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Loans and Allowance for Credit Losses (Tables) | 12 Months Ended
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Dec. 31, 2024
Receivables [Abstract] |
Schedule of Loans | Loans consisted of the following: Schedule of Loans
|  | As of December 31, |
(Dollars in thousands) |  | 2024 |  |  | 2023 |
One-to-four family residential real estate loans |  | $ | 352,209 |  |  | $ | 302,544 |
Construction and land loans |  |  | 25,328 |  |  |  | 21,090 |
Commercial real estate loans |  |  | 345,159 |  |  |  | 320,962 |
Commercial loans |  |  | 192,325 |  |  |  | 180,942 |
Agriculture loans |  |  | 100,562 |  |  |  | 89,680 |
Municipal loans |  |  | 7,091 |  |  |  | 4,507 |
Consumer loans |  |  | 29,679 |  |  |  | 28,931 |
Total gross loans |  |  | 1,052,353 |  |  |  | 948,656 |
Net deferred loan (fees) costs and loans in process |  |  | (307 | ) |  |  | (429 | )
Allowance for credit losses |  |  | (12,825 | ) |  |  | (10,608 | )
Loans, net |  | $ | 1,039,221 |  |  | $ | 937,619 |
Schedule of Allowance for Credit Losses on Financing Receivables | The following tables provide information on the Company’s allowance for credit losses by loan class and allowance methodology: Schedule of Allowance for Credit Losses on Financing Receivables
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year ended December 31, 2024 |
|  | One-to-four family residential real estate loans |  |  | Construction and land loans |  |  | Commercial real estate loans |  |  | Commercial loans |  |  | Agriculture loans |  |  | Municipal loans |  |  | Consumer loans |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2024 |  | $ | 2,035 |  |  | $ | 150 |  |  | $ | 4,518 |  |  | $ | 2,486 |  |  | $ | 1,190 |  |  | $ | 15 |  |  | $ | 214 |  |  | $ | 10,608 |
Charge-offs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (186 | ) |  |  | (64 | ) |  |  | - |  |  |  | (409 | ) |  |  | (659 | )
Recoveries |  |  | - |  |  |  | 245 |  |  |  | - |  |  |  | 35 |  |  |  | 54 |  |  |  | 12 |  |  |  | 130 |  |  |  | 476 |
Provision for credit losses |  |  | (270 | ) |  |  | (252 | ) |  |  | (12 | ) |  |  | 2,629 |  |  |  | 47 |  |  |  | 24 |  |  |  | 234 |  |  |  | 2,400 |
Balance at December 31, 2024 |  | $ | 1,765 |  |  | $ | 143 |  |  | $ | 4,506 |  |  | $ | 4,964 |  |  | $ | 1,227 |  |  | $ | 51 |  |  | $ | 169 |  |  | $ | 12,825 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year ended December 31, 2023 |
|  | One-to-four family residential real estate loans |  |  | Construction and land loans |  |  | Commercial real estate loans |  |  | Commercial loans |  |  | Agriculture loans |  |  | Municipal loans |  |  | Consumer loans |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2023 |  | $ | 655 |  |  | $ | 117 |  |  | $ | 3,158 |  |  | $ | 2,753 |  |  | $ | 1,966 |  |  | $ | 5 |  |  | $ | 137 |  |  | $ | 8,791 |
Impact of adopting ASC 326 |  |  | 1,022 |  |  |  | 49 |  |  |  | 1,063 |  |  |  | 145 |  |  |  | (824 | ) |  |  | 11 |  |  |  | 57 |  |  |  | 1,523 |
Charge-offs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (479 | ) |  |  | - |  |  |  | - |  |  |  | (371 | ) |  |  | (850 | )
