Loans and allowance for loan losses

3 Months Ended

Mar. 31, 2024

Loans and allowance for credit losses

Loans and allowance for credit losses

Note 5 – Loans and allowance for credit losses

Loans classified by type as of March 31, 2024 and December 31, 2023 are as follows (dollars in thousands):

	March 31, 2024				December 31, 2023
	Amount		%		Amount		%
Construction and land development
Residential	$	9,077	1.53	%	$	10,471	1.82	%
Commercial		34,437	5.83	%		37,024	6.44	%
		43,514	7.36	%		47,495	8.26	%
Commercial real estate
Owner occupied		121,429	20.53	%		122,666	21.33	%
Non-owner occupied		165,508	27.99	%		154,855	26.93	%
Multifamily		18,254	3.09	%		12,743	2.22	%
Farmland		24	0.00	%		326	0.06	%
		305,215	51.61	%		290,590	50.54	%
Consumer real estate
Home equity lines		21,682	3.67	%		21,557	3.75	%
Secured by 1-4 family residential,
First deed of trust		95,994	16.23	%		95,638	16.63	%
Second deed of trust		11,955	2.02	%		11,337	1.97	%
		129,631	21.92	%		128,532	22.35	%
Commercial and industrial loans
(except those secured by real estate)		92,600	15.66	%		86,203	14.99	%
Guaranteed student loans		15,782	2.67	%		17,923	3.12	%
Consumer and other		4,596	0.78	%		4,265	0.74	%
Total loans		591,338	100.0	%		575,008	100.0	%
Deferred and costs, net		750				803
Less: allowance for credit losses		(3,574)				(3,423)
	$	588,514			$	572,388

The Bank has a purchased portfolio of rehabilitated student loans guaranteed by the U.S. Department of Education (“DOE”). The guarantee covers approximately 98% of principal and accrued interest. The loans are serviced by a third-party servicer that specializes in handling the special needs of the DOE student loan programs.

Loans pledged as collateral with the FHLB as part of their lending arrangement with the Company totaled $54.8 million and $35.5 million as of March 31, 2024, and December 31, 2023, respectively.

Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on nonaccrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured.

The following table provides information on nonaccrual loans segregated by type at the dates indicated (in thousands):

	March 31,		December 31,
	2024		2023
Consumer real estate
Secured by 1-4 family residential
First deed of trust	$	159	$	160
Second deed of trust		100		105
		259		265
Commercial and industrial loans
(except those secured by real estate)		22		26
Total loans	$	281	$	291

There were no individual allowances associated with the total nonaccrual loans of $281,000 and $291,000 at March 31, 2024 and December 31, 2023, respectively, that were considered collateral dependent.

The Company recognized $7,000 of interest on nonaccrual loans outstanding as of March 31, 2024.

Management considers the guidance in Accounting Standards Codification (“ASC”) 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination.  Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for purposes of the table below.

As of March 31, 2024, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows (in thousands):

