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Loans and Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss, Writeoff, after Recovery [Abstract] |
Schedule of Loan Portfolio | As of December 31, 2024 and 2023, the composition of the loan portfolio by portfolio segment was as follows:
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | (Dollars in Thousands) |
Real estate loans: |  |  |  |  |  |
Construction, land development and other land loans |  | $ | 65,537 |  |  | $ | 88,140 |
Secured by 1-4 family residential properties |  |  | 69,999 |  |  |  | 76,200 |
Secured by multi-family residential properties |  |  | 101,057 |  |  |  | 62,397 |
Secured by non-farm, non-residential properties |  |  | 227,751 |  |  |  | 213,586 |
Commercial and industrial loans (1) |  |  | 44,238 |  |  |  | 60,515 |
Consumer loans: |  |  |  |  |  |
Direct |  |  | 4,774 |  |  |  | 5,938 |
Branch retail |  |  | 5,558 |  |  |  | 8,670 |
Indirect |  |  | 304,125 |  |  |  | 306,345 |
Total loans |  |  | 823,039 |  |  |  | 821,791 |
Allowance for credit losses on loans and leases |  |  | 10,184 |  |  |  | 10,507 |
Net loans (2) |  | $ | 812,855 |  |  | $ | 811,284 |
(1) Includes equipment financing leases, totaling $14.2 million and $12.6 million as of December 31, 2024 and 2023, respectively. (2) Loans are presented net of unearned income and unamortized deferred fees and costs of $0.8 million as of both December 31, 2024 and 2023. In addition, loans are also presented net of unamortized premiums associated with Indirect loans of $10.6 million and $10.2 million as of December 31, 2024 and 2023, respectively.
Allowance for Credit Losses on Loans and Leases | The following tables present changes in the allowance for credit losses on loans and leases, as well as unfunded lending commitments, by portfolio segment, during the years ended December 31, 2024 and 2023:
|  | As of and for the Year Ended December 31, 2024 |
|  | Construction, Land Development, and Other |  |  | Real Estate 1-4 Family |  |  | Real Estate Multi- Family |  |  | Non- Farm Non- Residential |  |  | Commercial and Industrial |  |  | Direct Consumer |  |  | Branch Retail |  |  | Indirect Consumer |  |  | Total |
|  | (Dollars in Thousands) |
Allowance for credit losses on loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 565 |  |  | $ | 591 |  |  | $ | 415 |  |  | $ | 1,425 |  |  | $ | 513 |  |  | $ | 64 |  |  | $ | 436 |  |  | $ | 6,498 |  |  | $ | 10,507 |
Charge-offs |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (248 | ) |  |  | (121 | ) |  |  | (62 | ) |  |  | (63 | ) |  |  | (1,318 | ) |  |  | (1,814 | )
Recoveries |  |  | 20 |  |  |  | 56 |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | 300 |  |  |  | 148 |  |  |  | 150 |  |  |  | 676 |
Provision for (recovery of) credit losses |  |  | (233 | ) |  |  | (239 | ) |  |  | 131 |  |  |  | 251 |  |  |  | 1,137 |  |  |  | (253 | ) |  |  | (451 | ) |  |  | 472 |  |  |  | 815 |
Allowance for credit losses on loans and leases |  | $ | 352 |  |  | $ | 406 |  |  | $ | 546 |  |  | $ | 1,428 |  |  | $ | 1,531 |  |  | $ | 49 |  |  | $ | 70 |  |  | $ | 5,802 |  |  | $ | 10,184 |
Allowance for credit losses on unfunded lending commitments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 450 |  |  | $ | 1 |  |  | $ | 9 |  |  | $ | 2 |  |  | $ | 102 |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 569 |
