Loans Receivable

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Loans Receivable

Note 4. Loans Receivable

Loans receivable were comprised of the following:

(Dollars in thousands)	December 31, 2021			December 31, 2020
Residential Real Estate:
Single family	$	161,362		$	139,338
Multifamily		137,705			43,332
Farmland		1,323			861
Commercial Real Estate:
Owner-occupied		173,086			141,813
Non-owner occupied		361,101			325,085
Construction and Land Development		337,173			324,906
Commercial – Non Real-Estate:
Commercial & industrial		164,014			230,027
Consumer – Non Real Estate:
Unsecured		185			241
Secured		22,986			43,832
Total Gross Loans		1,358,935			1,249,435
Less: unearned fees		(5,478	)		(6,178	)
Less: unamortized discount on consumer secured loans		—			(1	)
Less: allowance for loan losses		(11,697	)		(12,877	)
Net Loans	$	1,341,760		$	1,230,379

The unsecured consumer loans above include $185,135 and $241,064 of overdrafts reclassified as loans for the years ended December 31, 2021 and December 31, 2020, respectively.

There were no loans held for sale at December 31, 2021. The Bank held $57.0 in commercial real estate loans for sale at December 31, 2020.

The following table presents nonaccrual loans by classes of the loan portfolio as of December 31, 2021 and December 31, 2020:

(Dollars in thousands)	December 31, 2021		December 31, 2020
Residential Real Estate:
Single Family	$	—	$	149
Total	$	—	$	149

The following tables present the segments of the loan portfolio summarized by aging categories as of December 31, 2021 and December 31, 2020:

	December 31, 2021
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loans Receivable		Nonaccrual
Residential Real Estate:
Single Family	$	—	$	—	$	—	$	—	$	161,362	$	161,362	$	—
Multifamily		—		—		—		—		137,705		137,705		—
Farmland		—		—		—		—		1,323		1,323		—
Commercial Real Estate:
Owner occupied		—		—		—		—		173,086		173,086		—
Non-owner occupied		—		—		—		—		361,101		361,101		—
Construction & Land Development		—		—		—		—		337,173		337,173		—
Commercial – Non Real Estate:
Commercial & industrial		—		—		—		—		164,014		164,014		—
Consumer – Non Real Estate:
Unsecured		—		—		—		—		185		185		—
Secured		46		25		—		71		22,915		22,986		—
Total	$	46	$	25	$	—	$	71	$	1,358,864	$	1,358,935	$	—

	December 31, 2020
(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Greater than 90 Days		Total Past Due		Current		Total Loans Receivable		Nonaccrual
Residential Real Estate:
Single Family	$	—	$	—	$	—	$	—	$	139,189	$	139,338	$	149
Multifamily		—		—		—		—		42,300		42,300		—
Farmland		—		—		—		—		861		861		—
Commercial Real Estate:
Owner occupied		—		—		—		—		141,813		141,813		—
Non-owner occupied		—		—		—		—		326,117		326,117		—
Construction & Land Development		—		—		—		—		324,906		324,906		—
Commercial – Non Real Estate:
Commercial & industrial		—		—		—		—		230,027		230,027		—
Consumer – Non Real Estate:
Unsecured		—		—		—		—		241		241		—
Secured		68		—		—		68		43,764		43,832		—
Total	$	68	$	—	$	—	$	68	$	1,249,218	$	1,249,435	$	149

No loans were modified under the terms of a TDR during the years ended December 31, 2021 and 2020, and there were no loans modified as TDR’s that subsequently defaulted during the years ended December 31, 2021 and 2020 that were modified as TDR’s within the twelve months prior to default.