Loans — Loans are reported at their outstanding principal balances less unearned income, the allowance for credit losses and any deferred fees or costs on originated loans. Interest income on loans is accrued based on the principal balance outstanding. Loan origination fees, net of certain loan origination costs, are deferred and recognized as an adjustment to the related loan yield using a method which approximates the interest method.

For financial reporting purposes, the Company classifies its loan portfolio based on the underlying collateral utilized to secure each loan. This classification is consistent with that utilized in the Quarterly Report of Condition and Income filed by the Bank with the Federal Deposit Insurance Corporation (“FDIC”).

Construction, land development and farmland: Loans for non-owner-occupied real estate construction or land development are generally repaid through cash flow related to the operation, sale or refinance of the property. The Company also finances construction loans for owner-occupied properties. A portion of the Company’s construction and land portfolio segment is comprised of loans secured by residential product types (residential land and single-family construction). Construction and land development loans are underwritten utilizing independent appraisal reviews, sensitivity analysis of absorption and lease rates, market sales activity, and financial analysis of the developers and property owners. Construction loans generally rely on estimates of project costs and the anticipated value of the completed project, while the Company strives to ensure the accuracy of these estimates, it is possible for these estimates to be inaccurate. Construction loans often involve the disbursement of substantial funds with repayments substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, the value of the completed project, general economic conditions and the availability of long-term financing.

Residential 1-4 family real estate: Residential real estate loans represent loans to consumers or investors to finance a residence. These loans are typically financed on 15 to 30 year amortization terms, but generally with shorter maturities of 5 to 15 years. Many of these loans are extended to borrowers to finance their primary or secondary residence. Loans to an investor secured by a 1-4 family residence will be repaid from either the rental income from the property or from the sale of the property. This loan segment also includes closed-end home equity loans that are secured by a first or second mortgage on the borrower’s residence. This allows customers to borrow against the equity in their home. Loans in this portfolio segment are underwritten and approved based on a number of credit quality criteria including limits on maximum Loan-to-Value ("LTV") ratios, minimum credit scores, and maximum debt to income ratios. Real estate market values as of the time the loan is made directly affect the amount of credit extended and, in addition, changes in these residential property values impact the depth of potential losses in this portfolio segment.

1-4 family equity lines of credit: This loan segment includes open-end home equity loans that are secured by a first or second mortgage on the borrower’s residence. This allows customers to borrow against the equity in their home utilizing a revolving line of credit. These loans are underwritten and approved based on a number of credit quality criteria including limits on maximum LTV ratios, minimum credit scores, and maximum debt to income ratios. Real estate market values as of the time the loan is made directly affect the amount of credit extended and, in addition, changes in these residential property values impact the depth of potential losses in this

portfolio segment. Because of the revolving nature of these loans, as well as the fact that many represent second mortgages, this portfolio segment can contain more risk than the amortizing 1-4 family residential real estate loans.

Commercial and multi-family real estate: Multi-family and commercial real estate loans are subject to underwriting standards and processes similar to commercial and industrial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate.

Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type. This diversity helps reduce the Company’s exposure to adverse economic events that affect any single market or industry. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. The Company also utilizes third-party experts to provide insight and guidance about economic conditions and trends affecting the market areas it serves. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied commercial real estate loans. Non-owner occupied commercial real estate loans are loans secured by multifamily and commercial properties where the primary source of repayment is derived from rental income associated with the property (that is, loans for which 50 percent or more of the source of repayment comes from third party, nonaffiliated, rental income) or the proceeds of the sale, refinancing, or permanent financing of the property. These loans are made to finance income-producing properties such as apartment buildings, office and industrial buildings, and retail properties. Owner-occupied commercial real estate loans are loans where the primary source of repayment is the cash flow from the ongoing operations and business activities conducted by the party, or affiliate of the party, who owns the property.

