LOANS (Tables)

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

Schedule of loans receivable outstanding

(Dollars in thousands)	March 31, 2025		December 31, 2024
Real estate secured:
Commercial	$	249,143	$	243,646
Construction and land development		35,875		36,112
Residential 1-4 family		237,664		234,860
Multifamily		32,157		32,379
Farmland		17,927		16,921
Total real estate loans		572,766		563,918
Commercial		62,021		60,587
Agriculture		5,004		4,025
Consumer installment and all other loans		30,940		29,006
Total loans	$	670,731	$	657,536

Schedule of loans receivable nonaccrual status

			March 31, 2025						December 31, 2024
			With No Allowance		With an Allowance		Total		With No Allowance		With an Allowance		Total
(Dollars in thousands)
Real estate secured:
	Commercial	$	405	$	-	$	405	$	411	$	-	$	411
	Construction and land development		329		-		329		300		-		300
	Residential 1-4 family		2,689		178		2,867		2,232		178		2,410
Total real estate loans			3,423		178		3,601		2,943		178		3,121
Commercial			59		-		59		66		-		66
Agriculture			-		802		802		-		-		-
Consumer installment loans and other loans			45		-		45		56		14		70
Total loans receivable on nonaccrual status		$	3,527	$	980	$	4,507	$	3,081	$	192	$	3,273

Schedule of summary of impaired loans

			March 31, 2025				December 31, 2024
			Unpaid Principal Balance		Related Allowance		Unpaid Principal Balance		Related Allowance
(Dollars in thousands)
Real estate secured:
	Commercial	$	396	$	-	$	396	$	-
	Construction and land development		300		-		300		-
	Residential 1-4 family		1,388		178		1,008		177
Total real estate loans			2,084		178		1,704		177
Agriculture			802		78		-		-
Consumer installment loans and other loans			-		-		13		3
Total		$	2,886	$	256	$	1,717	$	180

Schedule of analysis of past due loans receivable

March 31, 2025 (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	$	326	$	—	$	396	$	722	$	248,421	$	249,143
Construction and land development		—		—		300		300		35,575		35,875
Residential 1-4 family		1,692		633		477		2,802		234,862		237,664
Multifamily		—		—		—		—		32,157		32,157
Farmland		205		—		—		205		17,722		17,927
Total real estate loans		2,223		633		1,173		4,029		568,737		572,766
Commercial		—		26		13		39		61,982		62,021
Agriculture		815		—		—		815		4,189		5,004
Consumer installment and all other loans		113		7		2		122		30,818		30,940
Total loans	$	3,151	$	666	$	1,188	$	5,005	$	665,726	$	670,731

The following table is an age analysis of past due loans receivable as of December 31, 2024, segregated by class:

December 31, 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	$	—	$	255	$	156	$	411	$	243,235	$	243,646
Construction and land development		3		333		—		336		35,776		36,112
Residential 1-4 family		2,413		1,810		510		4,733		230,127		234,860
Multifamily		—		—		—		—		32,379		32,379
Farmland		207		—		—		207		16,714		16,921
Total real estate loans		2,623		2,398		666		5,687		558,231		563,918
Commercial		166		77		—		243		60,344		60,587
Agriculture		37		—		—		37		3,988		4,025
Consumer installment and all other loans		89		88		30		207		28,799		29,006
Total loans	$	2,915	$	2,563	$	696	$	6,174	$	651,362	$	657,536

Schedule of credit risk grade of loans

As of March 31, 2025
(Dollars are in thousands)	2024			2023			2022			2021			2020			Prior			Revolving			Total
Commercial real estate
Pass	$	8,844		$	19,769		$	46,919		$	47,054		$	45,056		$	80,724		$	370		$	248,736
Special mention		—			—			—			—			—			—			—			—
Substandard		—			—			—			255			142			10			—			407
Total commercial real estate	$	8,844		$	19,769		$	46,919		$	47,309		$	45,198		$	80,734		$	370		$	249,143
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Construction and Land Development
Pass	$	1,978		$	20,627		$	4,979		$	2,183		$	2,176		$	3,602		$	—		$	35,545
Special mention		—			—			—			—			—			—			—			—
Substandard		—			330			—			—			—			—			—			330
Total construction and land development	$	1,978		$	20,957		$	4,979		$	2,183		$	2,176		$	3,602		$	—		$	35,875
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Residential 1-4 family
Pass	$	8,658		$	20,312		$	24,553		$	28,797		$	38,591		$	84,010		$	28,852		$	233,773
Special mention		—			—			—			—			—			292			—			292
Substandard		—			104			255			40			786			2,270			144			3,599
Total residential 1-4 family	$	8,658		$	20,416		$	24,808		$	28,837		$	39,377		$	86,572		$	28,996		$	237,664
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Multifamily
Pass	$	552		$	1,500		$	4,635		$	10,208		$	6,759		$	8,503		$	—		$	32,157
Special mention		—			—			—			—			—			—			—			—
Substandard		—			—			—			—			—			—			—			—
Total multifamily	$	552		$	1,500		$	4,635		$	10,208		$	6,759		$	8,503		$	—		$	32,157
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Farmland
Pass	$	1,496		$	2,666		$	1,331		$	1,983		$	2,773		$	7,538		$	—		$	17,787
Special mention		—			—			—			—			—			140			—			140
Substandard		—			—			—			—			—			—			—			—
Total farmland	$	1,496		$	2,666		$	1,331		$	1,983		$	2,773		$	7,678		$	—		$	17,927
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Commercial
Pass	$	8,021		$	15,816		$	12,275		$	3,980		$	2,029		$	3,312		$	16,527		$	61,960
Special mention		—			—			—			—			—			2			—			2
Substandard		—			—			—			—			26			—			33			59
Total commercial	$	8,021		$	15,816		$	12,275		$	3,980		$	2,055		$	3,314		$	16,560		$	62,021
Current period gross charge-offs	$	—		$	(8	)	$	—		$	—		$	—		$	—		$	(10	)	$	(18	)
Agriculture
Pass	$	356		$	863		$	290		$	299		$	165		$	170		$	2,044		$	4,187
Special mention		—			—			—			—			—			—			—			—
Substandard		—			305			—			—			—			16			496			817
Total agriculture	$	356		$	1,168		$	290		$	299		$	165		$	186		$	2,540		$	5,004
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Consumer and All Other
Pass	$	5,526		$	12,546		$	6,301		$	2,368		$	1,185		$	1,868		$	1,108		$	30,902
Special mention		—			—			—			—			—			—			—			—
Substandard		—			3			14			10			9			2			—			38
Total consumer and all other	$	5,526		$	12,549		$	6,315		$	2,378		$	1,194		$	1,870		$	1,108		$	30,940
Current period gross charge-offs	$	(35	)	$	(8	)	$	(7	)	$	(5	)	$	(1	)	$	(4	)	$	—		$	(60	)
Total	$	35,431		$	94,841		$	101,552		$	97,177		$	99,697		$	192,459		$	49,574		$	670,731
Total current period gross charge-offs	$	(35	)	$	(16	)	$	(7	)	$	(5	)	$	(1	)	$	(4	)	$	(10	)	$	(78	)

