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3. Loans (Tables)

12 Months Ended

Dec. 31, 2021

3. Loans

Major classifications of loans

(Dollars in thousands)
		December 31, 2021				December 31, 2020
Real estate loans:
Construction and land development		$	95,760				94,124
Single-family residential			266,111				272,325
Single-family residential -
Banco de la Gente non-traditional			23,147				26,883
Commercial			337,841				332,971
Multifamily and farmland			58,366				48,880
Total real estate loans			781,225				775,183
Loans not secured by real estate:
Commercial loans			91,172				161,740
Farm loans			796				855
Consumer loans			6,436				7,113
All other loans			5,240				3,748
Total loans			884,869				948,639
Less allowance for loan losses			(9,355	)			(9,908	)
Total net loans		$	875,514				938,731

Age analysis of past due loans, by loan type

December 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		$	-				-				-				95,760				95,760				-
Single-family residential			2,323				634				2,957				263,154				266,111				-
Single-family residential -
Banco de la Gente non-traditional			2,593				112				2,705				20,442				23,147				-
Commercial			488				-				488				337,353				337,841				-
Multifamily and farmland			-				-				-				58,366				58,366				-
Total real estate loans			5,404				746				6,150				775,075				781,225				-
Loans not secured by real estate:
Commercial loans			43				-				43				91,129				91,172				-
Farm loans			-				-				-				796				796				-
Consumer loans			38				-				38				6,398				6,436				-
All other loans			-				-				-				5,240				5,240				-
Total loans		$	5,485				746				6,231				878,638				884,869				-

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)
		December 31, 2021				December 31, 2020
Real estate loans:
Construction and land development		$	-				-
Single-family residential			1,642				1,266
Single-family residential -
Banco de la Gente non-traditional			1,232				1,709
Commercial			200				440
Multifamily and farmland			105				117
Total real estate loans			3,179				3,532
Loans not secured by real estate:
Commercial loans			49				212
Consumer loans			2				14
Total		$	3,230				3,758

December 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		$	73				-				73				73				3				82				6
Single-family residential			5,138				524				4,374				4,898				86				6,017				253
Single-family residential -
Banco de la Gente non-traditional			11,753				-				10,922				10,922				687				10,325				609
Commercial			2,138				435				1,608				2,043				11				2,385				109
Multifamily and farmland			113				-				105				105				-				110				6
Total impaired real estate loans			19,215				959				17,082				18,041				787				18,919				983
Loans not secured by real estate:
Commercial loans			282				49				170				219				2				271				19
Consumer loans			8				-				4				4				-				11				1
Total impaired loans		$	19,505				1,008				17,256				18,264				789				19,201				1,003

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

Fair value measurements for mortgage loans held for sale, impaired loans and other real estate on a non-recurring basis

(Dollars in thousands)
		Fair Value Measurements December 31, 2021				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
Mortgage loans held for sale		$	3,637				-				-				3,637
Impaired loans		$	17,475				-				-				17,475

(Dollars in thousands)
		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

(Dollars in thousands)
		Fair Value December 31, 2021				Fair Value December 31, 2020				Valuation Technique		Significant Unobservable Inputs				General Range of Significant Unobservable Input Values
Mortgage loans held for sale		$	3,637			$	9,139			Rate lock commitment			N/A				N/A
Impaired loans		$	17,475			$	20,369			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

(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
Twelve months ended December 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			-				(89	)			-				-				-				(293	)			-				(380	)			-				(762	)
Recoveries			121				271				-				52				3				786				-				139				-				1,372
Provision			(124	)			(12	)			(188	)			(30	)			25				(1,127	)			-				223				70				(1,163	)
Ending balance		$	1,193				2,013				864				2,234				150				711				-				110				2,080				9,355
Allowance for loan losses December 31, 2021
Ending balance: individually
evaluated for impairment		$	1				57				672				7				-				-				-				-				-				737
Ending balance: collectively
evaluated for impairment			1,192				1,956				192				2,227				150				711				-				110				2,080				8,618
Ending balance		$	1,193				2,013				864				2,234				150				711				-				110				2,080				9,355
Loans at December 31, 2021
Ending balance		$	95,760				266,111				23,147				337,841				58,366				91,172				796				11,676				-				884,869
Ending balance: individually
evaluated for impairment		$	6				1,633				9,795				1,437				-				49				-				-				-				12,920
Ending balance: collectively
evaluated for impairment		$	95,754				264,478				13,352				336,404				58,366				91,123				796				11,676				-				871,949

(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
Twelve months ended December 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	)			(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
Allowance for loan losses December 31, 2020
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 at December 31, 2020
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

(Dollars in thousands)
December 31, 2019		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
Twelve months ended December 31, 2019
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
Allowance for loan losses December 31, 2019
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 at December 31, 2019
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

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

December 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		$	-				5,923				-				-				-				371				-				581				-				6,875
2- High Quality			11,752				109,337				-				28,546				19				16,177				-				2,039				1,309				169,179
3- Good Quality			80,325				129,856				8,712				272,786				54,945				68,183				792				3,510				3,931				623,040
4- Management Attention			3,534				14,964				10,478				30,937				2,754				5,214				4				284				-				68,169
5- Watch			76				2,464				1,703				4,938				543				1,177				-				1				-				10,902
6- Substandard			73				3,567				2,254				634				105				50				-				21				-				6,704
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	95,760				266,111				23,147				337,841				58,366				91,172				796				6,436				5,240				884,869

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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