LOANS (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Schedule of loans receivable outstanding

(Dollars in thousands)	June 30, 2024		December 31,  2023
Real estate secured:
Commercial	$	241,211	$	240,187
Construction and land development		28,447		28,830
Residential 1-4 family		236,661		238,233
Multifamily		35,104		34,571
Farmland		16,448		16,401
Total real estate loans		557,871		558,222
Commercial		50,788		53,230
Agriculture		3,623		3,508
Consumer installment loans		27,186		22,639
All other loans		466		512
Total loans	$	639,934	$	638,111

Schedule of Loans receivable nonaccrual status

				June 30, 2024						December 31, 2023
				With No Allowance		With an Allowance		Total		With No Allowance		With an Allowance		Total
(Dollars in thousands)
Real estate secured:
	Commercial		$	2,255	$	312	$	2,567	$	544	$	268	$	812
	Residential 1-4 family			2,634		-		2,634		2,495		-		2,495
	Multifamily			-		175		175		199		-		199
		Total real estate loans		4,889		487		5,376		3,238		268		3,506
Consumer installment loans and other loans				36		-		36		28		-		28
Total loans receivable on nonaccrual status			$	4,925	$	487	$	5,412	$	3,266	$	268	$	3,534

Schedule of summary of impaired loans

			June 30, 2024				December 31, 2023
			Unpaid Principal Balance		Related Allowance		Unpaid Principal Balance		Related Allowance
(Dollars in thousands)
Real estate secured:
	Commercial	$	2,546	$	262	$	812	$	64
	Residential 1-4 family		1,339		-		312		-
	Multi-family		175		96		-		-
Total real estate loans			4,060		358		1,124		64
Commercial			16		-		-		-
Total		$	4,076	$	358	$	1,124	$	64

Schedule of analysis of past due loans receivable

June 30, 2024 (Dollars 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	$	20	$	—	$	2,277	$	2,297	$	238,914	$	241,211
Construction and land development		10		—		—		10		28,437		28,447
Residential 1-4 family		2,901		945		1,014		4,860		231,801		236,661
Multifamily		—		—		—		—		35,104		35,104
Farmland		—		—		—		—		16,448		16,448
Total real estate loans		2,931		945		3,291		7,167		550,704		557,871
Commercial		120		—		—		120		50,668		50,788
Agriculture		—		—		—		—		3,623		3,623
Consumer installment Loans		98		20		8		126		27,060		27,186
All other loans		—		—		—		—		466		466
Total loans	$	3,149	$	965	$	3,299	$	7,413	$	632,521	$	639,934

The following table is an age analysis of past due loans receivable as of December 31, 2023, segregated by class:

December 31, 2023 (Dollars 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	$	878	$	—	$	268	$	1,146	$	239,041	$	240,187
Construction and land development		85		4		—		89		28,741		28,830
Residential 1-4 family		2,628		1,119		886		4,633		233,600		238,233
Multifamily		—		—		199		199		34,372		34,571
Farmland		—		—		—		—		16,401		16,401
Total real estate loans		3,591		1,123		1,353		6,067		552,155		558,222
Commercial		—		20		—		20		53,210		53,230
Agriculture		8		—		—		8		3,500		3,508
Consumer installment Loans		140		11		1		152		22,487		22,639
All other loans		—		—		—		—		512		512
Total loans	$	3,739	$	1,154	$	1,354	$	6,247	$	631,864	$	638,111

