Loans and Allowance for Credit Losses (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Loans and Allowance for Credit Losses |
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| Schedule of Classes of loans |
| | | | | | | | | June 30, | | December 31, | | | 2025 | | 2024 | Mortgage loans on real estate: | | | | | | | Residential 1-4 family | | $ | 66,000 | | $ | 65,721 | Commercial | | | 28,587 | | | 21,412 | Construction and land development | | | 1,358 | | | 1,637 | Total mortgage loans on real estate | | | 95,945 | | | 88,770 | Commercial loans | | | 6,145 | | | 4,656 | Consumer | | | 4,156 | | | 3,479 | | | | 106,246 | | | 96,905 | Plus: | | | | | | | Deferred Loan Costs | | | 99 | | | 69 | Less: | | | | | | | Allowance for credit losses | | | 813 | | | 700 | Net loans | | $ | 105,532 | | $ | 96,274 |
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| Schedule of balance in the allowance for credit losses and the recorded investment in loans |
| | | | | | | | | | | | | | | For the Three Months Ended | | | June 30, 2025 | | | Mortgage Loans on Real Estate | | | | | | | | | | | | Construction | | | | | | Residential | | | | | and Land | | | | | | 1-4 Family | | Commercial | | Development | | Commercial | Allowance for credit losses: | | | | | | | | | | | | | Balance, beginning of period | | $ | 266 | | $ | 383 | | $ | 11 | | $ | 66 | Provision charged to expense | | | 2 | | | 43 | | | (1) | | | 22 | Losses charged off | | | — | | | — | | | — | | | — | Recoveries | | | — | | | — | | | — | | | — | Balance, end of period | | $ | 268 | | $ | 426 | | $ | 10 | | $ | 88 | | | | | | | | | | | | | | Allowance for credit losses for unfunded loan commitments | | | | | | | | | | | | | Balance, beginning of period | | $ | 4 | | $ | 21 | | $ | — | | $ | 3 | Provision charged to expense | | | (1) | | | (16) | | | 6 | | | — | Losses charged off | | | — | | | — | | | — | | | — | Recoveries | | | — | | | — | | | — | | | — | Balance, end of period | | $ | 3 | | $ | 5 | | $ | 6 | | $ | 3 |
| | | | | | | | | For the Three Months Ended | | | June 30, 2025 (Continued) | | | Consumer | | Total | Allowance for credit losses: | | | | | | | Balance, beginning of period | | $ | 19 | | $ | 745 | Provision charged to expense | | | 2 | | | 68 | Losses charged off | | | — | | | — | Recoveries | | | — | | | — | Balance, end of year | | $ | 21 | | $ | 813 | | | | | | | | Allowance for credit losses for unfunded loan commitments | | | | | | | Balance, beginning of year | | $ | — | | $ | 28 | Provision charged to expense | | | — | | | (11) | Losses charged off | | | — | | | — | Recoveries | | | — | | | — | Balance, end of year | | $ | — | | $ | 17 |
| | | | | | | | | | | | | | | For the Three Months Ended | | | June 30, 2024 | | | Mortgage Loans on Real Estate | | | | | | | | | | | | Construction | | | | | | Residential | | | | | and Land | | | | | | 1-4 Family | | Commercial | | Development | | Commercial | Allowance for credit losses: | | | | | | | | | | | | | Balance, beginning of period | | $ | 256 | | $ | 348 | | $ | 11 | | $ | 75 | Provision charged to expense | | | 2 | | | (1) | | | (3) | | | (2) | Losses charged off | | | — | | | — | | | — | | | (11) | Recoveries | | | — | | | — | | | — | | | — | Balance, end of year | | $ | 258 | | $ | 347 | | $ | 8 | | $ | 62 | | | | | | | | | | | | | | Allowance for credit losses for unfunded loan commitments | | | | | | | | | | | | | Balance, beginning of year | | $ | 4 | | $ | 7 | | $ | 2 | | $ | 4 | Provision charged to expense | | | — | | | 1 | | | 9 | | | (1) | Losses charged off | | | — | | | — | | | — | | | — | Recoveries | | | — | | | — | | | — | | | — | Balance, end of year | | $ | 4 | | $ | 8 | | $ | 11 | | $ | 3 |