																Revolving-	Total
	2024		2023		2022		2021			2020		Prior		Revolving		Term	Loans
March 31, 2024
Construction and land development
Residential
Pass	$	876	$	5,656	$	2,206	$	339	$	—	$	—	$	—	$	—	$	9,077
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Residential	$	876	$	5,656	$	2,206	$	339	$	—	$	—	$	—	$	—	$	9,077
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial
Pass		692		6,649		14,193		10,331		224		1,081		1,267		—		34,437
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Commercial	$	692	$	6,649	$	14,193	$	10,331	$	224	$	1,081	$	1,267	$	—	$	34,437
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate
Owner occupied
Pass		666		12,518		21,638		19,149		9,276		52,199		574		—		116,020
Special Mention		—		—		200		71		461		4,677		—		—		5,409
Substandard		—		—		—		—		—		—		—		—		—
Total Owner occupied	$	666	$	12,518	$	21,838	$	19,220	$	9,737	$	56,876	$	574	$	—	$	121,429
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Non-owner occupied
Pass		6,692		9,425		25,419		28,243		23,337		57,626		9,856		—		160,598
Special Mention		—		—		—		2,160		—		2,750		—		—		4,910
Substandard		—		—		—		—		—		—		—		—		—
Total Non-owner occupied	$	6,692	$	9,425	$	25,419	$	30,403	$	23,337	$	60,376	$	9,856	$	—	$	165,508
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Pass		5,250		1,300		—		2,434		542		6,857		1,871		—		18,254
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Multifamily	$	5,250	$	1,300	$	—	$	2,434	$	542	$	6,857	$	1,871	$	—	$	18,254
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Farmland
Pass		—		—		—		—		—		24		—		—		24
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Farmland	$	—	$	—	$	—	$	—	$	—	$	24	$	—	$	—	$	24
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer real estate
Home equity lines
Pass		—		—		445		—		—		—		21,162		—		21,607
Special Mention		—		—		—		—		—		—		75		—		75
Substandard		—		—		—		—		—		—		—		—		—
Total Home equity lines	$	—	$	—	$	445	$	—	$	—	$	—	$	21,237	$	—	$	21,682
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Secured by 1-4 family residential
First deed of trust
Pass		4,330		32,416		14,608		14,152		8,006		19,985		2,124		—		95,621
Special Mention		—		—		—		—		—		214		—		—		214
Substandard		—		—		—		—		—		159		—		—		159
Total First deed of trust	$	4,330	$	32,416	$	14,608	$	14,152	$	8,006	$	20,358	$	2,124	$	—	$	95,994
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Second deed of trust
Pass		593		4,485		3,088		1,009		388		1,572		522		—		11,657
Special Mention		88		—		—		—		—		110		—		—		198
Substandard		—		—		—		—		—		100		—		—		100
Total Second deed of trust	$	681	$	4,485	$	3,088	$	1,009	$	388	$	1,782	$	522	$		$	11,955
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial loans
(except those secured by real estate)
Pass		6,036		18,185		15,095		13,837		5,313		5,903		27,757		—		92,126
Special Mention		—		34		—		—		—		49		369		—		452
Substandard		—		—		—		—		11		11		—		—		22
Total Commercial and industrial	$	6,036	$	18,219	$	15,095	$	13,837	$	5,324	$	5,963	$	28,126	$	—	$	92,600
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Guaranteed student loans
Pass		—		—		—		—		—		15,782		—		—		15,782
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Guaranteed student loans	$	—	$	—	$	—	$	—	$	—	$	15,782	$	—	$	—	$	15,782
Current period gross writeoff	$	6	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer and other
Pass		242		424		403		107		38		22		3,360		—		4,596
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Consumer and other	$	242	$	424	$	403	$	107	$	38	$	22	$	3,360	$		$	4,596
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total Current period gross writeoff	$	6	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total loans	$	25,465	$	91,092	$	97,295	$	91,832	$	47,596	$	169,121	$	68,937	$	—	$	591,338

The following table presents the aging of the recorded investment in past due loans and leases as of the dates indicated (in thousands):

					Greater								Investment >
	30‑59 Days		60‑89 Days		Than		Total Past				Total		90 Days and
	Past Due		Past Due		90 Days		Due		Current		Loans		Accruing
March 31, 2024
Construction and land development
Residential	$	—	$	—	$	—	$	—	$	9,077	$	9,077	$	—
Commercial		—		—		—		—		34,437		34,437		—
		—		—		—		—		43,514		43,514		—
Commercial real estate
Owner occupied		—		—		—		—		121,429		121,429		—
Non-owner occupied		—		—		—		—		165,508		165,508		—
Multifamily		—		—		—		—		18,254		18,254		—
Farmland		—		—		—		—		24		24		—
		—		—		—		—		305,215		305,215		—
Consumer real estate
Home equity lines		247		—		—		247		21,435		21,682		—
Secured by 1‑4 family residential
First deed of trust		174		—		—		174		95,820		95,994		—
Second deed of trust		—		—		—		—		11,955		11,955		—
		421		—		—		421		129,210		129,631		—
Commercial and industrial loans
(except those secured by real estate)		719		49		375		1,143		91,457		92,600		375
Guaranteed student loans		588		342		2,200		3,130		12,652		15,782		2,200
Consumer and other		—		—		—		—		4,596		4,596		—
Total loans	$	1,728	$	391	$	2,575	$	4,694	$	586,644	$	591,338	$	2,575