Recoveries |  |  | - |  |  |  | 675 |  |  |  | - |  |  |  | 35 |  |  |  | 74 |  |  |  | - |  |  |  | 110 |  |  |  | 894 |
Provision for credit losses |  |  | 358 |  |  |  | (691 | ) |  |  | 297 |  |  |  | 32 |  |  |  | (26 | ) |  |  | (1 | ) |  |  | 281 |  |  |  | 250 |
Balance at December 31, 2023 |  | $ | 2,035 |  |  | $ | 150 |  |  | $ | 4,518 |  |  | $ | 2,486 |  |  | $ | 1,190 |  |  | $ | 15 |  |  | $ | 214 |  |  | $ | 10,608 |
|  | One-to-four family residential real estate loans |  |  | Construction and land loans |  |  | Commercial real estate loans |  |  | Commercial loans |  |  | Paycheck protection loans |  |  | Agriculture loans |  |  | Municipal loans |  |  | Consumer loans |  |  | Total |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year ended December 31, 2022 |
|  | One-to-four family residential real estate loans |  |  | Construction and land loans |  |  | Commercial real estate loans |  |  | Commercial loans |  |  | Paycheck protection loans |  |  | Agriculture loans |  |  | Municipal loans |  |  | Consumer loans |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2022 |  | $ | 623 |  |  | $ | 138 |  |  | $ | 3,051 |  |  | $ | 2,613 |  |  | $ | - |  |  | $ | 2,221 |  |  | $ | 6 |  |  | $ | 123 |  |  | $ | 8,775 |
Balance |  | $ | 623 |  |  | $ | 138 |  |  | $ | 3,051 |  |  | $ | 2,613 |  |  | $ | - |  |  | $ | 2,221 |  |  | $ | 6 |  |  | $ | 123 |  |  | $ | 8,775 |
Charge-offs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (336 | ) |  |  | (336 | )
Recoveries |  |  | - |  |  |  | 165 |  |  |  | - |  |  |  | 38 |  |  |  | - |  |  |  | 59 |  |  |  | 6 |  |  |  | 84 |  |  |  | 352 |
Provision for credit losses |  |  | 32 |  |  |  | (186 | ) |  |  | 107 |  |  |  | 102 |  |  |  | - |  |  |  | (314 | ) |  |  | (7 | ) |  |  | 266 |  |  |  | - |
Balance at December 31, 2022 |  | $ | 655 |  |  | $ | 117 |  |  | $ | 3,158 |  |  | $ | 2,753 |  |  | $ | - |  |  | $ | 1,966 |  |  | $ | 5 |  |  | $ | 137 |  |  | $ | 8,791 |
Balance |  | $ | 655 |  |  | $ | 117 |  |  | $ | 3,158 |  |  | $ | 2,753 |  |  | $ | - |  |  | $ | 1,966 |  |  | $ | 5 |  |  | $ | 137 |  |  | $ | 8,791 |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for loss |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 636 |  |  | $ | - |  |  | $ | 18 |  |  | $ | - |  |  | $ | - |  |  | $ | 654 |
Collectively evaluated for loss |  |  | 655 |  |  |  | 117 |  |  |  | 3,158 |  |  |  | 2,117 |  |  |  | - |  |  |  | 1,948 |  |  |  | 5 |  |  |  | 137 |  |  |  | 8,137 |
Total |  | $ | 655 |  |  | $ | 117 |  |  | $ | 3,158 |  |  | $ | 2,753 |  |  | $ | - |  |  | $ | 1,966 |  |  | $ | 5 |  |  | $ | 137 |  |  | $ | 8,791 |
Loan balances: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for loss |  | $ | 326 |  |  | $ | 412 |  |  | $ | 1,224 |  |  | $ | 812 |  |  | $ | - |  |  | $ | 1,319 |  |  | $ | 36 |  |  | $ | - |  |  | $ | 4,129 |
Collectively evaluated for loss |  |  | 236,656 |  |  |  | 22,313 |  |  |  | 302,850 |  |  |  | 172,603 |  |  |  | 21 |  |  |  | 82,964 |  |  |  | 1,990 |  |  |  | 26,664 |  |  |  | 846,061 |
Total |  | $ | 236,982 |  |  | $ | 22,725 |  |  | $ | 304,074 |  |  | $ | 173,415 |  |  | $ | 21 |  |  | $ | 84,283 |  |  | $ | 2,026 |  |  | $ | 26,664 |  |  | $ | 850,190 |
