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Loans and Asset Quality (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of Loans Information
Loans HFI by category and loans HFS are summarized below:
December 31,
(in thousands)20212020
Real estate:
Commercial real estate$670,293 $556,769 
One-to-four family residential474,420 442,889 
Construction and development106,339 127,321 
Commercial and industrial311,373 250,428 
SBA PPP, net of deferred income17,550 118,447 
Tax-exempt80,726 68,666 
Consumer23,131 23,926 
Total loans HFI$1,683,832 $1,588,446 
Total loans HFS$4,290 $29,116 
Schedule of Related Party Transactions An analysis of loan activity to these related parties is as follows:
Years Ended December 31,
(in thousands)20212020
Balance - beginning of period$33,191 $30,609 
New loans/changes in relationships12,493 23,431 
Repayments/changes in relationships(21,892)(20,849)
Balance - end of period$23,792 $33,191 
Schedule of Allowance for Credit Losses
The following table summarizes the activity in the allowance for loan losses by category for the year ended December 31, 2021:
(in thousands)Beginning
Balance		Provision
for Loan
Losses		Loans
Charged-off		RecoveriesEnding
Balance
Real estate:
Commercial real estate$5,798 $1,401 $(450)$— $6,749 
One-to-four family residential5,390 (23)(10)18 5,375 
Construction and development1,699 (375)— 2 1,326 
Commercial and industrial3,631 856 (74)27 4,440 
SBA PPP, net of deferred income318 (293)— — 25 
Tax-exempt680 69 — — 749 
Consumer435 265 (351)163 512 
Total allowance for loan losses$17,951 $1,900 $(885)$210 $19,176 
The following table summarizes the activity in the allowance for loan losses by category for the year ended December 31, 2020:
(in thousands)Beginning
Balance		Provision
for Loan
Losses		Loans
Charged-off		RecoveriesEnding
Balance
Real estate:
Commercial real estate$3,454 $2,344 $— $— $5,798 
One-to-four family residential3,323 2,057 — 10 5,390 
Construction and development1,211 501 (14)1 1,699 
Commercial and industrial5,175 551 (2,184)89 3,631 
SBA PPP, net of deferred income— 318 — — 318 
Tax-exempt334 346 — — 680 
Consumer440 176 (355)174 435 
Total allowance for loan losses$13,937 $6,293 $(2,553)$274 $17,951 
The balance in the allowance for loan losses and the related recorded investment in loans by category as of December 31, 2021, are as follows:
(in thousands)Individually
Evaluated
for
Impairment		Collectively
Evaluated
for
Impairment		Acquired with
Deteriorated
Credit
Quality		Total
Allowance for loan losses:
Real estate:
Commercial real estate$68 $6,681 $— $6,749 
One-to-four family residential— 5,375 — 5,375 
Construction and development— 1,326 — 1,326 
Commercial and industrial40 4,400 — 4,440 
SBA PPP, net of deferred income— 25 — 25 
Tax-exempt— 749 — 749 
Consumer118 394 — 512 
Total allowance for loan losses$226 $18,950 $— $19,176 
Loans:
Real estate:
Commercial real estate$5,011 $665,282 $— $670,293 
One-to-four family residential434 473,986 — 474,420 
Construction and development501 105,838 — 106,339 
Commercial and industrial77 311,296 — 311,373 
SBA PPP, net of deferred income— 17,550 — 17,550 
Tax-exempt— 80,726 — 80,726 
Consumer126 23,005 — 23,131 
Total loans HFI$6,149 $1,677,683 $— $1,683,832 
The balance in the allowance for loan losses and the related recorded investment in loans by category as of December 31, 2020, are as follows:
(in thousands)Individually
Evaluated
for
Impairment		Collectively
Evaluated
for
Impairment		Acquired with
Deteriorated
Credit
