Loans and allowance for loan losses (Tables)

6 Months Ended

Jun. 30, 2024

Loans and allowance for credit losses

Schedule of composition of loan portfolio (excluding mortgage loans held for sale)

Loans classified by type as of June 30, 2024 and December 31, 2023 are as follows (dollars in thousands):

	June 30, 2024				December 31, 2023
	Amount		%		Amount		%
Construction and land development
Residential	$	13,080	2.16	%	$	10,471	1.82	%
Commercial		36,067	5.96	%		37,024	6.44	%
		49,147	8.12	%		47,495	8.26	%
Commercial real estate
Owner occupied		128,783	21.28	%		122,666	21.33	%
Non-owner occupied		162,621	26.86	%		154,855	26.93	%
Multifamily		18,293	3.02	%		12,743	2.22	%
Farmland		315	0.05	%		326	0.06	%
		310,012	51.21	%		290,590	50.54	%
Consumer real estate
Home equity lines		22,281	3.68	%		21,557	3.75	%
Secured by 1-4 family residential,
First deed of trust		95,196	15.72	%		95,638	16.63	%
Second deed of trust		12,808	2.12	%		11,337	1.97	%
		130,285	21.52	%		128,532	22.35	%
Commercial and industrial loans
(except those secured by real estate)		97,363	16.08	%		86,203	14.99	%
Guaranteed student loans		14,156	2.34	%		17,923	3.12	%
Consumer and other		4,445	0.73	%		4,265	0.74	%
Total loans		605,408	100.0	%		575,008	100.0	%
Deferred and costs, net		678				803
Less: allowance for credit losses		(3,681)				(3,423)
	$	602,405			$	572,388

Schedule of information on nonaccrual loans

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

	June 30,		December 31,
	2024		2023
Consumer real estate
Secured by 1-4 family residential
First deed of trust	$	157	$	160
Second deed of trust		96		105
		253		265
Commercial and industrial loans
(except those secured by real estate)		134		26
Total loans	$	387	$	291

Schedule of information on the risk rating of loans by period

As of June 30, 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
June 30, 2024
Construction and land development
Residential
Pass	$	5,528	$	4,902	$	2,311	$	339	$	—	$	—	$	—	$	—	$	13,080
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Residential	$	5,528	$	4,902	$	2,311	$	339	$	—	$	—	$	—	$	—	$	13,080
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial
Pass		1,271		7,430		14,118		10,277		214		959		1,798		—		36,067
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Commercial	$	1,271	$	7,430	$	14,118	$	10,277	$	214	$	959	$	1,798	$	—	$	36,067
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate
Owner occupied
Pass		8,890		12,906		24,293		19,014		9,161		50,313		625		—		125,202
Special Mention		—		—		—		—		456		3,125		—		—		3,581
Substandard		—		—		—		—		—		—		—		—		—
Total Owner occupied	$	8,890	$	12,906	$	24,293	$	19,014	$	9,617	$	53,438	$	625	$	—	$	128,783
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Non-owner occupied
Pass		9,535		9,379		28,949		28,023		23,128		54,241		4,476		—		157,731
Special Mention		—		—		—		2,148		—		2,742		—		—		4,890
Substandard		—		—		—		—		—		—		—		—		—
Total Non-owner occupied	$	9,535	$	9,379	$	28,949	$	30,171	$	23,128	$	56,983	$	4,476	$	—	$	162,621
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Pass		5,250		1,300		—		2,363		537		6,751		2,092		—		18,293
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Multifamily	$	5,250	$	1,300	$	—	$	2,363	$	537	$	6,751	$	2,092	$	—	$	18,293
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Farmland
Pass		—		—		—		—		—		20		295		—		315
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Farmland	$	—	$	—	$	—	$	—	$	—	$	20	$	295	$	—	$	315
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer real estate
Home equity lines
Pass		—		—		—		—		—		—		22,206		—		22,206
Special Mention		—		—		—		—		—		—		75		—		75
Substandard		—		—		—		—		—		—		—		—		—
Total Home equity lines	$	—	$	—	$	—	$	—	$	—	$	—	$	22,281	$	—	$	22,281
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Secured by 1-4 family residential
First deed of trust
Pass		7,483		30,394		14,148		14,019		7,834		18,826		2,124		—		94,828
Special Mention		—		—		—		—		—		211		—		—		211
Substandard		—		—		—		—		—		157		—		—		157
Total First deed of trust	$	7,483	$	30,394	$	14,148	$	14,019	$	7,834	$	19,194	$	2,124	$	—	$	95,196
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Second deed of trust
Pass		1,768		4,377		2,996		989		375		1,464		547		—		12,516
Special Mention		87		—		—		—		—		109		—		—		196
Substandard		—		—		—		—		—		96		—		—		96
Total Second deed of trust	$	1,855	$	4,377	$	2,996	$	989	$	375	$	1,669	$	547	$		$	12,808
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial loans
(except those secured by real estate)
Pass		11,149		17,274		13,894		12,044		5,003		5,135		32,098		—		96,597
Special Mention		—		—		93		—		—		123		416		—		632
Substandard		—		—		—		83		—		51		—		—		134
Total Commercial and industrial	$	11,149	$	17,274	$	13,987	$	12,127	$	5,003	$	5,309	$	32,514	$	—	$	97,363
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Guaranteed student loans
Pass		—		—		—		—		—		14,156		—		—		14,156
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Guaranteed student loans	$	—	$	—	$	—	$	—	$	—	$	14,156	$	—	$	—	$	14,156
Current period gross writeoff	$	11	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	11
Consumer and other
Pass		283		394		363		81		30		16		3,278		—		4,445
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Consumer and other	$	283	$	394	$	363	$	81	$	30	$	16	$	3,278	$		$	4,445
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total Current period gross writeoff	$	11	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	11
Total loans	$	51,244	$	88,356	$	101,165	$	89,380	$	46,738	$	158,495	$	70,030	$	—	$	605,408

