Loans and Allowance for Loan Losses (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
Receivables [Abstract] |
|
Schedule Of Composition Of Loans |
The composition of loans at September 30, 2021 and December 31, 2020 was as follows:
|
|
September 30, |
|
|
December 31, |
|
|
|
2021 |
|
|
2020 |
|
|
|
(in thousands) |
|
Mortgage loans on real estate: |
|
|
|
|
|
|
|
|
Construction and land development |
|
$ |
60,829 |
|
|
$ |
42,544 |
|
Secured by farmland |
|
|
14,160 |
|
|
|
15,846 |
|
Secured by 1-4 family residential properties |
|
|
254,767 |
|
|
|
248,246 |
|
Multifamily |
|
|
27,275 |
|
|
|
21,496 |
|
Commercial |
|
|
367,230 |
|
|
|
334,661 |
|
Commercial and industrial loans |
|
|
129,150 |
|
|
|
140,762 |
|
Consumer installment loans |
|
|
53,151 |
|
|
|
21,321 |
|
All other loans |
|
|
14,274 |
|
|
|
10,773 |
|
Total loans |
|
$ |
920,836 |
|
|
$ |
835,649 |
|
Net deferred loan costs |
|
|
2,240 |
|
|
|
685 |
|
Allowance for loan losses |
|
|
(8,448 |
) |
|
|
(7,096 |
) |
|
|
$ |
914,628 |
|
|
$ |
829,238 |
|
|
Changes In Allowance For Loan Losses |
Changes in the allowance for loan losses for the nine months ended September 30, 2021 and 2020 and the year ended December 31, 2020 were as follows:
|
|
Nine Months Ended |
|
|
Year Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
December 31, |
|
|
September 30, |
|
|
|
2021 |
|
|
2020 |
|
|
2020 |
|
|
|
|
|
|
|
(in thousands) |
|
|
|
|
|
Balance, beginning |
|
$ |
7,096 |
|
|
$ |
4,973 |
|
|
$ |
4,973 |
|
Provision for loan losses |
|
|
1,183 |
|
|
|
1,457 |
|
|
|
755 |
|
Recoveries added to the allowance |
|
|
238 |
|
|
|
1,131 |
|
|
|
1,097 |
|
Loan losses charged to the allowance |
|
|
(69 |
) |
|
|
(465 |
) |
|
|
(164 |
) |
Balance, ending |
|
$ |
8,448 |
|
|
$ |
7,096 |
|
|
$ |
6,661 |
|
|
Nonaccrual And Past Due Loans By Class |
Nonaccrual and past due loans by class at September 30, 2021 and December 31, 2020 were as follows:
|
|
September 30, 2021 |
|
|
|
(in thousands) |
|
|
|
30 - 59
Days
Past Due |
|
|
60 - 89
Days
Past Due |
|
|
90 or More
Days
Past Due |
|
|
Total Past
Due |
|
|
Current |
|
|
Total Loans |
|
|
90 or More
Days Past
Due Still
Accruing |
|
|
Nonaccrual
Loans |
|
Commercial - Non Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
2 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2 |
|
|
$ |
129,148 |
|
|
$ |
129,150 |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner Occupied |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
184,412 |
|
|
|
184,412 |
|
|
|
— |
|
|
|
215 |
|
Non-owner occupied |
|
|
— |
|
|
|
— |
|
|
|
131 |
|
|
|
131 |
|
|
|
182,687 |
|
|
|
182,818 |
|
|
|
— |
|
|
|
2,200 |
|
Construction and Farmland: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,594 |
|
|
|
10,594 |
|
|
|
— |
|
|
|
130 |
|
Commercial |
|
|
— |
|
|
|
— |
|
|
|
107 |
|
|
|
107 |
|
|
|
64,288 |
|
|
|
64,395 |
|
|
|
— |
|
|
|
107 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installment |
|
|
4 |
|
|
|
— |
|
|
|
— |
|
|
|
4 |
|
|
|
53,147 |
|
|
|
53,151 |
|
|
|
— |
|
|
|
4 |
|
Residential: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Lines |
|
|
26 |
|
|
|
— |
|
|
|
— |
|
