Schedule of Changes in Accretable Yield for PCI Loans

The following table presents changes in accretable yield for PCI loans for the three months ended March 31, 2022 and 2021.


	Three months ended March 31, 2022		Three months ended March 31, 2021
Balance at the beginning of period	$	170,075	$	—
Acquisition		—		217,789
Accretion		9,618		—
Reclassification of non-accretable discount		—		—
Balance at the end of period	$	160,457	$	217,789

Summary of allowance for loan losses and the recorded investment in loans by portfolio segments

The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segments and based on impairment method as of March 31, 2022 and December 31, 2021:


	Residential First Mortgage		Commercial and Multi- Family Real Estate		Construction		Commercial and Industrial		Home equity & other consumer		Total
March 31, 2022
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	35,859	$	—	$	—	$	—	$	—	$	35,859
Collectively evaluated for impairment		1,039,215		780,000		208,000		9,300		80,800		2,117,315
Acquired with deteriorated credit quality		—		—		—		—		—		—
Total ending allowance balance	$	1,075,074	$	780,000	$	208,000	$	9,300	$	80,800	$	2,153,174
Loans:
Loans individually evaluated for impairment	$	839,620	$	—	$	—	$	—	$	39,394	$	879,014
Loans collectively evaluated for impairment		312,109,117		175,829,775		43,639,387		3,494,447		25,486,127		560,558,853
Loans acquired with deteriorated credit quality		3,708,833		1,396,055		—		—		37,260		5,142,148
Total ending loan balance	$	316,657,570	$	177,225,830	$	43,639,387	$	3,494,447	$	25,562,781	$	566,580,015
December 31, 2021
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	35,859	$	—	$	—	$	—	$	—	$	35,859
Collectively evaluated for impairment		1,056,615		768,600		195,000		9,400		87,700		2,117,315
Total ending allowance balance	$	1,092,474	$	768,600	$	195,000	$	9,400	$	87,700	$	2,153,174
Loans:
Loans individually evaluated for impairment	$	1,099,793	$	—	$	—	$	—	$	18,507	$	1,118,300
Loans collectively evaluated for impairment		314,754,870		173,962,424		41,384,687		7,866,263		27,710,472		565,678,716
Loans acquired with deteriorated credit quality		4,113,571		1,412,995		—		39,261		—		5,565,827
Total ending loan balance	$	319,968,234	$	175,375,419	$	41,384,687	$	7,905,524	$	27,728,979	$	572,362,843

Summary of recorded investment in nonaccrual and past due

The following table presents the recorded investment in nonaccrual and loans past due 90 days or more and still on accrual by class of loans as of March 31, 2022 and December 31, 2021:


	Nonaccrual		Loans Past Due 90 Days or More Still Accruing
March 31, 2022
Residential	$	839,620	$	—
Commercial and multi-family		—		—
Home equity and other consumer		39,394		—
Total	$	879,014	$	—

December 31, 2021
Residential	$	846,037	$	—
Commercial and multi-family		—		—
Home equity and other consumer		18,507		—
Total	$	864,544	$	—

Summary of loans receivable by credit quality risk

Based on the most recent analysis performed, the risk category of loans by class is as follows:


	Pass		Special Mention		Substandard		Doubtful		Totals
March 31, 2022
Residential	$	315,817,950	$	378,210	$	461,410	$	—	$	316,657,570
Commercial and multi-family		176,029,021		—		1,196,809		—		177,225,830
Construction		43,639,387		—		—		—		43,639,387
Commercial and industrial		3,494,447		—		—		—		3,494,447
Home equity and other consumer		25,522,484		21,928		18,369		—		25,562,781
Total	$	564,503,289	$	400,138	$	1,676,588	$	—	$	566,580,015

December 31, 2021
Residential	$	318,868,440	$	383,034	$	716,760	$	—	$	319,968,234
Commercial and multi-family		174,173,925		—		1,201,494		—		175,375,419
Construction		41,384,687		—		—		—		41,384,687
Commercial and industrial		7,905,524		—		—		—		7,905,524
Home equity and other consumer		27,710,472		—		18,507		—		27,728,979
Total	$	570,043,048	$	383,034	$	1,936,761	$	—	$	572,362,843