Schedule of Non-accrual and Loans Past Due Over 89 Days Still Accruing | The following tables present information on non-accrual status and loans past due over 89 days and still accruing: Schedule of Non-accrual and Loans Past Due Over 89 Days Still Accruing
|  | Non-accrual with no allowance for credit loss |  |  | Non-accrual with allowance for credit losses |  |  | Loans past due over 89 days still accruing |
(Dollars in thousands) |  | As of December 31, 2024 |
|  | Non-accrual with no allowance for credit loss |  |  | Non-accrual with allowance for credit losses |  |  | Loans past due over 89 days still accruing |
One-to-four family residential real estate loans |  | $ | 34 |  |  | $ | - |  |  | $ | - |
Commercial real estate loans |  |  | 782 |  |  |  | - |  |  |  | - |
Commercial loans |  |  | 314 |  |  |  | 10,939 |  |  |  | - |
Agriculture loans |  |  | 1,046 |  |  |  | - |  |  |  | - |
Total loans |  | $ | 2,176 |  |  | $ | 10,939 |  |  | $ | - |
|  | Non-accrual with no allowance for credit loss |  |  | Non-accrual with allowance for credit losses |  |  | Loans past due over 89 days still accruing |
(Dollars in thousands) |  | As of December 31, 2023 |
|  | Non-accrual with no allowance for credit loss |  |  | Non-accrual with allowance for credit losses |  |  | Loans past due over 89 days still accruing |
One-to-four family residential real estate loans |  | $ | 161 |  |  | $ | 31 |  |  | $ | - |
Commercial loans |  |  | 363 |  |  |  | 1,517 |  |  |  | - |
Agriculture loans |  |  | 295 |  |  |  | - |  |  |  | - |
Consumer loans |  |  | 24 |  |  |  | - |  |  |  | - |
Total loans |  | $ | 843 |  |  | $ | 1,548 |  |  | $ | - |
Schedule of Amortized Cost Basis and Collateral Type | Schedule of Amortized Cost Basis and Collateral Type
(Dollars in thousands) |  | As of December 31, 2024 |
|  | Loan balance |  |  | Collateral Type |
One-to-four family residential real estate loans |  | $ | 34 |  |  |  | First mortgage on residential real estate |
Construction and land loans |  |  | - |  |  |  | First mortgage on residential or commercial real estate |
Commercial real estate loans |  |  | 782 |  |  |  | First mortgage on commercial real estate |
Commercial loans |  |  | 3,150 |  |  |  | Accounts receivable, equipment and real estate |
Agriculture loans |  |  | 1,456 |  |  |  | Crops, livestock, machinery and real estate |
Total loans |  | $ | 5,422 |  |  |  |  |
(Dollars in thousands) |  | As of December 31, 2023 |
|  | Loan balance |  |  | Collateral Type |
One-to-four family residential real estate loans |  | $ | 192 |  |  |  | First mortgage on residential real estate |
Construction and land loans |  |  | 192 |  |  |  | First mortgage on residential or commercial real estate |
Commercial real estate loans |  |  | 1,205 |  |  |  | First mortgage on commercial real estate |
Commercial loans |  |  | 2,054 |  |  |  | Accounts receivable, equipment and real estate |
Agriculture loans |  |  | 682 |  |  |  | Crops, livestock, machinery and real estate |
Consumer loans |  |  | 24 |  |  |  | Personal property or second mortgages on real estate |
Total loans |  | $ | 4,349 |  |  |  |  |
