Loans and Allowance for Credit Losses - Loans (Tables)

12 Months Ended

Dec. 31, 2021

Loans and Allowance for Credit Losses - Loans

Schedule of major categories of loans

	December 31,
(dollars in thousands)	2021		2020
Loans Secured by Real Estate
Construction and land	$	4,087	$	2,553
Farmland		342		350
Singlefamily residential		78,119		82,520
Multifamily		5,428		6,105
Commercial		48,729		57,027
Total loans secured by real estate		136,705		148,555
Commercial and Industrial
Commercial and industrial		10,003		10,800
SBA guaranty		6,397		7,200
Comm SBA PPP		1,047		9,912
Total commercial and industrial loans		17,447		27,912
Consumer Loans
Consumer		2,090		3,063
Automobile		54,150		74,242
Total consumer loans		56,240		77,305
Loans, net of deferred fees and costs		210,392		253,772
Less: Allowance for credit losses		(2,470)		(1,476)
Loans, net	$	207,922	$	252,296

Schedule of amount due from directors and other related parties

	December 31,
(dollars in thousands)	2021		2020
Balance at beginning of year	$	276	$	371
Additions		90		368
Repayments		(366)		(463)
Balance at end of year	$	—	$	276

Schedule of allowance for loan loss and the unearned income on loans

	Loans Secured By Real Estate										Commercial and Industrial Loans						Consumer Loans
December 31, 2021	Construction				Single-family						Commercial				Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		SBA PPP		Consumer		Automobile		Total
Balance, beginning of year	$	9	$	2	$	513	$	39	$	218	$	67	$	48	$	—	$	11	$	569	$	1,476
Impact of ASC 326 adoption		16		9		854		63		199		120		(6)		—		46		273		1,574
Charge-offs		—		—		—		—		—		—		—		—		(2)		(251)		(253)
Recoveries		—		—		408		—		—		—		—		—		—		240		648
Release for credit losses		(20)		—		(418)		3		(139)		(72)		(12)		—		(19)		(298)		(975)
Balance, end of year	$	5	$	11	$	1,357	$	105	$	278	$	115	$	30	$	—	$	36	$	533	$	2,470
Individually evaluated for impairment:
Balance in allowance	$	—	$	—	$	10	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	10
Related loan balance		—		—		36		—		—		—		—		—		—		—		36
Collectively evaluated for impairment:
Balance in allowance	$	5	$	11	$	1,347	$	105	$	278	$	115	$	30	$	—	$	36	$	533	$	2,460
Related loan balance		4,087		342		78,083		5,428		48,729		10,003		6,397		1,047		2,090		54,150		210,356

	Loans Secured By Real Estate										Commercial and Industrial Loans						Consumer Loans
December 31, 2020	Construction				Single-family						Commercial				Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		SBA PPP		Consumer		Automobile		Total
Balance, beginning of year	$	24	$	2	$	849	$	40	$	241	$	69	$	25	$	—	$	11	$	805	$	2,066
Charge-offs		—		—		—		—		—		—		—		—		—		(392)		(392)
Recoveries		—		—		266		—		—		20		—		—		6		199		491
Release for credit losses		(15)		—		(602)		(1)		(23)		(22)		23		—		(6)		(43)		(689)
Balance, end of year	$	9	$	2	$	513	$	39	$	218	$	67	$	48	$	—	$	11	$	569	$	1,476
Individually evaluated for impairment:
Balance in allowance	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	11	$	—	$	11
Related loan balance		—		—		132		—		—		4,493		—		—		39		—		4,664
Collectively evaluated for impairment:
Balance in allowance	$	9	$	2	$	513	$	39	$	218	$	67	$	48	$	—	$	—	$	569	$	1,465
Related loan balance		2,553		350		82,388		6,105		57,027		6,307		7,200		9,912		3,024		74,242		249,108

Schedule of non accrual loans

The following table rolls forward the Company’s activity for nonaccrual loans during the years 2021 and 2020:

							Commercial and
	Loans Secured By Real Estate						Industrial Loans		Consumer Loans
	Single-family
	Residential		Multi-family		Commercial		SBA Guaranty		Consumer		Automobile			Total
(dollars in thousands)
December 31, 2019	$	790	$	24	$	3,139	$	—	$	51	$	123	$	4,127
Transfers into nonaccrual		64		—		1,619		—		—		551		2,234
Loans paid down/payoffs		(584)		(24)		(152)		—		(17)		(103)		(880)
Loans returned to accrual status		—		—		(577)		—		—		(17)		(594)
Loans charged off		—		—		—		—		—		(375)		(375)
December 31, 2020	$	270	$	—	$	4,029	$	—	$	34	$	179	$	4,512
Transfers into nonaccrual						920		71		1		291		1,283
Loans paid down/payoffs		(147)	$	—		(3,987)	$	—		(1)		(83)		(4,218)
Loans returned to accrual status		—		—		(962)		—		(34)		—		(996)
Loans charged off		—		—		—		—		—		(243)		(243)
December 31, 2021	$	123	$	—	$	—	$	71	$	—	$	144	$	338

Schedule of risk ratings of loans by categories of loans

	Loans Secured By Real Estate										Commercial and Industrial Loans						Consumer Loans
December 31, 2021	Construction				Single-family						Commercial				Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		SBA PPP		Consumer		Automobile		Total
Pass	$	4,072	$	342	$	77,996	$	5,428	$	45,307	$	10,003	$	6,326	$	1,047	$	2,084	$	54,006	$	206,611
Special mention		15		—		—		—		3,422		—		—		—		6		4		3,447
Substandard		—		—		123		—		—		—		71		—		—		50		244
Doubtful		—		—		—		—		—		—		—		—		—		90		90
Loss		—		—		—		—		—		—		—		—		—		—		—
	$	4,087	$	342	$	78,119	$	5,428	$	48,729	$	10,003	$	6,397	$	1,047	$	2,090	$	54,150	$	210,392
Nonaccrual	$	—	$	—	$	123	$	—	$	—	$	—	$	71	$	—	$	—	$	144	$	338
Troubled debt restructures	$	—	$	—	$	36	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	36
Number of TDRs accounts		—		—		1		—		—		—		—		—		—		—		1
Non-performing TDRs	$	—	$	—	$	36	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	36
Number of non-performing TDR accounts		—		—		1		—		—		—		—		—		—		—		1

	Loans Secured By Real Estate										Commercial and Industrial Loans						Consumer Loans
December 31, 2020	Construction				Single-family						Commercial				Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		SBA PPP		Consumer		Automobile		Total
Pass	$	2,553	$	350	$	82,310	$	6,105	$	52,534	$	10,800	$	7,200	$	9,912	$	3,030	$	74,064	$	248,858
Special mention		—		—		—		—		—		—		—		—		—		—		—
Substandard		—		—		210		—		4,493		—		—		—		33		62		4,798
Doubtful		—		—		—		—		—		—		—		—		—		116		116
Loss		—		—		—		—		—		—		—		—		—		—		—
	$	2,553	$	350	$	82,520	$	6,105	$	57,027	$	10,800	$	7,200	$	9,912	$	3,063	$	74,242	$	253,772
Nonaccrual	$	—	$	—	$	270	$	—	$	4,029	$	—	$	—	$	—	$	34	$	179	$	4,512
Troubled debt restructures	$	—	$	—	$	39	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	39
Number of TDRs accounts		—		—		1		—		—		—		—		—		—		—		1
Non-performing TDRs	$	—	$	—	$	39	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	39
Number of non-performing TDR accounts		—		—		1		—		—		—		—		—		—		—		1

