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Loan Quality And Allowance For Loan Losses (Tables)

3 Months Ended

Mar. 31, 2022

Loan Quality And Allowance For Loan Losses [Abstract]

Allowance For Loan Losses, By Loan Segment

The following table presents, by class, the activity in the Allowance for Loan Losses (ALL) for the periods shown:

		Residential Real Estate 1-4 Family
		First			Junior Liens &						Commercial
(Dollars in thousands)		Liens			Lines of Credit			Construction			Real Estate			Commercial			Consumer			Unallocated			Total
ALL at December 31, 2021		$	475		$	252		$	325		$	8,168		$	5,127		$	130		$	589		$	15,066
Charge-offs			(20)			—			—			—			(1)			(24)			—			(45)
Recoveries			15			1			—			—			5			8			—			29
Provision			10			—			4			(206)			52			11			129			—
ALL at March 31, 2022		$	480		$	253		$	329		$	7,962		$	5,183		$	125		$	718		$	15,050
ALL at December 31, 2020		$	555		$	226		$	294		$	9,163		$	5,679		$	97		$	775		$	16,789
Charge-offs			—			—			—			(13)			(5)			(18)			—			(36)
Recoveries			—			169			—			—			7			7			—			183
Provision			(108)			(184)			24			(365)			(208)			27			14			(800)
ALL at March 31, 2021		$	447		$	211		$	318		$	8,785		$	5,473		$	113		$	789		$	16,136

The following table presents, by class, loans that were evaluated for the ALL under the specific reserve (individually) and those that were evaluated under the general reserve (collectively) and the amount of the ALL established in each class as of the periods shown:

		Residential Real Estate 1-4 Family
		First			Junior Liens &						Commercial
(Dollars in thousands)		Liens			Lines of Credit			Construction			Real Estate			Commercial			Consumer			Unallocated			Total
March 31, 2022
Loans evaluated for ALL:
Individually		$	651		$	—		$	422		$	10,293		$	—		$	—		$	—		$	11,366
Collectively			133,409			72,318			21,010			513,845			243,008			6,021			—			989,611
Total		$	134,060		$	72,318		$	21,432		$	524,138		$	243,008		$	6,021		$	—		$	1,000,977
ALL established for ‎  loans evaluated:
Individually		$	—		$	—		$	—		$	662		$	—		$	—		$	—		$	662
Collectively			480			253			329			7,300			5,183			125			718			14,388
ALL at March 31, 2022		$	480		$	253		$	329		$	7,962		$	5,183		$	125		$	718		$	15,050
December 31, 2021
Loans evaluated for ALL:
Individually		$	661		$	—		$	424		$	10,520		$	—		$	—		$	—		$	11,605
Collectively			131,822			71,944			20,233			512,259			244,543			6,406			—			987,207
Total		$	132,483		$	71,944		$	20,657		$	522,779		$	244,543		$	6,406		$	—		$	998,812
ALL established for ‎  loans evaluated:
Individually		$	—		$	—		$	—		$	698		$	—		$	—		$	—		$	698
Collectively			475			252			325			7,470			5,127			130			589			14,368
ALL at December 31, 2021		$	475		$	252		$	325		$	8,168		$	5,127		$	130		$	589		$	15,066

Impaired Financing Receivables

The following table shows additional information about those loans considered to be impaired as of the periods shown:

		Impaired Loans
		With No Allowance						With Allowance
(Dollars in thousands)					Unpaid						Unpaid
		Recorded			Principal			Recorded			Principal			Related
March 31, 2022		Investment			Balance			Investment			Balance			Allowance
Residential Real Estate 1-4 Family
First liens		$	651		$	651		$	—		$	—		$	—
Junior liens and lines of credit			—			—			—			—			—
Total			651			651			—			—			—
Residential real estate - construction			422			531			—			—			—
Commercial real estate			4,751			5,224			5,542			5,796			662
Commercial			—			—			—			—			—
Total		$	5,824		$	6,406		$	5,542		$	5,796		$	662

December 31, 2021
Residential Real Estate 1-4 Family
First liens		$	661		$	661		$	—		$	—		$	—
Junior liens and lines of credit			—			—			—			—			—
Total			661			661			—			—			—
Residential real estate - construction			424			729			—			—			—
Commercial real estate			4,942			5,405			5,578			5,764			698
Commercial			—			—			—			—			—
Total		$	6,027		$	6,795		$	5,578		$	5,764		$	698

The following table shows the average balance of impaired loans and related interest income for the periods shown:

		Three Months Ended
		March 31, 2022
		Average			Interest
(Dollars in thousands)		Recorded			Income
		Investment			Recognized
Residential Real Estate 1-4 Family
First liens		$	656		$	7
Junior liens and lines of credit			—			—
Total			656			7
Residential real estate - construction			423			—
Commercial real estate			10,256			43
Commercial			—			—
Total		$	11,335		$	50
		Three Months Ended
		March 31, 2021
		Average			Interest
(Dollars in thousands)		Recorded			Income
		Investment			Recognized
Residential Real Estate 1-4 Family
First liens		$	634		$	8
Junior liens and lines of credit			—			—
Total			634			8
Residential real estate - construction			512			—
Commercial real estate			16,043			91
Commercial			—			—
Total		$	17,189		$	99

