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LOANS (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]    
Schedule of Composition of Loans
The composition of loans, excluding loans held for sale, is summarized as follows:
March 31, 2022December 31, 2021
Amount% of TotalAmount% of Total
(in thousands, except percentages)
Real estate mortgages:
Construction and development$165,400 12.6 %$174,480 13.9 %
Residential154,143 11.7 %147,490 11.8 %
Commercial765,685 58.3 %716,541 57.1 %
Commercial and industrial219,761 16.7 %206,897 16.5 %
Consumer and other9,077 0.7 %8,709 0.7 %
Gross Loans1,314,066 100.0 %1,254,117 100.0 %
Deferred loan fees(3,996)(3,817)
Allowance for loan losses(15,492)(14,844)
Loans, net$1,294,578 $1,235,456 
The composition of loans, excluding loans held for sale, is summarized as follows:
December 31,
20212020
Amount% of
Total		Amount% of
Total
(in thousands, except percentages)
Real estate mortgages:
Construction and development$174,480 13.9 %$102,559 9.9 %
Residential147,490 11.8 %152,212 14.7 %
Commercial716,541 57.1 %514,923 49.8 %
Commercial and industrial206,897 16.5 %254,395 24.6 %
Consumer and other8,709 0.7 %9,644 1.0 %
Gross Loans1,254,117 100.0 %1,033,733 100.0 %
Deferred loan fees(3,817)(3,618)
Allowance for loan losses(14,844)(11,859)
Loans, net$1,235,456 $1,018,256 
Schedule of Financing Receivable Credit Quality Indicators
The following tables summarize the risk category of the Company’s loan portfolio based upon the most recent analysis performed as of March 31, 2022 and December 31, 2021:
PassSpecial MentionSubstandardDoubtfulTotal
(dollars in thousands)
As of March 31, 2022
Real estate mortgages:
Construction and development$160,243 $388 $4,769 $— $165,400 
Residential149,011 3,841 1,291 — 154,143 
Commercial739,916 15,830 9,939 — 765,685 
Commercial and industrial216,375 3,103 59 224 219,761 
Consumer and other9,054 20 3 — 9,077 
Total$1,274,599 $23,182 $16,061 $224 $1,314,066 
As of December 31, 2021
Real estate mortgages:
Construction and development$168,751 $388 $5,341 $— $174,480 
Residential142,782 3,554 1,154 — 147,490 
Commercial691,863 16,371 8,307 — 716,541 
Commercial and industrial203,630 2,960 73 234 206,897 
Consumer and other8,682 21 6 — 8,709 
Total$1,215,708 $23,294 $14,881 $234 $1,254,117 
The following tables summarize the risk category of the Company’s loan portfolio based upon the most recent analysis performed as of December 31, 2021 and December 31, 2020:
PassSpecial
Mention		SubstandardDoubtfulTotal
(dollars in thousands)
As of December 31, 2021
Real estate mortgages:
Construction and development$168,751 $388 $5,341 $— $174,480 
Residential142,782 3,554 1,154 — 147,490 
Commercial691,863 16,371 8,307 — 716,541 
Commercial and industrial203,630 2,960 73 234 206,897 
Consumer and other8,682 21 6 — 8,709 
Total:$1,215,708 $23,294 $14,881 $234 $1,254,117 
As of December 31, 2020
Real estate mortgages:
Construction and development$95,214 $6,113 $1,232 $— $102,559 
Residential144,256 6,245 1,627 84 152,212 
Commercial471,555 36,754 6,614 — 514,923 
Commercial and industrial240,646 13,138 611 — 254,395 
Consumer and other8,186 1,435 23 — 9,644 
Total:$959,857 $63,685 $10,107 $84 $1,033,733 
Schedule of Aging Analysis The following tables present the aging of the recorded investment in loans and leases as of March 31, 2022 and December 31, 2021:
Past Due Status (Accruing Loans)
Current
30-59 Days
60-89 Days
90+ Days
Total Past DueNonaccrualTotal
As of March 31, 2022
Real estate mortgages:
Construction and development
$164,583 $647 $94 $— $741 $76 $165,400 
Residential
153,432 201 — — 201 510 154,143 
Commercial
762,558 739 — — 739 2,388 765,685 
Commercial and industrial219,476 16 — — 16 269 219,761 
Consumer and other9,074 — — — — 3 9,077 