Quality		Total
Allowance for loan losses:
Real estate:
Commercial real estate$268 $5,530 $— $5,798 
One-to-four family residential45 5,345 — 5,390 
Construction and development— 1,699 — 1,699 
Commercial and industrial540 3,091 — 3,631 
SBA PPP, net of deferred income— 318 — 318 
Tax-exempt— 680 — 680 
Consumer111 324 — 435 
Total allowance for loan losses$964 $16,987 $— $17,951 
Loans:
Real estate:
Commercial real estate$3,617 $553,152 $— $556,769 
One-to-four family residential1,126 441,763 — 442,889 
Construction and development— 127,321 — 127,321 
Commercial and industrial3,979 246,449 — 250,428 
SBA PPP, net of deferred income— 118,447 — 118,447 
Tax-exempt— 68,666 — 68,666 
Consumer114 23,812 — 23,926 
Total loans HFI$8,836 $1,579,610 $— $1,588,446 
Schedule of Financing Receivable Past Due
A summary of current, past due, and nonaccrual loans as of December 31, 2021, is as follows:
Accruing
(in thousands)Current30-89 Days
Past Due		90 Days
or More
Past Due		NonaccrualTotal
Loans
Real estate:
Commercial real estate$669,781 $461 $— $51 $670,293 
One-to-four family residential473,658 546 — 216 474,420 
Construction and development106,300 — 39 — 106,339 
Commercial and industrial311,321 39 — 13 311,373 
SBA PPP, net of deferred income17,550 — — — 17,550 
Tax-exempt80,726 — — — 80,726 
Consumer23,121 10 — — 23,131 
Total loans HFI$1,682,457 $1,056 $39 $280 $1,683,832 
A summary of current, past due, and nonaccrual loans as of December 31, 2020, is as follows:
Accruing
(in thousands)Current30-89 Days
Past Due		90 Days
or More
Past Due		NonaccrualTotal
Loans
Real estate:
Commercial real estate$554,861 $62 $— $1,846 $556,769 
One-to-four family residential442,096 219 — 574 442,889 
Construction and development127,258 63 — — 127,321 
Commercial and industrial249,453 93 — 882 250,428 
SBA PPP, net of deferred income118,447 — — — 118,447 
Tax-exempt68,666 — — — 68,666 
Consumer23,891 27 3 5 23,926 
Total loans HFI$1,584,672 $464 $3 $3,307 $1,588,446 
Schedule of Impaired Financing Receivable
Impaired loans include TDRs and performing and nonperforming loans. Information pertaining to impaired loans as of December 31, 2021, is as follows:
(in thousands)Unpaid
Principal
Balance		Recorded
Investment		Related
Allowance		Average
Recorded
Investment		Interest
Income
Recognized
With no related allowance recorded:
Real estate:
Commercial real estate$1,599 $1,595 $— $1,969 $78 
One-to-four family residential483 434 — 539 19 
Construction and development501 501 — 400 32 
Commercial and industrial— — — 355 — 
SBA PPP, net of deferred income— — — — — 
Tax-exempt— — — — — 
Consumer8 8 — 4 1 
Total with no related allowance2,591 2,538 — 3,267 130 
With allowance recorded:
Real estate:
Commercial real estate3,416 3,416 68 2,111 64 
One-to-four family residential— — — 145 — 
Construction and development— — — — — 
Commercial and industrial85 77 40 1,570 5 
SBA PPP, net of deferred income— — — — — 
Tax-exempt— — — — — 
Consumer118 118 118 112 5 
Total with related allowance3,619 3,611 226 3,938 74 
Total impaired loans$6,210 $6,149 $226 $7,205 $204 
Information pertaining to impaired loans as of December 31, 2020, is as follows:
(in thousands)Unpaid
Principal
Balance		Recorded
Investment		Related
Allowance		Average
Recorded
Investment		Interest
Income
Recognized
With no related allowance recorded:
Real estate:
Commercial real estate$1,459 $1,428 $— $1,417 $68 
One-to-four family residential891 827 — 987 33 
Construction and development— — — — — 
Commercial and industrial92 92 — 1,173 5 