Commercial, industrial, and agricultural: The commercial, industrial, and agricultural loan portfolio segment includes commercial, industrial, and agricultural loans to commercial customers for use in normal business operations to finance working capital needs, equipment purchases or other expansion projects. Collection risk in this portfolio is driven by the creditworthiness of underlying borrowers, particularly cash flow from customers’ business operations. Commercial, industrial, and agricultural loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower, if any. The cash flows of borrowers, however, may not be as expected and any collateral securing these loans may fluctuate in value. Most commercial, industrial, and agricultural loans are secured by the assets being financed or other business assets such as accounts receivable, inventory, crops, or livestock and usually incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers.

Consumer: The consumer loan portfolio segment includes non-real estate secured direct loans to consumers for household, family, and other personal expenditures. Consumer loans may be secured or unsecured and are usually structured with short or medium term maturities. These loans are underwritten and approved based on a number of consumer credit quality criteria including limits on maximum LTV ratios on secured consumer loans, minimum credit scores, and maximum debt to income ratios. Many traditional forms of consumer installment credit have standard monthly payments and fixed repayment schedules of one to five years. These loans are made with either fixed or variable interest rates that are based on specific indices. Installment loans fill a variety of needs, such as financing the purchase of an automobile, a boat, a recreational vehicle or other large personal items, or for consolidating debt. These loans may be unsecured or secured by an assignment of title, as in an automobile loan, or by money in a bank account. In addition to consumer installment loans, this portfolio segment also includes secured and unsecured personal lines of credit as well as overdraft protection lines. Loans in this portfolio segment are sensitive to unemployment and other key consumer economic measures.

Allowance For Credit Losses ("ACL") - Loans. The allowance for credit losses on loans is a contra-asset valuation account, calculated in accordance with Accounting Standards Codification ("ASC") Topic 326 ("ASC 326") Financial Instruments-Credit Losses, that is deducted from the amortized cost basis of loans to present the net amount expected to be collected. The amount of the allowance represents management's best estimate of current expected credit losses on loans considering available information from internal and external sources, relevant to assessing collectability over the loans' contractual terms, adjusted for expected prepayments when appropriate. Relevant available information includes historical credit loss experience, current conditions and reasonable and supportable forecasts. While historical credit loss experience provides the basis for the estimation of expected credit losses, adjustments to historical loss information may be made for differences in current portfolio-specific risk characteristics, environmental conditions or other relevant factors. The allowance for credit losses is measured on a collective basis for portfolios of loans when similar risk characteristics exist. Loans that do not share risk characteristics are evaluated for expected credit losses on an individual basis and excluded from the collective evaluation. Expected credit losses for collateral dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate.

The Company’s discounted cash flow methodology incorporates a probability of default and loss given default model, as well as expectations of future economic conditions, using reasonable and supportable forecasts. Together, the probability of default and loss given default model with the use of reasonable and supportable forecasts generate estimates for cash flows expected and not expected to be collected over the estimated life of a loan. Estimates of future expected cash flows ultimately reflect assumptions made concerning net credit losses over the life of a loan. The use of reasonable and supportable forecasts requires significant judgment. Management leverages economic projections from reputable and independent third parties to inform and provide its reasonable and supportable

economic forecasts. The Company’s model reverts to a straight line basis for purposes of estimating cash flows beyond a period deemed reasonable and supportable. The Company forecasts probability of default and loss given default based on economic forecast scenarios over an eight quarter time period before reverting to a straight line basis for a four quarter time period. The duration of the forecast horizon, the period over which forecasts revert to a straight line basis, the economic forecasts that management utilizes, as well as additional internal and external indicators of economic forecasts that management considers, may change over time depending on the nature and composition of our loan portfolio. Changes in economic forecasts, in conjunction with changes in loan specific attributes, impact a loan’s probability of default and loss given default, which can drive changes in the determination of the ACL. Expectations of future cash flows are discounted at the loan’s effective interest rate. The resulting ACL represents the amount by which a loan’s amortized cost exceeds the net present value of a loan’s discounted cash flows expected to be collected. The ACL is recorded through a charge to provision for credit losses and is reduced by charge-offs, net of recoveries on loans previously charged-off. It is the Company’s policy to charge-off loan balances at the time they have been deemed uncollectible.

