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Loans (Tables)

6 Months Ended

Jun. 30, 2021

Loans

Major classifications of loans

(Dollars in thousands)
		June 30, 2021				December 31, 2020
Real estate loans:
Construction and land development		$	90,579				94,124
Single-family residential			257,901				272,325
Single-family residential - Banco de la Gente non-traditional			25,198				26,883
Commercial			340,216				332,971
Multifamily and farmland			59,142				48,880
Total real estate loans			773,036				775,183
Loans not secured by real estate:
Commercial loans			104,506				161,740
Farm loans			742				855
Consumer loans			6,519				7,113
All other loans			3,557				3,748
Total loans			888,360				948,639
Less allowance for loan losses			(9,287	)			(9,908	)
Total net loans		$	879,073				938,731

Summary of Age analysis of past due loans

June 30, 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		$	49				-				49				90,530				90,579				-
Single-family residential			1,114				44				1,158				256,743				257,901				-
Single-family residential -
Banco de la Gente non-traditional			306				41				347				24,851				25,198				-
Commercial			-				-				-				340,216				340,216				-
Multifamily and farmland			-				-				-				59,142				59,142				-
Total real estate loans			1,469				85				1,554				771,482				773,036				-
Loans not secured by real estate:
Commercial loans			110				-				110				104,396				104,506				-
Farm loans			-				-				-				742				742				-
Consumer loans			61				1				62				6,457				6,519				-
All other loans			-				-				-				3,557				3,557				-
Total loans		$	1,640				86				1,726				886,634				888,360				-

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

(Dollars in thousands)
		June 30, 2021				December 31, 2020
Real estate loans:
Single-family residential			1,273				1,266
Single-family residential -
Banco de la Gente non-traditional			1,516				1,709
Commercial			412				440
Multifamily and farmland			111				117
Total real estate loans			3,312				3,532
Loans not secured by real estate:
Commercial loans			59				212
Consumer loans			7				14
Total		$	3,378				3,758

Impaired loans

June 30, 2021
(Dollars in thousands)
		Unpaid Contractual Principal Balance				Recorded Investment With No Allowance				Recorded Investment With Allowance				Recorded Investment in Impaired Loans				Related Allowance
Real estate loans:
Construction and land development		$	78				-				78				78				3
Single-family residential			4,886				277				4,417				4,694				31
Single-family residential -
Banco de la Gente non-traditional			12,692				-				12,075				12,075				806
Commercial			2,466				441				1,987				2,428				15
Multifamily and farmland			116				-				111				111				-
Total impaired real estate loans			20,238				718				18,668				19,386				855
Loans not secured by real estate:
Commercial loans			319				59				199				258				3
Consumer loans			15				-				11				11				-
Total impaired loans		$	20,572				777				18,878				19,655				858

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				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

Schedule of average impaired loan losses

(Dollars in thousands)
		Three months ended																Six months ended
		June 30, 2021								June 30, 2020								June 30, 2021								June 30, 2020
		Average Balance				Interest Income Recognized				Average Balance				Interest Income Recognized				Average Balance				Interest Income Recognized				Average Balance				Interest Income Recognized
Real estate loans:
Construction and land development		$	91				1				157				4				97				3				166				7
Single-family residential			6,100				57				4,778				59				5,731				118				4,734				118
Single-family residential -
Banco de la Gente stated income			10,835				160				13,856				193				11,407				337				14,028				421
Commercial			2,682				29				3,115				43				2,779				64				2,700				72
Multifamily and farmland			113				1				-				-				114				2				-				-
Total impaired real estate loans			19,821				248				21,906				299				20,128				524				21,628				618
Loans not secured by real estate:
Commercial loans			315				5				643				6				362				11				487				15
Farm loans (non RE)			-				-				-				-								-				-				-
Consumer loans			15				-				77				1				22				1				83				2
Total impaired loans		$	20,151				253				22,626				306				20,512				536				22,198				635

