XML 31 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
Loans Receivable, Net (Tables)
6 Months Ended
Jun. 30, 2022
Loans Receivable, Net [Abstract] (Deprecated 2019-01-31)  
Financing Receivable, Nonaccrual [Table Text Block]
The following table shows non-accrual loans by category at June 30, 2022 compared to December 31, 2021:
Non-accrual Loans:June 30, 2022December 31, 2021
Construction Real Estate$118,966 $21,434 
Residential Real Estate1,398,656 1,389,498 
Commercial Real Estate755,463 1,057,496 
Commercial and Agricultural118,016 64,479 
Consumer HELOC71,268 141,683 
Other Consumer13,976 8,797 
Total Non-accrual Loans$2,476,345 $2,683,387 

Allowance for Loan Losses
Impaired Financing Receivables [Table Text Block]
The following tables present information related to impaired loans by loan category at June 30, 2022 and December 31, 2021 and for the three and six months ended June 30, 2022 and 2021.
June 30, 2022December 31, 2021
Impaired LoansRecorded
Investment
Unpaid
Principal
Balance
Related
Allowance
Recorded
Investment
Unpaid
Principal
Balance
 
Related
Allowance
Construction Real Estate$117,117 $117,117 $ $19,133 $19,133 $— 
Residential Real Estate1,131,090 1,668,090  1,128,452 1,646,952 — 
Commercial Real Estate750,323 750,324  1,046,974 1,046,974 — 
Commercial and Agricultural31,446 926,446  31,446 926,446 — 
Consumer HELOC51,544 51,544  97,302 97,302 — 
Other Consumer   — — — 
Total$2,081,520 $3,513,521 $ $2,323,307 $3,736,807 $— 
Three Months Ended June 30,
20222021
Impaired LoansAverage Recorded InvestmentInterest Income
Recognized
Average Recorded
Investment
Interest Income
Recognized
Construction Real Estate$117,739 $ $34,249 $— 
Residential Real Estate1,142,322  1,217,428 — 
Commercial Real Estate756,649  1,095,734 3,171 
Commercial and Agricultural31,446  53,046 — 
Consumer HELOC52,914  155,306 — 
Other Consumer  598 — 
Total$2,101,070 $ $2,556,361 $3,171 
Six Months Ended June 30,
20222021
Impaired LoansAverage Recorded
Investment
Interest Income
Recognized
Average Recorded
Investment
Interest Income
Recognized
Construction Real Estate$118,503 $— $36,776 $— 
Residential Real Estate1,153,767 — 1,242,528 — 
Commercial Real Estate762,720 — 1,095,991 5,027 
Commercial and Agricultural31,446 — 53,046 — 
Consumer HELOC53,463 — 156,501 — 
Other Consumer — 1,193 — 
Total$2,119,899 $ $2,586,035 $5,027 
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Loans receivable, net, consisted of the following as of the dates indicated below:
June 30, 2022December 31, 2021
Real Estate Loans:
Construction$97,626,900 $100,162,260 
Residential Mortgage95,994,291 84,965,542 
Commercial241,062,833 227,751,664 
Commercial and Agricultural Loans28,520,637 44,689,391 
Consumer Loans:
Home Equity Lines of Credit (HELOC)28,596,407 28,611,516 
Other Consumer22,516,694 21,449,809 
Total Loans Held For Investment, Gross514,317,762 507,630,182 
Less:
Allowance For Loan Losses11,197,954 11,087,164 
Deferred Loan Fees730,571 1,084,623 
 11,928,525 12,171,787 
Total Loans Receivable, Net$502,389,237 $495,458,395 
Financing Receivable Credit Quality Indicators [Table Text Block]
The tables below summarize the balance within each risk category by loan type, excluding loans held for sale, at June 30, 2022 and December 31, 2021.
June 30, 2022 
Pass
 
