Loans And Allowance For Credit Losses (Tables)

3 Months Ended

Mar. 31, 2024

Loans And Allowance For Credit Losses [Abstract]


	As of	As of
	March 31, 2024	December 31, 2023
Commercial	$ 68,257	$ 65,324
Commercial Real Estate:
Commercial Mortgages-Owner Occupied	133,346	131,519
Commercial Mortgages-Non-Owner Occupied	172,178	175,344
Commercial Construction/Land	22,364	21,966
Consumer:
Consumer Open-End	48,073	50,282
Consumer Closed-End	26,691	26,235
Residential:
Residential Mortgages	105,417	106,990
Residential Consumer Construction/Land	31,709	31,673

Total loans	$ 608,035	$ 609,333

Less allowance for credit losses	6,920	7,412

Net loans	$ 601,115	$ 601,921

Amortized Cost Basis Of Collateral Dependent Loans


Collateral Dependent Loans	March 31, 2024
(dollars in thousands)	Business/Other Assets	Real Estate
Commercial	$ 3,969	$ -
Commercial Real Estate	-	7,524
Consumer	-	327
Residential	-	1,101
Total	$ 3,969	$ 8,952


Collateral Dependent Loans	December 31, 2023
(dollars in thousands)	Business/Other Assets	Real Estate
Commercial	$ 313	$ -
Commercial Real Estate	-	3,566
Consumer	-	329
Residential	-	1,105
Total	$ 313	$ 5,000

Allowance For Credit Losses And Recorded Investment In Loans


	Allowance for Credit Losses and Recorded Investment in Loans
	(dollars in thousands)
	As of and For the Three Months Ended March 31, 2024

		Commercial
2024	Commercial	Real Estate	Consumer	Residential	Total

Allowance for Credit Losses:

Beginning Balance, December 31, 2023	$ 514	$ 3,985	$ 1,093	$ 1,820	$ 7,412
Charge-Offs	(8)	-	(57)	-	(65)
Recoveries	65	1	7	1	74
Provision for (recovery of)	73	(344)	(159)	(71)	(501)
Ending Balance, March 31, 2024	$ 644	$ 3,642	$ 884	$ 1,750	$ 6,920


	As of and For the Three Months Ended March 31, 2023

		Commercial
2023	Commercial	Real Estate	Consumer	Residential	Total

Allowance for Credit Losses:

Beginning Balance, December 31, 2022	$ 1,102	$ 2,902	$ 904	$ 1,351	$ 6,259
Adoption of ASU 2016-13	(526)	1,157	257	357	1,245
Charge-Offs	(17)	-	(16)	-	(33)
Recoveries	9	88	5	2	104
Provision for (recovery of)	33	(52)	11	148	140
Ending Balance, March 31, 2023	$ 601	$ 4,095	$ 1,161	$ 1,858	$ 7,715

Amortized Cost Basis By Origination Year


	Term Loans Amortized Cost Basis by Origination Year
	2024	2023	2022	2021	2020	Prior	Revolving Loans Amortized Cost Basis	Total	Revolving Loans Converted to Term
Commercial:
Risk Rating
Pass	$ 4,868	$ 4,458	$ 4,001	$ 8,892	$ 1,984	$ 21,037	$ 18,579	$ 63,819	$ 35
Special Mention	80	-	-	-	128	-	159	367	-
Substandard	-	954	17	230	-	124	2,530	3,855	181
Total	$ 4,948	$ 5,412	$ 4,018	$ 9,122	$ 2,112	$ 21,161	$ 21,268	$ 68,041	$ 216

Commercial Real Estate:
Commercial Mort. - Owner Occupied
Risk Rating
Pass	$ 5,482	$ 9,248	$ 22,450	$ 42,190	$ 7,661	$ 39,290	$ 1,418	$ 127,739	$ 158
Special Mention	-	-	-	-	-	449	-	449	-
Substandard	-	94	-	3,036	45	1,825	-	5,000	-
Total	$ 5,482	$ 9,342	$ 22,450	$ 45,226	$ 7,706	$ 41,564	$ 1,418	$ 133,188	$ 158