| | | | | | | | | For the Three Months Ended | | | June 30, 2024 (Continued) | | | Consumer | | Total | Allowance for credit losses: | | | | | | | Balance, beginning of period | | $ | 16 | | $ | 706 | Provision charged to expense | | | 2 | | | (2) | Losses charged off | | | — | | | (11) | Recoveries | | | — | | | — | Balance, end of year | | $ | 18 | | $ | 693 | | | | | | | | Allowance for credit losses for unfunded loan commitments | | | | | | | Balance, beginning of year | | $ | — | | $ | 17 | Provision charged to expense | | | — | | | 9 | Losses charged off | | | — | | | — | Recoveries | | | — | | | — | Balance, end of year | | $ | — | | $ | 26 | | | | | | | |
| | | | | | | | | | | | | | | Six Months Ended | | | June 30, 2025 | | | Mortgage Loans on Real Estate | | | | | | | | | | | | Construction | | | | | | Residential | | | | | and Land | | | | | | 1-4 Family | | Commercial | | Development | | Commercial | Allowance for credit losses: | | | | | | | | | | | | | Balance, beginning of year | | $ | 271 | | $ | 339 | | $ | 13 | | $ | 60 | Provision charged to expense | | | (3) | | | 87 | | | (3) | | | 28 | Losses charged off | | | — | | | — | | | — | | | — | Recoveries | | | — | | | — | | | — | | | — | Balance, end of year | | $ | 268 | | $ | 426 | | $ | 10 | | $ | 88 | | | | | | | | | | | | | | Allowance for credit losses for unfunded loan commitments | | | | | | | | | | | | | Balance, beginning of year | | $ | 2 | | $ | 7 | | $ | 6 | | $ | 2 | Provision charged to expense | | | 1 | | | (2) | | | — | | | 1 | Losses charged off | | | — | | | — | | | — | | | — | Recoveries | | | — | | | — | | | — | | | — | Balance, end of year | | $ | 3 | | $ | 5 | | $ | 6 | | $ | 3 |
| | | | | | | | | Six Months Ended | | | June 30, 2025 (Continued) | | | Consumer | | Total | Allowance for credit losses: | | | | | | | Balance, beginning of year | | $ | 17 | | $ | 700 | Provision charged to expense | | | 4 | | | 113 | Losses charged off | | | — | | | — | Recoveries | | | — | | | — | Balance, end of year | | $ | 21 | | $ | 813 | | | | | | | | Allowance for credit losses for unfunded loan commitments | | | | | | | Balance, beginning of year | | $ | — | | $ | 17 | Provision charged to expense | | | — | | | — | Losses charged off | | | — | | | — | Recoveries | | | — | | | — | Balance, end of year | | $ | — | | $ | 17 |
| | | | | | | | | | | | | | | For the Six Months Ended | | | June 30, 2024 | | | Mortgage Loans on Real Estate | | | | | | | | | | | | Construction | | | | | | Residential | | | | | and Land | | | | | | 1-4 Family | | Commercial | | Development | | Commercial | Allowance for credit losses: | | | | | | | | | | | | | Balance, beginning of year | | $ | 247 | | $ | 332 | | $ | 15 | | $ | 65 | Provision charged to expense | | | 11 | | | 15 | | | (7) | | | 8 | Losses charged off | | | — | | | — | | | — | | | (11) | Recoveries | | | — | | | — | | | — | | | — | Balance, end of year | | $ | 258 | | $ | 347 | | $ | 8 | | $ | 62 | | | | | | | | | | | | | | Allowance for credit losses: | | | | | | | | | | | | | Balance, beginning of year | | $ | 2 | | $ | 10 | | $ | 8 | | $ | 2 | Provision charged to expense | | | 2 | | | (2) | | | 3 | | | 1 | Losses charged off | | | — | | | — | | | — | | | — | Recoveries | | | — | | | — | | | — | | | — | Balance, end of year | | $ | 4 | | $ | 8 | | $ | 11 | | $ | 3 |
| | | | | | | | | For the Six Months Ended | | | June 30, 2024 (Continued) | | | Consumer | | Total | Allowance for credit losses: | | | | | | | Balance, beginning of year | | $ | 16 | | $ | 675 | Provision charged to expense | | | 2 | | | 29 | Losses charged off | | | — | | | (11) | Recoveries | | | — | | | — | Balance, end of year | | $ | 18 | | $ | 693 | | | | | | | | Allowance for credit losses for unfunded loan commitments: | | | | | | | Balance, beginning of year | | $ | — | | $ | 22 | Provision charged to expense | | | — | | | 4 | Losses charged off | | | — | | | — | Recoveries | | | — | | | — | Balance, end of year | | $ | — | | $ | 26 | | | | | | | |
