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Loans (Tables)

12 Months Ended

Dec. 31, 2022

Loans

Major classifications of loans

(Dollars in thousands)
		December 31, 2022				December 31, 2021
Real estate loans:
Construction and land development		$	114,446				95,760
Single-family residential			322,262				266,111
Single-family residential - Banco de la Gente non-traditional			20,019				23,147
Commercial			406,750				337,841
Multifamily and farmland			65,562				58,366
Total real estate loans			929,039				781,225
Loans not secured by real estate:
Commercial loans			81,307				91,172
Farm loans			938				796
Consumer loans			6,834				6,436
All other loans			14,490				5,240
Total loans			1,032,608				884,869
Less allowance for loan losses			(10,494	)			(9,355	)
Total net loans		$	1,022,114				875,514

Age analysis of past due loans, by loan type

December 31, 2022
(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		$	363				-				363				114,083				114,446				-
Single-family residential			4,318				256				4,574				317,688				322,262				-
Single-family residential - Banco de la Gente non-traditional			2,977				264				3,241				16,778				20,019				-
Commercial			306				-				306				406,444				406,750				-
Multifamily and farmland			-				-				-				65,562				65,562				-
Total real estate loans			7,964				520				8,484				920,555				929,039				-
Loans not secured by real estate:
Commercial loans			3				-				3				81,304				81,307				-
Farm loans			-				-				-				938				938				-
Consumer loans			71				-				71				6,763				6,834				-
All other loans			-				-				-				14,490				14,490				-
Total loans		$	8,038				520				8,558				1,024,050				1,032,608				-

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				-

Non-accrual loans

(Dollars in thousands)
		December 31, 2022				December 31, 2021
Real estate loans:
Construction and land development		$	53				-
Single-family residential			1,914				1,642
Single-family residential - Banco de la Gente non-traditional			1,532				1,232
Commercial			129				200
Multifamily and farmland			91				105
Total real estate loans			3,719				3,179
Loans not secured by real estate:
Commercial loans			-				49
Consumer loans			9				2
Total		$	3,728				3,230

Schedule Of Bank's impaired loans

December 31, 2022
(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		$	110				-				110				110				2				75				8
Single-family residential			3,912				236				3,300				3,536				60				5,194				194
Single-family residential - Banco de la Gente non-traditional			10,441				-				9,748				9,748				611				8,757				552
Commercial			1,785				421				1,346				1,767				9				1,916				93
Multifamily and farmland			104				-				91				91				-				96				5
Total impaired real estate loans			16,352				657				14,595				15,252				682				16,038				852
Loans not secured by real estate:
Commercial loans			116				-				116				116				1				137				8
Consumer loans			11				-				9				9				-				15				2
Total impaired loans		$	16,479				657				14,720				15,377				683				16,190				862

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

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, 2022				Level 1 Valuation				Level 2 Valuation				Level 3 Valuation
Mortgage loans held for sale		$	211				-				-				211
Impaired loans		$	14,694				-				-				14,694

(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

		Fair Value December 31, 2022				Fair Value December 31, 2021				Valuation Technique			Significant Unobservable Inputs			General Range of Significant Unobservable Input Values
Mortgage loans held for sale		$	211			$	3,637			Rate lock commitment			N/A			N/A
Impaired loans		$	14,694			$	17,475			Appraised value and discounted cash flows			Discounts to reflect current market conditions and ultimate collectability			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, 2022
Allowance for loan losses:
Beginning balance		$	1,193				2,013				864				2,234				150				711				-				110				2,080				9,355
Charge-offs			-				(128	)			-				-				-				(33	)			-				(591	)			-				(752	)
Recoveries			-				229				-				9				-				72				-				109				-				419
Provision			222				208				(101	)			964				14				(93	)			-				586				(328	)			1,472
Ending balance		$	1,415				2,322				763				3,207				164				657				-				214				1,752				10,494
Allowance for loan losses December 31, 2022
Ending balance: individually evaluated for impairment		$	-				36				597				6				-				-				-				-				-				639
Ending balance: collectively evaluated for impairment			1,415				2,286				166				3,201				164				657				-				214				1,752				9,855
Ending balance		$	1,415				2,322				763				3,207				164				657				-				214				1,752				10,494
Loans at December 31, 2022
Ending balance		$	114,446				322,262				20,019				406,750				65,562				81,307				938				21,324				-				1,032,608
Ending balance: individually evaluated for impairment		$	-				537				8,555				1,388				-				-				-				-				-				10,480
Ending balance: collectively evaluated for impairment		$	114,446				321,725				11,464				405,362				65,562				81,307				938				21,324				-				1,022,128

(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

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

December 31, 2022
(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		$	-				2,782				-				-				-				1,365				-				527				-				4,674
2- High Quality			14,912				138,124				-				33,353				17				13,302				-				2,384				1,366				203,458
3- Good Quality			94,113				166,329				7,442				340,926				63,270				64,422				938				3,663				12,851				753,954
4- Management Attention			5,257				10,615				8,968				27,957				2,061				1,507				-				244				128				56,737
5- Watch			54				922				1,136				3,963				123				711				-				1				145				7,055
6- Substandard			110				3,490				2,473				551				91				-				-				15				-				6,730
7- Doubtful			-				-				-				-				-				-				-				-				-				-
8- Loss			-				-				-				-				-				-				-				-				-				-
Total		$	114,446				322,262				20,019				406,750				65,562				81,307				938				6,834				14,490				1,032,608

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

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