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LOANS (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Schedule of Loan Portfolio

The following table summarizes the composition of our loan portfolio. Total loans are recorded net of deferred loan fees and costs, which totaled $1.4 million and $2.2 million as of December 31, 2021 and December 31, 2020, respectively.

Schedule of Loan Portfolio

LOANS

		December 31,
(Dollars in thousands)		2021				2020
Commercial, financial and agricultural		$	69,952			$	96,688
Real estate:
Construction			94,969				95,282
Mortgage-residential			45,498				43,928
Mortgage-commercial			617,464				573,258
Consumer:
Home equity			27,116				26,442
Other			8,703				8,559
Total		$	863,702			$	844,157

Activity in the allowance for loan losses

Activity in the allowance for loan losses was as follows:

LOANS (Details 2)

		Years ended December 31,
(Dollars in thousands)		2021				2020				2019
Balance at the beginning of year		$	10,389			$	6,627			$	6,263
Provision for loan losses			335				3,663				139
Charged off loans			(182	)			(110	)			(145	)
Recoveries			637				209				370
Balance at end of year		$	11,179			$	10,389			$	6,627

Schedule of activity in the allowance for loan losses and the recorded investment in loans receivable

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, 2021, December 31, 2020 and December 31, 2019 follows:

Schedule of activity in the allowance for loan losses and the recorded investment in loans receivable

(Dollars in thousands)		Commercial				Real estate Construction				Real estate Mortgage Residential				Real estate Mortgage Commercial				Consumer Home equity				Consumer Other				Unallocated				Total
2021
Allowance for loan losses:
Beginning balance		$	778			$	145			$	541			$	7,855			$	324			$	125			$	621			$	10,389
Charge-offs			—				—				—				(110	)			—				(72	)			—				(182	)
Recoveries			39				—				10				473				69				46				—				637
Provisions			36				(32	)			9				352				(60	)			27				3				335
Ending balance		$	853			$	113			$	560			$	8,570			$	333			$	126			$	624			$	11,179
Ending balances:
Individually evaluated for impairment		$	—			$	—			$	—			$	1			$	—			$	—			$	—			$	—
Collectively evaluated for impairment			853				113				560				8,569				333				126				624				11,179
Loans receivable:
Ending balance-total		$	69,952			$	94,969			$	45,498			$	617,464			$	27,116			$	8,703			$	—			$	863,702
Ending balances:
Individually evaluated for impairment			—				—				133				1,561				—				—				—				1,694
Collectively evaluated for impairment			69,952				94,969				45,365				615,903				27,116				8,703				—				862,008

(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

(Dollars in thousands)		Commercial				Real estate Construction				Real estate Mortgage Residential				Real estate Mortgage Commercial				Consumer Home equity				Consumer Other				Unallocated				Total
2019
Allowance for loan losses:
Beginning balance		$	430			$	89			$	431			$	4,318			$	261			$	88			$	646			$	6,263
Charge-offs			(12	)			—				(12	)			—				(1	)			(120	)			—				(145	)
Recoveries			3				—				—				307				15				45				—				370
Provisions			6				22				(52	)			(23	)			(35	)			84				137				139
Ending balance		$	427			$	111			$	367			$	4,602			$	240			$	97			$	783			$	6,627
Ending balances:
Individually evaluated for impairment		$	—			$	—			$	—			$	6			$	—			$	—			$	—			$	6
Collectively evaluated for impairment			427				111				367				4,596				240				97				783				6,621
Loans receivable:
Ending balance-total		$	51,805			$	73,512			$	45,357			$	527,447			$	28,891			$	10,016			$	—			$	737,028
Ending balances:
Individually evaluated for impairment			400				—				392				3,135				70				—				—				3,997
Collectively evaluated for impairment			51,405				73,512				44,965				524,312				28,821				10,016				—				733,031

[custom:DisclosureLoansDetails3Abstract]

(Dollars in thousands)		Commercial				Real estate Construction				Real estate Mortgage Residential				Real estate Mortgage Commercial				Consumer Home equity				Consumer Other				Unallocated				Total
2021
Allowance for loan losses:
Beginning balance		$	778			$	145			$	541			$	7,855			$	324			$	125			$	621			$	10,389
Charge-offs			—				—				—				(110	)			—				(72	)			—				(182	)
Recoveries			39				—				10				473				69				46				—				637
Provisions			36				(32	)			9				352				(60	)			27				3				335
Ending balance		$	853			$	113			$	560			$	8,570			$	333			$	126			$	624			$	11,179
Ending balances:
Individually evaluated for impairment		$	—			$	—			$	—			$	1			$	—			$	—			$	—			$	—
Collectively evaluated for impairment			853				113				560				8,569				333				126				624				11,179
Loans receivable:
Ending balance-total		$	69,952			$	94,969			$	45,498			$	617,464			$	27,116			$	8,703			$	—			$	863,702
Ending balances:
Individually evaluated for impairment			—				—				133				1,561				—				—				—				1,694
Collectively evaluated for impairment			69,952				94,969				45,365				615,903				27,116				8,703				—				862,008