Provision for (recovery of) credit losses on unfunded lending commitments |  |  | (170 | ) |  |  | — |  |  |  | 34 |  |  |  | 14 |  |  |  | (68 | ) |  |  | (3 | ) |  |  | — |  |  |  | — |  |  |  | (193 | )
Allowance for credit losses on unfunded lending commitments |  | $ | 280 |  |  | $ | 1 |  |  | $ | 43 |  |  | $ | 16 |  |  | $ | 34 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 376 |
|  | As of and for the Year Ended December 31, 2023 |
|  | Construction, Land Development, and Other |  |  | Real Estate 1-4 Family |  |  | Real Estate Multi- Family |  |  | Non- Farm Non- Residential |  |  | Commercial and Industrial |  |  | Direct Consumer |  |  | Branch Retail |  |  | Indirect Consumer |  |  | Total |
|  | (Dollars in Thousands) |
Allowance for credit losses on loans and leases: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 517 |  |  | $ | 832 |  |  | $ | 646 |  |  | $ | 1,970 |  |  | $ | 919 |  |  | $ | 866 |  |  | $ | 518 |  |  | $ | 3,154 |  |  | $ | 9,422 |
Impact of adopting CECL accounting guidance |  |  | (94 | ) |  |  | (39 | ) |  |  | (85 | ) |  |  | (147 | ) |  |  | (20 | ) |  |  | 47 |  |  |  | 628 |  |  |  | 1,833 |  |  |  | 2,123 |
Charge-offs |  |  | — |  |  |  | (97 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (571 | ) |  |  | (445 | ) |  |  | (932 | ) |  |  | (2,045 | )
Recoveries |  |  | — |  |  |  | 54 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 619 |  |  |  | 243 |  |  |  | 49 |  |  |  | 965 |
Provision for (recovery of) credit losses |  |  | 142 |  |  |  | (159 | ) |  |  | (146 | ) |  |  | (398 | ) |  |  | (386 | ) |  |  | (897 | ) |  |  | (508 | ) |  |  | 2,394 |  |  |  | 42 |
Allowance for credit losses on loans and leases |  | $ | 565 |  |  | $ | 591 |  |  | $ | 415 |  |  | $ | 1,425 |  |  | $ | 513 |  |  | $ | 64 |  |  | $ | 436 |  |  | $ | 6,498 |  |  | $ | 10,507 |
Allowance for credit losses on unfunded lending commitments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Impact of adopting CECL accounting guidance |  |  | 172 |  |  |  | 39 |  |  |  | 3 |  |  |  | 2 |  |  |  | — |  |  |  | 68 |  |  |  | 8 |  |  |  | — |  |  |  | 292 |
Provision for (recovery of) credit losses on unfunded lending commitments |  |  | 278 |  |  |  | (38 | ) |  |  | 6 |  |  |  | — |  |  |  | 102 |  |  |  | (63 | ) |  |  | (8 | ) |  |  | — |  |  |  | 277 |
Allowance for credit losses on unfunded lending commitments |  | $ | 450 |  |  | $ | 1 |  |  | $ | 9 |  |  | $ | 2 |  |  | $ | 102 |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 569 |
Loans By Credit Quality Indicators | The tables below illustrate the carrying amount of loans by credit quality indicator and year of origination as of December 31, 2024:
|  | December 31, 2024 |
|  | Loans at Amortized Cost Basis by Origination Year |  |  |  |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Total |
|  | (Dollars in Thousands) |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land development and other land loans | Pass | $ | 852 |  |  | $ | 4,626 |  |  | $ | 45,087 |  |  | $ | 11,931 |  |  | $ | 41 |  |  | $ | 450 |  |  | $ | 62,987 |
| Special Mention |  | — |  |  |  | — |  |  |  | — |  |  |  | 61 |  |  |  | — |  |  |  | — |  |  |  | 61 |