Commercial Mort. - Non-Owner Occupied
Risk Rating
Pass	$ 905	$ 12,577	$ 51,521	$ 34,246	$ 10,076	$ 55,672	$ 6,008	$ 171,005	$ -
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	-	1,173	-	-	1,173	-
Total	$ 905	$ 12,577	$ 51,521	$ 34,246	$ 11,249	$ 55,672	$ 6,008	$ 172,178	$ -

Commercial Construction/Land
Risk Rating
Pass	$ 1,721	$ 2,247	$ 787	$ 9,753	$ 2,780	$ 1,074	$ 2,650	$ 21,012	$ -
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	970	382	-	-	-	1,352	-
Total	$ 1,721	$ 2,247	$ 1,757	$ 10,135	$ 2,780	$ 1,074	$ 2,650	$ 22,364	$ -

Consumer:
Consumer - Open-End
Risk Rating
Pass	$ -	$ -	$ -	$ -	$ -	$ -	$ 46,783	$ 46,783	$ 1,049
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	-	-	-	241	241	-
Total	$ -	$ -	$ -	$ -	$ -	$ -	$ 47,024	$ 47,024	$ 1,049

Consumer - Closed-End
Risk Rating
Pass	$ 1,828	$ 5,162	$ 10,725	$ 518	$ 494	$ 7,742	$ -	$ 26,469	$ -
Special Mention	-	-	-	-	13	-	-	13	-
Substandard	-	-	-	-	-	209	-	209	-
Total	$ 1,828	$ 5,162	$ 10,725	$ 518	$ 507	$ 7,951	$ -	$ 26,691	$ -

Residential:
Residential Mortgages
Risk Rating
Pass	$ 2,544	$ 26,225	$ 24,277	$ 9,517	$ 8,861	$ 32,208	$ -	$ 103,632	$ -
Special Mention	-	-	-	-	-	408	-	408	-
Substandard	-	-	-	-	104	1,273	-	1,377	-
Total	$ 2,544	$ 26,225	$ 24,277	$ 9,517	$ 8,965	$ 33,889	$ -	$ 105,417	$ -

Residential Consumer Constr./Land
Risk Rating
Pass	$ 1,351	$ 13,009	$ 8,882	$ 3,112	$ 1,186	$ 4,169	$ -	$ 31,709	$ -
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	-	-	-	-	-	-
Total	$ 1,351	$ 13,009	$ 8,882	$ 3,112	$ 1,186	$ 4,169	$ -	$ 31,709	$ -

Totals:
Risk Rating
Pass	$ 18,699	$ 72,926	$ 122,643	$ 108,228	$ 33,042	$ 161,192	$ 75,438	$ 592,168	$ 1,242
Special Mention	80	-	-	-	141	857	159	1,237	-
Substandard	-	1,048	987	3,648	1,322	3,431	2,771	13,207	181
Total	$ 18,779	$ 73,974	$ 123,630	$ 111,876	$ 34,505	$ 165,480	$ 78,368	$ 606,612	$ 1,423

‎

Note 8 – Loans and allowance for credit losses (continued)

The table below details the amortized cost of the classes of loans by credit quality indicator and year of origination as of December 31 31, 2023.


	Term Loans Amortized Cost Basis by Origination Year
	2023	2022	2021	2020	2019	Prior	Revolving Loans Amortized Cost Basis	Total	Revolving Loans Converted to Term
Commercial
Risk Rating
Pass	$ 6,724	$ 4,559	$ 9,091	$ 6,067	$ 2,754	$ 18,429	$ 16,703	$ 64,327	$ 39
Special Mention	100	-	-	132	-	-	382	614	-
Substandard	-	18	232	-	6	127	-	383	181
Total	$ 6,824	$ 4,577	$ 9,323	$ 6,199	$ 2,760	$ 18,556	$ 17,085	$ 65,324	$ 220

Commercial Real Estate:
Commercial Mort. - Owner Occupied
Risk Rating
Pass	$ 10,260	$ 23,120	$ 45,838	$ 7,972	$ 8,988	$ 31,254	$ 1,630	$ 129,062	$ 159
Special Mention	-	-	-	-	-	456	-	456	-
Substandard	94	-	-	45	283	1,579	-	2,001	-
Total	$ 10,354	$ 23,120	$ 45,838	$ 8,017	$ 9,271	$ 33,289	$ 1,630	$ 131,519	$ 159

