| Loans and allowance for credit losses | Note 5 – Loans and allowance for credit losses Loans classified by type as of June 30, 2024 and December 31, 2023 are as follows (dollars in thousands) June 30, 2024 December 31, 2023 Amount % Amount % Construction and land development Residential $ 13,080 2.16 % $ 10,471 1.82 % Commercial 36,067 5.96 % 37,024 6.44 % 49,147 8.12 % 47,495 8.26 % Commercial real estate Owner occupied 128,783 21.28 % 122,666 21.33 % Non-owner occupied 162,621 26.86 % 154,855 26.93 % Multifamily 18,293 3.02 % 12,743 2.22 % Farmland 315 0.05 % 326 0.06 % 310,012 51.21 % 290,590 50.54 % Consumer real estate Home equity lines 22,281 3.68 % 21,557 3.75 % Secured by 1-4 family residential, First deed of trust 95,196 15.72 % 95,638 16.63 % Second deed of trust 12,808 2.12 % 11,337 1.97 % 130,285 21.52 % 128,532 22.35 % Commercial and industrial loans (except those secured by real estate) 97,363 16.08 % 86,203 14.99 % Guaranteed student loans 14,156 2.34 % 17,923 3.12 % Consumer and other 4,445 0.73 % 4,265 0.74 % Total loans 605,408 100.0 % 575,008 100.0 % Deferred and costs, net 678 803 Less: allowance for credit losses (3,681) (3,423) $ 602,405 $ 572,388 The Bank has a purchased portfolio of rehabilitated student loans guaranteed by the U.S. Department of Education (“DOE”). The guarantee covers approximately 98% of principal and accrued interest. The loans are serviced by a third-party servicer that specializes in handling the special needs of the DOE student loan programs. Loans pledged as collateral with the FHLB as part of their lending arrangement with the Company totaled $57.2 million and $35.5 million as of June 30, 2024, and December 31, 2023, respectively. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on nonaccrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. The following table provides information on nonaccrual loans segregated by type at the dates indicated (in thousands): June 30, December 31, 2024 2023 Consumer real estate Secured by 1-4 family residential First deed of trust $ 157 $ 160 Second deed of trust 96 105 253 265 Commercial and industrial loans (except those secured by real estate) 134 26 Total loans $ 387 $ 291 There was $125,000 in loans with an individual allowance of $17,000 that were collateral dependent associated with the total nonaccrual loans of $387,000 at June 30, 2024. There were no individual allowances associated with the total nonaccrual loans of $291,000 at December 31, 2023, that were considered collateral dependent. The Company recognized $12,000 of interest on nonaccrual loans outstanding as of June 30, 2024. Management considers the guidance in Accounting Standards Codification (“ASC”) 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for purposes of the table below. As of June 30, 2024, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows (in thousands): Revolving- Total 2024 2023 2022 2021 2020 Prior Revolving Term Loans June 30, 2024 Construction and land development Residential Pass $ 5,528 $ 4,902 $ 2,311 $ 339 $ — $ — $ — $ — $ 13,080 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Residential $ 5,528 $ 4,902 $ 2,311 $ 339 $ — $ — $ — $ — $ 13,080 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass 1,271 7,430 14,118 10,277 214 959 1,798 — 36,067 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Commercial $ 1,271 $ 7,430 $ 14,118 $ 10,277 $ 214 $ 959 $ 1,798 $ — $ 36,067 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate Owner occupied Pass 8,890 12,906 24,293 19,014 9,161 50,313 625 — 125,202 Special Mention — — — — 456 3,125 — — 3,581 Substandard — — — — — — — — — Total Owner occupied $ 8,890 $ 12,906 $ 24,293 $ 19,014 $ 9,617 $ 53,438 $ 625 $ — $ 128,783 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Non-owner occupied Pass 9,535 9,379 28,949 28,023 23,128 54,241 4,476 — 157,731 Special Mention — — — 2,148 — 2,742 — — 4,890 Substandard — — — — — — — — — Total Non-owner occupied $ 9,535 $ 9,379 $ 28,949 $ 30,171 $ 23,128 $ 56,983 $ 4,476 $ — $ 162,621 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Multifamily Pass 5,250 1,300 — 2,363 537 6,751 2,092 — 18,293 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Multifamily $ 5,250 $ 1,300 $ — $ 2,363 $ 537 $ 6,751 $ 2,092 $ — $ 18,293 