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Loans by Type | 3 Months Ended
--- | ---
Mar. 31, 2022
Receivables [Abstract] |
Loans by Type | Note 6 – Loans by Type A summary of loans is as follows:
(In thousands) | March 31, 2022 |  | December 31, 2021
Commercial and industrial | $ | 469,129 |  |  | $ | 450,336 |
Real estate: |  |  |
Commercial: |  |  |
Mortgage | 101,018 |  |  | 108,759 |
Construction | 24,757 |  |  | 24,797 |
Faith-based: |  |  |
Mortgage | 367,376 |  |  | 355,582 |
Construction | 13,512 |  |  | 14,664 |
Paycheck Protection Program (“PPP”) | 1,373 |  |  | 6,299 |
Other | 37 |  |  | 130 |
Total loans | $ | 977,202 |  |  | $ | 960,567 |
The following table presents the aging of loans past due by category at March 31, 2022 and December 31, 2021:
| Performing |  | Nonperforming |  |
(In thousands) | Current |  | 30-59 Days |  | 60-89 Days |  | 90 Days and Over |  | Non- accrual |  | Total Loans
March 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | 469,129 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 469,129 |
Real estate |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Mortgage | 101,018 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 101,018 |
Construction | 24,757 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 24,757 |
Faith-based: |  |  |  |  |  |  |  |  |  |  |
Mortgage | 367,376 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 367,376 |
Construction | 13,512 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13,512 |
PPP | 1,373 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,373 |
Other | 37 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 37 |
Total | $ | 977,202 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 977,202 |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
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 credit exposure of the loan portfolio by internally assigned credit grade as of March 31, 2022 and 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
March 31, 2022 |  |  |  |  |  |  |
Commercial and industrial | $ | 466,946 |  |  | $ | 2,183 |  |  | $ | — |  |  | $ | 469,129 |
Real estate |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |
Mortgage | 100,472 |  |  | 546 |  |  | — |  |  | 101,018 |
Construction | 24,757 |  |  | — |  |  | — |  |  | 24,757 |
Faith-based: |  |  |  |  |  |  |
Mortgage | 366,397 |  |  | 979 |  |  | — |  |  | 367,376 |
Construction | 13,512 |  |  | — |  |  | — |  |  | 13,512 |
PPP | 1,373 |  |  | — |  |  | — |  |  | 1,373 |
Other | 37 |  |  | — |  |  | — |  |  | 37 |
Total | $ | 973,494 |  |  | $ | 3,708 |  |  | $ | — |  |  | $ | 977,202 |
December 31, 2021 |  |  |  |  |  |  |
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, who have the apparent ability to satisfy their loan obligations.
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 evaluated for expected credit losses on an individual basis as of March 31, 2022 or December 31, 2021. There were no foreclosed loans recorded as other real estate owned (included in other assets) as of March 31, 2022 or December 31, 2021. There were no loans considered troubled debt restructurings as of March 31, 2022 or December 31, 2021. A summary of the activity in allowance for credit losses (“ACL”) by category for the periods ended March 31, 2022 and December 31, 2021 is as follows:
(In thousands) | C&I |  | CRE |  | Faith-based CRE |  | Construction |  | Total
Balance at December 31, 2020 | $ | 4,635 |  |  | $ | 1,175 |  |  | $ | 5,717 |  |  | $ | 417 |  |  | $ | 11,944 |
Provision for (release of) credit losses | 387 |  |  | (144) |  |  | (48) |  |  | (125) |  |  | 70 |
Recoveries | 12 |  |  | — |  |  | 15 |  |  | — |  |  | 27 |
Balance at December 31, 2021 | $ | 5,034 |  |  | $ | 1,031 |  |  | $ | 5,684 |  |  | $ | 292 |  |  | $ | 12,041 |
Provision for (release of) credit losses | 245 |  |  | (55) |  |  | 180 |  |  | (5) |  |  | 365 |
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance at March 31, 2022 | $ | 5,279 |  |  | $ | 976 |  |  | $ | 5,864 |  |  | $ | 287 |  |  | $ | 12,406 |
The provision for credit losses during the period ended March 31, 2022 was p

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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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