Loans And Allowance For Loan Losses OREO (Tables)

3 Months Ended

Mar. 31, 2022


	As of:
	March 31,		December 31,
	2022		2021
Commercial	$	104,919	$	105,067
Commercial real estate		349,547		338,149
Consumer		88,642		89,102
Residential		52,686		51,066

Total loans (1)		595,794		583,384

Less allowance for loan losses		6,870		6,915

Net loans	$	588,924	$	576,469

(1)Includes net deferred costs of $496 and $372 as of March 31, 2022 and December 31, 2021, respectively.


	As of
	March 31, 2022		December 31, 2021
Commercial	$	—		$	25
Commercial Real Estate:
Commercial Mortgages-Owner Occupied		502			501
Commercial Mortgages-Non-Owner Occupied		133			138
Commercial Construction		—			—
Consumer
Consumer Unsecured		—			—
Consumer Secured		58			127
Residential:
Residential Mortgages		159			163
Residential Consumer Construction		—			—

Totals	$	852		$	954


	Three Months Ended Year Ended
	March 31, 2022		December 31, 2021
Balance at the beginning of the year (net)	$	761	$	1,105
Transfers from loans		—		111
Capitalized costs		—		—
Valuation adjustments		—		—
Sales proceeds		—		(368)
Loss on disposition		—		(87)
Balance at the end of the period (net)	$	761	$	761



		Impaired Loans
		(dollars in thousands)
		As of and For the Three Months Ended March 31, 2022
			Unpaid		Average	Interest
		Recorded	Principal	Related	Recorded	Income
2022		Investment	Balance	Allowance	Investment	Recognized
With No Related Allowance Recorded:
	Commercial	$ 15	$ 65	$ -	$ 16	$ 1
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	1,594	1,786	-	2,093	24
	Commercial Mortgage Non-Owner Occupied	98	98	-	100	2
	Commercial Construction	-	-	-	-	-
	Consumer
	Consumer Unsecured	-	-	-	-	-
	Consumer Secured	8	8	-	34	-
	Residential
	Residential Mortgages	1,365	1,442	-	1,341	13
	Residential Consumer Construction	-	-	-	-	-

With an Allowance Recorded:
	Commercial	$ -	$ -	$ -	$ -	$ -
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	-	-	-	-	-
	Commercial Mortgage Non-Owner Occupied	-	-	-	-	-
	Commercial Construction	-	-	-	-	-
	Consumer
	Consumer Unsecured	-	-	-	-	-
	Consumer Secured	-	-	-	-	-
	Residential
	Residential Mortgages	-	-	-	-	-
	Residential Consumer Construction	-	-	-	-	-

Totals:
	Commercial	$ 15	$ 65	$ -	$ 16	$ 1
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	1,594	1,786	-	2,093	24
	Commercial Mortgage Non-Owner Occupied	98	98	-	100	2
	Commercial Construction	-	-	-	-	-
	Consumer
	Consumer Unsecured	-	-	-	-	-
	Consumer Secured	8	8	-	34	-
	Residential
	Residential Mortgages	1,365	1,442	-	1,341	13
	Residential Consumer Construction	-	-	-	-	-
		$ 3,080	$ 3,399	$ -	$ 3,584	$ 40

‎

Note 8 – Loans, allowance for loan losses and OREO (continued)



		Impaired Loans
		(dollars in thousands)
		As of and For the Year Ended December 31, 2021
			Unpaid		Average	Interest
		Recorded	Principal	Related	Recorded	Income
2021		Investment	Balance	Allowance	Investment	Recognized
With No Related Allowance Recorded:
	Commercial	$ 17	$ 67	$ -	$ 179	$ 5
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	2,592	2,971	-	2,368	154
	Commercial Mortgage Non-Owner Occupied	102	102	-	371	13
	Commercial Construction	-	-	-	-	-
	Consumer
	Consumer Unsecured	-	-	-	-	-
	Consumer Secured	59	60	-	201	2
	Residential
	Residential Mortgages	1,316	1,390	-	1,332	47
	Residential Consumer Construction	-	-	-	-	-

With an Allowance Recorded:
	Commercial	$ -	$ -	$ -	$ 2	$ -
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	-	-	-	-	-
	Commercial Mortgage Non-Owner Occupied	-	-	-	-	-
	Commercial Construction	-	-	-	-	-
	Consumer
	Consumer Unsecured	-	-	-	-	-
	Consumer Secured	-	-	-	-	-
	Residential
	Residential Mortgages	-	-	-	-	-
	Residential Consumer Construction	-	-	-	-	-

Totals:
	Commercial	$ 17	$ 67	$ -	$ 181	$ 5
	Commercial Real Estate
	Commercial Mortgages-Owner Occupied	2,592	2,971	-	2,368	154
	Commercial Mortgage Non-Owner Occupied	102	102	-	371	13
	Commercial Construction	-	-	-	-	-
	Consumer
	Consumer Unsecured	-	-	-	-	-
	Consumer Secured	59	60	-	201	2
	Residential
	Residential Mortgages	1,316	1,390	-	1,332	47
	Residential Consumer Construction	-	-	-	-	-
		$ 4,086	$ 4,590	$ -	$ 4,453	$ 221



	Allowance for Loan Losses and Recorded Investment in Loans
	(dollars in thousands)
	As of and For the Three Months Ended March 31, 2022

		Commercial
2022	Commercial	Real Estate	Consumer	Residential	Total

Allowance for Loan Losses:

Beginning Balance	$ 1,471	$ 3,637	$ 860	$ 947	$ 6,915
Charge-Offs	-	-	(8)	-	(8)
Recoveries	56	203	2	2	263
Provision (Recovery of)	(93)	(483)	(10)	286	(300)
Ending Balance	1,434	3,357	844	1,235	6,870