| Substandard |  | — |  |  |  | 2,489 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,489 |
| Doubtful |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Loss |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Subtotal | $ | 852 |  |  | $ | 7,115 |  |  | $ | 45,087 |  |  | $ | 11,992 |  |  | $ | 41 |  |  | $ | 450 |  |  | $ | 65,537 |
| Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Secured by multi-family residential properties | Pass | $ | 7,941 |  |  | $ | 8,218 |  |  | $ | 42,077 |  |  | $ | 17,557 |  |  | $ | 5,592 |  |  | $ | 19,672 |  |  | $ | 101,057 |
| Special Mention |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Substandard |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Doubtful |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Loss |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Subtotal | $ | 7,941 |  |  | $ | 8,218 |  |  | $ | 42,077 |  |  | $ | 17,557 |  |  | $ | 5,592 |  |  | $ | 19,672 |  |  | $ | 101,057 |
| Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Secured by non-farm, non-residential properties | Pass | $ | 25,251 |  |  | $ | 24,906 |  |  | $ | 34,930 |  |  | $ | 36,793 |  |  | $ | 54,527 |  |  | $ | 49,681 |  |  | $ | 226,088 |
| Special Mention |  | — |  |  |  | — |  |  |  | 316 |  |  |  | — |  |  |  | 334 |  |  |  | — |  |  |  | 650 |
| Substandard |  | — |  |  |  | — |  |  |  | — |  |  |  | 483 |  |  |  | 147 |  |  |  | 383 |  |  |  | 1,013 |
| Doubtful |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Loss |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Subtotal | $ | 25,251 |  |  | $ | 24,906 |  |  | $ | 35,246 |  |  | $ | 37,276 |  |  | $ | 55,008 |  |  | $ | 50,064 |  |  | $ | 227,751 |
| Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 248 |  |  | $ | 248 |
Commercial and industrial loans and leases | Pass | $ | 13,458 |  |  | $ | 5,562 |  |  | $ | 3,499 |  |  | $ | 5,189 |  |  | $ | 2,888 |  |  | $ | 9,963 |  |  | $ | 40,559 |
| Special Mention |  | — |  |  |  | — |  |  |  | 30 |  |  |  | 60 |  |  |  | — |  |  |  | — |  |  |  | 90 |
| Substandard |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | 303 |  |  |  | 305 |
| Doubtful |  | — |  |  |  | 3,284 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,284 |
| Loss |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Subtotal | $ | 13,458 |  |  | $ | 8,846 |  |  | $ | 3,529 |  |  | $ | 5,251 |  |  | $ | 2,888 |  |  | $ | 10,266 |  |  | $ | 44,238 |
| Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | 54 |  |  | $ | — |  |  | $ | 43 |  |  | $ | 24 |  |  | $ | 121 |
Total commercial | Pass | $ | 47,502 |  |  | $ | 43,312 |  |  | $ | 125,593 |  |  | $ | 71,470 |  |  | $ | 63,048 |  |  | $ | 79,766 |  |  | $ | 430,691 |
| Special Mention |  | — |  |  |  | — |  |  |  | 346 |  |  |  | 121 |  |  |  | 334 |  |  |  | — |  |  |  | 801 |
| Substandard |  | — |  |  |  | 2,489 |  |  |  | — |  |  |  | 485 |  |  |  | 147 |  |  |  | 686 |  |  |  | 3,807 |
| Doubtful |  | — |  |  |  | 3,284 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,284 |
| Loss |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 47,502 |  |  | $ | 49,085 |  |  | $ | 125,939 |  |  | $ | 72,076 |  |  | $ | 63,529 |  |  | $ | 80,452 |  |  | $ | 438,583 |
| Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | 54 |  |  | $ | — |  |  | $ | 43 |  |  | $ | 272 |  |  | $ | 369 |
