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3. Loans (Tables)

12 Months Ended

Dec. 31, 2020

Receivables [Abstract]

Major classifications of loans

		December 31, 2020				December 31, 2019
Real estate loans:
Construction and land development		$	94,124				92,596
Single-family residential			272,325				269,475
Single-family residential -
Banco de la Gente non-traditional			26,883				30,793
Commercial			332,971				291,255
Multifamily and farmland			48,880				48,090
Total real estate loans			775,183				732,209
Loans not secured by real estate:
Commercial loans			161,740				100,263
Farm loans			855				1,033
Consumer loans			7,113				8,432
All other loans			3,748				7,937
Total loans			948,639				849,874
Less allowance for loan losses			9,908				6,680
Total net loans		$	938,731				843,194

Age analysis of past due loans, by loan type

December 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		$	298				-				298				93,826				94,124				-
Single-family residential			3,660				270				3,930				268,395				272,325				-
Single-family residential -
Banco de la Gente non-traditional			3,566				105				3,671				23,212				26,883				-
Commercial			36				-				36				332,935				332,971				-
Multifamily and farmland			-				-				-				48,880				48,880				-
Total real estate loans			7,560				375				7,935				767,248				775,183				-
Loans not secured by real estate:
Commercial loans			-				-				-				161,740				161,740				-
Farm loans			-				-				-				855				855				-
Consumer loans			45				2				47				7,066				7,113				-
All other loans			-				-				-				3,748				3,748				-
Total loans		$	7,605				377				7,982				940,657				948,639				-

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

		December 31, 2020				December 31, 2019
Real estate loans:
Construction and land development		$	-				-
Single-family residential			1,266				1,378
Single-family residential -
Banco de la Gente non-traditional			1,709				1,764
Commercial			440				256
Multifamily and farmland			117				-
Total real estate loans			3,532				3,398
Loans not secured by real estate:
Commercial loans			212				122
Consumer loans			14				33
Total		$	3,758				3,553

Impaired loans

December 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		$	108				-				108				108				4				134				8
Single-family residential			5,302				379				4,466				4,845				33				4,741				262
Single-family residential -
Banco de la Gente non-traditional			13,417				-				12,753				12,753				862				13,380				798
Commercial			2,999				1,082				1,891				2,973				14				2,940				139
Multifamily and farmland			119				-				117				117				-				29				6
Total impaired real estate loans			21,945				1,461				19,335				20,796				913				21,224				1,213
Loans not secured by real estate:
Commercial loans			515				211				244				455				5				564				32
Consumer loans			41				-				37				37				1				60				5
Total impaired loans		$	22,501				1,672				19,616				21,288				919				21,848				1,250

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

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

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, 2020				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
Mortgage loans held for sale		$	9,139				-				-				9,139
Impaired loans		$	20,369				-				-				20,369
Other real estate		$	128				-				-				128

		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		$	-				-				-				-

		Fair Value December 31, 2020				Fair Value December 31, 2019			Valuation Technique		Significant Unobservable Inputs			General Range of Significant Unobservable Input Values
Mortgage loans held for sale		$	9,139				4,417		Rate lock commitment		N/A				N/A
Impaired loans		$	20,369				20,347		Appraised value and discounted cash flows		Discounts to reflect current market conditions and ultimate collectability				0 - 25	%
Other real estate		$	128				-		Appraised value		Discounts to reflect current market conditions and estimated costs to sell				0 - 25	%

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		$	694				1,274				1,073				1,305				120				688				-				138				1,388				6,680
Charge-offs			(5	)			(65	)			-				(7	)			-				(903	)			-				(434	)			-				(1,414	)
Recoveries			36				70				-				70				-				34				-				173				-				383
Provision			471				564				(21	)			844				2				1,526				-				251				622				4,259
Ending balance		$	1,196				1,843				1,052				2,212				122				1,345				-				128				2,010				9,908
Ending balance: individually
evaluated for impairment		$	1				4				844				8				-				-				-				-				-				857
Ending balance: collectively
evaluated for impairment			1,195				1,839				208				2,204				122				1,345				-				128				2,010				9,051
Ending balance		$	1,196				1,843				1,052				2,212				122				1,345				-				128				2,010				9,908
Loans:
Ending balance		$	94,124				272,325				26,883				332,971				48,880				161,740				855				10,861				-				948,639
Ending balance: individually
evaluated for impairment		$	7				1,558				11,353				2,118				-				212				-				-				-				15,248
Ending balance: collectively
evaluated for impairment		$	94,117				270,767				15,530				330,853				48,880				161,528				855				10,861				-				933,391

Changes in the allowance for loan losses for the year ended December 31, 2019 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		$	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

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

December 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		$	228				9,867				-				-				-				406				-				678				-				11,179
2- High Quality			9,092				121,331				-				40,569				22				19,187				-				2,237				1,563				194,001
3- Good Quality			76,897				115,109				10,170				241,273				44,890				128,727				832				3,826				1,477				623,201
4- Management Attention			4,917				20,012				12,312				39,370				3,274				11,571				23				336				708				92,523
5- Watch			2,906				2,947				1,901				10,871				694				1,583				-				6				-				20,908
6- Substandard			84				3,059				2,500				888				-				266				-				30				-				6,827
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	94,124				272,325				26,883				332,971				48,880				161,740				855				7,113				3,748				948,639

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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