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Loans and Allowance for Credit Losses on Loans
 12 Months Ended
Dec. 31, 2024
Loans and Allowance for Credit Losses on Loans [Abstract]  
Loans and Allowance for Credit Losses on Loans
Note 3. Loans and Allowance for Credit Losses on Loans
On January 1, 2023, the Company adopted ASC 326. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables. For further discussion on the Company’s accounting policies and policy elections related to the accounting standard update refer to “Note 1. Description of Business and Summary of Significant Accounting Policies.” All loan information presented as of December 31, 2024 and 2023, is in accordance with ASC 326.

The following is a summary of the balances in each class of the Company’s portfolio of loans held for investment as of the dates indicated:
        December 31,  
(dollars in thousands)
  
 2024
    
 2023
  
Mortgage loans on real estate:
            
Residential 1-4 family
  
$
179,704
    
$
188,517
  
Commercial - owner occupied
    
127,933
      
156,466
  
Commercial - non-owner occupied
    
310,952
      
285,250
  
Multifamily
    
39,467
      
29,207
  
Construction and land development
    
85,926
      
107,179
  
Second mortgages
    
10,749
      
10,148
  
Equity lines of credit
    
56,851
      
55,981
  
Total mortgage loans on real estate
    
811,582
      
832,748
  
Commercial and industrial loans
    
53,906
      
64,112
  
Consumer automobile loans
    
124,689
      
160,437
  
Other consumer loans
    
17,449
      
19,718
  
Other  (1)
    
2,534
      
3,237
  
Total loans, net of deferred fees (2)
    
1,010,160
      
1,080,252
  
Less:  Allowance for credit losses on loans
    
11,447
      
12,206
  
Loans, net of allowance and deferred fees (2)
  
$
998,713
    
$
1,068,046
  

(1)
Overdrawn accounts are reclassified as loans and included in the Other catergory in the table above.  Overdrawn deposit accounts, excluding internal use accounts, totaled $286 thousand and $244 thousand at December 31, 2024 and 2023, respectively.
(2)
Net deferred loan costs totaled $868 thousand and $1.2 million at December 31, 2024 and 2023, respectively.

All classes of loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Interest and fees continue to accrue on past due loans until the date the loan is placed in nonaccrual status, if applicable. The following table includes an aging analysis of the recorded investment in past due loans as of the dates indicated. Also included in the table below are loans that are 90 days or more past due as to interest and principal and still accruing interest, because they are well-secured and in the process of collection. The following tables show the aging of the Company’s loan portfolio, by class, as of December 31, 2024 and 2023.
 

Age Analysis of Past Due Loans as of December 31, 2024

(dollars in thousands)
  
30 - 59 Days
Past Due
    
60 - 89 Days
Past Due
    
90 or More
Days Past
Due and still
Accruing
    
Nonaccrual (2)
    
Total Current
Loans (1)
    
Total
Loans
  
Mortgage loans on real estate:
                                    
Residential 1-4 family
  
$
125
    
$
-
    
$
-
    
$
39
    
$
179,540
    
$
179,704
  
Commercial - owner occupied
    
-
      
-
      
-
      
-
      
127,933
      
127,933
  
Commercial - non-owner occupied
    
-
      
-
      
-
      
-
      
310,952
      
310,952
  
Multifamily
    
-
      
-
      
-
      
-
      
39,467
      
39,467
  
Construction and land development
    
-
      
-
      
-
      
-
      
85,926
      
85,926
  
Second mortgages
    
176
      
13
      
-
      
-
      
10,560
      
10,749
  
Equity lines of credit
    
253
      
64
      
50
      
43
      
56,441
      
56,851
  
Total mortgage loans on real estate
  
$
554
    
$
77
    
$
50
    
$
82
    
$
810,819
    
$
811,582
  
Commercial and industrial loans
    
919
      
181
      
259
      
-
      
52,547
      
53,906
  
Consumer automobile loans
    
2,682
      
898
      
238
      
-
      
120,871
      
124,689
  
Other consumer loans
    
407
      
225
      
94
      
-
      
16,723
      
17,449
  
Other
    
286
      
-
      
-
      
-
      
2,248
      
2,534
  
Total
  
$
4,848
    
$
1,381
    
$
641
    
$
82
    
$
1,003,208
    
$
1,010,160

(1) For purposes of this table, Total Current Loans includes loans that are 1 - 29 days past due.
(2) For purposes of this table, if a loan is past due and on nonaccrual, it is included in the nonaccrual column and not also in its respective past due column.