(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

(Dollars in thousands)		Commercial				Real estate Construction				Real estate Mortgage Residential				Real estate Mortgage Commercial				Consumer Home equity				Consumer Other				Unallocated				Total
2019
Allowance for loan losses:
Beginning balance		$	430			$	89			$	431			$	4,318			$	261			$	88			$	646			$	6,263
Charge-offs			(12	)			—				(12	)			—				(1	)			(120	)			—				(145	)
Recoveries			3				—				—				307				15				45				—				370
Provisions			6				22				(52	)			(23	)			(35	)			84				137				139
Ending balance		$	427			$	111			$	367			$	4,602			$	240			$	97			$	783			$	6,627
Ending balances:
Individually evaluated for impairment		$	—			$	—			$	—			$	6			$	—			$	—			$	—			$	6
Collectively evaluated for impairment			427				111				367				4,596				240				97				783				6,621
Loans receivable:
Ending balance-total		$	51,805			$	73,512			$	45,357			$	527,447			$	28,891			$	10,016			$	—			$	737,028
Ending balances:
Individually evaluated for impairment			400				—				392				3,135				70				—				—				3,997
Collectively evaluated for impairment			51,405				73,512				44,965				524,312				28,821				10,016				—				733,031

Schedule of loan category and loans individually evaluated and considered impaired

The following tables are by loan category and present at December 31, 2021, December 31, 2020 and December 31, 2019 loans individually evaluated and considered impaired under FASB ASC 310, “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing troubled debt restructurings.

Schedule of loan category and loans individually evaluated and considered impaired

LOANS (Details 4)

(Dollars in thousands)
December 31, 2021		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no allowance recorded:
Commercial		$	—			$	—			$	—			$	—			$	—
Real estate:
Construction			—				—				—				—				—
Mortgage-residential			133				151				—				131				6
Mortgage-commercial			1,521				3,514				—				1,748				223
Consumer:
Home Equity			—				—				—				—				—
Other			—				—				—				—				—
With an allowance recorded:
Commercial			—				—				—				—				—
Real estate:
Construction			—				—				—				—				—
Mortgage-residential			—				—				—				—				—
Mortgage-commercial			40				40				1				39				5
Consumer:
Home Equity			—				—				—				—				—
Other			—				—				—				—				—
Total:
Commercial			—				—				—				—				—
Real estate:
Construction			—				—				—				—				—
Mortgage-residential			133				151				—				131				6
Mortgage-commercial			1,561				3,554				1				1,787				228
Consumer:
Home Equity			—				—				—				—				—
Other			—				—				—				—				—
		$	1,694			$	3,705			$	1			$	1,918			$	234

Schedule of loan category and loan by risk categories

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, 2021 and December 31, 2020, 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, 2021 and December 31, 2020, no loans were classified as doubtful.

Schedule of loan category and loan by risk categories

LOANS (Details 5)

(Dollars in thousands)
December 31, 2021		Pass				Special Mention				Substandard				Doubtful				Total
Commercial, financial & agricultural		$	69,833			$	119			$	—			$	—			$	69,952
Real estate:			—				—				—
Construction			94,966				—				3				—				94,969
Mortgage – residential			45,049				305				144				—				45,498
Mortgage – commercial			610,001				1,009				6,454				—				617,464
Consumer:			—				—				—
Home Equity			25,751				171				1,194				—				27,116
Other			8,604				22				77				—				8,703
Total		$	854,204			$	1,626			$	7,872			$	—			$	863,702
(Dollars in thousands)
						Special
December 31, 2020		Pass				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

Schedule of loan category and present 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, 2021 and December 31, 2020:

Schedule of loan category and present loans past due and on non-accrual status

(Dollars in thousands) December 31, 2021		30-59 Days Past Due				60-89 Days Past Due				Greater than 90 Days and Accruing				Nonaccrual				Total Past Due				Current				Total Loans
Commercial		$	125			$	35			$	—			$	118			$	278			$	69,674			$	69,952
Real estate:
Construction			—				—				—				—				—				94,969				94,969
Mortgage-residential			8				4				—				132				144				45,354				45,498
Mortgage-commercial			—				—				—				—				—				617,464				617,464
Consumer:
Home equity			—				62				—				—				62				27,054				27,116
Other			—				1				—				—				1				8,702				8,703
Total		$	133			$	102			$	—			$	250			$	485			$	863,217			$	863,702

(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

[custom:DisclosureLoansDetails6Abstract]

(Dollars in thousands) December 31, 2021		30-59 Days Past Due				60-89 Days Past Due				Greater than 90 Days and Accruing				Nonaccrual				Total Past Due				Current				Total Loans
Commercial		$	125			$	35			$	—			$	118			$	278			$	69,674			$	69,952
Real estate:
Construction			—				—				—				—				—				94,969				94,969
Mortgage-residential			8				4				—				132				144				45,354				45,498
Mortgage-commercial			—				—				—				—				—				617,464				617,464
Consumer:
Home equity			—				62				—				—				62				27,054				27,116
Other			—				1				—				—				1				8,702				8,703
Total		$	133			$	102			$	—			$	250			$	485			$	863,217			$	863,702

(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

Schedule for 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, 2021, 2020, and 2019 follows:

Schedule for changes in the accretable yield for PCI loans

LOANS (Details 7)

(Dollars in thousands)		Year Ended December 31, 2021				Year Ended December 31, 2020				Year Ended December 31, 2019
Accretable yield, beginning of period		$	93			$	123			$	153
Additions			—				—				—
Accretion			(29	)			(30	)			(30	)
Reclassification of non-accretable difference due to improvement in expected cash flows			—				—				—
Other changes, net			—				—				—
Accretable yield, end of period		$	64			$	93			$	123

Schedule of Related Party Loans

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, 2021 and December 31, 2020.

Schedule of Related Party Loans

LOANS (Details 8)

(Dollars in thousands)		For the years ended December 31,
		2021				2020
Balance, beginning of year		$	3,297			$	4,108
New Loans			4				188
Less loan repayments			492				999
Balance, end of year		$	2,809			$	3,297

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Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI http://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524

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- References

No definition available.

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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

+ References

No definition available.

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