Loans and Allowance for Credit Losses - Loans (Tables)

12 Months Ended

Dec. 31, 2024

Loans and Allowance for Credit Losses - Loans

Schedule of loans receivable by loan portfolio segment and class

	December 31,
(dollars in thousands)	2024		2023
Loans Secured by Real Estate
Construction and land	$	8,882	$	4,636
Farmland		315		325
Single-family residential		98,993		86,887
Multi-family		5,022		5,165
Commercial		48,726		39,217
Total loans secured by real estate		161,938		136,230
Commercial and Industrial
Commercial and industrial		16,705		10,850
SBA guaranty		5,691		5,924
Total commercial and industrial loans		22,396		16,774
Consumer Loans
Consumer		2,880		2,039
Automobile		18,005		21,264
Total consumer loans		20,885		23,303
Loans, net of deferred fees and costs		205,219		176,307
Less: Allowance for credit losses		(2,839)		(2,157)
Loans, net	$	202,380	$	174,150

Schedule of activity due from directors and other related parties

	December 31,
(dollars in thousands)	2024		2023
Balance at beginning of year	$	150	$	—
Additions		2,600		150
Repayments		(29)		—
Reduction due to retirement		(150)		—
Balance at end of year	$	2,571	$	150

Schedule of transactions in the allowance for credit losses

	Loans Secured By Real Estate										Commercial and Industrial Loans				Consumer Loans
December 31, 2024	Construction				Single-family						Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		Consumer		Automobile		Total
Balance, beginning of year	$	31	$	18	$	1,290	$	96	$	190	$	304	$	21	$	30	$	177	$	2,157
Charge-offs		—		—		—		—		—		—		(299)		(18)		(67)		(384)
Recoveries		—		—		—		—		—		—		—		133		89		222
Provision (release) for credit losses		9		(2)		239		128		317		(32)		316		(100)		(31)		844
Balance, end of year	$	40	$	16	$	1,529	$	224	$	507	$	272	$	38	$	45	$	168	$	2,839
Individually evaluated for impairment:
Balance in allowance	$	—	$	—	$	18	$	—	$	—	$	121	$	—	$	—	$	—	$	139
Related loan balance		—		—		26		—		—		773		—		—		—		799
Collectively evaluated for impairment:
Balance in allowance	$	40	$	16	$	1,511	$	224	$	507	$	151	$	38	$	45	$	168	$	2,700
Related loan balance		8,882		315		98,967		5,022		48,726		15,932		5,691		2,880		18,005		204,420

	Loans Secured By Real Estate										Commercial and Industrial Loans				Consumer Loans
December 31, 2023	Construction				Single-family						Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		Consumer		Automobile		Total
Balance, beginning of year	$	44	$	20	$	1,230	$	103	$	221	$	174	$	22	$	23	$	325	$	2,162
Charge-offs		—		—		—		—		—		—		—		(79)		(124)		(203)
Recoveries		—		—		—		—		—		—		—		1		101		102
(Release) provision for credit losses		(13)		(2)		60		(7)		(31)		130		(1)		85		(125)		96
Balance, end of year	$	31	$	18	$	1,290	$	96	$	190	$	304	$	21	$	30	$	177	$	2,157
Individually evaluated for impairment:
Balance in allowance	$	—	$	—	$	21	$	—	$	—	$	179	$	—	$	—	$	—	$	200
Related loan balance		—		—		30		—		—		299		—		—		—		329
Collectively evaluated for impairment:
Balance in allowance	$	31	$	18	$	1,269	$	96	$	190	$	125	$	21	$	30	$	177	$	1,957
Related loan balance		4,636		325		86,857		5,165		39,217		10,551		5,924		2,039		21,264		175,978

Schedule of current period gross charge-offs by the year of origination

	Gross Charge-offs
December 31, 2024	Term Loans by Origination Year												Revolving
(dollars in thousands)	2024		2023		2022		2021		2020		Prior		Loans		Total
Commercial and Industrial Loans	$	—	$	—	$	—	$	299	$	—	$	—	$	—	$	299
Consumer Loans
Consumer		—	$	—	$	13	$	—	$	—	$	5	$	—		18
Automobile		—		—		—		—		51		16		—		67
Total consumer		—		—		13		—		51		21		—		85
Total gross charge-offs this period	$	—	$	—	$	13	$	299	$	51	$	21	$	—	$	384

Schedule of non accrual loans

	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, 2022	$	104	$	—	$	—	$	299	$	—	$	—	$	85	$	488
Transfers into nonaccrual		307		—		—		—		—		—		175		482
Loans paid down/payoffs		(266)	$	—		—		—	$	—		—		(35)		(301)
Loans returned to accrual status		—		—		—		—		—		—		(18)		(18)
Loans charged off		—		—		—						—		(124)		(124)
December 31, 2023	$	145	$	—	$	—	$	299	$	—	$	—	$	83	$	527
Transfers into nonaccrual		52		—		140		—		—		—		93		285
Loans paid down/payoffs		(48)	$	—		(16)		—		—		—		(35)		(99)
Loans returned to accrual status		—		—		—		—		—		—		(1)		(1)
Loans charged off		—		—		—		(299)		—		—		(53)		(352)
December 31, 2024	$	149	$	—	$	124	$	—	$	—	$	—	$	87	$	360