Age Analysis of Past Due Loans as of December 31, 2023

(dollars in thousands)
  
30 - 59 Days
Past Due
    
60 - 89 Days
Past Due
    
90 or More
Days Past
Due and still
Accruing
    
Nonaccrual (2)
    
Total Current
Loans (1)
    
Total
Loans
  
Mortgage loans on real estate:
                                    
Residential 1-4 family
  
$
1,194
    
$
-
    
$
368
    
$
142
    
$
186,813
    
$
188,517
  
Commercial - owner occupied
    
100
      
-
      
322
      
-
      
156,044
      
156,466
  
Commercial - non-owner occupied
    
-
      
896
      
-
      
-
      
284,354
      
285,250
  
Multifamily
    
-
      
-
      
-
      
-
      
29,207
      
29,207
  
Construction and land development
    
-
      
-
      
-
      
-
      
107,179
      
107,179
  
Second mortgages
    
160
      
6
      
-
      
-
      
9,982
      
10,148
  
Equity lines of credit
    
205
      
-
      
-
      
46
      
55,730
      
55,981
  
Total mortgage loans on real estate
  
$
1,659
    
$
902
    
$
690
    
$
188
    
$
829,309
    
$
832,748
  
Commercial and industrial loans
    
527
      
427
      
306
      
-
      
62,852
      
64,112
  
Consumer automobile loans
    
3,254
      
706
      
661
      
-
      
155,816
      
160,437
  
Other consumer loans
    
634
      
264
      
123
      
-
      
18,697
      
19,718
  
Other
    
29
      
-
      
-
      
-
      
3,208
      
3,237
  
Total
  
$
6,103
    
$
2,299
    
$
1,780
    
$
188
    
$
1,069,882
    
$
1,080,252
(1) For purposes of this table, Total Current Loans includes loans that are 1 - 29 days past due.
(2) For purposes of this table, if a loan is past due and on nonaccrual, it is included in the nonaccrual column and not also in its respective past due column.
 
The following table shows the Company’s amortized cost basis of loans on nonaccrual status and loans past due 90 days and accruing as of December 31, 2024 and 2023 by class of loan.
 
   
Nonaccrual
    
Nonaccrual with no ACLL
    
90 Days and still Accruing
  
(dollars in thousands)
  
December 31, 2024
    
December 31, 2023
    
December 31, 2024
    
December 31, 2023
    
December 31, 2023
    
December 31, 2023
  
Mortgage loans on real estate:
                                    
Residential 1-4 family
  
$
39
    
$
142
    
$
39
    
$
-
    
$
-
    
$
368
  
Commercial - owner occupied
    
-
      
-
      
-
      
-
      
-
      
322
  
Construction and land development
    
-
      
-
      
-
      
-
      
-
      
-
  
Equity lines of credit
    
43
      
46
      
-
      
-
      
50
      
-
  
Total mortgage loans on real estate
    
82
      
188
      
39
      
-
      
50
      
690
  
Commercial and industrial loans
    
-
      
-
      
-
      
-
      
259
      
306
  
Consumer automobile loans
    
-
      
-
      
-
      
-
      
238
      
661
  
Other consumer loans
    
-
      
-
      
-
      
-
      
94
      
123
  
Total
  
$
82
    
$
188
    
$
39
    
$
-
    
$
641
    
$
1,780
  

The Company’s loan portfolio may include certain loans modified, where economic concessions have been granted to borrowers who are experiencing financial difficulties. These concessions typically result from the Company’s loss mitigation activities and could include reduction in the interest rate below current market rates for borrowers with similar risk profiles, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. The Company closely monitors the performance of modified loans to understand the effectiveness of modification efforts. Upon the determination that all or a portion of a modified loan is uncollectible, that amount is charged against the ACL. The Company did not grant any such modifications during the years ended December 31, 2024 and 2023.

