XML 53 R40.htm IDEA: XBRL DOCUMENT v3.20.4
LOANS (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Loans summarized by category are as follows:

Loans summarized by category are as follows:
Loans
    December 31,  
(Dollars in thousands)   2020     2019  
Commercial, financial and agricultural   $ 96,688     $ 51,805  
Real estate:                
Construction     95,282       73,512  
Mortgage-residential     43,928       45,357  
Mortgage-commercial     573,258       527,447  
Consumer:                
Home equity     26,442       28,891  
Other     8,559       10,016  
Total   $ 844,157     $ 737,028  
Activity in the allowance for loan losses was as follows:

Activity in the allowance for loan losses was as follows:
Loans (Details 2)
                         
    Years ended December 31,  
(Dollars in thousands)   2020     2019     2018  
Balance at the beginning of year   $ 6,627     $ 6,263     $ 5,797  
Provision for loan losses     3,663       139       346  
Charged off loans     (110 )     (145 )     (164 )
Recoveries     209       370       284  
Balance at end of year   $ 10,389     $ 6,627     $ 6,263  
The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the years ended December 31, 2020, December 31, 2019 and December 31, 2018 follows:

The detailed activity in the allowance for loan losses and the recorded investment in loans receivable as of and for the years ended December 31, 2020, December 31, 2019 and December 31, 2018 follows:
Loans (Details 3)
(Dollars in thousands)  Commercial   Real estate
Construction		   Real estate
Mortgage
Residential		   Real estate
Mortgage
Commercial		   Consumer
Home
equity		   Consumer
Other		   Unallocated   Total 
2020                                        
Allowance for loan losses:                                        
Beginning balance   $427   $111   $367   $4,602   $240   $97   $783   $6,627 
Charge-offs    —    (2)   —    (1)   —    (107)   —    (110)
Recoveries    130    2    —    23    2    52    —    209 
Provisions    221    34    174    3,231    82    83    (162)   3,663 
Ending balance   $778   $145   $541   $7,855   $324   $125   $621   $10,389 
                                         
Ending balances:                                        
Individually evaluated for impairment   $—   $—   $—   $2   $—   $—   $—   $2 
                                         
Collectively evaluated for impairment    778    145    541    7,853    324    125    621    10,387 
                                         
Loans receivable:                                        
Ending balance-total   $96,688   $95,282   $43,928   $573,258   $26,442   $8,559   $—   $844,157 
                                         
Ending balances:                                        
Individually evaluated for impairment    —    —    440    5,631    42    —    —    6,113 
                                         
Collectively evaluated for impairment    96,688    95,282    43,488    567,627    26,400    8,559    —    838,044 
loans individually evaluated and considered impaired

The following table presents at December 31, 2020, 2019 and 2018, loans individually evaluated and considered impaired under FASB ASC 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing troubled debt restructurings.
LOANS (Details 4)
    December 31,  
(Dollars in thousands)   2020     2019     2018  
Total loans considered impaired at year end   $ 6,113     $ 3,997     $ 4,381  
Loans considered impaired for which there is a related allowance for loan loss:                        
Outstanding loan balance   $ 123     $ 256     $ 453  
Related allowance   $ 2     $ 6     $ 14  
Average impaired loans   $ 6,375     $ 4,431     $ 4,128  
Amount of interest earned during period of impairment   $ 403     $ 263     $ 160  
loan category and present

The following tables are by loan category and present at December 31, 2020, December 31, 2019 and December 31, 2018 loans individually evaluated and considered impaired under FASB ASC 310, “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing troubled debt restructurings.
Loans (Details 5)
(Dollars in thousands)                              
December 31, 2020   Recorded
Investment		     Unpaid
Principal
Balance		     Related
Allowance		     Average
Recorded
Investment		     Interest
Income
Recognized		  
With no allowance recorded:                                        
Commercial   $ —     $ —     $ —     $ —     $ —  
Real estate:                                        
Construction     —       —       —       —       —  
Mortgage-residential     440       499       —       440       1  
Mortgage-commercial     5,508       7,980       —       5,770       388  
Consumer:                                        
Home Equity     42       47       —       42       3  
Other     —       —       —       —       —  
                                         
With an allowance recorded:                                        
Commercial     —       —       —       —       —  
Real estate:                                        
Construction     —       —       —       —       —  
Mortgage-residential     —       —       —       —       —  
Mortgage-commercial     123       123       2       123       11  
Consumer:                                        
Home Equity     —       —       —       —       —  
Other     —       —       —       —       —  
                                         