|  |  |  | December 31, 2024 |
|  |  |  | Loans at Amortized Cost Basis by Origination Year |  |  |  |
|  |  |  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  | Total |
|  |  |  | (Dollars in Thousands) |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured by 1-4 family residential properties |  | Performing |  | $ | 4,559 |  |  | $ | 3,525 |  |  | $ | 18,060 |  |  | $ | 14,746 |  |  | $ | 5,884 |  |  | $ | 21,612 |  |  | $ | 68,386 |
|  | Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,613 |  |  |  | 1,613 |
|  | Subtotal |  | $ | 4,559 |  |  | $ | 3,525 |  |  | $ | 18,060 |  |  | $ | 14,746 |  |  | $ | 5,884 |  |  | $ | 23,225 |  |  | $ | 69,999 |
|  | Current period gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | 2 |
Direct |  | Performing |  | $ | 2,397 |  |  | $ | 1,077 |  |  | $ | 430 |  |  | $ | 487 |  |  | $ | 283 |  |  | $ | 100 |  |  | $ | 4,774 |
|  | Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Subtotal |  | $ | 2,397 |  |  | $ | 1,077 |  |  | $ | 430 |  |  | $ | 487 |  |  | $ | 283 |  |  | $ | 100 |  |  | $ | 4,774 |
|  | Current period gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 42 |  |  | $ | 3 |  |  | $ | 16 |  |  | $ | 62 |
Branch retail |  | Performing |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,232 |  |  | $ | 1,818 |  |  | $ | 2,508 |  |  | $ | 5,558 |
|  | Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Subtotal |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,232 |  |  | $ | 1,818 |  |  | $ | 2,508 |  |  | $ | 5,558 |
|  | Current period gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 10 |  |  | $ | 24 |  |  | $ | 29 |  |  | $ | 63 |
Indirect |  | Performing |  | $ | 54,546 |  |  | $ | 72,461 |  |  | $ | 74,514 |  |  | $ | 54,672 |  |  | $ | 40,090 |  |  | $ | 7,842 |  |  | $ | 304,125 |
|  | Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Subtotal |  | $ | 54,546 |  |  | $ | 72,461 |  |  | $ | 74,514 |  |  | $ | 54,672 |  |  | $ | 40,090 |  |  | $ | 7,842 |  |  | $ | 304,125 |
|  | Current period gross charge-offs |  | $ | 21 |  |  | $ | 95 |  |  | $ | 278 |  |  | $ | 521 |  |  | $ | 305 |  |  | $ | 98 |  |  | $ | 1,318 |
Total consumer |  | Performing |  | $ | 61,502 |  |  | $ | 77,063 |  |  | $ | 93,004 |  |  | $ | 71,137 |  |  | $ | 48,075 |  |  | $ | 32,062 |  |  | $ | 382,843 |
|  | Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,613 |  |  |  | 1,613 |
|  |  |  | $ | 61,502 |  |  | $ | 77,063 |  |  | $ | 93,004 |  |  | $ | 71,137 |  |  | $ | 48,075 |  |  | $ | 33,675 |  |  | $ | 384,456 |
|  | Current period gross charge-offs |  | $ | 21 |  |  | $ | 95 |  |  | $ | 279 |  |  | $ | 573 |  |  | $ | 332 |  |  | $ | 145 |  |  | $ | 1,445 |
The tables below illustrate the carrying amount of loans by credit quality indicator and year of origination as of December 31, 2023:
|  | December 31, 2023 |
|  | Loans at Amortized Cost Basis by Origination Year |  |  |  |
|  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Total |
|  | (Dollars in Thousands) |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land development and other land loans | Pass | $ | 7,913 |  |  | $ | 37,068 |  |  | $ | 41,800 |  |  | $ | 804 |  |  | $ | — |  |  | $ | 555 |  |  | $ | 88,140 |