Total$1,309,123 $1,603 $94 $— $1,697 $3,246 $1,314,066 
As of December 31, 2021
Real estate mortgages:
Construction and development
$173,027 $62 $746 $299 $1,107 $346 $174,480 
Residential
146,871 129 128 195 452 167 147,490 
Commercial
714,092 1,775 — — 1,775 674 716,541 
Commercial and industrial206,027 99 486 — 585 285 206,897 
Consumer and other8,673 30 — — 30 6 8,709 
Total$1,248,690 $2,095 $1,360 $494 $3,949 $1,478 $1,254,117 
 The following tables present the aging of the recorded investment in loans as of December 31, 2021 and December 31, 2020:
Past Due Status (Accruing Loans)
Current
30-59
Days
60-89
Days
90+
Days
Total Past DueNonaccrualTotal
As of December 31, 2021
Real estate mortgages:
Construction and development
$173,027 $62 $746 $299 $1,107 $346 $174,480 
Residential
146,871 129 128 195 452 167 147,490 
Commercial
714,092 1,775 — — 1,775 674 716,541 
Commercial and industrial206,027 99 486 — 585 285 206,897 
Consumer and other8,673 30 — — 30 6 8,709 
Total:$1,248,690 $2,095 $1,360 $494 $3,949 $1,478 $1,254,117 
As of December 31, 2020
Real estate mortgages:
Construction and development
$101,375 $117 $90 $— $207 $977 $102,559 
Residential
150,837 382 94 42 518 857 152,212 
Commercial
512,208 1,196 — 41 1,237 1,478 514,923 
Commercial and industrial252,473 626 1,212 — 1,838 84 254,395 
Consumer and other9,581 18 15 8 41 22 9,644 
Total:$1,026,474 $2,339 $1,411 $91 $3,841 $3,418 $1,033,733 
Schedule of Allowance for Credit Loss
The following tables detail activity in the allowance for loan losses by portfolio segment as of March 31, 2022 and March 31, 2021. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
Real EstateCommercialConsumerTotal
Allowance for loan losses:
Balance at December 31, 2021
$11,554 $3,166 $124 $14,844 
Provision (credit) for loan losses(1,299)2,009 (10)700 
Loans charged off(66)— (6)(72)
Recoveries of loans previously charged off17 — 3 20 
Ending balance at March 31, 2022
$10,206 $5,175 $111 $15,492 
Ending balance - individually evaluated for impairment$400 $269 $— $669 
Ending balance - collectively evaluated for impairment9,743 4,906 111 14,760 
Ending balance - loans acquired with deteriorated credit quality63 — — 63 
Total ending balance at March 31, 2022
$10,206 $5,175 $111 $15,492 
Loans:
Ending balance - individually evaluated for impairment$15,943 $283 $22 $16,248 
Ending balance - collectively evaluated for impairment1,068,050 219,478 9,055 1,296,583 
Ending balance - loans acquired with deteriorated credit quality1,235 — — 1,235 
Total ending balance at March 31, 2022
$1,085,228 $219,761 $9,077 $1,314,066 
Real EstateCommercialConsumerTotal
Allowance for loan losses:
Balance at December 31, 2020
$8,057 $3,609 $193 $11,859 
Provision (credit) for loan losses1,231 (428)(53)750 
Loans charged off(16)— (2)(18)
Recoveries of loans previously charged off2 11 1 14 
Ending balance at March 31, 2021
$9,274 $3,192 $139 $12,605 
Ending balance - individually evaluated for impairment$357 $390 $12 $759 
Ending balance - collectively evaluated for impairment8,823 2,802 127 11,752 
Ending balance - loans acquired with deteriorated credit quality94 — — 94 
Total ending balance at March 31, 2021
$9,274 $3,192 $139 $12,605 
Loans:
Ending balance - individually evaluated for impairment$15,829 $583 $42 $16,454 
Ending balance - collectively evaluated for impairment830,912 229,574 9,158 1,069,644 
Ending balance - loans acquired with deteriorated credit quality1,363 — — 1,363 
Total ending balance at March 31, 2021
$848,104 $230,157 $9,200 $1,087,461 
The following tables detail activity in the allowance for loan losses by portfolio segment as of December 31, 2021 and December 31, 2020. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.
