XML 31 R21.htm IDEA: XBRL DOCUMENT v3.23.3
Loan and Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2023
Loans And Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30,
December 31,
(Dollars in thousands)
2023
2022
Commercial and industrial
$
66,014
$
66,212
Construction and land development
70,129
66,479
Commercial real estate:
Owner occupied
66,237
61,125
Hotel/motel
36,992
33,378
Multi-family
47,634
41,084
Other
131,101
128,986
Total commercial real estate
281,964
264,573
Residential real estate:
Consumer mortgage
60,024
45,370
Investment property
57,126
52,278
Total residential real estate
117,150
97,648
Consumer installment
10,353
9,546
Total Loans
$
545,610
$
504,458
Past Due Financing Receivables [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accruing
Accruing
Total
30-89 Days
Greater than
Accruing
Non-
Total
 
(Dollars in thousands)
Current
Past Due
90 days
Loans
Accrual
Loans
September 30, 2023:
Commercial and industrial
$
65,813
39
65,852
162
$
66,014
Construction and land development
70,129
70,129
70,129
Commercial real estate:
Owner occupied
65,230
206
65,436
801
66,237
Hotel/motel
36,992
36,992
36,992
Multi-family
47,634
47,634
47,634
Other
131,101
131,101
131,101
Total commercial real estate
280,957
206
281,163
801
281,964
Residential real estate:
Consumer mortgage
59,799
59,799
225
60,024
Investment property
57,087
14
57,101
25
57,126
Total residential real estate
116,886
14
116,900
250
117,150
Consumer installment
10,297
56
10,353
10,353
Total
$
544,082
315
544,397
1,213
$
545,610
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2022:
Commercial and industrial
$
65,764
5
65,769
443
$
66,212
Construction and land development
66,479
66,479
66,479
Commercial real estate:
Owner occupied
61,125
61,125
61,125
Hotel/motel
33,378
33,378
33,378
Multi-family
41,084
41,084
41,084
Other
126,870
126,870
2,116
128,986
Total commercial real estate
262,457
262,457
2,116
264,573
Residential real estate:
Consumer mortgage
45,160
38
45,198
172
45,370
Investment property
52,278
52,278
52,278
Total residential real estate
97,438
38
97,476
172
97,648
Consumer installment
9,506
40
9,546
9,546
Total
$
501,644
83
501,727
2,731
$
504,458
Financing Receivable Credit Quality Indicators [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
2023
2022
2021
2020
2019
Prior to
2019
Revolving
Loans
Total
 
Loans
September 30, 2023:
 
Commercial and industrial
Pass
$
8,403
15,220
14,164
5,760
7,447
8,138
6,283
$
65,415
Special mention
348
348
Substandard
56
27
6
89
Nonaccrual
162
162
Total commercial and industrial
8,459
15,220
14,191
5,760
7,615
8,138
6,631
66,014
Current period gross charge-offs
Construction and land development
Pass
34,977
30,923
1,735
1,562
131
162
639
70,129
Special mention
Substandard
Nonaccrual
Total construction and land development
34,977
30,923
1,735
1,562
131
162
639
70,129
Current period gross charge-offs
Commercial real estate:
Owner occupied
Pass
10,489
7,476
18,785
10,639
4,359
9,965
3,408
65,121
Special mention
263
263
Substandard
52
52
Nonaccrual
801
801
Total owner occupied
10,752
7,476
18,785
10,639
5,212
9,965
3,408
66,237
Current period gross charge-offs
Hotel/motel
Pass
6,437
9,981
3,234
1,539
3,952
11,849
36,992
Special mention
Substandard
Nonaccrual
Total hotel/motel
6,437
9,981
3,234
1,539
3,952
11,849
36,992
Current period gross charge-offs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
2023
2022
2021
2020
2019
Prior to
2019
Revolving
Loans
Total
 
Loans
September 30, 2023:
 
