Loans and allowance for loan losses (Tables)

9 Months Ended

Sep. 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 September 30, 2024 and December 31, 2023 are as follows (dollars in thousands):

	September 30, 2024				December 31, 2023
	Amount		%		Amount		%
Construction and land development
Residential	$	16,661	2.71	%	$	10,471	1.82	%
Commercial		36,247	5.90	%		37,024	6.44	%
		52,908	8.61	%		47,495	8.26	%
Commercial real estate
Owner occupied		129,747	21.10	%		122,666	21.33	%
Non-owner occupied		165,979	27.00	%		154,855	26.93	%
Multifamily		17,862	2.91	%		12,743	2.22	%
Farmland		318	0.05	%		326	0.06	%
		313,906	51.06	%		290,590	50.54	%
Consumer real estate
Home equity lines		22,384	3.64	%		21,557	3.75	%
Secured by 1-4 family residential,
First deed of trust		94,497	15.37	%		95,638	16.63	%
Second deed of trust		13,783	2.24	%		11,337	1.97	%
		130,664	21.25	%		128,532	22.35	%
Commercial and industrial loans
(except those secured by real estate)		98,878	16.08	%		86,203	14.99	%
Guaranteed student loans		13,645	2.22	%		17,923	3.12	%
Consumer and other		4,771	0.78	%		4,265	0.74	%
Total loans		614,772	100.0	%		575,008	100.0	%
Deferred and costs, net		612				803
Less: allowance for credit losses		(3,700)				(3,423)
	$	611,684			$	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):

	September 30,		December 31,
	2024		2023
Consumer real estate
Home equity lines	$	25	$	—
Secured by 1-4 family residential
First deed of trust		156	$	160
Second deed of trust		85		105
		266		265
Commercial and industrial loans
(except those secured by real estate)		103		26
Total loans	$	369	$	291

Schedule of information on the risk rating of loans by period

As of September 30, 2024 and december 31, 2023, 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
September 30, 2024
Construction and land development
Residential
Pass	$	8,364	$	2,793	$	1,358	$	339	$	—	$	—	$	3,807	$	—	$	16,661
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Residential	$	8,364	$	2,793	$	1,358	$	339	$	—	$	—	$	3,807	$	—	$	16,661
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial
Pass		4,349		7,309		10,343		13,195		201		850		—		—		36,247
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Commercial	$	4,349	$	7,309	$	10,343	$	13,195	$	201	$	850	$	—	$	—	$	36,247
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate
Owner occupied
Pass		12,033		13,238		23,203		18,798		9,497		48,221		1,650		—		126,640
Special Mention		—		—		—		—		—		3,107		—		—		3,107
Substandard		—		—		—		—		—		—		—		—		—
Total Owner occupied	$	12,033	$	13,238	$	23,203	$	18,798	$	9,497	$	51,328	$	1,650	$	—	$	129,747
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Non-owner occupied
Pass		11,725		11,463		29,220		27,256		22,869		53,861		4,727		—		161,121
Special Mention		—		—		—		2,135		—		2,723		—		—		4,858
Substandard		—		—		—		—		—		—		—		—		—
Total Non-owner occupied	$	11,725	$	11,463	$	29,220	$	29,391	$	22,869	$	56,584	$	4,727	$	—	$	165,979
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multifamily
Pass		5,249		1,300		—		2,293		257		6,654		2,109		—		17,862
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Multifamily	$	5,249	$	1,300	$	—	$	2,293	$	257	$	6,654	$	2,109	$	—	$	17,862
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Farmland
Pass		—		—		—		—		—		18		300		—		318
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Farmland	$	—	$	—	$	—	$	—	$	—	$	18	$	300	$	—	$	318
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer real estate
Home equity lines
Pass		—		—		—		—		—		—		22,239		—		22,239
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		145		—		145
Total Home equity lines	$	—	$	—	$	—	$	—	$	—	$	—	$	22,384	$	—	$	22,384
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Secured by 1-4 family residential
First deed of trust
Pass		12,170		27,947		13,909		13,587		6,696		17,521		—		—		91,830
Special Mention		—		2,304		—		—		—		207		—		—		2,511
Substandard		—		—		—		—		—		156		—		—		156
Total First deed of trust	$	12,170	$	30,251	$	13,909	$	13,587	$	6,696	$	17,884	$	—	$	—	$	94,497
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Second deed of trust
Pass		3,673		4,140		2,906		879		362		1,256		289		—		13,505
Special Mention		87		—		—		—		—		106		—		—		193
Substandard		—		—		—		—		—		85		—		—		85
Total Second deed of trust	$	3,760	$	4,140	$	2,906	$	879	$	362	$	1,447	$	289	$		$	13,783
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial and industrial loans
(except those secured by real estate)
Pass		15,243		16,463		12,945		9,815		4,363		4,113		34,809		—		97,751
Special Mention		—		—		85		—		—		92		847		—		1,024
Substandard		—		—		—		79		—		24		—		—		103
Total Commercial and industrial	$	15,243	$	16,463	$	13,030	$	9,894	$	4,363	$	4,229	$	35,656	$	—	$	98,878
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Guaranteed student loans
Pass		—		—		—		—		—		13,645		—		—		13,645
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Guaranteed student loans	$	—	$	—	$	—	$	—	$	—	$	13,645	$	—	$	—	$	13,645
Current period gross writeoff	$	16	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	16
Consumer and other
Pass		396		309		325		57		21		24		3,639		—		4,771
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Total Consumer and other	$	396	$	309	$	325	$	57	$	21	$	24	$	3,639	$		$	4,771
Current period gross writeoff	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total Current period gross writeoff	$	16	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	16
Total loans	$	73,289	$	87,266	$	94,294	$	88,433	$	44,266	$	152,663	$	74,561	$	—	$	614,772