Total:                                        
Commercial     —       —       —       —       —  
Real estate:                                        
Construction     —       —       —       —       —  
Mortgage-residential     440       499       —       440       1  
Mortgage-commercial     5,631       8,103       2       5,893       399  
Consumer:                                        
Home Equity     42       47       —       42       3  
Other     —       —       —       —       —  
    $ 6,113     $ 8,649     $ 2     $ 6,375     $ 403  
loans by class of loans

Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be “Pass” rated loans. As of December 31, 2020 and December 31, 2019, and based on the most recent analysis performed, the risk category of loans by class of loans is shown in the table below. As of December 31, 2020 and December 31, 2019, no loans were classified as doubtful.
LOANS (Details 6)
(Dollars in thousands)                              
December 31, 2020   Pass     Special
Mention		     Substandard     Doubtful     Total  
Commercial, financial & agricultural   $ 96,507     $ 181     $ —     $ —     $ 96,688  
Real estate:                                        
Construction     95,282       —       —       —       95,282  
Mortgage – residential     43,240       190       498       —       43,928  
Mortgage – commercial     559,982       7,270       6,006       —       573,258  
Consumer:                                        
Home Equity     25,041       95       1,306       —       26,442  
Other     8,538       21       —       —       8,559  
Total   $ 828,590     $ 7,757     $ 7,810     $ —     $ 844,157  
                               
(Dollars in thousands)                    
       Special             
December 31, 2019  Pass   Mention   Substandard   Doubtful   Total 
Commercial, financial & agricultural   $51,166   $239   $400   $—   $51,805 
Real estate:                         
Construction    73,512    —    —    —    73,512 
Mortgage – residential    44,221    509    627    —    45,357 
Mortgage – commercial    521,072    2,996    3,379    —    527,447 
Consumer:                         
Home Equity    27,450    1,157    284    —    28,891 
Other    9,981    35    —    —    10,016 
Total   $727,402   $4,936   $4,690   $—   $737,028 
loans past due and on non-accrual status

The following tables are by loan category and present loans past due and on non-accrual status as of December 31, 2020 and December 31, 2019:
LOANS (Details 7)
(Dollars in thousands)
December 31, 2020		   30-59
Days
Past Due		     60-89
Days
Past Due		     Greater than
90 Days and
Accruing		     Nonaccrual     Total Past
Due		     Current     Total
Loans		  
Commercial   $ 165     $ 27     $ —     $ 4,080     $ 4,272     $ 92,416     $ 96,688  
Real estate:                                                        
Construction     424       —       1,260       —       1,684       93,598       95,282  
Mortgage-residential     7       —       —       440       447       43,481       43,928  
Mortgage-commercial     —       —       —       —       —       573,258       573,258  
Consumer:                                                        
Home equity     —       —       —       42       42       26,400       26,442  
Other     21       21       —       —       42       8,517       8,559  
Total   $ 617     $ 48     $ 1,260     $ 4,562     $ 6,487     $ 837,670     $ 844,157  
                                           
(Dollars in thousands)
December 31, 2019		   30-59
Days
Past Due		     60-89
Days
Past Due		     Greater than
90 Days and
Accruing		     Nonaccrual     Total Past
Due		     Current     Total
Loans		  
Commercial  $—   $99   $—   $400   $499   $51,306   $51,805 
Real estate:                                   
Construction   113    —    —    —    113    73,399    73,512 
Mortgage-residential   151    —    —    392    543    44,814    45,357 
Mortgage-commercial   39    —    —    1,467    1,506    525,941    527,447 
Consumer:                                   
Home equity   2    9    —    70    81    28,810    28,891 
Other   40    23    —    —    63    9,953    10,016 
   $345   $131   $—   $2,329   $2,805   $734,223   $737,028 
changes in the accretable yield for PCI loans

A summary of changes in the accretable yield for PCI loans for the years ended December 31, 2020, 2019, and 2018 follows:
LOANS (Details 8)
(Dollars in thousands)   Year
Ended
December 31,
2020		     Year
Ended
December 31,
2019		     Year
Ended
December 31,
2018		  
Accretable yield, beginning of period   $ 123     $ 153     $ 21  
Additions     —       —       —  
Accretion     (30 )     (30 )     (256 )
Reclassification of non-accretable difference due to improvement in expected cash flows     —       —       284  
Other changes, net     —       —       104  
Accretable yield, end of period   $ 93     $ 123     $ 153  
related party loan transactions

Related party loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and generally do not involve more than the normal risk of collectability. The following table presents related party loan transactions for the years ended December 31, 2020 and December 31, 2019.
LOANS (Details 9)
(Dollars in thousands)   For the years ended
December 31,		  
    2020     2019  
Balance, beginning of year   $ 4,108     $ 5,937  
New Loans     188       129  
Less loan repayments     999       1,958  
Balance, end of year   $ 3,297     $ 4,108