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ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”)
 6 Months Ended
Jun. 30, 2025
Allowance For Credit Losses For Loans  
ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”)

NOTE 7 ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”)

 

In determining the amount of our allowance for credit losses, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions. If our assumptions prove to be incorrect, our current allowance may not be sufficient to cover future loan losses and we may experience significant increases to our provision.

 

The following table presents a disaggregated analysis of activity in the allowance for credit losses for loans as of June 30, 2025 and December 31, 2024:

 

  Schedule of allowance for credit losses for loans                                    
       Real estate secured                 
  (Dollars are in thousands)    Commercial     Construction and Land Development     Residential 1-4 family     Multifamily     Farmland     Commercial     Agriculture     Consumer and All Other     Total 
  Three months ended June 30, 2025                                    
  Beginning balance  $               2,592  $                      316  $               2,909  $                    372  $                    155  $                    771  $                    114  $                    603  $               7,832
  Charge-offs                            -                                 -                               -                               -                               -                               -                         (50)                      (55)                  (105)
  Recoveries                            -                              11                         12                            3                            -                               1                            -                            39                         66
  Provision for credit losses                      (31)                           33                         77                         57                         27                      (35)                         (2)                         29                     155
  Ending balance  $               2,561  $                      360  $               2,998  $                    432  $                    182  $                    737  $                        62  $                    616  $               7,948
                                       
                                       
       Real estate secured                 
  (Dollars are in thousands)    Commercial     Construction and Land Development     Residential 1-4 family     Multifamily     Farmland     Commercial     Agriculture     Consumer and All Other     Total 
  Six months ended June 30, 2025                                    
  Beginning balance  $  12,565  $                      322  $               2,923  $                    382  $                    149  $                    751  $                        36  $                    556  $               7,684
  Charge-offs                            -                                 -                               -                               -                               -                         (18)                      (50)                  (115)                  (183)
  Recoveries                            -                              26                         22                            6                            3                            2                            -                            66                     125
  Provision for credit losses                         (4)                           12                         53                         44                         30                            2                         76                     109                     322
  Ending balance  $               2,561  $                      360  $               2,998  $                    432  $                    182  $                    737  $                        62  $                    616  $               7,948
                                       
                                       
                                       
       Real estate secured                 
  (Dollars are in thousands)    Commercial     Construction and Land Development     Residential 1-4 family     Multifamily     Farmland     Commercial     Agriculture     Consumer and All Other     Total 
  Year ended December 30, 2024                                    
  Beginning balance  $                           -     $                      104  $                    255  $                           -     $                           -     $               1,930  $                    148  $               2,437  $               4,874
  Charge-offs                  (180)                              -                         (75)                      (95)                            -                     (162)                            -                     (279)                  (791)
  Recoveries                     106                           44                     100                            -                        297                            9                            -                        157                     713
  Provision for credit losses                2,639                       174                2,643                     477                  (148)             (1,026)                  (112)             (1,759)                2,888
  Ending balance  $  12,565  $                      322  $               2,923  $                    382  $                    149  $                    751  $                        36  $                    556  $               7,684

 

 

Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.