The following table presents the credit risk grade of loans by origination year as of December 31, 2024:

As of December 31, 2024
(Dollars are in thousands)	2024			2023			2022			2021			2020			Prior			Revolving			Total
Commercial real estate
Pass	$	20,653		$	47,052		$	43,553		$	46,902		$	27,155		$	56,369		$	1,541		$	243,225
Special mention		—			—			—			—			—			9			—			9
Substandard		—			—			255			141			—			16			—			412
Total commercial real estate	$	20,653		$	47,052		$	43,808		$	47,043		$	27,155		$	56,394		$	1,541		$	243,646
Current period gross charge-offs	$	—		$	—		$	—		$	(179	)	$	—		$	—		$	(1	)	$	(180	)
Construction and Land Development
Pass	$	17,654		$	5,078		$	6,240		$	3,019		$	1,719		$	2,089		$	—		$	35,799
Special mention		—			—			—			—			—			12			—			12
Substandard		301			—			—			—			—			—			—			301
Total construction and land development	$	17,955		$	5,078		$	6,240		$	3,019		$	1,719		$	2,101		$	—		$	36,112
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Residential 1-4 family
Pass	$	19,094		$	27,861		$	29,510		$	38,329		$	11,265		$	78,424		$	26,933		$	231,416
Special mention		—			—			—			—			—			319			—			319
Substandard		104			257			42			723			238			1,647			114			3,125
Total residential 1-4 family	$	19,198		$	28,118		$	29,552		$	39,052		$	11,503		$	80,390		$	27,047		$	234,860
Current period gross charge-offs	$	—		$	(38	)	$	—		$	—		$	—		$	(37	)	$	—		$	(75	)
Multifamily
Pass	$	1,564		$	4,829		$	10,313		$	6,818		$	2,505		$	6,350		$	—		$	32,379
Special mention		—			—			—			—			—			—			—			—
Substandard		—			—			—			—			—			—			—			—
Total multifamily	$	1,564		$	4,829		$	10,313		$	6,818		$	2,505		$	6,350		$	—		$	32,379
Current period gross charge-offs	$	—		$	(53	)	$	—		$	—		$	—		$	(42	)	$	—		$	(95	)
Farmland
Pass	$	2,669		$	1,333		$	2,045		$	2,812		$	730		$	7,186		$	—		$	16,775
Special mention		—			—			—			—			—			146			—			146
Substandard		—			—			—			—			—			—			—			—
Total farmland	$	2,669		$	1,333		$	2,045		$	2,812		$	730		$	7,332		$	—		$	16,921
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Commercial
Pass	$	18,298		$	13,490		$	4,780		$	2,305		$	801		$	2,560		$	18,284		$	60,518
Special mention		—			—			—			—			—			2			—			2
Substandard		1			—			—			31			—			—			35			67
Total commercial	$	18,299		$	13,490		$	4,780		$	2,336		$	801		$	2,562		$	18,319		$	60,587
Current period gross charge-offs	$	—		$	(34	)	$	(55	)	$	—		$	—		$	—		$	(73	)	$	(162	)
Agriculture
Pass	$	1,333		$	322		$	339		$	232		$	35		$	195		$	1,553		$	4,009
Special mention		—			—			—			—			—			—			—			—
Substandard		—			—			—			—			—			16			—			16
Total agriculture	$	1,333		$	322		$	339		$	232		$	35		$	211		$	1,553		$	4,025
Current period gross charge-offs	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Consumer and All Other
Pass	$	14,500		$	7,982		$	2,706		$	1,276		$	424		$	880		$	1,158		$	28,926
Special mention		—			—			—			—			—			—			—			—
Substandard		17			22			20			19			2			—			—			80
Total consumer and all other	$	14,517		$	8,004		$	2,726		$	1,295		$	426		$	880		$	1,158		$	29,006
Current period gross charge-offs	$	(163	)	$	(62	)	$	(14	)	$	(7	)	$	(9	)	$	—		$	(24	)	$	(279	)
Total	$	96,188		$	108,226		$	99,803		$	102,607		$	44,874		$	156,220		$	49,618		$	657,536
Total current period gross charge-offs	$	(163	)	$	(187	)	$	(69	)	$	(186	)	$	(9	)	$	(79	)	$	(98	)	$	(791	)