|
|
26 |
|
|
|
33,124 |
|
|
|
33,150 |
|
|
|
— |
|
|
|
31 |
|
Single family |
|
|
445 |
|
|
|
364 |
|
|
|
392 |
|
|
|
1,201 |
|
|
|
220,416 |
|
|
|
221,617 |
|
|
|
— |
|
|
|
845 |
|
Multifamily |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
27,275 |
|
|
|
27,275 |
|
|
|
— |
|
|
|
— |
|
All Other Loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
14,274 |
|
|
|
14,274 |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
477 |
|
|
$ |
364 |
|
|
$ |
630 |
|
|
$ |
1,471 |
|
|
$ |
919,365 |
|
|
$ |
920,836 |
|
|
$ |
— |
|
|
$ |
3,532 |
|
|
|
December 31, 2020 |
|
|
|
(in thousands) |
|
|
|
30 - 59
Days
Past Due |
|
|
60 - 89
Days
Past Due |
|
|
90 or More
Days Past
Due |
|
|
Total Past
Due |
|
|
Current |
|
|
Total Loans |
|
|
90 or More
Past Due
Still
Accruing |
|
|
Nonaccrual
Loans |
|
Commercial - Non Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
43 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
43 |
|
|
$ |
140,719 |
|
|
$ |
140,762 |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner Occupied |
|
|
— |
|
|
|
— |
|
|
|
157 |
|
|
|
157 |
|
|
|
165,764 |
|
|
|
165,921 |
|
|
|
— |
|
|
|
1,227 |
|
Non-owner occupied |
|
|
500 |
|
|
|
— |
|
|
|
122 |
|
|
|
622 |
|
|
|
168,118 |
|
|
|
168,740 |
|
|
|
— |
|
|
|
2,405 |
|
Construction and Farmland: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,644 |
|
|
|
10,644 |
|
|
|
— |
|
|
|
— |
|
Commercial |
|
|
— |
|
|
|
— |
|
|
|
69 |
|
|
|
69 |
|
|
|
47,677 |
|
|
|
47,746 |
|
|
|
— |
|
|
|
69 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installment |
|
|
5 |
|
|
|
— |
|
|
|
— |
|
|
|
5 |
|
|
|
21,316 |
|
|
|
21,321 |
|
|
|
— |
|
|
|
5 |
|
Residential: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Lines |
|
|
13 |
|
|
|
— |
|
|
|
— |
|
|
|
13 |
|
|
|
31,239 |
|
|
|
31,252 |
|
|
|
— |
|
|
|
42 |
|
Single family |
|
|
249 |
|
|
|
123 |
|
|
|
581 |
|
|
|
953 |
|
|
|
216,041 |
|
|
|
216,994 |
|
|
|
— |
|
|
|
1,006 |
|
Multifamily |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
21,496 |
|
|
|
21,496 |
|
|
|
— |
|
|
|
— |
|
All Other Loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,773 |
|
|
|
10,773 |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
810 |
|
|
$ |
123 |
|
|
$ |
929 |
|
|
$ |
1,862 |
|
|
$ |
833,787 |
|
|
$ |
835,649 |
|
|
$ |
— |
|
|
$ |
4,754 |
|
|
Allowance For Loan Losses By Segment |
Allowance for loan losses by segment at September 30, 2021 and December 31, 2020 were as follows:
|
|
As of and For the Nine Months Ended |
|
|
|
September 30, 2021 |
|
|
|
(in thousands) |
|
|
|
Construction
and Farmland |
|
|
Residential
Real Estate |
|
|
Commercial
Real Estate |
|
|
Commercial |
|
|
Consumer |
|
|
All Other
Loans |
|
|
Unallocated |
|
|
Total |
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance |
|
$ |
1,604 |
|
|
$ |
1,929 |
|
|
$ |
1,645 |
|
|
$ |
1,374 |
|
|
$ |
198 |
|
|
$ |
346 |
|
|
$ |
— |
|
|
$ |
7,096 |
|
Charge-Offs |
|
|
— |
|
|
|
(13 |
) |
|
|
— |
|
|
|
— |
|
|
|
(16 |
) |
|
|
(40 |
) |
|
|
— |
|
|
|
(69 |
) |
Recoveries |
|
|
10 |
|
|
|
190 |
|
|
|
— |
|
|
|
6 |
|
|
|
22 |
|
|
|
10 |
|
|
|
— |
|
|
|
238 |
|
Provision |
|
|
720 |
|
|
|
(86 |
) |
