| Schedule of Composition of Loan Portfolio by Major Loan Classifications |
The composition of the loan portfolio by major loan classifications at June 30, 2026 and December 31, 2025, stated at their face amount, net of deferred fees and costs and discounts, including fair value marks, appears below (dollars in thousands). The Company has elected to exclude accrued interest receivable, totaling $4.7 million and $4.8 million as of June 30, 2026 and December 31, 2025, respectively, from the amortized cost basis of loans.
|
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|
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|
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|
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June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
Commercial loans |
|
$ |
258,975 |
|
|
$ |
265,393 |
|
Real estate construction and land |
|
|
33,111 |
|
|
|
35,000 |
|
1-4 family residential mortgages |
|
|
300,768 |
|
|
|
297,589 |
|
Commercial mortgages |
|
|
616,641 |
|
|
|
613,443 |
|
Consumer loans |
|
|
24,485 |
|
|
|
26,152 |
|
Total loans |
|
|
1,233,980 |
|
|
|
1,237,577 |
|
Less: Allowance for credit losses |
|
|
(8,124 |
) |
|
|
(8,270 |
) |
Net loans |
|
$ |
1,225,856 |
|
|
$ |
1,229,307 |
|
|
| Schedule of Aging of Past Due Loans |
The following table shows the aging of the Company's loan portfolio, by class, at June 30, 2026 (dollars in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days |
|
|
60-89 Days |
|
|
90 Days or More Past Due and Still Accruing |
|
|
Nonaccrual Loans |
|
|
Current Loans |
|
|
Total Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial loans |
|
$ |
4,784 |
|
|
$ |
3,236 |
|
|
$ |
3,626 |
|
|
$ |
- |
|
|
$ |
247,329 |
|
|
$ |
258,975 |
|
Real estate construction and land |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
33,111 |
|
|
|
33,111 |
|
1-4 family residential mortgages |
|
|
579 |
|
|
|
- |
|
|
|
- |
|
|
|
2,099 |
|
|
|
298,090 |
|
|
|
300,768 |
|
Commercial mortgages |
|
|
239 |
|
|
|
452 |
|
|
|
- |
|
|
|
- |
|
|
|
615,950 |
|
|
|
616,641 |
|
Consumer loans |
|
|
82 |
|
|
|
70 |
|
|
|
66 |
|
|
|
- |
|
|
|
24,267 |
|
|
|
24,485 |
|
Total Loans |
|
$ |
5,684 |
|
|
$ |
3,758 |
|
|
$ |
3,692 |
|
|
$ |
2,099 |
|
|
$ |
1,218,747 |
|
|
$ |
1,233,980 |
|
The following table shows the aging of the Company's loan portfolio, by class, at December 31, 2025 (dollars in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30-59 Days |
|
|
60-89 Days |
|
|
90 Days or More Past Due and Still Accruing |
|
|
Nonaccrual Loans |
|
|
Current Loans |
|
|
Total Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial loans |
|
$ |
3,103 |
|
|
$ |
2,882 |
|
|
$ |
6,565 |
|
|
$ |
- |
|
|
$ |
252,843 |
|
|
$ |
265,393 |
|
Real estate construction and land |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
35,000 |
|
|
|
35,000 |
|
1-4 family residential mortgages |
|
|
256 |
|
|
|
221 |
|
|
|
391 |
|
|
|
2,198 |
|
|
|
294,523 |
|
|
|
297,589 |
|
Commercial mortgages |
|
|
113 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
613,330 |
|
|
|
613,443 |
|
Consumer loans |
|
|
162 |
|
|
|
73 |
|
|
|
86 |
|
|
|
- |
|
|
|
25,831 |
|
|
|
26,152 |
|
Total Loans |
|
$ |
3,634 |
|
|
$ |
3,176 |
|
|
$ |
7,042 |
|
|
$ |
2,198 |
|
|
$ |
1,221,527 |
|
|
$ |
1,237,577 |
|
|
| Schedule of Impaired Loans Classified as Non-Accruals by Class |
The following tables show the Company's amortized cost basis of loans on nonaccrual status as of June 30, 2026 and December 31, 2025 (dollars in thousands). All nonaccrual loans are evaluated for an ACL on an individual basis. As of June 30, 2026 and December 31, 2025, no nonaccrual loans required an ACL.
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|
|
|
|
|
June 30, 2026 |
|
|
|
Nonaccrual Loans with No Allowance |
|
|
Nonaccrual Loans with an Allowance |
|
|
Total Nonaccrual Loans |
|
Commercial loans |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Real estate construction and land |
|
|
- |
|
|
|
- |
|
|
|
- |
|
1-4 family residential mortgages |
|
|
2,099 |
|
|
|
- |
|
|
|
2,099 |
|
Commercial mortgages |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Consumer loans |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total Nonaccrual Loans |
|
$ |
2,099 |
|
|
$ |
- |
|
|
$ |
2,099 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
Nonaccrual Loans with No Allowance |
|
|
Nonaccrual Loans with an Allowance |
|
|
Total Nonaccrual Loans |
|
Commercial loans |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
Real estate construction and land |
|
|
- |
|
|
|
- |
|
|
|
- |
|
1-4 family residential mortgages |
|
|
2,198 |
|
|
|
- |
|
|
|
2,198 |
|
Commercial mortgages |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Consumer loans |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total Nonaccrual Loans |
|
$ |
2,198 |
|
|
$ |
- |
|
|
$ |
2,198 |
|
|