Multi-family
Pass
12,436
18,185
1,972
6,163
3,825
3,126
1,927
47,634
Special mention
Substandard
Nonaccrual
Total multi-family
12,436
18,185
1,972
6,163
3,825
3,126
1,927
47,634
Current period gross charge-offs
Other
Pass
16,532
36,560
32,107
14,053
10,902
19,004
914
130,072
Special mention
873
873
Substandard
156
156
Nonaccrual
Total other
16,532
36,560
32,107
15,082
10,902
19,004
914
131,101
Current period gross charge-offs
Residential real estate:
Consumer mortgage
Pass
18,918
20,284
2,731
2,694
1,492
12,771
79
58,969
Special mention
250
250
Substandard
580
580
Nonaccrual
118
107
225
Total consumer mortgage
18,918
20,284
2,731
2,812
1,492
13,708
79
60,024
Current period gross charge-offs
Investment property
Pass
11,594
12,822
9,564
12,984
5,763
2,373
1,473
56,573
Special mention
42
42
Substandard
249
237
486
Nonaccrual
25
25
Total investment property
11,636
13,071
9,564
13,221
5,763
2,398
1,473
57,126
Current period gross charge-offs
Consumer installment
Pass
4,699
4,189
861
251
126
167
10,293
Special mention
1
2
3
Substandard
12
24
8
13
57
Nonaccrual
Total consumer installment
4,711
4,213
870
266
126
167
10,353
Current period gross charge-offs
34
37
13
1
85
Total loans
Pass
124,485
155,640
85,153
55,645
37,997
67,555
14,723
541,198
Special mention
305
1
875
250
348
1,779
Substandard
68
273
35
406
58
580
1,420
Nonaccrual
118
963
132
1,213
Total loans
$
124,858
155,913
85,189
57,044
39,018
68,517
15,071
$
545,610
Total current period gross charge-offs
$
34
37
13
1
85
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in thousands)
 
Pass
 
Special
Mention
Substandard
Accruing
Nonaccrual
Total loans
December 31, 2022:
Commercial and industrial
$
65,550
7
212
443
$
66,212
Construction and land development
66,479
66,479
Commercial real estate:
Owner occupied
60,726
238
161
61,125
Hotel/motel
33,378
33,378
Multi-family
41,084
41,084
Other
126,700
170
2,116
128,986
Total commercial real estate
261,888
408
161
2,116
264,573
Residential real estate:
Consumer mortgage
44,172
439
587
172
45,370
Investment property
51,987
43
248
52,278
Total residential real estate
96,159
482
835
172
97,648
Consumer installment
9,498
1
47
9,546
Total
$
499,574
898
1,255
2,731
$
504,458
Schedule Of Financing Receivables NonAccrual Status [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CECL
Incurred Loss
September 30, 2023
December 31, 2022
Nonaccrual
Nonaccrual
Total
Loans with
Loans with an
Nonaccrual
Nonaccrual
(Dollars in thousands)
No Allowance
Allowance
Loans
Loans
Commercial and industrial
$
162
162
$
443
Commercial real estate
801
801
2,116
Residential real estate
250
250
172
Total
 
$
1,213
1,213
$
2,731
Schedule Of Collateral Dependent Loans Individually Evaluated For ACL [Table Text Block]
 
 
 
 
 
 
 
 
(Dollars in thousands)
Real Estate
Business Assets
Total Loans
September 30, 2023:
Commercial and industrial
$
162
$
162
Commercial real estate
801
801
Total
 
