Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2025

Loans and Allowance for Credit Losses

Schedule of Classes of loans

	March 31,		December 31,
	2025		2024
Mortgage loans on real estate:
Residential 1-4 family	$	65,146	$	65,721
Commercial		24,735		21,412
Construction and land development		1,448		1,637
Total mortgage loans on real estate		91,329		88,770
Commercial loans		5,099		4,656
Consumer		3,817		3,479
		100,245		96,905
Plus:
Deferred Loan Costs		76		69
Less:
Allowance for credit losses		745		700
Net loans	$	99,576	$	96,274

Schedule of balance in the allowance for credit losses and the recorded investment in loans

	For the Three Months Ended
	March 31, 2025
	Mortgage Loans on Real Estate
					Construction
	Residential				and Land
	1-4 Family		Commercial		Development		Commercial
Allowance for credit losses:
Balance, beginning of period	$	271	$	339	$	13	$	60
Provision charged to expense		(5)		44		(2)		6
Losses charged off		—		—		—		—
Recoveries		—		—		—		—
Balance, end of period	$	266	$	383	$	11	$	66
Allowance for credit losses for unfunded loan commitments
Balance, beginning of period	$	2	$	7	$	6	$	2
Provision charged to expense		2		14		(6)		1
Losses charged off		—		—		—		—
Recoveries		—		—		—		—
Balance, end of period	$	4	$	21	$	—	$	3

	For the Three Months Ended
	March 31, 2025 (Continued)
	Consumer		Total
Allowance for credit losses:
Balance, beginning of period	$	17	$	700
Provision charged to expense		2		45
Losses charged off		—		—
Recoveries		—		—
Balance, end of year	$	19	$	745
Allowance for credit losses for unfunded loan commitments
Balance, beginning of year	$	—	$	17
Provision charged to expense		—		11
Losses charged off		—		—
Recoveries		—		—
Balance, end of year	$	—	$	28

	For the Three Months Ended
	March 31, 2024
	Mortgage Loans on Real Estate
					Construction
	Residential				and Land
	1-4 Family		Commercial		Development		Commercial
Allowance for credit losses:
Balance, beginning of period	$	247	$	332	$	15	$	65
Provision charged to expense		9		16		(4)		10
Losses charged off		—		—		—		—
Recoveries		—		—		—		—
Balance, end of year	$	256	$	348	$	11	$	75
Allowance for credit losses for unfunded loan commitments
Balance, beginning of year	$	2	$	10	$	8	$	2
Provision charged to expense		2		(3)		(6)		2
Losses charged off		—		—		—		—
Recoveries		—		—		—		—
Balance, end of year	$	4	$	7	$	2	$	4

	For the Three Months Ended
	March 31, 2024 (Continued)
	Consumer		Total
Allowance for credit losses:
Balance, beginning of period	$	16	$	675
Provision charged to expense		—		31
Losses charged off		—		—
Recoveries		—		—
Balance, end of year	$	16	$	706
Allowance for credit losses for unfunded loan commitments
Balance, beginning of year	$	—	$	22
Provision charged to expense		—		(5)
Losses charged off		—		—
Recoveries		—		—
Balance, end of year	$	—	$	17

Schedule of components of the provision for credit losses

The provision for credit losses is determined by the Company as the amount that is added to ACL accounts to bring the ACL to that, in management's judgement, is necessary to absorb expected credit losses over the lives of the respective financial instruments. The following table presents the components of the provision for credit losses:
	Three months ended March 31,
	2025		2024
Provision for credit losses:
Loans	$	45	$	31
Unfunded loan commitments		11		(5)
Total	$	56	$	26

Schedule of credit risk profile of the Bank's loan portfolio based on internal rating category and payment activity

	March 31, 2025
													Revolving
													Lines of
	2025		2024		2023		2022		2021		Prior		Credit		Total
Pass
Residential 1-4 Family	$	866	$	7,908	$	7,441	$	8,763	$	7,439	$	31,601	$	772	$	64,790
Commercial Real Estate		3,933		5,074		3,322		3,984		3,374		3,926		—		23,613
Construction and Land Development		—		481		802		—		—		165		—		1,448
Commercial		518		1,060		2,667		130		208		87		429		5,099
Consumer		772		1,446		854		275		318		152		—		3,817
Total Pass	$	6,089	$	15,969	$	15,086	$	13,152	$	11,339	$	35,931	$	1,201	$	98,767
Special Mention
Residential 1-4 Family	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Real Estate		—		—		631		—		—		—		—		631
Construction and Land Development		—		—		—		—		—		—		—		—
Commercial		—		—		—		—		—		—		—		—
Consumer		—		—		—		—		—		—		—		—
Total Special Mention	$	—	$	—	$	631	$	—	$	—	$	—	$	—	$	631
Substandard
Residential 1-4 Family	$	—	$	—	$	—	$	—	$	—	$	356	$	—	$	356
Commercial Real Estate		—		—		—		—		—		491		—		491
Construction and Land Development		—		—		—		—		—		—		—		—
Commercial		—		—		—		—		—		—		—		—
Consumer		—		—		—		—		—		—		—		—
Total Substandard	$	—	$	—	$	—	$	—	$	—	$	847	$	—	$	847
Total	$	6,089	$	15,969	$	15,717	$	13,152	$	11,339	$	36,778	$	1,201	$	100,245
Current period gross charge-offs:
Residential 1-4 Family	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Real Estate		—		—		—		—		—		—		—		—
Construction and Land Development		—		—		—		—		—		—		—		—
Commercial		—		—		—		—		—		—		—		—
Consumer		—		—		—		—		—		—		—		—
	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

