| Schedule of allowance for loan losses activity and balance |
| | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | Real Estate | | | | | | | | | | | | | | | Construction & | | | | | | | | | | | | | | | | | | Land | | | | | | | | | | | | | Dollars in thousands | | Commercial | | Development | | Residential | | Commercial | | Consumer | | Total | Beginning balance, December 31, 2024 | | $ | 11,732 | | $ | 1,761 | | $ | 4,594 | | $ | 548 | | $ | 80 | | $ | 18,715 | Charge-offs | | | — | | | — | | | — | | | — | | | — | | | — | Recoveries | | | — | | | — | | | — | | | — | | | — | | | — | Provision for (recovery of) credit losses | | | 115 | | | 360 | | | 183 | | | (15) | | | (60) | | | 583 | Ending balance, June 30, 2025 | | $ | 11,847 | | $ | 2,121 | | $ | 4,777 | | $ | 533 | | $ | 20 | | $ | 19,298 |
| | | | | | | | | | | | | | | | | | | | | June 30, 2024 | | | Real Estate | | | | | | | | | | | | | | | Construction & | | | | | | | | | | | | | | | | | | Land | | | | | | | | | | | | | Dollars in thousands | | Commercial | | Development | | Residential | | Commercial | | Consumer | | Total | Beginning balance, December 31, 2023 | | $ | 12,841 | | $ | 1,787 | | $ | 4,323 | | $ | 495 | | $ | 97 | | $ | 19,543 | Charge-offs | | | — | | | — | | | — | | | — | | | — | | | — | Recoveries | | | — | | | — | | | — | | | 1 | | | — | | | 1 | Provision for (recovery of) credit losses | | | (44) | | | (626) | | | (360) | | | (1) | | | (80) | | | (1,111) | Ending balance, June 30, 2024 | | $ | 12,797 | | $ | 1,161 | | $ | 3,963 | | $ | 495 | | $ | 17 | | $ | 18,433 |
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| Schedule of past due and non-accrual loans |
| | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | | 30-59 Days | | 60-89 Days | | 90 Days or | | | | | | | | | | | 90 Days or More | | | | | | Past | | Past | | More | | Total Past | | | | | Total | | Past Due and | | Nonaccrual | (Dollars in thousands) | | Due | | Due | | Past Due | | Due | | Current | | Loans | | Still Accruing | | Loans | Real Estate Loans | | | | | | | | | | | | | | | | | | | | | | | | | Commercial | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 1,192,067 | | $ | 1,192,067 | | $ | — | | $ | — | Construction and land development | | | — | | | — | | | — | | | — | | | 186,409 | | | 186,409 | | | — | | | — | Residential | | | — | | | — | | | — | | | — | | | 489,522 | | | 489,522 | | | — | | | — | Commercial | | | — | | | — | | | — | | | — | | | 43,282 | | | 43,282 | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | 998 | | | 998 | | | — | | | — | Total Loans | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 1,912,278 | | $ | 1,912,278 | | $ | — | | $ | — |
| | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | 30-59 Days | | 60-89 Days | | 90 Days or | | | | | | | | | | | 90 Days or More | | | | | | Past | | Past | | More | | Total Past | | | | | Total | | Past Due and | | Nonaccrual | (Dollars in thousands) | | Due | | Due | | Past Due | | Due | | Current | | Loans | | Still Accruing | | Loans | Real Estate Loans | | | | | | | | | | | | | | | | | | | | | | | | | Commercial | | $ | — | | $ | — | | $ | 9,978 | | $ | 9,978 | | $ | 1,171,112 | | $ | 1,181,090 | | $ | 9,978 | | $ | — | Construction and land development | | | — | | | — | | | — | | | — | | | 164,988 | | | 164,988 | | | — | | | — | Residential | | | — | | | — | | | — | | | — | | | 472,932 | | | 472,932 | | | — | | | — | Commercial | | | — | | | — | | | — | | | — | | | 47,736 | | | 47,736 | | | — | | | — | Consumer | | | — | | | — | | | — | | | — | | | 906 | | | 906 | | | — | | | — | Total Loans | | $ | — | | $ | — | | $ | 9,978 | | $ | 9,978 | | $ | 1,857,674 | | $ | 1,867,652 | | $ | 9,978 | | $ | — |
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| Schedule of credit quality indicators |
The following table presents the Company’s recorded investment in loans by credit quality indicator by year of origination as of June 30, 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Year of Origination | | | | | | | (Dollars in thousands) | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Revolving | | Total | Real Estate Loans - Commercial | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 64,607 | | $ | 145,068 | | $ | 66,343 | | $ | 263,937 | | $ | 163,887 | | $ | 454,027 | | $ | 3,818 | | $ | 1,161,687 | Special mention | | | — | | | — | | | — | | | 21,630 | | | — | | | 8,750 | | | — | | | 30,380 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Loss | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Real Estate Loans - Commercial | | $ | 64,607 | | $ | 145,068 | | $ | 66,343 | | $ | 285,567 | | $ | 163,887 | | $ | 462,777 | | $ | 3,818 | | $ | 1,192,067 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross write-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Real Estate Loans - Construction and land development | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 27,579 | | $ | 71,594 | | $ | 27,318 | | $ | 15,703 | | $ | 4,598 | | $ | 13,605 | | $ | 24,921 | | $ | 185,318 | Special mention | | | — | | | — | | | — | | | — | | | — | | | 1,091 | | | — | | | 1,091 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Loss | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Real Estate Loans - Construction and land development | | $ | 27,579 | | $ | 71,594 | | $ | 27,318 | | $ | 15,703 | | $ | 4,598 | | $ | 14,696 | | $ | 24,921 | | $ | 186,409 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross write-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Real Estate Loans - Residential | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 38,816 | | $ | 29,644 | | $ | 65,053 | | $ | 105,474 | | $ | 111,983 | | $ | 115,605 | | $ | 22,947 | | $ | 489,522 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Loss | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Real Estate Loans - Residential | | $ | 38,816 | | $ | 29,644 | | $ | 65,053 | | $ | 105,474 | | $ | 111,983 | | $ | 115,605 | | $ | 22,947 | | $ | 489,522 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross write-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial Loans | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 5,284 | | $ | 5,775 | | $ | 3,936 | | $ | 5,223 | | $ | 857 | | $ | 7,286 | | $ | 14,921 | | $ | 43,282 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Loss | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Commercial Loans | | $ | 5,284 | | $ | 5,775 | | $ | 3,936 | | $ | 5,223 | | $ | 857 | | $ | 7,286 | | $ | 14,921 | | $ | 43,282 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross write-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer Loans | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 403 | | $ | 537 | | $ | 42 | | $ | — | | $ | — | | $ | — | | $ | 16 | | $ | 998 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Loss | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Consumer Loans | | $ | 403 | | $ | 537 | | $ | 42 | | $ | — | | $ | — | | $ | — | | $ | 16 | | $ | 998 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross write-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — |
The following table presents the Company’s recorded investment in loans by credit quality indicator by year of origination as of December 31, 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans by Year of Origination | | | | | | | (Dollars in thousands) | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | Revolving | | Total | Real Estate Loans - Commercial | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 133,591 | | $ | 66,453 | | $ | 287,181 | | $ | 176,424 | | $ | 116,364 | | $ | 362,135 | | $ | 1,474 | | $ | 1,143,622 | Special mention | | | — | | | — | | | 12,702 | | | — | | | — | | | 14,788 | | | — | | | 27,490 | Substandard | | | — | | | — | | | — | | | 9,978 | | | — | | | — | | | — | | | 9,978 | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Loss | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Real Estate Loans - Commercial | | $ | 133,591 | | $ | 66,453 | | $ | 299,883 | | $ | 186,402 | | $ | 116,364 | | $ | 376,923 | | $ | 1,474 | | $ | 1,181,090 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross write-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Real Estate Loans - Construction and land development | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 64,826 | | $ | 40,190 | | $ | 17,635 | | $ | 4,395 | | $ | 2,254 | | $ | 11,974 | | $ | 22,613 | | $ | 163,887 | Special mention | | | — | | | — | | | — | | | — | | | — | | | 1,101 | | | — | | | 1,101 | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Loss | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Real Estate Loans - Construction and land development | | $ | 64,826 | | $ | 40,190 | | $ | 17,635 | | $ | 4,395 | | $ | 2,254 | | $ | 13,075 | | $ | 22,613 | | $ | 164,988 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross write-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Real Estate Loans - Residential | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 31,815 | | $ | 71,489 | | $ | 110,724 | | $ | 114,991 | | $ | 81,482 | | $ | 39,868 | | $ | 22,563 | | $ | 472,932 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Loss | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Real Estate Loans - Residential | | $ | 31,815 | | $ | 71,489 | | $ | 110,724 | | $ | 114,991 | | $ | 81,482 | | $ | 39,868 | | $ | 22,563 | | $ | 472,932 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross write-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial Loans | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 13,622 | | $ | 4,628 | | $ | 5,770 | | $ | 1,351 | | $ | 1,323 | | $ | 7,032 | | $ | 14,010 | | $ | 47,736 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Loss | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Commercial Loans | | $ | 13,622 | | $ | 4,628 | | $ | 5,770 | | $ | 1,351 | | $ | 1,323 | | $ | 7,032 | | $ | 14,010 | | $ | 47,736 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross write-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer Loans | | | | | | | | | | | | | | | | | | | | | | | | | Pass | | $ | 812 | | $ | 72 | | $ | — | | $ | — | | $ | — | | $ | 3 | | $ | 19 | | $ | 906 | Special mention | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Substandard | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Doubtful | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Loss | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | Total Consumer Loans | | $ | 812 | | $ | 72 | | $ | — | | $ | — | | $ | — | | $ | 3 | | $ | 19 | | $ | 906 | | | | | | | | | | | | | | | | | | | | | | | | | | Current period gross write-offs | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — |
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