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Loans
 12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Loans
Loans
The Company originates commercial, industrial and real estate loans to businesses and faith-based ministries throughout the metropolitan St. Louis, Missouri area, 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)20242023
Commercial and industrial$559,262 $498,502 
Real estate:
Commercial:
Mortgage 119,194 118,371 
Construction 9,134 8,233 
Faith-based:
Mortgage 368,881 381,368 
Construction 25,518 7,790 
Other — 54 
Total loans $1,081,989 $1,014,318 
The following table presents the aging of loans by loan categories at December 31, 2024:
PerformingNonperforming
(In thousands)Current30-59
Days		60-89
Days		90 Days
and
Over		Non-
accrual		Total
Loans
Commercial and industrial$559,262 $— $— $— $— $559,262 
Real estate
Commercial:
Mortgage119,194 — — — — 119,194 
Construction9,134 — — — — 9,134 
Faith-based:
Mortgage368,881 — — — — 368,881 
Construction25,518 — — — — 25,518 
Total$1,081,989 $— $— $— $— $1,081,989 
The following table presents the aging of loans by loan categories at December 31, 2023:
PerformingNonperforming
(In thousands)Current30-59
Days		60-89
Days		90 Days
and
Over		Non-
accrual		Total
Loans
Commercial and industrial$498,502 $— $— $— $— $498,502 
Real estate
Commercial:
Mortgage118,371 — — — — 118,371 
Construction8,233 — — — — 8,233 
Faith-based:
Mortgage381,368 — — — — 381,368 
Construction7,790 — — — — 7,790 
Other54 — — — — 54 
Total$1,014,318 $— $— $— $— $1,014,318 
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2024:
(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 $527,690 $31,572 $— $559,262 
Real estate
Commercial:
Mortgage 116,063 3,131 — 119,194 
Construction 9,134 — — 9,134 
Faith-based:
Mortgage 352,356 16,525 — 368,881 
Construction 25,518 — — 25,518 
Total $1,030,761 $51,228 $— $1,081,989 
(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 higher level of management attention.
The following table presents the credit exposure of the loan portfolio by internally assigned credit grade as of December 31, 2023:
(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 $498,502 $— $— $498,502 
Real estate
Commercial:
Mortgage 118,371 — — 118,371 
Construction 8,233 — — 8,233 
Faith-based:
Mortgage 375,865 5,503 — 381,368 
Construction 7,790 — — 7,790 
Other54 — — 54 
Total $1,008,815 $5,503 $— $1,014,318 
(1)Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk and have the apparent ability to satisfy their loan obligation.
(2)Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a higher level of management attention.
Loan modifications to borrowers experiencing financial difficulty may be in the form of principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay, a term extension, or a combination thereof, among other things. There were no loans modified during the year ended December 31, 2024.
There were three loans modified during the year ended December 31, 2023. The terms were extended by periods of two to four years, and there was not an interest rate reduction associated with the modifications. There were no commitments to lend additional funds to these borrowers at December 31, 2024 or December 31, 2023.
The following table shows the amortized cost of loans at December 31, 2023 that were both experiencing financial difficulty and modified during the year ended December 31, 2023, segregated by category and type of modification.
(In thousands)Payment DelayTerm ExtensionInterest Rate ReductionCombination Term Extension and Interest Rate ReductionPercentage of Total Loans Held for Investment
Commercial and industrial$— $22,354 $— $— 4.48 %
Total$— $22,354 $— $— 2.20 %
There were no modified loans that had a payment default during the years ended December 31, 2024 or December 31, 2023 and that had been modified due to the borrower experiencing financial difficulty within the 12 previous months preceding the default.
Upon the Company's determination that a modified loan has subsequently been deemed uncollectible, the loan is written off. There were no loans written off during the years ended December 31, 2024 or December 31, 2023.
The Company had no loans evaluated for expected credit losses on an individual basis as of December 31, 2024 or December 31, 2023.
There were no foreclosed loans recorded as other real estate owned as of December 31, 2024 or December 31, 2023.