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3. Loans (Tables)

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Major classifications of loans

		March 31, 2021				December 31, 2020
Real estate loans:
Construction and land development		$	87,878				94,124
Single-family residential			264,356				272,325
Single-family residential -
Banco de la Gente non-traditional			26,278				26,883
Commercial			337,943				332,971
Multifamily and farmland			57,914				48,880
Total real estate loans			774,369				775,183
Loans not secured by real estate:
Commercial loans			160,892				161,740
Farm loans			860				855
Consumer loans			6,778				7,113
All other loans			3,598				3,748
Total loans			946,497				948,639
Less allowance for loan losses			9,532				9,908
Total net loans		$	936,965				938,731

Age analysis of past due loans, by loan type

March 31, 2021

(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		$	434				—				434				87,444				87,878				—
Single-family residential			2,314				67				2,381				261,975				264,356				—
Single-family residential -
Banco de la Gente non-traditional			2,709				48				2,757				23,521				26,278				—
Commercial			713				—				713				337,230				337,943				—
Multifamily and farmland			—				—				—				57,914				57,914				—
Total real estate loans			6,170				115				6,285				768,084				774,369				—
Loans not secured by real estate:
Commercial loans			144				—				144				160,748				160,892				—
Farm loans			—				—				—				860				860				—
Consumer loans			33				2				35				6,743				6,778				—
All other loans			—				—				—				3,598				3,598				—
Total loans		$	6,347				117				6,464				940,033				946,497				—

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				—

Non-accrual loans

		March 31, 2021				December 31, 2020
Real estate loans:
Single-family residential		$	1,207				1,266
Single-family residential -
Banco de la Gente non-traditional			1,665				1,709
Commercial			429				440
Multifamily and farmland			115				117
Total real estate loans			3,416				3,532
Loans not secured by real estate:
Commercial loans			141				212
Consumer loans			9				14
Total		$	3,566				3,758

Impaired loans

March 31, 2021

(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		$	104				—				104				104				4				106				2
Single-family residential			4,837				278				4,248				4,526				30				5,490				60
Single-family residential -
Banco de la Gente non-traditional			13,162				—				12,575				12,575				843				11,832				177
Commercial			2,966				1,071				1,865				2,936				14				2,955				36
Multifamily and farmland			118				—				115				115				—				116				1
Total impaired real estate loans			21,187				1,349				18,907				20,256				891				20,499				276
Loans not secured by real estate:
Commercial loans			430				141				231				372				4				413				6
Consumer loans			24				—				19				19				—				28				1
Total impaired loans		$	21,641				1,490				19,157				20,647				895				20,940				283

The following table presents impaired loans as of and for the year ended December 31, 2020:

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

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
Three months ended March 31, 2021
Allowance for loan losses:
Beginning balance		$	1,196				1,843				1,052				2,212				122				1,345				—				128				2,010				9,908
Charge-offs			—				—				—				—				—				—				—				(85	)			—				(85	)
Recoveries			50				60				—				12				—				3				—				39				—				164
Provision			(185	)			(53	)			(19	)			28				23				(104	)			—				9				(154	)			(455	)
Ending balance		$	1,061				1,850				1,033				2,252				145				1,244				—				91				1,856				9,532
Allowance for loan losses March 31, 2021
Ending balance: individually
evaluated for impairment		$	2				4				826				8				—				—				—				—				—				840
Ending balance: collectively
evaluated for impairment			1,059				1,846				207				2,244				145				1,244				—				91				1,856				8,692
Ending balance		$	1,061				1,850				1,033				2,252				145				1,244				—				91				1,856				9,532
Loans March 31, 2021:
Ending balance		$	87,878				264,356				26,278				337,943				57,914				160,892				860				10,376				—				946,497
Ending balance: individually
evaluated for impairment		$	7				1,444				11,193				2,098				—				141				—				—				—				14,883
Ending balance: collectively
evaluated for impairment		$	87,871				262,912				15,085				335,845				57,914				160,751				860				10,376				—				931,614

(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

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

March 31, 2021

(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		$	—				5,196				—				—				—				436				—				701				—				6,333
2- High Quality			10,147				113,727				—				39,402				20				16,955				—				2,150				1,486				183,887
3- Good Quality			71,651				119,255				9,856				249,646				54,014				132,296				839				3,540				1,420				642,517
4- Management Attention			3,413				19,477				11,998				37,337				3,196				8,761				21				345				692				85,240
5- Watch			2,586				3,633				1,883				10,684				569				2,248				—				5				—				21,608
6- Substandard			81				3,068				2,541				874				115				196				—				37				—				6,912
7- Doubtful			—				—				—				—				—				—				—				—				—				—
8- Loss			—				—				—				—				—				—				—				—				—				—
Total		$	87,878				264,356				26,278				337,943				57,914				160,892				860				6,778				3,598				946,497

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

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