For segments where the discounted cash flow methodology is not used, a remaining life methodology is utilized. The remaining life method uses an average annual charge-off rate applied to the contractual term, further adjusted for estimated prepayments to determine the unadjusted historical charge-off rate for the remaining balance of assets.

The estimated credit losses for all loan segments are adjusted for changes in qualitative factors not inherently considered in the quantitative analyses. The qualitative categories and the measurements used to quantify the risks within each of these categories are subjectively selected by management. The data for each measurement may be obtained from internal or external sources. The current period measurements are evaluated and assigned a factor commensurate with the current level of risk relative to past measurements over time. The resulting qualitative adjustments are applied to the relevant collectively evaluated loan portfolios. These adjustments are based upon the following:

The qualitative allowance allocation, as determined by the processes noted above, is increased or decreased for each loan segment based on the assessment of these various qualitative factors.

Loans that do not share similar risk characteristics with the collectively evaluated pools are evaluated on an individual basis and are excluded from the collectively evaluated pools. Individual evaluations are generally performed for loans greater than $500,000 which have experienced significant credit deterioration. Such loans are evaluated for credit losses based on the fair value of collateral. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral, less selling costs. For loans for which foreclosure is not probable, but for which repayment is expected to be provided substantially through the operation or sale of the collateral, the Company has elected the practical expedient under ASC 326 to estimate expected credit losses based on the fair value of collateral, with selling costs considered in the event sale of the collateral is expected.

In assessing the adequacy of the allowance for credit losses, the Company considers the results of the Company's ongoing independent loan review process. The Company undertakes this process both to ascertain those loans in the portfolio with elevated credit risk and to assist in its overall evaluation of the risk characteristics of the entire loan portfolio. Its loan review process includes the judgment of management, independent internal loan reviewers and reviews that may have been conducted by third-party reviewers including regulatory examiners. The Company incorporates relevant loan review results in calculating the allowance for credit losses.

In accordance with Current Expected Credit Losses ("CECL"), losses are estimated over the remaining contractual terms of loans, adjusted for prepayments and curtailment. The contractual term excludes expected extensions, renewals and modifications.

Credit losses are estimated on the amortized cost basis of loans, which includes the principal balance outstanding and deferred loan fees and costs.

While management utilizes its best judgment and information available, the ultimate appropriateness of the allowance is dependent upon a variety of factors beyond our control, including the performance of our loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications.

Loans are charged off when management believes that the full collectability of the loan is unlikely. As such, a loan may be partially charged-off after a “confirming event” has occurred which serves to validate that full repayment pursuant to the terms of the loan is unlikely.

Transactions in the allowance for credit losses for the nine months ended September 30, 2024 and 2023 are summarized as follows:


	(In Thousands)
	Residential 1-4 Family Real Estate		Commercial and Multi-family Real Estate		Construction, Land Development and Farmland		Commercial, Industrial and Agricultural			1-4 family Equity Lines of Credit		Consumer and Other			Total
September 30, 2024
Allowance for credit losses - loans:
Beginning balance January 1,	$	8,765		17,422		14,027		1,533			1,809		1,292			44,848
Provision for credit losses		423		1,860		788		19			63		410			3,563
Charge-offs		—		—		—		(23	)		—		(727	)		(750	)
Recoveries		34		—		17		13			—		317			381
Ending balance	$	9,222	$	19,282	$	14,832	$	1,542		$	1,872	$	1,292			48,042