																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
September 30, 2024
Construction and land development
Residential	$	—	$	—	$	—	$	—	$	16,661	$	16,661	$	—
Commercial		—		—		—		—		36,247		36,247		—
		—		—		—		—		52,908		52,908		—
Commercial real estate
Owner occupied		—		—		—		—		129,747		129,747		—
Non-owner occupied		16		—		—		16		165,963		165,979		—
Multifamily		—		—		—		—		17,862		17,862		—
Farmland		—		—		—		—		318		318		—
		16		—		—		16		313,890		313,906		—
Consumer real estate
Home equity lines		—		120		—		120		22,264		22,384		—
Secured by 1‑4 family residential
First deed of trust		—		—		—		—		94,497		94,497		—
Second deed of trust		—		—		—		—		13,783		13,783		—
		—		120		—		120		130,544		130,664		—
Commercial and industrial loans
(except those secured by real estate)		—		698		375		1,073		97,805		98,878		375
Guaranteed student loans		379		492		1,195		2,066		11,579		13,645		1,195
Consumer and other		—		—		22		22		4,749		4,771		—
Total loans	$	395	$	1,310	$	1,592	$	3,297	$	611,475	$	614,772	$	1,570

													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

	September 30, 2024						December 31, 2023
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		Allowance		Investment		Balance		Allowance
With no related allowance recorded
Consumer real estate
Home equity lines	$	25	$	25	$	—	$	—	$	—	$	—
Secured by 1‑4 family residential
First deed of trust		156		156		—		160		160		—
Second deed of trust		85		85		—		105		105		—
		266		266		—		265		265		—
Commercial and industrial loans
(except those secured by real estate)		24		24		—		26		26		—
		290		290		—		291		291		—
With an allowance recorded
Commercial and industrial loans
(except those secured by real estate)		79		79		15		—		—		—
		79		79		15		—		—		—
Total
Consumer real estate
Home equity lines		25		25		—		—		—		—
Secured by 1-4 family residential,
First deed of trust		156		156		—		160		160		—
Second deed of trust		85		85		—		105		105		—
		266		266		—		265		265		—
Commercial and industrial loans
(except those secured by real estate)		103		103		15		26		26		—
	$	369	$	369	$	15	$	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				Nine Months Ended
	September 30,				September 30,
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
With no related allowance recorded
Consumer real estate
Home equity lines	$	12	$	—	$	8	$	—
Secured by 1-4 family residential
First deed of trust		157		2		158		7
Second deed of trust		91		2		97		8
		260		4		263		15
Commercial and industrial loans
(except those secured by real estate)		20		4		23		4
		280		8		286		19
With an allowance recorded
Commercial and industrial loans
(except those secured by real estate)		46		1		40		4
		46		1		40		4
Total
Consumer real estate
Secured by 1-4 family residential,
First deed of trust		157		2		158		7
Second deed of trust		91		2		97		8
		260		4		263		15
Commercial and industrial loans
(except those secured by real estate)		66		5		63		8
	$	326	$	9	$	326	$	23

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 September 30, 2024
Construction and land development
Residential	$	84	$	18	$	—	$	—	$	102
Commercial		206		6		—		—		212
		290		24		—		—		314
Commercial real estate
Owner occupied		461		5		—		—		466
Non-owner occupied		1,469		14		—		—		1,483
Multifamily		84		(10)		—		—		74
Farmland		1		—		—		—		1
		2,015		9		—		—		2,024
Consumer real estate
Home equity lines		32		1		—		—		33
Secured by 1-4 family residential				—
First deed of trust		292		(14)		—		1		279
Second deed of trust		103		9		—		1		113
		427		(4)		—		2		425
Commercial and industrial loans
(except those secured by real estate)		726		(24)		—		30		732
Student loans		45		1		(5)		—		41
Consumer and other		34		(1)		—		1		34
Unallocated		144		(14)		—		—		130
	$	3,681	$	(9)	$	(5)	$	33	$	3,700