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| Schedule of components of the provision for credit losses |
| | | | | | | | | | | | | The provision for credit losses is determined by the Company as the amount that is added to ACL accounts to bring the ACL to that, in management's judgement, is necessary to absorb expected credit losses over the lives of the respective financial instruments. The following table presents the components of the provision for credit losses: | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Provision for credit losses: | | | | | | | | | | | | | Loans | | $ | 68 | | $ | (2) | | $ | 113 | | $ | 29 | Unfunded loan commitments | | | (11) | | | 9 | | | - | | | 4 | Total | | $ | 57 | | $ | 7 | | $ | 113 | | $ | 33 |
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| Schedule of credit risk profile of the Bank's loan portfolio based on internal rating category and payment activity |
| | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | | | | | | | | | | | | | | | | | | | | Lines of | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Credit | | Total | Pass | | | | | | | | | | | | | | | | | | | | | | | | | Residential 1-4 Family | | $ | 2,881 | | $ | 8,068 | | $ | 7,188 | | $ | 8,661 | | $ | 7,277 | | $ | 30,887 | | $ | 818 | | $ | 65,780 | Commercial Real Estate | | | 8,387 | | | 5,101 | | | 3,121 | | | 3,925 | | | 3,139 | | | 3,801 | | | — | | | 27,474 | Construction and Land Development | | | 169 | | | 231 | | | 798 | | | — | | | — | | | 160 | | | — | | | 1,358 | Commercial | | | 1,665 | | | 1,031 | | | 2,602 | | | 108 | | | 98 | | | 72 | | | 569 | | | 6,145 | Consumer | | | 1,523 | | | 1,243 | | | 727 | | | 224 | | | 297 | | | 142 | | | — | | | 4,156 | Total Pass | | $ | 14,625 | | $ | 15,674 | | $ | 14,436 | | $ | 12,918 | | $ | 10,811 | | $ | 35,062 | | $ | 1,387 | | $ | 104,913 | Special Mention | | | | | | | | | | | | | | | | | | | | | | | | | Residential 1-4 Family | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Commercial Real Estate | | | — | | | — | | | 626 | | | — | | | — | | | — | | | — | | | 626 | Construction and Land Development | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Commercial | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Special Mention | | $ | — | | $ | — | | $ | 626 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 626 | Substandard | | | | | | | | | | | | | | | | | | | | | | | | | Residential 1-4 Family | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 220 | | $ | — | | $ | 220 | Commercial Real Estate | | | — | | | — | | | — | | | — | | | — | | | 487 | | | — | | | 487 | Construction and Land Development | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Commercial | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Substandard | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 707 | | $ | — | | $ | 707 | Total | | $ | 14,625 | | $ | 15,674 | | $ | 15,062 | | $ | 12,918 | | $ | 10,811 | | $ | 35,769 | | $ | 1,387 | | $ | 106,246 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs: | | | | | | | | | | | | | | | | | | | | | | | | | Residential 1-4 Family | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Commercial Real Estate | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Construction and Land Development | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Commercial | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | December 31, 2024 | | | | | | | | | | | | | | | | | | | | | Revolving | | | | | | | | | | | | | | | | | | | | | | | | Lines of | | | | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | Credit | | Total | Pass | | | | | | | | | | | | | | | | | | | | | | | | | Residential 1-4 Family | | $ | 8,124 | | $ | 7,509 | | $ | 8,960 | | $ | 7,554 | | $ | 14,686 | | $ | 17,705 | | $ | 835 | | $ | 65,373 | Commercial Real Estate | | | 5,344 | | | 3,339 | | | 4,034 | | | 3,440 | | | 1,285 | | | 2,837 | | | — | | | 20,279 | Construction and Land Development | | | 625 | | | 843 | | | — | | | — | | | 46 | | | 123 | | | — | | | 1,637 | Commercial | | | 1,086 | | | 2,742 | | | 180 | | | 215 | | | 6 | | | 93 | | | 334 | | | 4,656 | Consumer | | | 1,659 | | | 945 | | | 322 | | | 373 | | | 172 | | | 8 | | | — | | | 3,479 | Total Pass | | $ | 16,838 | | $ | 15,378 | | $ | 13,496 | | $ | 11,582 | | $ | 16,195 | | $ | 20,766 | | $ | 1,169 | | $ | 95,424 | Special Mention | | | | | | | | | | | | | | | | | | | | | | | | | Residential 1-4 Family | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Commercial Real Estate | | | — | | | 637 | | | — | | | — | | | — | | | — | | | — | | | 637 | Construction and Land Development | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Commercial | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Special Mention | | $ | — | | $ | 637 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 637 | Substandard | | | | | | | | | | | | | | | | | | | | | | | | | Residential 1-4 Family | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 348 | | $ | — | | $ | 348 | Commercial Real Estate | | | — | | | — | | | — | | | — | | | — | | | 496 | | | — | | | 496 | Construction and Land Development | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Commercial | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Substandard | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 844 | | $ | — | | $ | 844 | Total | | $ | 16,838 | | $ | 16,015 | | $ | 13,496 | | $ | 11,582 | | $ | 16,195 | | $ | 21,610 | | $ | 1,169 | | $ | 96,905 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross charge-offs: | | | | | | | | | | | | | | | | | | | | | | | | | Residential 1-4 Family | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Commercial Real Estate | | | — | | | — | | | — | | | — | | | — | | | (179) | | | — | | | (179) | Construction and Land Development | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Commercial | | | — | | | (13) | | | — | | | — | | | — | | | — | | | — | | | (13) | Consumer | | | — | | | (2) | | | — | | | — | | | — | | | — | | | — | | | (2) | | | $ | — | | $ | (15) | | $ | — | | $ | — | | $ | — | | $ | (179) | | $ | — | | $ | (194) |
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| Schedule of Bank's loan portfolio aging analysis |
| | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | | | | | | | | 2025 | | | | | Total | | | | 30-59 Days | | 60-89 Days | | 90 Days and | | Total Past | | | | | Loans | | | | Past Due | | Past Due | | Greater | | Due | | Current | | Receivable | | Mortgage loans on real estate: | | | | | | | | | | | | | | | | | | | | Residential 1-4 family | | $ | 639 | | $ | 171 | | $ | 31 | | $ | 841 | | $ | 65,159 | | $ | 66,000 | | Commercial | | | 247 | | | — | | | — | | | 247 | | | 28,340 | | | 28,587 | | Construction and land development | | | — | | | — | | | — | | | — | | | 1,358 | | | 1,358 | | | | | | | | | | | | | | | | | | | | | | Total real estate loans | | | 886 | | | 171 | | | 31 | | | 1,088 | | | 94,857 | | | 95,945 | | | | | | | | | | | | | | | | | | | | | | Commercial | | | — | | | — | | | — | | | — | | | 6,145 | | | 6,145 | | Consumer | | | 38 | | | 16 | | | — | | | 54 | | | 4,102 | | | 4,156 | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 924 | | $ | 187 | | $ | 31 | | $ | 1,142 | | $ | 105,104 | | $ | 106,246 | |
| | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | 2024 | | | | | Total | | | | 30-59 Days | | 60-89 Days | | 90 Days and | | Total Past | | | | | Loans | | | | Past Due | | Past Due | | Greater | | Due | | Current | | Receivable | | Mortgage loans on real estate: | | | | | | | | | | | | | | | | | | | | Residential 1-4 family | | $ | 445 | | $ | 219 | | $ | 317 | | $ | 981 | | $ | 64,740 | | $ | 65,721 | | Commercial | | | — | | | — | | | — | | | — | | | 21,412 | | | 21,412 | | Construction and land development | | | — | | | — | | | — | | | — | | | 1,637 | | | 1,637 | | | | | | | | | | | | | | | | | | | | | | Total real estate loans | | | 445 | | | 219 | | | 317 | | | 981 | | | 87,789 | | | 88,770 | | | | | | | | | | | | | | | | | | | | | | Commercial | | | — | | | — | | | — | | | — | | | 4,656 | | | 4,656 | | Consumer | | | 46 | | | — | | | — | | | 46 | | | 3,433 | | | 3,479 | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 491 | | $ | 219 | | $ | 317 | | $ | 1,027 | | $ | 95,878 | | $ | 96,905 | |
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| Schedule of information regarding collateral dependent loans |
| | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | Loan | | Specific | | Loan | | Specific | | | Balance | | Allowance | | Balance | | Allowance | Mortgage loans on real estate: | | | | | | | | | | | | | Residential 1-4 family | | | 220 | | | — | | $ | 348 | | $ | — | Commercial | | | 487 | | | — | | | 496 | | | — | Construction and land development | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | Total real estate loans | | | 707 | | | — | | | 844 | | | — | | | | | | | | | | | | | | Commercial | | | — | | | — | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | Total | | $ | 707 | | $ | — | | $ | 844 | | $ | — |
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| Schedule of nonaccrual loans |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | Interest | | Amortized | | | | Nonaccrual | | Nonaccrual | | | | | Nonaccrual | | Income | | Cost Basis | | | | Loans with No | | Loans with an | | Total | | Loans at | | Recognized on | | of Loans 90+ | | | | Allowance for | | Allowance for | | Nonaccrual | | Beginning of | | Nonaccrual | | Days Past Due | | | | Credit Losses | | Credit Losses | | Loans | | Year | | Loans | | Not on Nonaccrual | | June 30, 2025 | | | | | | | | | | | | | | | | | | | | Residential - First Mortgage | | | 220 | | | — | | | 220 | | | 348 | | | — | | | — | | Commercial real estate | | | — | | | — | | | — | | | — | | | — | | | — | | Construction and land development | | | — | | | — | | | — | | | — | | | — | | | — | | Commercial and Industrial | | | — | | | — | | | — | | | — | | | — | | | — | | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 220 | | $ | — | | $ | 220 | | $ | 348 | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | Interest | | Amortized | | | | Nonaccrual | | Nonaccrual | | | | | Nonaccrual | | Income | | Cost Basis | | | | Loans with No | | Loans with an | | Total | | Loans at | | Recognized on | | of Loans 90+ | | | | Allowance for | | Allowance for | | Nonaccrual | | Beginning of | | Nonaccrual | | Days Past Due | | | | Credit Losses | | Credit Losses | | Loans | | Year | | Loans | | Not on Nonaccrual | | December 31, 2024 | | | | | | | | | | | | | | | | | | | | Residential - First Mortgage | | | 348 | | | — | | | 348 | | | 177 | | | — | | | — | | Commercial real estate | | | — | | | — | | | — | | | 156 | | | — | | | — | | Construction and land development | | | — | | | — | | | — | | | — | | | — | | | — | | Commercial and Industrial | | | — | | | — | | | — | | | — | | | — | | | — | | Consumer | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | Total | | $ | 348 | | $ | — | | $ | 348 | | $ | 333 | | $ | — | | $ | — | |
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