	December 31, 2024
													Revolving
													Lines of
	2024		2023		2022		2021		2020		Prior		Credit		Total
Pass
Residential 1-4 Family	$	8,124	$	7,509	$	8,960	$	7,554	$	14,686	$	17,705	$	835	$	65,373
Commercial Real Estate		5,344		3,339		4,034		3,440		1,285		2,837		—		20,279
Construction and Land Development		625		843		—		—		46		123		—		1,637
Commercial		1,086		2,742		180		215		6		93		334		4,656
Consumer		1,659		945		322		373		172		8		—		3,479
Total Pass	$	16,838	$	15,378	$	13,496	$	11,582	$	16,195	$	20,766	$	1,169	$	95,424
Special Mention
Residential 1-4 Family	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Real Estate		—		637		—		—		—		—		—		637
Construction and Land Development		—		—		—		—		—		—		—		—
Commercial		—		—		—		—		—		—		—		—
Consumer		—		—		—		—		—		—		—		—
Total Special Mention	$	—	$	637	$	—	$	—	$	—	$	—	$	—	$	637
Substandard
Residential 1-4 Family	$	—	$	—	$	—	$	—	$	—	$	348	$	—	$	348
Commercial Real Estate		—		—		—		—		—		496		—		496
Construction and Land Development		—		—		—		—		—		—		—		—
Commercial		—		—		—		—		—		—		—		—
Consumer		—		—		—		—		—		—		—		—
Total Substandard	$	—	$	—	$	—	$	—	$	—	$	844	$	—	$	844
Total	$	16,838	$	16,015	$	13,496	$	11,582	$	16,195	$	21,610	$	1,169	$	96,905
Current period gross charge-offs:
Residential 1-4 Family	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Real Estate		—		—		—		—		—		(179)		—		(179)
Construction and Land Development		—		—		—		—		—		—		—		—
Commercial		—		(13)		—		—		—		—		—		(13)
Consumer		—		(2)		—		—		—		—		—		(2)
	$	—	$	(15)	$	—	$	—	$	—	$	(179)	$	—	$	(194)

Schedule of Bank's loan portfolio aging analysis

March 31, 2025							2025				Total
	30-59 Days		60-89 Days		90 Days and		Total Past				Loans
	Past Due		Past Due		Greater		Due		Current		Receivable
Mortgage loans on real estate:
Residential 1-4 family	$	372	$	—	$	156	$	528	$	64,618	$	65,146
Commercial		249		—		—		249		24,486		24,735
Construction and land development		—		—		—		—		1,448		1,448
Total real estate loans		621		—		156		777		90,552		91,329
Commercial		—		—		—		—		5,099		5,099
Consumer		31		3		—		34		3,783		3,817
Total	$	652	$	3	$	156	$	811	$	99,434	$	100,245

December 31, 2024							2024				Total
	30-59 Days		60-89 Days		90 Days and		Total Past				Loans
	Past Due		Past Due		Greater		Due		Current		Receivable
Mortgage loans on real estate:
Residential 1-4 family	$	445	$	219	$	317	$	981	$	64,740	$	65,721
Commercial		—		—		—		—		21,412		21,412
Construction and land development		—		—		—		—		1,637		1,637
Total real estate loans		445		219		317		981		87,789		88,770
Commercial		—		—		—		—		4,656		4,656
Consumer		46		—		—		46		3,433		3,479
Total	$	491	$	219	$	317	$	1,027	$	95,878	$	96,905

Schedule of information regarding collateral dependent loans

	March 31, 2025				December 31, 2024
	Loan		Specific		Loan		Specific
	Balance		Allowance		Balance		Allowance
Mortgage loans on real estate:
Residential 1-4 family		356		—	$	348	$	—
Commercial		491		—		496		—
Construction and land development		—		—		—		—
Total real estate loans		847		—		844		—
Commercial		—		—		—		—
Consumer		—		—		—		—
Total	$	847	$	—	$	844	$	—

Schedule of nonaccrual loans

							Total		Interest		Amortized
	Nonaccrual		Nonaccrual				Nonaccrual		Income		Cost Basis
	Loans with No		Loans with an		Total		Loans at		Recognized on		of Loans 90+
	Allowance for		Allowance for		Nonaccrual		Beginning of		Nonaccrual		Days Past Due
	Credit Losses		Credit Losses		Loans		Year		Loans		Not on Nonaccrual
March 31, 2025
Residential - First Mortgage		356		—		356		348		—		—
Commercial real estate		—		—		—		—		—		—
Construction and land development		—		—		—		—		—		—
Commercial and Industrial		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total	$	356	$	—	$	356	$	348	$	—	$	—
							Total		Interest		Amortized
	Nonaccrual		Nonaccrual				Nonaccrual		Income		Cost Basis
	Loans with No		Loans with an		Total		Loans at		Recognized on		of Loans 90+
	Allowance for		Allowance for		Nonaccrual		Beginning of		Nonaccrual		Days Past Due
	Credit Losses		Credit Losses		Loans		Year		Loans		Not on Nonaccrual
December 31, 2024
Residential - First Mortgage		348		—		348		177		—		—
Commercial real estate		—		—		—		156		—		—
Construction and land development		—		—		—		—		—		—
Commercial and Industrial		—		—		—		—		—		—
Consumer		—		—		—		—		—		—
Total	$	348	$	—	$	348	$	333	$	—	$	—