|
|
193 |
|
|
|
198 |
|
|
|
214 |
|
|
|
(56 |
) |
|
|
— |
|
|
|
1,183 |
|
Ending balance |
|
$ |
2,334 |
|
|
$ |
2,020 |
|
|
$ |
1,838 |
|
|
$ |
1,578 |
|
|
$ |
418 |
|
|
$ |
260 |
|
|
$ |
— |
|
|
$ |
8,448 |
|
Ending balance: Individually evaluated for impairment |
|
$ |
— |
|
|
$ |
43 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
43 |
|
Ending balance: collectively evaluated for impairment |
|
$ |
2,334 |
|
|
$ |
1,977 |
|
|
$ |
1,838 |
|
|
$ |
1,578 |
|
|
$ |
418 |
|
|
$ |
260 |
|
|
$ |
— |
|
|
$ |
8,405 |
|
Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
|
$ |
74,989 |
|
|
$ |
282,042 |
|
|
$ |
367,230 |
|
|
$ |
129,150 |
|
|
$ |
53,151 |
|
|
$ |
14,274 |
|
|
$ |
— |
|
|
$ |
920,836 |
|
Ending balance individually evaluated for impairment |
|
$ |
263 |
|
|
$ |
2,858 |
|
|
$ |
2,415 |
|
|
$ |
118 |
|
|
$ |
18 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
5,672 |
|
Ending balance collectively evaluated for impairment |
|
$ |
74,726 |
|
|
$ |
279,184 |
|
|
$ |
364,815 |
|
|
$ |
129,032 |
|
|
$ |
53,133 |
|
|
$ |
14,274 |
|
|
$ |
— |
|
|
$ |
915,164 |
|
|
|
December 31, 2020 |
|
|
|
|
(in thousands) |
|
|
|
|
Construction
and Farmland |
|
|
Residential
Real Estate |
|
|
Commercial
Real Estate |
|
|
Commercial |
|
|
Consumer |
|
|
All Other
Loans |
|
|
Unallocated |
|
|
Total |
|
Allowance for credit losses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning Balance |
|
$ |
446 |
|
|
$ |
1,601 |
|
|
$ |
1,991 |
|
|
$ |
565 |
|
|
$ |
54 |
|
|
$ |
120 |
|
|
$ |
196 |
|
|
$ |
4,973 |
|
Charge-Offs |
|
|
(119 |
) |
|
|
(20 |
) |
|
|
(155 |
) |
|
|
(49 |
) |
|
|
(83 |
) |
|
|
(39 |
) |
|
|
— |
|
|
|
(465 |
) |
Recoveries |
|
|
7 |
|
|
|
275 |
|
|
|
302 |
|
|
|
498 |
|
|
|
41 |
|
|
|
8 |
|
|
|
— |
|
|
|
1,131 |
|
Provision |
|
|
1,270 |
|
|
|
73 |
|
|
|
(493 |
) |
|
|
360 |
|
|
|
186 |
|
|
|
257 |
|
|
|
(196 |
) |
|
|
1,457 |
|
Ending balance |
|
$ |
1,604 |
|
|
$ |
1,929 |
|
|
$ |
1,645 |
|
|
$ |
1,374 |
|
|
$ |
198 |
|
|
$ |
346 |
|
|
$ |
— |
|
|
$ |
7,096 |
|
Ending balance: Individually evaluated for impairment |
|
$ |
— |
|
|
$ |
72 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
72 |
|
Ending balance: collectively evaluated for impairment |
|
$ |
1,604 |
|
|
$ |
1,857 |
|
|
$ |
1,645 |
|
|
$ |
1,374 |
|
|
$ |
198 |
|
|
$ |
346 |
|
|
$ |
— |
|
|
$ |
7,024 |
|
Loans: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
|
$ |
58,390 |
|
|
$ |
269,742 |
|
|
$ |
334,661 |
|
|
$ |
140,762 |
|
|
$ |
21,321 |
|
|
$ |
10,773 |
|
|
$ |
— |
|
|
$ |
835,649 |
|
Ending balance individually evaluated for impairment |
|
$ |
105 |
|
|
$ |
3,869 |
|
|
$ |
3,632 |
|
|
$ |
147 |
|
|
$ |
15 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
7,768 |
|
Ending balance collectively evaluated for impairment |
|
$ |
58,285 |
|
|
$ |
265,873 |
|
|
$ |
331,029 |
|
|
$ |
140,615 |
|
|
$ |
21,306 |
|
|
$ |
10,773 |
|
|
$ |
— |
|
|
$ |
827,881 |
|
|
Impaired Loans By Class |
Impaired loans by class as of and for the periods ended September 30, 2021 and December 31, 2020 were as follows:
|
|
As of |
|
|
|
September 30, 2021 |
|
|
|
(in thousands) |
|
|
|
Unpaid
Principal
Balance |