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass — — — — — 20 295 — 315 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Farmland $ — $ — $ — $ — $ — $ 20 $ 295 $ — $ 315 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer real estate Home equity lines Pass — — — — — — 22,206 — 22,206 Special Mention — — — — — — 75 — 75 Substandard — — — — — — — — — Total Home equity lines $ — $ — $ — $ — $ — $ — $ 22,281 $ — $ 22,281 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Secured by 1-4 family residential First deed of trust Pass 7,483 30,394 14,148 14,019 7,834 18,826 2,124 — 94,828 Special Mention — — — — — 211 — — 211 Substandard — — — — — 157 — — 157 Total First deed of trust $ 7,483 $ 30,394 $ 14,148 $ 14,019 $ 7,834 $ 19,194 $ 2,124 $ — $ 95,196 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Second deed of trust Pass 1,768 4,377 2,996 989 375 1,464 547 — 12,516 Special Mention 87 — — — — 109 — — 196 Substandard — — — — — 96 — — 96 Total Second deed of trust $ 1,855 $ 4,377 $ 2,996 $ 989 $ 375 $ 1,669 $ 547 $ $ 12,808 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial loans (except those secured by real estate) Pass 11,149 17,274 13,894 12,044 5,003 5,135 32,098 — 96,597 Special Mention — — 93 — — 123 416 — 632 Substandard — — — 83 — 51 — — 134 Total Commercial and industrial $ 11,149 $ 17,274 $ 13,987 $ 12,127 $ 5,003 $ 5,309 $ 32,514 $ — $ 97,363 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Guaranteed student loans Pass — — — — — 14,156 — — 14,156 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Guaranteed student loans $ — $ — $ — $ — $ — $ 14,156 $ — $ — $ 14,156 Current period gross writeoff $ 11 $ — $ — $ — $ — $ — $ — $ — $ 11 Consumer and other Pass 283 394 363 81 30 16 3,278 — 4,445 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Consumer and other $ 283 $ 394 $ 363 $ 81 $ 30 $ 16 $ 3,278 $ $ 4,445 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Total Current period gross writeoff $ 11 $ — $ — $ — $ — $ — $ — $ — $ 11 Total loans $ 51,244 $ 88,356 $ 101,165 $ 89,380 $ 46,738 $ 158,495 $ 70,030 $ — $ 605,408 Revolving- Total 2023 2022 2021 2020 2019 Prior Revolving Term Loans December 31, 2023 Construction and land development Residential Pass $ 6,320 $ 3,812 $ 339 $ — $ — $ — $ — $ — $ 10,471 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Residential $ 6,320 $ 3,812 $ 339 $ — $ — $ — $ — $ — $ 10,471 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass 5,007 14,506 10,339 235 — 1,183 5,754 — 37,024 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Commercial $ 5,007 $ 14,506 $ 10,339 $ 235 $ — $ 1,183 $ 5,754 $ — $ 37,024 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate Owner occupied Pass 11,945 21,846 20,044 9,855 12,145 41,067 788 — 117,690 Special Mention — 202 73 — — 4,701 — — 4,976 Substandard — — — — — — — — — Total Owner occupied $ 11,945 $ 22,048 $ 20,117 $ 9,855 $ 12,145 $ 45,768 $ 788 $ — $ 122,666 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Non-owner occupied Pass 9,468 25,607 28,455 23,567 9,528 47,645 3,312 — 147,582 Special Mention — — 2,173 — — 5,100 — — 7,273 Substandard — — — — — — — — — Total Non-owner occupied $ 9,468 $ 25,607 $ 30,628 $ 23,567 $ 9,528 $ 52,745 $ 3,312 $ — $ 154,855 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Multifamily Pass 1,300 — 2,503 548 885 6,113 1,394 — 12,743 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Multifamily $ 1,300 $ — $ 2,503 $ 548 $ 885 $ 6,113 $ 1,394 $ — $ 12,743 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass — — — — — 26 300 — 326 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Farmland $ — $ — $ — $ — $ — $ 26 $ 300 $ — $ 326 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer real estate Home equity lines Pass — 446 — — — — 21,036 — 21,482 Special Mention — — — — — — 75 — 75 Substandard — — — — — — — — — Total Home equity lines $ — $ 446 $ — $ — $ — $ — $ 21,111 $ — $ 21,557 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Secured by 1-4 family residential First deed of trust Pass 34,067 14,288 15,613 8,107 2,957 17,427 2,125 — 94,584 Special Mention — — — 170 — 724 — — 894 Substandard — — — — — 160 — — 160 Total First deed of trust $ 34,067 $ 14,288 $ 15,613 $ 8,277 $ 2,957 $ 18,311 $ 2,125 $ — $ 95,638 