Aging Of Payments Of The Loan Portfolio

At March 31, 2022, the Bank had $38.0 thousand of residential properties in the process of foreclosure compared to $38.0 thousand at the end of 2021. The following table presents the aging of payments of the loan portfolio:

(Dollars in thousands)					Loans Past Due and Still Accruing															Total
		Current			30-59 Days			60-89 Days			90 Days+			Total			Non-Accrual			Loans
March 31, 2022
Residential Real Estate 1-4 Family
First liens		$	133,720		$	204		$	120		$	16		$	340		$	—		$	134,060
Junior liens and lines of credit			72,265			12			3			—			15			38			72,318
Total			205,985			216			123			16			355			38			206,378
Residential real estate - construction			21,010			—			—			—			—			422			21,432
Commercial real estate			516,816			446			—			—			446			6,876			524,138
Commercial			242,688			260			—			—			260			60			243,008
Consumer			6,007			8			2			4			14			—			6,021
Total		$	992,506		$	930		$	125		$	20		$	1,075		$	7,396		$	1,000,977

December 31, 2021
Residential Real Estate 1-4 Family
First liens		$	132,224		$	96		$	113		$	—		$	209		$	50		$	132,483
Junior liens and lines of credit			71,788			118			—			—			118			38			71,944
Total			204,012			214			113			—			327			88			204,427
Residential real estate - construction			20,233			—			—			—			—			424			20,657
Commercial real estate			515,487			293			187			—			480			6,812			522,779
Commercial			244,377			106			—			—			106			60			244,543
Consumer			6,368			27			11			—			38			—			6,406
Total		$	990,477		$	640		$	311		$	—		$	951		$	7,384		$	998,812

Internal Credit Rating For The Loan Portfolio

The following table reports the risk rating for those loans in the portfolio that are assigned an individual risk rating. Consumer purpose loans are assigned a rating of either pass or substandard based on the performance status of the loans. Substandard consumer loans are comprised of loans 90 days or more past due and still accruing, and nonaccrual loans. Commercial purpose loans may be assigned any rating in accordance with the Bank’s internal risk rating system.

	Pass			OAEM			Substandard			Doubtful
(Dollars in thousands)	(1-5)			(6)			(7)			(8)			Total
March 31, 2022
Residential Real Estate 1-4 Family
First liens	$	134,060		$	—		$	—		$	—		$	134,060
Junior liens and lines of credit		72,280			—			38			—			72,318
Total		206,340			—			38			—			206,378
Residential real estate - construction		21,010			—			422			—			21,432
Commercial real estate		488,884			18,722			16,532			—			524,138
Commercial		240,182			2,647			179			—			243,008
Consumer		6,021			—			—			—			6,021
Total	$	962,437		$	21,369		$	17,171		$	—		$	1,000,977

December 31, 2021
Residential Real Estate 1-4 Family
First liens	$	132,433		$	—		$	50		$	—		$	132,483
Junior liens and lines of credit		71,906			—			38			—			71,944
Total		204,339			—			88			—			204,427
Residential real estate - construction		20,233			—			424			—			20,657
Commercial real estate		486,903			19,006			16,870			—			522,779
Commercial		244,315			49			179			—			244,543
Consumer		6,406			—			—			—			6,406
Total	$	962,196		$	19,055		$	17,561		$	—		$	998,812

Troubled Debt Restructuring Loans

The following table presents information on the Bank’s Troubled Debt Restructuring (TDR) loans as of:

													Troubled Debt Restructurings
													Within the Last 12 Months
													That Have Defaulted
(Dollars in thousands)		Troubled Debt Restructurings											On Modified Terms
		Number of		Recorded									Number of		Recorded
		Contracts		Investment			Performing*			Nonperforming*			Contracts		Investment
March 31, 2022
Residential real estate - construction		1		$	422		$	—		$	422		—		$	—
Residential real estate		5			650			650			—		—			—
Commercial real estate - owner occupied		4			1,147			1,147			—		—			—
Commercial real estate - farm land		4			1,496			1,496			—		—			—
Commercial real estate - construction and land development		1			1,360			1,360			—		—			—
Commercial real estate		2			287			98			189		—			—
Total		17		$	5,362		$	4,751		$	611		—		$	—
December 31, 2021
Residential real estate - construction		1		$	424		$	—		$	424		—		$	—
Residential real estate		5			661			661			—		—			—
Commercial real estate - owner occupied		4			1,161			1,161			—		—			—
Commercial real estate - farm land		4			1,664			1,664			—		—			—
Commercial real estate - construction and land development		1			1,360			1,360			—		—			—
Commercial real estate		2			294			294			—		—			—
Total		17		$	5,564		$	5,140		$	424		—		$	—

*The performing status is determined by the loan’s compliance with the modified terms.

‎

There were no new TDR loans during the first quarter of 2022.

The following table reports new TDR loans during 2021, concession granted and the recorded investment as of March 31, 2022:

New During Period

Twelve Months Ended

Number of

Pre-TDR

After-TDR

Recorded

December 31, 2021

Contracts

Modification

Modification

Investment

Concession

Residential real estate

1

$

41

$

50

$

47

multiple

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