Schedule of company's credit quality indicators by loan portfolio segment

	Loans Secured By Real Estate										Commercial and Industrial Loans				Consumer Loans
December 31, 2024	Construction				Single-family						Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		Consumer		Automobile		Total
Pass	$	8,882	$	315	$	98,844	$	5,022	$	47,829	$	16,705	$	5,219	$	2,880	$	17,918	$	203,614
Special mention		—		—		—		—		—		—		472		—		—		472
Substandard		—		—		149		—		897		—		—		—		87		1,133
Doubtful		—		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—		—
	$	8,882	$	315	$	98,993	$	5,022	$	48,726	$	16,705	$	5,691	$	2,880	$	18,005	$	205,219
Nonaccrual	$	—	$	—	$	149	$	—	$	124	$	—	$	—	$	—	$	87	$	360
Restructured loans to borrowers with financial difficulty	$	—	$	—	$	26	$	—	$	—	$	—	$	—	$	—	$	—	$	26
Number restructured loans to borrowers with financial difficulty		—		—		1		—		—		—		—		—		—		1
Non-performing restructured loans to borrowers with financial difficulty	$	—	$	—	$	26	$	—	$	—	$	—	$	—	$	—	$	—	$	26
Number of non-performing restructured loan accounts		—		—		1		—		—		—		—		—		—		1

	Loans Secured By Real Estate										Commercial and Industrial Loans				Consumer Loans
December 31, 2023	Construction				Single-family						Commercial
(dollars in thousands)	and Land		Farmland		Residential		Multi-family		Commercial		and Industrial		SBA Guaranty		Consumer		Automobile		Total
Pass	$	4,636	$	325	$	86,743	$	5,165	$	39,217	$	10,551	$	5,924	$	2,039	$	21,110	$	175,709
Special mention		—		—		—		—		—		—		—		—		—		—
Substandard		—		—		145		—		—		299		—		—		154		598
Doubtful		—		—		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—		—		—
	$	4,636	$	325	$	86,887	$	5,165	$	39,217	$	10,850	$	5,924	$	2,039	$	21,264	$	176,307
Nonaccrual	$	—	$	—	$	145	$	—	$	—	$	299	$	—	$	—	$	83	$	527
Restructured loans to borrowers with financial difficulty	$	—	$	—	$	30	$	—	$	—	$	—	$	—	$	—	$	—	$	30
Number restructured loans to borrowers with financial difficulty		—		—		1		—		—		—		—		—		—		1
Non-performing restructured loans to borrowers with financial difficulty	$	—	$	—	$	30	$	—	$	—	$	—	$	—	$	—	$	—	$	30
Number of non-performing restructured loan accounts		—		—		1		—		—		—		—		—		—		1

Schedule of information about credit quality indicators

	Origination Year
December 31, 2024	2024		2023		2022		2021		2020		Prior		Total
(dollars in thousands)
Loans Secured By Real Estate:
Pass	$	37,899	$	14,919	$	13,565	$	14,959	$	8,287	$	71,263	$	160,892
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		773		773
Nonaccrual		—		—		—		—		—		273		273
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	37,899	$	14,919	$	13,565	$	14,959	$	8,287	$	72,309	$	161,938
Commercial and Industrial Loans:
Pass	$	5,734	$	3,493	$	903	$	301	$	3,434	$	8,059	$	21,924
Special mention		—		—		—		—		—		472		472
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	5,734	$	3,493	$	903	$	301	$	3,434	$	8,531	$	22,396
Consumer Loans:
Pass	$	7,917	$	1,786	$	3,128	$	3,174	$	1,721	$	3,072	$	20,798
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		—		40		34		12		1		87
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	7,917	$	1,786	$	3,168	$	3,208	$	1,733	$	3,073	$	20,885

	Origination Year
December 31, 2023	2023		2022		2021		2020		2019		Prior		Total
(dollars in thousands)
Loans Secured By Real Estate:
Pass	$	15,316	$	12,507	$	16,675	$	9,739	$	9,457	$	72,391	$	136,085
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		—		—		—		—		145		145
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	15,316	$	12,507	$	16,675	$	9,739	$	9,457	$	72,536	$	136,230
Commercial and Industrial Loans:
Pass	$	3,515	$	1,099	$	153	$	3,834	$	711	$	7,163	$	16,475
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		—		299		—		—		—		299
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	3,515	$	1,099	$	452	$	3,834	$	711	$	7,163	$	16,774
Consumer Loans:
Pass	$	2,140	$	4,598	$	5,697	$	3,364	$	3,481	$	3,940	$	23,220
Special mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Nonaccrual		—		27		40		9		—		7		83
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
	$	2,140	$	4,625	$	5,737	$	3,373	$	3,481	$	3,947	$	23,303