Schedule of Past Due Financing Receivables | The following tables present information on the Company’s past due and non-accrual loans by loan class: Schedule of Past Due Financing Receivables
|  | 30-59 days delinquent and accruing |  |  | 60-89 days delinquent and accruing |  |  | 90 days or more delinquent and accruing |  |  | Total past due loans accruing |  |  | Non-accrual loans |  |  | Total past due and non-accrual loans |  |  | Total loans not past due |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of December 31, 2024 |
|  | 30-59 days delinquent and accruing |  |  | 60-89 days delinquent and accruing |  |  | 90 days or more delinquent and accruing |  |  | Total past due loans accruing |  |  | Non-accrual loans |  |  | Total past due and non-accrual loans |  |  | Total loans not past due |
One-to-four family residential real estate loans |  | $ | 115 |  |  | $ | 323 |  |  | $ | - |  |  | $ | 438 |  |  | $ | 34 |  |  | $ | 472 |  |  | $ | 351,737 |
Construction and land loans |  |  | - |  |  |  | 118 |  |  |  | - |  |  |  | 118 |  |  |  | - |  |  |  | 118 |  |  |  | 25,210 |
Commercial real estate loans |  |  | 1,083 |  |  |  | 3,081 |  |  |  | - |  |  |  | 4,164 |  |  |  | 782 |  |  |  | 4,946 |  |  |  | 340,213 |
Commercial loans |  |  | 500 |  |  |  | 59 |  |  |  | - |  |  |  | 559 |  |  |  | 11,253 |  |  |  | 11,812 |  |  |  | 180,513 |
Agriculture loans |  |  | 864 |  |  |  | - |  |  |  | - |  |  |  | 864 |  |  |  | 1,046 |  |  |  | 1,910 |  |  |  | 98,652 |
Municipal loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,091 |
Consumer loans |  |  | 33 |  |  |  | 25 |  |  |  | - |  |  |  | 58 |  |  |  | - |  |  |  | 58 |  |  |  | 29,621 |
Total |  | $ | 2,595 |  |  | $ | 3,606 |  |  | $ | - |  |  | $ | 6,201 |  |  | $ | 13,115 |  |  | $ | 19,316 |  |  | $ | 1,033,037 |
Percent of gross loans |  |  | 0.25 | % |  |  | 0.34 | % |  |  | 0.00 | % |  |  | 0.59 | % |  |  | 1.25 | % |  |  | 1.84 | % |  |  | 98.16 | %
|  | 30-59 days delinquent and accruing |  |  | 60-89 days delinquent and accruing |  |  | 90 days or mvore delinquent and accruing |  |  | Total past due loans accruing |  |  | Non-accrual loans |  |  | Total past due and non-accrual loans |  |  | Total loans not past due |
|  | As of December 31, 2023 |
|  | 30-59 days delinquent and accruing |  |  | 60-89 days delinquent and accruing |  |  | 90 days or more delinquent and accruing |  |  | Total past due loans accruing |  |  | Non-accrual loans |  |  | Total past due and non-accrual loans |  |  | Total loans not past due |
One-to-four family residential real estate loans |  | $ | 85 |  |  | $ | 247 |  |  | $ | - |  |  | $ | 332 |  |  | $ | 192 |  |  | $ | 524 |  |  | $ | 302,020 |
Construction and land loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 21,090 |
Commercial real estate loans |  |  | 153 |  |  |  | - |  |  |  | - |  |  |  | 153 |  |  |  | - |  |  |  | 153 |  |  |  | 320,809 |
Commercial loans |  |  | 399 |  |  |  | 332 |  |  |  | - |  |  |  | 731 |  |  |  | 1,880 |  |  |  | 2,611 |  |  |  | 178,331 |
Agriculture loans |  |  | 256 |  |  |  | - |  |  |  | - |  |  |  | 256 |  |  |  | 295 |  |  |  | 551 |  |  |  | 89,129 |
