Schedule of activity in the allowance for loan losses by loan class

The following tables present the activity in the allowance for credit losses by portfolio class for the years ended December 31, 2024 and December 31, 2023:


					Real estate-				Obligations
	Commercial,				construction		Real estate-		of states
(Dollars in thousands)	financial and		Real estate-		1-4 family		construction		and political		Real estate-
	agricultural		commercial		residential		other		subdivisions		mortgage		Personal		Total
Year Ended
December 31, 2024
Allowance for credit losses:
Beginning balance,	$	740	$	2,799	$	104	$	778	$	39	$	1,157	$	60	$	5,677
Provision for credit losses		254		211		(72)		43		(15)		98		15		534
Loans charged off		—		—		—		—		—		—		(40)		(40)
Recoveries collected		—		—		—		—		—		3		9		12
Total ending allowance balance	$	994	$	3,010	$	32	$	821	$	24	$	1,258	$	44	$	6,183


					Real estate-				Obligations
	Commercial,				construction		Real estate-		of states
(Dollars in thousands)	financial and		Real estate-		1-4 family		construction		and political		Real estate-
	agricultural		commercial		residential		other		subdivisions		mortgage		Personal		Total
Year Ended
December 31, 2023
Allowance for loan losses:
Beginning balance, prior to ASC 326 adoption	$	297	$	1,110	$	69	$	1,077	$	54	$	1,385	$	35	$	4,027
Impact of adopting ASC 326		337		1,204		114		(407)		(9)		(497)		15		757
Initial allowance on loans purchased with credit deterioration		—		106		—		—		—		248		—		354
Provision for credit losses		106		379		(79)		108		(6)		(26)		18		500
Loans charged off		—		—		—		—		—		(19)		(28)		(47)
Recoveries collected		—		—		—		—		—		66		20		86
Total ending allowance balance	$	740	$	2,799	$	104	$	778	$	39	$	1,157	$	60	$	5,677

Schedule of Nonaccrual Loans by classes of the loan portfolio

The following tables present the amortized cost basis of loans on nonaccrual status, including nonaccrual status loans with no allowance, and loans past due over 89 days still accruing as of December 31, 2024 and December 31, 2023, respectively.


(Dollars in thousands)	Nonaccrual with		Nonaccrual with		Loans Past Due
	No Allowance		an Allowance		Over 89 Days
As of December 31, 2024	for Credit Loss		for Credit Loss		Still Accruing(1)
Commercial, financial and agricultural	$	—	$	105	$	—
Real estate - commercial		—		135		—
Real estate - mortgage		256		—		119
Total	$	256	$	240	$	119


(Dollars in thousands)	Nonaccrual with		Nonaccrual with		Loans Past Due
	No Allowance		an Allowance		Over 89 Days
As of December 31, 2023	for Credit Loss		for Credit Loss		Still Accruing(1)
Commercial, financial and agricultural	$	—	$	18	$	—
Real estate - commercial		4,877		—		—
Real estate - mortgage		57		—		—
Total	$	4,934	$	18	$	—

(1)	These loans are guaranteed, or well-secured, and there is an effective means of collection in process.

Schedule of classes of loan portfolio summarized by the aggregate risk rating

The following tables present the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of December 31, 2024 and December 31, 2023. The decrease in substandard loans as of December 31, 2024 compared to December 31, 2023 was primarily due to the payoff of a participated real estate – commercial loan relationship in 2024.


(Dollars in thousands)
			Special
As of December 31, 2024	Pass		Mention		Substandard		Doubtful		Total
Commercial, financial and agricultural	$	62,134	$	5,995	$	33	$	72	$	68,234
Real estate - commercial		234,572		11,984		1,026		—		247,582
Real estate - construction:
1-4 family residential construction		1,172		—		—		—		1,172
Other construction loans		32,119		4,536		—		—		36,655
Real estate - mortgage		161,488		496		787		—		162,771
Obligations of states and political subdivisions		13,850		—		—		—		13,850
Personal		3,605		—		—		—		3,605
Total	$	508,940	$	23,011	$	1,846	$	72	$	533,869


