Loans (Tables)

3 Months Ended

Mar. 31, 2022

Loans

Major Classifications Of Loans

(Dollars in thousands)
	March 31, 2022			December 31, 2021
Real estate loans:
Construction and land development	$	95,025			95,760
Single-family residential		272,991			266,111
Single-family residential -
Banco de la Gente non-traditional		22,137			23,147
Commercial		354,169			337,841
Multifamily and farmland		58,927			58,366
Total real estate loans		803,249			781,225
Loans not secured by real estate:
Commercial loans		73,409			91,172
Farm loans		863			796
Consumer loans		6,170			6,436
All other loans		6,067			5,240
Total loans		889,758			884,869
Less allowance for loan losses		(9,426	)		(9,355	)
Total net loans	$	880,332			875,514

Age Analysis Of Past Due Loans, By Loan Type

March 31, 2022
(Dollars in thousands)
	Loans 30-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Total Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
Real estate loans:
Construction and land development	$	274		-		274		94,751		95,025		-
Single-family residential		3,545		542		4,087		268,904		272,991		-
Single-family residential -
Banco de la Gente non-traditional		2,700		136		2,836		19,301		22,137		-
Commercial		219		-		219		353,950		354,169		-
Multifamily and farmland		-		-		-		58,927		58,927		-
Total real estate loans		6,738		678		7,416		795,833		803,249		-
Loans not secured by real estate:
Commercial loans		17		-		17		73,392		73,409		-
Farm loans		-		-		-		863		863		-
Consumer loans		74		-		74		6,096		6,170		-
All other loans		-		-		-		6,067		6,067		-
Total loans	$	6,829		678		7,507		882,251		889,758		-

December 31, 2021
(Dollars in thousands)
	Loans 30-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Total Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
Real estate loans:
Construction and land development	$	-		-		-		95,760		95,760		-
Single-family residential		2,323		634		2,957		263,154		266,111		-
Single-family residential -
Banco de la Gente non-traditional		2,593		112		2,705		20,442		23,147		-
Commercial		488		-		488		337,353		337,841		-
Multifamily and farmland		-		-		-		58,366		58,366		-
Total real estate loans		5,404		746		6,150		775,075		781,225		-
Loans not secured by real estate:
Commercial loans		43		-		43		91,129		91,172		-
Farm loans		-		-		-		796		796		-
Consumer loans		38		-		38		6,398		6,436		-
All other loans		-		-		-		5,240		5,240		-
Total loans	$	5,485		746		6,231		878,638		884,869		-

Non-accrual Loans

(Dollars in thousands)
	March 31, 2022		December 31, 2021
Real estate loans:
Construction and land development	$	-		-
Single-family residential		1,793		1,642
Single-family residential -
Banco de la Gente non-traditional		1,215		1,232
Commercial		191		200
Multifamily and farmland		102		105
Total real estate loans		3,301		3,179
Loans not secured by real estate:
Commercial loans		-		49
Consumer loans		8		2
Total	$	3,309		3,230

Impaired Loans

March 31, 2022
(Dollars in thousands)
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded  Investment With Allowance		Recorded Investment in Impaired Loans		Related Allowance
Real estate loans:
Construction and land development	$	68		-		68		68		2
Single-family residential		4,361		520		3,581		4,101		64
Single-family residential -
Banco de la Gente non-traditional		11,306		-		10,658		10,658		671
Commercial		2,112		433		1,587		2,020		10
Multifamily and farmland		111		-		101		101		-
Total impaired real estate loans		17,958		953		15,995		16,948		747
Loans not secured by real estate:
Commercial loans		157		-		157		157		2
Consumer loans		14		-		10		10		-
Total impaired loans	$	18,129		953		16,162		17,115		749

December 31, 2021
(Dollars in thousands)
	Unpaid Contractual Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Recorded Investment in Impaired Loans		Related Allowance
Real estate loans:
Construction and land development	$	73		-		73		73		3
Single-family residential		5,138		524		4,374		4,898		86
Single-family residential -
Banco de la Gente non-traditional		11,753		-		10,922		10,922		687
Commercial		2,138		435		1,608		2,043		11
Multifamily and farmland		113		-		105		105		-
Total impaired real estate loans		19,215		959		17,082		18,041		787
Loans not secured by real estate:
Commercial loans		282		49		170		219		2
Consumer loans		8		-		4		4		-
Total impaired loans	$	19,505		1,008		17,256		18,264		789

(Dollars in thousands)
	Three months ended								Twelve months ended
	March 31, 2022				March 31,2021				December 31, 2021
	Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized
Real estate loans:
Construction and land development	$	71		2		106		2		82		6
Single-family residential		5,723		47		5,490		60		6,017		253
Single-family residential -
Banco de la Gente stated income		9,566		139		11,832		177		10,325		609
Commercial		2,032		25		2,955		36		2,385		109
Multifamily and farmland		103		1		116		1		110		6
Total impaired real estate loans		17,495		214		20,499		276		18,919		983
Loans not secured by real estate:
Commercial loans		188		2		413		6		271		19
Consumer loans		7		-		28		1		11		1
Total impaired loans	$	17,690		216		20,940		283		19,201		1,003