SBA PPP, net of deferred income— — — — — 
Tax-exempt— — — — — 
Consumer1 1 — 2 — 
Total with no related allowance2,443 2,348 — 3,579 106 
With allowance recorded:
Real estate:
Commercial real estate2,402 2,189 268 1,533 26 
One-to-four family residential306 299 45 234 1 
Construction and development— — — 8 — 
Commercial and industrial4,854 3,887 540 6,521 139 
SBA PPP, net of deferred income— — — — — 
Tax-exempt— — — — — 
Consumer114 113 111 103 5 
Total with related allowance7,676 6,488 964 8,399 171 
Total impaired loans$10,119 $8,836 $964 $11,978 $277 
Schedule of TDRs
A summary of current, past due, and nonaccrual TDR loans as of December 31, 2021, is as follows:
(dollars in thousands)Current30-89
Days
Past Due		90 Days
or More
Past Due
Nonaccrual(1)
Total
TDRs
Real estate:
Commercial real estate$3,634 $— $— $— $3,634 
One-to-four family residential289 — — — 289 
Construction and development— — — — — 
Commercial and industrial— — — — — 
SBA PPP, net of deferred income— — — — — 
Tax-exempt— — — — — 
Consumer21 — — — 21 
Total$3,944 $— $— $— $3,944 
Number of TDR loans11 — — 1 12 
(1)This loan has a contractual obligation to the Company despite carrying a zero balance.
A summary of current, past due, and nonaccrual TDR loans as of December 31, 2020, is as follows:
(dollars in thousands)Current30-89
Days
Past Due		90 Days
or More
Past Due		NonaccrualTotal
TDRs
Real estate:
Commercial real estate$1,151 $— $— $1,212 $2,363 
One-to-four family residential303 — — — 303 
Construction and development— — — — — 
Commercial and industrial— — — 5 5 
SBA PPP, net of deferred income— — — — — 
Tax-exempt— — — — — 
Consumer— — — — — 
Total$1,454 $— $— $1,217 $2,671 
Number of TDR loans8 — — 4 12 
A summary of loans modified as TDRs that occurred during the years ended December 31, 2021 and 2020, is as follows:
December 31, 2021December 31, 2020
Recorded InvestmentRecorded Investment
(dollars in thousands)Loan
Count		Pre
Modification		Post
Modification		Loan
Count		Pre
Modification		Post
Modification
Real estate:
Commercial real estate1 $2,174 $2,184 — $— $— 
One-to-four family residential— — — 1 90 91 
Construction and development— — — — — — 
Commercial and industrial— — — — — — 
SBA PPP, net of deferred income— — — — — — 
Tax-exempt— — — — — — 
Consumer2 20 27 — — — 
Total3 $2,194 $2,211 1 $90 $91 
Schedule of Financing Receivable by Credit Risk
The following table summarizes loans by risk rating as of December 31, 2021:
(in thousands)PassSpecial
Mention		SubstandardDoubtfulLossTotal
Real estate:
Commercial real estate$666,838 $499 $2,956 $— $— $670,293 
One-to-four family residential473,638 321 461 — — 474,420 
Construction and development105,838 — 501 — — 106,339 
Commercial and industrial306,925 1,551 2,897 — — 311,373 
SBA PPP, net of deferred income17,550 — — — — 17,550 
Tax-exempt80,726 — — — — 80,726 
Consumer23,003 21 107 — — 23,131 
Total loans HFI$1,674,518 $2,392 $6,922 $— $— $1,683,832 
The following table summarizes loans by risk rating as of December 31, 2020:
(in thousands)PassSpecial
Mention		SubstandardDoubtfulLossTotal
Real estate:
Commercial real estate$551,954 $555 $4,260 $— $— $556,769 
One-to-four family residential441,374 486 1,029 — — 442,889 
Construction and development126,542 — 779 — — 127,321 
Commercial and industrial245,043 1,310 4,075 — — 250,428 
SBA PPP, net of deferred income118,447 — — — — 118,447 
Tax-exempt68,666 — — — — 68,666 
Consumer23,813 — 113 — — 23,926 
Total loans HFI$1,575,839 $2,351 $10,256 $— $— $1,588,446