Allowance for Loan Credit Losses

Schedule of past due and non-accrual loans


	September 30, 2024
	30-59 Days		60-89 Days		90 Days or								90 Days or More
	Past		Past		More		Total Past				Total		Past Due and		Nonaccrual
(Dollars in thousands)	Due		Due		Past Due		Due		Current		Loans		Still Accruing		Loans
Real Estate Loans
Commercial	$	—	$	—	$	—	$	—	$	1,162,103	$	1,162,103	$	—	$	—
Construction and land development		—		—		—		—		161,466		161,466		—		—
Residential		—		—		—		—		473,787		473,787		—		—
Commercial		—		—		—		—		39,867		39,867		—		—
Consumer		—		—		—		—		877		877		—		—
Total Loans	$	—	$	—	$	—	$	—	$	1,838,100	$	1,838,100	$	—	$	—


	December 31, 2023
	30-59 Days		60-89 Days		90 Days or								90 Days or More
	Past		Past		More		Total Past				Total		Past Due and		Nonaccrual
(Dollars in thousands)	Due		Due		Past Due		Due		Current		Loans		Still Accruing		Loans
Real Estate Loans
Commercial	$	—	$	—	$	—	$	—	$	1,146,116	$	1,146,116	$	—	$	—
Construction and land development		—		—		—		—		180,922		180,922		—		—
Residential		—		—		—		—		482,182		482,182		—		—
Commercial		—		—		—		—		45,204		45,204		—		—
Consumer		—		—		—		—		560		560		—		—
Total Loans	$	—	$	—	$	—	$	—	$	1,854,984	$	1,854,984	$	—	$	—

Schedule of credit quality indicators

The following table presents the Company’s recorded investment in loans by credit quality indicator by year of origination as of September 30, 2024.


	Term Loans by Year of Origination
(Dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving		Total
Real Estate Loans - Commercial
Pass	$	78,092	$	66,659	$	300,478	$	188,851	$	117,522	$	380,300	$	1,483	$	1,133,385
Special mention		—		—		12,702		—		—		6,038		—		18,740
Substandard		—		—		—		9,978		—		—		—		9,978
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Commercial	$	78,092	$	66,659	$	313,180	$	198,829	$	117,522	$	386,338	$	1,483	$	1,162,103

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Construction and land development
Pass	$	49,926	$	46,328	$	26,319	$	4,224	$	3,971	$	4,750	$	24,842	$	160,360
Special mention		—		—		—		—		—		1,106		—		1,106
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Construction and land development	$	49,926	$	46,328	$	26,319	$	4,224	$	3,971	$	5,856	$	24,842	$	161,466

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Residential
Pass	$	21,531	$	75,694	$	112,728	$	117,254	$	82,799	$	42,388	$	21,393	$	473,787
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Residential	$	21,531	$	75,694	$	112,728	$	117,254	$	82,799	$	42,388	$	21,393	$	473,787

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial Loans
Pass	$	4,967	$	5,077	$	6,004	$	1,503	$	1,667	$	7,521	$	13,128	$	39,867
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Commercial Loans	$	4,967	$	5,077	$	6,004	$	1,503	$	1,667	$	7,521	$	13,128	$	39,867

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer Loans
Pass	$	772	$	81	$	2	$	—	$	—	$	3	$	19	$	877
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Consumer Loans	$	772	$	81	$	2	$	—	$	—	$	3	$	19	$	877

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

The following table presents the Company’s recorded investment in loans by credit quality indicator by year of origination as of December 31, 2023.


	Term Loans by Year of Origination
(Dollars in thousands)	2023		2022		2021		2020		2019		Prior		Revolving		Total
Real Estate Loans - Commercial
Pass	$	67,675	$	302,342	$	201,801	$	125,828	$	96,424	$	334,132	$	3,575	$	1,131,777
Special mention		—		13,102		—		1,237		—		—		—		14,339
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Commercial	$	67,675	$	315,444	$	201,801	$	127,065	$	96,424	$	334,132	$	3,575	$	1,146,116

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Construction and land development
Pass	$	47,253	$	56,408	$	33,827	$	9,360	$	8	$	7,046	$	24,891	$	178,793
Special mention		—		—		—		—		2,129		—		—		2,129
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Construction and land development	$	47,253	$	56,408	$	33,827	$	9,360	$	2,137	$	7,046	$	24,891	$	180,922

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Real Estate Loans - Residential
Pass	$	83,060	$	114,865	$	133,188	$	87,275	$	24,883	$	21,380	$	17,531	$	482,182
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Real Estate Loans - Residential	$	83,060	$	114,865	$	133,188	$	87,275	$	24,883	$	21,380	$	17,531	$	482,182

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial Loans
Pass	$	7,564	$	6,838	$	1,959	$	3,207	$	4,482	$	4,787	$	16,367	$	45,204
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Commercial Loans	$	7,564	$	6,838	$	1,959	$	3,207	$	4,482	$	4,787	$	16,367	$	45,204

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Consumer Loans
Pass	$	485	$	6	$	26	$	—	$	—	$	10	$	33	$	560
Special mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—		—
Total Consumer Loans	$	485	$	6	$	26	$	—	$	—	$	10	$	33	$	560

Current period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—