Loans (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Summary of Major Classifications of Loans

Major classifications of loans are as follows:

	As of December 31,
	2021			2020
Commercial:
Real estate	$	185,223		$	189,291
Land development		1,400			1,492
Other		38,160			46,184
Residential real estate:
First mortgage		80,661			68,968
Construction		3,388			2,954
Consumer:
Home equity and lines of credit		17,032			22,348
Other		128			361
Subtotal		325,992			331,598
Net deferred loan costs		655			178
Allowance for loan losses		(2,858	)		(2,703	)
Loans, net	$	323,789		$	329,073

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, 2021	Commercial		Residential		Consumer			Total
Allowance for loan losses
Beginning balance	$	1,609	$	745	$	349		$	2,703
Provision (credit) for loan losses		30		—		—			30
Loans charged-off		—		—		(19	)		(19	)
Recoveries		18		—		126			144
Ending balance	$	1,657	$	745	$	456		$	2,858

December 31, 2020	Commercial		Residential			Consumer			Total
Allowance for loan losses
Beginning balance	$	1,235	$	573		$	192		$	2,000
Provision (credit) for loan losses		360		100			40			500
Loans charged-off		—		(60	)		(8	)		(68	)
Recoveries		14		132			125			271
Ending balance	$	1,609	$	745		$	349		$	2,703

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, 2021	Commercial		Residential		Consumer		Total
Loans:
Individually evaluated for impairment	$	4,833	$	1,357	$	37	$	6,227
Collectively evaluated for impairment		219,950		82,692		17,123		319,765
Total loans	$	224,783	$	84,049	$	17,160	$	325,992
Allowance for loan losses:
Individually evaluated for impairment	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,657		745		456		2,858
Total allowance for loan losses	$	1,657	$	745	$	456	$	2,858

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

Summary of Information Regarding Impaired Loans

Information regarding impaired loans follows: 

	Recorded Investment		Unpaid Principal		Reserve		Average Investment		Interest Recognized
December 31, 2021
Impaired loans with reserve:
Commercial:
Real estate	$	—	$	—	$	—	$	—	$	—
Land development		—		—		—		—		—
Other		—		—		—		—		—
Residential real estate:
First mortgages		—		—		—		—		—
Construction		—		—		—		—		—
Consumer:
Home equity and lines of credit		—		—		—		—		—
Other		—		—		—		—		—
Total impaired loans with reserve		—		—		—		—		—
Impaired loans with no reserve:
Commercial:
Real estate	$	4,088	$	4,089		NA	$	5,615	$	213
Land development		—		—		NA		734		33
Other		745		796		NA		1,478		35
Residential real estate:
First mortgages		1,357		1,572		NA		914		34
Construction		—		—		NA		—		—
Consumer:
Home equity and lines of credit		37		41		NA		17		22
Other		—		—		NA		—		—
Total impaired loans with no reserve		6,227		6,498		NA		8,758		337
Total impaired loans	$	6,227	$	6,498	$	—	$	8,758	$	337

Information regarding impaired loans follows: 

	Recorded Investment		Unpaid Principal		Reserve		Average Investment		Interest Recognized
December 31, 2020
Impaired loans with reserve:
Commercial:
Real estate	$	—	$	—	$	—	$	—	$	—
Land development		—		—		—		—		—
Other		—		—		—		—		—
Residential real estate:
First mortgages		—		—		—		36		—
Construction		—		—		—		—		—
Consumer:
Home equity and lines of credit		—		—		—		4		—
Other		—		—		—		—		—
Total impaired loans with reserve		—		—		—		40		—
Impaired loans with no reserve:
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:
First mortgages		411		495		NA		568		261
Construction		—		—		NA		—		—
Consumer:
Home equity and lines of credit		21		51		NA		24		3
Other		—		—		NA		—		—
Total impaired loans with no reserve		11,005		11,119		NA		9,664		774
Total impaired loans	$	11,005	$	11,119	$	—	$	9,704	$	774

Summary of Internal Risk Ratings of Loans

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

December 31, 2021	Pass		Watch and Special Mention		Substandard		Total
Commercial:
Real estate	$	172,172	$	8,963	$	4,088	$	185,223
Land development		1,400		—		—		1,400
Other		37,414		1		745		38,160
Total	$	210,986	$	8,964	$	4,833	$	224,783

December 31, 2020	Pass		Watch and Special Mention		Substandard		Total
Commercial:
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

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, 2021	Performing		Non-Performing		Total
Residential real estate:
First mortgage	$	79,722	$	939	$	80,661
Construction		3,388		—		3,388
Consumer:
Home equity and lines of credit		16,954		78		17,032
Other		128		—		128
Total	$	100,192	$	1,017	$	101,209

December 31, 2020	Performing		Non-Performing		Total
Residential real estate:
First mortgage	$	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

Schedule of Analysis of Past due Loans

Loan aging and non-accrual information follows:

December 31, 2021	Current Loans		Loans Past Due 30-89 Days		Loans Past Due 90+ Days		Total Loans		Non-accrual Loans
Commercial:
Real estate	$	185,223	$	—	$	—	$	185,223	$	—
Land development		1,400		—		—		1,400		—
Other		38,127		33		—		38,160		—
Residential real estate:
First mortgage		80,319		342		—		80,661		939
Construction		3,388		—		—		3,388		—
Consumer:
Home equity and lines of credit		17,032		—		—		17,032		78
Other		128		—		—		128		—
Total	$	325,617	$	375	$	—	$	325,992	$	1,017
				Total non-accrual loans to total loans						0.31	%
				Total non-accrual loans to total assets						0.19	%

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	%

Summary of Information Regarding Non-accrual Loans

Non-performing loans are as follows: 

	Years ended December 31,
	2021		2020
Nonaccrual loans, other than troubled debt restructurings	$	826	$	1,068
Nonaccrual loans, troubled debt restructurings		191		219
Total nonperforming loans (NPLs)	$	1,017	$	1,287
Troubled debt restructurings, accruing	$	418	$	432