Commercial Mort. - Non-Owner Occupied
Risk Rating
Pass	$ 13,069	$ 52,341	$ 35,419	$ 10,210	$ 4,397	$ 52,583	$ 6,152	$ 174,171	$ -
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	1,173	-	-	-	1,173	-
Total	$ 13,069	$ 52,341	$ 35,419	$ 11,383	$ 4,397	$ 52,583	$ 6,152	$ 175,344	$ -

Commercial Construction/Land
Risk Rating
Pass	$ 1,848	$ 3,157	$ 9,869	$ 2,842	$ 628	$ 463	$ 2,768	$ 21,575	$ -
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	391	-	-	-	-	391	-
Total	$ 1,848	$ 3,157	$ 10,260	$ 2,842	$ 628	$ 463	$ 2,768	$ 21,966	$ -

Consumer:
Consumer - Open-End
Risk Rating
Pass	$ -	$ -	$ -	$ -	$ -	$ -	$ 50,042	$ 50,042	$ 1,466
Special Mention	-	-	-	-	-	-	-	-	-
Substandard	-	-	-	-	-	-	240	240	-
Total	$ -	$ -	$ -	$ -	$ -	$ -	$ 50,282	$ 50,282	$ 1,466

Consumer - Closed-End
Risk Rating
Pass	$ 5,587	$ 11,121	$ 588	$ 529	$ 7,647	$ 601	$ -	$ 26,073	$ -
Special Mention	-	-	-	14	-	-	-	14	-
Substandard	-	-	-	-	32	116	-	148	-
Total	$ 5,587	$ 11,121	$ 588	$ 543	$ 7,679	$ 717	$ -	$ 26,235	$ -

Residential:
Residential Mortgages

Risk Rating
Pass	$ 26,854	$ 24,740	$ 10,220	$ 9,007	$ 7,161	$ 25,935	$ -	$ 103,917	$ -
Special Mention	-	-	-	-	-	1,687	-	1,687	-
Substandard	-	-	-	105	54	1,227	-	1,386	-
Total	$ 26,854	$ 24,740	$ 10,220	$ 9,112	$ 7,215	$ 28,849	$ -	$ 106,990	$ -

Residential Consumer Construction/Land
Risk Rating
Pass	$ 10,762	$ 11,341	$ 3,821	$ 1,414	$ 1,896	$ 2,417	$ -	$ 31,651	$ -
Special Mention	-	-	22	-	-	-	-	22	-
Substandard	-	-	-	-	-	-	-	-	-
Total	$ 10,762	$ 11,341	$ 3,843	$ 1,414	$ 1,896	$ 2,417	$ -	$ 31,673	$ -

Totals:
Risk Rating
Pass	$ 75,104	$ 130,379	$ 114,846	$ 38,041	$ 33,471	$ 131,682	$ 77,295	$ 600,818	$ 1,664
Special Mention	100	-	22	146	-	2,143	382	2,793	-
Substandard	94	18	623	1,323	375	3,049	240	5,722	181
Total	$ 75,298	$ 130,397	$ 115,491	$ 39,510	$ 33,846	$ 136,874	$ 77,917	$ 609,333	$ 1,845

‎

Gross Charge-Offs By Origination Year


Current Period Gross Charge-Offs by Origination Year (in thousands)


	2024	2023	2022	2021	2020	Prior	Revolving Loans Amortized Cost Basis	Total	Revolving Loans Converted to Term
Commercial	$ -	$ 8	$ -	$ -	$ -	$ -	$ -	$ 8	$ -
Commercial Real Estate:
Commercial Mortgages-Owner Occupied	-	-	-	-	-	-	-	-	-
Commercial Mortgages-Non-Owner Occupied	-	-	-	-	-	-	-	-	-
Commercial Construction/Land	-	-	-	-	-	-	-	-	-
Consumer:
Consumer Open-End	-	-	-	-	-	2	-	2	-
Consumer Closed-End	-	-	55	-	-	-	-	55	-
Residential:
Residential Mortgages	-	-	-	-	-	-	-	-	-
Residential Consumer Construction/Land	-	-	-	-	-	-	-	-	-