Municipal loans |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,507 |
Consumer loans |  |  | 110 |  |  |  | - |  |  |  | - |  |  |  | 110 |  |  |  | 24 |  |  |  | 134 |  |  |  | 28,797 |
Total |  | $ | 1,003 |  |  | $ | 579 |  |  | $ | - |  |  | $ | 1,582 |  |  | $ | 2,391 |  |  | $ | 3,973 |  |  | $ | 944,683 |
Percent of gross loans |  |  | 0.11 | % |  |  | 0.06 | % |  |  | 0.00 | % |  |  | 0.17 | % |  |  | 0.25 | % |  |  | 0.42 | % |  |  | 99.58 | %
Schedule of Troubled Debt Restructurings on Financings Receivables and Year of Origination | The following table provides information on the Company’s risk category of loans by type and year of origination: Schedule of Troubled Debt Restructurings on Financings Receivables and Year of Origination
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Revolving loans amortized cost |  |  | Revolving loans converted to term |  |  | Total |
(Dollars in thousands) |  | As of December 31, 2024 |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Revolving loans amortized cost |  |  | Revolving loans converted to term |  |  | Total |
One-to-four family residential real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 86,701 |  |  | $ | 84,467 |  |  | $ | 75,517 |  |  | $ | 37,411 |  |  | $ | 27,293 |  |  | $ | 35,112 |  |  | $ | 5,552 |  |  | $ | 122 |  |  | $ | 352,175 |
Classified |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 34 |  |  |  | - |  |  |  | - |  |  |  | 34 |
Total |  | $ | 86,701 |  |  | $ | 84,467 |  |  | $ | 75,517 |  |  | $ | 37,411 |  |  | $ | 27,293 |  |  | $ | 35,146 |  |  | $ | 5,552 |  |  | $ | 122 |  |  | $ | 352,209 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Construction and land loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 6,481 |  |  | $ | 11,202 |  |  | $ | 1,937 |  |  | $ | 1,697 |  |  | $ | 2,569 |  |  | $ | 1,340 |  |  | $ | 102 |  |  | $ | - |  |  | $ | 25,328 |
Classified |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 6,481 |  |  | $ | 11,202 |  |  | $ | 1,937 |  |  | $ | 1,697 |  |  | $ | 2,569 |  |  | $ | 1,340 |  |  | $ | 102 |  |  | $ | - |  |  | $ | 25,328 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Commercial real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 59,717 |  |  | $ | 47,624 |  |  | $ | 68,854 |  |  | $ | 53,868 |  |  | $ | 41,862 |  |  | $ | 67,351 |  |  | $ | 3,217 |  |  | $ | 85 |  |  | $ | 342,578 |
Classified |  |  | 360 |  |  |  | - |  |  |  | - |  |  |  | 476 |  |  |  | 151 |  |  |  | 1,594 |  |  |  | - |  |  |  | - |  |  |  | 2,581 |
Total |  | $ | 60,077 |  |  | $ | 47,624 |  |  | $ | 68,854 |  |  | $ | 54,344 |  |  | $ | 42,013 |  |  | $ | 68,945 |  |  | $ | 3,217 |  |  | $ | 85 |  |  | $ | 345,159 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Commercial loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 31,083 |  |  | $ | 27,158 |  |  | $ | 23,574 |  |  | $ | 9,813 |  |  | $ | 7,930 |  |  | $ | 2,203 |  |  | $ | 68,282 |  |  | $ | 135 |  |  | $ | 170,178 |
Classified |  |  | 11,364 |  |  |  | 1,851 |  |  |  | 1,897 |  |  |  | 39 |  |  |  | 3,637 |  |  |  | 13 |  |  |  | 1,969 |  |  |  | 1,377 |  |  |  | 22,147 |
