| Composition of Net Loans Held for Investment by Class |
The composition of net loans held for investment by class as of June 30, 2026 and December 31, 2025 was as follows:
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
December 31, 2025 |
|
|
|
(dollars in thousands) |
|
Commercial |
|
|
|
|
|
|
Commercial |
|
$ |
110,491 |
|
|
$ |
110,088 |
|
Real estate - commercial |
|
|
253,108 |
|
|
|
255,850 |
|
Other real estate construction loans |
|
|
64,119 |
|
|
|
57,247 |
|
Other loans |
|
|
5,089 |
|
|
|
4,683 |
|
Noncommercial |
|
|
|
|
|
|
Real estate 1-4 family construction |
|
|
20,447 |
|
|
|
19,453 |
|
Real estate - residential |
|
|
152,162 |
|
|
|
158,556 |
|
Home equity |
|
|
76,779 |
|
|
|
73,262 |
|
Consumer loans |
|
|
9,225 |
|
|
|
9,611 |
|
|
|
|
691,420 |
|
|
|
688,750 |
|
Less: |
|
|
|
|
|
|
Allowance for credit losses |
|
|
(5,986 |
) |
|
|
(6,420 |
) |
Deferred loan costs, net |
|
|
811 |
|
|
|
812 |
|
Loans held for investment, net |
|
$ |
686,245 |
|
|
$ |
683,142 |
|
|