													Recorded
					Greater								Investment >
	30-59 Days		60-89 Days		Than		Total Past				Total		90 Days and
	Past Due		Past Due		90 Days		Due		Current		Loans		Accruing
December 31, 2023
Construction and land development
Residential	$	—	$	—	$	—	$	—	$	10,471	$	10,471	$	—
Commercial		—		—		—		—		37,024		37,024		—
		—		—		—		—		47,495		47,495		—
Commercial real estate
Owner occupied		—		—		—		—		122,666		122,666		—
Non-owner occupied		—		—		—		—		154,855		154,855		—
Multifamily		—		—		—		—		12,743		12,743		—
Farmland		—		—		—		—		326		326		—
		—		—		—		—		290,590		290,590		—
Consumer real estate
Home equity lines		83		25		—		108		21,449		21,557		—
Secured by 1-4 family residential
First deed of trust		—		—		—		—		95,638		95,638		—
Second deed of trust		33		—		—		33		11,304		11,337		—
		116		25		—		141		128,391		128,532		—
Commercial and industrial loans
(except those secured by real estate)		—		—		—		—		86,203		86,203		—
Guaranteed student loans		690		493		2,228		3,411		14,512		17,923		2,228
Consumer and other		734		—		—		734		3,531		4,265		—
Total loans	$	1,540	$	518	$	2,228	$	4,286	$	570,722	$	575,008	$	2,228

Loans greater than 90 days past due consist of student loans that are guaranteed by the DOE which covers approximately 98% of the principal and interest. Accordingly, these loans will not be placed on nonaccrual status and are not considered to be impaired.

Loans that are individually evaluated for credit losses are limited to loans that have specific risk characteristics that are not shared by other loans and based on current information and events it is probable the Company will be unable to collect all amounts when due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. The repayment of these loans is expected to be substantially through the operations or the sale of the collateral. The allowance for credit losses on loans that are individually evaluated will be measured based on the fair value of the collateral either through operations or the sale of the collateral. When repayment is expected through the sale of the collateral, the allowance will be based on the fair value of the collateral less estimated costs to sell. Collateral dependent loans, or portions thereof, are charged off when deemed uncollectible.

Collateral dependent loans are set forth in the following table as of the dates indicated (in thousands):

	March 31, 2024						December 31, 2023
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		Allowance		Investment		Balance		Allowance
With no related allowance recorded
Secured by 1‑4 family residential
First deed of trust	$	159	$	159	$	—	$	160	$	160	$	—
Second deed of trust		100		100		—		105		105		—
		259		259		—		265		265		—
Commercial and industrial loans
(except those secured by real estate)		22		22		—		26		26		—
		281		281		—		291		291		—
Total
Secured by 1-4 family residential,
First deed of trust		159		159		—		160		160		—
Second deed of trust		100		100		—		105		105		—
		259		259		—		265		265		—
Commercial and industrial loans
(except those secured by real estate)		22		22		—		26		26		—
Consumer and other		—		—		—		—		—		—
	$	281	$	281	$	—	$	291	$	291	$	—

The following is a summary of average recorded investment in collateral dependent loans with and without a valuation allowance and interest income recognized on those loans for the periods indicated (in thousands):

	For the Three Months Ended				For the Three Months Ended
	March 31, 2024				March 31, 2023
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
With no related allowance recorded
Commercial real estate
Owner occupied	$	—	$	—	$	3,468	$	16
Non-owner occupied		—		—		496		—
		—		—		3,964		16
Consumer real estate
Home equity lines		—		—		300		6
Secured by 1-4 family residential
First deed of trust		160		2		1,394		2
Second deed of trust		103		5		186		1
		263		7		1,880		9
Commercial and industrial loans
(except those secured by real estate)		23		—		54		1
		286		7		5,898		26
With an allowance recorded
Commercial real estate
Owner occupied		—		—		191		—
		—		—		191		—
Consumer real estate
Secured by 1-4 family residential
First deed of trust		—		—		86		—
Second deed of trust		—		—		8		—
		—		—		94		—
Consumer and other		—		—		16		—
		—		—		301		—
Total
Commercial real estate
Owner occupied		—		—		3,659		16
Non-owner occupied		—		—		496		—
		—		—		4,155		16
Consumer real estate
Home equity lines		—		—		300		6
Secured by 1-4 family residential,
First deed of trust		160		2		1,480		2
Second deed of trust		103		5		194		1
		263		7		1,974		9
Commercial and industrial loans
(except those secured by real estate)		23		—		54		1
Consumer and other		—		—		16		—
	$	286	$	7	$	6,199	$	26

Loan Modifications to Borrowers in Financial Difficulty

As part of its credit risk management, the Company may modify a loan agreement with a borrower experiencing financial difficulties through a refinancing or restructuring of the borrower’s loan agreement. There were no modified loans identified during the three months ended March 31, 2024 and March 31, 2023.  

In accordance with ASC 326, the Company has segmented its loan portfolio based on similar risk characteristics by call report code. The Company’s forecast of estimated expected losses is based on a twelve-month forecast of the national rate of unemployment and external observations of historical loan losses. The Company uses the Federal Open Market Committee’s projection of unemployment for its reasonable and supportable forecasting of current expected credit losses. For the periods beyond the reasonable and supportable forecast period, projections of expected credit losses are based on a reversion to the long-run mean for the national unemployment rate. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider the following qualitative adjustment factors: changes in lending policies and procedures including changes in underwriting standards, and collections, charge-offs, and recovery practices, changes in international, national, regional, and local conditions, changes in the nature and volume of the portfolio and terms of loans, changes in experience, depth, and ability of lending management, changes in the volume and severity of past due loans and other similar conditions, changes in the quality of the organization’s loan review system, changes in the value of underlying collateral for collateral dependent loans, the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses.

Activity in the allowance for credit losses on loans is as follows for the periods indicated (in thousands):

			Provision for
	Beginning		(Recovery of)						Ending
	Balance		Credit Losses		Charge-offs		Recoveries		Balance
Three Months Ended March 31, 2024
Construction and land development
Residential	$	86	$	(29)	$	—	$	—	$	57
Commercial		228		(26)		—		—		202
		314		(55)		—		—		259
Commercial real estate
Owner occupied		409		28		—		—		437
Non-owner occupied		1,467		129		—		—		1,596
Multifamily		44		42		—		—		86
Farmland		3		(3)		—		—		—
		1,923		196		—		—		2,119
Consumer real estate
Home equity lines		40		(18)		—		10		32
Secured by 1-4 family residential				—
First deed of trust		293		4		—		1		298
Second deed of trust		99		(6)		—		5		98
		432		(20)		—		16		428
Commercial and industrial loans
(except those secured by real estate)		640		22		—		4		666
Student loans		57		4		(6)		—		55
Consumer and other		36		—		—		—		36
Unallocated		21		(10)		—		—		11
	$	3,423	$	137	$	(6)	$	20	$	3,574

			Impact of		Provision for
	Beginning		adopting		(Recovery of)						Ending
	Balance		ASC 326		Credit Losses		Charge-offs		Recoveries		Balance
Three Months Ended March 31, 2023
Construction and land development
Residential	$	79	$	3	$	(31)	$	—	$	—	$	51
Commercial		192		34		38		—		—		264
		271		37		7		—		—		315
Commercial real estate
Owner occupied		867		(475)		(1)		—		—		391
Non-owner occupied		1,289		192		(21)		—		—		1,460
Multifamily		33		7		—		—		—		40
Farmland		—		—		—		—		—		—
		2,189		(276)		(22)		—		—		1,891
Consumer real estate
Home equity lines		11		24		(2)		—		—		33
Secured by 1-4 family residential						—
First deed of trust		131		76		6		—		1		214
Second deed of trust		43		25		5		—		2		75
		185		125		9		—		3		322
Commercial and industrial loans
(except those secured by real estate)		576		1		(34)		—		6		549
Student loans		52		—		63		(3)		—		112
Consumer and other		37		(5)		2		—		—		34
Unallocated		60		(9)		(2)		—		—		49
	$	3,370	$	(127)	$	23	$	(3)	$	9	$	3,272

			Impact of		Provision for
	Beginning		adopting		(Recovery of)						Ending
	Balance		ASC 326		Loan Losses		Charge-offs		Recoveries		Balance
Year Ended December 31, 2023
Construction and land development
Residential	$	79	$	3	$	4	$	—	$	—	$	86
Commercial		192		34		2		—		—		228
		271		37		6		—		—		314
Commercial real estate
Owner occupied		867		(475)		17		—		—		409
Non-owner occupied		1,289		192		(14)		—		—		1,467
Multifamily		33		7		4		—		—		44
Farmland		—		—		3		—		—		3
		2,189		(276)		10		—		—		1,923
Consumer real estate
Home equity lines		11		24		5		—		—		40
Secured by 1-4 family residential
First deed of trust		131		76		83		—		3		293
Second deed of trust		43		25		15		—		16		99
		185		125		103		—		19		432
Commercial and industrial loans
(except those secured by real estate)		576		1		(110)		—		173		640
Student loans		52		—		35		(30)		—		57
Consumer and other		37		(5)		7		(3)		—		36
Unallocated		60		(9)		(30)		—		—		21
	$	3,370	$	(127)	$	21	$	(33)	$	192	$	3,423

Loans are required to be measured at amortized costs and to be presented at the net amount expected to be collected. Off balance sheet credit exposures, including loan commitments, are not recorded on balance sheet, but expected credit losses arising from off balance sheet credit exposures are recorded as a reserve for unfunded commitments and reported in Other Liabilities. Credit losses on available for sale debt securities are accounted for as an allowance for credit losses, which is a valuation account that is deducted from the amortized cost basis of the financial asset to present the net carrying value and the amount expected to be collected on the financial assets. The allowance for credit losses on loans, available for sale debt securities and the reserve for unfunded commitments are established through a provision for credit losses charged against earnings.

The following table presents a breakdown of the provision for credit losses for the periods indicated (in thousands):

	Three Months Ended March 31,
		2024		2023
Provision for credit losses:
Provision for loans		$	137	$	23
Provision (recovery) for unfunded commitments			13		(23)
Total		$	150	$	—

As of March 31, 2024, the allowance for credit losses was $3.89 million and included an allowance for credit losses on loans of $3.57 million and a reserve for unfunded commitments of $320,000.

The Company recorded a provision for credit losses for loans of $136,700 for the three months ended March 31, 2024, which was the result of loan growth as all credit metrics remained strong compared to year-end 2023. Non-performing loans as a percentage of loans decreased from 0.12% at March 31, 2023 to 0.05% at March 31, 2024.

The Company recorded a provision for credit losses for unfunded commitments of $13,300 for the three months ended March 31, 2024, which was driven by an increase in the total commitments outstanding at March 31, 2024.

The allowance for credit losses on loans to total loans ratio at the Company is 0.60% compared to the peer average of 1.11%, management considers this level of allowance sufficient and appropriate based on the current asset quality and assessment of the Company’s loan portfolio.

As of March 31, 2023, the allowance for credit losses was $3.53 million and included an allowance for credit losses on loans of $3.27 million and a reserve for unfunded commitments of $254,000.

The provision for credit for loans was driven by the increase in loan balances at March 31, 2023, while the recovery of credit losses for unfunded commitments was a result of the reduction in the total balance outstanding at March 31, 2023. The lack of an overall provision for credit losses was driven by stable local economic conditions and credit quality remaining strong. While higher inflation and the speed at which interest rates have been rising remain a risk to credit quality, we believe our current level of allowance for credit losses is sufficient.

Loans were evaluated for credit losses as follows for the periods indicated (in thousands):

	Recorded Investment in Loans
	Allowance						Loans
	Ending						Ending
	Balance		Individually		Collectively		Balance		Individually		Collectively
Three Months Ended March 31, 2024
Construction and land development
Residential	$	57	$	—	$	57	$	9,077	$	—	$	9,077
Commercial		202		—		202		34,437		—		34,437
		259		—		259		43,514		—		43,514
Commercial real estate
Owner occupied		437		—		437		121,429		—		121,429
Non-owner occupied		1,596		—		1,596		165,508		—		165,508
Multifamily		86		—		86		18,254		—		18,254
Farmland		—		—		—		24		—		24
		2,119		—		2,119		305,215		—		305,215
Consumer real estate
Home equity lines		32		—		32		21,682		—		21,682
Secured by 1-4 family residential
First deed of trust		298		—		298		95,994		159		95,835
Second deed of trust		98		—		98		11,955		100		11,855
		428		—		428		129,631		259		129,372
Commercial and industrial loans
(except those secured by real estate)		666		—		666		92,600		22		92,578
Student loans		55		—		55		15,782		—		15,782
Consumer and other		47		—		47		4,596		—		4,596
	$	3,574	$	—	$	3,574	$	591,338	$	281	$	591,057
Year Ended December 31, 2023
Construction and land development
Residential	$	86	$	—	$	86	$	10,471	$	—	$	10,471
Commercial		228		—		228		37,024		—		37,024
		314		—		314		47,495		—		47,495
Commercial real estate
Owner occupied		409		—		409		122,666		—		122,666
Non-owner occupied		1,467		—		1,467		154,855		—		154,855
Multifamily		44		—		44		12,743		—		12,743
Farmland		3		—		3		326		—		326
		1,923		—		1,923		290,590		—		290,590
Consumer real estate
Home equity lines		40		—		40		21,557		—		21,557
Secured by 1-4 family residential
First deed of trust		293		—		293		95,638		160		95,478
Second deed of trust		99		—		99		11,337		105		11,232
		432		—		432		128,532		265		128,267
Commercial and industrial loans
(except those secured by real estate)		640		—		640		86,203		26		86,177
Student loans		57		—		57		17,923		—		17,923
Consumer and other		57		—		57		4,265		—		4,265
	$	3,423	$	—	$	3,423	$	575,008	$	291	$	574,717