Schedule of current, past due, and non-accrual loans by categories of loans and restructured loans

					90 Days or
			30-89 Days		More and
December 31, 2024	Current		Past Due		Still Accruing		Nonaccrual		Total
(dollars in thousands)
Loans Secured by Real Estate
Construction and land	$	8,882	$	—	$	—	$	—	$	8,882
Farmland		315		—		—		—		315
Single-family residential		97,742		1,102		—		149		98,993
Multi-family		5,022		—		—		—		5,022
Commercial		48,602		—		—		124		48,726
Total loans secured by real estate		160,563		1,102		—		273		161,938
Commercial and Industrial
Commercial and industrial		16,233		472		—		—		16,705
SBA guaranty		5,691		—		—		—		5,691
Total commercial and industrial loans		21,924		472		—		—		22,396
Consumer Loans
Consumer		2,879		1		—		—		2,880
Automobile		17,613		305		—		87		18,005
Total consumer loans		20,492		306		—		87		20,885
	$	202,979	$	1,880	$	—	$	360	$	205,219

					90 Days or
			30-89 Days		More and
December 31, 2023	Current		Past Due		Still Accruing		Nonaccrual		Total
(dollars in thousands)
Loans Secured by Real Estate
Construction and land	$	4,636	$	—	$	—	$	—	$	4,636
Farmland		325		—		—		—		325
Single-family residential		86,233		509		—		145		86,887
Multi-family		5,165		—		—		—		5,165
Commercial		39,217		—		—		—		39,217
Total loans secured by real estate		135,576		509		—		145		136,230
Commercial and Industrial
Commercial and industrial		10,551		—		—		299		10,850
SBA guaranty		5,924		—		—		—		5,924
Total commercial and industrial loans		16,475		—		—		299		16,774
Consumer Loans
Consumer		1,981		58		—		—		2,039
Automobile		20,794		387		—		83		21,264
Total consumer loans		22,775		445		—		83		23,303
	$	174,826	$	954	$	—	$	527	$	176,307

Summary of the recorded investment amount and related allowance for losses of the Bank's impaired loans

			Unpaid		Interest				Average
December 31, 2024	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		8		26		4		18		48
Multi-family		—		—		—		—		—
Commercial		652		773		—		121		2,270
Total loans secured by real estate		660		799		4		139		2,318
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	$	660	$	799	$	4	$	139	$	2,318
Impaired loans with no specific reserve:
Loans Secured by Real Estate
Construction and land	$	—	$	—	$	—	$	n/a	$	—
Farmland		—		—		—		n/a		—
Single-family residential		123		123		12		n/a		91
Multi-family		—		—		—		n/a		—
Commercial		125		125		8		n/a		138
Total loans secured by real estate		248		248		20		—		229
Commercial and Industrial
Commercial and industrial		—		—		—		n/a		—
SBA guaranty		—		—		—		n/a		—
Total commercial and industrial loans		—		—		—		—		—
Consumer Loans
Consumer		—		—		—		n/a		—
Automobile		86		86		6		n/a		102
Total consumer loans		86		86		6		n/a		102
Total impaired loans with no specific reserve	$	334	$	334	$	26	$	—	$	331

			Unpaid		Interest				Average
December 31, 2023	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		9		30		4		21		48
Multi-family		—		—		—		—		—
Commercial		—		—		—		—		—
Total loans secured by real estate		9		30		4		21		48
Commercial and Industrial
Commercial and industrial		120		299		—		179		499
SBA guaranty		—		—		—		—		—
Total commercial and industrial loans		120		299		—		179		499
Consumer Loans
Consumer		—		—		—		—		—
Automobile		—		—		—		—		—
Total consumer loans		—		—		—		—		—
Total impaired loans with specific reserves	$	129	$	329	$	4	$	200	$	547
Impaired loans with no specific reserve:
Loans Secured by Real Estate
Construction and land	$	—	$	—	$	—	$	n/a	$	—
Farmland		—		—		—		n/a		—
Single-family residential		115		115		5		n/a		130
Multi-family		—		—		—		n/a		—
Commercial		—		—		—		n/a		—
Total loans secured by real estate		115		115		5		—		130
Commercial and Industrial
Commercial and industrial		—		—		—		n/a		—
SBA guaranty		—		—		—		n/a		—
Total commercial and industrial loans		—		—		—		—		—
Consumer Loans
Consumer		—		—		—		n/a		—
Automobile		154		154		6		n/a		104
Total consumer loans		154		154		6		n/a		104
Total impaired loans with no specific reserve	$	269	$	269	$	11	$	—	$	234