LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2021 | |
| Loans Held For Investment And Allowance For Credit Losses [Abstract] | |
| Schedule of composition of the loan portfolio |
(Dollars in Thousands)
June 30, 2021
December 31, 2020
Commercial, Financial and Agricultural
$
292,953
$
393,930
Real Estate – Construction
149,884
135,831
Real Estate – Commercial Mortgage
707,599
648,393
Real Estate – Residential
(1)
368,457
352,543
Real Estate – Home Equity
190,078
205,479
Consumer
(2)
299,691
270,250
Loans HFI, Net of Unearned Income
$
2,008,662
$
2,006,426
(1)
Includes loans in process with outstanding
7.4
10.9
respectively.
(2)
Includes overdraft balances of $
1.2
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
June 30, 2021
Beginning Balance
$
1,957
$
2,254
$
6,956
$
5,204
$
2,575
$
3,080
$
22,026
Provision for Credit Losses
(56)
505
587
(1,030)
(114)
(76)
(184)
Charge-Offs
(32)
-
-
(65)
(74)
(670)
(841)
Recoveries
103
-
26
244
70
731
1,174
Net (Charge-Offs) Recoveries
71
-
26
179
(4)
61
333
Ending Balance
$
1,972
$
2,759
$
7,569
$
4,353
$
2,457
$
3,065
$
22,175
Six Months Ended
June 30, 2021
Beginning Balance
$
2,204
$
2,479
$
7,029
$
5,440
$
3,111
$
3,553
$
23,816
Provision for Credit Losses
(370)
280
(131)
(1,335)
(769)
(171)
(2,496)
Charge-Offs
(101)
-
-
(71)
(79)
(1,726)
(1,977)
Recoveries
239
-
671
319
194
1,409
2,832
Net (Charge-Offs) Recoveries
138
-
671
248
115
(317)
855
Ending Balance
$
1,972
$
2,759
$
7,569
$
4,353
$
2,457
$
3,065
$
22,175
Three Months Ended
June 30, 2020
Beginning Balance
$
2,247
$
1,239
$
5,828
$
6,005
$
2,701
$
3,063
$
21,083
Provision for Credit Losses
333
716
742
(615)
40
399
1,615
Charge-Offs
(186)
-
-
(1)
(52)
(1,175)
(1,414)
Recoveries
74
-
70
51
64
914
1,173
Net Charge-Offs
(112)
-
70
50
12
(261)
(241)
Ending Balance
$
2,468
$
1,955
$
6,640
$
5,440
$
2,753
$
3,201
$
22,457
Six Months Ended
June 30, 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
739
1,283
1,516
1,089
141
1,837
6,605
Charge-Offs
(548)
-
(11)
(111)
(83)
(2,741)
(3,494)
Recoveries
114
-
261
91
97
1,609
2,172
Net Charge-Offs
(434)
-
250
(20)
14
(1,132)
(1,322)
Ending Balance
$
2,468
$
1,955
$
6,640
$
5,440
$
2,753
$
3,201
$
22,457
|
| 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
June 30, 2021
Commercial, Financial and Agricultural
$
353
$
7
$
-
$
360
$
292,565
$
28
$
292,953
Real Estate – Construction
-
840
-
840
149,044
-
149,884
Real Estate – Commercial Mortgage
309
155
-
464
705,614
1,521
707,599
Real Estate – Residential
394
211
-
605
365,329
2,523
368,457
Real Estate – Home Equity
82
138
-
220
188,930
928
190,078
Consumer
1,061
195
-
1,256
298,325
110
299,691
Total
$
2,199
$
1,546
$
-
$
3,745
$
1,999,807
$
5,110
$
2,008,662
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 |
June 30, 2021
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
$
28
$
-
$
-
$
161
$
-
$
-
Real Estate – Construction
-
-
-
179
-
-
Real Estate – Commercial Mortgage
1,027
494
-
337
1,075
-
Real Estate – Residential
1,588
935
-
1,617
1,513
-
Real Estate – Home Equity
928
-
-
695
-
-
Consumer
110
-
-
294
-
-
Total Nonaccrual
$
3,681
$
1,429
$
-
$
3,283
$
2,588
$
-
|
| Amortized cost basis of collateral-dependent loans |
June 30, 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
1,734
-
3,900
-
Real Estate – Residential
2,192
-
3,022
-
Real Estate – Home Equity
700
-
219
-
Consumer
-
27
-
29
Total Collateral Dependent
$
4,626
$
27
$
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
$
96,160
$
56,466
$
37,288
$
24,612
$
11,525
$
17,651
$
48,606
$
292,308
Special Mention
57
-
180
32
1
51
-
321
Substandard
-
11
-
228
22
28
35
324
Total
$
96,217
$
56,477
$
37,468
$
24,872
$
11,548
$
17,730
$
48,641
$
292,953
Real Estate -
Construction:
Pass
$
41,183
$
78,597
$
23,854
$
488
$
134
$
-
$
4,073
$
148,329
Special Mention
715
-
-
-
-
-
-
715
Substandard
-
840
-
-
-
-
-
840
Total
$
41,898
$
79,437
$
23,854
$
488
$
134
$
-
$
4,073
$
149,884
Real Estate -
Commercial Mortgage:
Pass
$
108,247
$
155,143
$
98,591
$
111,327
$
66,381
$
96,834
$
22,358
$
658,881
Special Mention
-
26
4,510
16,720
4,601
13,304
4
39,165
Substandard
1,561
583
3,589
90
1,799
1,931
-
9,553
Total
$
109,808
$
155,752
$
106,690
$
128,137
$
72,781
$
112,069
$
22,362
$
707,599
Real Estate - Residential:
Pass
$
83,586
$
76,616
$
50,779
$
34,010
$
31,307
$
71,827
$
7,906
$
356,031
Special Mention
-
139
21
123
170
529
-
982
Substandard
936
1,908
2,783
1,732
1,113
2,872
100
11,444
Total
$
84,522
$
78,663
$
53,583
$
35,865
$
32,590
$
75,228
$
8,006
$
368,457
Real Estate - Home
Equity:
Performing
$
155
$
60
$
353
$
179
$
755
$
2,091
$
185,557
$
189,150
Nonperforming
-
-
-
-
-
-
928
928
Total
$
155
$
60
$
353
$
179
$
755
$
2,091
$
186,485
$
190,078
Consumer:
Performing
$
96,878
$
84,462
$
52,437
$
37,372
$
16,460
$
6,652
$
5,319
$
299,580
Nonperforming
-
-
5
34
14
58
-
111
Total
$
96,878
$
84,462
$
52,442
$
37,406
$
16,474
$
6,710
$
5,319
$
299,691
|