Caution
Special Mention 
Substandard
 
Total Loans
Construction Real Estate$77,485,354 $18,584,376 $1,134,498 $422,672 $97,626,900 
Residential Real Estate74,994,327 17,634,346 743,027 2,622,591 95,994,291 
Commercial Real Estate188,204,047 47,357,023 3,185,552 2,316,211 241,062,833 
Commercial and Agricultural23,065,973 4,762,460 369,881 322,323 28,520,637 
Consumer HELOC23,193,758 4,393,892 518,867 489,890 28,596,407 
Other Consumer15,572,558 6,571,390 225,759 146,987 22,516,694 
Total$402,516,017 $99,303,487 $6,177,584 $6,320,674 $514,317,762 
December 31, 2021
 
Pass
 
Caution
Special Mention
 
Substandard
 
Total Loans
Construction Real Estate$67,205,984 $25,867,339 $6,566,302 $522,635 $100,162,260 
Residential Real Estate65,650,970 14,506,787 2,061,598 2,746,187 84,965,542 
Commercial Real Estate185,117,439 34,263,196 5,669,666 2,701,363 227,751,664 
Commercial and Agricultural40,017,641 4,296,962 54,380 320,408 44,689,391 
Consumer HELOC23,416,585 3,987,734 624,055 583,142 28,611,516 
Other Consumer15,059,609 6,244,382 85,673 60,145 21,449,809 
Total$396,468,228 $89,166,400 $15,061,674 $6,933,880 $507,630,182 
Financing Receivable, Past Due [Table Text Block]
The tables below present an age analysis of past due balances by loan category at June 30, 2022 and December 31, 2021:
June 30, 2022
 
30-59 Days
Past Due
 
60-89 Days
Past Due
90 Days or
More Past Due
 
Total Past
Due
 
 
Current
 
Total Loans
Receivable
Construction Real Estate$1,249,533 $ $100,472 $1,350,005 $96,276,895 $97,626,900 
Residential Real Estate58,103 128,967 547,933 735,003 95,259,288 95,994,291 
Commercial Real Estate1,016,041  363,406 1,379,447 239,683,386 241,062,833 
Commercial and Agricultural23,690 55,622 50,913 130,225 28,390,412 28,520,637 
Consumer HELOC50,991 27,888 19,724 98,603 28,497,804 28,596,407 
Other Consumer232,555 38,273 14,204 285,032 22,231,662 22,516,694 
Total$2,630,913 $250,750 $1,096,652 $3,978,315 $510,339,447 $514,317,762 
December 31, 2021
 
30-59 Days
Past Due
 
60-89 Days
Past Due
90 Days or More Past Due
 
Total Past
Due
 
 
Current
 
Total Loans
Receivable
Construction Real Estate$4,291 $114,516 $— $118,807 $100,043,453 $100,162,260 
Residential Real Estate296,556 543,716 205,713 1,045,985 83,919,557 84,965,542 
Commercial Real Estate195,271 — 372,405 567,676 227,183,988 227,751,664 
Commercial and Agricultural79,381 133,610 — 212,991 44,476,400 44,689,391 
Consumer HELOC51,430 — 44,382 95,812 28,515,704 28,611,516 
Other Consumer93,560 3,648 8,797 106,005 21,343,804 21,449,809 
Total$720,489 $795,490 $631,297 $2,147,276 $505,482,906 $507,630,182 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
The tables below summarize the impaired loan balances evaluated individually and collectively for impairment within the allowance for loan losses and loans receivable balances at June 30, 2022 and December 31, 2021.
 Allowance For Loan LossesLoans Receivable
June 30, 2022Individually Evaluated For ImpairmentCollectively Evaluated For Impairment
 