Allowance for Credit Losses on Loans

 

ACLL is a material estimate for the Company. The Company estimates its ACLL on a quarterly basis. The Company models the ACLL using two primary segments, commercial and consumer. Within each segment, loan classes are further identified based on similar risk characteristics. The Company has identified the following classes within each segment:

•
Commercial: commercial and industrial, real estate - construction and land development, real estate – commercial (owner occupied and non-owner occupied), and other loans
•
Consumer: real estate – mortgage, and consumer loans

 

Each portfolio class has risk characteristics as follows:

 
•
Commercial and industrial: Commercial and industrial loans carry risks associated with the successful operation of a business or project, in addition to other risks associated with the ownership of a business. The repayment of these loans may be dependent upon the profitability and cash flows of the business. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time and cannot be appraised with as much precision.
•
Real estate - construction and land development: Construction loans carry risks that the project will not be finished according to schedule, the project will not be finished according to budget and the value of the collateral may at any point in time be less than the principal amount of the loan. Construction loans also bear the risk that the general contractor, who may or may not be the loan customer, may be unable to finish the construction project as planned because of financial pressure unrelated to the project.
•
Real estate - commercial: Commercial real estate loans carry risks associated with the successful operation of a business if owner occupied. If non-owner occupied, the repayment of these loans may be dependent upon the profitability and cash flow from rent receipts.
•
Real estate - mortgage: Residential mortgage loans and equity lines of credit carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral.
•
Consumer loans: Consumer loans carry risks associated with the continued credit-worthiness of the borrowers and the value of the collateral. Consumer loans are more likely than real estate loans to be immediately adversely affected by job loss, divorce, illness, or personal bankruptcy.
•
Other loans: Other loans are loans to mortgage companies, loans for purchasing or carrying securities, and loans to insurance, investment, and finance companies. These loans carry risks associated with the successful operation of a business. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time, depend on interest rates, or fluctuate in active trading markets.

The following tables present the activity in the ACLL by portfolio class for the years ended December 31, 2024 and December 31, 2023.
 

Allowance for Credit Losses



For the Year Ended December 31, 2024


(dollars in thousands)
  
Commercial
and Industrial
    
Real Estate
Construction
and Land
Development
    
Real Estate -
Mortgage (1)
    
Real Estate-
Commercial (2)
    
Consumer (3)
    
Other
    
Unallocated
    
Total
  
Allowance for credit losses on loans:
                                                
Balance, beginning
  
$
573
    
$
982
    
$
2,904
    
$
5,742
    
$
1,827
    
$
178
    
$
-
    
$
12,206
  
Charge-offs
    
(231
)
    
-
      
-
      
-
      
(1,519
)
    
(209
)
    
-
      
(1,959
)
Recoveries
    
10
      
-
      
31
      
11
      
336
      
47
      
-
      
435
  
Provision for loan losses
    
128
      
(168
)
    
(61
)
    
(260
)
    
997
      
129
      
-
      
765
  
Ending Balance
  
$
480
    
$
814
    
$
2,874
    
$
5,493
    
$
1,641
    
$
145
    
$
-
    
$
11,447
  



For the Year Ended December 31, 2023


(dollars in thousands)
  
Commercial
and Industrial
    
Real Estate
Construction
   
Real Estate -
Mortgage (1)
    
Real Estate-
Commercial (2)
    
Consumer (3)
    
Other
    
Unallocated
    
Total
  
Allowance for loan losses:
                                                
Balance, beginning
  
$
673
    
$
552
    
$
2,575
    
$
4,499
    
$
2,065
    
$
156
    
$
6
    
$
10,526
  
Day 1 impact of adoption of CECL
    
(11
)
    
19
      
87
      
1,048
      
(365
)
    
(137
)
    
-
      
641
  
Charge-offs
    
(492
)
    
-
      
-
      
-
      
(1,613
)
    
(298
)
    
-
      
(2,403
)
Recoveries
    
69
      
-
      
42
      
-
      
506
      
59
      
-
      
676
  
Provision for loan losses
    
334
      
411
      
200
      
195
      
1,234
      
398
      
(6
)
    
2,766
  
Ending Balance
  
$
573
    
$
982
    
$
2,904
    
$
5,742
    
$
1,827
    
$
178
    
$
-
    
$
12,206
  


(1) The real estate-mortgage segment included residential 1-4 family, multi-family, second mortgages and equity lines of credit.

(2) The real estate-commerical segment included commerical-owner occupied and commercial non-owner occupied
(3) The consumer segment includes consumer automobile loans.


The following table presents a breakdown of the provision for credit losses for the periods indicated.