	(In Thousands)
	Residential 1-4 Family Real Estate		Commercial and Multi- family Real Estate		Construction, Land Development and Farmland		Commercial, Industrial and Agricultural		1-4 family Equity Lines of Credit		Consumer and Other			Total
September 30, 2023
Allowance for credit losses - loans:
Beginning balance January 1,	$	7,310		15,299		13,305		1,437		1,170		1,292			39,813
Provision		1,187		1,769		1,400		119		312		894			5,681
Charge-offs		—		—		—		—		—		(1,162	)		(1,162	)
Recoveries		19		—		17		1		—		332			369
Ending balance	$	8,516		17,068		14,722		1,557		1,482		1,356			44,701

Transactions in the allowance for credit losses for the three months ended September 30, 2024 and 2023 are summarized as follows:


	(In Thousands)
	Residential 1-4 Family Real Estate		Commercial and Multi- family Real Estate		Construction, Land Development and Farmland		Commercial, Industrial and Agricultural			1-4 family Equity Lines of Credit			Consumer and Other			Total
September 30, 2024
Allowance for credit losses - loans:
Beginning balance July 1,	$	8,837		17,640		13,574		1,432			1,877			1,301			44,661
Provision for credit losses		377		1,642		1,248		119			(5	)		183			3,563
Charge-offs		—		—		—		(9	)		—			(266	)		(275	)
Recoveries		8		—		11		—			—			74			93
Ending balance	$	9,222		19,282		14,832		1,542			1,872			1,292			48,042

Loans are placed on nonaccrual status when there is a significant deterioration in the financial condition of the borrower, which often is determined when the principal or interest on the loan is 90 days or more past due, unless the loan is both well-secured and in the process of collection. Generally, all interest accrued but not collected for loans that are placed on nonaccrual status, is reversed against current income. Interest income is subsequently recognized only to the extent cash payments are received while the loan is classified as nonaccrual, but interest income recognition is reviewed on a case-by-case basis. A nonaccrual loan is returned to accruing status once the loan has been brought current and collection is reasonably assured or the loan has been “well-secured” through other techniques. Past due status is determined based on the contractual due date per the underlying loan agreement.

The following tables present the Company’s nonaccrual loans and past due loans as of September 30, 2024 and December 31, 2023.


	(In thousands)
	30-59 Days Past Due		60-89 Days Past Due		Non Accrual or Greater Than 89 Days Past Due		Total Non Accrual and Past Due		Current		Total Loans		Recorded Investment Greater Than 89 Days Past Due and Accruing
September 30, 2024
Residential 1-4 family real estate	$	2,256		1,106		1,151		4,513		1,088,165		1,092,678	$	753
Commercial and multi-family real estate		1,185		154		3,609		4,948		1,484,875		1,489,823		—
Construction, land development and farmland		2,352		—		135		2,487		942,459		944,946		135
Commercial, industrial and agricultural		209		—		—		209		133,242		133,451		—
1-4 family equity lines of credit		1,540		83		877		2,500		228,608		231,108		127
Consumer and other		563		80		133		776		110,542		111,318		133
Total	$	8,105		1,423		5,905		15,433		3,987,891		4,003,324	$	1,148
December 31, 2023
Residential 1-4 family real estate	$	1,544		552		1,178		3,274		955,944		959,218	$	1,178
Commercial and multi-family real estate		5,846		—		—		5,846		1,307,438		1,313,284		—
Construction, land development and farmland		2,959		1		—		2,960		898,376		901,336		—
Commercial, industrial and agricultural		52		—		7		59		127,600		127,659		7
1-4 family equity lines of credit		571		209		106		886		201,845		202,731		106
Consumer and other		350		78		118		546		103,827		104,373		118
Total	$	11,322		840		1,409		13,571		3,595,030		3,608,601	$	1,409

Effective January 1, 2023, the Company adopted ASU 2022-02 which eliminated the accounting guidance for troubled debt restructurings ("TDRs") and requires disclosures for certain loan modifications when a borrower is experiencing financial difficulty.

Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, term extension, an other-than-insignificant payment delay or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses.