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Second deed of trust Pass 4,530 3,207 1,027 397 1,067 626 266 — 11,120 Special Mention — — — — 45 67 — — 112 Substandard — — — — — 105 — — 105 Total Second deed of trust $ 4,530 $ 3,207 $ 1,027 $ 397 $ 1,112 $ 798 $ 266 $ $ 11,337 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial loans (except those secured by real estate) Pass 15,022 15,900 15,321 5,634 2,852 3,698 27,068 — 85,495 Special Mention 37 — — — 318 22 306 — 683 Substandard — — — 13 — 12 — — 25 Total Commercial and industrial $ 15,059 $ 15,900 $ 15,321 $ 5,647 $ 3,170 $ 3,732 $ 27,374 $ — $ 86,203 Current period gross writeoff $ — $ — $ — $ — $ — $ — $ — $ — $ — Guaranteed student loans Pass — — — — — 17,923 — — 17,923 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Guaranteed student loans $ — $ — $ — $ — $ — $ 17,923 $ — $ — $ 17,923 Current period gross writeoff $ 30 $ — $ — $ — $ — $ — $ — $ — $ 30 Consumer and other Pass 455 483 123 50 17 11 3,126 — 4,265 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Consumer and other $ 455 $ 483 $ 123 $ 50 $ 17 $ 11 $ 3,126 $ $ 4,265 Current period gross writeoff $ 3 $ — $ — $ — $ — $ — $ — $ — $ 3 Total Current period gross writeoff $ 33 $ — $ — $ — $ — $ — $ — $ — $ 33 Total loans $ 88,151 $ 100,297 $ 96,010 $ 48,576 $ 29,814 $ 146,610 $ 65,550 $ — $ 575,008 The following table presents the aging of the recorded investment in past due loans and leases as of the dates indicated (in thousands): Greater Investment > 30 ‑ 59 Days 60 ‑ 89 Days Than Total Past Total 90 Days and Past Due Past Due 90 Days Due Current Loans Accruing June 30, 2024 Construction and land development Residential $ — $ — $ — $ — $ 13,080 $ 13,080 $ — Commercial — — — — 36,067 36,067 — — — — — 49,147 49,147 — Commercial real estate Owner occupied — — — — 128,783 128,783 — Non-owner occupied — — — — 162,621 162,621 — Multifamily — — — — 18,293 18,293 — Farmland — — — — 315 315 — — — — — 310,012 310,012 — Consumer real estate Home equity lines 25 — — 25 22,256 22,281 — Secured by 1‑4 family residential First deed of trust — — — — 95,196 95,196 — Second deed of trust — — — — 12,808 12,808 — 25 — — 25 130,260 130,285 — Commercial and industrial loans (except those secured by real estate) 46 1,086 — 1,132 96,231 97,363 — Guaranteed student loans 547 172 1,050 1,769 12,387 14,156 1,050 Consumer and other — — 17 17 4,428 4,445 — Total loans $ 618 $ 1,258 $ 1,067 $ 2,943 $ 602,465 $ 605,408 $ 1,050 Recorded Greater Investment > 30-59 Days 60-89 Days Than Total Past Total 90 Days and Past Due Past Due 90 Days Due Current Loans Accruing December 31, 2023 Construction and land development Residential $ — $ — $ — $ — $ 10,471 $ 10,471 $ — Commercial — — — — 37,024 37,024 — — — — — 47,495 47,495 — Commercial real estate Owner occupied — — — — 122,666 122,666 — Non-owner occupied — — — — 154,855 154,855 — Multifamily — — — — 12,743 12,743 — Farmland — — — — 326 326 — — — — — 290,590 290,590 — Consumer real estate Home equity lines 83 25 — 108 21,449 21,557 — Secured by 1-4 family residential First deed of trust — — — — 95,638 95,638 — Second deed of trust 33 — — 33 11,304 11,337 — 116 25 — 141 128,391 128,532 — Commercial and industrial loans (except those secured by real estate) — — — — 86,203 86,203 — Guaranteed student loans 690 493 2,228 3,411 14,512 17,923 2,228 Consumer and other 734 — — 734 3,531 4,265 — Total loans $ 1,540 $ 518 $ 2,228 $ 4,286 $ 570,722 $ 575,008 $ 2,228 Loans greater than 90 days past due consist of student loans that are guaranteed by the DOE which covers approximately 98% of the principal and interest. Accordingly, these loans will not be placed on nonaccrual status and are not considered to be impaired. Loans that are individually evaluated for credit losses are limited to loans that have specific risk characteristics that are not shared by other loans and based on current information and events it is probable the Company will be unable to collect all amounts when due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. The repayment of these loans is expected to be substantially through the operations or the sale of the collateral. The allowance for credit losses on loans that are individually evaluated will be measured based on the fair value of the