  Year Ended December 31,  
(dollars in thousands)
   2024     2023
  
Provision for credit losses:
            
Provision for loans
   $ 765     $ 2,766  
Provison for (recovery of) unfunded commitments
     (52 )     (165 )
Total
   $ 713     $ 2,601  


Credit Quality Indicators

 

Credit quality indicators are utilized to help estimate the collectability of each loan. Consumer loans not secured by real estate and made to individuals for household, family and other personal expenditures are segmented into pools based on days past due, while all other loans, including loans to consumers that are secured by real estate, are segmented by risk grades. While other credit quality indicators are evaluated and analyzed as part of the Company’s credit risk management activities, the Company uses internally-assigned risk grades as the primary indicator to estimate the capability of borrowers to repay the contractual obligations of their loan agreements as scheduled or at all. The Company’s internal risk grade system is based on experiences with similarly graded loans. Credit risk grades are updated at least quarterly as additional information becomes available, at which time management analyzes the resulting scores to track loan performance.

 
The Company’s internally assigned risk grades are as follows:
 
•
Pass: Loans are of acceptable risk.
•
Other Assets Especially Mentioned (OAEM): Loans have potential weaknesses that deserve management’s close attention.
•
Substandard: Loans reflect significant deficiencies due to several adverse trends of a financial, economic or managerial nature.
•
Doubtful: Loans have all the weaknesses inherent in a substandard loan with added characteristics that make collection or liquidation in full based on currently existing facts, conditions, and values highly questionable or improbable.
•
Loss: Loans have been identified for charge-off because they are considered uncollectible and of such little value that their continuance as bankable assets is not warranted.


The following tables present credit quality exposures by internally assigned risk ratings originated as of the dates indicated:
   
December 31, 2024
  
   
Term Loans Amortized Cost Basis by Origination Year
              
(dollars in thousands)
  
2024
    
2023
    
2022
    
2021
    
2020
    
Prior
    
Revolving
Loans
    
Total
  
Construction and land development
                                                
Pass
  
$
34,692
    
$
24,752
    
$
22,882
    
$
1,476
    
$
1,749
    
$
375
    
$
-
    
$
85,926
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total construction and land development
  
$
34,692
    
$
24,752
    
$
22,882
    
$
1,476
    
$
1,749
    
$
375
    
$
-
    
$
85,926
  
                                                                 
Commercial real estate - owner occupied
                                                                
Pass
  
$
12,111
    
$
8,432
    
$
21,984
    
$
18,533
    
$
10,860
    
$
54,917
    
$
1,096
    
$
127,933
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total commercial real estate - owner occupied
  
$
12,111
    
$
8,432
    
$
21,984
    
$
18,533
    
$
10,860
    
$
54,917
    
$
1,096
    
$
127,933
  
                                                                 
Commercial real estate - non-owner occupied
                                                                
Pass
  
$
9,845
    
$
41,205
    
$
71,545
    
$
94,393
    
$
39,153
    
$
42,184
    
$
215
    
$
298,540
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
767
      
-
      
767
  
Substandard
    
-
      
-
      
-
      
11,645
      
-
      
-
      
-
      
11,645
  
Total commercial real estate - non-owner occupied
  
$
9,845
    
$
41,205
    
$
71,545
    
$
106,038
    
$
39,153
    
$
42,951
    
$
215
    
$
310,952
  
                                                                 
Commercial and industrial
                                                                
Pass
  
$
5,578
    
$
12,391
    
$
11,198
    
$
3,058
    
$
919
    
$
3,455
    
$
17,307
    
$
53,906
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total commercial and industrial
  
$
5,578
    
$
12,391
    
$
11,198
    
$
3,058
    
$
919
    
$
3,455
    
$
17,307
    
$
53,906
  
                                                                 
Multifamily real estate
                                                                
Pass
  
$
-
    
$
6,966
    
$
1,343
    
$
2,081
    
$
580
    
$
22,495
    
$
6,002
    
$
39,467
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total multifamily real estate
  
$
-
    
$
6,966
    
$
1,343
    
$
2,081
    
$
580
    
$
22,495
    
$
6,002
    
$
39,467
  
                                                                 
Residential 1-4 family
                                                                
Pass
  
$
12,100
    
$
32,787
    
$
37,879
    
$
32,992
    
$
23,912
    
$
53,012
    
$
54,540
    
$
247,222
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
82
      
-
      
82
  
Total residential 1-4 family
  
$
12,100
    
$
32,787
    
$
37,879
    
$
32,992
    
$
23,912
    
$
53,094
    
$
54,540
    
$
247,304
  
                                                                 
Consumer - automobile
                                                                
Pass
  
$
24,763
    
$
33,695
    
$
53,434
    
$
7,397
    
$
1,939
    
$
3,461
    
$
-
    
$
124,689
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total consumer - automobile
  
