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Loans (Tables)

3 Months Ended

Mar. 31, 2022

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 $1.4 million as of March 31, 2022 and December 31, 2021, respectively.

Schedule of Loan Portfolio

Loans

		March 31,				December 31,
(Dollars in thousands)		2022				2021
Commercial, financial and agricultural		$	70,565			$	69,952
Real estate:
Construction			96,419				94,969
Mortgage-residential			42,675				45,498
Mortgage-commercial			627,621				617,464
Consumer:
Home equity			27,712				27,116
Other			10,805				8,703
Total loans, net of deferred loan fees and costs		$	875,797			$	863,702

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 three months ended March 31, 2022 and March 31, 2021 and for the year ended December 31, 2021 is as follows:

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

										Real estate				Real estate				Consumer
						Real estate				Mortgage				Mortgage				Home				Consumer
(Dollars in thousands)		Commercial				Construction				Residential				Commercial				equity				Other				Unallocated				Total
March 31, 2022
Allowance for loan losses:
Beginning balance December 31, 2021		$	853			$	113			$	560			$	8,570			$	333			$	126			$	624			$	11,179
Charge-offs			—				—				—				—				—				(14	)			—				(14	)
Recoveries			11				—				—				6				3				3				—				23
Provisions			(15	)			(22	)			(47	)			(68	)			(5	)			35				(3	)			(125	)
Ending balance March 31, 2022		$	849			$	91			$	513			$	8,508			$	331			$	150			$	621			$	11,063
Ending balances:
Individually evaluated for impairment		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
Collectively evaluated for impairment			849			$	91			$	513			$	8,508			$	331			$	150			$	621			$	11,063
March 31, 2022 Loans receivable:
Ending balance-total		$	70,565			$	96,419			$	42,675			$	627,621			$	27,712			$	10,805			$	—			$	875,797
Ending balances:
Individually evaluated for impairment			—				—				42				1,499				—				—				—				1,541
Collectively evaluated for impairment		$	70,565			$	96,419			$	42,633			$	626,122			$	27,712			$	10,805			$	—			$	874,256

										Real estate				Real estate				Consumer
						Real estate				Mortgage				Mortgage				Home				Consumer
(Dollars in thousands)		Commercial				Construction				Residential				Commercial				equity				Other				Unallocated				Total
March 31, 2021
Allowance for loan losses:
Beginning balance December 31, 2020		$	778			$	145			$	541			$	7,855			$	324			$	125			$	621			$	10,389
Charge-offs			—				—				—				—				—				(25	)			—				(25	)
Recoveries			1				—				—				4				1				16				—				22
Provisions			(21	)			(11	)			(61	)			278				(16	)			8				—				177
Ending balance March 31, 2021		$	758			$	134			$	480			$	8,137			$	309			$	124			$	621			$	10,563
Ending balances:
Individually evaluated for impairment		$	—			$	—			$	—			$	2			$	—			$	—			$	—			$	2
Collectively evaluated for impairment			758				134				480				8,135				309				124				621				10,561
March 31, 2021 Loans receivable:
Ending balance-total		$	110,776			$	104,065			$	38,947			$	582,083			$	25,068			$	8,127			$	—			$	869,066
Ending balances:
Individually evaluated for impairment			—				—				436				5,578				21				—				—				6,035
Collectively evaluated for impairment		$	110,776			$	104,065			$	38,511			$	576,505			$	25,047			$	8,127			$	—			$	863,031
(Dollars in thousands)		Commercial				Real estate Construction				Real estate Mortgage Residential				Real estate Mortgage Commercial				Consumer Home equity				Consumer Other				Unallocated				Total
December 31, 2021
Allowance for loan losses:
Beginning balance December 31, 2020		$	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 December 31, 2021		$	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
December 31, 2021 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

[custom:DisclosureLoansDetails2Abstract]

										Real estate				Real estate				Consumer
						Real estate				Mortgage				Mortgage				Home				Consumer
(Dollars in thousands)		Commercial				Construction				Residential				Commercial				equity				Other				Unallocated				Total
March 31, 2022
Allowance for loan losses:
Beginning balance December 31, 2021		$	853			$	113			$	560			$	8,570			$	333			$	126			$	624			$	11,179
Charge-offs			—				—				—				—				—				(14	)			—				(14	)
Recoveries			11				—				—				6				3				3				—				23
Provisions			(15	)			(22	)			(47	)			(68	)			(5	)			35				(3	)			(125	)
Ending balance March 31, 2022		$	849			$	91			$	513			$	8,508			$	331			$	150			$	621			$	11,063
Ending balances:
Individually evaluated for impairment		$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	—
Collectively evaluated for impairment			849			$	91			$	513			$	8,508			$	331			$	150			$	621			$	11,063
March 31, 2022 Loans receivable:
Ending balance-total		$	70,565			$	96,419			$	42,675			$	627,621			$	27,712			$	10,805			$	—			$	875,797
Ending balances:
Individually evaluated for impairment			—				—				42				1,499				—				—				—				1,541
Collectively evaluated for impairment		$	70,565			$	96,419			$	42,633			$	626,122			$	27,712			$	10,805			$	—			$	874,256

