LOANS HELD FOR INVESTMENT AND ALLOWANCE FOR CREDIT LOSSES (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 2023 | |
| Loans Held For Investment And Allowance For Credit Losses [Abstract] | |
| Composition of the loan portfolio |
(Dollars in Thousands)
June 30, 2023
December 31, 2022
Commercial, Financial and Agricultural
$
227,219
$
247,362
Real Estate – Construction
226,404
234,519
Real Estate – Commercial Mortgage
831,285
782,557
Real Estate – Residential
(1)
882,292
727,105
Real Estate – Home Equity
203,150
208,120
Consumer
(2)
296,653
325,517
Loans Held For Investment, Net of Unearned Income
$
2,667,003
$
2,525,180
(1)
Includes loans in process balance of $
6.1
(2)
Includes overdraft balances of $
1.0
1.1
|
| Activity in 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, 2023
Beginning Balance
$
1,515
$
3,359
$
4,710
$
11,649
$
1,879
$
3,395
$
26,507
Provision for Credit Losses
(86)
(512)
732
1,328
(188)
670
1,944
Charge-Offs
(54)
-
-
-
(39)
(1,887)
(1,980)
Recoveries
71
1
11
132
131
1,147
1,493
Net (Charge-Offs) Recoveries
17
1
11
132
92
(740)
(487)
Ending Balance
$
1,446
$
2,848
$
5,453
$
13,109
$
1,783
$
3,325
$
27,964
Six Months Ended
June 30, 2023
Beginning Balance
$
1,506
$
2,654
$
4,815
$
10,409
$
1,864
$
3,488
$
24,736
Provision for Credit Losses
(8)
192
739
2,511
(198)
1,999
5,235
Charge-Offs
(218)
-
(120)
-
(39)
(4,253)
(4,630)
Recoveries
166
2
19
189
156
2,091
2,623
Net (Charge-Offs) Recoveries
(52)
2
(101)
189
117
(2,162)
(2,007)
Ending Balance
$
1,446
$
2,848
$
5,453
$
13,109
$
1,783
$
3,325
$
27,964
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
(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
(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
|
| Loan Portfolio Aging |
30-59
60-89
90 +
Total
Total
Nonaccrual
Total
(Dollars in Thousands)
DPD
DPD
DPD
Past Due
Current
Loans
Loans
June 30, 2023
Commercial, Financial and Agricultural
$
196
$
81
$
-
$
277
$
226,933
$
9
$
227,219
Real Estate – Construction
-
218
-
218
225,771
415
226,404
Real Estate – Commercial Mortgage
79
45
-
124
828,740
2,421
831,285
Real Estate – Residential
241
128
-
369
880,222
1,701
882,292
Real Estate – Home Equity
68
-
-
68
202,326
756
203,150
Consumer
2,409
742
-
3,151
292,181
1,321
296,653
Total
$
2,993
$
1,214
$
-
$
4,207
$
2,656,173
$
6,623
$
2,667,003
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
|
| Recorded investment in nonaccrual and past due loans |
June 30, 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
$
-
$
9
$
-
$
-
$
41
$
-
Real Estate – Construction
415
-
-
-
17
-
Real Estate – Commercial Mortgage
2,212
209
-
389
256
-
Real Estate – Residential
1,172
529
-
-
239
-
Real Estate – Home Equity
227
529
-
-
771
-
Consumer
-
1,321
-
-
584
-
Total Nonaccrual
$
4,026
$
2,597
$
-
$
389
$
1,908
$
-
|
| Collateral-dependent loans |
June 30, 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
415
-
-
-
Real Estate – Commercial Mortgage
2,212
-
389
-
Real Estate – Residential
1,098
-
160
-
Real Estate – Home Equity
227
-
130
-
Consumer
-
-
21
-
Total Collateral Dependent
$
3,952
$
-
$
700
$
-
|
| 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
$
25,879
$
77,944
$
36,236
$
14,631
$
10,016
$
10,518
$
46,644
$
221,868
Special Mention
1,490
516
986
126
69
149
1,909
5,245
Substandard
6
46
21
17
-
16
-
106
Total
$
27,375
$
78,506
$
37,243
$
14,774
$
10,085
$
10,683
$
48,553
$
227,219
Current-Period Gross
Writeoffs
$
-
$
129
$
40
$
14
$
12
$
10
$
13
$
218
Real Estate -
Construction:
Pass
$
59,976
$
121,631
$
32,667
$
1,807
$
189
$
123
$
7,855
$
224,248
Special Mention
478
-
375
-
-
-
-
853
Substandard
-
-
218
1,085
-
-
-
1,303
Total
$
60,454
$
121,631
$
33,260
$
2,892
$
189
$
123
$
7,855
$
226,404
Real Estate -
Commercial Mortgage:
Pass
$
62,928
$
261,333
$
165,145
$
128,342
$
47,330
$
130,477
$
19,554
$
815,109
Special Mention
4,343
793
948
239
1,483
2,461
439
10,706
Substandard
-
806
831
1,920
628
632
653
5,470
Total
$
67,271
$
262,932
$
166,924
$
130,501
$
49,441
$
133,570
$
20,646
$
831,285
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
120
$
-
$
120
Real Estate - Residential:
Pass
$
211,696
$
418,730
$
89,049
$
41,916
$
26,818
$
75,872
$
8,323
$
872,404
Special Mention
269
92
228
517
-
560
-
1,666
Substandard
70
1,320
1,253
1,571
935
3,073
-
8,222
Total
$
212,035
$
420,142
$
90,530
$
44,004
$
27,753
$
79,505
$
8,323
$
882,292
Real Estate - Home
Equity:
Performing
$
-
$
50
$
129
$
11
$
392
$
1,122
$
200,689
$
202,393
Nonperforming
-
-
-
-
-
-
757
757
Total
$
-
$
50
$
129
$
11
$
392
$
1,122
$
201,446
$
203,150
Current-Period Gross
Writeoffs
$
-
$
-
$
-
$
-
$
-
$
-
$
39
$
39
Consumer:
Performing
$
39,592
$
109,461
$
88,648
$
28,133
$
14,878
$
8,976
$
5,645
$
295,333
Nonperforming
-
633
418
179
81
7
2
1,320
Total
$
39,592
$
110,094
$
89,066
$
28,312
$
14,959
$
8,983
$
5,647
$
296,653
Current-Period Gross
Writeoffs
$
1,571
$
1,486
$
763
$
138
$
143
$
63
$
89
$
4,253
|