																Revolving-	Total
	2023		2022		2021		2020			2019		Prior		Revolving		Term	Loans
December 31, 2023
Construction and land development
Residential
Pass	$	6,320	$	3,812	$	339	$	—	$	—	$	—	$	—	$	—	$	10,471
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Residential	$	6,320	$	3,812	$	339	$	—	$	—	$	—	$	—	$	—	$	10,471
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial
Pass		5,007		14,506		10,339		235		—		1,183		5,754		—		37,024
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Commercial	$	5,007	$	14,506	$	10,339	$	235	$	—	$	1,183	$	5,754	$	—	$	37,024
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate
Owner occupied
Pass		11,945		21,846		20,044		9,855		12,145		41,067		788		—		117,690
Special Mention		—		202		73		—		—		4,701		—		—		4,976
Substandard		—		—		—		—		—		—		—		—		—
Total Owner occupied	$	11,945	$	22,048	$	20,117	$	9,855	$	12,145	$	45,768	$	788	$	—	$	122,666
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Non-owner occupied
Pass		9,468		25,607		28,455		23,567		9,528		47,645		3,312		—		147,582
Special Mention		—		—		2,173		—		—		5,100		—		—		7,273
Substandard		—		—		—		—		—		—		—		—		—
Total Non-owner occupied	$	9,468	$	25,607	$	30,628	$	23,567	$	9,528	$	52,745	$	3,312	$	—	$	154,855
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Pass		1,300		—		2,503		548		885		6,113		1,394		—		12,743
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Multifamily	$	1,300	$	—	$	2,503	$	548	$	885	$	6,113	$	1,394	$	—	$	12,743
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Farmland
Pass		—		—		—		—		—		26		300		—		326
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Farmland	$	—	$	—	$	—	$	—	$	—	$	26	$	300	$	—	$	326
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer real estate
Home equity lines
Pass		—		446		—		—		—		—		21,036		—		21,482
Special Mention		—		—		—		—		—		—		75		—		75
Substandard		—		—		—		—		—		—		—		—		—
Total Home equity lines	$	—	$	446	$	—	$	—	$	—	$	—	$	21,111	$	—	$	21,557
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Secured by 1-4 family residential
First deed of trust
Pass		34,067		14,288		15,613		8,107		2,957		17,427		2,125		—		94,584
Special Mention		—		—		—		170		—		724		—		—		894
Substandard		—		—		—		—		—		160		—		—		160
Total First deed of trust	$	34,067	$	14,288	$	15,613	$	8,277	$	2,957	$	18,311	$	2,125	$	—	$	95,638
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Second deed of trust
Pass		4,530		3,207		1,027		397		1,067		626		266		—		11,120
Special Mention		—		—		—		—		45		67		—		—		112
Substandard		—		—		—		—		—		105		—		—		105
Total Second deed of trust	$	4,530	$	3,207	$	1,027	$	397	$	1,112	$	798	$	266	$		$	11,337
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial loans
(except those secured by real estate)
Pass		15,022		15,900		15,321		5,634		2,852		3,698		27,068		—		85,495
Special Mention		37		—		—		—		318		22		306		—		683
Substandard		—		—		—		13		—		12		—		—		25
Total Commercial and industrial	$	15,059	$	15,900	$	15,321	$	5,647	$	3,170	$	3,732	$	27,374	$	—	$	86,203
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Guaranteed student loans
Pass		—		—		—		—		—		17,923		—		—		17,923
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Guaranteed student loans	$	—	$	—	$	—	$	—	$	—	$	17,923	$	—	$	—	$	17,923
Current period gross writeoff	$	30	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	30
Consumer and other
Pass		455		483		123		50		17		11		3,126		—		4,265
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Consumer and other	$	455	$	483	$	123	$	50	$	17	$	11	$	3,126	$		$	4,265
Current period gross writeoff	$	3	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	3
Total Current period gross writeoff	$	33	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	33
Total loans	$	88,151	$	100,297	$	96,010	$	48,576	$	29,814	$	146,610	$	65,550	$	—	$	575,008

