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Loans | 12 Months Ended
--- | ---
Dec. 31, 2021
Receivables [Abstract] |
Loans | Note 4 Loans The Company originates commercial, industrial and real estate loans to businesses and faith-based ministries throughout the metropolitan St. Louis, Missouri area, Orange County, California, Colorado Springs, Colorado and other selected cities in the United States. The Company does not have any particular concentration of credit in any one economic sector; however, a substantial portion of the commercial and industrial loans is extended to privately-held commercial companies and franchises in these market areas and are generally secured by the assets of the business. The Company also has a substantial portion of real estate loans secured by mortgages that are extended to faith-based ministries in its market area and selected cities in the United States. A summary of loan categories is as follows:
| December 31,
(In thousands) | 2021 |  | 2020
Commercial and industrial | $ | 450,336 |  |  | $ | 298,984 |
Real estate: |  |  |
Commercial: |  |  |
Mortgage | 108,759 |  |  | 100,419 |
Construction | 24,797 |  |  | 25,090 |
Faith-based: |  |  |
Mortgage | 355,582 |  |  | 333,661 |
Construction | 14,664 |  |  | 23,818 |
PPP | 6,299 |  |  | 109,704 |
Other | 130 |  |  | — |
Total loans | $ | 960,567 |  |  | $ | 891,676 |
The following table presents the aging of loans by loan categories at December 31, 2021:
| Performing |  | Nonperforming |  |
(In thousands) | Current |  | 30-59 Days |  | 60-89 Days |  | 90 Days and Over |  | Non- accrual |  | Total Loans
Commercial and industrial | $ | 450,336 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 450,336 |
Real estate |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Mortgage | 108,759 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 108,759 |
Construction | 24,797 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 24,797 |
Faith-based: |  |  |  |  |  |  |  |  |  |  |
Mortgage | 355,582 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 355,582 |
Construction | 14,664 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,664 |
PPP | 6,299 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,299 |
Other | 130 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 130 |
Total | $ | 960,567 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 960,567 |
The following table presents the aging of loans by loan categories at December 31, 2020:
| Performing |  | Nonperforming |  |
(In thousands) | Current |  | 30-59 Days |  | 60-89 Days |  | 90 Days and Over |  | Non- accrual |  | Total Loans
Commercial and industrial | $ | 298,984 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 298,984 |
Real estate |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Mortgage | 100,419 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 100,419 |
Construction | 25,090 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 25,090 |
Faith-based: |  |  |  |  |  |  |  |  |  |  |
Mortgage | 333,661 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 333,661 |
Construction | 23,818 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 23,818 |
PPP | 109,704 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 109,704 |
Total | $ | 891,676 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 891,676 |
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2021:
(In thousands) | Loans Subject to Normal Monitoring(1) |  | Performing Loans Subject to Special Monitoring(2) |  | Nonperforming Loans Subject to Special Monitoring(2) |  | Total Loans
Commercial and industrial | $ | 440,607 |  |  | $ | 9,729 |  |  | $ | — |  |  | $ | 450,336 |
Real estate |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |
Mortgage | 108,759 |  |  | — |  |  | — |  |  | 108,759 |
Construction | 24,797 |  |  | — |  |  | — |  |  | 24,797 |
Faith-based: |  |  |  |  |  |  |
Mortgage | 352,717 |  |  | 2,865 |  |  | — |  |  | 355,582 |
Construction | 14,664 |  |  | — |  |  | — |  |  | 14,664 |
PPP | 6,299 |  |  | — |  |  | — |  |  | 6,299 |
Other | 130 |  |  | — |  |  | — |  |  | 130 |
Total | $ | 947,973 |  |  | $ | 12,594 |  |  | $ | — |  |  | $ | 960,567 |
(1) | Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk and have the apparent ability to satisfy their loan obligation.
(2) | Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.
The Company had no loans that were considered individually evaluated credits at December 31, 2021. The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2020:
(In thousands) | Loans Subject to Normal Monitoring(1) |  | Performing Loans Subject to Special Monitoring(2) |  | Nonperforming Loans Subject to Special Monitoring(2) |  | Total Loans
Commercial and industrial | $ | 284,882 |  |  | $ | 14,102 |  |  | $ | — |  |  | $ | 298,984 |
Real estate |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |
Mortgage | 99,044 |  |  | 1,375 |  |  | — |  |  | 100,419 |
Construction | 25,090 |  |  | — |  |  | — |  |  | 25,090 |
Faith-based: |  |  |  |  |  |  |
Mortgage | 330,554 |  |  | 3,107 |  |  | — |  |  | 333,661 |
Construction | 23,818 |  |  | — |  |  | — |  |  | 23,818 |
PPP | 109,704 |  |  | — |  |  | — |  |  | 109,704 |
Total | $ | 873,092 |  |  | $ | 18,584 |  |  | $ | — |  |  | $ | 891,676 |
(1) | Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk and have the apparent ability to satisfy their loan obligation.
(2) | Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.
The Company had one loan that was considered an individually evaluated credit in the amount of $2,500,000 at December 31, 2020, with a specific allowance for credit loss of $500,000. There were no loan modifications considered as troubled debt restructurings during the year ended December 31, 2021. The recorded investment by category for loans considered as troubled debt restructurings during the year ended December 31, 2020 is as follows:
(In thousands) | Number of Loans |  | Pre-Modification Outstanding Balance |  | Post-Modification Outstanding Balance
Commercial and industrial | 1 |  | $ | 8,773 |  |  | $ | 8,773 |
Faith-based real estate | 1 |  | 1,029 |  |  | 1,029 |
Total | 2 |  | $ | 9,802 |  |  | $ | 9,802 |
During the year ended December 31, 2020, two loans were restructured to change the amortization schedule to reduce payments from the borrowers while the contractual interest rate remained unchanged. There were no loans restructured that subsequently defaulted during the years ended December 31, 2021 or 2020. A summary of the ACL by category for the period ended December 31, 2021 is as follows:
(In thousands) | C&I |  | CRE |  | Faith-based CRE |  | Construction |  | Total
Allowance for credit losses on loans: |  |  |  |  |  |  |  |  |
Balance at December 31, 2020 | $ | 4,635 |  |  | $ | 1,175 |  |  | $ | 5,717 |  |  | $ | 417 |  |  | $ | 11,944 |
Provision for (release of) credit losses (1) | 387 |  |  | (144) |  |  | (48) |  |  | (125) |  |  | 70 |
Recoveries | 12 |  |  | — |  |  | 15 |  |  | — |  |  | 27 |
Balance at December 31, 2021 | $ | 5,034 |  |  | $ | 1,031 |  |  | $ | 5,684 |  |  | $ | 292 |  |  | $ | 12,041 |
(1) | For the period ended December 31, 2021, there was a release of credit losses of $200,000 for unfunded commitments.
A summary of the ACL by category for the period ended December 31, 2020 is as follows:
(In thousands) | C&I |  | CRE |  | Faith-based CRE |  | Construction |  | Total
Allowance for credit losses on loans: |  |  |  |  |  |  |  |  |
Balance at December 31, 2019 | $ | 4,874 |  |  | $ | 1,528 |  |  | $ | 3,842 |  |  | $ | 312 |  |  | $ | 10,556 |
Cumulative effect of accounting change (ASU 2016-13) | (526) |  |  | (401) |  |  | 1,636 |  |  | 14 |  |  | — |
Balance at January 1, 2020 | 4,348 |  |  | 1,127 |  |  | 5,478 |  |  | 326 |  |  | 11,279 |
Provision for credit losses | 268 |  |  | 48 |  |  | 238 |  |  | 91 |  |  | 645 |
Recoveries | 19 |  |  | — |  |  | 1 |  |  | — |  |  | 20 |
Balance at December 31, 2020 | $ | 4,635 |  |  | $ | 1,175 |  |  | $ | 5,717 |  |  | $ | 417 |  |  | $ | 11,944 |
(1) | For the period ended December 31, 2020, there was a provision for credit losses of $165,000 for unfunded commitments.
As of December 31, 2021 and 2020, there were loans totaling $0 and $161,475, respectively, to affiliates of executive officers or directors.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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