Schedule of credit risk grade of loans

As of June 30, 2024
(Dollars are in thousands)	2024			2023			2022			2021			2020		Prior			Revolving			Total
Commercial real estate
Pass	$	6,599		$	47,066		$	48,610		$	47,604		$	27,299	$	60,244		$	1,134		$	238,556
Special mention		—			—			—			—			—		87			—			87
Substandard		—			—			—			1,166			313		1,089			—			2,568
Total commercial real estate	$	6,599		$	47,066		$	48,610		$	48,770		$	27,612	$	61,420		$	1,134		$	241,211
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—	$	(1	)	$	—		$	(1	)
Construction and Land Development
Pass	$	6,080		$	10,537		$	2,207		$	4,142		$	2,411	$	3,070		$	—		$	28,447
Special mention		—			—			—			—			—		—			—			—
Substandard		—			—			—			—			—		—			—			—
Total construction and land development	$	6,080		$	10,537		$	2,207		$	4,142		$	2,411	$	3,070		$	—		$	28,447
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—	$	—		$	—		$	—
Residential 1-4 family
Pass	$	10,078		$	28,860		$	31,446		$	39,644		$	12,072	$	86,756		$	23,896		$	232,752
Special mention		—			—			—			—			—		252			—			252
Substandard		36			87			300			804			288		2,021			121			3,657
Total residential 1-4 family	$	10,114		$	28,947		$	31,746		$	40,448		$	12,360	$	89,029		$	24,017		$	236,661
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—	$	(24	)	$	—		$	(24	)
Multifamily
Pass	$	541		$	6,893		$	10,791		$	7,915		$	2,567	$	6,221		$	—		$	34,928
Special mention		—			—			—			—			—		—			—			—
Substandard		—			54			—			—			—		122			—			176
Total multifamily	$	541		$	6,947		$	10,791		$	7,915		$	2,567	$	6,343		$	—		$	35,104
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—	$	—		$	—		$	—
Farmland
Pass	$	1,214		$	1,804		$	2,116		$	3,239		$	761	$	7,156		$	—		$	16,290
Special mention		—			—			—			—			—		158			—			158
Substandard		—			—			—			—			—		—			—			—
Total farmland	$	1,214		$	1,804		$	2,116		$	3,239		$	761	$	7,314		$	—		$	16,448
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—	$	—		$	—		$	—
Commercial
Pass	$	8,033		$	15,997		$	6,463		$	3,311		$	1,082	$	3,836		$	12,063		$	50,785
Special mention		—			—			—			—			—		3			—			3
Substandard		—			—			—			—			—		—			—			—
Total commercial	$	8,033		$	15,997		$	6,463		$	3,311		$	1,082	$	3,839		$	12,063		$	50,788
Current period gross charge-offs	$	—		$	(34	)	$	(45	)	$	—		$	—	$	—		$	(68	)	$	(147	)
Agriculture
Pass	$	265		$	484		$	448		$	335		$	97	$	299		$	1,678		$	3,606
Special mention		—			—			—			—			—		—			—			—
Substandard		—			—			—			—			—		17			—			17
Total agriculture	$	265		$	484		$	448		$	335		$	97	$	316		$	1,678		$	3,623
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—	$	—		$	—		$	—
Consumer and All Other
Pass	$	9,576		$	9,791		$	3,635		$	1,825		$	710	$	1,633		$	447		$	27,617
Special mention		—			—			1			—			—		—			—			1
Substandard		6			2			6			17			3		—			—			34
Total consumer and all other	$	9,582		$	9,793		$	3,642		$	1,842		$	713	$	1,633		$	447		$	27,652
Current period gross charge-offs	$	(85	)	$	(20	)	$	(3	)	$	(6	)	$	—	$	—		$	(16	)	$	(130	)
Total	$	42,428		$	121,575		$	106,023		$	110,002		$	47,603	$	172,964		$	39,339		$	639,934
Total current period gross charge-offs	$	(85	)	$	(54	)	$	(48	)	$	(6	)	$	—	$	(25	)	$	(84	)	$	(302	)

The following table presents the credit risk grade of loans by origination year as of December 31, 2023:

As of December 31, 2023
(Dollars are in thousands)	2023			2022			2021			2020		2019			Prior			Revolving			Total
Commercial real estate
Pass	$	46,616		$	49,061		$	48,943		$	28,651	$	20,004		$	43,524		$	997		$	237,796
Special mention		—			—			1,171			314		—			92			—			1,577
Substandard		—			—			—			—		429			385			—			814
Total commercial real estate	$	46,616		$	49,061		$	50,114		$	28,965	$	20,433		$	44,001		$	997		$	240,187
Current period gross charge-offs	$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—
Construction and Land Development
Pass	$	12,043		$	5,990		$	4,738		$	2,521	$	1,799		$	1,637		$	—		$	28,728
Special mention		—			—			—			—		—			102			—			102
Substandard		—			—			—			—		—			—			—			—
Total construction and land development	$	12,043		$	5,990		$	4,738		$	2,521	$	1,799		$	1,739		$	—		$	28,830
Current period gross charge-offs	$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—
Residential 1-4 family
Pass	$	29,006		$	33,986		$	41,214		$	13,566	$	13,662		$	80,087		$	23,553		$	235,074
Special mention		—			—			—			—		—			259			—			259
Substandard		87			—			49			—		38			2,662			64			2,900
Total residential 1-4 family	$	29,093		$	33,986		$	41,263		$	13,566	$	13,700		$	83,008		$	23,617		$	238,233
Current period gross charge-offs	$	—		$	—		$	(30	)	$	—	$	—		$	(21	)	$	—		$	(51	)
Multifamily
Pass	$	5,779		$	11,483		$	7,965		$	2,626	$	1,081		$	5,438		$	—		$	34,372
Special mention		—			—			—			—		—			—			—			—
Substandard		—			—			—			—		—			199			—			199
Total multifamily	$	5,779		$	11,483		$	7,965		$	2,626	$	1,081		$	5,637		$	—		$	34,571
Current period gross charge-offs	$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—
Farmland
Pass	$	1,807		$	2,222		$	3,414		$	776	$	1,205		$	6,793		$	—		$	16,217
Special mention		—			—			—			—		—			184			—			184
Substandard		—			—			—			—		—			—			—			—
Total farmland	$	1,807		$	2,222		$	3,414		$	776	$	1,205		$	6,977		$	—		$	16,401
Current period gross charge-offs	$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—
Commercial
Pass	$	19,306		$	10,228		$	5,638		$	1,591	$	2,167		$	1,342		$	12,777		$	53,049
Special mention		78			100			—			—		—			3			—			181
Substandard		—			—			—			—		—			—			—			—
Total commercial	$	19,384		$	10,328		$	5,638		$	1,591	$	2,167		$	1,345		$	12,777		$	53,230
Current period gross charge-offs	$	—		$	(5	)	$	(14	)	$	—	$	(26	)	$	—		$	—		$	(45	)
Agriculture
Pass	$	565		$	518		$	347		$	127	$	67		$	649		$	1,217		$	3,490
Special mention		—			—			—			—		—			—			—			—
Substandard		—			—			—			—		—			18			—			18
Total agriculture	$	565		$	518		$	347		$	127	$	67		$	667		$	1,217		$	3,508
Current period gross charge-offs	$	—		$	—		$	—		$	—	$	—		$	(59	)	$	—		$	(59	)
Consumer and All Other
Pass	$	12,352		$	4,822		$	2,408		$	864	$	594		$	761		$	1,339		$	23,140
Special mention		—			1			—			—		—			—			—			1
Substandard		4			—			1			3		1			1			—			10
Total consumer and all other	$	12,356		$	4,823		$	2,409		$	867	$	595		$	762		$	1,339		$	23,151
Current period gross charge-offs	$	(198	)	$	(49	)	$	(13	)	$	—	$	—		$	(2	)	$	(59	)	$	(321	)
Total	$	127,643		$	118,411		$	115,888		$	51,039	$	41,047		$	144,136		$	39,947		$	638,111
Total current period gross charge-offs	$	(198	)	$	(54	)	$	(57	)	$	—	$	(26	)	$	(82	)	$	(59	)	$	(476	)