Total	$ -	$ 8	$ 55	$ -	$ -	$ 2	$ -	$ 65	$ -


	2023	2022	2021	2020	2019	Prior	Revolving Loans Amortized Cost Basis	Total	Revolving Loans Converted to Term
Commercial	$ -	$ -	$ -	$ 17	$ -	$ 132	$ -	$ 149	$ -
Commercial Real Estate:
Commercial Mortgages-Owner Occupied	-	-	-	-	-	-	-	-	-
Commercial Mortgages-Non-Owner Occupied	-	-	-	-	-	-	-	-	-
Commercial Construction/Land	-	-	-	-	-	-	-	-	-
Consumer:
Consumer Open-End	-	-	-	-	-	6	7	13	-
Consumer Closed-End	19	33	19	-	-	-	-	71	-
Residential:
Residential Mortgages	-	-	-	-	-	3	-	3	-
Residential Consumer Construction/Land	-	-	-	-	-	-	-	-	-

Total	$ 19	$ 33	$ 19	$ 17	$ -	$ 141	$ 7	$ 236	$ -

Loans On Non-Accrual Status


	CECL
	March 31, 2024
	Nonaccrual Loans
	With No Allowance	With an Allowance	Total
Commercial Real Estate:
Commercial Construction/Land	$ 382	-	$ 382
Consumer
Consumer Open-End	24	-	24
Consumer Closed-End	152	-	152
Total	$ 558	$ -	$ 558


	CECL
	December 31, 2023
	Nonaccrual Loans
	With No Allowance	With an Allowance	Total
Commercial Real Estate:
Commercial Construction/Land	$ 391	-	$ 391

Age Analysis Of Past Due Financing Receivables


Age Analysis of Past Due Loans as of March 31, 2024
														Recorded
						Greater								Investment
2024		30-59 Days		60-89 Days		than		Total Past				Total		> 90 Days &
		Past Due		Past Due		90 Days		Due		Current		Loans		Accruing
Commercial	$	—	$	—	$	—	$	—	$	68,257	$	68,257	$	—
Commercial Real Estate:
Commercial Mortgages-Owner Occupied		199		—		—		199		133,147		133,346		—
Commercial Mortgages-Non-Owner Occupied		—		—		—		—		172,178		172,178		—
Commercial Construction/Land		—		—		—		—		22,364		22,364		—
Consumer:
Consumer Open-End		193		—		24		217		47,856		48,073		—
Consumer Closed-End		19		—		86		105		26,586		26,691		—
Residential:
Residential Mortgages		1,105		74		—		1,179		104,238		105,417		—
Residential Consumer Construction/Land		6		—		—		6		31,703		31,709		—
Total	$	1,522	$	74	$	110	$	1,706	$	606,329	$	608,035	$	—


Age Analysis of Past Due Loans as of December 31, 2023

2023						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	$	—	$	—	$	—	$	—	$	65,324	$	65,324	$	—
Commercial Real Estate:
Commercial Mortgages-Owner Occupied		91		—		—		91		131,428		131,519		—
Commercial Mortgages-Non-Owner Occupied		—		—		—		—		175,344		175,344		—
Commercial Construction/Land		—		—		—		—		21,966		21,966		—
Consumer:
Consumer Open-End		357		—		—		357		49,925		50,282		—
Consumer Closed-End		126		89		—		215		26,020		26,235		—
Residential:
Residential Mortgages		396		—		—		396		106,594		106,990		—
Residential Consumer Construction/Land		—		—		—		—		31,673		31,673		—
Total	$	970	$	89	$	—	$	1,059	$	608,274	$	609,333	$	—

Allowance For Credit Losses On Unfunded Commitments


Allowance for Credit Losses on Unfunded Commitments
Balance, December 31, 2023	$ 665
Recovery of credit losses	(52)
Balance March 31, 2024	$ 613

Balance, December 31, 2022	$ -
Adoption of ASU 2016-13	779
Provision for credit losses	30
Balance March 31, 2023	$ 809

Changes In OREO Balance


	Three-months Ended Year Ended
	March 31, 2024		December 31, 2023
Balance at the beginning of the year (net)	$	—	$	566
Transfers from loans		—		—
Capitalized costs		—		—
Valuation adjustments		—		(23)
Sales proceeds		—		(540)
Loss on disposition		—		(3)
Balance at the end of the period (net)	$	—	$	—