LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2021 | |
| Loans Held For Investment And Allowance For Credit Losses [Abstract] | |
| Schedule of composition of the loan portfolio |
(Dollars in Thousands)
March 31, 2021
December 31, 2020
Commercial, Financial and Agricultural
$
413,819
$
393,930
Real Estate – Construction
138,104
135,831
Real Estate – Commercial Mortgage
669,158
648,393
Real Estate – Residential
(1)
365,931
352,543
Real Estate – Home Equity
202,099
205,479
Consumer
(2)
268,616
270,250
Loans HFI, Net of Unearned Income
$
2,057,727
$
2,006,426
(1)
Includes loans in process with outstanding
8.3
10.9
respectively.
(2)
Includes overdraft balances of $
0.9
0.7
|
| Schedule of activity in the allowance for loan losses by portfolio class |
Commercial,
Real Estate
Financial,
Real Estate
Commercial
Real Estate
Real Estate
(Dollars in Thousands)
Agricultural
Construction
Mortgage
Residential
Home Equity
Consumer
Total
Three Months Ended
March 31, 2021
Beginning Balance
$
2,204
$
2,479
$
7,029
$
5,440
$
3,111
$
3,553
$
23,816
Provision for Credit Losses
(314)
(225)
(718)
(305)
(655)
(95)
(2,312)
Charge-Offs
(69)
-
-
(6)
(5)
(1,056)
(1,136)
Recoveries
136
-
645
75
124
678
1,658
Net Recoveries
67
-
645
69
119
(378)
522
Ending Balance
$
1,957
$
2,254
$
6,956
$
5,204
$
2,575
$
3,080
$
22,026
Three Months Ended
March 31, 2020
Beginning Balance
$
1,675
$
370
$
3,416
$
3,128
$
2,224
$
3,092
$
13,905
Impact of Adopting ASC 326
488
302
1,458
1,243
374
(596)
3,269
Provision for Credit Losses
406
567
774
1,704
101
1,438
4,990
Charge-Offs
(362)
-
(11)
(110)
(31)
(1,566)
(2,080)
Recoveries
40
-
191
40
33
695
999
Net Charge-Offs
(322)
-
180
(70)
2
(871)
(1,081)
Ending Balance
$
2,247
$
1,239
$
5,828
$
6,005
$
2,701
$
3,063
$
21,083
|
| Schedule of aging of the recorded investment in accruing past due loans by class of loans |
30-59
60-89
90 +
Total
Total
Nonaccrual
Total
(Dollars in Thousands)
DPD
DPD
DPD
Past Due
Current
Loans
Loans
March 31, 2021
Commercial, Financial and Agricultural
$
55
$
58
$
-
$
113
$
413,556
$
150
$
413,819
Real Estate – Construction
565
-
-
565
137,360
179
138,104
Real Estate – Commercial Mortgage
183
-
-
183
667,719
1,256
669,158
Real Estate – Residential
289
226
-
515
362,266
3,150
365,931
Real Estate – Home Equity
355
-
-
355
201,282
462
202,099
Consumer
712
179
-
891
267,560
165
268,616
Total
$
2,159
$
463
$
-
$
2,622
$
2,049,743
$
5,362
$
2,057,727
December 31, 2020
Commercial, Financial and Agricultural
$
194
$
124
$
-
$
318
$
393,451
$
161
$
393,930
Real Estate – Construction
-
717
-
717
134,935
179
135,831
Real Estate – Commercial Mortgage
293
-
-
293
646,688
1,412
648,393
Real Estate – Residential
375
530
-
905
348,508
3,130
352,543
Real Estate – Home Equity
325
138
-
463
204,321
695
205,479
Consumer
1,556
342
-
1,898
268,058
294
270,250
Total
$
2,743
$
1,851
$
-
$
4,594
$
1,995,961
$
5,871
$
2,006,426
|
| Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans |
March 31,
December 31, 2020
Nonaccrual
Nonaccrual
Nonaccrual
Nonaccrual
With
With No
90 + Days
With
With No
90 + Days
(Dollars in Thousands)
ACL
ACL
Still Accruing
ACL
ACL
Still Accruing
Commercial, Financial and Agricultural
$
150
$
-
$
-
$
161
$
-
$
-
Real Estate – Construction
179
-
-
179
-
-
Real Estate – Commercial Mortgage
199
1,057
-
337
1,075
-
Real Estate – Residential
1,641
1,509
-
1,617
1,513
-
Real Estate – Home Equity
462
-
-
695
-
-
Consumer
165
-
-
294
-
-
Total Nonaccrual
$
2,796
$
2,566
$
-
$
3,283
$
2,588
$
-
|
| Amortized cost basis of collateral-dependent loans |
March 31, 2021
December 31, 2020
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
-
$
-
$
-
Real Estate – Commercial Mortgage
1,113
-
3,900
-
Real Estate – Residential
2,537
-
3,022
-
Real Estate – Home Equity
299
-
219
-
Consumer
-
29
-
29
Total Collateral Dependent
$
3,949
$
29
$
7,141
$
29
|
| Summary of gross loans held for investment by years of origination |
Term
Revolving
(Dollars in Thousands)
2021
2020
2019
2018
2017
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
77,066
$
188,688
$
41,681
$
32,674
$
12,792
$
21,622
$
38,528
$
413,051
Special Mention
-
-
189
39
4
55
-
287
Substandard
-
12
-
285
38
88
58
481
Total
$
77,066
$
188,700
$
41,870
$
32,998
$
12,834
$
21,765
$
38,586
$
413,819
Real Estate -
Construction:
Pass
$
13,786
$
80,577
$
29,221
$
6,301
$
1,570
$
-
$
3,451
$
134,906
Special Mention
643
-
2,376
-
-
-
-
3,019
Substandard
-
-
179
-
-
-
-
179
Total
$
14,429
$
80,577
$
31,776
$
6,301
$
1,570
$
-
$
3,451
$
138,104
Real Estate -
Commercial Mortgage:
Pass
$
35,435
$
158,436
$
100,143
$
115,971
$
69,848
$
111,707
$
24,321
$
615,861
Special Mention
-
4,161
6,040
14,296
4,618
13,143
397
42,655
Substandard
1,604
589
3,597
87
1,829
2,936
-
10,642
Total
$
37,039
$
163,186
$
109,780
$
130,354
$
76,295
$
127,786
$
24,718
$
669,158
Real Estate - Residential:
Pass
$
42,559
$
92,152
$
58,624
$
39,575
$
37,006
$
78,360
$
6,290
$
354,566
Special Mention
-
139
23
124
173
535
-
994
Substandard
133
1,402
2,653
1,603
1,341
3,239
-
10,371
Total
$
42,692
$
93,693
$
61,300
$
41,302
$
38,520
$
82,134
$
6,290
$
365,931
Real Estate - Home
Equity:
Performing
$
39
$
62
$
358
$
238
$
767
$
2,247
$
197,926
$
201,637
Nonperforming
-
-
-
-
-
-
462
462
Total
$
39
$
62
$
358
$
238
$
767
$
2,247
$
198,388
$
202,099
Consumer:
Performing
$
30,721
$
97,423
$
61,532
$
44,126
$
20,292
$
9,502
$
4,855
$
268,451
Nonperforming
-
55
61
5
12
32
-
165
Total
$
30,721
$
97,478
$
61,593
$
44,131
$
20,304
$
9,534
$
4,855
$
268,616
|