(Dollars in thousands)
			Special
As of December 31, 2023	Pass		Mention		Substandard		Doubtful		Total
Commercial, financial and agricultural	$	62,952	$	2,851	$	18	$	—	$	65,821
Real estate - commercial		203,590		13,682		5,805		—		223,077
Real estate - construction:
1-4 family residential construction		5,085		—		—		—		5,085
Other construction loans		42,845		4,659		—		—		47,504
Real estate - mortgage		162,111		218		56		—		162,385
Obligations of states and political subdivisions		17,232		—		—		—		17,232
Personal		4,290		—		—		—		4,290
Total	$	498,105	$	21,410		5,879	$	—	$	525,394

Based on the most recent analysis performed, the amortized cost basis by risk category of loans by class of loan and by origination year as of December 31, 2024 is as follows:


													Revolving		Revolving
(Dollars in thousands)													Loans		Loans
													Amortized		Converted
As of December 31, 2024	2024		2023		2022		2021		2020		Prior		Cost Basis		to Term		Total
Commercial, financial and agricultural:
Risk Rating
Pass	$	8,837	$	8,827	$	3,243	$	6,045	$	1,866	$	1,181	$	31,662	$	473	$	62,134
Special Mention		45		697		847		3,005		—		—		1,401		—		5,995
Substandard		—		—		—		—		—		13		20		—		33
Doubtful		—		—		—		—		—		72		—		—		72
Total commercial, financial and agricultural loans	$	8,882	$	9,524	$	4,090	$	9,050	$	1,866	$	1,266	$	33,083	$	473	$	68,234

Commercial, financial and agricultural loans:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real estate - commercial:
Risk Rating
Pass	$	35,515	$	42,566	$	45,170	$	30,571	$	12,222	$	59,135	$	8,589	$	804	$	234,572
Special Mention		—		—		—		—		8,165		3,620		199		—		11,984
Substandard		—		—		—		—		134		892		—		—		1,026
Doubtful		—		—		—		—		—		—		—		—		—
Total real estate - commercial loans	$	35,515	$	42,566	$	45,170	$	30,571	$	20,521	$	63,647	$	8,788	$	804	$	247,582

Real estate - commercial:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real estate - construction - 1-4 family residential:
Risk Rating
Pass	$	1,172	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,172
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total real estate - construction - 1-4 family residential loans	$	1,172	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	1,172

Real estate - construction - 1-4 family residential:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real estate - construction - other:
Risk Rating
Pass	$	10,405	$	9,241	$	103	$	3,392	$	187	$	3,036	$	4,963	$	792	$	32,119
Special Mention		—		—		—		—		4,536		—		—		—		4,536
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total real estate - construction - other loans	$	10,405	$	9,241	$	103	$	3,392	$	4,723	$	3,036	$	4,963	$	792	$	36,655

Real estate - construction - other:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


													Revolving		Revolving
(Dollars in thousands)													Loans		Loans
													Amortized		Converted
As of December 31, 2024 (cont.)	2024		2023		2022		2021		2020		Prior		Cost Basis		to Term		Total
Real estate - mortgage:
Risk Rating
Pass	$	19,193	$	23,800	$	42,675	$	16,802	$	12,836	$	38,894	$	6,767	$	521	$	161,488
Special Mention		—		—		100		—		—		196		200		—		496
Substandard		—		—		—		—		—		787		—		—		787
Doubtful		—		—		—		—		—				—		—		—
Total real estate - mortgage loans	$	19,193	$	23,800	$	42,775	$	16,802	$	12,836	$	39,877	$	6,967	$	521	$	162,771

Real estate - mortgage:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Obligations of states and political subdivisions:
Risk Rating
Pass	$	340	$	283	$	3,613	$	2,000	$	4,587	$	2,928	$	99	$	—	$	13,850
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total Obligations of states and political subdivisions	$	340	$	283	$	3,613	$	2,000	$	4,587	$	2,928	$	99	$	—	$	13,850

Obligations of states and political subdivisions:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Personal:
Risk Rating
Pass	$	1,573	$	1,227	$	492	$	149	$	7	$	79	$	56	$	22	$	3,605
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total personal loans	$	1,573	$	1,227	$	492	$	149	$	7	$	79	$	56	$	22	$	3,605