collateral either through operations or the sale of the collateral. When repayment is expected through the sale of the collateral, the allowance will be based on the fair value of the collateral less estimated costs to sell. Collateral dependent loans, or portions thereof, are charged off when deemed uncollectible. Collateral dependent loans are set forth in the following table as of the dates indicated (in thousands): June 30, 2024 December 31, 2023 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no related allowance recorded Secured by 1‑4 family residential First deed of trust $ 157 $ 157 $ — $ 160 $ 160 $ — Second deed of trust 96 96 — 105 105 — 253 253 — 265 265 — Commercial and industrial loans (except those secured by real estate) 9 9 — 26 26 — 262 262 — 291 291 — With an allowance recorded Commercial and industrial loans (except those secured by real estate) 125 125 17 — — — 125 125 17 — — — Total Secured by 1-4 family residential, First deed of trust 157 157 — 160 160 — Second deed of trust 96 96 — 105 105 — 253 253 — 265 265 — Commercial and industrial loans (except those secured by real estate) 134 134 17 26 26 — Consumer and other — — — — — — $ 387 $ 387 $ 17 $ 291 $ 291 $ — The following is a summary of average recorded investment in collateral dependent loans with and without a valuation allowance and interest income recognized on those loans for the periods indicated (in thousands): For the Three Months Ended For the Six Months Ended June 30, 2024 June 30, 2024 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance recorded Consumer real estate Secured by 1-4 family residential First deed of trust $ 158 $ 3 $ 159 $ 5 Second deed of trust 98 5 100 6 256 8 259 11 Commercial and industrial loans (except those secured by real estate) 11 — 16 — 267 8 275 11 With an allowance recorded Commercial and industrial loans (except those secured by real estate) 134 5 134 8 134 5 134 8 Total Consumer real estate Secured by 1-4 family residential, First deed of trust 158 3 159 5 Second deed of trust 98 5 100 6 256 8 259 11 Commercial and industrial loans (except those secured by real estate) 145 5 150 8 Consumer and other — — — — $ 401 $ 13 $ 409 $ 19 Loan Modifications to Borrowers in Financial Difficulty As part of its credit risk management, the Company may modify a loan agreement with a borrower experiencing financial difficulties through a refinancing or restructuring of the borrower’s loan agreement. There were no modified loans identified during the six months ended June 30, 2024 and June 30, 2023. In accordance with ASC 326, the Company has segmented its loan portfolio based on similar risk characteristics by call report code. The Company’s forecast of estimated expected losses is based on a twelve-month forecast of the national rate of unemployment and external observations of historical loan losses. The Company uses the Federal Open Market Committee’s projection of unemployment for its reasonable and supportable forecasting of current expected credit losses. For the periods beyond the reasonable and supportable forecast period, projections of expected credit losses are based on a reversion to the long-run mean for the national unemployment rate. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider the following qualitative adjustment factors: changes in lending policies and procedures including changes in underwriting standards, and collections, charge-offs, and recovery practices, changes in international, national, regional, and local conditions, changes in the nature and volume of the portfolio and terms of loans, changes in experience, depth, and ability of lending management, changes in the volume and severity of past due loans and other similar conditions, changes in the quality of the organization’s loan review system, changes in the value of underlying collateral for collateral dependent loans, the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses. Activity in the allowance for credit losses on loans is as follows for the periods indicated (in thousands): Provision for Beginning (Recovery of) Ending Balance Credit Losses Charge-offs Recoveries Balance Three Months Ended June 30, 2024 Construction and land development Residential $ 57 $ 27 $ — $ — $ 84 Commercial 202 