | 95 | | | | 44 | | | | - | | | | 139 | | | | 65,331 | | | | 65,470 | | | | 3 | | | | - | | Consumer | | | 39 | | | | - | | | | - | | | | 39 | | | | 9,366 | | | | 9,405 | | | | - | | | | - | | Dealer Finance | | | 694 | | | | 157 | | | | - | | | | 851 | | | | 91,010 | | | | 91,861 | | | | 44 | | | | - | | Credit Cards | | | 45 | | | | - | | | | - | | | | 45 | | | | 2,812 | | | | 2,857 | | | | - | | | | - | | Total | | $ | 6,427 | | | $ | 743 | | | $ | 1,436 | | | $ | 8,606 | | | $ | 652,723 | | | $ | 661,329 | | | $ | 6,435 | | | $ | 102 | |
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