LOANS (Tables)

9 Months Ended

Sep. 30, 2022

Loans

Schedule of Loans receivable outstanding

(Dollars are in thousands)	September 30, 2022		December 31, 2021
Real estate secured:
Commercial	$	198,101	$	206,162
Construction and land development		38,598		32,325
Residential 1-4 family		226,706		224,530
Multifamily		29,062		33,048
Farmland		17,467		18,735
Total real estate loans		509,934		514,800
Commercial		45,126		54,325
Agriculture		3,799		4,021
Consumer installment loans		19,602		18,756
All other loans		1,413		1,842
Total loans	$	579,874	$	593,744

Summary of loans receivable on nonaccrual status

(Dollars are in thousands)	September 30, 2022		December 31, 2021
Real estate secured:
Commercial	$	273	$	415
Construction and land development		735		37
Residential 1-4 family		2,636		2,314
Multifamily		—		111
Farmland		43		48
Total real estate loans		3,687		2,925
Commercial		15		9
Consumer installment loans and other loans		4		7
Total loans receivable on nonaccrual status	$	3,706	$	2,941

Schedule of summary of impaired loans

As of September 30, 2022 (Dollars are in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance
With no related allowance recorded:
Real estate secured:
Commercial	$	92	$	133	$	—
Construction and land development		6		279		—
Residential 1-4 family		1,662		2,008		—
Multifamily		—		—		—
Farmland		268		437		—
Commercial		24		32		—
Agriculture		—		—		—
Consumer installment loans		—		—		—
All other loans		—		—		—
With an allowance recorded:
Real estate secured:
Commercial		291		361		69
Construction and land development		710		710		174
Residential 1-4 family		34		49		26
Multifamily		—		—		—
Farmland		—		—		—
Commercial		—		—		—
Agriculture		—		—		—
Consumer installment loans		—		—		—
All other loans		—		—		—
Total	$	3,087	$	4,009	$	269

As of December 31, 2021 (Dollars are in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance
With no related allowance recorded:
Real estate secured:
Commercial	$	99	$	140	$	—
Construction and land development		24		298		—
Residential 1-4 family		1,508		1,791		—
Multifamily		—		—		—
Farmland		320		490		—
Commercial		—		—		—
Agriculture		—		—		—
Consumer installment loans		2		2		—
All other loans		—		—		—
With an allowance recorded:
Real estate secured:
Commercial		315		372		94
Construction and land development		—		—		—
Residential 1-4 family		340		372		53
Multifamily		—		—		—
Farmland		197		209		17
Commercial		28		35		2
Agriculture		—		—		—
Consumer installment loans		—		—		—
All other loans		—		—		—
Total	$	2,833	$	3,709	$	166

The following tables present information concerning the Company’s average impaired loans and interest recognized on those impaired loans, for the periods indicated:

	Nine Months Ended
	September 30, 2022				September 30, 2021
(Dollars are in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Real estate secured:
Commercial	$	132	$	4	$	281	$	—
Construction and land development		25		13		75		9
Residential 1-4 family		1,578		37		1,773		24
Multifamily		—		—		—		—
Farmland		322		18		467		14
Commercial		12		1		—		—
Agriculture		—		—		—		—
Consumer installment loans		1		—		3		—
All other loans		—		—		—		—
With an allowance recorded:
Real estate secured:
Commercial		442		3		1,010		3
Construction and land development		364		17		—		—
Residential 1-4 family		243		6		338		6
Multifamily		25		—		—		—
Farmland		79		—		102		4
Commercial		34		1		129		1
Agriculture		—		—		—		—
Consumer installment loans		—		—		—		—
All other loans		—		—		—		—
Total	$	3,257	$	100	$	4,178	$	61

