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Loans | 12 Months Ended
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Dec. 31, 2020
Loans And Leases Receivable Disclosure [Abstract] |
Loans | NOTE 3. Loans The composition of loans at December 31, 2020 and 2019 was as follows:
|  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (in thousands) |
Mortgage loans on real estate: |  |  |  |  |  |  |  |
Construction and land development |  | $ | 42,544 |  |  | $ | 42,561 |
Secured by farmland |  |  | 15,846 |  |  |  | 13,917 |
Secured by 1-4 family residential properties |  |  | 248,246 |  |  |  | 219,580 |
Multifamily |  |  | 21,496 |  |  |  | 14,415 |
Commercial |  |  | 334,661 |  |  |  | 286,600 |
Commercial and industrial loans |  |  | 140,762 |  |  |  | 46,543 |
Consumer installment loans |  |  | 21,321 |  |  |  | 9,541 |
All other loans |  |  | 10,773 |  |  |  | 12,050 |
Total loans |  | $ | 835,649 |  |  | $ | 645,207 |
Net deferred loan costs (fees) |  |  | 685 |  |  |  | (447 | )
Allowance for loan losses |  |  | (7,096 | ) |  |  | (4,973 | )
|  | $ | 829,238 |  |  | $ | 639,787 |

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- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2196816 + Details
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