Loans and Allowance for Credit Losses - Loans (Tables)

12 Months Ended

Dec. 31, 2022

Loans and Allowance for Credit Losses - Loans

Schedule of major categories of loans

	December 31,
(dollars in thousands)	2022		2021
Loans Secured by Real Estate
Construction and land	$	4,499	$	4,087
Farmland		333		342
Single-family residential		80,251		78,119
Multi-family		5,304		5,428
Commercial		42,936		48,729
Total loans secured by real estate		133,323		136,705
Commercial and Industrial
Commercial and industrial		8,990		10,003
SBA guaranty		6,158		6,397
Comm SBA PPP		—		1,047
Total commercial and industrial loans		15,148		17,447
Consumer Loans
Consumer		1,521		2,090
Automobile		36,448		54,150
Total consumer loans		37,969		56,240
Loans, net of deferred fees and costs		186,440		210,392
Less: Allowance for credit losses		(2,162)		(2,470)
Loans, net	$	184,278	$	207,922

Schedule of amount due from directors and other related parties

	December 31,
(dollars in thousands)	2022		2021
Balance at beginning of year	$	—	$	276
Additions		1,078		90
Repayments		(1,078)		(366)
Balance at end of year	$	—	$	—

Schedule of allowance for loan loss and the unearned income on loans

	Loans Secured By Real Estate										Commercial and Industrial Loans						Consumer Loans
December 31, 2022	Construction				Single-family						Commercial				Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		SBA PPP		Consumer		Automobile		Total
Balance, beginning of year	$	5	$	11	$	1,357	$	105	$	278	$	115	$	30	$	—	$	36	$	533	$	2,470
Charge-offs		—		—		—		—		—		(200)		(9)		—		(14)		(169)		(392)
Recoveries		—		—		—		—		—		—		—		—		8		188		196
Release for credit losses		39		9		(127)		(2)		(57)		259		1		—		(7)		(227)		(112)
Balance, end of year	$	44	$	20	$	1,230	$	103	$	221	$	174	$	22	$	—	$	23	$	325	$	2,162
Individually evaluated for impairment:
Balance in allowance	$	—	$	—	$	20	$	—	$	—	$	59	$	—	$	—	$	—	$	—	$	79
Related loan balance		—		—		34		—		—		300		—		—		—		—		334
Collectively evaluated for impairment:
Balance in allowance	$	44	$	20	$	1,210	$	103	$	221	$	115	$	22	$	—	$	23	$	325	$	2,083
Related loan balance		4,499		333		80,217		5,304		42,936		8,690		6,158		—		1,521		36,448		186,106

	Loans Secured By Real Estate										Commercial and Industrial Loans						Consumer Loans
December 31, 2021	Construction				Single-family						Commercial				Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		SBA PPP		Consumer		Automobile		Total
Balance, beginning of year	$		$		$		$		$		$		$		$		$		$		$
Impact of ASC 326 adoption		16		9		854		63		199		120		(6)		—		46		273		1,574
Charge-offs		—		—		—		—		—		—		—		—		(2)		(251)		(253)
Recoveries		—		—		408		—		—		—		—		—		—		240		648
Release for credit losses		(11)		—		95		43		79		(6)		36		—		(8)		271		(975)
Balance, end of year	$	5	$	11	$	1,357	$	105	$	278	$	115	$	30	$	—	$	36	$	533	$	2,470
Individually evaluated for impairment:
Balance in allowance	$	—	$	—	$	10	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	10
Related loan balance		—		—		36		—		—		—		—		—		—		—		36
Collectively evaluated for impairment:
Balance in allowance	$	5	$	11	$	1,347	$	105	$	278	$	115	$	30	$	—	$	36	$	533	$	2,460
Related loan balance		4,087		342		78,083		5,428		48,729		10,003		6,397		1,047		2,090		54,150		210,356

Schedule of non accrual loans

The following table rolls forward the Company’s activity for nonaccrual loans during the years 2022 and 2021:

	Loans Secured By Real Estate							Commercial and Industrial Loans			Consumer Loans
	Single-family						Commercial
	Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		Consumer		Automobile			Total
(dollars in thousands)
December 31, 2020	$	270	$	—	$	4,029	$	—	$	—	$	34	$	179	$	4,512
Transfers into nonaccrual						920				71		1		291		1,283
Loans paid down/payoffs		(147)	$	—		(3,987)	$	—	$	—		(1)		(83)		(4,218)
Loans returned to accrual status		—		—		(962)		—		—		(34)		—		(996)
Loans charged off		—		—		—		—		—		—		(243)		(243)
December 31, 2021	$	123	$	—	$	—	$	—	$	71	$	—	$	144	$	338
Transfers into nonaccrual		31				—		502		—		11		207		751
Loans paid down/payoffs		(50)	$	—		—		(3)	$	(61)		(11)		(105)		(230)
Loans returned to accrual status		—		—		—		—		—		—		(29)		(29)
Loans charged off		—		—		—		(200)		(10)		—		(132)		(342)
December 31, 2022	$	104	$	—	$	—	$	299	$	—	$	—	$	85	$	488

