XML 29 R20.htm IDEA: XBRL DOCUMENT v3.22.1
LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Portfolio of Loans Outstanding The portfolios of loans receivable at March 31, 2022 and December 31, 2021, consist of the following:
 March 31, 2022December 31, 2021
 AmountAmount
 (Dollars in thousands)
Commercial and Industrial$38,825 $57,151 
Construction136,010 154,077 
Real Estate Mortgage:  
Commercial – Owner Occupied132,275 123,672 
Commercial – Non-owner Occupied316,253 306,486 
Residential – 1 to 4 Family779,882 750,525 
Residential – Multifamily84,970 84,964 
Consumer7,624 7,972 
Total Loans$1,495,839 $1,484,847 
Age Analysis of Past Due Loans by Class
An age analysis of past due loans by class at March 31, 2022 and December 31, 2021 is as follows:

March 31, 202230-59
Days Past
Due		60-89
Days Past
Due		Greater
than 90
Days and
Not
Accruing		Total Past
Due		CurrentTotal
Loans		Loans > 90 Days and Accruing
 (Dollars in Thousands)
Commercial and Industrial$93 $— $1,335 $1,428 $37,397 $38,825 $— 
Construction— — — — 136,010 136,010 — 
Real Estate Mortgage:      
Commercial – Owner Occupied— — 1,016 1,016 131,259 132,275 — 
Commercial – Non-owner Occupied14,380 — 1,328 15,708 300,545 316,253 — 
Residential – 1 to 4 Family— — 231 231 779,651 779,882 — 
Residential – Multifamily— — — — 84,970 84,970 — 
Consumer— — — — 7,624 7,624 — 
Total Loans$14,473 $— $3,910 $18,383 $1,477,456 $1,495,839 $— 

December 31, 202130-59
Days Past
Due		60-89
Days Past
Due		Greater
than 90
Days and
Not
Accruing		Total Past
Due		CurrentTotal
Loans		Loans > 90 Days and Accruing
 (Dollars in thousands)
Commercial and Industrial$— $349 $224 $573 $56,578 $57,151 $— 
Construction— — 1,139 1,139 152,938 154,077 — 
Real Estate Mortgage:      
Commercial – Owner Occupied
— — 2,170 2,170 121,502 123,672 — 
Commercial – Non-owner Occupied
— — 242 242 306,244 306,486 — 
Residential – 1 to 4 Family
81 — 533 614 749,911 750,525 — 
Residential – Multifamily
— — — — 84,964 84,964 — 
Consumer— — — — 7,972 7,972 — 
Total Loans$81 $349 $4,308 $4,738 $1,480,109 $1,484,847 $— 
Analysis of Allowance for Loan Losses
The following tables present the information regarding the allowance for loan and lease losses and associated loan data:

Real Estate Mortgage
Commercial and IndustrialConstructionCommercial Owner OccupiedCommercial Non-owner OccupiedResidential 1 to 4 FamilyResidential MultifamilyConsumerTotal
Allowance for loan losses(Dollars in thousands)
Three months ended March 31, 2022
December 31, 2021$417 $2,662 $2,997 $7,476 $14,970 $1,215 $108 $29,845 
    Charge-offs— — — — — — — — 
    Recoveries6 — 2 — 121 7 — 136 
    Provisions (benefits)86 (465)13 (223)391 193 5 — 
Ending Balance at March 31, 2022
$509 $2,197 $3,012 $7,253 $15,482 $1,415 $113 $29,981 
Allowance for loan losses
Individually evaluated for impairment$— $— $4 $148 $29 $— $— $181 
Collectively evaluated for impairment509 2,197 3,008 7,105 15,453 1,415 113 29,800 
Ending Balance at March 31, 2022
$509 $2,197 $3,012 $7,253 $15,482 $1,415 $113 $29,981 
Loans
Individually evaluated for impairment$196 $1,139 $2,433 $5,369 $687 $— $— $9,824 
Collectively evaluated for impairment38,629 134,871 129,842 310,884 779,195 84,970 7,624 1,486,015 
Ending Balance at March 31, 2022
$38,825 $136,010 $132,275 $316,253 $779,882 $84,970 $7,624 $1,495,839 

Real Estate Mortgage
Commercial and IndustrialConstructionCommercial Owner OccupiedCommercial Non-owner OccupiedResidential 1 to 4 FamilyResidential MultifamilyConsumerTotal
Allowance for loan losses(Dollars in thousands)
Three months ended March 31, 2021
December 31, 2020$492 $3,359 $3,078 $8,398 $12,595 $1,639 $137 $29,698 
    Charge-offs— — — — — — — — 
    Recoveries4 — 8 — — — — 12 
    Provisions (benefits)(22)385 249 762 (770)(101)(3)500 
Ending Balance at March 31, 2021$474 $3,744 $3,335 $9,160 $11,825 $1,538 $134 $30,210 
Allowance for loan losses
Individually evaluated for impairment$11 $295 $40 $226 $137 $— $— $709 
Collectively evaluated for impairment463 3,449 3,295 8,934 11,688 1,538 134 29,501 
Ending Balance at March 31, 2021$474 $3,744 $3,335 $9,160 $11,825 $1,538 $134 $30,210 
Loans
Individually evaluated for impairment$49 $4,690 $4,370 $5,741 $1,495 $— $— $16,345 
Collectively evaluated for impairment120,013 203,060 127,920 320,972 665,876 83,864 9,689 1,531,394 
Ending Balance at March 31, 2021$120,062 $207,750 $132,290 $326,713 $667,371 $83,864 $9,689 $1,547,739 
Impaired Loans
The following tables provide further detail on impaired loans and the associated ALLL at March 31, 2022 and December 31, 2021:
March 31, 2022Recorded
Investment		Unpaid
Principal
Balance		Related
Allowance
 (Dollars in thousands)
With no related allowance recorded:   
Commercial and Industrial
$196 $196 $— 
Construction
1,139 5,856 — 
Real Estate Mortgage:
   