Total |  | $ | 42,447 |  |  | $ | 29,009 |  |  | $ | 25,471 |  |  | $ | 9,852 |  |  | $ | 11,567 |  |  | $ | 2,216 |  |  | $ | 70,251 |  |  | $ | 1,512 |  |  | $ | 192,325 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | 16 |  |  | $ | 114 |  |  | $ | 56 |  |  |  |  |  |  | $ | - |  |  | $ | - |  |  | $ | 186 |
Agriculture loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 21,379 |  |  | $ | 3,659 |  |  | $ | 8,404 |  |  | $ | 3,616 |  |  | $ | 3,297 |  |  | $ | 14,215 |  |  | $ | 44,458 |  |  | $ | 217 |  |  | $ | 99,245 |
Classified |  | $ | 29 |  |  | $ | 178 |  |  | $ | 257 |  |  | $ | 419 |  |  | $ | 9 |  |  | $ | 73 |  |  | $ | 352 |  |  | $ | - |  |  |  | 1,317 |
Total |  | $ | 21,408 |  |  | $ | 3,837 |  |  | $ | 8,661 |  |  | $ | 4,035 |  |  | $ | 3,306 |  |  | $ | 14,288 |  |  | $ | 44,810 |  |  | $ | 217 |  |  | $ | 100,562 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 64 |  |  | $ | - |  |  | $ | - |  |  | $ | 64 |
Municipal loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 5,565 |  |  | $ | - |  |  | $ | 90 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,436 |  |  | $ | - |  |  | $ | - |  |  | $ | 7,091 |
Classified |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 5,565 |  |  | $ | - |  |  | $ | 90 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,436 |  |  | $ | - |  |  | $ | - |  |  | $ | 7,091 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 2,850 |  |  | $ | 3,229 |  |  | $ | 645 |  |  | $ | 1,072 |  |  | $ | 682 |  |  | $ | 3,167 |  |  | $ | 17,896 |  |  | $ | 138 |  |  | $ | 29,679 |
Classified |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 2,850 |  |  | $ | 3,229 |  |  | $ | 645 |  |  | $ | 1,072 |  |  | $ | 682 |  |  | $ | 3,167 |  |  | $ | 17,896 |  |  | $ | 138 |  |  | $ | 29,679 |
Charge-offs |  | $ | 376 |  |  | $ | 7 |  |  | $ | 1 |  |  |  |  |  |  | $ | - |  |  | $ | 24 |  |  | $ | - |  |  | $ | 1 |  |  | $ | 409 |
Total loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 213,776 |  |  | $ | 177,339 |  |  | $ | 179,021 |  |  | $ | 107,477 |  |  | $ | 83,633 |  |  | $ | 124,824 |  |  | $ | 139,507 |  |  | $ | 697 |  |  | $ | 1,026,274 |
Classified |  | $ | 11,753 |  |  | $ | 2,029 |  |  | $ | 2,154 |  |  | $ | 934 |  |  | $ | 3,797 |  |  | $ | 1,714 |  |  | $ | 2,321 |  |  | $ | 1,377 |  |  |  | 26,079 |
Total |  | $ | 225,529 |  |  | $ | 179,368 |  |  | $ | 181,175 |  |  | $ | 108,411 |  |  | $ | 87,430 |  |  | $ | 126,538 |  |  | $ | 141,828 |  |  | $ | 2,074 |  |  | $ | 1,052,353 |
Charge-offs |  | $ | 376 |  |  | $ | 7 |  |  | $ | 17 |  |  | $ | 114 |  |  | $ | 56 |  |  | $ | 88 |  |  | $ | - |  |  | $ | 1 |  |  | $ | 659 |
|  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Revolving loans amortized cost |  |  | Revolving loans converted to term |  |  | Total |
(Dollars in thousands) |  | As of December 31, 2023 |
|  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Revolving loans amortized cost |  |  | Revolving loans converted to term |  |  | Total |
One-to-four family residential real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 95,290 |  |  | $ | 84,718 |  |  | $ | 42,533 |  |  | $ | 32,081 |  |  | $ | 12,776 |  |  | $ | 29,694 |  |  | $ | 5,097 |  |  | $ | 163 |  |  | $ | 302,352 |