Schedule of risk ratings of loans by categories of loans

	Loans Secured By Real Estate										Commercial and Industrial Loans						Consumer Loans
December 31, 2022	Construction				Single-family						Commercial				Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		SBA PPP		Consumer		Automobile		Total
Pass	$	4,499	$	333	$	80,147	$	5,304	$	42,936	$	8,691	$	6,158	$	—	$	1,521	$	36,363	$	185,952
Special mention		—		—		—		—		—		—		—		—		—		—		—
Substandard		—		—		104		—		—		299		—		—		—		80		483
Doubtful		—		—		—		—		—		—		—		—		—		5		5
Loss		—		—		—		—		—		—		—		—		—		—		—
	$	4,499	$	333	$	80,251	$	5,304	$	42,936	$	8,990	$	6,158	$	—	$	1,521	$	36,448	$	186,440
Nonaccrual	$	—	$	—	$	104	$	—	$	—	$	299	$	—	$	—	$	—	$	85	$	488
Troubled debt restructures	$	—	$	—	$	34	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	34
Number of TDRs accounts		—		—		1		—		—		—		—		—		—		—		1
Non-performing TDRs	$	—	$	—	$	34	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	34
Number of non-performing TDR accounts		—		—		1		—		—		—		—		—		—		—		1

	Loans Secured By Real Estate										Commercial and Industrial Loans						Consumer Loans
December 31, 2021	Construction				Single-family						Commercial				Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		SBA PPP		Consumer		Automobile		Total
Pass	$	4,072	$	342	$	77,996	$	5,428	$	45,307	$	10,003	$	6,326	$	1,047	$	2,084	$	54,006	$	206,611
Special mention		15		—		—		—		3,422		—		—		—		6		4		3,447
Substandard		—		—		123		—		—		—		71		—		—		50		244
Doubtful		—		—		—		—		—		—		—		—		—		90		90
Loss		—		—		—		—		—		—		—		—		—		—		—
	$	4,087	$	342	$	78,119	$	5,428	$	48,729	$	10,003	$	6,397	$	1,047	$	2,090	$	54,150	$	210,392
Nonaccrual	$	—	$	—	$	123	$	—	$	—	$	—	$	71	$	—	$	—	$	144	$	338
Troubled debt restructures	$	—	$	—	$	36	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	36
Number of TDRs accounts		—		—		1		—		—		—		—		—		—		—		1
Non-performing TDRs	$	—	$	—	$	36	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	36
Number of non-performing TDR accounts		—		—		1		—		—		—		—		—		—		—		1

Schedule of information about credit quality indicators

The following tables provide information about credit quality indicators by the year of origination at December 31, 2022 and 2021:

	Origination Year
(dollars in thousands)	2022		2021		2020		2019		2018		Prior		Total
December 31, 2022
Loans Secured By Real Estate:
Pass	$	11,941	$	17,685	$	10,337	$	9,852	$	12,670	$	70,838	$	133,323
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		104		104
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	11,941	$	17,685	$	10,337	$	9,852	$	12,670	$	70,838	$	133,323
Commercial and Industrial Loans:
Pass	$	1,468	$	449	$	4,056	$	875	$	3,581	$	4,420	$	14,849
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		299		—		—		—		—		299
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	1,468	$	748	$	4,056	$	875	$	3,581	$	4,420	$	15,148
Consumer Loans:
Pass	$	6,573	$	8,632	$	5,187	$	6,792	$	8,113	$	2,587	$	37,884
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		27		13		—		40		5		85
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	6,573	$	8,659	$	5,200	$	6,792	$	8,153	$	2,592	$	37,969

	Origination Year
(dollars in thousands)	2021		2020		2019		2018		2017		Prior		Total
December 31, 2021
Loans Secured By Real Estate:
Pass	$	16,498	$	12,135	$	10,671	$	13,558	$	6,715	$	73,568	$	133,145
Special mention		—		—		—		787		—		2,650		3,437
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		123		123
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	16,498	$	12,135	$	10,671	$	14,345	$	6,715	$	76,341	$	136,705
Commercial and Industrial Loans:
Pass	$	2,766	$	4,172	$	1,066	$	4,128	$	1,198	$	4,046	$	17,376
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		71		71
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	2,766	$	4,172	$	1,066	$	4,128	$	1,198	$	4,117	$	17,447
Consumer Loans:
Pass	$	12,270	$	8,222	$	11,176	$	16,706	$	4,908	$	2,808	$	56,090
Special mention		—		—		—		6		—		—		6
Substandard		—		—		—		—		—		—		—
Nonaccrual		28		5		38		40		29		4		144
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	12,298	$	8,227	$	11,214	$	16,752	$	4,937	$	2,812	$	56,240