Changes In The Allowance For Loan Losses

(Dollars in thousands)
	Real Estate Loans
	Construction and Land Development			Single-Family Residential			Single-Family Residential - Banco de la Gente non-traditional			Commercial		Multifamily and Farmland			Commercial			Farm		Consumer and All Other			Unallocated			Total
Three months ended March 31, 2022
Allowance for loan losses:
Beginning balance	$	1,193			2,013			864			2,234		150			711			-		110			2,080			9,355
Charge-offs		-			(31	)		-			-		-			(4	)		-		(125	)		-			(160	)
Recoveries		-			117			-			2		-			19			-		22			-			160
Provision (recovery)		(30	)		(4	)		(23	)		775		(3	)		(80	)		-		121			(685	)		71
Ending balance	$	1,163			2,095			841			3,011		147			646			-		128			1,395			9,426
Allowance for loan losses March 31, 2022
Ending balance: individually
evaluated for impairment	$	1			38			657			6		-			-			-		-			-			702
Ending balance: collectively
evaluated for impairment		1,162			2,057			184			3,005		147			646			-		128			1,395			8,724
Ending balance	$	1,163			2,095			841			3,011		147			646			-		128			1,395			9,426
Loans at March 31, 2022:
Ending balance	$	95,025			272,991			22,137			354,169		58,927			73,409			863		12,237			-			889,758
Ending balance: individually
evaluated for impairment	$	4			859			9,494			1,426		-			-			-		-			-			11,783
Ending balance: collectively
evaluated for impairment	$	95,021			272,132			12,643			352,743		58,927			73,409			863		12,237			-			877,975

(Dollars in thousands)
	Real Estate Loans
	Construction and Land Development			Single-Family Residential			Single-Family Residential - Banco de la Gente non-traditional			Commercial		Multifamily and Farmland		Commercial			Farm		Consumer and All Other			Unallocated			Total
Three months ended March 31, 2021
Allowance for loan losses:
Beginning balance	$	1,196			1,843			1,052			2,212		122		1,345			-		128			2,010			9,908
Charge-offs		-			-			-			-		-		-			-		(85	)		-			(85	)
Recoveries		50			60			-			12		-		3			-		39			-			164
Provision (recovery)		(185	)		(53	)		(19	)		28		23		(104	)		-		9			(154	)		(455	)
Ending balance	$	1,061			1,850			1,033			2,252		145		1,244			-		91			1,856			9,532
Allowance for loan losses March 31, 2021
Ending balance: individually
evaluated for impairment	$	2			4			826			8		-		-			-		-			-			840
Ending balance: collectively
evaluated for impairment		1,059			1,846			207			2,244		145		1,244			-		91			1,856			8,692
Ending balance	$	1,061			1,850			1,033			2,252		145		1,244			-		91			1,856			9,532
Loans March 31, 2021:
Ending balance	$	87,878			264,356			26,278			337,943		57,914		160,892			860		10,376			-			946,497
Ending balance: individually
evaluated for impairment	$	7			1,444			11,193			2,098		-		141			-		-			-			14,883
Ending balance: collectively
evaluated for impairment	$	87,871			262,912			15,085			335,845		57,914		160,751			860		10,376			-			931,614

Credit Risk Profile Of Each Loan Type Based On Internally Assigned Risk Grade

March 31, 2022
(Dollars in thousands)
	Real Estate Loans
	Construction and Land Development		Single-Family Residential		Single-Family Residential - Banco de la Gente non-traditional		Commercial		Multifamily and Farmland		Commercial		Farm		Consumer		All Other		Total
1- Excellent Quality	$	-		3,134		-		-		-		360		-		566		-		4,060
2- High Quality		14,575		110,673		-		28,727		18		14,907		-		1,868		1,232		172,000
3- Good Quality		77,106		140,596		8,314		289,913		55,602		54,571		861		3,412		4,835		635,210
4- Management Attention		3,205		13,430		10,146		32,259		2,668		2,474		2		306		-		64,490
5- Watch		71		1,612		1,450		2,646		537		1,097		-		1		-		7,414
6- Substandard		68		3,546		2,227		624		102		-		-		17		-		6,584
7- Doubtful		-		-		-		-		-		-		-		-		-		-
8- Loss		-		-		-		-		-		-		-		-		-		-
Total	$	95,025		272,991		22,137		354,169		58,927		73,409		863		6,170		6,067		889,758

December 31, 2021
(Dollars in thousands)
	Real Estate Loans
	Construction and Land Development		Single-Family Residential		Single-Family Residential - Banco de la Gente non-traditional		Commercial		Multifamily and Farmland		Commercial		Farm		Consumer		All Other		Total
1- Excellent Quality	$	-		5,923		-		-		-		371		-		581		-		6,875
2- High Quality		11,752		109,337		-		28,546		19		16,177		-		2,039		1,309		169,179
3- Good Quality		80,325		129,856		8,712		272,786		54,945		68,183		792		3,510		3,931		623,040
4- Management Attention		3,534		14,964		10,478		30,937		2,754		5,214		4		284		-		68,169
5- Watch		76		2,464		1,703		4,938		543		1,177		-		1		-		10,902
6- Substandard		73		3,567		2,254		634		105		50		-		21		-		6,704
7- Doubtful		-		-		-		-		-		-		-		-		-		-
8- Loss		-		-		-		-		-		-		-		-		-		-
Total	$	95,760		266,111		23,147		337,841		58,366		91,172		796		6,436		5,240		884,869