Real EstateCommercialConsumerTotal
Allowance for loan losses:
Balance at December 31, 2020
$8,057 $3,609 $193 $11,859 
Provision (credit) for loan losses3,516 (458)(76)2,982 
Loans charged off(44)— (2)(46)
Recoveries of loans previously charged off25 15 9 49 
Ending balance at December 31, 2021
$11,554 $3,166 $124 $14,844 
Ending balance - individually evaluated for impairment$340 $292 $3 $635 
Ending balance - collectively evaluated for impairment11,145 2,874 121 14,140 
Ending balance - loans acquired with deteriorated credit quality69 — — 69 
Total ending balance at December 31, 2021
$11,554 $3,166 $124 $14,844 
Loans:
Ending balance - individually evaluated for impairment$14,742 $307 $26 $15,075 
Ending balance - collectively evaluated for impairment1,022,497 206,590 8,683 1,237,770 
Ending balance - loans acquired with deteriorated credit quality1,272 — — 1,272 
Total ending balance at December 31, 2021
$1,038,511 $206,897 $8,709 $1,254,117 
NOTE 4.    Loans (Continued)
Allowance for Loans Losses (Continued)
Real EstateCommercialConsumerTotal
Allowance for loan losses:
Balance at December 31, 2019
$7,254 $1,885 $126 $9,265 
Provision for loan losses1,702 1,598 — 3,300 
Loans charged off(908)— (18)(926)
Recoveries of loans previously charged off9 126 85 220 
Ending balance at December 31, 2020
$8,057 $3,609 $193 $11,859 
Ending balance - individually evaluated for impairment$1,352 $478 $7 $1,837 
Ending balance - collectively evaluated for impairment6,476 3,131 186 9,793 
Ending balance - loans acquired with deteriorated credit quality229 — — 229 
Total ending balance at December 31, 2020
$8,057 $3,609 $193 $11,859 
Loans:
Ending balance - individually evaluated for impairment$11,527 $856 $37 $12,420 
Ending balance - collectively evaluated for impairment756,489 253,539 9,607 1,019,635 
Ending balance - loans acquired with deteriorated credit quality1,678 — — 1,678 
Total ending balance at December 31, 2020
$769,694 $254,395 $9,644 $1,033,733 
Schedule of Impaired Loans The following tables detail our impaired loans, by portfolio class as of March 31, 2022 and December 31, 2021.
Recorded InvestmentUnpaid Principal BalanceRelated AllowanceAverage Recorded Investment
March 31, 2022
With no related allowance recorded:
Real estate mortgages:
Construction and development
$4,810 $4,810 $— $4,813 
Residential
1,477 1,477 — 1,485 
Commercial
7,891 7,891 — 7,922 
Commercial and industrial
14 14 — 17 
Consumer and other
22 22 — 23 
Total with no related allowance recorded
14,214 14,214 — 14,260 
With an allowance recorded:
Real estate mortgages:
Construction and development
234 234 62 236 
Residential
362 433 97 364 
Commercial
2,404 2,404 304 2,406 
Commercial and industrial
269 269 269 276 
Consumer and other
— — — — 
Total with an allowance recorded
3,269 3,340 732 3,282 
Total impaired loans$17,483 $17,554 $732 $17,542 
Recorded InvestmentUnpaid Principal BalanceRelated AllowanceAverage Recorded Investment
December 31, 2021
With no related allowance recorded:
Real estate mortgages:
Construction and development
$5,258 $5,258 $— $5,261 
Residential
1,081 1,081 — 1,090 
Commercial
7,992 7,992 — 7,993 
Commercial and industrial
22 22 — 25 
Consumer and other
15 15 — 16 
Total with no related allowance recorded
14,368 14,368 — 14,385 
With an allowance recorded:
Real estate mortgages:
Construction and development
370 370 148 370 
Residential
633 704 125 636 
Commercial
680 680 136 682 
Commercial and industrial
285 285 292 289 
Consumer and other
11 11 3 11 
Total with an allowance recorded
1,979 2,050 704 1,988 
Total impaired loans$16,347 $16,418 $704 $16,373 
A loan held for investment is considered impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due (both principal and interest) according to the terms of the loan agreement. The following tables detail our interest income recognized on impaired loans, by portfolio class in the three months ended March 31, 2022 and 2021.