| Special Mention |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Substandard |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Doubtful |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Loss |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Subtotal | $ | 7,913 |  |  | $ | 37,068 |  |  | $ | 41,800 |  |  | $ | 804 |  |  | $ | — |  |  | $ | 555 |  |  | $ | 88,140 |
| Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Secured by multi-family residential properties | Pass | $ | 407 |  |  | $ | 29,683 |  |  | $ | 5,950 |  |  | $ | 5,676 |  |  | $ | 7,063 |  |  | $ | 13,618 |  |  | $ | 62,397 |
| Special Mention |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Substandard |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Doubtful |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Loss |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Subtotal | $ | 407 |  |  | $ | 29,683 |  |  | $ | 5,950 |  |  | $ | 5,676 |  |  | $ | 7,063 |  |  | $ | 13,618 |  |  | $ | 62,397 |
| Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Secured by non-farm, non-residential properties | Pass | $ | 26,521 |  |  | $ | 36,141 |  |  | $ | 23,551 |  |  | $ | 56,404 |  |  | $ | 18,127 |  |  | $ | 46,261 |  |  | $ | 207,005 |
| Special Mention |  | — |  |  |  | 532 |  |  |  | 1,776 |  |  |  | 344 |  |  |  | — |  |  |  | 1,448 |  |  |  | 4,100 |
| Substandard |  | — |  |  |  | — |  |  |  | — |  |  |  | 152 |  |  |  | — |  |  |  | 2,329 |  |  |  | 2,481 |
| Doubtful |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Loss |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Subtotal | $ | 26,521 |  |  | $ | 36,673 |  |  | $ | 25,327 |  |  | $ | 56,900 |  |  | $ | 18,127 |  |  | $ | 50,038 |  |  | $ | 213,586 |
| Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Commercial and industrial loans | Pass | $ | 10,948 |  |  | $ | 6,187 |  |  | $ | 14,586 |  |  | $ | 2,593 |  |  | $ | 1,565 |  |  | $ | 22,614 |  |  | $ | 58,493 |
| Special Mention |  | — |  |  |  | 159 |  |  |  | 782 |  |  |  | 174 |  |  |  | 38 |  |  |  | — |  |  |  | 1,153 |
| Substandard |  | — |  |  |  | 116 |  |  |  | 191 |  |  |  | 59 |  |  |  | 260 |  |  |  | 243 |  |  |  | 869 |
| Doubtful |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Loss |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Subtotal | $ | 10,948 |  |  | $ | 6,462 |  |  | $ | 15,559 |  |  | $ | 2,826 |  |  | $ | 1,863 |  |  | $ | 22,857 |  |  | $ | 60,515 |
| Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total commercial | Pass | $ | 45,789 |  |  | $ | 109,079 |  |  | $ | 85,887 |  |  | $ | 65,477 |  |  | $ | 26,755 |  |  | $ | 83,048 |  |  | $ | 416,035 |
| Special Mention |  | — |  |  |  | 691 |  |  |  | 2,558 |  |  |  | 518 |  |  |  | 38 |  |  |  | 1,448 |  |  |  | 5,253 |
| Substandard |  | — |  |  |  | 116 |  |  |  | 191 |  |  |  | 211 |  |  |  | 260 |  |  |  | 2,572 |  |  |  | 3,350 |
| Doubtful |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Loss |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 45,789 |  |  | $ | 109,886 |  |  | $ | 88,636 |  |  | $ | 66,206 |  |  | $ | 27,053 |  |  | $ | 87,068 |  |  | $ | 424,638 |
| Current period gross charge-offs | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  |  |  | December 31, 2023 |
|  |  |  | Loans at Amortized Cost Basis by Origination Year |  |  |  |
