Loans (Tables)

6 Months Ended

Jun. 30, 2025

Loans

Major classifications of loans

(Dollars in thousands)
	June 30, 2025			December 31, 2024
Real estate loans:
Construction and land development	$	122,087			122,328
Single-family residential		397,717			384,509
Commercial		491,602			471,444
Multifamily and farmland		71,092			69,671
Total real estate loans		1,082,498			1,047,952
Loans not secured by real estate:
Commercial		57,835			63,837
Farm		467			401
Consumer		6,126			6,475
All other		11,049			19,739
Total loans		1,157,975			1,138,404
Less allowance for credit losses		(9,792	)		(9,995	)
Total net loans	$	1,148,183			1,128,409

Age analysis of past due loans, by loan type

June 30, 2025
(Dollars in thousands)
	Loans 30-89 Days Past Due		Nonaccrual Loans		Total Past Due Loans		Total Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
Real estate loans:
Construction and land development	$	241		33		274		121,813		122,087		-
Single-family residential		1,138		4,164		5,302		392,415		397,717		-
Commercial		-		409		409		491,193		491,602		-
Multifamily and farmland		-		-		-		71,092		71,092		-
Total real estate loans		1,379		4,606		5,985		1,076,513		1,082,498		-
Loans not secured by real estate:
Commercial		272		209		481		57,354		57,835		-
Farm		-		-		-		467		467		-
Consumer		15		7		22		6,104		6,126		-
All other		-		-		-		11,049		11,049		-
Total loans	$	1,666		4,822		6,488		1,151,487		1,157,975		-

December 31, 2024
(Dollars in thousands)
	Loans 30-89 Days Past Due		Nonaccrual Loans		Total Past Due Loans		Total Current Loans		Total Loans		Accruing Loans 90 or More Days Past Due
Real estate loans:
Construction and land development	$	131		37		168		122,160		122,328		-
Single-family residential		5,434		3,720		9,154		375,355		384,509		-
Commercial		87		426		513		470,931		471,444		-
Multifamily and farmland		-		-		-		69,671		69,671		-
Total real estate loans		5,652		4,183		9,835		1,038,117		1,047,952		-
Loans not secured by real estate:
Commercial		360		248		608		63,229		63,837		-
Farm		-		-		-		401		401		-
Consumer		33		9		42		6,433		6,475		-
All other		-		-		-		19,739		19,739		-
Total loans	$	6,045		4,440		10,485		1,127,919		1,138,404		-

Non-accrual loans

	June 30, 2025
	Nonaccrual Loans		Nonaccrual Loans		Total
	With No		With		Nonaccrual
(Dollars in thousands)	Allowance		Allowance		Loans
Real estate loans:
Construction and land development	$	-		33		33
Single-family residential		1,320		2,845		4,165
Commercial		409		-		409
Multifamily and farmland		-		-		-
Total real estate loans		1,729		2,878		4,607
Loans not secured by real estate:
Commercial		186		22		208
Consumer		-		7		7
Total	$	1,915		2,907		4,822

	December 31, 2024
	Nonaccrual Loans		Nonaccrual Loans		Total
	With No		With		Nonaccrual
(Dollars in thousands)	Allowance		Allowance		Loans
Real estate loans:
Construction and land development	$	37		-		37
Single-family residential		3,720		-		3,720
Commercial		426		-		426
Multifamily and farmland		-		-		-
Total real estate loans		4,183		-		4,183
Loans not secured by real estate:
Commercial		248		-		248
Consumer		9		-		9
Total	$	4,440		-		4,440

Performance of loans

	June 30, 2025				December 31, 2024
			Allowance for				Allowance for
(Dollars in thousands)	Amortized Cost		Credit Losses		Amortized Cost		Credit Losses
Real estate loans:
Construction and land development	$	33		1		37		-
Single-family residential		4,164		25		3,720		-
Commercial		409		-		426		-
Multifamily and farmland		-		-		-		-
Total real estate loans		4,606		26		4,183		-
Loans not secured by real estate:
Commercial		209		-		248		-
Consumer		-		-		-		-
Total	$	4,815		26		4,431		-