In some cases, the Company provides multiple types of concessions on one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. For the loans included in the "combination" columns below, multiple types of modifications have been made on the same loan within the current reporting period. The combination is at least two of the following: a term extension, principal forgiveness, an other-than-insignificant payment delay and/or an interest rate reduction.

The following tables present the amortized cost basis of loans at September 30, 2024 and September 30, 2023 that were both experiencing financial difficulty and modified during the nine months ended September 30, 2024 or nine months ended September 30, 2023, by class and type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to each class of financing receivable is also presented below.

As of September 30, 2024, the Company has not committed to lend additional amounts to the borrowers included in the previous table.

As of September 30, 2023, the Company had not committed to lend additional amounts to the borrowers included in the previous table.

The following tables present the amortized cost basis of loans at September 30, 2024 and September 30, 2023 that were both experiencing financial difficulty and modified during the three months ended September 30, 2024 or three months ended September 30, 2023, by class and type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to each class of financing receivable is also presented below.

The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts.

The following table presents the performance of such loans that have been modified within the last twelve months as of September 30, 2024:

         
        In Thousands

         
        30-59 Days Past Due

        60-89 Days Past Due

        Greater Than 89 Days Past Due

        Total Past Due

        September 30, 2024

Residential 1-4 family real estate

—

—

—

—

Commercial and multi-family real estate

—

—

—

—

Construction, land development and
   farmland

—

—

—

—

Commercial, industrial and agricultural

—

—

—

—

1-4 family equity lines of credit

—

—

—

—

Consumer and other

—

—

—

—

Total

—

—

—

—

As evidenced above, no loans that were modified within the twelve months prior to September 30, 2024 were thirty (30) days or more past due at September 30, 2024.

The following table presents the performance of such loans that have been modified for the nine months ended September 30, 2023:

         
        In Thousands

         
        30-59 Days Past Due

        60-89 Days Past Due

        Greater Than 89 Days Past Due

        Total Past Due

        September 30, 2023

Residential 1-4 family real estate

—

—

—

—

Commercial and multi-family real estate

—

—

—

—

Construction, land development and
   farmland

—

—

—

—

Commercial, industrial and agricultural

—

—

—

—

1-4 family equity lines of credit

—

—

—

—

Consumer and other

—

—

—

—

Total

—

—

—

—

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended September 30, 2024 and 2023 (dollars in thousands):

There were no loan modifications with financial effect during the three months ended September 30, 2023.

The following table presents the amortized cost basis of loans that had a payment default during the three and nine months ended September 30, 2024 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty (dollars in thousands):

         
        Three Months Ended September 30, 2024

        Nine Months Ended September 30, 2024

         
        Principal Forgiveness

        Payment Delay

        Term Extension

        Interest Rate Reduction

        Principal Forgiveness

        Payment Delay

        Term Extension

        Interest Rate Reduction

Residential 1-4 family real estate

—

—

—

—

—

—

—

—

Commercial and multi-family real estate

—

—

—

—

—

—

—

—

Construction, land development and
   farmland

—

—

—

—

—

—

—

—

Commercial, industrial and agricultural

—

—

—

—

—

—

—

—

1-4 family equity lines of credit

—

—

—

—

—

—

—

—

Consumer and other

—

—

—

—

—

—

—

—

Total

—

—

—

—

—

—

—

—

There were no payment defaults during the three or nine months ended September 30, 2024 on loans that had been modified in the twelve months prior to September 30, 2024.