Schedule of aging of recorded investment in past due loans and leases

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
June 30, 2024
Construction and land development
Residential	$	—	$	—	$	—	$	—	$	13,080	$	13,080	$	—
Commercial		—		—		—		—		36,067		36,067		—
		—		—		—		—		49,147		49,147		—
Commercial real estate
Owner occupied		—		—		—		—		128,783		128,783		—
Non-owner occupied		—		—		—		—		162,621		162,621		—
Multifamily		—		—		—		—		18,293		18,293		—
Farmland		—		—		—		—		315		315		—
		—		—		—		—		310,012		310,012		—
Consumer real estate
Home equity lines		25		—		—		25		22,256		22,281		—
Secured by 1‑4 family residential
First deed of trust		—		—		—		—		95,196		95,196		—
Second deed of trust		—		—		—		—		12,808		12,808		—
		25		—		—		25		130,260		130,285		—
Commercial and industrial loans
(except those secured by real estate)		46		1,086		—		1,132		96,231		97,363		—
Guaranteed student loans		547		172		1,050		1,769		12,387		14,156		1,050
Consumer and other		—		—		17		17		4,428		4,445		—
Total loans	$	618	$	1,258	$	1,067	$	2,943	$	602,465	$	605,408	$	1,050

													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

Schedule of collateral dependent loans

	June 30, 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	$	157	$	157	$	—	$	160	$	160	$	—
Second deed of trust		96		96		—		105		105		—
		253		253		—		265		265		—
Commercial and industrial loans
(except those secured by real estate)		9		9		—		26		26		—
		262		262		—		291		291		—
With an allowance recorded
Commercial and industrial loans
(except those secured by real estate)		125		125		17		—		—		—
		125		125		17		—		—		—
Total
Secured by 1-4 family residential,
First deed of trust		157		157		—		160		160		—
Second deed of trust		96		96		—		105		105		—
		253		253		—		265		265		—
Commercial and industrial loans
(except those secured by real estate)		134		134		17		26		26		—
Consumer and other		—		—		—		—		—		—
	$	387	$	387	$	17	$	291	$	291	$	—

Schedule of average recorded investment in impaired loans

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 Six Months Ended
	June 30, 2024				June 30, 2024
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
With no related allowance recorded
Consumer real estate
Secured by 1-4 family residential
First deed of trust	$	158	$	3	$	159	$	5
Second deed of trust		98		5		100		6
		256		8		259		11
Commercial and industrial loans
(except those secured by real estate)		11		—		16		—
		267		8		275		11
With an allowance recorded
Commercial and industrial loans
(except those secured by real estate)		134		5		134		8
		134		5		134		8
Total
Consumer real estate
Secured by 1-4 family residential,
First deed of trust		158		3		159		5
Second deed of trust		98		5		100		6
		256		8		259		11
Commercial and industrial loans
(except those secured by real estate)		145		5		150		8
Consumer and other		—		—		—		—
	$	401	$	13	$	409	$	19

Schedule of activity in the allowance for loan 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 June 30, 2024
Construction and land development
Residential	$	57	$	27	$	—	$	—	$	84
Commercial		202		4		—		—		206
		259		31		—		—		290
Commercial real estate
Owner occupied		437		24		—		—		461
Non-owner occupied		1,596		(127)		—		—		1,469
Multifamily		86		(2)		—		—		84
Farmland		—		1		—		—		1
		2,119		(104)		—		—		2,015
Consumer real estate
Home equity lines		32		—		—		—		32
Secured by 1-4 family residential				—
First deed of trust		298		(7)		—		1		292
Second deed of trust		98		(103)		—		108		103
		428		(110)		—		109		427
Commercial and industrial loans
(except those secured by real estate)		666		57		—		3		726
Student loans		55		(5)		(5)		—		45
Consumer and other		36		(2)		—		—		34
Unallocated		11		133		—		—		144
	$	3,574	$	—	$	(5)	$	112	$	3,681