Non-accrual loans not considered to be collateral dependent

	June 30, 2025
									Financial Assets
(Dollars in thousands)									Not Considered
	Residential Property		Developed Land		Commercial Property		Business Assets		Collateral Dependent		Total
Real estate loans:
Construction and land development	$	-		33		-		-		-		33
Single-family residential		4,164		-		-		-		-		4,164
Commercial		-		-		409		-		-		409
Multifamily and farmland		-		-		-		-		-		-
Total real estate loans		4,164		33		409		-		-		4,606
Loans not secured by real estate:
Commercial		-		-		-		209		-		209
Consumer		-		-		-		-		7		7
Total	$	4,164		33		409		209		7		4,822
Collateral Value	$	12,220		88		832		215

	December 31, 2024
									Financial Assets
(Dollars in thousands)									Not Considered
	Residential Property		Developed  Land		Commercial Property		Business Assets		Collateral Dependent		Total
Real estate loans:
Construction and land development	$	-		37		-		-		-		37
Single-family residential		3,720		-		-		-		-		3,720
Commercial		-		-		426		-		-		426
Multifamily and farmland		-		-		-		-		-		-
Total real estate loans		3,720		37		426		-		-		4,183
Loans not secured by real estate:
Commercial		-		-		-		248		-		248
Consumer		-		-		-		-		9		9
Total	$	3,720		37		426		248		9		4,440
Collateral Value	$	9,648		88		944		272

Loan disaggregation by its class and concession granted

(Dollars in thousands)
	Amortized Cost Basis at June 30, 2024		% of Loan Class			Modification Type	Financial Effect
Loan class:
Single-family residential	$	201		0.05	%	Interest rate reduction	Adjustable rate loan converted to fixed rate loan
Total	$	201

(Dollars in thousands)
	Amortized Cost Basis at June 30, 2024		% of Loan Class			Modification Type	Financial Effect
Loan class:
Single-family residential	$	201		0.05	%	Interest rate reduction	Adjustable rate loan converted to fixed rate loan
Commercial not secured by real estate		73		0.11	%	Term extension	Line of credit converted to amortizing term loan
Total	$	274

June 30, 2024
(Dollars in thousands)
	Payment Status (Amortized Cost Basis)
	Current		30 - 89 Days Past Due		90 + Days Past Due
Loan type:
Single-family residential	$	201
Commercial not secured by real estate		73		-		-
Total	$	274		-		-

Schedule Of allowance of credit losses

(Dollars in thousands)
	Real Estate Loans
	Construction and Land Development			Single-Family Residential			Commercial			Multifamily and Farmland			Commercial			Farm		Consumer and All Other			Total
Three months ended June 30, 2025
Allowance for credit losses:
Beginning balance	$	3,463			3,362			2,337			242			439			1		203			10,047
Charge-offs		-			-			-			-			(37	)		-		(135	)		(172	)
Recoveries		-			39			-			-			25			-		38			102
Provision (recovery) for
loan losses (1)		(187	)		15			(53	)		(11	)		(21	)		-		72			(185	)
Ending balance	$	3,276			3,416			2,284			231			406			1		178			9,792
Allowance for credit loss-loans	$	3,276			3,416			2,284			231			406			1		178			9,792
Allowance for credit losses
loan commitments		1,257			-			-			-			-			-		1			1,258
Total allowance for credit losses	$	4,533			3,416			2,284			231			406			1		179			11,050
Six months ended June 30, 2025
Allowance for credit losses:
Beginning balance	$	3,385			3,386			2,322			246			446			1		209			9,995
Charge-offs		-			(5	)		-			-			(37	)		-		(242	)		(284	)
Recoveries		-			44			-			-			30			-		109			183
Provision (recovery) for
loan losses (1)		(109	)		(9	)		(38	)		(15	)		(33	)		-		102			(102	)
Ending balance	$	3,276			3,416			2,284			231			406			1		178			9,792
Allowance for credit loss-loans	$	3,276			3,416			2,284			231			406			1		178			9,792
Allowance for credit losses
loan commitments		1,257			-			-			-			-			-		1			1,258
Total allowance for credit losses	$	4,533			3,416			2,284			231			406			1		179			11,050

