XML 79 R40.htm IDEA: XBRL DOCUMENT v3.24.1
ALLOWANCE FOR CREDIT LOSSES FOR LOANS (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Schedule of allocation of portion of allowance

 Schedule of allocation of portion of allowance

(Dollars are in thousands)    Commercial     Construction and Land Development     Residential 1-4 family     Multifamily     Farmland     Commercial     Agriculture     Consumer and All Other     Unallocated     Total 
Year ended December 31, 2023                                        
Beginning balance  $        2,364  $           345  $        2,364  $          262  $          153  $          381  $            32  $          386  $          440  $        6,727
Adjustment to allowance for adoption of ASU 2016-13          (299)            164           275             12             75           241              (5)          (103)          (440)            (80)
Charge-offs              -                  -               (51)              -                 -               (45)            (59)          (321)              -             (476)
Recoveries              -                 35             37           111              -                19               5           166              -              373
Provision for credit losses           453           (244)             41           124            (65)             77             60           266              -              712
Ending balance  $        2,518  $           300  $        2,666  $          509  $          163  $          673  $            33  $          394  $             -     $        7,256

 

 

The following tables present a disaggregated analysis of activity in the allowance for credit losses as of December 31, 2022, prior to the adoption of ASU 2016-13:

 

     Real estate secured                     
(Dollars are in thousands)    Commercial     Construction and Land Development     Residential 1-4 family     Multifamily     Farmland     Commercial     Agriculture     Consumer and All Other     Unallocated     Total 
Year ended December 31, 2022                                        
Beginning balance  $        2,134  $           189  $        2,237  $          254  $          149  $        1,099  $            28  $          108  $          537  $        6,735
Charge-offs              (5)           (149)            (64)          (111)              (1)            (45)              (1)          (559)              -             (935)
Recoveries             33                6           100               2             14             31               1           115              -              302
Provision           202            299             91           117              (9)          (704)               4           722            (97)           625
Ending balance  $        2,364  $           345  $        2,364  $          262  $          153  $          381  $            32  $          386  $          440  $        6,727
                                         
Allowance for loan losses at December 31, 2022                                  
Individually evaluated for impairment  $            63  $              -     $            23  $             -     $             -     $             -     $             -     $             -     $             -     $            86
Collectively evaluated for impairment         2,301            345         2,341           262           153           381             32           386           440         6,641
   $        2,364  $           345  $        2,364  $          262  $          153  $          381  $            32  $          386  $          440  $        6,727
                                         
Loans at December 31, 2022                                        
Individually evaluated for impairment  $          358  $           471  $        1,649  $             -     $          248  $            23  $             -     $             -     $             -     $        2,749
Collectively evaluated for impairment     196,711        41,999     225,583       29,710       17,496       46,965         3,756       19,644              -        581,864
   $    197,069  $       42,470  $    227,232  $      29,710  $      17,744  $      46,988  $        3,756  $      19,644  $             -     $    584,613