The following table presents the amortized cost basis of loans that had a payment default during the three and nine months ended September 30, 2023 and were modified in the nine months prior to that default to borrowers experiencing financial difficulty (dollars in thousands):

         
        Three Months Ended September 30, 2023

        Nine Months Ended September 30, 2023

         
        Principal Forgiveness

        Payment Delay

        Term Extension

        Interest Rate Reduction

        Principal Forgiveness

        Payment Delay

        Term Extension

        Interest Rate Reduction

Residential 1-4 family real estate

—

—

—

—

—

—

—

—

Commercial and multi-family real estate

—

—

—

—

—

—

—

—

Construction, land development and
   farmland

—

—

—

—

—

—

—

—

Commercial, industrial and agricultural

—

—

—

—

—

—

—

—

1-4 family equity lines of credit

—

—

—

—

—

—

—

—

Consumer and other

—

—

—

—

—

—

—

—

Total

—

—

—

—

—

—

—

—

There were no payment defaults during the three or nine months ended September 30, 2023 on loans that had been modified in the nine months prior to September 30, 2023.

Upon the Company's determination that a modified loan (or a portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off. Therefore, the amortized costs basis of the loan is reduced by the amount deemed uncollectible and the allowance for credit losses is adjusted by the same amount.

As of September 30, 2024 there were $356,000 in consumer mortgage loans in process of foreclosure. There were no consumer mortgage loans in the process of foreclosure as of December 31, 2023.

Potential problem loans, which include nonperforming loans, amounted to approximately $47.3 million at September 30, 2024 and $5.9 million at December 31, 2023. Potential problem loans represent those loans with a well-defined weakness and where information about possible credit problems of borrowers has caused management to have serious doubts about the borrower’s ability to comply with present repayment terms. This definition is believed to be substantially consistent with the standards established by the FDIC, the Bank’s primary federal regulator, for loans classified as special mention, substandard, or doubtful.

The following summary presents the Bank's loan balances by primary loan classification and the amount classified within each risk rating category. Pass rated loans include all credits other than those included in special mention, substandard and doubtful which are defined as follows:

The table below presents loan balances classified within each risk rating category by primary loan type and based on year of origination as of September 30, 2024:


	In Thousands

	2024		2023		2022		2021		2020		Prior		Revolving Loans		Total
September 30, 2024
Residential 1-4 family real estate
Pass	$	225,338		134,753		283,195		226,476		77,648		123,992		12,678		1,084,080
Special mention		951		1,071		1,375		246		853		2,904		—		7,400
Substandard		—		—		379		376		—		369		74		1,198
Total Residential 1-4 family real estate	$	226,289		135,824		284,949		227,098		78,501		127,265		12,752		1,092,678
Residential 1-4 family real estate:
Current-period gross charge-offs	$	—		—		—		—		—		—		—		—
Commercial and multi-family real estate
Pass	$	206,279		111,799		314,215		377,127		133,535		262,941		51,820		1,457,716
Special mention		—		—		23,228		—		713		419		—		24,360
Substandard		—		3,609		—		—		—		4,138		—		7,747
Total Commercial and multi-family real estate	$	206,279		115,408		337,443		377,127		134,248		267,498		51,820		1,489,823
Commercial and multi-family real estate:
Current-period gross charge-offs	$	—		—		—		—		—		—		—		—
Construction, land development and farmland
Pass	$	211,227		227,456		182,378		70,561		15,019		14,103		220,866		941,610
Special mention		—		439		135		33		—		48		2,550		3,205
Substandard		—		—		131		—		—		—		—		131
Total Construction, land development and farmland	$	211,227		227,895		182,644		70,594		15,019		14,151		223,416		944,946
Construction, land development and farmland:
Current-period gross charge-offs	$	—		—		—		—		—		—		—		—
Commercial, industrial and agricultural
Pass	$	12,777		13,563		30,534		5,451		10,242		22,100		38,396		133,063
Special mention		90		115		34		12		—		—		106		357
Substandard		—		—		18		—		13		—		—		31
Total Commercial, industrial and agricultural	$	12,867		13,678		30,586		5,463		10,255		22,100		38,502		133,451
Commercial, industrial and agricultural:
Current-period gross charge-offs	$	—		—		19		4		—		—		—		23
1-4 family equity lines of credit
Pass	$	—		—		—		—		—		—		228,597		228,597
Special mention		—		—		—		—		—		—		2,304		2,304
Substandard		—		—		—		—		—		—		207		207
Total 1-4 family equity lines of credit	$	—		—		—		—		—		—		231,108		231,108
1-4 family equity lines of credit:
Current-period gross charge-offs	$	—		—		—		—		—		—		—		—
Consumer and other
Pass	$	26,028		18,403		8,882		3,105		12,901		9,486		32,153		110,958
Special mention		4		76		116		37		35		14		1		283
Substandard		2		28		34		13		—		—		—		77
Total Consumer and other	$	26,034		18,507		9,032		3,155		12,936		9,500		32,154		111,318
Consumer and other:
Current-period gross charge-offs	$	8		133		126		7		—		—		453		727