			Impact of		Provision for
	Beginning		adopting		(Recovery of)						Ending
	Balance		ASC 326		Credit Losses		Charge-offs		Recoveries		Balance
Three Months Ended June 30, 2023
Construction and land development
Residential	$	51	$	—	$	10	$	—	$	—	$	61
Commercial		264		—		3		—		—		267
		315		—		13		—		—		328
Commercial real estate
Owner occupied		391		—		(12)		—		—		379
Non-owner occupied		1,460		—		(84)		—		—		1,376
Multifamily		40		—		—		—		—		40
Farmland		—		—		—		—		—		—
		1,891		—		(96)		—		—		1,795
Consumer real estate
Home equity lines		33		—		30		—		—		63
Secured by 1-4 family residential						—
First deed of trust		214		—		5		—		—		219
Second deed of trust		75		—		4		—		4		83
		322		—		39		—		4		365
Commercial and industrial loans
(except those secured by real estate)		549		—		118		—		6		673
Student loans		112		—		(95)		(4)		—		13
Consumer and other		34		—		1		—		—		35
Unallocated		49		—		(2)		—		—		47
	$	3,272	$	—	$	(22)	$	(4)	$	10	$	3,256

			Provision for
	Beginning		(Recovery of)						Ending
	Balance		Credit Losses		Charge-offs		Recoveries		Balance
Six Months Ended June 30, 2024
Construction and land development
Residential	$	86	$	(2)	$	—	$	—	$	84
Commercial		228		(22)		—		—		206
		314		(24)		—		—		290
Commercial real estate
Owner occupied		409		52		—		—		461
Non-owner occupied		1,467		2		—		—		1,469
Multifamily		44		40		—		—		84
Farmland		3		(2)		—		—		1
		1,923		92		—		—		2,015
Consumer real estate
Home equity lines		40		(18)		—		10		32
Secured by 1-4 family residential
First deed of trust		293		(3)		—		2		292
Second deed of trust		99		(109)		—		113		103
		432		(130)		—		125		427
Commercial and industrial loans
(except those secured by real estate)		640		79		—		7		726
Student loans		57		(1)		(11)		—		45
Consumer and other		36		(2)		—		—		34
Unallocated		21		123		—		—		144
	$	3,423	$	137	$	(11)	$	132	$	3,681

			Impact of		Provision for
	Beginning		adopting		(Recovery of)						Ending
	Balance		ASC 326		Loan Losses		Charge-offs		Recoveries		Balance
Six Months Ended June 30, 2023
Construction and land development
Residential	$	79	$	3	$	(21)	$	—	$	—	$	61
Commercial		192		34		41		—		—		267
		271		37		20		—		—		328
Commercial real estate
Owner occupied		867		(475)		(13)		—		—		379
Non-owner occupied		1,289		192		(105)		—		—		1,376
Multifamily		33		7		—		—		—		40
Farmland		—		—		—		—		—		—
		2,189		(276)		(118)		—		—		1,795
Consumer real estate
Home equity lines		11		24		28		—		—		63
Secured by 1-4 family residential
First deed of trust		131		76		11		—		1		219
Second deed of trust		43		25		9		—		6		83
		185		125		48		—		7		365
Commercial and industrial loans
(except those secured by real estate)		576		1		84		—		12		673
Student loans		52		—		(32)		(7)		—		13
Consumer and other		37		(5)		3		—		—		35
Unallocated		60		(9)		(4)		—		—		47
	$	3,370	$	(127)	$	1	$	(7)	$	19	$	3,256

			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

Schedule of provision for credit losses

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

	Three Months Ended June 30,
		2024		2023
Provision for credit losses:
Recovery (provision) for loans		$	—	$	(22)
Provision for unfunded commitments			—		22
Total		$	—	$	—

	Six Months Ended June 30,
		2024		2023
Provision for credit losses:
Recovery for loans		$	137	$	1
Provision (recovery) for unfunded commitments			13		(1)
Total		$	150	$	—

Schedule of loans evaluated for impairment

	Recorded Investment in Loans
	Allowance						Loans
	Ending						Ending
	Balance		Individually		Collectively		Balance		Individually		Collectively
Six Months Ended June 30, 2024
Construction and land development
Residential	$	84	$	—	$	84	$	13,080	$	—	$	13,080
Commercial		206		—		206		36,067		—		36,067
		290		—		290		49,147		—		49,147
Commercial real estate
Owner occupied		461		—		461		128,783		—		128,783
Non-owner occupied		1,469		—		1,469		162,621		—		162,621
Multifamily		84		—		84		18,293		—		18,293
Farmland		1		—		1		315		—		315
		2,015		—		2,015		310,012		—		310,012
Consumer real estate
Home equity lines		32		—		32		22,281		—		22,281
Secured by 1-4 family residential
First deed of trust		292		—		292		95,196		157		95,039
Second deed of trust		103		—		103		12,808		96		12,712
		427		—		427		130,285		253		130,032
Commercial and industrial loans
(except those secured by real estate)		726		17		709		97,363		134		97,229
Student loans		45		—		45		14,156		—		14,156
Consumer and other		178		—		178		4,445		—		4,445
	$	3,681	$	17	$	3,664	$	605,408	$	387	$	605,021
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