Ending Balance: Individually evaluated for impairment	-	-	-	-	-

Ending Balance: Collectively evaluated for impairment	1,434	3,357	844	1,235	6,870

Totals:	$ 1,434	$ 3,357	$ 844	$ 1,235	$ 6,870

Financing Receivables:
Ending Balance: Individually evaluated for impairment	15	1,692	8	1,365	3,080

Ending Balance: Collectively evaluated for impairment	104,904	347,855	88,634	51,321	592,714

Totals:	$ 104,919	$ 349,547	$ 88,642	$ 52,686	$ 595,794

‎

Note 8 – Loans, allowance for loan losses and OREO (continued)



	Allowance for Loan Losses and Recorded Investment in Loans
	(dollars in thousands)
	As of and For the Year Ended December 31, 2021

		Commercial
2021	Commercial	Real Estate	Consumer	Residential	Total

Allowance for Loan Losses:

Beginning Balance	$ 2,001	$ 3,550	$ 868	$ 737	$ 7,156
Charge-Offs	(53)	-	(38)	-	(91)
Recoveries	112	72	29	137	350
Provision (Recovery of)	(589)	15	1	73	(500)
Ending Balance	1,471	3,637	860	947	6,915

Ending Balance: Individually evaluated for impairment	-	-	-	-	-

Ending Balance: Collectively evaluated for impairment	1,471	3,637	860	947	6,915

Totals:	$ 1,471	$ 3,637	$ 860	$ 947	$ 6,915

Financing Receivables:
Ending Balance: Individually evaluated for impairment	17	2,694	59	1,316	4,086

Ending Balance: Collectively evaluated for impairment	105,050	335,455	89,043	49,750	579,298

Totals:	$ 105,067	$ 338,149	$ 89,102	$ 51,066	$ 583,384


Credit Quality Information - by Class
March 31, 2022
2022		Pass		Monitor		Special		Substandard		Doubtful		Totals
						Mention
Commercial	$	92,528	$	4,351	$	7,932	$	108	$	—	$	104,919
Commercial Real Estate:
Commercial Mortgages-Owner Occupied		121,540		5,903		2,206		1,613		—		131,262
Commercial Mortgages-Non-Owner Occupied		186,238		2,465		—		301		—		189,004
Commercial Construction		29,281		—		—		—		—		29,281
Consumer
Consumer Unsecured		4,620		—		22		1		—		4,643
Consumer Secured		83,839		—		—		160		—		83,999
Residential:
Residential Mortgages		31,457		—		—		1,486		—		32,943
Residential Consumer Construction		19,743		—		—		—		—		19,743

Totals	$	569,246	$	12,719	$	10,160	$	3,669	$	—	$	595,794


Credit Quality Information - by Class
December 31, 2021
2021		Pass		Monitor		Special		Substandard		Doubtful		Totals
						Mention
Commercial	$	92,789	$	7,965	$	4,262	$	51	$	—	$	105,067
Commercial Real Estate:
Commercial Mortgages-Owner Occupied		116,098		5,986		4,130		2,620		—		128,834
Commercial Mortgages-Non-Owner Occupied		176,291		2,506		—		316		—		179,113
Commercial Construction		30,202		—		—		—		—		30,202
Consumer
Consumer Unsecured		2,581		—		23		1		—		2,605
Consumer Secured		86,265		—		—		232		—		86,497
Residential:
Residential Mortgages		30,486		—		—		1,439		—		31,925
Residential Consumer Construction		19,141		—		—		—		—		19,141

Totals	$	553,853	$	16,457	$	8,415	$	4,659	$	—	$	583,384


Age Analysis of Past Due Loans as of March 31, 2022
														Recorded
						Greater								Investment
2022		30-59 Days		60-89 Days		than		Total Past				Total		> 90 Days &
		Past Due		Past Due		90 Days		Due		Current		Loans		Accruing
Commercial	$	75	$	—	$	—	$	75	$	104,844	$	104,919	$	—
Commercial Real Estate:
Commercial Mortgages-Owner Occupied		—		—		502		502		130,760		131,262		—
Commercial Mortgages-Non-Owner Occupied		—		—		—		—		189,004		189,004		—
Commercial Construction		—		—		—		—		29,281		29,281		—
Consumer:
Consumer Unsecured		1		—		—		1		4,642		4,643		—
Consumer Secured		311		8		49		368		83,631		83,999		—
Residential:
Residential Mortgages		209		62		97		368		32,575		32,943		—
Residential Consumer Construction		—		—		—		—		19,743		19,743		—
Total	$	596	$	70	$	648	$	1,314	$	594,480	$	595,794	$	—


Age Analysis of Past Due Loans as of December 31, 2021

2021						Greater								Investment
		30-59 Days		60-89 Days		than		Total Past				Total		> 90 Days &
		Past Due		Past Due		90 Days		Due		Current		Loans		Accruing
Commercial	$	—	$	1	$	25	$	26	$	105,041	$	105,067	$	—
Commercial Real Estate:
Commercial Mortgages-Owner Occupied		464		—		501		965		127,869		128,834		—
Commercial Mortgages-Non-Owner Occupied		1,310		—		—		1,310		177,803		179,113		—
Commercial Construction		—		—		—		—		30,202		30,202		—
Consumer:
Consumer Unsecured		8		1		—		9		2,596		2,605		—
Consumer Secured		111		3		118		232		86,265		86,497		—
Residential:
Residential Mortgages		948		—		163		1,111		30,814		31,925		—
Residential Consumer Construction		—		—		—		—		19,141		19,141		—
Total	$	2,841	$	5	$	807	$	3,653	$	579,731	$	583,384	$	—