(Dollars in thousands)
	Real Estate Loans
	Construction and Land Development			Single-Family Residential			Commercial			Multifamily and Farmland			Commercial			Farm			Consumer and All Other			Total
Three months ended June 30, 2024
Allowance for credit losses:
Beginning balance	$	3,680			3,597			2,345			313			672			2			238			10,847
Charge-offs		-			(126	)		-			-			(301	)		-			(145	)		(572	)
Recoveries		-			15			1			-			34			-			26			76
Provision (recovery) for
loan losses (1)		(362	)		(2	)		28			(42	)		(37	)		(1	)		81			(335	)
Ending balance	$	3,318			3,484			2,374			271			368			1			200			10,016
Allowance for credit loss-loans	$	3,318			3,484			2,374			271			368			1			200			10,016
Allowance for credit losses
loan commitments		1,541			1			1			-			19			-			3			1,565
Total allowance for credit losses	$	4,859			3,485			2,375			271			387			1			203			11,581
Six months ended June 30, 2024
Allowance for credit losses:
Beginning balance	$	3,913			3,484			2,317			268			812			2			245			11,041
Charge-offs		-			(126	)		-			-			(747	)		-			(355	)		(1,228	)
Recoveries		-			71			203			-			39			-			62			375
Provision (recovery) for
loan losses (1)		(595	)		55			(146	)		3			264			(1	)		248			(172	)
Ending balance	$	3,318			3,484			2,374			271			368			1			200			10,016
Allowance for credit loss-loans	$	3,318			3,484			2,374			271			368			1			200			10,016
Allowance for credit losses
loan commitments		1,541			1			1			-			19			-			3			1,565
Total allowance for credit losses	$	4,859			3,485			2,375			271			387			1			203			11,581

Schedule of credit quality indicator and amortized cost of bank's loan

	Term Loans by Origination Year														Revolving
															Loans
(dollars in thousands)													Revolving		Converted to		Total
	2025		2024		2023		2022		2021		Prior		Loans		Term Loans		Loans
June 30, 2025
Real Estate Loans Construction and land development
Pass	$	23,478		37,209		23,583		19,656		4,811		7,969		-		4,884		121,590
Watch		-		-		-		-		439		-		-		-		439
Substandard		-		-		-		-		-		58		-		-		58
Total Construction and land development	$	23,478		37,209		23,583		19,656		5,250		8,027		-		4,884		122,087
Single family
Pass	$	17,019		26,540		37,468		71,857		42,161		80,599		115,316		-		390,960
Watch		-		-		-		-		-		1,862		-		-		1,862
Substandard		-		-		30		1,320		94		3,136		315		-		4,895
Total single family	$	17,019		26,540		37,498		73,177		42,255		85,597		115,631		-		397,717
Commercial
Pass	$	31,215		59,529		45,484		138,457		68,157		142,594		2,698		-		488,134
Watch		-		-		-		449		-		2,218		-		-		2,667
Substandard		-		-		-		-		-		801		-		-		801
Total commercial	$	31,215		59,529		45,484		138,906		68,157		145,613		2,698		-		491,602
Multifamily and farmland
Pass	$	6,696		984		8,145		20,293		20,253		14,681		-		-		71,052
Watch		-		-		-		-		-		40		-		-		40
Substandard		-		-		-		-		-		-		-		-		-
Total multifamily and farmland	$	6,696		984		8,145		20,293		20,253		14,721		-		-		71,092
Total real estate loans	$	78,408		124,262		114,710		252,032		135,915		253,958		118,329		4,884		1,082,498
Loans not secured by real estate Commercial
Pass	$	4,816		7,687		11,562		4,068		2,319		10,612		16,250		-		57,314
Watch		-		-		-		136		16		160		-		-		312
Substandard		-		-		22		187		-		-		-		-		209
Total Commercial	$	4,816		7,687		11,584		4,391		2,335		10,772		16,250		-		57,835
Farm
Pass	$	105		46		162		6		-		-		148		-		467
Watch		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Total farm	$	105		46		162		6		-		-		148		-		467
Consumer
Pass	$	1,033		1,169		846		493		123		115		2,321		-		6,100
Watch		-		-		-		19		-		-		-		-		19
Substandard		-		-		-		-		-		7		-		-		7
Total consumer	$	1,033		1,169		846		512		123		122		2,321		-		6,126
All other
Pass	$	1,144		455		48		6,147		326		2,851		78		-		11,049
Watch		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Total all other	$	1,144		455		48		6,147		326		2,851		78		-		11,049
Total loans not secured by real estate	$	7,098		9,357		12,640		11,056		2,784		13,745		18,797		-		75,477
Total loans	$	85,506		133,619		127,350		263,088		138,699		267,703		137,126		4,884		1,157,975

