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3. Loans (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Major classifications of loans

		December 31, 2019				December 31, 2018
Real estate loans:
Construction and land development		$	92,596				94,178
Single-family residential			269,475				252,983
Single-family residential -
Banco de la Gente non-traditional			30,793				34,261
Commercial			291,255				270,055
Multifamily and farmland			48,090				33,163
Total real estate loans			732,209				684,640
Loans not secured by real estate:
Commercial loans			100,263				97,465
Farm loans			1,033				926
Consumer loans			8,432				9,165
All other loans			7,937				11,827
Total loans			849,874				804,023
Less allowance for loan losses			6,680				6,445
Total net loans		$	843,194				797,578

Age analysis of past due loans, by loan type

		Loans 30-89 Days Past Due				Loans 90 or More Days Past Due				Total Past Due Loans				Total Current Loans				Total Loans				Accruing Loans 90 or More Days Past Due
Real estate loans:
Construction and land development		$	803				—				803				91,793				92,596				—
Single-family residential			3,000				126				3,126				266,349				269,475				—
Single-family residential -
Banco de la Gente non-traditional			4,834				413				5,247				25,546				30,793				—
Commercial			504				176				680				290,575				291,255				—
Multifamily and farmland			—				—				—				48,090				48,090				—
Total real estate loans			9,141				715				9,856				722,353				732,209				—
Loans not secured by real estate:
Commercial loans			432				—				432				99,831				100,263				—
Farm loans			—				—				—				1,033				1,033				—
Consumer loans			170				22				192				8,240				8,432				—
All other loans			—				—				—				7,937				7,937				—
Total loans		$	9,743				737				10,480				839,394				849,874				—

December 31, 2018

(Dollars in thousands)

		Loans 30-89 Days Past Due				Loans 90 or More Days Past Due				Total Past Due Loans				Total Current Loans				Total Loans				Accruing Loans 90 or More Days Past Due
Real estate loans:
Construction and land development		$	3				—				3				94,175				94,178				—
Single-family residential			4,162				570				4,732				248,251				252,983				—
Single-family residential -
Banco de la Gente non-traditional			4,627				580				5,207				29,054				34,261				—
Commercial			228				—				228				269,827				270,055				—
Multifamily and farmland			—				—				—				33,163				33,163				—
Total real estate loans			9,020				1,150				10,170				674,470				684,640				—
Loans not secured by real estate:
Commercial loans			445				90				535				96,930				97,465				—
Farm loans			—				—				—				926				926				—
Consumer loans			99				4				103				9,062				9,165				—
All other loans			—				—				—				11,827				11,827				—
Total loans		$	9,564				1,244				10,808				793,215				804,023				—

Non-accrual loans

		December 31, 2019				December 31, 2018
Real estate loans:
Construction and land development		$	—				1
Single-family residential			1,378				1,530
Single-family residential -
Banco de la Gente non-traditional			1,764				1,440
Commercial			256				244
Total real estate loans			3,398				3,215
Loans not secured by real estate:
Commercial loans			122				89
Consumer loans			33				10
Total		$	3,553				3,314

Impaired loans

		Unpaid Contractual Principal Balance				Recorded Investment With No Allowance				Recorded Investment With Allowance				Recorded Investment in Impaired Loans				Related Allowance				Average Outstanding Impaired Loans				YTD Interest Income Recognized
Real estate loans:
Construction and land development		$	183				—				183				183				7				231				12
Single-family residential			5,152				403				4,243				4,646				36				4,678				269
Single-family residential -
Banco de la Gente non-traditional			15,165				—				14,371				14,371				944				14,925				956
Commercial			1,879				—				1,871				1,871				7				1,822				91
Total impaired real estate loans			22,379				403				20,668				21,071				994				21,656				1,328
Loans not secured by real estate:
Commercial loans			180				92				84				176				—				134				9
Consumer loans			100				—				96				96				2				105				7
Total impaired loans		$	22,659				495				20,848				21,343				996				21,895				1,344

December 31, 2018

(Dollars in thousands)

