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3. Loans (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Major classifications of loans

(Dollars in thousands)
		March 31, 2020				December 31, 2019
Real estate loans:
Construction and land development		$	105,939				92,596
Single-family residential			271,489				269,475
Single-family residential -
Banco de la Gente non-traditional			29,887				30,793
Commercial			301,490				291,255
Multifamily and farmland			48,191				48,090
Total real estate loans			756,996				732,209
Loans not secured by real estate:
Commercial loans			104,221				100,263
Farm loans			1,044				1,033
Consumer loans			8,241				8,432
All other loans			10,062				7,937
Total loans			880,564				849,874
Less allowance for loan losses			8,112				6,680
Total net loans		$	872,452				843,194

Age analysis of past due loans, by loan type

March 31, 2020
(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		$	1,055				—				1,055				104,884				105,939				—
Single-family residential			5,559				268				5,827				265,662				271,489				34
Single-family residential -
Banco de la Gente non-traditional			5,366				455				5,821				24,066				29,887				—
Commercial			1,526				175				1,701				299,789				301,490				—
Multifamily and farmland			—				—				—				48,191				48,191				—
Total real estate loans			13,506				898				14,404				742,592				756,996				34
Loans not secured by real estate:
Commercial loans			702				254				956				103,265				104,221				—
Farm loans			93				—				93				951				1,044				—
Consumer loans			119				3				122				8,119				8,241				—
All other loans			—				—				—				10,062				10,062				—
Total loans		$	14,420				1,155				15,575				864,989				880,564				34

December 31, 2019
(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		$	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				—

Non-accrual loans

(Dollars in thousands)
		March 31, 2020				December 31, 2019
Real estate loans:
Construction and land development		$	—				—
Single-family residential			1,132				1,378
Single-family residential -
Banco de la Gente non-traditional			1,946				1,764
Commercial			476				256
Total real estate loans			3,554				3,398
Loans not secured by real estate:
Commercial loans			378				122
Consumer loans			34				33
Total		$	3,966				3,553

Impaired loans

March 31, 2020
(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		$	180				—				180				180				8				182				3
Single-family residential			5,027				397				4,189				4,586				36				4,615				58
Single-family residential -
Banco de la Gente non-traditional			14,767				1,034				12,930				13,964				926				14,168				228
Commercial			3,260				—				3,243				3,243				19				2,557				29
Multifamily and farmland			—				—				—				—				—				—				—
Total impaired real estate loans			23,234				1,431				20,542				21,973				989				21,522				318
Loans not secured by real estate:
Commercial loans			702				90				606				696				35				436				9
Consumer loans			92				—				87				87				2				91				2
Total impaired loans		$	24,028				1,521				21,235				22,756				1,026				22,049				329

December 31, 2019
(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		$	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

Changes in the allowance for loan losses

(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
Three months ended March 31, 2020
Allowance for loan losses:
Beginning balance		$	694				1,274				1,073				1,305				120				688				—				138				1,388				6,680
Charge-offs			(5	)			—				—				(7	)			—				(31	)			—				(167	)			—				(210	)
Recoveries			2				16				—				23				—				25				—				55				—				121
Provision			602				423				11				478				(2	)			335				—				154				(480	)			1,521
Ending balance		$	1,293				1,713				1,084				1,799				118				1,017				—				180				908				8,112
Allowance for loan losses March 31, 2020
Ending balance: individually evaluated for impairment		$	2				6				906				9				—				29				—				—				—				952
Ending balance: collectively evaluated for impairment			1,291				1,707				178				1,790				118				988				—				180				908				7,160
Ending balance		$	1,293				1,713				1,084				1,799				118				1,017				—				180				908				8,112
Loans March 31, 2020:
Ending balance		$	105,939				271,489				29,887				301,490				48,191				104,221				1,044				18,303				—				880,564
Ending balance: individually evaluated for impairment		$	8				1,678				12,489				2,095				—				344				—				—				—				16,614
Ending balance: collectively evaluated for impairment		$	105,931				269,811				17,398				299,395				48,191				103,877				1,044				18,303				—				863,950

(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
Three months ended March 31, 2019
Allowance for loan losses:
Beginning balance		$	813				1,325				1,177				1,278				83				626				—				161				982				6,445
Charge-offs			—				(13	)			—				—				—				(1	)			—				(150	)			—				(164	)
Recoveries			1				48				—				4				—				6				—				43				—				102
Provision			17				(104	)			(3	)			10				15				(21	)			—				108				156				178
Ending balance		$	831				1,256				1,174				1,292				98				610				—				162				1,138				6,561
Allowance for loan losses March 31, 2019
Ending balance: individually
evaluated for impairment		$	—				2				1,008				13				—				—				—				—				—				1,023
Ending balance: collectively
evaluated for impairment			831				1,254				166				1,279				98				610				—				162				1,138				5,538
Ending balance		$	831				1,256				1,174				1,292				98				610				—				162				1,138				6,561
Loans March 31, 2019:
Ending balance		$	95,219				255,338				33,717				278,619				39,106				101,572				984				19,002				—				823,557
Ending balance: individually
evaluated for impairment		$	95				1,758				14,127				1,658				—				63				—				—				—				17,701
Ending balance: collectively
evaluated for impairment		$	95,124				253,580				19,590				276,961				39,106				101,509				984				19,002				—				805,856

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

March 31, 2020
(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		$	65				8,378				—				—				—				353				—				672				—				9,468
2- High Quality			33,845				129,848				—				22,109				220				20,070				—				2,523				1,785				210,400
3- Good Quality			63,525				108,720				11,685				237,118				42,810				75,457				964				4,558				7,557				552,394
4- Management Attention			5,454				18,167				13,351				38,116				4,626				7,625				80				435				720				88,574
5- Watch			2,988				3,405				1,938				3,289				535				288				—				8				—				12,451
6- Substandard			62				2,971				2,913				858				—				428				—				45				—				7,277
7- Doubtful			—				—				—				—				—				—				—				—				—				—
8- Loss			—				—				—				—				—				—				—				—				—				—
Total		$	105,939				271,489				29,887				301,490				48,191				104,221				1,044				8,241				10,062				880,564

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

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