4 — — 206 259 31 — — 290 Commercial real estate Owner occupied 437 24 — — 461 Non-owner occupied 1,596 (127) — — 1,469 Multifamily 86 (2) — — 84 Farmland — 1 — — 1 2,119 (104) — — 2,015 Consumer real estate Home equity lines 32 — — — 32 Secured by 1-4 family residential — First deed of trust 298 (7) — 1 292 Second deed of trust 98 (103) — 108 103 428 (110) — 109 427 Commercial and industrial loans (except those secured by real estate) 666 57 — 3 726 Student loans 55 (5) (5) — 45 Consumer and other 36 (2) — — 34 Unallocated 11 133 — — 144 $ 3,574 $ — $ (5) $ 112 $ 3,681 Impact of Provision for Beginning adopting (Recovery of) Ending Balance ASC 326 Credit Losses Charge-offs Recoveries Balance Three Months Ended June 30, 2023 Construction and land development Residential $ 51 $ — $ 10 $ — $ — $ 61 Commercial 264 — 3 — — 267 315 — 13 — — 328 Commercial real estate Owner occupied 391 — (12) — — 379 Non-owner occupied 1,460 — (84) — — 1,376 Multifamily 40 — — — — 40 Farmland — — — — — — 1,891 — (96) — — 1,795 Consumer real estate Home equity lines 33 — 30 — — 63 Secured by 1-4 family residential — First deed of trust 214 — 5 — — 219 Second deed of trust 75 — 4 — 4 83 322 — 39 — 4 365 Commercial and industrial loans (except those secured by real estate) 549 — 118 — 6 673 Student loans 112 — (95) (4) — 13 Consumer and other 34 — 1 — — 35 Unallocated 49 — (2) — — 47 $ 3,272 $ — $ (22) $ (4) $ 10 $ 3,256 Provision for Beginning (Recovery of) Ending Balance Credit Losses Charge-offs Recoveries Balance Six Months Ended June 30, 2024 Construction and land development Residential $ 86 $ (2) $ — $ — $ 84 Commercial 228 (22) — — 206 314 (24) — — 290 Commercial real estate Owner occupied 409 52 — — 461 Non-owner occupied 1,467 2 — — 1,469 Multifamily 44 40 — — 84 Farmland 3 (2) — — 1 1,923 92 — — 2,015 Consumer real estate Home equity lines 40 (18) — 10 32 Secured by 1-4 family residential First deed of trust 293 (3) — 2 292 Second deed of trust 99 (109) — 113 103 432 (130) — 125 427 Commercial and industrial loans (except those secured by real estate) 640 79 — 7 726 Student loans 57 (1) (11) — 45 Consumer and other 36 (2) — — 34 Unallocated 21 123 — — 144 $ 3,423 $ 137 $ (11) $ 132 $ 3,681 Impact of Provision for Beginning adopting (Recovery of) Ending Balance ASC 326 Loan Losses Charge-offs Recoveries Balance Six Months Ended June 30, 2023 Construction and land development Residential $ 79 $ 3 $ (21) $ — $ — $ 61 Commercial 192 34 41 — — 267 271 37 20 — — 328 Commercial real estate Owner occupied 867 (475) (13) — — 379 Non-owner occupied 1,289 192 (105) — — 1,376 Multifamily 33 7 — — — 40 Farmland — — — — — — 2,189 (276) (118) — — 1,795 Consumer real estate Home equity lines 11 24 28 — — 63 Secured by 1-4 family residential First deed of trust 131 76 11 — 1 219 Second deed of trust 43 25 9 — 6 83 185 125 48 — 7 365 Commercial and industrial loans (except those secured by real estate) 576 1 84 — 12 673 Student loans 52 — (32) (7) — 13 Consumer and other 37 (5) 3 — — 35 Unallocated 60 (9) (4) — — 47 $ 3,370 $ (127) $ 1 $ (7) $ 19 $ 3,256 Impact of Provision for Beginning adopting (Recovery of) Ending Balance ASC 326 Loan Losses Charge-offs Recoveries Balance Year Ended December 31, 2023 Construction and land development Residential $ 79 $ 3 $ 4 $ — $ — $ 86 Commercial 192 34 2 — — 228 271 37 6 — — 314 Commercial real estate Owner occupied 867 (475) 17 — — 409 Non-owner occupied 1,289 192 (14) — — 1,467 Multifamily 33 7 4 — — 44 Farmland — — 3 — — 3 2,189 (276) 10 — — 1,923 Consumer real estate Home equity lines 11 24 5 — — 40 Secured by 1-4 family residential First deed of trust 131 76 83 — 3 293 Second deed of trust 43 25 15 — 16 99 185 125 103 — 19 432 Commercial and industrial loans (except those secured by real estate) 576 1 (110) — 173 640 Student loans 52 — 35 (30) — 57 Consumer and other 37 (5) 7 (3) — 36 Unallocated 60 (9) (30) — — 21 $ 3,370 $ (127) $ 21 $ (33) $ 192 $ 3,423 Loans are required to be measured at amortized costs and to be presented at the net amount expected to be collected. Off balance sheet credit exposures, including loan commitments, are not recorded on balance sheet, but expected credit losses arising from off balance sheet credit exposures are recorded as a reserve for unfunded commit |