Commercial – Owner Occupied
2,237 2,237 — 
Commercial – Non-owner Occupied
106 106 — 
Residential – 1 to 4 Family
232 232 — 
Residential – Multifamily
— — — 
Consumer
— — — 
 3,910 8,627 — 
With an allowance recorded:   
Commercial and Industrial
— — — 
Construction
— — — 
Real Estate Mortgage:
   
Commercial – Owner Occupied
196 196 4 
Commercial – Non-owner Occupied
5,263 5,263 148 
Residential – 1 to 4 Family
455 455 29 
Residential – Multifamily
— — — 
Consumer
— — — 
 5,914 5,914 181 
Total:   
Commercial and Industrial
196 196 — 
Construction
1,139 5,856 — 
Real Estate Mortgage:
   
Commercial – Owner Occupied
2,433 2,433 4 
Commercial – Non-owner Occupied
5,369 5,369 148 
Residential – 1 to 4 Family
687 687 29 
Residential – Multifamily
— — — 
Consumer
— — — 
 $9,824 $14,541 $181 
December 31, 2021Recorded
Investment		Unpaid
Principal
Balance		Related
Allowance
 (Dollars in thousands)
With no related allowance recorded:   
Commercial and Industrial
$216 $216 $— 
Construction
— — — 
Real Estate Mortgage:
   
Commercial – Owner Occupied
2,170 2,170 — 
Commercial – Non-owner Occupied
242 242 — 
Residential – 1 to 4 Family
465 599 — 
Residential – Multifamily
— — — 
Consumer
— — — 
3,093 3,227 — 
With an allowance recorded:   
Commercial and Industrial
8 16 8 
Construction
1,139 5,856 300 
Real Estate Mortgage:
   
Commercial – Owner Occupied
199 199 5 
Commercial – Non-owner Occupied
5,335 5,335 218 
Residential – 1 to 4 Family
528 528 60 
Residential – Multifamily
— — — 
Consumer
— — — 
7,209 11,934 591 
Total:   
Commercial and Industrial
224 232 8 
Construction
1,139 5,856 300 
Real Estate Mortgage:
   
Commercial – Owner Occupied
2,369 2,369 5 
Commercial – Non-owner Occupied
5,577 5,577 218 
Residential – 1 to 4 Family
993 1,127 60 
Residential – Multifamily
— — — 
Consumer
— — — 
 $10,302 $15,161 $591 
The following table presents by loan portfolio class, the average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2022 and 2021:
  Three Months Ended March 31,
 20222021
 Average
Recorded
Investment		Interest
Income
Recognized		Average
Recorded
Investment		Interest
Income
Recognized
 (Dollars in thousands)
Commercial and Industrial$206 $— $49 $— 
Construction1,139 — 4,765 36 
Real Estate Mortgage:
Commercial – Owner Occupied
2,367 3 4,534 21 
Commercial – Non-owner Occupied
5,472 67 10,244 120 
Residential – 1 to 4 Family
690 7 1,505 15 
Residential – Multifamily
— — — — 
Consumer— — — — 
Total$9,874 $77 $21,097 $192 
Analysis of Credit Risk Profile by Internally Assigned Grades
An analysis of the credit risk profile by internally assigned grades as of March 31, 2022 and December 31, 2021 is as follows:

At March 31, 2022PassOAEMSubstandardDoubtfulTotal
 (Dollars in thousands)
Commercial and Industrial$38,629 $— $196 $— $38,825 
Construction134,871 — 1,139 — 136,010 
Real Estate Mortgage:     
Commercial – Owner Occupied128,230 3,029 1,016 — 132,275 
Commercial – Non-owner Occupied300,545 14,380 1,328 — 316,253 
Residential – 1 to 4 Family779,566 — 316 — 779,882 
Residential – Multifamily84,970 — — — 84,970 
Consumer7,624 — — — 7,624 
Total$1,474,435 $17,409 $3,995 $— $1,495,839 
 
At December 31, 2021PassOAEMSubstandardDoubtfulTotal
 (Dollars in thousands)
Commercial and Industrial$56,927 $— $224 $— $57,151 
Construction152,938 — 1,139 — 154,077 
Real Estate Mortgage:     
Commercial – Owner Occupied118,473 3,029 2,170 — 123,672 
Commercial – Non-owner Occupied291,864 14,380 242 — 306,486 
Residential – 1 to 4 Family749,904 — 621 — 750,525 
Residential – Multifamily84,964 — — — 84,964 
Consumer7,972 — — — 7,972 
Total$1,463,042 $17,409 $4,396 $— $1,484,847