	Three Months Ended
	September 30, 2022				September 30, 2021
(Dollars are in thousands)	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Real estate secured:
Commercial	$	94	$	4	$	122	$	—
Construction and land development		9		9		56		5
Residential 1-4 family		1,553		23		1,764		10
Multifamily		—		—		—		—
Farmland		275		9		452		5
Commercial		25		1		—		—
Agriculture		—		—		—		—
Consumer installment loans		—		—		3		—
All other loans		—		—		—		—
With an allowance recorded:
Real estate secured:
Commercial		295		—		519		—
Construction and land development		727		17		—		—
Residential 1-4 family		167		6		357		6
Multifamily		25		—		—		—
Farmland		—		—		100		4
Commercial		—		—		29		—
Agriculture		—		—		—		—
Consumer installment loans		—		—		—		—
All other loans		—		—		—		—
Total	$	3,170	$	69	$	3,402	$	30

Summary age analysis of past due loans receivable

As of September 30, 2022 (Dollars are in thousands)	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total Loans
Real estate secured:
Commercial	$	—	$	—	$	—	$	—	$	198,101	$	198,101
Construction and land development		50		—		710		760		37,838		38,598
Residential 1-4 family		1,879		361		551		2,791		223,915		226,706
Multifamily		—		—		—		—		29,062		29,062
Farmland		43		—		—		43		17,424		17,467
Total real estate loans		1,972		361		1,261		3,594		506,340		509,934
Commercial		65		—		15		80		45,046		45,126
Agriculture		—		—		—		—		3,799		3,799
Consumer installment loans		28		32		4		64		19,538		19,602
All other loans		28		—		—		28		1,385		1,413
Total loans	$	2,093	$	393	$	1,280	$	3,766	$	576,108	$	579,874

As of December 31, 2021 (Dollars are in thousands)	Loans 30-59 Days Past Due		Loans 60-89 Days Past Due		Loans 90 or More Days Past Due		Total Past Due Loans		Current Loans		Total Loans
Real estate secured:
Commercial	$	—	$	—	$	—	$	—	$	206,162	$	206,162
Construction and land development		7		—		7		14		32,311		32,325
Residential 1-4 family		2,473		240		486		3,199		221,331		224,530
Multifamily		—		—		111		111		32,937		33,048
Farmland		—		—		—		—		18,735		18,735
Total real estate loans		2,480		240		604		3,324		511,476		514,800
Commercial		5		—		—		5		54,320		54,325
Agriculture		—		—		—		—		4,021		4,021
Consumer installment Loans		56		5		—		61		18,695		18,756
All other loans		—		—		—		—		1,842		1,842
Total loans	$	2,541	$	245	$	604	$	3,390	$	590,354	$	593,744

Summary of risk category of loans receivable

As of September 30, 2022 (Dollars are in thousands)	Pass		Special Mention		Substandard		Doubtful		Total
Real estate secured:
Commercial	$	193,557	$	4,271	$	273	$	—	$	198,101
Construction and land development		37,738		126		734		—		38,598
Residential 1-4 family		223,593		493		2,620		—		226,706
Multifamily		28,852		210		—		—		29,062
Farmland		16,538		886		43		—		17,467
Total real estate loans		500,278		5,986		3,670		—		509,934
Commercial		44,208		903		15		—		45,126
Agriculture		3,799		—		—		—		3,799
Consumer installment loans		19,595		3		4		—		19,602
All other loans		1,413		—		—		—		1,413
Total	$	569,293	$	6,892	$	3,689	$	—	$	579,874
As of December 31, 2021 (Dollars are in thousands)		Pass		Special Mention		Substandard		Doubtful		Total
Real estate secured:
Commercial	$	198,022	$	7,725	$	415	$	—	$	206,162
Construction and land development		31,366		922		37		—		32,325
Residential 1-4 family		221,342		915		2,273		—		224,530
Multifamily		32,499		438		111		—		33,048
Farmland		18,137		550		48		—		18,735
Total real estate loans		501,366		10,550		2,884		—		514,800
Commercial		53,162		1,154		9		—		54,325
Agriculture		4,021		—		—		—		4,021
Consumer installment loans		18,746		2		8		—		18,756
All other loans		1,842		—		—		—		1,842
Total	$	579,137	$	11,706	$	2,901	$	—	$	593,744