$
801
162
$
963
Allowance for Credit Losses on Financing Receivables [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2023
(Dollars in thousands)
Commercial and
industrial
Construction
and land
development
Commercial
real estate
Residential
real estate
Consumer
installment
Total
Quarter ended:
Beginning balance
$
1,198
1,005
3,788
529
114
$
6,634
Charge-offs
(18)
(18)
Recoveries
1
2
1
4
Net recoveries (charge-offs)
1
2
(17)
(14)
Provision for credit losses
16
68
15
20
39
158
Ending balance
$
1,215
1,073
3,803
551
136
$
6,778
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended:
Beginning balance
$
747
949
3,109
828
132
$
5,765
Impact of adopting ASC 326
532
(17)
873
(347)
(22)
1,019
Charge-offs
(85)
(85)
Recoveries
197
12
3
212
Net recoveries (charge-offs)
197
12
(82)
127
Provision for credit losses
(261)
141
(179)
58
108
(133)
Ending balance
$
1,215
1,073
3,803
551
136
$
6,778
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2022
(Dollars in thousands)
Commercial and
industrial
Construction
and land
development
Commercial
real estate
Residential
real estate
Consumer
installment
Total
Quarter ended:
Beginning balance
$
761
576
2,523
753
103
$
4,716
Charge-offs
(13)
(3)
(16)
Recoveries
2
8
6
16
Net (charge-offs) recoveries
(11)
8
3
Provision for loan losses
(18)
213
38
22
(5)
250
Ending balance
$
732
789
2,561
783
101
$
4,966
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended:
Beginning balance
$
857
518
2,739
739
86
$
4,939
Charge-offs
(17)
 
 
 
 
(67)
(84)
Recoveries
6
 
22
 
22
61
111
Net (charge-offs) recoveries
(11)
 
 
22
 
22
(6)
27
Provision for loan losses
(114)
271
(200)
22
 
21
 
Ending balance
$
732
789
2,561
783
101
$
4,966
Financing Receivable Allowance for Credit Loss Additional Information [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated (1)
Individually evaluated (2)
Total
Allowance
Recorded
Allowance
Recorded
Allowance
Recorded
for loan
investment
for loan
investment
for loan
investment
(In thousands)
losses
in loans
losses
in loans
losses
in loans
September 30, 2022:
Commercial and industrial
$
732
70,685
732
70,685
Construction and land development
789
54,773
789
54,773
Commercial real estate
2,561
249,860
170
2,561
250,030
Residential real estate
783
91,598
783
91,598
Consumer installment
101
7,551
101
7,551
Total
$
4,966
474,467
170
4,966
474,637
(1)
Represents loans collectively evaluated for impairment,
 
prior to the adopton of ASC 326, in accordance with ASC
 
450-20,
Loss
Contingencies, and pursuant to amendments by ASU 2010-20
 
regarding allowance for non-impaired loans.
(2)
Represents loans individually evaluated for impairment, prior
 
to the adoption of ASC 326, in accordance with ASC
 
310-30,
 
Receivables, and pursuant to amendments by ASU 2010-20 regarding
 
allowance for impaired loans.
Impaired Financing Receivables [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2022
(Dollars in thousands)
Unpaid principal
balance (1)
Charge-offs and
payments applied
(2)
Recorded
investment (3)
Related allowance
With no allowance recorded:
Commercial and industrial
$
210
(1)
209
$
Commercial real estate:
Owner occupied
858
(3)
855
Total commercial real estate
858
(3)
855
Total
 
1,068
(4)
1,064
With allowance recorded:
Commercial and industrial
234
234
$
59
Commercial real estate:
Owner occupied
1,261
1,261
446
Total commercial real estate
1,261
1,261
446
Total
 
1,495
1,495
505
Total
 
impaired loans
$
2,563
(4)
2,559
$
505
(1) Unpaid principal balance represents the contractual obligation
 
due from the customer.
(2) Charge-offs and payments applied represents cumulative charge-offs taken, as well
 
as interest payments that have been
applied against the outstanding principal balance subsequent
 
to the loans being placed on nonaccrual status.
(3) Recorded investment represents the unpaid principal balance
 
less charge-offs and payments applied; it is shown before
 
any related allowance for loan losses.
Schedule Of Average Impaired Financing Receivable [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter ended September 30, 2022
Nine months ended September 30, 2022
Average
Total interest
Average
Total interest
recorded
income
recorded
income
(Dollars in thousands)
investment
recognized
investment
recognized
Impaired loans:
Commercial real estate:
Other
$
173
$
199
Total commercial real estate
173
199
Residential real estate:
Investment property
6
Total residential real estate
6
Total
 
$
173
$
205