Schedule of current, past due, and nonaccrual loans by categories of loans

					90 Days or
			30-89 Days		More and
December 31, 2021	Current		Past Due		Still Accruing		Nonaccrual		Total
(dollars in thousands)
Loans Secured by Real Estate
Construction and land	$	4,087	$	—	$	—	$	—	$	4,087
Farmland		342		—		—		—		342
Single-family residential		77,981		—		15		123		78,119
Multi-family		5,428		—		—		—		5,428
Commercial		48,729		—		—		—		48,729
Total loans secured by real estate		136,567		—		15		123		136,705
Commercial and Industrial
Commercial and industrial		10,003		—		—		—		10,003
SBA guaranty		6,326		—		—		71		6,397
Comm SBA PPP		1,047		—		—		—		1,047
Total commercial and industrial loans		17,376		—		—		71		17,447
Consumer Loans
Consumer		2,086		4		—		—		2,090
Automobile		53,655		351		—		144		54,150
Total consumer loans		55,741		355		—		144		56,240
	$	209,684	$	355	$	15	$	338	$	210,392

					90 Days or
			30-89 Days		More and
December 31, 2020	Current		Past Due		Still Accruing		Nonaccrual		Total
(dollars in thousands)
Loans Secured by Real Estate
Construction and land	$	2,553	$	—	$	—	$	—	$	2,553
Farmland		350		—		—		—		350
Singlefamily residential		81,057		1,175		18		270		82,520
Multi-family		6,105		—		—		—		6,105
Commercial		52,424		574		—		4,029		57,027
Total loans secured by real estate		142,489		1,749		18		4,299		148,555
Commercial and Industrial										—
Commercial and industrial		10,800		—		—		—		10,800
SBA guaranty		7,200		—		—		—		7,200
Comm SBA PPP		9,912		—		—		—		9,912
Total commercial and industrial loans		27,912		—		—		—		27,912
Consumer Loans										—
Consumer		3,029		—		—		34		3,063
Automobile		73,611		452		—		179		74,242
Total consumer loans		76,640		452		—		213		77,305
										0
	$	247,041	$	2,201	$	18	$	4,512	$	253,772

Schedule of impaired financing receivables

			Unpaid		Interest				Average
December 31, 2021	Recorded		Principal		Income		Specific		Recorded
(dollars in thousands)	Investment		Balance		Recognized		Reserve		Investment
Impaired loans with specific reserves:
Loans Secured by Real Estate
Construction and land	$	—	$	—	$	—	$	—	$	—
Farmland		—		—		—		—		—
Single-family residential		26		36		2		10		49
Multi-family		—		—		—		—		—
Commercial		—		—		—		—		—
Total loans secured by real estate		26		36		2		10		49
Commercial and Industrial
Commercial and industrial		—		—		—		—		—
SBA guaranty		—		—		—		—		—
Total commercial and industrial loans		—		—		—		—		—
Consumer Loans
Consumer		—		—		—		—		—
Automobile		—		—		—		—		—
Total consumer loans		—		—		—		—		—
Total impaired loans with specific reserves	$	26	$	36	$	2	$	10	$	49
Impaired loans with no specific reserve:
Loans Secured by Real Estate
Construction and land	$	—	$	—	$	—	$	n/a	$	—
Farmland		—		—		—		n/a		—
Single-family residential		87		87		3		n/a		98
Multi-family		—		—		—		n/a		—
Commercial		—		—		—		n/a		—
Total loans secured by real estate		87		87		3		—		98
Commercial and Industrial
Commercial and industrial		—		—		—		n/a		—
SBA guaranty		71		71		1		n/a		71
Total commercial and industrial loans		71		71		1		—		71
Consumer Loans
Consumer		—		—		—		n/a		—
Automobile		143		143		8		n/a		181
Total consumer loans		143		143		8		n/a		181
Total impaired loans with no specific reserve	$	301	$	301	$	12	$	—	$	350