		Unpaid Contractual Principal Balance				Recorded Investment With No Allowance				Recorded Investment With Allowance				Recorded Investment in Impaired Loans				Related Allowance				Average Outstanding Impaired Loans				YTD Interest Income Recognized
Real estate loans:
Construction and land development		$	281				—				279				279				5				327				19
Single-family residential			5,059				422				4,188				4,610				32				6,271				261
Single-family residential -
Banco de la Gente non-traditional			16,424				—				15,776				15,776				1,042				14,619				944
Commercial			1,995				—				1,925				1,925				17				2,171				111
Total impaired real estate loans			23,759				422				22,168				22,590				1,096				23,388				1,335
Loans not secured by real estate:
Commercial loans			251				89				1				90				—				96				—
Consumer loans			116				—				113				113				2				137				7
Total impaired loans		$	24,126				511				22,282				22,793				1,098				23,621				1,342

December 31, 2017

(Dollars in thousands)

		Unpaid Contractual Principal Balance				Recorded Investment With No Allowance				Recorded Investment With Allowance				Recorded Investment in Impaired Loans				Related Allowance				Average Outstanding Impaired Loans				YTD Interest Income Recognized
Real estate loans:
Construction and land development		$	282				—				277				277				6				253				17
Single-family residential			5,226				1,135				3,686				4,821				41				5,113				265
Single-family residential -
Banco de la Gente non-traditional			17,360				—				16,805				16,805				1,149				16,867				920
Commercial			2,761				807				1,661				2,468				1				3,411				148
Multifamily and farmland			78				—				12				12				—				28				—
Total impaired real estate loans			25,707				1,942				22,441				24,383				1,197				25,672				1,350
Loans not secured by real estate:
Commercial loans			264				100				4				104				—				149				3
Farm loans (non RE)											—
Consumer loans			158				—				154				154				2				194				9
All other loans (not secured by real estate)			—				—				—				—				—				—				—
Total impaired loans		$	26,129				2,042				22,599				24,641				1,199				26,015				1,362

Fair value measurements for mortgage loans held for sale, impaired loans and other real estate on a non-recurring basis

		Fair Value Measurements December 31, 2019				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
Mortgage loans held for sale		$	4,417				—				—				4,417
Impaired loans		$	20,347				—				—				20,347
Other real estate		$	—				—				—				—

(Dollars in thousands)

		Fair Value Measurements December 31, 2018				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
Mortgage loans held for sale		$	680				—				—				680
Impaired loans		$	21,695				—				—				21,695
Other real estate		$	27				—				—				27

Changes in the allowance for loan losses

			Real Estate Loans
			Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente Non-traditional				Commercial				Multifamily and Farmland				Commercial				Farm				Consumer and All Other				Unallocated				Total
Allowance for loan losses:
Beginning balance		$	813				1,325				1,177				1,278				83				626				—				161				982				6,445
Charge-offs			(21	)			(42	)			—				(1	)			—				(389	)			—				(623	)			—				(1,076	)
Recoveries			45				66				—				49				—				83				—				205				—				448
Provision			(143	)			(75	)			(104	)			(21	)			37				368				—				395				406				863
Ending balance		$	694				1,274				1,073				1,305				120				688				—				138				1,388				6,680
Ending balance: individually
evaluated for impairment		$	2				6				925				4				—				—				—				—				—				937
Ending balance: collectively
evaluated for impairment			692				1,268				148				1,301				120				688				—				138				1,388				5,743
Ending balance		$	694				1,274				1,073				1,305				120				688				—				138				1,388				6,680
Loans:
Ending balance		$	92,596				269,475				30,793				291,255				48,090				100,263				1,033				16,369				—				849,874
Ending balance: individually
evaluated for impairment		$	10				1,697				12,899				1,365				—				92				—				—				—				16,063
Ending balance: collectively
evaluated for impairment		$	92,586				267,778				17,894				289,890				48,090				100,171				1,033				16,369				—				833,811

Changes in the allowance for loan losses for the year ended December 31, 2018 were as follows:

(Dollars in thousands)

			Real Estate Loans
			Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente Non-traditional				Commercial				Multifamily and Farmland				Commercial				Farm				Consumer and All Other				Unallocated				Total
Allowance for loan losses:
Beginning balance		$	804				1,812				1,280				1,193				72				574				—				155				476				6,366
Charge-offs			(53	)			(116	)			—				(453	)			(5	)			(54	)			—				(452	)			—				(1,133	)
Recoveries			10				106				—				105				1				32				—				168				—				422
Provision			52				(477	)			(103	)			433				15				74				—				290				506				790
Ending balance		$	813				1,325				1,177				1,278				83				626				—				161				982				6,445
Ending balance: individually
evaluated for impairment		$	—				—				1,023				15				—				—				—				—				—				1,038
Ending balance: collectively
evaluated for impairment			813				1,325				154				1,263				83				626				—				161				982				5,407
Ending balance		$	813				1,325				1,177				1,278				83				626				—				161				982				6,445
Loans:
Ending balance		$	94,178				252,983				34,261				270,055				33,163				97,465				926				20,992				—				804,023
Ending balance: individually
evaluated for impairment		$	96				1,779				14,310				1,673				—				89				—				—				—				17,947
Ending balance: collectively
evaluated for impairment		$	94,082				251,204				19,951				268,382				33,163				97,376				926				20,992				—				786,076