Personal:
Current period gross write offs	$	—	$	—	$	(2)	$	—	$	—	$	(35)	$	(3)	$	—	$	(40)

The amortized cost basis by risk category of loans by class of loan and by origination year as of December 31, 2023 is as follows:


													Revolving		Revolving
(Dollars in thousands)													Loans		Loans
													Amortized		Converted
As of December 31, 2023	2023		2022		2021		2020		2019		Prior		Cost Basis		to Term		Total
Commercial, financial and agricultural:
Risk Rating
Pass	$	10,750	$	5,123	$	11,793	$	4,971	$	3,903	$	830	$	25,582	$	—	$	62,952
Special Mention		70		414		—		—		72		—		2,295		—		2,851
Substandard		—		—		—		—		—		18		—		—		18
Doubtful		—		—		—		—		—		—		—		—		—
Total commercial, financial and agricultural loans	$	10,820	$	5,537	$	11,793	$	4,971	$	3,975	$	848	$	27,877	$	—	$	65,821

Commercial, financial and agricultural loans:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real estate - commercial:
Risk Rating
Pass	$	36,375	$	53,927	$	23,561	$	15,952	$	17,606	$	53,465	$	2,688	$	16	$	203,590
Special Mention		—		4,469		—		3,894		211		4,909		199		—		13,682
Substandard		—		—		—		4,877		—		928		—		—		5,805
Doubtful		—		—		—		—		—		—		—		—		—
Total real estate - commercial loans	$	36,375	$	58,396	$	23,561	$	24,723	$	17,817	$	59,302	$	2,887	$	16	$	223,077

Real estate - commercial:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real estate - construction - 1-4 family residential:
Risk Rating
Pass	$	1,674	$	3,411	$	—	$	—	$	—	$	—	$	—	$	—	$	5,085
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total real estate - construction - 1-4 family residential loans	$	1,674	$	3,411	$	—	$	—	$	—	$	—	$	—	$	—	$	5,085

Real estate - construction - 1-4 family residential:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real estate - construction - other:
Risk Rating
Pass	$	5,254	$	7,405	$	17,928	$	2,354	$	276	$	3,088	$	6,390	$	150	$	42,845
Special Mention		—		—		2		4,657		—		—		—		—		4,659
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total real estate - construction - other loans	$	5,254	$	7,405	$	17,930	$	7,011	$	276	$	3,088	$	6,390	$	150	$	47,504

Real estate - construction - other:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


													Revolving		Revolving
(Dollars in thousands)													Loans		Loans
													Amortized		Converted
As of December 31, 2023 (cont.)	2023		2022		2021		2020		2019		Prior		Cost Basis		to Term		Total
Real estate - mortgage:
Risk Rating
Pass	$	27,062	$	43,005	$	19,173	$	14,577	$	5,524	$	44,359	$	8,084	$	327	$	162,111
Special Mention		—		—		—		—		—		218		—		—		218
Substandard		—		—		—		—		—		56		—		—		56
Doubtful		—		—		—		—		—		—		—		—		—
Total real estate - mortgage loans	$	27,062	$	43,005	$	19,173	$	14,577	$	5,524	$	44,633	$	8,084	$	327	$	162,385

Real estate - mortgage:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	(19)	$	—	$	—	$	(19)

Obligations of states and political subdivisions:
Risk Rating
Pass	$	350	$	3,876	$	2,413	$	5,094	$	12	$	5,486	$	1	$	—	$	17,232
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total Obligations of states and political subdivisions	$	350	$	3,876	$	2,413	$	5,094	$	12	$	5,486	$	1	$	—	$	17,232

Obligations of states and political subdivisions:
Current period gross write offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Personal:
Risk Rating
Pass	$	2,385	$	1,093	$	362	$	87	$	63	$	187	$	91	$	22	$	4,290
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total personal loans	$	2,385	$	1,093	$	362	$	87	$	63	$	187	$	91	$	22	$	4,290

Personal:
Current period gross write offs	$	(4)	$	(2)	$	—	$	(4)	$	—	$	(18)	$	—	$	—	$	(28)