|
|
Recorded
Investment |
|
|
Related
Allowance |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
With no related allowance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial - Non Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
167 |
|
|
$ |
118 |
|
|
$ |
— |
|
|
$ |
166 |
|
|
$ |
8 |
|
Commercial Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner Occupied |
|
|
249 |
|
|
|
215 |
|
|
|
— |
|
|
|
234 |
|
|
|
— |
|
Non-owner occupied |
|
|
2,544 |
|
|
|
2,200 |
|
|
|
— |
|
|
|
2,208 |
|
|
|
— |
|
Construction and Farmland: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Commercial |
|
|
275 |
|
|
|
263 |
|
|
|
— |
|
|
|
272 |
|
|
|
9 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installment |
|
|
18 |
|
|
|
18 |
|
|
|
— |
|
|
|
19 |
|
|
|
1 |
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity lines |
|
|
36 |
|
|
|
31 |
|
|
|
— |
|
|
|
33 |
|
|
|
— |
|
Single family |
|
|
2,154 |
|
|
|
2,044 |
|
|
|
— |
|
|
|
2,073 |
|
|
|
47 |
|
Multifamily |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other Loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
5,443 |
|
|
$ |
4,889 |
|
|
$ |
— |
|
|
$ |
5,005 |
|
|
$ |
65 |
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial - Non Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner Occupied |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Non-owner occupied |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Construction and Farmland: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Residential |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity lines |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Single family |
|
|
819 |
|
|
|
797 |
|
|
|
43 |
|
|
|
808 |
|
|
|
21 |
|
Multifamily |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other Loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
819 |
|
|
$ |
797 |
|
|
$ |
43 |
|
|
$ |
808 |
|
|
$ |
21 |
|
Total: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
$ |
167 |
|
|
$ |
118 |
|
|
$ |
— |
|
|
$ |
166 |
|
|
$ |
8 |
|
Commercial Real Estate |
|
|
2,793 |
|
|
|
2,415 |
|
|
|
— |
|
|
|
2,442 |
|
|
|
— |
|
Construction and Farmland |
|
|
275 |
|
|
|
263 |
|
|
|
— |
|
|
|
272 |
|
|
|
9 |
|
Consumer |
|
|
18 |
|
|
|
18 |
|
|
|
— |
|
|
|
19 |
|
|
|
1 |
|
Residential |
|
|
3,009 |
|
|
|
2,872 |
|
|
|
43 |
|
|
|
2,914 |
|
|
|
68 |
|
Other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
6,262 |
|
|
$ |
5,686 |
|
|
$ |
43 |
|
|
$ |
5,813 |
|
|
$ |
86 |
|
(1) |
Recorded investment is defined as the summation of the outstanding principal balance, accrued interest, net deferred loan fees or costs, and any partial charge-offs. Accrued interest and net deferred loan fees or costs totaled $14 thousand at September 30, 2021. |
|
|
As of |
|
|
|
December 31, 2020 |
|
|
|
(in thousands) |
|
|
|
Unpaid
Principal
Balance |
|
|
Recorded
Investment |
|
|
Related
Allowance |
|
|
Average
Recorded
Investment |
|
|
Interest
Income
Recognized |
|
With no related allowance: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial - Non Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
246 |
|
|
$ |
147 |
|
|
$ |
— |
|
|
$ |
186 |