										Real estate				Real estate				Consumer
						Real estate				Mortgage				Mortgage				Home				Consumer
(Dollars in thousands)		Commercial				Construction				Residential				Commercial				equity				Other				Unallocated				Total
March 31, 2021
Allowance for loan losses:
Beginning balance December 31, 2020		$	778			$	145			$	541			$	7,855			$	324			$	125			$	621			$	10,389
Charge-offs			—				—				—				—				—				(25	)			—				(25	)
Recoveries			1				—				—				4				1				16				—				22
Provisions			(21	)			(11	)			(61	)			278				(16	)			8				—				177
Ending balance March 31, 2021		$	758			$	134			$	480			$	8,137			$	309			$	124			$	621			$	10,563
Ending balances:
Individually evaluated for impairment		$	—			$	—			$	—			$	2			$	—			$	—			$	—			$	2
Collectively evaluated for impairment			758				134				480				8,135				309				124				621				10,561
March 31, 2021 Loans receivable:
Ending balance-total		$	110,776			$	104,065			$	38,947			$	582,083			$	25,068			$	8,127			$	—			$	869,066
Ending balances:
Individually evaluated for impairment			—				—				436				5,578				21				—				—				6,035
Collectively evaluated for impairment		$	110,776			$	104,065			$	38,511			$	576,505			$	25,047			$	8,127			$	—			$	863,031
(Dollars in thousands)		Commercial				Real estate Construction				Real estate Mortgage Residential				Real estate Mortgage Commercial				Consumer Home equity				Consumer Other				Unallocated				Total
December 31, 2021
Allowance for loan losses:
Beginning balance December 31, 2020		$	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 December 31, 2021		$	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
December 31, 2021 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

Schedule of loan category and loans individually evaluated and considered impaired

The following tables are by loan category and present March 31, 2022, March 31, 2021, and December 31, 2021 loans individually evaluated and considered impaired under FASB ASC 310 “Accounting by Creditors for Impairment of a Loan.” Impairment includes performing TDRs.

Schedule of loan category and loans individually evaluated and considered impaired

Loans (Details 3)

														Three months ended
						Unpaid								Average				Interest
(Dollars in thousands)		Recorded				Principal				Related				Recorded				Income
March 31, 2022		Investment				Balance				Allowance				Investment				Recognized
With no allowance recorded:
Commercial		$	—			$	—			$	—			$	—			$	—
Real estate:
Construction			—				—				—				—				—
Mortgage-residential			42				57				—				42				1
Mortgage-commercial			1,499				3,492				—				1,737				46
Consumer:
Home Equity			—				—				—				—				—
Other			—				—				—				—				—
With an allowance recorded:
Commercial			—				—				—				—				—
Real estate:
Construction			—				—				—				—				—
Mortgage-residential			—				—				—				—				—
Mortgage-commercial			—				—				—				—				—
Consumer:
Home Equity			—				—				—				—				—
Other			—				—				—				—				—
Total:
Commercial			—				—				—				—				—
Real estate:
Construction			—				—				—				—				—
Mortgage-residential			42				57				—				42				1
Mortgage-commercial			1,499				3,492				—				1,737				46
Consumer:
Home Equity			—				—				—				—				—
Other			—				—				—				—				—
Total		$	1,541			$	3,549			$	—			$	1,779			$	47

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 as pass rated loans. Based on the most recent analysis performed, the risk category of loans by class of loans is shown in the table below as of March 31, 2022 and December 31, 2021. As of March 31, 2022 and December 31, 2021, no loans were classified as doubtful.

Schedule of loan category and loan by risk categories

Loans (Details 4)

(Dollars in thousands)
March 31, 2022		Pass				Special Mention				Substandard				Doubtful				Total
Commercial, financial & agricultural		$	70,473			$	92			$	—			$	—			$	70,565
Real estate:			—				—				—
Construction			96,418				—				1				—				96,419
Mortgage – residential			42,246				377				52				—				42,675
Mortgage – commercial			620,089				1,002				6,530				—				627,621
Consumer:			—				—				—
Home Equity			26,347				175				1,190				—				27,712
Other			10,708				22				75				—				10,805
Total		$	866,281			$	1,668			$	7,848			$	—			$	875,797
(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

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

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

Loans (Details 5)

										Greater than
(Dollars in thousands)		30-59 Days				60-89 Days				90 Days and								Total
March 31, 2022		Past Due				Past Due				Accruing				Nonaccrual				Past Due				Current				Total Loans
Commercial		$	238			$	3			$	—			$	106			$	347			$	70,218			$	70,565
Real estate:
Construction			—				—				—				—				—				96,419				96,419
Mortgage-residential			71				—				4				42				117				42,558				42,675
Mortgage-commercial			—				—				—				0				—				627,621				627,621
Consumer:
Home equity			—				165				169				0				334				27,378				27,712
Other			2				—				1				—				3				10,802				10,805
Total		$	311			$	168			$	174			$	148			$	801			$	874,996			$	875,797

Schedule for changes in the accretable yield for PCI loans

A summary of changes in the accretable yield for purchased credit-impaired loans for the three months ended March 31, 2022 and March 31, 2021 are as follows:

Schedule for changes in the accretable yield for PCI loans 

Loans (Details 6)

(Dollars in thousands)		Three Months Ended March 31, 2022				Three Months Ended March 31, 2021
Accretable yield, beginning of period		$	64			$	93
Accretion			(8	)			(7	)
Accretable yield, end of period		$	56			$	86

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