Loans (Tables)

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Summary of Major Classifications of Loans

Major classifications of loans are as follows:

	As of December 31,
	2020			2019
Commercial:
Real estate	$	189,291		$	178,882
Land development		1,492			1,623
Other		46,184			34,072
Residential real estate:
First mortgage		68,968			65,450
Construction		2,954			2,041
Consumer:
Home equity and lines of credit		22,348			29,691
Other		361			611
Subtotal		331,598			312,370
Net deferred loan costs		178			304
Allowance for loan losses		(2,703	)		(2,000	)
Net loans	$	329,073		$	310,674

Summary of Activity in Allowance for Loan and Lease Losses

A summary of the activity in the allowance for loan losses by portfolio segment is as follows:

December 31, 2020	Commercial			Residential			Consumer			Total
Beginning balance	$	1,235		$	573		$	192		$	2,000
Provision for loan losses		360			100			40			500
Loans charged off		—			(60	)		(8	)		(68	)
Recoveries of loans previously charged off		14			132			125			271
Total ending allowance balance	$	1,609		$	745		$	349		$	2,703
December 31, 2019	Commercial			Residential			Consumer			Total
Beginning balance	$	1,448		$	1,250		$	564		$	3,262
Provision (credit) for loan losses		(222	)		(599	)		(211	)		(1,032	)
Loans charged off		(214	)		(83	)		(269	)		(566	)
Recoveries of loans previously charged off		223			5			108			336
Total ending allowance balance	$	1,235		$	573		$	192		$	2,000

Summary of Allowance for Loan and Lease Losses for Loans Evaluated Individually and Collectively for Impairment

Information about how loans were evaluated for impairment and the related allowance for loan losses follows:

December 31, 2020	Commercial		Residential		Consumer		Total
Loans:
Individually evaluated for impairment	$	10,573	$	411	$	21	$	11,005
Collectively evaluated for impairment		226,394		71,511		22,688		320,593
Total loans	$	236,967	$	71,922	$	22,709	$	331,598
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,609		745		349		2,703
Total allowance for loan losses	$	1,609	$	745	$	349	$	2,703

December 31, 2019	Commercial		Residential		Consumer		Total
Loans:
Individually evaluated for impairment	$	6,931	$	1,078	$	32	$	8,041
Collectively evaluated for impairment		207,646		66,413		30,270		304,329
Total loans	$	214,577	$	67,491	$	30,302	$	312,370
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	62	$	5	$	67
Collectively evaluated for impairment		1,235		511		187		1,933
Total allowance for loan losses	$	1,235	$	573	$	192	$	2,000

Summary of Information Regarding Impaired Loans

Information regarding impaired loans follows:

	Recorded Investment		Principal Balance		Related Allowance		Average Investment		Interest Recognized
December 31, 2020
Loans with no related allowance for loan losses:
Commercial:
Real estate	$	6,277	$	6,277		NA	$	6,268	$	332
Land development		1,492		1,492		NA		503		40
Other		2,804		2,804		NA		2,301		138
Residential real estate and consumer:
First mortgage		411		495		NA		568		261
Home equity and lines of credit		21		51		NA		24		3
Total loans with no related allowance for loan losses		11,005		11,119		NA		9,664		774
Loans with related allowance for loan losses:
Residential real estate and consumer:
First mortgage		—		—		—		36		—
Home equity and lines of credit		—		—		—		4		—
Total loans with related allowance for loan losses		—		—		—		40		—
Grand totals	$	11,005	$	11,119	$	—	$	9,704	$	774
December 31, 2019
Loans with no related allowance for loan losses:
Commercial:
Real estate	$	5,840	$	5,840		NA	$	1,824	$	87
Land development		—		—		NA		126		—
Other		1,091		1,091		NA		488		23
Residential real estate and consumer:
First mortgage		1,016		1,350		NA		1,056		18
Home equity and lines of credit		27		56		NA		29		—
Total loans with no related allowance for loan losses		7,974		8,337		NA		3,523		128
Loans with related allowance for loan losses:
Residential real estate and consumer:
First mortgage		62		62		62		43		—
Home equity and lines of credit		5		6		5		16		—
Total loans with related allowance for loan losses		67		68		67		59		—
Grand totals	$	8,041	$	8,405	$	67	$	3,582	$	128