|
|
$ |
16 |
|
Commercial Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner Occupied |
|
|
1,282 |
|
|
|
1,227 |
|
|
|
— |
|
|
|
1,258 |
|
|
|
18 |
|
Non-owner occupied |
|
|
2,682 |
|
|
|
2,405 |
|
|
|
— |
|
|
|
2,444 |
|
|
|
34 |
|
Construction and Farmland: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Commercial |
|
|
233 |
|
|
|
105 |
|
|
|
— |
|
|
|
109 |
|
|
|
3 |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installment |
|
|
16 |
|
|
|
15 |
|
|
|
— |
|
|
|
22 |
|
|
|
1 |
|
Residential: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity lines |
|
|
272 |
|
|
|
42 |
|
|
|
— |
|
|
|
44 |
|
|
|
— |
|
Single family |
|
|
2,655 |
|
|
|
2,413 |
|
|
|
— |
|
|
|
2,514 |
|
|
|
76 |
|
Multifamily |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other Loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
7,386 |
|
|
$ |
6,354 |
|
|
$ |
— |
|
|
$ |
6,577 |
|
|
$ |
148 |
|
With an allowance recorded: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial - Non Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner Occupied |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Non-owner occupied |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Construction and Farmland: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Commercial |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Consumer: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Installment |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Residential: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity lines |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Single family |
|
|
1,449 |
|
|
|
1,431 |
|
|
|
72 |
|
|
|
1,448 |
|
|
|
38 |
|
Multifamily |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Other Loans |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
$ |
1,449 |
|
|
$ |
1,431 |
|
|
$ |
72 |
|
|
$ |
1,448 |
|
|
$ |
38 |
|
Total: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial |
|
$ |
246 |
|
|
$ |
147 |
|
|
$ |
— |
|
|
$ |
186 |
|
|
$ |
16 |
|
Commercial Real Estate |
|
|
3,964 |
|
|
|
3,632 |
|
|
|
— |
|
|
|
3,702 |
|
|
|
52 |
|
Construction and Farmland |
|
|
233 |
|
|
|
105 |
|
|
|
— |
|
|
|
109 |
|
|
|
3 |
|
Consumer |
|
|
16 |
|
|
|
15 |
|
|
|
— |
|
|
|
22 |
|
|
|
1 |
|
Residential |
|
|
4,376 |
|
|
|
3,886 |
|
|
|
72 |
|
|
|
4,006 |
|
|
|
114 |
|
Other |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
8,835 |
|
|
$ |
7,785 |
|
|
$ |
72 |
|
|
$ |
8,025 |
|
|
$ |
186 |
|
(1) |
Recorded investment is defined as the summation of the outstanding principal balance, accrued interest, net deferred loan fees or costs, and any partial charge-offs. Accrued interest and net deferred loan fees or costs totaled $17 thousand at December 31, 2020. |
|
Credit Quality Information By Class |
Credit quality information by class at September 30, 2021 and December 31, 2020 was as follows:
|
|
As of |
|
|
|
September 30, 2021 |
|
|
|
(in thousands) |
|
INTERNAL RISK RATING GRADES |
|
Pass |
|
|
Pass
Monitored |
|
|
Special
Mention |
|
|
Substandard |
|
|
Doubtful |
|
|
Loss |
|
|
Total |
|
Commercial - Non Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