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
Six months ended June 30, 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			-				-				-				-				-				(78	)			-				(158	)			-				(236	)
Recoveries			90				78				-				48				-				6				-				74				-				296
Provision			(248	)			(198	)			(72	)			(80	)			26				(277	)			-				45				123				(681	)
Ending balance		$	1,038				1,723				980				2,180				148				996				-				89				2,133				9,287
Three months ended June 30, 2021:
Allowance for loan losses:
Beginning balance		$	1,061				1,850				1,033				2,252				145				1,244				-				91				1,856				9,532
Charge-offs			-				-				-				-				-				(78	)			-				(73	)			-				(151	)
Recoveries			40				18				-				36				-				-				-				38				-				132
Provision			(63	)			(145	)			(53	)			(108	)			3				(170	)			-				33				277				(226	)
Ending balance		$	1,038				1,723				980				2,180				148				996				-				89				2,133				9,287
Allowance for loan losses at June 30, 2021:
Ending balance: individually
evaluated for impairment		$	1				5				790				10				-				-				-				-				-				806
Ending balance: collectively
evaluated for impairment			1,037				1,718				190				2,170				148				996				-				89				2,133				8,481
Ending balance		$	1,038				1,723				980				2,180				148				996				-				89				2,133				9,287
Loans at June 30, 2021:
Ending balance		$	90,579				257,901				25,198				340,216				59,142				104,506				742				10,076				-				888,360
Ending balance: individually evaluated for impairment		$	6				1,426				10,722				1,741				-				59				-				-				-				13,954
Ending balance: collectively evaluated for impairment		$	90,573				256,475				14,476				338,475				59,142				104,447				742				10,076				-				874,406

(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
Six months ended June 30, 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	)			-				(109	)			-				(257	)			-				(378	)
Recoveries			2				25				-				34				-				26				-				106				-				193
Provision			840				514				41				719				(5	)			375				-				175				279				2,938
Ending balance		$	1,531				1,813				1,114				2,051				115				980				-				162				1,667				9,433
Three months ended June 30, 2020:
Allowance for loan losses:
Beginning balance		$	1,293				1,713				1,084				1,799				118				1,017				-				180				908				8,112
Charge-offs			-				-				-				-				-				(78	)			-				(90	)			-				(168	)
Recoveries			-				9				-				11				-				-				-				52				-				72
Provision			238				91				30				241				(3	)			41				-				20				759				1,417
Ending balance		$	1,531				1,813				1,114				2,051				115				980				-				162				1,667				9,433
Allowance for loan losses at June 30, 2020:
Ending balance: individually
evaluated for impairment		$	2				5				894				11				-				-				-				-				-				912
Ending balance: collectively
evaluated for impairment			1,529				1,808				220				2,040				115				980				-				162				1,667				8,521
Ending balance		$	1,531				1,813				1,114				2,051				115				980				-				162				1,667				9,433
Loans at June 30, 2020:
Ending balance		$	110,077				268,174				29,325				303,828				49,465				188,398				887				16,389				-				966,543
Ending balance: individually
evaluated for impairment		$	8				1,657				12,297				2,084				-				275				-				-				-				16,321
Ending balance: collectively
evaluated for impairment		$	110,069				266,517				17,028				301,744				49,465				188,123				887				16,389				-				950,222

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

June 30, 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		$	-				4,463				-				-				-				427				-				724				-				5,614
2- High Quality			8,186				105,826				-				36,894				20				15,825				-				2,034				1,430				170,215
3- Good Quality			78,058				124,184				9,350				257,930				55,338				80,494				728				3,450				1,442				610,974
4- Management Attention			4,218				17,083				11,515				34,508				3,110				5,711				14				278				685				77,122
5- Watch			39				2,999				1,862				10,031				563				1,985				-				5				-				17,484
6- Substandard			78				3,346				2,471				853				111				64				-				28				-				6,951
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	90,579				257,901				25,198				340,216				59,142				104,506				742				6,519				3,557				888,360

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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