			Impact of		Provision for
	Beginning		adopting		(Recovery of)						Ending
	Balance		ASC 326		Credit Losses		Charge-offs		Recoveries		Balance
Three Months Ended September 30, 2023
Construction and land development
Residential	$	61	$	—	$	12	$	—	$	—	$	73
Commercial		268		—		24		—		—		292
		329		—		36		—		—		365
Commercial real estate
Owner occupied		379		—		18		—		—		397
Non-owner occupied		1,376		—		59		—		—		1,435
Multifamily		44		—		—		—		—		44
Farmland		—		—		3		—		—		3
		1,799		—		80		—		—		1,879
Consumer real estate
Home equity lines		32		—		2		—		—		34
Secured by 1-4 family residential						—
First deed of trust		245		—		24		—		1		270
Second deed of trust		84		—		3		—		5		92
		361		—		29		—		6		396
Commercial and industrial loans
(except those secured by real estate)		673		—		(223)		—		160		610
Student loans		44		—		16		(14)		—		46
Consumer and other		34		—		3		(2)		—		35
Unallocated		16		—		6		—		—		22
	$	3,256	$	—	$	(53)	$	(16)	$	166	$	3,353

			Provision for
	Beginning		(Recovery of)						Ending
	Balance		Credit Losses		Charge-offs		Recoveries		Balance
Nine Months Ended September 30, 2024
Construction and land development
Residential	$	86	$	16	$	—	$	—	$	102
Commercial		228		(16)		—		—		212
		314		—		—		—		314
Commercial real estate
Owner occupied		409		57		—		—		466
Non-owner occupied		1,467		16		—		—		1,483
Multifamily		44		30		—		—		74
Farmland		3		(2)		—		—		1
		1,923		101		—		—		2,024
Consumer real estate
Home equity lines		40		(17)		—		10		33
Secured by 1-4 family residential
First deed of trust		293		(17)		—		3		279
Second deed of trust		99		(100)		—		114		113
		432		(134)		—		127		425
Commercial and industrial loans
(except those secured by real estate)		640		55		—		37		732
Student loans		57		—		(16)		—		41
Consumer and other		36		(3)		—		1		34
Unallocated		21		109		—		—		130
	$	3,423	$	128	$	(16)	$	165	$	3,700

			Impact of		Provision for
	Beginning		adopting		(Recovery of)						Ending
	Balance		ASC 326		Loan Losses		Charge-offs		Recoveries		Balance
Nine Months Ended September 30, 2023
Construction and land development
Residential	$	79	$	3	$	(9)	$	—	$	—	$	73
Commercial		192		34		66		—		—		292
		271		37		57		—		—		365
Commercial real estate
Owner occupied		867		(475)		5		—		—		397
Non-owner occupied		1,289		192		(46)		—		—		1,435
Multifamily		33		7		4		—		—		44
Farmland		—		—		3		—		—		3
		2,189		(276)		(34)		—		—		1,879
Consumer real estate
Home equity lines		11		24		(1)		—		—		34
Secured by 1-4 family residential
First deed of trust		131		76		61		—		2		270
Second deed of trust		43		25		13		—		11		92
		185		125		73		—		13		396
Commercial and industrial loans
(except those secured by real estate)		576		1		(139)		—		172		610
Student loans		52		—		15		(21)		—		46
Consumer and other		37		(5)		5		(2)		—		35
Unallocated		60		(9)		(29)		—		—		22
	$	3,370	$	(127)	$	(52)	$	(23)	$	185	$	3,353

			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 September 30,
		2024		2023
Provision for credit losses:
Recovery for loans		$	(9)	$	(53)
Provision for unfunded commitments			9		53
Total		$	—	$	—

	Nine Months Ended September 30,
		2024		2023
Provision for credit losses:
Provision (recovery) for loans		$	128	$	(52)
Provision for unfunded commitments			22		52
Total		$	150	$	—

Schedule of loans evaluated for impairment

	Recorded Investment in Loans
	Allowance						Loans
	Ending						Ending
	Balance		Individually		Collectively		Balance		Individually		Collectively
Nine Months Ended September 30, 2024
Construction and land development
Residential	$	102	$	—	$	102	$	16,661	$	—	$	16,661
Commercial		212		—		212		36,247		—		36,247
		314		—		314		52,908		—		52,908
Commercial real estate
Owner occupied		466		—		466		129,747		—		129,747
Non-owner occupied		1,483		—		1,483		165,979		—		165,979
Multifamily		74		—		74		17,862		—		17,862
Farmland		1		—		1		318		—		318
		2,024		—		2,024		313,906		—		313,906
Consumer real estate
Home equity lines		33		—		33		22,384		25		22,359
Secured by 1-4 family residential
First deed of trust		279		—		279		94,497		156		94,341
Second deed of trust		113		—		113		13,783		85		13,698
		425		—		425		130,664		266		130,398
Commercial and industrial loans
(except those secured by real estate)		732		15		717		98,878		103		98,775
Student loans		41		—		41		13,645		—		13,645
Consumer and other		164		—		164		4,771		—		4,771
	$	3,700	$	15	$	3,685	$	614,772	$	369	$	614,403
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