119,511 |
|
|
$ |
9,434 |
|
|
$ |
200 |
|
|
$ |
5 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
129,150 |
|
Commercial Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner Occupied |
|
|
122,302 |
|
|
|
55,693 |
|
|
|
6,202 |
|
|
|
215 |
|
|
|
— |
|
|
|
— |
|
|
|
184,412 |
|
Non-owner occupied |
|
|
120,192 |
|
|
|
48,507 |
|
|
|
11,520 |
|
|
|
2,599 |
|
|
|
— |
|
|
|
— |
|
|
|
182,818 |
|
Construction and Farmland: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
|
|
7,808 |
|
|
|
2,786 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,594 |
|
Commercial |
|
|
18,148 |
|
|
|
35,224 |
|
|
|
10,708 |
|
|
|
315 |
|
|
|
— |
|
|
|
— |
|
|
|
64,395 |
|
Residential: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Lines |
|
|
31,778 |
|
|
|
1,341 |
|
|
|
— |
|
|
|
31 |
|
|
|
— |
|
|
|
— |
|
|
|
33,150 |
|
Single family |
|
|
205,824 |
|
|
|
10,966 |
|
|
|
3,061 |
|
|
|
1,649 |
|
|
|
117 |
|
|
|
— |
|
|
|
221,617 |
|
Multifamily |
|
|
20,902 |
|
|
|
6,373 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
27,275 |
|
All other loans |
|
|
12,059 |
|
|
|
— |
|
|
|
2,215 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
14,274 |
|
Total |
|
$ |
658,524 |
|
|
$ |
170,324 |
|
|
$ |
33,906 |
|
|
$ |
4,814 |
|
|
$ |
117 |
|
|
$ |
— |
|
|
$ |
867,685 |
|
|
|
Performing |
|
|
Nonperforming |
|
Consumer Credit Exposure by Payment Activity |
|
$ |
53,147 |
|
|
$ |
4 |
|
|
|
As of |
|
|
|
December 31, 2020 |
|
|
|
(in thousands) |
|
INTERNAL RISK RATING GRADES |
|
Pass |
|
|
Pass
Monitored |
|
|
Special
Mention |
|
|
Substandard |
|
|
Doubtful |
|
|
Loss |
|
|
Total |
|
Commercial - Non Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial & Industrial |
|
$ |
137,566 |
|
|
$ |
2,750 |
|
|
$ |
439 |
|
|
$ |
7 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
140,762 |
|
Commercial Real Estate: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner Occupied |
|
|
126,839 |
|
|
|
31,927 |
|
|
|
5,929 |
|
|
|
1,226 |
|
|
|
— |
|
|
|
— |
|
|
|
165,921 |
|
Non-owner occupied |
|
|
101,026 |
|
|
|
42,338 |
|
|
|
22,555 |
|
|
|
2,821 |
|
|
|
— |
|
|
|
— |
|
|
|
168,740 |
|
Construction and Farm land: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Residential |
|
|
8,131 |
|
|
|
2,513 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,644 |
|
Commercial |
|
|
19,599 |
|
|
|
24,982 |
|
|
|
3,004 |
|
|
|
161 |
|
|
|
— |
|
|
|
— |
|
|
|
47,746 |
|
Residential: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Lines |
|
|
31,087 |
|
|
|
124 |
|
|
|
— |
|
|
|
36 |
|
|
|
5 |
|
|
|
— |
|
|
|
31,252 |
|
Single family |
|
|
193,579 |
|
|
|
16,639 |
|
|
|
3,594 |
|
|
|
3,053 |
|
|
|
129 |
|
|
|
— |
|
|
|
216,994 |
|
Multifamily |
|
|
10,923 |
|
|
|
8,700 |
|
|
|
1,873 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
21,496 |
|
All other loans |
|
|
8,438 |
|
|
|
— |
|
|
|
2,335 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,773 |
|
Total |
|
$ |
637,188 |
|
|
$ |
129,973 |
|
|
$ |
39,729 |
|
|
$ |
7,304 |
|
|
$ |
134 |
|
|
$ |
— |
|
|
$ |
814,328 |
|
|
|
Performing |
|
|
Nonperforming |
|
Consumer Credit Exposure by Payment Activity |
|
$ |
21,316 |
|
|
$ |
5 |
|
|