Schedule of current, past due, and nonaccrual loans by categories of loans

					90 Days or
			30-89 Days		More and
December 31, 2022	Current		Past Due		Still Accruing		Nonaccrual		Total
(dollars in thousands)
Loans Secured by Real Estate
Construction and land	$	4,499	$	—	$	—	$	—	$	4,499
Farmland		333		—		—		—		333
Single-family residential		79,952		185		10		104		80,251
Multi-family		5,304		—		—		—		5,304
Commercial		42,936		—		—		—		42,936
Total loans secured by real estate		133,024		185		10		104		133,323
Commercial and Industrial
Commercial and industrial		8,691		—		—		299		8,990
SBA guaranty		6,158		—		—		—		6,158
Comm SBA PPP		—		—		—		—		—
Total commercial and industrial loans		14,849		—		—		299		15,148
Consumer Loans
Consumer		1,521		—		—		—		1,521
Automobile		36,037		326		—		85		36,448
Total consumer loans		37,558		326		—		85		37,969
	$	185,431	$	511	$	10	$	488	$	186,440

					90 Days or
			30-89 Days		More and
December 31, 2021	Current		Past Due		Still Accruing		Nonaccrual		Total
(dollars in thousands)
Loans Secured by Real Estate
Construction and land	$	4,087	$	—	$	—	$	—	$	4,087
Farmland		342		—		—		—		342
Single-family residential		77,981		—		15		123		78,119
Multi-family		5,428		—		—		—		5,428
Commercial		48,729		—		—		—		48,729
Total loans secured by real estate		136,567		—		15		123		136,705
Commercial and Industrial
Commercial and industrial		10,003		—		—		—		10,003
SBA guaranty		6,326		—		—		71		6,397
Comm SBA PPP		1,047		—		—		—		1,047
Total commercial and industrial loans		17,376		—		—		71		17,447
Consumer Loans
Consumer		2,086		4		—		—		2,090
Automobile		53,655		351		—		144		54,150
Total consumer loans		55,741		355		—		144		56,240
	$	209,684	$	355	$	15	$	338	$	210,392

Schedule of impaired financing receivables

			Unpaid		Interest				Average
December 31, 2022	Recorded		Principal		Income		Specific		Recorded
(dollars in thousands)	Investment		Balance		Recognized		Reserve		Investment
Impaired loans with specific reserves:
Loans Secured by Real Estate
Construction and land	$	—	$	—	$	—	$	—	$	—
Farmland		—		—		—		—		—
Single-family residential		14		34		2		20		48
Multi-family		—		—		—		—		—
Commercial		—		—		—		—		—
Total loans secured by real estate		14		34		2		20		48
Commercial and Industrial
Commercial and industrial		240		299		19		59		499
SBA guaranty		—		—		—		—		—
Total commercial and industrial loans		240		299		19		59		499
Consumer Loans
Consumer		—		—		—		—		—
Automobile		—		—		—		—		—
Total consumer loans		—		—		—		—		—
Total impaired loans with specific reserves	$	254	$	333	$	21	$	79	$	547
Impaired loans with no specific reserve:
Loans Secured by Real Estate
Construction and land	$	—	$	—	$	—	$	n/a	$	—
Farmland		—		—		—		n/a		—
Single-family residential		70		70		2		n/a		79
Multi-family		—		—		—		n/a		—
Commercial		—		—		—		n/a		—
Total loans secured by real estate		70		70		2		—		79
Commercial and Industrial
Commercial and industrial		—		—		—		n/a		—
SBA guaranty		—		—		—		n/a		—
Total commercial and industrial loans		—		—		—		—		—
Consumer Loans
Consumer		—		—		—		n/a		—
Automobile		85		85		6		n/a		107
Total consumer loans		85		85		6		n/a		107
Total impaired loans with no specific reserve	$	155	$	155	$	8	$	—	$	186

			Unpaid		Interest				Average
December 31, 2021	Recorded		Principal		Income		Specific		Recorded
(dollars in thousands)	Investment		Balance		Recognized		Reserve		Investment
Impaired loans with specific reserves:
Loans Secured by Real Estate
Construction and land	$	—	$	—	$	—	$	—	$	—
Farmland		—		—		—		—		—
Single-family residential		26		36		2		10		49
Multi-family		—		—		—		—		—
Commercial		—		—		—		—		—
Total loans secured by real estate		26		36		2		10		49
Commercial and Industrial
Commercial and industrial		—		—		—		—		—
SBA guaranty		—		—		—		—		—
Total commercial and industrial loans		—		—		—		—		—
Consumer Loans
Consumer		—		—		—		—		—
Automobile		—		—		—		—		—
Total consumer loans		—		—		—		—		—
Total impaired loans with specific reserves	$	26	$	36	$	2	$	10	$	49
Impaired loans with no specific reserve:
Loans Secured by Real Estate
Construction and land	$	—	$	—	$	—	$	n/a	$	—
Farmland		—		—		—		n/a		—
Single-family residential		87		87		3		n/a		98
Multi-family		—		—		—		n/a		—
Commercial		—		—		—		n/a		—
Total loans secured by real estate		87		87		3		—		98
Commercial and Industrial
Commercial and industrial		—		—		—		n/a		—
SBA guaranty		71		71		1		n/a		71
Total commercial and industrial loans		71		71		1		—		71
Consumer Loans
Consumer		—		—		—		n/a		—
Automobile		143		143		8		n/a		181
Total consumer loans		143		143		8		n/a		181
Total impaired loans with no specific reserve	$	301	$	301	$	12	$	—	$	350