|  |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | Prior |  |  | Total |
|  |  |  | (Dollars in Thousands) |
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured by 1-4 family residential properties |  | Performing |  | $ | 4,230 |  |  | $ | 20,172 |  |  | $ | 14,986 |  |  | $ | 6,675 |  |  | $ | 8,950 |  |  | $ | 20,334 |  |  | $ | 75,347 |
|  | Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 853 |  |  |  | 853 |
|  | Subtotal |  | $ | 4,230 |  |  | $ | 20,172 |  |  | $ | 14,986 |  |  | $ | 6,675 |  |  | $ | 8,950 |  |  | $ | 21,187 |  |  | $ | 76,200 |
|  | Current period gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 97 |  |  | $ | 97 |
Direct consumer |  | Performing |  | $ | 2,383 |  |  | $ | 1,157 |  |  | $ | 1,485 |  |  | $ | 575 |  |  | $ | 225 |  |  | $ | 113 |  |  | $ | 5,938 |
|  | Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Subtotal |  | $ | 2,383 |  |  | $ | 1,157 |  |  | $ | 1,485 |  |  | $ | 575 |  |  | $ | 225 |  |  | $ | 113 |  |  | $ | 5,938 |
|  | Current period gross charge-offs |  | $ | 2 |  |  | $ | 5 |  |  | $ | 316 |  |  | $ | 118 |  |  | $ | 42 |  |  | $ | 88 |  |  | $ | 571 |
Branch retail |  | Performing |  | $ | — |  |  | $ | — |  |  | $ | 2,160 |  |  | $ | 2,696 |  |  | $ | 1,572 |  |  | $ | 2,242 |  |  | $ | 8,670 |
|  | Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Subtotal |  | $ | — |  |  | $ | — |  |  | $ | 2,160 |  |  | $ | 2,696 |  |  | $ | 1,572 |  |  | $ | 2,242 |  |  | $ | 8,670 |
|  | Current period gross charge-offs |  | $ | — |  |  | $ | — |  |  | $ | 108 |  |  | $ | 140 |  |  | $ | 57 |  |  | $ | 140 |  |  | $ | 445 |
Indirect consumer |  | Performing |  | $ | 88,688 |  |  | $ | 89,376 |  |  | $ | 66,147 |  |  | $ | 50,883 |  |  | $ | 5,485 |  |  | $ | 5,712 |  |  | $ | 306,291 |
|  | Non-performing |  |  | — |  |  |  | — |  |  |  | 54 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 54 |
|  | Subtotal |  | $ | 88,688 |  |  | $ | 89,376 |  |  | $ | 66,201 |  |  | $ | 50,883 |  |  | $ | 5,485 |  |  | $ | 5,712 |  |  | $ | 306,345 |
|  | Current period gross charge-offs |  | $ | 6 |  |  | $ | 235 |  |  | $ | 332 |  |  | $ | 270 |  |  | $ | 39 |  |  | $ | 50 |  |  | $ | 932 |
Total consumer: |  | Performing |  | $ | 95,301 |  |  | $ | 110,705 |  |  | $ | 84,778 |  |  | $ | 60,829 |  |  | $ | 16,232 |  |  | $ | 28,401 |  |  | $ | 396,246 |
|  | Non-performing |  |  | — |  |  |  | — |  |  |  | 54 |  |  |  | — |  |  |  | — |  |  |  | 853 |  |  |  | 907 |
|  |  |  | $ | 95,301 |  |  | $ | 110,705 |  |  | $ | 84,832 |  |  | $ | 60,829 |  |  | $ | 16,232 |  |  | $ | 29,254 |  |  | $ | 397,153 |
|  | Current period gross charge-offs |  | $ | 8 |  |  | $ | 240 |  |  | $ | 756 |  |  | $ | 528 |  |  | $ | 138 |  |  | $ | 375 |  |  | $ | 2,045 |
Aging Analysis of Past Due Loans | The following table provides an aging analysis of past due loans by portfolio segment as of December 31, 2024:
|  | As of December 31, 2024 |
|  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | 90 Days Or Greater |  |  | Total Past Due |  |  | Current |  |  | Total Loans |  |  | Recorded Investment > 90 Days And Accruing |
|  | (Dollars in Thousands) |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land development and other land loans |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 65,537 |  |  | $ | 65,537 |  |  | $ | — |
