LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2022 | |
| Loans Held For Investment And Allowance For Credit Losses [Abstract] | |
| Schedule of composition of the loan portfolio |
(Dollars in Thousands)
June 30, 2022
December 31, 2021
Commercial, Financial and Agricultural
$
247,902
$
223,086
Real Estate – Construction
225,664
174,394
Real Estate – Commercial Mortgage
699,093
663,550
Real Estate – Residential
(1)
484,975
360,021
Real Estate – Home Equity
194,658
187,821
Consumer
(2)
361,361
322,593
Loans Held For Investment, Net of Unearned Income
$
2,213,653
$
1,931,465
(1)
Includes loans in process balances of $
7.2
13.6
(2)
Includes overdraft balances of $
1.5
1.1
|
| 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, 2022
Beginning Balance
$
2,122
$
2,596
$
5,392
$
4,470
$
1,916
$
4,260
$
20,756
Provision for Credit Losses
564
542
(396)
1,060
(223)
123
1,670
Charge-Offs
(1,104)
-
-
-
-
(1,193)
(2,297)
Recoveries
59
-
56
115
67
855
1,152
Net (Charge-Offs) Recoveries
(1,045)
-
56
115
67
(338)
(1,145)
Ending Balance
$
1,641
$
3,138
$
5,052
$
5,645
$
1,760
$
4,045
$
21,281
Six Months Ended
June 30, 2022
Beginning Balance
$
2,191
$
3,302
$
5,810
$
4,129
$
2,296
$
3,878
$
21,606
Provision for Credit Losses
403
(172)
(577)
1,374
(628)
1,191
1,591
Charge-Offs
(1,177)
-
(266)
-
(33)
(2,595)
(4,071)
Recoveries
224
8
85
142
125
1,571
2,155
Net (Charge-Offs) Recoveries
(953)
8
(181)
142
92
(1,024)
(1,916)
Ending Balance
$
1,641
$
3,138
$
5,052
$
5,645
$
1,760
$
4,045
$
21,281
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
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
138
-
671
248
115
(317)
855
Ending Balance
$
1,972
$
2,759
$
7,569
$
4,353
$
2,457
$
3,065
$
22,175
|
| 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, 2022
Commercial, Financial and Agricultural
$
166
$
27
$
-
$
193
$
247,638
$
71
$
247,902
Real Estate – Construction
-
-
-
-
225,664
-
225,664
Real Estate – Commercial Mortgage
358
-
-
358
698,305
430
699,093
Real Estate – Residential
236
-
-
236
483,064
1,675
484,975
Real Estate – Home Equity
225
-
-
225
193,700
733
194,658
Consumer
1,906
636
-
2,542
358,587
232
361,361
Total
$
2,891
$
663
$
-
$
3,554
$
2,206,958
$
3,141
$
2,213,653
December 31, 2021
Commercial, Financial and Agricultural
$
100
$
23
$
-
$
123
$
222,873
$
90
$
223,086
Real Estate – Construction
-
-
-
-
174,394
-
174,394
Real Estate – Commercial Mortgage
151
-
-
151
662,795
604
663,550
Real Estate – Residential
365
151
-
516
357,408
2,097
360,021
Real Estate – Home Equity
210
-
-
210
186,292
1,319
187,821
Consumer
1,964
636
-
2,600
319,781
212
322,593
Total
$
2,790
$
810
$
-
$
3,600
$
1,923,543
$
4,322
$
1,931,465
|
| Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans |
June 30, 2022
December 31, 2021
Nonaccrual
Nonaccrual
Nonaccrual
Nonaccrual
With No
With
90 + Days
With No
With
90 + Days
(Dollars in Thousands)
ACL
ACL
Still Accruing
ACL
ACL
Still Accruing
Commercial, Financial and Agricultural
$
-
$
71
$
-
$
67
$
23
$
-
Real Estate – Construction
-
-
-
-
-
-
Real Estate – Commercial Mortgage
-
430
-
-
604
-
Real Estate – Residential
1,508
167
-
928
1,169
-
Real Estate – Home Equity
-
733
-
463
856
-
Consumer
-
232
-
-
212
-
Total Nonaccrual
$
1,508
$
1,633
$
-
$
1,458
$
2,864
$
-
|
| Amortized cost basis of collateral-dependent loans |
June 30, 2022
December 31, 2021
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
-
$
-
$
67
Real Estate – Construction
-
-
-
-
Real Estate – Commercial Mortgage
-
-
455
-
Real Estate – Residential
697
-
1,645
-
Real Estate – Home Equity
598
-
649
-
Consumer
-
-
-
-
Total Collateral Dependent
$
1,295
$
-
$
2,749
$
67
|
| Summary of gross loans held for investment by years of origination |
Term
Revolving
(Dollars in Thousands)
2022
2021
2020
2019
2018
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
49,887
$
54,079
$
25,439
$
21,041
$
15,004
$
15,218
$
66,828
$
247,496
Special Mention
-
-
-
9
-
23
117
149
Substandard
-
-
8
-
122
127
-
257
Total
$
49,887
$
54,079
$
25,447
$
21,050
$
15,126
$
15,368
$
66,945
$
247,902
Real Estate -
Construction:
Pass
$
57,643
$
107,385
$
48,432
$
8,482
$
-
$
126
$
2,905
$
224,973
Special Mention
-
-
691
-
-
-
-
691
Total
$
57,643
$
107,385
$
49,123
$
8,482
$
-
$
126
$
2,905
$
225,664
Real Estate -
Commercial Mortgage:
Pass
$
124,927
$
155,769
$
116,218
$
66,400
$
67,022
$
119,767
$
25,115
$
675,218
Special Mention
224
1,133
235
1,740
742
6,862
1,493
12,429
Substandard
7,510
1,788
402
631
-
1,047
68
11,446
Total
$
132,661
$
158,690
$
116,855
$
68,771
$
67,764
$
127,676
$
26,676
$
699,093
Real Estate - Residential:
Pass
$
183,113
$
106,587
$
51,210
$
31,925
$
22,142
$
74,104
$
7,508
$
476,589
Special Mention
59
-
130
17
59
562
-
827
Substandard
119
1,076
976
935
895
3,558
-
7,559
Total
$
183,291
$
107,663
$
52,316
$
32,877
$
23,096
$
78,224
$
7,508
$
484,975
Real Estate - Home
Equity:
Performing
$
29
$
133
$
13
$
299
$
154
$
2,101
$
191,196
$
193,925
Nonperforming
-
-
-
16
-
-
717
733
Total
$
29
$
133
$
13
$
315
$
154
$
2,101
$
191,913
$
194,658
Consumer:
Performing
$
112,549
$
139,965
$
48,931
$
28,715
$
18,005
$
7,544
$
5,420
$
361,129
Nonperforming
22
56
56
47
38
13
-
232
Total
$
112,571
$
140,021
$
48,987
$
28,762
$
18,043
$
7,557
$
5,420
$
361,361
|