Summary of Internal Risk Ratings of Loans

Information regarding the credit quality indicators most closely monitored for commercial loans by class follows:

December 31, 2020	Pass		Watch and Special Mention		Substandard		Total
Real estate	$	163,961	$	19,272	$	6,058	$	189,291
Land development		—		—		1,492		1,492
Other		37,675		5,705		2,804		46,184
Total	$	201,636	$	24,977	$	10,354	$	236,967
December 31, 2019	Pass		Watch and Special Mention		Substandard		Total
Real estate	$	168,834	$	4,418	$	5,630	$	178,882
Land development		—		1,623		—		1,623
Other		27,522		5,517		1,033		34,072
Total	$	196,356	$	11,558	$	6,663	$	214,577

Summary of Information Regarding the Credit Quality Indicators for Residential Real Estate and Consumer Loans

Information regarding the credit quality indicators most closely monitored for residential real estate and consumer loans by class follows:

December 31, 2020	Performing		Non Performing		Total
Residential real estate:
First mortgages	$	67,817	$	1,151	$	68,968
Construction		2,954		—		2,954
Consumer:
Home equity and lines of credit		22,212		136		22,348
Other		361		—		361
Total	$	93,344	$	1,287	$	94,631
December 31, 2019	Performing		Non Performing		Total
Residential real estate:
First mortgages	$	63,760	$	1,690	$	65,450
Construction		2,041		—		2,041
Consumer:
Home equity and lines of credit		29,548		143		29,691
Other		611		—		611
Total	$	95,960	$	1,833	$	97,793

Schedule of Analysis of Past due Loans

Loan aging and non-accrual information follows:

December 31, 2020	Current Loans		Loans Past Due 30-89 Days		Loans Past Due 90+ Days		Total Loans	Non-accrual Loans
Commercial:
Real estate	$	189,050	$	241	$	—	$189,291	$	—
Land development		1,492		—		—	1,492		—
Other		46,151		33		—	46,184		—
Residential real estate:
First mortgage		68,147		684		137	68,968		1,151
Construction		2,954		—		—	2,954		—
Consumer:
Home equity and lines of credit		22,204		121		23	22,348		136
Other		361		—		—	361		—
Total	$	330,359	$	1,079	$	160	$331,598	$	1,287
				Total non-accrual loans to total loans						0.39	%
				Total non-accrual loans to total assets						0.25	%

December 31, 2019	Current Loans		Loans Past Due 30-89 Days		Loans Past Due 90+ Days		Total Loans		Non-accrual Loans
Commercial:
Real estate	$	178,702	$	—	$	180	$	178,882	$	180
Land development		1,623		—		—		1,623		—
Other		33,924		148		—		34,072		—
Residential real estate:
First mortgage		63,854		1,059		537		65,450		1,690
Construction		2,041		—		—		2,041		—
Consumer:
Home equity and lines of credit		29,678		13		—		29,691		143
Other		611		—		—		611		—
Total	$	310,433	$	1,220	$	717	$	312,370	$	2,013
				Total non-accrual loans to total loans							0.64	%
				Total non-accrual loans to total assets							0.47	%

Summary of Information Regarding Non-accrual Loans

Non-performing loans are as follows:

	Years ended December 31,
	2020		2019
Non-accrual loans, other than troubled debt restructurings	$	1,068	$	1,416
Non-accrual loans, troubled debt restructurings		219		597
Total non-performing loans (NPLs)	$	1,287	$	2,013
Restructured loans, accruing	$	432	$	446