Classified |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 192 |  |  |  | - |  |  |  | - |  |  |  | 192 |
Total |  | $ | 95,290 |  |  | $ | 84,718 |  |  | $ | 42,533 |  |  | $ | 32,081 |  |  | $ | 12,776 |  |  | $ | 29,886 |  |  | $ | 5,097 |  |  | $ | 163 |  |  | $ | 302,544 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Construction and land loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 6,283 |  |  | $ | 5,267 |  |  | $ | 5,367 |  |  | $ | 2,665 |  |  | $ | 916 |  |  | $ | 492 |  |  | $ | 100 |  |  | $ | - |  |  | $ | 21,090 |
Classified |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 6,283 |  |  | $ | 5,267 |  |  | $ | 5,367 |  |  | $ | 2,665 |  |  | $ | 916 |  |  | $ | 492 |  |  | $ | 100 |  |  | $ | - |  |  | $ | 21,090 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Commercial real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 41,644 |  |  | $ | 77,427 |  |  | $ | 58,327 |  |  | $ | 50,744 |  |  | $ | 30,551 |  |  | $ | 57,502 |  |  | $ | 3,017 |  |  | $ | 92 |  |  | $ | 319,304 |
Classified |  |  | - |  |  |  | - |  |  |  | 481 |  |  |  | 22 |  |  |  | 180 |  |  |  | 975 |  |  |  | - |  |  |  | - |  |  |  | 1,658 |
Total |  | $ | 41,644 |  |  | $ | 77,427 |  |  | $ | 58,808 |  |  | $ | 50,766 |  |  | $ | 30,731 |  |  | $ | 58,477 |  |  | $ | 3,017 |  |  | $ | 92 |  |  | $ | 320,962 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Commercial loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 38,818 |  |  | $ | 32,764 |  |  | $ | 16,747 |  |  | $ | 15,511 |  |  | $ | 2,514 |  |  | $ | 4,386 |  |  | $ | 61,046 |  |  | $ | 4,121 |  |  | $ | 175,907 |
Classified |  |  | 226 |  |  |  | 2,000 |  |  |  | 158 |  |  |  | 460 |  |  |  | 57 |  |  |  | - |  |  |  | 1,952 |  |  |  | 182 |  |  |  | 5,035 |
Total |  | $ | 39,044 |  |  | $ | 34,764 |  |  | $ | 16,905 |  |  | $ | 15,971 |  |  | $ | 2,571 |  |  | $ | 4,386 |  |  | $ | 62,998 |  |  | $ | 4,303 |  |  | $ | 180,942 |
Charge-offs |  | $ | - |  |  | $ | (28 | ) |  | $ | (407 | ) |  | $ | (44 | ) |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (479 | )
Agriculture loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 7,862 |  |  | $ | 11,718 |  |  | $ | 4,864 |  |  | $ | 4,092 |  |  | $ | 3,902 |  |  | $ | 12,114 |  |  | $ | 44,352 |  |  | $ | 214 |  |  | $ | 89,118 |
Classified |  |  | - |  |  |  | 16 |  |  |  | 171 |  |  |  | - |  |  |  | 131 |  |  |  | 113 |  |  |  | 131 |  |  |  | - |  |  |  | 562 |
Total |  | $ | 7,862 |  |  | $ | 11,734 |  |  | $ | 5,035 |  |  | $ | 4,092 |  |  | $ | 4,033 |  |  | $ | 12,227 |  |  | $ | 44,483 |  |  | $ | 214 |  |  | $ | 89,680 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Municipal loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 2,774 |  |  | $ | 128 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,605 |  |  | $ | - |  |  | $ | - |  |  | $ | 4,507 |
Classified |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 2,774 |  |  | $ | 128 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,605 |  |  | $ | - |  |  | $ | - |  |  | $ | 4,507 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Consumer loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 4,705 |  |  | $ | 1,332 |  |  | $ | 1,340 |  |  | $ | 1,380 |  |  | $ | 1 |  |  | $ | 4,906 |  |  | $ | 15,221 |  |  | $ | 21 |  |  | $ | 28,906 |
