LOANS

6 Months Ended

Jun. 30, 2026

NOTE 3 LOANS

The following is a summary of the major categories of total loans outstanding at June 30, 2026 and December 31, 2025 (dollars in thousands):

	June 30, 2026			December 31, 2025
1-4 Family residential construction	$	22,997		$	31,118
Other construction, land development and land		43,927			39,187
Secured by farmland		126,864			115,000
Home equity – open end		57,243			51,393
Real estate		265,141			243,361
Home equity – closed end		5,948			5,980
Multifamily		25,865			18,854
Owner-occupied commercial real estate		92,564			96,651
Other commercial real estate		119,997			114,434
Agricultural loans		21,777			20,127
Commercial and industrial		60,621			56,885
Credit cards		3,487			3,387
Automobile loans		65,982			77,080
Other consumer loans		9,617			9,132
Municipal loans		3,823			4,219
Gross loans		925,853			886,808
Unamortized net deferred loan fees		(586	)		(555	)
Less allowance for credit losses		8,085			7,818
Net loans	$	917,182		$	878,435

The table above does not include loans held for sale of $2.6 million and $3.2 million at June 30, 2026 and December 31, 2025, respectively. Loans held for sale consist of single-family residential real estate loans originated for sale in the secondary market.

Accrued interest receivable on loans held for investment totaled $4.0 million and $3.6 million at June 30, 2026 and December 31, 2025, respectively. For the three and six months ended June 30, 2026 and 2025, accrued interest receivable write-offs were not material to the Company’s consolidated financial statements.

The Company had loans held for investment pledged as collateral for borrowings with the FHLB totaling $355.8 million and $310.7 million as of June 30, 2026, and December 31, 2025, respectively. The Company maintains a blanket lien on certain loans in its residential real estate, commercial, agricultural farmland, and home equity portfolios.