Secured by 1-4 family residential properties |  |  | 515 |  |  |  | — |  |  |  | — |  |  |  | 515 |  |  |  | 69,484 |  |  |  | 69,999 |  |  |  | — |
Secured by multi-family residential properties |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 101,057 |  |  |  | 101,057 |  |  |  | — |
Secured by non-farm, non-residential properties |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 227,751 |  |  |  | 227,751 |  |  |  | — |
Commercial and industrial loans |  |  | 3,317 |  |  |  | — |  |  |  | — |  |  |  | 3,317 |  |  |  | 40,921 |  |  |  | 44,238 |  |  |  | — |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct |  |  | 15 |  |  |  | — |  |  |  | — |  |  |  | 15 |  |  |  | 4,759 |  |  |  | 4,774 |  |  |  | — |
Branch retail |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 5,554 |  |  |  | 5,558 |  |  |  |
Indirect |  |  | 485 |  |  |  | 47 |  |  |  | — |  |  |  | 532 |  |  |  | 303,593 |  |  |  | 304,125 |  |  |  | — |
Total |  | $ | 4,336 |  |  | $ | 47 |  |  | $ | — |  |  | $ | 4,383 |  |  | $ | 818,656 |  |  | $ | 823,039 |  |  | $ | — |
As a percentage of total loans |  |  | 0.52 | % |  |  | 0.01 | % |  |  | 0.00 | % |  |  | 0.53 | % |  |  | 99.47 | % |  |  | 100.00 | % |  |  |
The following table provides an aging analysis of past due loans by portfolio segment as of December 31, 2023:
|  | As of December 31, 2023 |
|  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | 90 Days Or Greater |  |  | Total Past Due |  |  | Current |  |  | Total Loans |  |  | Recorded Investment > 90 Days And Accruing |
|  | (Dollars in Thousands) |
Loans secured by real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, land development and other land loans |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 88,140 |  |  | $ | 88,140 |  |  | $ | — |
Secured by 1-4 family residential properties |  |  | 820 |  |  |  | 177 |  |  |  | 23 |  |  |  | 1,020 |  |  |  | 75,180 |  |  |  | 76,200 |  |  |  | — |
Secured by multi-family residential properties |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 62,397 |  |  |  | 62,397 |  |  |  | — |
Secured by non-farm, non-residential properties |  |  | — |  |  |  | — |  |  |  | 1,302 |  |  |  | 1,302 |  |  |  | 212,284 |  |  |  | 213,586 |  |  |  | — |
Commercial and industrial loans |  |  | 89 |  |  |  | 34 |  |  |  | 147 |  |  |  | 270 |  |  |  | 60,245 |  |  |  | 60,515 |  |  |  | — |
Consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct |  |  | 42 |  |  |  | — |  |  |  | — |  |  |  | 42 |  |  |  | 5,896 |  |  |  | 5,938 |  |  |  | — |
Branch retail |  |  | 39 |  |  |  | 1 |  |  |  | — |  |  |  | 40 |  |  |  | 8,630 |  |  |  | 8,670 |  |  |  |
Indirect |  |  | 316 |  |  |  | 33 |  |  |  | 54 |  |  |  | 403 |  |  |  | 305,942 |  |  |  | 306,345 |  |  |  | — |
Total |  | $ | 1,306 |  |  | $ | 245 |  |  | $ | 1,526 |  |  | $ | 3,077 |  |  | $ | 818,714 |  |  | $ | 821,791 |  |  | $ | — |
As a percentage of total loans |  |  | 0.15 | % |  |  | 0.03 | % |  |  | 0.19 | % |  |  | 0.37 | % |  |  | 99.63 | % |  |  | 100.00 | % |  |  |
Non-accruing Loans | The tables below present the amortized cost of loans on nonaccrual status and loans past due 90 days or more and still accruing interest as of December 31, 2024 and 2023.