Recorded InvestmentAverage Recorded InvestmentInterest Income Recognized
Three Months Ended March 31, 2022
With no related allowance recorded:
Real estate mortgages:
Construction and development$4,810 $4,813 $55 
Residential1,477 1,485 21 
Commercial7,891 7,922 115 
Commercial and industrial14 17 — 
Consumer and other22 23 — 
Total with no related allowance recorded14,214 14,260 191 
With an allowance recorded:
Real estate mortgages:
Construction and development234 236 3 
Residential362 364 4 
Commercial2,404 2,406 9 
Commercial and industrial269 276 6 
Consumer and other— — — 
Total with an allowance recorded3,269 3,282 22 
Total impaired loans$17,483 $17,542 $213 
Recorded InvestmentAverage Recorded InvestmentInterest Income Recognized
Three Months Ended March 31, 2021
With no related allowance recorded:
Real estate mortgages:
Construction and development$5,511 $5,511 $41 
Residential2,396 2,405 23 
Commercial6,411 6,395 98 
Commercial and industrial200 208 3 
Consumer and other22 23 — 
Total with no related allowance recorded14,540 14,542 165 
With an allowance recorded:
Real estate mortgages:
Construction and development567 573 9 
Residential800 804 11 
Commercial1,507 1,517 22 
Commercial and industrial383 387 5 
Consumer and other20 21 — 
Total with an allowance recorded3,277 3,302 47 
Total impaired loans$17,817 $17,844 $212 
 The following tables detail our impaired loans, by portfolio class as of December 31, 2021 and December 31, 2020.
Recorded
Investment		Unpaid
Principal
Balance		Related
Allowance		Average
Recorded
Investment		Interest Income Recognized
December 31, 2021
With no related allowance recorded:
Real estate mortgages:
Construction and development
$5,258 $5,258 $— $5,261 $205 
Residential
1,081 1,081 — 1,090 90 
Commercial
7,992 7,992 — 7,993 440 
Commercial and industrial
22 22 — 25 3 
Consumer and other
15 15 — 16 1 
Total with no related allowance recorded
14,368 14,368 — 14,385 739 
With an allowance recorded:
Real estate mortgages:
Construction and development
370 370 148 370 $10 
Residential
633 704 125 636 27 
Commercial
680 680 136 682 32 
Commercial and industrial
285 285 292 289 18 
Consumer and other
11 11 3 11 1 
Total with an allowance recorded
1,979 2,050 704 1,988 88 
Total impaired loans:$16,347 $16,418 $704 $16,373 $827 
NOTE 4.    Loans (Continued)
Impaired Loans (Continued)
Recorded
Investment		Unpaid
Principal
Balance		Related
Allowance		Average
Recorded
Investment		Interest Income Recognized
December 31, 2020
With no related allowance recorded:
Real estate mortgages:
Construction and development
$977 $977 $— $970 $18 
Residential
1,537 1,537 — 1,669 93 
Commercial
5,117 5,117 — 5,425 290 
Commercial and industrial
65 65 — 91 6 
Consumer and other
22 22 — 24 2 
Total with no related allowance recorded
7,718 7,718 — 8,179 $409 
With an allowance recorded:
Real estate mortgages:
Construction and development
644 644 106 668 $34 
Residential
1,557 1,628 628 1,636 82 
Commercial
3,373 3,373 847 3,526 194 
Commercial and industrial
791 791 478 886 58 
Consumer and other
15 15 7 15 — 
Total with an allowance recorded
6,380 6,451 2,066 6,731 368 
Total impaired loans:$14,098 $14,169 $2,066 $14,910 $777 
Schedule of Troubled Debt Restructuring   The following table summarizes the loans that were modified as a TDR during the years ended December 31, 2021 and 2020.
Troubled Debt Restructurings
Number of LoansRecorded Investment Prior to ModificationRecorded Investment After ModificationImpact on the Allowance for Loan Losses
December 31, 2021
Real estate mortgages:
Construction and development2 $189 $178 $63 
Residential1 3 — — 
Commercial2 537 510 — 
Commercial and industrial— — — — 
Consumer and other— — — — 
Total5 $729 $688 $63 
December 31, 2020
Real estate mortgages:
Construction and development— $— $— $— 
Residential— — — — 
Commercial— — — — 
Commercial and industrial1 277 271 271 
Consumer and other1 16 15 7 
Total2 $293 $286 $278