			Unpaid		Interest				Average
December 31, 2020	Recorded		Principal		Income		Specific		Recorded
(dollars in thousands)	Investment		Balance		Recognized		Reserve		Investment
Impaired loans with specific reserves:
Loans Secured by Real Estate
Construction and land	$	—	$	—	$	—	$	—	$	—
Farmland		—		—		—		—		—
Single-family residential		28		39		2		11		50
Multi-family		—		—		—		—		—
Commercial		—		—		—		—		—
Total loans secured by real estate		28		39		2		11		50
Commercial and Industrial
Commercial and industrial		—		—		—		—		—
SBA guaranty		—		—		—		—		—
Total commercial and industrial loans		—		—		—		—		—
Consumer Loans
Consumer		—		—		—		—		—
Automobile		—		—		—		—		—
Total consumer loans		—		—		—		—		—
Total impaired loans with specific reserves	$	28	$	39	$	2	$	11	$	50
Impaired loans with no specific reserve:
Loans Secured by Real Estate
Construction and land	$	—	$	—	$	—	$	n/a	$	—
Farmland		—		—		—		n/a		—
Single-family residential		232		383		—		n/a		544
Multi-family		—		—		—		n/a		—
Commercial		4,493		4,493		185		n/a		4,315
Total loans secured by real estate		4,725		4,876		185		—		4,859
Commercial and Industrial
Commercial and industrial		—		—		—		n/a		—
SBA guaranty		—		—		—		n/a		—
Total commercial and industrial loans		—		—		—		—		—
Consumer Loans
Consumer		34		34		4		n/a		43
Automobile		117		117		10		n/a		227
Total consumer loans		151		151		14		n/a		270
Total impaired loans with no specific reserve	$	4,876	$	5,027	$	199	$	—	$	5,129

Schedule of information about credit quality indicators

The following tables provide information about credit quality indicators by the year of origination at December 31, 2021 and 2020:

	Origination Year
(dollars in thousands)	2021		2020		2019		2018		2017		Prior		Total
December 31, 2021
Loans Secured By Real Estate:
Pass	$	16,498	$	12,135	$	10,671	$	13,558	$	6,715	$	73,568	$	133,145
Special mention		—		—		—		787		—		2,650		3,437
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		123		123
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	16,498	$	12,135	$	10,671	$	14,345	$	6,715	$	76,341	$	136,705
Commercial and Industrial Loans:
Pass	$	2,766	$	4,172	$	1,066	$	4,128	$	1,198	$	4,046	$	17,376
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		71		71
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	2,766	$	4,172	$	1,066	$	4,128	$	1,198	$	4,117	$	17,447
Consumer Loans:
Pass	$	12,271	$	8,222	$	11,176	$	16,706	$	4,908	$	2,808	$	56,091
Special mention		—		—		—		5		—		—		5
Substandard		—		—		—		—		—		—		—
Nonaccrual		28		5		38		40		29		4		144
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	12,299	$	8,227	$	11,214	$	16,751	$	4,937	$	2,812	$	56,240

	Origination Year
(dollars in thousands)	2020		2019		2018		2017		2016		Prior		Total
December 31, 2020
Loans Secured By Real Estate:
Pass	$	13,432	$	11,902	$	17,234	$	10,472	$	12,013	$	78,801	$	143,854
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		402		402
Nonaccrual		—		—		—		2,597		—		1,702		4,299
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	13,432	$	11,902	$	17,234	$	13,069	$	12,013	$	80,905	$	148,555
Commercial and Industrial Loans:
Pass	$	14,906	$	1,855	$	4,034	$	1,686	$	1,338	$	4,093	$	27,912
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	14,906	$	1,855	$	4,034	$	1,686	$	1,338	$	4,093	$	27,912
Consumer Loans:
Pass	$	11,315	$	17,415	$	29,259	$	11,835	$	4,456	$	2,812	$	77,092
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		21		120		32		5		35		213
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	11,315	$	17,436	$	29,379	$	11,867	$	4,461	$	2,847	$	77,305