|  | Loans on Non-Accrual Status |
|  | December 31, 2024 |
|  | (Dollars in Thousands) |
|  | Total nonaccrual loans |  | Nonaccrual loans with no allowance for credit losses |  | Loans past due 90 days or more and still accruing |
Loans secured by real estate: |  |  |  |  |  |  |
Construction, land development and other land loans |  | $ | — |  | $ | — |  | $ | — |
Secured by 1-4 family residential properties |  |  | 665 |  |  | 404 |  |  | — |
Secured by multi-family residential properties |  |  | — |  |  | — |  |  | — |
Secured by non-farm, non-residential properties |  |  | — |  |  | — |  |  | — |
Commercial and industrial loans |  |  | 3,284 |  |  | — |  |  | — |
Consumer loans: |  |  |  |  |  |  |
Direct |  |  | — |  |  | — |  |  | — |
Branch retail |  |  | — |  |  | — |  |  | — |
Indirect |  |  | — |  |  | — |  |  | — |
Total loans |  | $ | 3,949 |  | $ | 404 |  | $ | — |
|  | Loans on Non-Accrual Status |
|  | December 31, 2023 |
|  | (Dollars in Thousands) |
|  | Total nonaccrual loans |  | Nonaccrual loans with no allowance for credit losses |  | Loans past due 90 days or more and still accruing |
Loans secured by real estate: |  |  |  |  |  |  |
Construction, land development and other land loans |  | $ | — |  | $ | — |  | $ | — |
Secured by 1-4 family residential properties |  |  | 891 |  |  | 462 |  |  | — |
Secured by multi-family residential properties |  |  | — |  |  | — |  |  | — |
Secured by non-farm, non-residential properties |  |  | 1,302 |  |  | 1,314 |  |  | — |
Commercial and industrial loans |  |  | 152 |  |  | 77 |  |  | — |
Consumer loans: |  |  |  |  |  |  |
Direct |  |  | — |  |  | — |  |  | — |
Branch retail |  |  | — |  |  | — |  |  | — |
Indirect |  |  | 55 |  |  | — |  |  | — |
Total loans |  | $ | 2,400 |  | $ | 1,853 |  | $ | — |
Schedule of Amortized Cost Basis of Collateral Dependent Loans | The following tables present the amortized cost basis of collateral dependent loans as of December 31, 2024 and 2023, which loans are individually evaluated to determine credit losses:
|  | December 31, 2024 |
|  | Real Estate |  |  | Other |  |  | Total |
|  | (Dollars in Thousands) |
Loans secured by real estate |  |  |  |  |  |  |  |  |
Construction, land development and other land loans |  | $ | — |  |  | $ | 2,489 |  |  | $ | 2,489 |
Secured by 1-4 family residential properties |  |  | 1,402 |  |  |  | — |  |  |  | 1,402 |
Secured by multi-family residential properties |  |  | — |  |  |  | — |  |  |  | — |
Secured by non-farm, non-residential properties |  |  | 383 |  |  |  | — |  |  |  | 383 |
Commercial and industrial |  |  | — |  |  |  | 3,327 |  |  |  | 3,327 |
Direct consumer |  |  | — |  |  |  | — |  |  |  | — |
Total loans individually evaluated |  | $ | 1,785 |  |  | $ | 5,816 |  |  | $ | 7,601 |
|  | December 31, 2023 |
|  | Real Estate |  |  | Other |  |  | Total |
|  | (Dollars in Thousands) |
Loans secured by real estate |  |  |  |  |  |  |  |  |
Construction, land development and other land loans |  | $ | — |  |  | $ | — |  |  | $ | — |
Secured by 1-4 family residential properties |  |  | 485 |  |  |  | — |  |  |  | 485 |
Secured by multi-family residential properties |  |  | — |  |  |  | — |  |  |  | — |
Secured by non-farm, non-residential properties |  |  | 2,333 |  |  |  | — |  |  |  | 2,333 |
Commercial and industrial |  |  | — |  |  |  | 112 |  |  |  | 112 |
Direct consumer |  |  | — |  |  |  | — |  |  |  | — |
Total loans individually evaluated |  | $ | 2,818 |  |  | $ | 112 |  |  | $ | 2,930 |

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