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Loans (Tables)

9 Months Ended

Sep. 30, 2021

Loans

Major classifications of loans

(Dollars in thousands)
		September 30, 2021				December 31, 2020
Real estate loans:
Construction and land development		$	80,009				94,124
Single-family residential			258,403				272,325
Single-family residential -
Banco de la Gente non-traditional			24,043				26,883
Commercial			363,174				332,971
Multifamily and farmland			58,856				48,880
Total real estate loans			784,485				775,183
Loans not secured by real estate:
Commercial loans			94,376				161,740
Farm loans			633				855
Consumer loans			6,321				7,113
All other loans			5,190				3,748
Total loans			891,005				948,639
Less allowance for loan losses			(8,963	)			(9,908	)
Total net loans		$	882,042				938,731

Summary of Age analysis of past due loans

September 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		$	6				-				6				80,003				80,009				-
Single-family residential			850				230				1,080				257,323				258,403				-
Single-family residential -
Banco de la Gente non-traditional			450				39				489				23,554				24,043				-
Commercial			28				37				65				363,109				363,174				-
Multifamily and farmland			-				-				-				58,856				58,856				-
Total real estate loans			1,334				306				1,640				782,845				784,485				-
Loans not secured by real estate:
Commercial loans			176				-				176				94,200				94,376				-
Farm loans			-				-				-				633				633				-
Consumer loans			66				1				67				6,254				6,321				-
All other loans			8				-				8				5,182				5,190				-
Total loans		$	1,584				307				1,891				889,114				891,005				-

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)
		September 30, 2021				December 31, 2020
Real estate loans:
Single-family residential		$	1,020				1,266
Single-family residential -
Banco de la Gente non-traditional			1,244				1,709
Commercial			271				440
Multifamily and farmland			109				117
Total real estate loans			2,644				3,532
Loans not secured by real estate:
Commercial loans			54				212
Consumer loans			6				14
Total		$	2,704				3,758

Impaired loans

September 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		$	75				-				75				75				3
Single-family residential			4,506				275				4,021				4,296				80
Single-family residential -
Banco de la Gente non-traditional			12,269				-				11,383				11,383				724
Commercial			2,229				439				1,692				2,131				12
Multifamily and farmland			115				-				109				109				-
Total impaired real estate loans			19,194				714				17,280				17,994				819
Loans not secured by real estate:
Commercial loans			299				54				183				237				3
Consumer loans			12				-				8				8				-
Total impaired loans		$	19,505				768				17,471				18,239				822

Schedule of average impaired loan losses

(Dollars in thousands)
		Three months ended																Nine months ended
		September 30, 2021								September 30, 2020								September 30, 2021								September 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		$	76				1				153				-				91				5				123				7
Single-family residential			5,875				49				5,107				63				5,683				166				4,451				181
Single-family residential -
Banco de la Gente stated income			10,349				140				13,402				197				11,090				477				13,785				617
Commercial			2,280				20				2,665				31				2,617				85				2,772				103
Multifamily and farmland			110				2				-				-				113				4				-				-
Total impaired real estate loans			18,690				212				21,327				291				19,594				737				21,131				908
Loans not secured by real estate:
Commercial loans			248				5				494				7				330				16				553				22
Consumer loans			9				-				74				1				19				1				57				4
Total impaired loans		$	18,947				217				21,895				299				19,943				754				21,741				934

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

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
Nine months ended September 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			-				-				-				-				-				(293	)			-				(249	)			-				(542	)
Recoveries			121				165				-				50				3				7				-				114				-				460
Provision			(421	)			(306	)			(162	)			46				22				(153	)			-				98				13				(863	)
Ending balance		$	896				1,702				890				2,308				147				906				-				91				2,023				8,963
Three months ended September 30, 2021:
Allowance for loan losses:
Beginning balance		$	1,038				1,723				980				2,180				148				996				-				89				2,133				9,287
Charge-offs			-				-				-				-				-				(215	)			-				(91	)			-				(306	)
Recoveries			31				86				-				2				4				1				-				40				-				164
Provision			(173	)			(107	)			(90	)			126				(5	)			124				-				53				(110	)			(182	)
Ending balance		$	896				1,702				890				2,308				147				906				-				91				2,023				8,963
Allowance for loan losses at September 30, 2021:
Ending balance: individually
evaluated for impairment		$	1				58				710				7				-				-				-				-				-				776
Ending balance: collectively
evaluated for impairment			895				1,644				180				2,301				147				906				-				91				2,023				8,187
Ending balance		$	896				1,702				890				2,308				147				906				-				91				2,023				8,963
Loans at September 30, 2021:
Ending balance		$	80,009				258,403				24,043				363,174				58,856				94,376				633				11,511				-				891,005
Ending balance: individually
evaluated for impairment		$	6				1,398				10,236				1,450				-				54				-				-				-				13,144
Ending balance: collectively
evaluated for impairment		$	80,003				257,005				13,807				361,724				58,856				94,322				633				11,511				-				877,861

(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
Nine months ended September 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	)			(65	)			-				(7	)			-				(109	)			-				(343	)			-				(529	)
Recoveries			2				59				-				45				-				27				-				148				-				281
Provision			573				482				(11	)			751				(4	)			355				-				254				1,060				3,460
Ending balance		$	1,264				1,750				1,062				2,094				116				961				-				197				2,448				9,892
Three months ended September 30, 2020:
Allowance for loan losses:
Beginning balance		$	1,531				1,813				1,114				2,051				115				980				-				162				1,667				9,433
Charge-offs			-				(65	)			-				-				-				-				-				(87	)			-				(152	)
Recoveries			-				34				-				11				-				2				-				42				-				89
Provision			(267	)			(32	)			(52	)			32				1				(21	)			-				80				781				522
Ending balance		$	1,264				1,750				1,062				2,094				116				961				-				197				2,448				9,892
Allowance for loan losses at September 30, 2020:
Ending balance: individually
evaluated for impairment		$	2				4				859				11				-				-				-				-				-				876
Ending balance: collectively
evaluated for impairment			1,262				1,746				203				2,083				116				961				-				197				2,448				9,016
Ending balance		$	1,264				1,750				1,062				2,094				116				961				-				197				2,448				9,892
Loans at September 30, 2020:
Ending balance		$	96,866				272,246				28,099				318,596				49,584				182,862				851				21,128				-				970,232
Ending balance: individually
evaluated for impairment		$	8				1,582				11,630				1,685				-				255				-				-				-				15,160
Ending balance: collectively
evaluated for impairment		$	96,858				270,664				16,469				316,911				49,584				182,607				851				21,128				-				955,072

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

September 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		$	-				7,380				-				-				-				382				-				613				-				8,375
2- High Quality			8,982				104,288				-				35,384				19				17,846				-				1,979				1,413				169,911
3- Good Quality			67,245				124,534				9,028				283,657				55,335				69,324				621				3,415				3,777				616,936
4- Management Attention			3,626				16,239				10,878				33,620				2,841				5,122				12				290				-				72,628
5- Watch			82				2,904				1,722				9,802				552				1,644				-				1				-				16,707
6- Substandard			74				3,058				2,415				711				109				58				-				23				-				6,448
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	80,009				258,403				24,043				363,174				58,856				94,376				633				6,321				5,190				891,005

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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