Classified |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 25 |  |  |  | - |  |  |  | 25 |
Total |  | $ | 4,705 |  |  | $ | 1,332 |  |  | $ | 1,340 |  |  | $ | 1,380 |  |  | $ | 1 |  |  | $ | 4,906 |  |  | $ | 15,246 |  |  | $ | 21 |  |  | $ | 28,931 |
Charge-offs |  | $ | - |  |  | $ | - |  |  | $ | (3 | ) |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (368 | ) |  | $ | - |  |  | $ | (371 | )
Total loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonclassified |  | $ | 197,376 |  |  | $ | 213,354 |  |  | $ | 129,178 |  |  | $ | 106,473 |  |  | $ | 50,660 |  |  | $ | 110,699 |  |  | $ | 128,833 |  |  | $ | 4,611 |  |  | $ | 941,184 |
Classified |  |  | 226 |  |  |  | 2,016 |  |  |  | 810 |  |  |  | 482 |  |  |  | 368 |  |  |  | 1,280 |  |  |  | 2,108 |  |  |  | 182 |  |  |  | 7,472 |
Total |  | $ | 197,602 |  |  | $ | 215,370 |  |  | $ | 129,988 |  |  | $ | 106,955 |  |  | $ | 51,028 |  |  | $ | 111,979 |  |  | $ | 130,941 |  |  | $ | 4,793 |  |  | $ | 948,656 |
Charge-offs |  | $ | - |  |  | $ | (28 | ) |  | $ | (410 | ) |  | $ | (44 | ) |  | $ | - |  |  | $ | - |  |  | $ | (368 | ) |  | $ | - |  |  | $ | (850 | )
Schedule of Allowance for Credit Losses Related to Unfunded Loan Commitments | The following table provides information on the Company’s allowance for credit losses related to unfunded loan commitments. Schedule of Allowance for Credit Losses Related to Unfunded Loan Commitments
|  | Years ended December 31, |
(dollars in thousands) |  | 2024 |  |  | 2023 |
Balance at beginning of period |  | $ | 250 |  |  | $ | 170 |
Impact of adopting ASC 326 |  |  | - |  |  |  | - |
Provision (benefit) for credit losses |  |  | (100 | ) |  |  | 80 |
Balance at end of period |  | $ | 150 |  |  | $ | 250 |
Schedule of Troubled Debt Restructurings | Schedule of Troubled Debt Restructurings
(Dollars in thousands) |  | As of December 31, 2024
|  | Amortized cost basis |  |  | % of loan class total |  |  | Financial effect
Interest Only: |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 8,230 |  |  |  | 4.5 | % |  | 6 month interest only payments
Term extension: |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 954 |  |  |  | 0.5 | % |  | 5 month principal payment deferral
(Dollars in thousands) |  | As of December 31, 2023
|  |  | Amortized cost basis |  |  |  | % of loan class total |  |  | Financial effect
Term extension: |  |  |  |  |  |  |  |  |  |
Commercial |  | $ | 141 |  |  |  | 0.1 | % |  | 90 day payment deferral
Schedule of Loan to Directors Officers and Affiliated Parties | The Company had loans and unfunded commitments to directors and officers, and to affiliated parties, at December 31, 2024 and 2023. A summary of such loans is as follows: Schedule of Loan to Directors Officers and Affiliated Parties
(Dollars in thousands) |  |  |  |
Balance at December 31, 2023 |  | $ | 13,056 |
New loans |  |  | 3,500 |
Repayments |  |  | (2,364 | )
Balance at December 31, 2024 |  | $ | 14,192 |

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