The table below presents loan balances classified within each risk rating category based on year of origination as of September 30, 2024:

The table below presents loan balances classified within each risk rating category by primary loan type and based on year of origination as of December 31, 2023:


	In Thousands
													Revolving
	2023		2022		2021		2020		2019		Prior		Loans		Total
December 31, 2023
Residential 1-4 family real estate:
Pass	$	165,655		297,535		239,035		89,563		56,092		90,119		16,585		954,584
Special mention		76		859		225		876		137		1,558		—		3,731
Substandard		—		—		—		—		128		775		—		903
Total Residential 1-4 family real estate	$	165,731		298,394		239,260		90,439		56,357		92,452		16,585		959,218
Residential 1-4 family real estate:
Current-period gross charge-offs	$	—		—		—		—		—		—		—		—
Commercial and multi-family real estate:
Pass	$	103,050		321,767		378,418		143,178		91,640		217,645		57,320		1,313,018
Special mention		—		—		155		—		—		31		—		186
Substandard		—		—		—		—		—		80		—		80
Total Commercial and multi-family real estate	$	103,050		321,767		378,573		143,178		91,640		217,756		57,320		1,313,284
Commercial and multi-family real estate:
Current-period gross charge-offs	$	—		—		—		—		—		—		—		—
Construction, land development and farmland:
Pass	$	231,337		306,056		99,456		26,710		7,586		10,141		219,999		901,285
Special mention		—		—		—		—		—		51		—		51
Substandard		—		—		—		—		—		—		—		—
Total Construction, land development and farmland	$	231,337		306,056		99,456		26,710		7,586		10,192		219,999		901,336
Construction, land development and farmland:
Current-period gross charge-offs	$	—		—		—		—		—		—		—		—
Commercial, industrial and agricultural:
Pass	$	16,811		34,507		7,460		12,272		17,066		7,593		31,832		127,541
Special mention		93		7		6		—		—		—		12		118
Substandard		—		—		—		—		—		—		—		—
Total Commercial, industrial and agricultural	$	16,904		34,514		7,466		12,272		17,066		7,593		31,844		127,659
Commercial, industrial and agricultural:
Current-period gross charge-offs	$	—		30		—		—		—		—		—		30
1-4 family equity lines of credit:
Pass	$	—		—		—		—		—		—		202,189		202,189
Special mention		—		—		—		—		—		—		404		404
Substandard		—		—		—		—		—		—		138		138
Total 1-4 family equity lines of credit	$	—		—		—		—		—		—		202,731		202,731
1-4 family equity lines of credit:
Current-period gross charge-offs	$	—		—		—		—		—		—		—		—
Consumer and other:
Pass	$	27,998		15,511		5,331		14,497		4,728		6,381		29,638		104,084
Special mention		4		52		57		7		—		—		—		120
Substandard		51		106		—		11		—		1		—		169
Total Consumer and other	$	28,053		15,669		5,388		14,515		4,728		6,382		29,638		104,373
Consumer and other:
Current-period gross charge-offs	$	1,843		213		98		22		—		1		151		2,328

The table below presents loan balances classified within each risk rating category based on year of origination as of December 31, 2023: