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Loans (Tables)

12 Months Ended

Dec. 31, 2020

Loans [Abstract]

Schedule of Loans

(In thousands)		2020			2019
Commercial real estate		$	438,949		$	418,356
Commercial (1)			565,976			451,791
Residential real estate			32,785			45,695
Construction and land development			28,927			46,763
Consumer			5,547			12,737
Mortgage warehouse			265,379			—
			1,337,563			975,342
Allowance for loan losses			(18,518)			(13,844)
Deferred loan fees, net (2)			(4,235)			(2,212)
Net loans		$	1,314,810		$	959,286

(1) Includes $41.8 million in PPP loans at December 31, 2020. There were no PPP loans at December 31, 2019.

(2) Includes $993,000 in deferred fees related to PPP loans at December 31, 2020. There were no deferred fees related to PPP loans at December 31, 2019.

Schedule of Allowance for Loans and Gross Impaired Loans by Portfolio Segment

										Construction
	Commercial						Residential			and Land						Mortgage
(In thousands)	Real Estate			Commercial			Real Estate			Development			Consumer			Warehouse			Unallocated			Total
December 31, 2020
Allowance for loan losses:
Beginning balance	$	6,104		$	6,086		$	254		$	749		$	650		$	—		$	1		$	13,844
Charge-offs		(117)			(176)			—			(24)			(772)			—			—			(1,089)
Recoveries		—			7			4			—			155			—			—			166
Provision (credit)		108			4,626			(74)			(278)			553			663			(1)			5,597
Ending balance	$	6,095		$	10,543		$	184		$	447		$	586		$	663		$	—		$	18,518
Ending balance:
Individually evaluated
for impairment	$	—		$	2,024		$	—		$	—		$	—		$	—		$	—		$	2,024
Ending balance:
Collectively evaluated
for impairment		6,095			8,519			184			447			586			663			—			16,494
Total allowance for loan
losses ending balance	$	6,095		$	10,543		$	184		$	447		$	586		$	663		$	—		$	18,518
Loans (1):
Ending balance:
Individually evaluated
for impairment	$	21,039		$	4,458		$	162		$	—		$	—			—					$	25,659
Ending balance:
Collectively evaluated
for impairment		417,910			561,518			32,623			28,927			5,547			265,379						1,311,904
Total loans ending balance	$	438,949		$	565,976		$	32,785		$	28,927		$	5,547		$	265,379					$	1,337,563

(1) Balances represent gross loans. The difference between gross loans versus recorded investment, which would consist of unpaid principal balance, net of charge-offs, interest payments received applied to principal and unamortized deferred loan origination fees and costs, is not material.

										Construction
	Commercial						Residential			and Land						Mortgage
(In thousands)	Real Estate			Commercial			Real Estate			Development			Consumer			Warehouse			Unallocated			Total
December 31, 2019
Allowance for loan losses:
Beginning balance	$	4,152		$	5,742		$	251		$	738		$	710		$	—		$	87		$	11,680
Charge-offs		—			(1,950)			—			—			(1,355)			—			—			(3,305)
Recoveries		—			35			7			—			101			—			—			143
Provision (credit)		1,952			2,259			(4)			11			1,194			—			(86)			5,326
Ending balance	$	6,104		$	6,086		$	254		$	749		$	650		$	—		$	1		$	13,844
Ending balance:
Individually evaluated
for impairment	$	1,508		$	174		$	—		$	—		$	—		$	—		$	—		$	1,682
Ending balance:
Collectively evaluated
for impairment		4,596			5,912			254			749			650			—			1			12,162
Total allowance for loan
losses ending balance	$	6,104		$	6,086		$	254		$	749		$	650		$	—		$	1		$	13,844
Loans (1):
Ending balance:
Individually evaluated
for impairment	$	20,990		$	3,326		$	182		$	165		$	—		$	—					$	24,663
Ending balance:
Collectively evaluated
for impairment		397,366			448,465			45,513			46,598			12,737			—						950,679
Total loans ending balance	$	418,356		$	451,791		$	45,695		$	46,763		$	12,737		$	—					$	975,342

(1) Balances represent gross loans. The difference between gross loans versus recorded investment, which would consist of unpaid principal balance, net of charge-offs, interest payments received applied to principal and unamortized deferred loan origination fees and costs, is not material.

Schedule of Non-Accrual Loans and Loan Delinquencies by Portfolio Segment

																			90 Days
							90 Days			Total									or More
	30 - 59			60 - 89			or More			Past			Total			Total			Past Due			Nonaccrual
(In thousands)	Days			Days			Past Due			Due			Current			Loans			and Accruing			Loans
December 31, 2020
Commercial real estate	$	—		$	—		$	—		$	—		$	438,949		$	438,949		$	—		$	—
Commercial		4,358			—			291			4,649			561,327			565,976			—			4,198
Residential real estate		255			346			1,030			1,631			31,154			32,785			—			1,156
Construction and
land development		—			—			—			—			28,927			28,927			—			—
Consumer		61			21			64			146			5,401			5,547			—			65
Mortgage warehouse		—			—			—			—			265,379			265,379			—			—
Total	$	4,674		$	367		$	1,385		$	6,426		$	1,331,137		$	1,337,563		$	—		$	5,419
December 31, 2019
Commercial real estate	$	473		$	18,256		$	1,368		$	20,097		$	398,259		$	418,356		$	—		$	1,701
Commercial		529			85			484			1,098			450,693			451,791			—			2,955
Residential real estate		715			154			832			1,701			43,994			45,695			—			969
Construction and
land development		—			—			165			165			46,598			46,763			—			165
Consumer		111			58			38			207			12,530			12,737			—			37
Mortgage warehouse		—			—			—			—			—			—			—			—
Total	$	1,828		$	18,553		$	2,887		$	23,268		$	952,074		$	975,342		$	—		$	5,827

Schedule of Impaired Loans

					Unpaid						Average			Interest
		Recorded			Principal			Related			Recorded			Income
(In thousands)		Investment			Balance			Allowance			Investment			Recognized
December 31, 2020
With no related allowance recorded:
Commercial real estate		$	21,039		$	21,312		$	—		$	21,356		$	350
Commercial			434			441			—			476			19
Residential real estate			162			162			—			164			8
Construction and land development			—			—			—			—			—
Consumer			—			—			—			—			—
Mortgage warehouse			—			—			—			—			—
Total impaired with no related allowance		$	21,635		$	21,915		$	—		$	21,996		$	377
With an allowance recorded:
Commercial real estate		$	—		$	—		$	—		$	—		$	—
Commercial			4,024			4,605			2,024			4,177			1
Residential real estate			—			—			—			—			—
Construction and land development			—			—			—			—			—
Consumer			—			—			—			—			—
Mortgage warehouse			—			—			—			—			—
Total impaired with an allowance recorded		$	4,024		$	4,605		$	2,024		$	4,177		$	1
Total
Commercial real estate		$	21,039		$	21,312		$	—		$	21,356		$	350
Commercial			4,458			5,046			2,024			4,653			20
Residential real estate			162			162			—			164			8
Construction and land development			—			—			—			—			—
Consumer			—			—			—			—			—
Mortgage warehouse			—			—			—			—			—
Total impaired loans		$	25,659		$	26,520		$	2,024		$	26,173		$	378

					Unpaid						Average			Interest
		Recorded			Principal			Related			Recorded			Income
(In thousands)		Investment			Balance			Allowance			Investment			Recognized
December 31, 2019
With no related allowance recorded:
Commercial real estate		$	2,070		$	2,082		$	—		$	2,144		$	59
Commercial			1,348			1,745			—			2,323			26
Residential real estate			182			182			—			303			16
Construction and land development			165			165			—			273			—
Consumer			—			—			—			—			—
Total impaired with no related allowance		$	3,765		$	4,174		$	—		$	5,043		$	101
With an allowance recorded:
Commercial real estate		$	18,920		$	18,921		$	1,508		$	18,921		$	—
Commercial			1,978			2,085			174			2,972			—
Residential real estate			—			—			—			—			—
Construction and land development			—			—			—			—			—
Consumer			—			—			—			—			—
Total impaired with an allowance recorded		$	20,898		$	21,006		$	1,682		$	21,893		$	—
Total
Commercial real estate		$	20,990		$	21,003		$	1,508		$	21,065		$	59
Commercial			3,326			3,830			174			5,295			26
Residential real estate			182			182			—			303			16
Construction and land development			165			165			—			273			—
Consumer			—			—			—			—			—
Total impaired loans		$	24,663		$	25,180		$	1,682		$	26,936		$	101

Schedule of Troubled Debt Restructurings

		Year Ended December 31,
		2020								2019
(Dollars in thousands)		Number of Contracts		Pre- ‎Modification ‎Outstanding ‎Recorded ‎Investment			Post-Modification ‎Outstanding ‎Recorded ‎Investment			Number of Contracts		Pre- ‎Modification ‎Outstanding ‎Recorded ‎Investment			Post-Modification ‎Outstanding ‎Recorded ‎Investment
Troubled debt restructurings:
Commercial real estate		9		$	18,811		$	20,311		—		$	—		$	—
Commercial		1			81			81		2			2,640			2,640
		10		$	18,892		$	20,392		2		$	2,640		$	2,640

Schedule of Loans by Risk Rating and Portfolio Segment

										Construction
	Commercial						Residential			and Land						Mortgage
(In thousands)	Real Estate			Commercial			Real Estate			Development			Consumer			Warehouse			Total
December 31, 2020
Grade:
Pass	$	401,541		$	538,449		$	—		$	28,927		$	—		$	265,379		$	1,234,296
Special mention		17,702			13,625			—			—			—			—			31,327
Substandard		19,706			13,902			1,560			—			—			—			35,168
Not formally rated		—			—			31,225			—			5,547			—			36,772
Total	$	438,949		$	565,976		$	32,785		$	28,927		$	5,547		$	265,379		$	1,337,563
December 31, 2019
Grade:
Pass	$	396,217		$	433,076		$	—		$	46,598		$	—		$	—		$	875,891
Special mention		1,936			14,044			—			—			—			—			15,980
Substandard		20,203			4,671			1,379			165			—			—			26,418
Not formally rated		—			—			44,316			—			12,737			—			57,053
Total	$	418,356		$	451,791		$	45,695		$	46,763		$	12,737		$	—		$	975,342

Schedule of Loans to Directors and Executive Officers of the Company and Companies in Which They Have Significant Ownership Interest

(In thousands)
Beginning balance, January 1, 2019		$	11,957
Advances			5,303
Principal payments			(13,555)
Ending balance, December 31, 2019		$	3,705
Beginning balance, January 1, 2020		$	3,705
Advances			12,329
Principal payments			(656)
Ending balance, December 31, 2020		$	15,378

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