LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2023 | |
| Loans Held For Investment And Allowance For Credit Losses [Abstract] | |
| Schedule of composition of the loan portfolio |
(Dollars in Thousands)
March 31, 2023
December 31, 2022
Commercial, Financial and Agricultural
$
236,263
$
247,362
Real Estate – Construction
253,903
234,519
Real Estate – Commercial Mortgage
798,438
782,557
Real Estate – Residential
(1)
834,784
727,105
Real Estate – Home Equity
207,241
208,120
Consumer
(2)
306,255
325,517
Loans Held For Investment, Net of Unearned Income
$
2,636,884
$
2,525,180
(1)
Includes loans in process balances of $
8.5
6.1
(2)
Includes overdraft balances of $
0.9
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
March 31, 2023
Beginning Balance
$
1,506
$
2,654
$
4,815
$
10,409
$
1,864
$
3,488
$
24,736
Provision for Credit Losses
78
704
7
1,183
(10)
1,329
3,291
Charge-Offs
(164)
-
(120)
-
-
(2,366)
(2,650)
Recoveries
95
1
8
57
25
944
1,130
Net (Charge-Offs) Recoveries
(69)
1
(112)
57
25
(1,422)
(1,520)
Ending Balance
$
1,515
$
3,359
$
4,710
$
11,649
$
1,879
$
3,395
$
26,507
Three Months Ended
March 31, 2022
Beginning Balance
$
2,191
$
3,302
$
5,810
$
4,129
$
2,296
$
3,878
$
21,606
Provision for Credit Losses
(161)
(714)
(181)
314
(405)
1,068
(79)
Charge-Offs
(73)
-
(266)
-
(33)
(1,402)
(1,774)
Recoveries
165
8
29
27
58
716
1,003
Net (Charge-Offs) Recoveries
92
8
(237)
27
25
(686)
(771)
Ending Balance
$
2,122
$
2,596
$
5,392
$
4,470
$
1,916
$
4,260
$
20,756
|
| 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, 2023
Commercial, Financial and Agricultural
$
248
$
4
$
-
$
252
$
235,999
$
12
$
236,263
Real Estate – Construction
1,137
-
-
1,137
252,766
-
253,903
Real Estate – Commercial Mortgage
64
66
-
130
795,747
2,561
798,438
Real Estate – Residential
(1)
1,040
-
-
1,040
832,978
766
834,784
Real Estate – Home Equity
54
-
-
54
206,505
682
207,241
Consumer
2,175
273
-
2,448
303,239
568
306,255
Total
$
4,718
$
343
$
-
$
5,061
$
2,627,234
$
4,589
$
2,636,884
December 31, 2022
Commercial, Financial and Agricultural
$
109
$
126
$
-
$
235
$
247,086
$
41
$
247,362
Real Estate – Construction
359
-
-
359
234,143
17
234,519
Real Estate – Commercial Mortgage
158
149
-
307
781,605
645
782,557
Real Estate – Residential
845
530
-
1,375
725,491
239
727,105
Real Estate – Home Equity
-
35
-
35
207,314
771
208,120
Consumer
3,666
1,852
-
5,518
319,415
584
325,517
Total
$
5,137
$
2,692
$
-
$
7,829
$
2,515,054
$
2,297
$
2,525,180
(1)
Includes $
0.3
|
| Schedule of recorded investment in nonaccrual loans and loans past due over 90 days and still on accrual by class of loans |
March 31, 2023
December 31, 2022
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
$
-
$
12
$
-
$
-
$
41
$
-
Real Estate – Construction
-
-
-
-
17
-
Real Estate – Commercial Mortgage
2,438
123
-
389
256
-
Real Estate – Residential
-
766
-
-
239
-
Real Estate – Home Equity
-
682
-
-
771
-
Consumer
-
568
-
-
584
-
Total Nonaccrual
$
2,438
$
2,151
$
-
$
389
$
1,908
$
-
|
| Amortized cost basis of collateral-dependent loans |
March 31, 2023
December 31, 2022
Real Estate
Non Real Estate
Real Estate
Non Real Estate
(Dollars in Thousands)
Secured
Secured
Secured
Secured
Commercial, Financial and Agricultural
$
-
$
-
$
-
$
-
Real Estate – Construction
-
-
-
-
Real Estate – Commercial Mortgage
2,207
-
389
-
Real Estate – Residential
-
-
160
-
Real Estate – Home Equity
231
-
130
-
Consumer
-
-
21
-
Total Collateral Dependent
$
2,438
$
-
$
700
$
-
|
| Summary of gross loans held for investment by years of origination |
Term
Revolving
(Dollars in Thousands)
2023
2022
2021
2020
2019
Prior
Loans
Total
Commercial, Financial,
Agriculture:
Pass
$
9,753
$
86,415
$
40,206
$
17,534
$
12,291
$
15,965
$
49,582
$
231,746
Special Mention
1,200
-
748
71
2
47
2,322
4,390
Substandard
-
80
-
-
4
43
-
127
Total
$
10,953
$
86,495
$
40,954
$
17,605
$
12,297
$
16,055
$
51,904
$
236,263
Current-Period Gross
Writeoffs
$
-
$
105
$
22
$
14
$
-
$
10
$
13
$
164
Real Estate -
Construction:
Pass
$
34,114
$
149,982
$
52,697
$
7,275
$
397
$
123
$
6,881
$
251,469
Special Mention
-
-
859
25
453
-
-
1,337
Substandard
-
-
-
1,097
-
-
-
1,097
Total
$
34,114
$
149,982
$
53,556
$
8,397
$
850
$
123
$
6,881
$
253,903
Real Estate -
Commercial Mortgage:
Pass
$
34,848
$
245,205
$
159,795
$
131,444
$
51,973
$
137,449
$
26,056
$
786,770
Special Mention
995
339
992
240
1,402
2,819
300
7,087
Substandard
-
822
966
753
642
763
635
4,581
Total
$
35,843
$
246,366
$
161,753
$
132,437
$
54,017
$
141,031
$
26,991
$
798,438
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
120
$
-
$
120
Real Estate - Residential:
Pass
$
133,468
$
436,089
$
92,988
$
44,541
$
28,365
$
80,711
$
9,109
$
825,271
Special Mention
-
93
356
525
-
632
-
1,606
Substandard
-
1,042
1,133
1,725
953
3,054
-
7,907
Total
$
133,468
$
437,224
$
94,477
$
46,791
$
29,318
$
84,397
$
9,109
$
834,784
Real Estate - Home
Equity:
Performing
$
-
$
51
$
133
$
12
$
387
$
1,192
$
204,784
$
206,559
Nonperforming
-
-
-
-
14
76
592
682
Total
$
-
$
51
$
133
$
12
$
401
$
1,268
$
205,376
$
207,241
Consumer:
Performing
$
15,735
$
122,092
$
100,617
$
32,203
$
17,726
$
12,242
$
5,072
$
305,687
Nonperforming
-
269
170
19
84
26
-
568
Total
$
15,735
$
122,361
$
100,787
$
32,222
$
17,810
$
12,268
$
5,072
$
306,255
Current-Period Gross
Writeoffs
$
646
$
915
$
488
$
110
$
113
$
47
$
47
$
2,366
|