Total
Individually Evaluated For ImpairmentCollectively Evaluated For ImpairmentTotal
Construction Real Estate$ $2,104,386 $2,104,386 $117,117 $97,509,783 $97,626,900 
Residential Real Estate 1,870,696 1,870,696 1,131,090 94,863,201 95,994,291 
Commercial Real Estate 4,736,314 4,736,314 750,323 240,312,510 241,062,833 
Commercial and Agricultural 1,403,818 1,403,818 31,446 28,489,191 28,520,637 
Consumer HELOC 606,847 606,847 51,544 28,544,863 28,596,407 
Other Consumer 475,893 475,893  22,516,694 22,516,694 
Total$ $11,197,954 $11,197,954 $2,081,520 $512,236,242 $514,317,762 
Allowance For Loan LossesLoans Receivable
December 31, 2021Individually Evaluated For ImpairmentCollectively Evaluated For ImpairmentTotalIndividually Evaluated For ImpairmentCollectively Evaluated For ImpairmentTotal
Construction Real Estate$ $2,401,196 $2,401,196 $19,133 $100,143,127 $100,162,260 
Residential Real Estate 1,663,423 1,663,423 1,128,452 83,837,090 84,965,542 
Commercial Real Estate 4,832,440 4,832,440 1,046,974 226,704,690 227,751,664 
Commercial and Agricultural 1,241,828 1,241,828 31,446 44,657,945 44,689,391 
Consumer HELOC 517,512 517,512 97,302 28,514,214 28,611,516 
Other Consumer 430,765 430,765 — 21,449,809 21,449,809 
Total$— $11,087,164 $11,087,164 $2,323,307 $505,306,875 $507,630,182 
Accounts Receivable, Allowance for Credit Loss
The following tables show the activity in the allowance for loan losses by category for the three and six months ended June 30, 2022 and 2021:
 Three Months Ended June 30, 2022
Real EstateConsumer
 ConstructionResidentialCommercialCommercial and AgriculturalHELOCOther
 
Total
Beginning Balance$2,336,583 $1,628,316 $4,932,948 $1,242,919 $555,403 $432,794 $11,128,963 
(Reversal of) Provision for Loan Losses(239,158)224,160 (227,132)159,404 46,567 36,159  
Charge-Offs     (11,821)(11,821)
Recoveries6,961 18,220 30,498 1,495 4,877 18,761 80,812 
Ending Balance$2,104,386 $1,870,696 $4,736,314 $1,403,818 $606,847 $475,893 $11,197,954 
Three Months Ended June 30, 2021
Real EstateConsumer
ConstructionResidentialCommercialCommercial and AgriculturalHELOCOtherTotal
Beginning Balance$2,325,093 $1,943,579 $5,489,541 $1,078,898 $601,563 $508,199 $11,946,873 
(Reversal of) Provision for Loan Losses(195,992)(199,394)(679,947)448,895 (34,984)(73,578)(735,000)
Charge-Offs— — — — — (19,415)(19,415)
Recoveries— 24,276 146,937 708 — 59,381 231,302 
Ending Balance$2,129,101 $1,768,461 $4,956,531 $1,528,501 $566,579 $474,587 $11,423,760 
 Six Months Ended June 30, 2022
Real EstateConsumer
 ConstructionResidentialCommercialCommercial and AgriculturalHELOCOther
 
Total
Beginning Balance$2,401,196 $1,663,423 $4,832,440 $1,241,828 $517,512 $430,765 $11,087,164 
(Reversal of) Provision for Loan Losses(312,373)179,342 (145,605)137,162 81,749 59,725  
Charge-Offs     (43,692)(43,692)
Recoveries15,563 27,931 49,479 24,828 7,586 29,095 154,482 
Ending Balance$2,104,386 $1,870,696 $4,736,314 $1,403,818 $606,847 $475,893 $11,197,954 
Six Months Ended June 30, 2021
Real EstateConsumer
ConstructionResidentialCommercialCommercial and AgriculturalHELOCOtherTotal
Beginning Balance$2,486,910 $2,264,414 $5,753,641 $1,112,952 $657,356 $567,623 $12,842,896 
(Reversal of) Provision for Loan Losses(357,809)(520,299)(952,687)420,592 (90,777)(104,020)(1,605,000)
Charge-Offs— — — (6,699)— (57,692)(64,391)
Recoveries— 24,346 155,577 1,656 — 68,676 250,255 
Ending Balance$2,129,101 $1,768,461 $4,956,531 $1,528,501 $566,579 $474,587 $11,423,760