$
24,763
    
$
33,695
    
$
53,434
    
$
7,397
    
$
1,939
    
$
3,461
    
$
-
    
$
124,689
  
                                                                 
Consumer - other
                                                                
Pass
  
$
1,041
    
$
182
    
$
345
    
$
236
    
$
14
    
$
14,037
    
$
1,594
    
$
17,449
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total consumer - other
  
$
1,041
    
$
182
    
$
345
    
$
236
    
$
14
    
$
14,037
    
$
1,594
    
$
17,449
  
                                                                 
Other
                                                                
Pass
  
$
1,490
    
$
-
    
$
-
    
$
274
    
$
-
    
$
770
    
$
-
    
$
2,534
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total other
  
$
1,490
    
$
-
    
$
-
    
$
274
    
$
-
    
$
770
    
$
-
    
$
2,534
  
                                                                 
Total loans
                                                                
Pass
  
$
101,620
    
$
160,410
    
$
220,610
    
$
160,440
    
$
79,126
    
$
194,706
    
$
80,754
    
$
997,666
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
767
      
-
      
767
  
Substandard
    
-
      
-
      
-
      
11,645
      
-
      
82
      
-
      
11,727
  
Total loans
  
$
101,620
    
$
160,410
    
$
220,610
    
$
172,085
    
$
79,126
    
$
195,555
    
$
80,754
    
$
1,010,160
  

   
December 31, 2023
  
   
Term Loans Amortized Cost Basis by Origination Year
              
(dollars in thousands)
  
2023
    
2022
    
2021
    
2020
    
2019
    
Prior
    
Revolving
Loans
    
Total
  
Construction and land development
                                                
Pass
  
$
40,168
    
$
36,581
    
$
25,770
    
$
3,630
    
$
297
    
$
285
    
$
448
    
$
107,179
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total construction and land development
  
$
40,168
    
$
36,581
    
$
25,770
    
$
3,630
    
$
297
    
$
285
    
$
448
    
$
107,179
  
                                                                 
Commercial real estate - owner occupied
                                                                
Pass
  
$
10,145
    
$
33,720
    
$
21,058
    
$
13,708
    
$
12,025
    
$
56,978
    
$
5,680
    
$
153,314
  
OAEM
    
-
      
-
      
-
      
-
      
77
      
2,985
      
-
      
3,062
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
90
      
-
      
90
  
Total commercial real estate - owner occupied
  
$
10,145
    
$
33,720
    
$
21,058
    
$
13,708
    
$
12,102
    
$
60,053
    
$
5,680
    
$
156,466
  
                                                                 
Commercial real estate - non-owner occupied
                                                                
Pass
  
$
31,539
    
$
53,217
    
$
96,755
    
$
38,704
    
$
10,517
    
$
51,451
    
$
2,263
    
$
284,446
  
OAEM
    
-
      
-
      
-
      
-
      
804
      
-
      
-
      
804
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total commercial real estate - non-owner occupied
  
$
31,539
    
$
53,217
    
$
96,755
    
$
38,704
    
$
11,321
    
$
51,451
    
$
2,263
    
$
285,250
  
                                                                 
Commercial and industrial
                                                                
Pass
  
$
18,248
    
$
21,698
    
$
4,300
    
$
1,691
    
$
2,192
    
$
2,075
    
$
13,908
    
$
64,112
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total commercial and industrial
  
$
18,248
    
$
21,698
    
$
4,300
    
$
1,691
    
$
2,192
    
$
2,075
    
$
13,908
    
$
64,112
  
                                                                 
Multifamily real estate
                                                                
Pass
  
$
6,568
    
$
3,841
    
$
2,151
    
$
605
    
$
5,955
    
$
9,005
    
$
1,082
    
$
29,207
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total multifamily real estate
  
