Loans (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Summary of Loans

Loans consisted of the following on December 31:

(Dollars in thousands)	2021		2020
Commercial	$	123,933	$	191,540
Commercial real estate		194,754		187,221
Residential real estate		168,247		177,155
Construction & land development		46,042		36,038
Consumer		16,074		17,916
Total loans before deferred loan (fees) and costs		549,050		609,870
Deferred loan (fees) and costs		104		(711	)
Total loans	$	549,154	$	609,159

Summary of Allowance for Loan Losses

Summary of Allowance for Loan Losses

(Dollars in thousands)	Commercial			Commercial Real Estate			Residential Real Estate			Construction & Land Development			Consumer			Unallocated			Total
December 31, 2021
Beginning balance	$	1,739		$	3,469		$	1,156		$	756		$	352		$	802		$	8,274
Provision for loan losses		(495	)		(639	)		(189	)		624			99			(55	)		(655	)
Charge-offs		(35	)		—			—			—			(95	)					(130	)
Recoveries		31			8			25			—			65						129
Net (charge-offs)    recoveries		(4	)		8			25			—			(30	)					(1	)
Ending balance	$	1,240		$	2,838		$	992		$	1,380		$	421		$	747		$	7,618
December 31, 2020
Beginning balance	$	2,408		$	2,153		$	1,152		$	203		$	481		$	620		$	7,017
Provision for loan losses		(722	)		1,413			16			865			(104	)		182			1,650
Charge-offs		(77	)		(138	)		(15	)		(312	)		(100	)					(642	)
Recoveries		130			41			3			—			75						249
Net (charge-offs)    recoveries		53			(97	)		(12	)		(312	)		(25	)		—			(393	)
Ending balance	$	1,739		$	3,469		$	1,156		$	756		$	352		$	802		$	8,274
December 31, 2019
Beginning balance	$	2,178		$	1,791		$	1,245		$	258		$	306		$	129		$	5,907
Provision for loan losses		102			361			(100	)		(55	)		341			491			1,140
Charge-offs		(47	)		—			—			—			(211	)					(258	)
Recoveries		175			1			7			—			45						228
Net (charge-offs)    recoveries		128			1			7			—			(166	)		—			(30	)
Ending balance	$	2,408		$	2,153		$	1,152		$	203		$	481		$	620		$	7,017

Allowances for Loan Losses and Ending Balances by Portfolio Segment and Impairment Method

The following table presents the balance in the allowance for loan losses and the ending loan balances by portfolio segment and impairment method as of December 31:

(Dollars in thousands)	Commercial		Commercial Real Estate		Residential Real Estate		Construction & Land Development		Consumer		Unallocated		Total
2021
Allowance for loan losses:
Ending allowance balances    attributable to loans:
Individually evaluated for    impairment	$	208	$	9	$	2	$	—		3	$	—	$	222
Collectively evaluated for    impairment		1,032		2,829		990		1,380		418		747		7,396
Total ending allowance    balance	$	1,240	$	2,838	$	992	$	1,380	$	421	$	747	$	7,618
Loans:
Loans individually    evaluated for    impairment	$	342	$	291	$	856	$	329	$	137			$	1,955
Loans collectively    evaluated for    impairment		123,591		194,463		167,391		45,713		15,937				547,095
Total ending loans balance	$	123,933	$	194,754	$	168,247	$	46,042	$	16,074			$	549,050
2020
Allowance for loan losses:
Ending allowance balances    attributable to loans:
Individually evaluated for    impairment	$	4	$	20	$	1	$	—		5	$	—	$	30
Collectively evaluated for    impairment		1,735		3,449		1,155		756		347		802		8,244
Total ending allowance    balance	$	1,739	$	3,469	$	1,156	$	756	$	352	$	802	$	8,274
Loans:
Loans individually    evaluated for    impairment	$	2,560	$	2,875	$	756	$	—	$	141			$	6,332
Loans collectively    evaluated for    impairment		188,980		184,346		176,399		36,038		17,775				603,538
Total ending loans balance	$	191,540	$	187,221	$	177,155	$	36,038	$	17,916			$	609,870

Schedule of Impairment by Class of Loans

The following table presents loans individually evaluated for impairment by class of loans as of December 31:

(Dollars in thousands)	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment 1		Related Allowance		Average Recorded Investment		Interest Income Recognized
2021
Commercial	$	354	$	134	$	208	$	342	$	208	$	1,397	$	23
Commercial real estate		433		233		59		292		9		1,945		85
Residential real estate		925		571		291		862		2		826		31
Construction & land development		646		330		—		330		—		330		—
Consumer		141		23		119		142		3		132		8
Total impaired loans	$	2,499	$	1,291	$	677	$	1,968	$	222	$	4,630	$	147
2020
Commercial	$	2,604	$	1,965	$	597	$	2,562	$	4	$	2,305	$	66
Commercial real estate		3,755		2,673		211		2,884		20		2,569		13
Residential real estate		923		513		247		760		1		782		33
Consumer		143		—		146		146		5		114		7
Total impaired loans	$	7,425	$	5,151	$	1,201	$	6,352	$	30	$	5,770	$	119
2019
Commercial	$	2,982	$	2,541	$	16	$	2,557	$	16	$	2,054	$	68
Commercial real estate		2,952		2,471		176		2,647		17		2,517		11
Residential real estate		1,024		457		396		853		1		1,093		54
Consumer		14		14		—		14		—		12		1
Total impaired loans	$	6,972	$	5,483	$	588	$	6,071	$	34	$	5,676	$	134

¹ Includes principal, accrued interest, unearned fees, and origination costs.

Schedule of Aging of Accruing Past Due and Nonaccrual Loans

The following table presents the aging of accruing past due and nonaccrual loans by class of loans as of December 31:

			Accruing Loans
(Dollars in thousands)	Current		30-59 Days Past Due		60-89 Days Past Due		90 Days + Past Due		Nonaccrual		Total Past Due and Nonaccrual		Total Loans
2021
Commercial	$	123,698	$	5	$	17	$	5	$	208	$	235	$	123,933
Commercial real estate		194,615		—		—		—		139		139		194,754
Residential real estate		167,689		191		—		—		367		558		168,247
Construction & land development		45,713		—		—		—		329		329		46,042
Consumer		15,863		171		—		—		40		211		16,074
Total loans	$	547,578	$	367	$	17	$	5	$	1,083	$	1,472	$	549,050
2020
Commercial	$	190,264	$	51	$	—	$	—	$	1,225	$	1,276	$	191,540
Commercial real estate		185,005		11		—		—		2,205		2,216		187,221
Residential real estate		175,812		606		—		49		688		1,343		177,155
Construction & land development		35,721		—		—		—		317		317		36,038
Consumer		17,713		168		22		—		13		203		17,916
Total loans	$	604,515	$	836	$	22	$	49	$	4,448	$	5,355	$	609,870

Summary of Troubled Debt Restructurings

Loan modifications considered TDRs completed during the year ended December 31 were as follows:

(Dollars in thousands)	Number Of Loans Restructured		Pre-Modification Recorded Investment		Post-Modification Recorded Investment
2021
Commercial		4	$	960	$	960
Commercial Real Estate		2		1,686		1,686
Residential Real Estate		1		159		159
Consumer		1		13		13
Total restructured loans		8	$	2,818	$	2,818
2020
Commercial		6	$	648	$	648
Commercial Real Estate		2		177		177
Residential Real Estate		2		189		189
Consumer		6		146		146
Total restructured loans		16	$	1,160	$	1,160
2019
Commercial		1	$	17	$	17
Total restructured loans		1	$	17	$	17

Summary of Loans by Credit Quality Indicator

Based on the most recent analysis performed, the risk category of loans by class was as follows on December 31:

(Dollars in thousands)	Pass		Special Mention		Substandard		Doubtful		Not Rated		Total
2021
Commercial	$	114,608	$	5,959	$	2,203	$	—	$	1,163	$	123,933
Commercial real estate		176,547		7,313		10,186		—		708		194,754
Construction & land development		33,205		5,439		329		—		7,069		46,042
Total	$	324,360	$	18,711	$	12,718	$	—	$	8,940	$	364,729
2020
Commercial	$	177,620	$	2,352	$	9,644	$	—	$	1,924	$	191,540
Commercial real estate		161,091		2,545		21,812		—		1,773		187,221
Construction & land development		29,182		—		—		317		6,539		36,038
Total	$	367,893	$	4,897	$	31,456	$	317	$	10,236	$	414,799