Changes in the allowance for loan losses for the year ended December 31, 2017 were as follows:

(Dollars in thousands)

			Real Estate Loans
			Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente Non-traditional				Commercial				Multifamily and Farmland				Commercial				Farm				Consumer and All Other				Unallocated				Total
Allowance for loan losses:
Beginning balance		$	1,152				2,126				1,377				1,593				52				675				—				204				371				7,550
Charge-offs			—				(249	)			—				—				(66	)			(194	)			—				(473	)			—				(982	)
Recoveries			14				85				—				21				—				31				—				154				—				305
Provision			(362	)			(150	)			(97	)			(421	)			86				62				—				270				105				(507	)
Ending balance		$	804				1,812				1,280				1,193				72				574				—				155				476				6,366
Ending balance: individually
evaluated for impairment		$	—				—				1,093				37				—				—				—				—				—				1,130
Ending balance: collectively
evaluated for impairment			804				1,812				187				1,156				72				574				—				155				476				5,236
Ending balance		$	804				1,812				1,280				1,193				72				574				—				155				476				6,366
Loans:
Ending balance		$	84,987				246,703				37,249				248,637				28,937				89,022				1,204				23,025				—				759,764
Ending balance: individually
evaluated for impairment		$	98				1,855				15,460				2,251				—				100				—				—				—				19,764
Ending balance: collectively
evaluated for impairment		$	84,889				244,848				21,789				246,386				28,937				88,922				1,204				23,025				—				740,000

Credit risk profile of each loan type based on internally assigned risk grade

December 31, 2019

(Dollars in thousands)

			Real Estate Loans
			Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente non-traditional				Commercial				Multifamily and Farmland				Commercial				Farm				Consumer				All Other				Total
1- Excellent Quality		$	—				8,819				—				—				—				330				—				693				—				9,842
2- High Quality			32,029				128,757				—				21,829				256				20,480				—				2,708				1,860				207,919
3- Good Quality			52,009				107,246				12,103				231,003				42,527				72,417				948				4,517				5,352				528,122
4- Management Attention			5,487				18,409				13,737				35,095				4,764				6,420				85				458				725				85,180
5- Watch			3,007				3,196				2,027				3,072				543				492				—				8				—				12,345
6- Substandard			64				3,048				2,926				256				—				124				—				48				—				6,466
7- Doubtful			—				—				—				—				—				—				—				—				—				—
8- Loss			—				—				—				—				—				—				—				—				—				—
Total		$	92,596				269,475				30,793				291,255				48,090				100,263				1,033				8,432				7,937				849,874

December 31, 2018

(Dollars in thousands)

			Real Estate Loans
			Construction and Land Development				Single-Family Residential				Single-Family Residential - Banco de la Gente Non-traditional				Commercial				Multifamily and Farmland				Commercial				Farm				Consumer				All Other				Total
1- Excellent Quality		$	504				5,795				—				—				—				605				—				673				—				7,577
2- High Quality			24,594				128,588				—				25,321				395				20,520				—				3,229				2,145				204,792
3- Good Quality			59,549				92,435				13,776				211,541				27,774				69,651				785				4,699				8,932				489,142
4- Management Attention			5,707				19,200				15,012				30,333				3,906				6,325				141				529				750				81,903
5- Watch			3,669				3,761				2,408				2,616				1,088				264				—				18				—				13,824
6- Substandard			155				3,204				3,065				244				—				100				—				17				—				6,785
7- Doubtful			—				—				—				—				—				—				—				—				—				—
8- Loss			—				—				—				—				—				—				—				—				—				—
Total		$	94,178				252,983				34,261				270,055				33,163				97,465				926				9,165				11,827				804,023

Analysis of TDR loans by loan type

		Number of Contracts				Pre-Modification Outstanding Recorded Investment				Post-Modification Outstanding Recorded Investment
Real estate loans:
Single-family residential			2			$	94				94
Total TDR loans			2			$	94				94

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