$
6,568
    
$
3,841
    
$
2,151
    
$
605
    
$
5,955
    
$
9,005
    
$
1,082
    
$
29,207
  
                                                                 
Residential 1-4 family
                                                                
Pass
  
$
27,497
    
$
41,062
    
$
39,937
    
$
26,368
    
$
13,009
    
$
52,148
    
$
54,087
    
$
254,108
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
350
      
46
      
142
      
-
      
538
  
Total residential 1-4 family
  
$
27,497
    
$
41,062
    
$
39,937
    
$
26,718
    
$
13,055
    
$
52,290
    
$
54,087
    
$
254,646
  
                                                                 
Consumer - automobile
                                                                
Pass
  
$
52,750
    
$
83,885
    
$
13,184
    
$
4,152
    
$
1,618
    
$
4,848
    
$
-
    
$
160,437
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total consumer - automobile
  
$
52,750
    
$
83,885
    
$
13,184
    
$
4,152
    
$
1,618
    
$
4,848
    
$
-
    
$
160,437
  
                                                                 
Consumer - other
                                                                
Pass
  
$
323
    
$
765
    
$
330
    
$
109
    
$
11
    
$
16,089
    
$
2,091
    
$
19,718
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total consumer - other
  
$
323
    
$
765
    
$
330
    
$
109
    
$
11
    
$
16,089
    
$
2,091
    
$
19,718
  
                                                                 
Other
                                                                
Pass
  
$
1,620
    
$
-
    
$
292
    
$
-
    
$
-
    
$
1,325
    
$
-
    
$
3,237
  
OAEM
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Substandard
    
-
      
-
      
-
      
-
      
-
      
-
      
-
      
-
  
Total other
  
$
1,620
    
$
-
    
$
292
    
$
-
    
$
-
    
$
1,325
    
$
-
    
$
3,237
  
                                                                 
Total loans
                                                                
Pass
  
$
188,858
    
$
274,769
    
$
203,777
    
$
88,967
    
$
45,624
    
$
194,204
    
$
79,559
    
$
1,075,758
  
OAEM
    
-
      
-
      
-
      
-
      
881
      
2,985
      
-
      
3,866
  
Substandard
    
-
      
-
      
-
      
350
      
46
      
232
      
-
      
628
  
Total loans
  
$
188,858
    
$
274,769
    
$
203,777
    
$
89,317
    
$
46,551
    
$
197,421
    
$
79,559
    
$
1,080,252
  

The following tables detail the current period gross charge-offs of loans by year of origination as of December 31, 2024 and 2023:

 
December 31, 2024
  
 
Current Period Charge-offs by Origination Year
          
(dollars in thousands)
2024
  
2023
  
2022
  
2021
  
2020
  
Prior
  
Revolving
Loans
Amortized
Cost Basis
  
Total
  
Commercial and industrial
   $ 28     $ 47     $ 147     $ -     $ -     $ 9     $ -     $ 231  
Consumer - automobile
    
34
      
376
      
827
      
201
      
36
      
33
      
-
      
1,507
  
Consumer - other
    
4
      
-
      
-
      
-
      
-
      
8
      
-
      
12
  
Other (1)
    
209
       -       -       -       -       -      
-
      
209
  
Total
  
$
275
    
$
423
    
$
974
    
$
201
    
$
36
    
$
50
    
$
-
    
$
1,959
  
(1) Gross charge-offs of other loans for the year ended December 31, 2024 included $209 thousand of demand deposit overdrafts that originated in 2024.

   
December 31, 2023
  
   
Current Period Charge-offs by Origination Year
              
(dollars in thousands)
  
2023
    
2022
    
2021
    
2020
    
2019
    
Prior
    
Revolving
Loans
Amortized
Cost Basis
    
Total
  
Commercial and industrial
 		  $
-     $
436     $
18     $
21     $
-     $
17     $
-     $
492  
Consumer - automobile
    
54
      
987
      
318
      
110
      
18
      
64
      
-
      
1,551
  
Consumer - other
    
5
      
-
      
5
      
-
      
3
      
49
      
-
      
62
  
Other (1)
    
277
      
21
      
-
      
-
      
-
      
-
      
-
      
298
  
Total
  
$
336
    
$
1,444
    
$
341
    
$
131
    
$
21
    
$
130
    
$
-
    
$
2,403
  

(1) Gross charge-offs of other loans for the year ended December 31, 2023 included $277 thousand of demand deposit overdrafts that originated in 2023.

As of December 31, 2024, the Company had no collateral dependent loans for which repayment was expected to be derived substantially through the operation or sale of the collateral and where the borrower is experiencing financial difficulty.