Loans (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Loans consisted of the following at December 31:

	December 31,
	2021			2020
	(Dollars in thousands)
Commercial real estate (CRE)	$	72,057		$	66,166
Multifamily (MF)		8,998			6,619
Commercial and industrial (C+I)		26,851			45,262
Acquisition, development, and land (ADL)		21,365			23,145
1-4 family residential (RES)		234,199			213,718
Home equity loans and lines of credit (HELOC)		6,947			9,583
Consumer (CON)		4,574			2,944
Total loans		374,991			367,437
Net deferred loan costs		1,650			705
Allowance for loan losses		(3,590	)		(3,342	)
Net loans	$	373,051		$	364,800

Schedule Of Allowance For Loans And Leases Receivable Classification

Transactions in the Allowance for loan losses (“ALL”) for the years ended December 31, 2021 and 2020 by portfolio segment, are summarized as follows:

(Dollars in thousands)	CRE			MF		C+I			ADL		RES		HELOC			CON			Unallocated			Total
Balance, December 31, 2019	$	781		$	23	$	350		$	145	$	1,503	$	52		$	18		$	3		$	2,875
Provision for loan losses		(28	)		37		(85	)		29		134		26			68			299			480
Charge-offs		—			—		—			—		—		—			(35	)		—			(35	)
Recoveries		—			—		2			—		19		—			1			—			22
Balance, December 31, 2020		753			60		267			174		1,656		78			52			302			3,342
Balance, December 31, 2020		753			60		267			174		1,656		78			52			302			3,342
Provision for loan losses		80			20		(112	)		4		482		(15	)		20			(274	)		205
Charge-offs		—			—		—			—		—		—			—			—			—
Recoveries		—			—		39			—		1		—			3			—			43
Balance at December 31, 2021	$	833		$	80	$	194		$	178	$	2,139	$	63		$	75		$	28		$	3,590

As of December 31, 2021 and 2020, information about loans and the ALL by portfolio segment, are summarized below:

(Dollars in thousands)	CRE		MF		C+I		ADL		RES		HELOC		CON		Unallocated		Total
December 31, 2021 Loan Balances
Individually evaluated for impairment	$	104	$	—	$	28	$	—	$	722	$	115	$	—	$	—	$	969
Collectively evaluated for impairment		71,953		8,998		26,823		21,365		233,477		6,832		4,574		—		374,022
Total	$	72,057	$	8,998	$	26,851	$	21,365	$	234,199	$	6,947	$	4,574	$	—	$	374,991
ALL related to the loans
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		833		80		194		178		2,139		63		75		28		3,590
Total	$	833	$	80	$	194	$	178	$	2,139	$	63	$	75	$	28	$	3,590
December 31, 2020 Loan Balances
Individually evaluated for impairment	$	117	$	—	$	822	$	—	$	62	$	—	$	—	$	—	$	1,001
Collectively evaluated for impairment		66,049		6,619		44,440		23,145		213,656		9,583		2,944		—		366,436
Total	$	66,166	$	6,619	$	45,262	$	23,145	$	213,718	$	9,583	$	2,944	$	—	$	367,437
ALL related to the loans
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		753		60		267		174		1,656		78		52		302		3,342
Total	$	753	$	60	$	267	$	174	$	1,656	$	78	$	52	$	302	$	3,342

Past Due Financing Receivables

The following is an aged analysis of past due loans by portfolio segment as of December 31, 2021:

	30-59 Days		60-89 Days		90 + Days		Total Past Due		Current		Total Loans		Non- Accrual Loans
	(Dollars in thousands)
CRE	$	—	$	—	$	—	$	—	$	72,057	$	72,057	$	—
MF		—		—		—		—		8,998		8,998		—
C+I		—		—		—		—		26,851		26,851		—
ADL		—		—		—		—		21,365		21,365		—
RES		—		487		235		722		233,477		234,199		722
HELOC		117		129		—		246		6,701		6,947		115
CON		6		—		—		6		4,568		4,574		—
	$	123	$	616	$	235	$	974	$	374,017	$	374,991	$	837

The following is an aged analysis of past due loans by portfolio segment as of December 31, 2020:

	30-59 Days		60-89 Days		90 + Days		Total Past Due		Current		Total Loans		Non- Accrual Loans
	(Dollars in thousands)
CRE	$	—	$	—	$	—	$	—	$	66,166	$	66,166	$	—
MF		—		—		—		—		6,619		6,619		—
C+I		—		—		822		822		44,440		45,262		822
ADL		—		—		—		—		23,145		23,145		—
RES		42		—		62		104		213,614		213,718		62
HELOC		143		—		—		143		9,440		9,583		—
CON		—		—		—		—		2,944		2,944		—
	$	185	$	—	$	884	$	1,069	$	366,368	$	367,437	$	884

Impaired Financing Receivables

The following table provides information on impaired loans as of and for the years ended December 31, 2021 and 2020:

(Dollars in thousands)	Recorded Carrying Value		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
December 31, 2021
With no related allowance recorded:
CRE	$	—	$	—	$	—	$	—	$	—
MF		—		—		—		—		—
C+I		—		—		—		203		12
ADL		—		—		—		—		—
RES		722		722		—		77		2
HELOC		115		115		—		10		—
CON		—		—		—		—		—
Total impaired loans	$	837	$	837	$	—	$	290	$	14
December 31, 2020
With no related allowance recorded:
CRE	$	—	$	—	$	—	$	—	$	—
MF		—		—		—		—		—
C+I		822		938		—		909		—
ADL		—		—		—		—		—
RES		62		62		—		64		5
HELOC		—		—		—		—		—
CON		—		—		—		—		—
Total impaired loans	$	884	$	1,000	$	—	$	973	$	5

Financing Receivble Credit Quality Indicators

The following presents the internal risk rating of loans by portfolio segment as of December 31, 2021:

(Dollars in thousands)	Pass		Special Mention		Substandard		Total
CRE	$	69,252	$	2,701	$	104	$	72,057
MF		8,998		—		—		8,998
C+I		26,823		—		28		26,851
ADL		21,365		—		—		21,365
RES		233,477		—		722		234,199
HELOC		6,832		—		115		6,947
CON		4,574		—		—		4,574
Total	$	371,321	$	2,701	$	969	$	374,991

The following presents the internal risk rating of loans by portfolio segment as of December 31, 2020:

(Dollars in thousands)	Pass		Special Mention		Substandard		Total
CRE	$	63,191	$	2,858	$	117	$	66,166
MF		6,619		—		—		6,619
C+I		41,021		4,083		158		45,262
ADL		23,145		—		—		23,145
RES		213,656		—		62		213,718
HELOC		9,583		—		—		9,583
CON		2,944		—		—		2,944
Total	$	360,159	$	6,941	$	337	$	367,437

Activity of Loans

For the years ended December 31, 2021 and 2020, activity in these loans was as follows:

	December 31,
(Dollars in thousands)	2021			2020
Loans outstanding – beginning of period	$	5,279		$	5,231
Principal payments		(430	)		(729	)
Advances		—			777
Loans outstanding – end of period	$	4,849		$	5,279