	Term Loans by Origination Year														Revolving
															Loans
(dollars in thousands)													Revolving		Converted to		Total
	2024		2023		2022		2021		2020		Prior		Loans		Term Loans		Loans
December 31, 2024
Real Estate Loans Construction and land development
Pass	$	41,171		29,503		34,495		6,836		5,792		4,020		-		-		121,817
Watch		-		-		-		443		-		-		-		-		443
Substandard		-		-		-		-		-		68		-		-		68
Total Construction and  land development	$	41,171		29,503		34,495		7,279		5,792		4,088		-		-		122,328
Single family
Pass	$	22,169		35,865		73,663		43,900		22,363		66,074		113,067		-		377,101
Watch		-		-		-		-		-		1,469		993		-		2,462
Substandard		-		31		1,000		-		124		3,467		324		-		4,946
Total single family	$	22,169		35,896		74,663		43,900		22,487		71,010		114,384		-		384,509
Commercial
Pass	$	56,411		46,589		135,881		71,066		58,223		97,122		2,296		-		467,588
Watch		-		-		-		-		87		2,943		-		-		3,030
Substandard		-		-		-		-		400		426		-		-		826
Total commercial	$	56,411		46,589		135,881		71,066		58,710		100,491		2,296		-		471,444
Multifamily and farmland
Pass	$	998		8,455		20,786		20,638		6,055		12,186		443		-		69,561
Watch		-		-		-		-		-		43		-		-		43
Substandard		-		-		-		-		-		67		-		-		67
Total multifamily and farmland	$	998		8,455		20,786		20,638		6,055		12,296		443		-		69,671
Total real estate loans	$	120,749		120,443		265,825		142,883		93,044		187,885		117,123		-		1,047,952
Loans not secured by real estate
Commercial
Pass	$	9,153		11,335		6,045		3,107		1,707		11,864		20,032		-		63,243
Watch		-		-		136		19		23		167		1		-		346
Substandard		-		25		223		-		-		-		-		-		248
Total Commercial	$	9,153		11,360		6,404		3,126		1,730		12,031		20,033		-		63,837
Farm
Pass	$	53		195		17		50		-		-		86		-		401
Watch		-		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-		-
Total farm	$	53		195		17		50		-		-		86		-		401
Consumer
Pass	$	1,777		1,232		666		176		99		64		2,397		-		6,411
Watch		-		-		53		-		-		-		-		-		53
Substandard		-		-		-		-		-		8		3		-		11
Total consumer	$	1,777		1,232		719		176		99		72		2,400		-		6,475
All other
Pass	$	972		-		10,002		376		217		2,878		5,164		-		19,609
Watch		-		-		-		-		-		130		-		-		130
Substandard		-		-		-		-		-		-		-		-		-
Total all other	$	972		-		10,002		376		217		3,008		5,164		-		19,739
Total loans not secured by real estate	$	11,955		12,787		17,142		3,728		2,046		15,111		27,683		-		90,452
Total loans	$	132,704		133,230		282,967		146,611		95,090		202,996		144,806		-		1,138,404

Schedule of credit quality indicator gross loan charge off

June 30, 2025	Gross Loan Charge-offs by Origination Year														Revolving
															Loans
(dollars in thousands)													Revolving		Converted to		Total
	2025		2024		2023		2022		2021		Prior		Loans		Term Loans		Loans
Real estate loans:
Construction and land development	$	-		-		-		-		-		-		-		-		-
Single-family residential		-		-		-		-		-		-		5		-		5
Commercial		-		-		-		-		-		-		-		-		-
Multifamily and farmland		-		-		-		-		-		-		-		-		-
Total real estate loans		-		-		-		-		-		-		5		-		5
Loans not secured by real estate:
Commercial		-		-		-		37		-		-		-		-		37
Consumer		-		6		-		-		-		236		-		-		242
All other		-		-		-		-		-		-		-		-		-
Total gross charge-offs	$	-		6		-		37		-		236		5		-		284

December 31, 2024	Gross Loan Charge-offs by Origination Year														Revolving
															Loans
(dollars in thousands)													Revolving		Converted to		Total
	2024		2023		2022		2021		2020		Prior		Loans		Term Loans		Loans
Real estate loans:
Construction and land development	$	-		-		-		-		-		-		-		-		-
Single-family residential		-		-		126		-		-		5		-		-		131
Commercial		-		-		-		-		-		-		-		-		-
Multifamily and farmland		-		-		-		-		-		-		-		-		-
Total real estate loans		-		-		126		-		-		5		-		-		131
Loans not secured by real estate:
Commercial		-		447		397		74		179		37		-		-		1,134
Consumer		5		37		9		-		1		557		-		-		609
All other		-		-		-		-		-		107		-		-		107
Total gross charge-offs	$	5		484		532		74		180		706		-		-		1,981